Car Accident Lawsuit Loans

Waiting on an auto accident settlement? Learn your options for getting a low-rate, risk free cash advance ('car accident loan') against your pending settlement.


Car Accident Loans

Traffic accidents are among the leading causes of serious injuries in the United States. According to data published by the National Highway Traffic Safety Administration (NHTSA), approximately 2 million Americans are injured in motor vehicle accidents each and every year.

Through a car accident claim, injured victims may be eligible to recover financial compensation from their insurance company or from another driver’s insurance company.

However, even if you have a winning case, it can often take a long time to get a full and fair car accident settlement offer from an insurance company. 

At Ally Lawsuit Loans, we offer the lowest rate pre-settlement auto accident loans to plaintiffs. Our team understands that the car accident injury claims process can be long, stressful, and frustrating.

Unfortunately, your bills are not going to wait for the insurance company to settle a claim.

We provide auto accident victims with an affordable cash advance so that they can relieve anxiety and financial burden while their claim is still pending.

To find out more about our services, please do not hesitate to contact our team today.

✅ How Do You Qualify for a Car Accident Loan?

All lawsuit lending companies have their own underwriting standards. Though, as a general matter, there are two primary factors that will determine how much you can qualify for in pre-settlement auto accident funding:

  1. The severity of your injuries (the potential value of your case); and
  2. The likelihood of proving liability (the chances that you will win your case). 

The stronger your legal case and the more serious your injuries, the more likely it is that you will be able to obtain a car accident loan. If you suffered an injury, it is likely that some level of finding will be available. To be clear, your credit score does not matter.

At Ally Lawsuit Loans, we offer car accident settlement loans based solely on your personal injury case.

📝 How to Apply for Automobile Accident Loans

At Ally Lawsuit Loans, our application process for car accident loans is fast and easy. We approve most applicants within 24 hours. Most importantly, there is no credit or background check required and the application is free.

Here’s how to apply:

1. Submit information about your claim to our friendly staff online or by phone. This helps us understand the circumstances of your case and whether a car accident loan is right for you.

2. Put us in contact with your attorney. When we talk to your attorney, we ask about the details of your lawsuit including the potential outcome and determine if we can offer you a car accident cash advance with little risk.

3. Receive approval and cash within 24 hours. If your case is a good fit, we will deliver cash to your bank account within 24 hours of approval.

💲 Accident Settlement Loans Can Help You Cover Your Immediate Expenses

If you were injured in a car accident, you may already be frustrated by how long the claims process is taking. It is not uncommon for an insurance company to take months or even years to pay out a car accident injury claim. Of course, your bills are not going to wait for your settlement offer.

Pre-settlement auto accident loans are a no-risk way to get your expenses paid right now.

Our clients use auto accident loans to cover bills, including:

  • Medical care;
  • Mortgage/rent payments;
  • Ordinary living expenses; and
  • Legal fees.

Our team is here to provide you with financial protection when you need it the most. We recommend that you do not take any more money than you need to cover your bills.

💰 Lawsuit Funding Can Help You Win a Larger Settlement

Any great personal injury lawyer will tell you that it takes some time to build a strong, compelling legal case. Your lawyer needs to put together all of the relevant evidence necessary to prove liability and to establish the full value of your damages. Rushing the auto accident injury claims process is not a good idea. It is much better to give your lawyer the time that they need to maximize your personal injury settlement offer.

In too many cases, injured victims give up their claim too early and agree to an unfair settlement because they have bills that need to get paid immediately. The immediate financial pressures of life can lead to poor decision-making. The big insurance companies know this — and they use time as a negotiating strategy. Settling prematurely could easily take thousands of dollars, or more, out of your pocket.

Our car accident settlement loans can give you the breathing room that you need to be patient and let your lawyer do their job — getting you the maximum settlement offer.

👌 No-Risk Accident Loans — You Only Pay If You Win Your Case

You may be wondering what happens if your car accident claim is eventually denied. What if you do not win your case? Will you be on the hook for repaying your accident loan? The answer is a resounding ‘no’.

At Ally Lawsuit Loans, we offer clients funding through a type of lending arrangement that is known as a ‘non-recourse’ loan. Your car accident loan will be secured entirely by your future settlement — that is it. There is no other legal recourse available to our company. If, for whatever reason, you do not win your personal injury case, you will not have to pay back a dime. We offer 100 percent, risk-free car accident loans. No settlement, no payments. Period.

✔ Why Choose Ally Lawsuit Loans?

If you are ready to apply for pre-settlement car accident funding, it is imperative that you look for a reliable firm — you need a lawsuit lending company that provides fair and cost-effective automobile accident loans. At Ally Lawsuit Loans, we are leaders in the industry.

Ally Lawsuit Loans is committed to offering plaintiffs:

  • The lowest rate car accident loans — guaranteed;
  • A fair and transparent application process;
  • Clear and concise terms in our lending agreements;
  • Fast and efficient processing of your application; and
  • Friendly, 24/7 customer support services.

We understand that applying for lawsuit funding can be a confusing, even intimidating process.

Our friendly car accident loan specialists are always available, ready to help you get answers to all of your most pressing questions. We will work closely with you and your car accident lawyer to make sure that you are able to find the funding option that works best for your unique situation.

❓FAQ: Getting an Auto Accident Cash Advance

PRE-SETTLEMENT AUTO ACCIDENT LOAN FAQ

Are car accident loans a cash advance or a loan?

Pre-settlement loans for auto accidents are technically cash advances against your potential settlement. This means that whether or not you pay back the advance depends on the outcome of the settlement. If you don’t get a settlement, you do not have to pay back the advance. The word “loan” is simply a convenient way to refer to a car accident cash advance.


CAR ACCIDENT LOAN FAQ

How large are cash advances for car accident loans?

Currently, Ally Lawsuit Loans offers anywhere between $500 and $750,000 for pre-settlement loans for auto accidents.


PRE-SETTLEMENT AUTO ACCIDENT LOAN FAQ

When will I receive my car accident cash advance after I’m approved?

At Ally Lawsuit Loans, we’ll deliver you cash within 24 hours of funding approval.


PRE-SETTLEMENT CAR ACCIDENT LOAN FAQ

How will I receive my car accident cash advance?

Once we approve your car accident loan, we can transfer the loan to your bank account, mail a paper check, send an overnight FedEx check, or wire money through Western Union. We’ll do whichever you prefer.


PRE-SETTLEMENT CAR ACCIDENT LOAN FAQ

What are the rates for your automobile accident loans?

Instead of offering a specific rate, Ally Lawsuit Loans guarantees the lowest rate in the industry. 


PRE-SETTLEMENT AUTO ACCIDENT LOAN FAQ

How much is my car accident injury settlement worth?

When determining the value of your settlement, there are three main factors lenders consider: liability, damages, and insurance coverage. Typically, after our underwriters review your case for these factors, we’ll offer you around 10% of the value of your case.

Determining liability is the most complex part of the review. For example, the level of liability in a car accident varies between states. 

Injuries are also a major factor in the value of your case, because the amount of treatment you receive affects the amount of your settlement. Your settlement may be lower if you do not receive treatment for your injuries.

Lastly, insurance coverage helps establish the maximum amount of your settlement. In some states, you are limited to the policy amount of the at-fault driver. However, other states allow you to collect additional damages.


CAR ACCIDENT LOAN FAQ

Can a car accident cash advance help me get a larger settlement?

Many personal injury cases take months or even years to reach a settlement. The longer you give your attorney to litigate your case, the bigger your settlement offer could be. However, for car accident claims, this means you could end up waiting 2-3 years.

Insurance companies make the process as difficult as possible, offering low-settlement amounts to victims in exchange for quick settlements. They hope that victims will take the offer due to financial pressure.

A car accident loan from Ally Lawsuit Loans can help you take care of medical bills and legal fees so you can continue the fight against the insurance company without being strapped for cash.


PRE-SETTLEMENT CAR ACCIDENT LOAN FAQ

When should I consider getting a car accident settlement loan?

1. You are so injured you can’t work

If you don’t have serious injuries, auto accident loans are probably not for you. You should consider getting an auto accident loan if you are unable to afford food, rent, gas, and other basic needs because of your treatment. Applying for a car accident cash advance may help if you are so injured that you can no longer provide for your family.

2. Insurance companies are offering you a low settlement

Insurance companies always try to pay as little as possible for a settlement. They put out low settlement offers hoping that you will take them out of desperation. The longer you can make your case last, the more you convince the adjuster that you are serious about your claim. However, this can put a financial strain on you if you can’t work or don’t have enough money to continue your lawsuit. Car accident settlement loans can help pay for your attorney to continue the fight, often resulting in larger case value. This is especially useful in lawsuits that last more than one year.

3. You need quick cash that is risk-free

Getting a car accident loan is quick and easy compared to other types of lending. Since your credit score does not have an impact on your approval, you have a better chance of getting an auto accident loan. Car accident settlement loans are also risk-free. This means that you only pay the lender back if you win your case.

Apply For a Pre-Settlement Car Accident Loan Today

At Ally Lawsuit Loans, we are proud to offer the lowest rate lawsuit funding to auto accident victims. If you or your family member was injured in a car accident and you are waiting for a settlement, we are here to help you pay your bills. Our team has cut the red tape to make lawsuit funding as easy and hassle-free as possible.

We offer the lowest rate of lawsuit funding to auto accident victims. If you or your family member was injured in a car accident and you are waiting for a settlement, we are here to help you pay your bills. Our team has cut the red tape to make lawsuit funding as easy and hassle-free as possible.

To speak to a car accident loan specialist, please call us at (800) 760-0704 or apply for funding today.

Lawsuit Funding Company Reviews From the Web

Is a Lawsuit Loan Actually a Loan?

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No. What we offer is a non-recourse cash advance against your potential lawsuit settlement. Non-recourse means that if you "lose" your lawsuit, and you don't get a settlement, you have no obligation to repay us. This is the key difference between what we offer and what is traditionally thought of as a loan. Because repayment is not required if you lose your case, a non-recourse cash advance is typically considered by our clients to be far more appealing than a loan. We use the language "lawsuit loan" – as do most all companies like ours – because a non-recourse cash advance is a relatively new type of financing that not many people are familiar with. We know from market research that when folks are looking for what we offer – a cash advance on a pending lawsuit settlement – they most often think of it as a loan, and so that's what they search for. We want to make sure that these folks can find what they are looking for, which is why we often refer to what we provide as "lawsuit loans". Have more questions about what we do? Don't hesitate to reach out.

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Settlement Checks: How Long Can a Lawyer Hold Money in Escrow?

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Litigation can last for months or years, so you probably felt excitement when you finally reached a settlement. However, your settlement award may be harder to access than you imagined. For instance, some lawyers hold your settlement check for months, delaying your access to the cash you need. The settlement check process is one more hurdle you must overcome in resolving your claim. So how long can a lawyer hold money in escrow? We give you an overview of the settlement check process here. Four Steps to Getting a Settlement Check To get your settlement check, you must resolve these four matters. Signed Release Forms When you reach your settlement, you must sign a release form. This form is a legal document that states you will not pursue further legal action on the same claim. Expect to sign a release form for each defendant in your claim. Your lawyer will carefully review the terms of the release form before you sign, and you can request modifications if necessary. Delayed Payment State law should give the defendant a timeline for paying the settlement. Some defendants wait until the last moment allowed by state law to pay your settlement, causing delays in receiving the money you’re owed. Check Clearance When the defendant pays your settlement, the money goes to your lawyer, who holds it in an escrow account. The check may take up to a week to clear, and then the funds are available to pay debts. Once the check clears, your lawyer takes their fee from the funds and next pays other liens and lawsuit-related bills. Settlement Lien Payment During your lawsuit, parties may have placed liens on your settlement. A lien gives someone else the right to your property to pay a debt. For example, if you have unpaid medical bills, the hospital or doctor may place a lien on your settlement. Your lawyer will also use your settlement funds to pay expenses related to litigating your case, including: Expert witness fees,Private investigator fees, andMedical examinations.  Your lawyer can quickly pay most liens on your account once settlement funds are available. However, government liens, such as those from Medicaid, can take longer to resolve. After your money moves through these four steps in the settlement check process, your lawyer sends the remaining balance to you. Unfortunately, delays at each step can cause you to wait weeks or even months for access to your settlement funds.  Access Settlement Funds Faster If you need access to your settlement check sooner, Ally Lawsuit Loans can help. Ally Lawsuit Loans offers cash advances on your lawsuit settlement. You pay back the cash advance when you receive your settlement.  Here are some things you should know about Ally Lawsuit Loans: We offer the lowest rate guarantee in the industry; You pay nothing back if you lose your case; and You can qualify for a lawsuit loan within 24 hours. To find out more about getting a lawsuit loan or to start your application, contact Ally Lawsuit Loans. You shouldn’t have to stress while you wait for the slow settlement check process, so we’re here to make the wait easier.

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How Much Is Your Slip and Fall Claim Worth?

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A slip and fall injury may seem like a relatively minor injury to some. However, if you have a slip and fall, you know that this isn’t always the case. Slip and fall injuries come in just about every form. Traumatic brain injury (TBI), paralysis, whiplash, and broken bones are just a few possible slip and fall injuries. Such injuries can be quite costly. According to the CDC, unintentional injuries cost Americans more than $450 billion per year in medical and work loss costs. Of those costs, more than one-third are from fall-related injuries. That means that fall-related injuries cost Americans about $150 billion per year. No metric would consider that amount insignificant. Lawsuit Loans Help While the Legal Process Runs Its Course If you have a slip and fall injury caused by someone else’s negligence, you are entitled to recover damages. If you’re reading this, you likely plan on hiring a lawyer to file a lawsuit or have already done so. Settlements don’t happen overnight, but medical bills come quickly, and life won’t wait for your settlement payment.  If you’re filing a lawsuit and need financial assistance while you wait for your case to settle, a lawsuit loan is an excellent option. Ally Lawsuit Loans is an industry leader in pre-settlement funding. If you’re considering pre-settlement funding, you will want to know how much you should borrow. A good way to answer that question is to ask about typical slip and fall cases’ payouts. While each lawsuit is different, a few factors can help you estimate what your slip and fall claim is worth. Estimating the Worth of a Slip and Fall Claim To get a general idea of what your slip and fall claim is worth, the most important things to consider are the severity and type of injuries and damages. Generally, the more severe your injuries, the more your claim is worth. More costs bring a higher settlement. To illustrate what this may look like in practice, consider two hypothetical examples. Example One In the first example, consider you have a severe slip and fall accident. You hit your head, suffering a concussion, and break your ankle while falling. An ambulance takes you to the hospital. There, your ankle requires surgery and a three-day stay to monitor your potential brain injury. You miss work during that time. Once your hospital stay finishes, you can’t work for a month as you recover from your surgery. Furthermore, you need physical therapy for a few months to fully heal. Luckily, the concussion does not leave long-term effects. However, you see a brain injury specialist a couple of times to ensure that more serious problems are not lurking below the surface. Example Two Now, consider a less severe slip and fall accident. In this case, you slip on a wet spot at the supermarket and fracture your wrist. Your spouse drives you to your physician the next day so you can get an x-ray. You find out that you will need to wear a cast for a few weeks. You have to miss work during that time, but otherwise, you fully recover. Comparison These two examples are drastically different. As such, the settlement of their clams will also be drastically different. The first example requires surgery, emergency transport, a hospital stay, continuing care, and medical specialists. Such costs add up very quickly, so to fully recover damages, the claim’s settlement will be very high. Contrast this with the second example, where you saw a normal physician and missed work. While such medical bills are not insignificant and missed work requires compensation, the final settlement will be dramatically less than the first example. The best way to estimate your settlement amount is to add up all the injury’s various costs. Your Attorney Can Help You Estimate the Claim Amount Your attorney can help you estimate your final settlement amount. They know all the facts and circumstances of your case. With this information and their prior experience with similar cases, they can help you add up all your injury’s economic and non-economic costs to come up with an estimate of your final settlement amount. Considering a Lawsuit Loan? If you’re considering a lawsuit loan for a slip and fall claim, contact Ally Lawsuit Loans today. Our application process is quick and easy. Furthermore, we offer a lowest-rate guarantee and 24-hour application turnaround. Best of all, if your claim is not successful, you won’t owe us anything. You deserve an ally while you wait for your settlement, so contact Ally Lawsuit Loans today!

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