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.
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.
Apply today to get started with your auto accident lawsuit loan!
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:
- The severity of your injuries (the potential value of your case); and
- 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:
- 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.
- Put us in contact with your car accident attorney. When we talk to your attorney, we ask about details of your lawsuit including the potential outcome and determine if we can offer you a car accident cash advance with little risk.
- 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.
Are You Ready to Apply?
We offer 24-hour approval on structured settlement loan purchases. Then, we bring your structured settlement to the court for approval.
Auto 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 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. We are 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.
To get started with your car accident lawsuit loan, apply today!
FAQ: Getting an Auto Accident Cash Advance
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.
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.
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.
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.
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.
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.
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.
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 to hope 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.