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.

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:

  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 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.
  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.

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.

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

Can an Auto Accident Passenger Apply for a Lawsuit Loan?

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If you were in a car accident as a passenger and did not cause the accident, you are entitled to compensation for the damages you suffered. Your medical bills, any lost wages, and physical pain and anguish are all recoverable damages after a car accident. All you have to do is seek the right compensation from the right party. Sometimes you can recover the entirety of the damages you are owed by filing a claim with the responsible party’s insurance provider. However, this is not always the case. You may need to file a lawsuit to fully recover the damages you suffered. Insurance policies cover only so much. If your damages exceed the responsible party’s insurance limits, you probably need to file a car accident passenger lawsuit to recover those damages. Lawsuits Can Take a Long Time: A Lawsuit Loan Can Help You Weather the Storm Lawsuits aren’t typically resolved overnight. If you are struggling financially due to the extra expenses of the accident, this can pose a major problem. Knowing that individual plaintiffs often face financial struggles, powerful parties—including insurance companies—sometimes try to exploit those struggles. They do so by making settlement offers that don’t fully compensate you for your total damages. When they do this, they are betting that you are in such a desperate financial situation that you will accept any offer they make.  With a car accident lawsuit loan in your pocket, however, you can weather the financial storm. You can take care of your immediate financial needs and hold out for the best possible offer. That way, you get—as a passenger in a car accident—the compensation you deserve. We at Ally Lawsuit Loans offer some of the best car accident lawsuit loans in the industry. At Ally, we want you to have the information you need to make an informed decision, so we put together this quick guide to help you decide whether a car accident passenger lawsuit loan is right for you. Requirements Anybody who applies for a loan has to meet certain criteria. The same applies to lawsuit loans. Lawsuit loans, including those for car accident passengers, have different requirements from other loans like car leases and mortgages. For those more traditional loans, you need to show that you can pay the loan back by proving your income, total assets, etc. In contrast, the requirements for applying for a lawsuit loan are much simpler. To qualify for pre-settlement funding with Ally Lawsuit Loans, all you have to do is submit one simple application. We don’t ask for your employment or credit history because this information is irrelevant for our purposes. Instead, aside from your contact information and your attorney’s name, you need to show us just two things on your application: You currently have an attorney working on your behalf andYour lawyer has, at the time of your application, filed a lawsuit in court. That’s it. All you have to do is prove to us that you are currently filing a car accident lawsuit against the responsible party with the help of your attorney.  When we review your application, we will contact your attorney, verify the details of your case, and gather more information. To decide whether we can give you a loan, we look at your case’s chances of success. We use this information, along with the total damages sought in your case, to determine how much we can loan you. A lawsuit loan can never exceed the maximum potential award.  How Do Car Accident Lawsuit Loans Work? Now that you know how to apply for a lawsuit loan and how it can benefit your claim, we need to go over how these loans work. Unlike a traditional loan, taking out a lawsuit loan is a relatively risk-free proposition. Let us explain why. Recourse versus Non-Recourse Loans We can set lawsuit loans apart from other, more traditional types of loans by explaining the difference between recourse and non-recourse loans. Recourse loans are the types of loans we noted above: mortgages, medical loans, and automobile leases. When someone defaults on a recourse loan, the lender can seek repayment by seizing or otherwise repossessing almost any of their assets. That’s because with a recourse loan the collateral is the entirety of a person’s wealth. The same is not true when it comes to lawsuit loans, which are a form of non-recourse loans. Unlike recourse loan agreements, non-recourse loan agreements lay out specific items or assets as collateral. In the event of a default, the lender can seek repayment only through those specified assets. With a lawsuit loan, the specific item of collateral is the lawsuit’s eventual settlement or jury award. That means that if you lose or fail to settle your case out of court, the collateral ceases to exist.  Thus, the practical result is that if you lose your case or fail to settle it out of court, you won’t have to repay your lender. This is why lawsuit loans are relatively risk-free. Apply Today with Ally Lawsuit Loans If you want to take care of your immediate financial needs and press on with your case until you get the settlement you deserve, get in touch with us at Ally Lawsuit Loans today. At Ally, we pride ourselves on being one of the nation’s leading pre-settlement funding providers. There are a lot of lenders out there, and shopping for a loan is a daunting task. Even after filling out multiple loan applications, you will have to go through any proposed loan agreement with a fine-toothed comb. Unfortunately, not all pre-settlement funding companies are straightforward about their services. It is not uncommon for a borrower to discover hidden fees and exorbitant interest rates after they sign the loan agreement. At that point, the damage is done. If you want to skip the hassle of shopping around for a lawsuit loan, Ally has you covered. We offer the lowest interest rate in the industry, guaranteed. So if you see a better deal, we’ll match it. […]

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Do You Need Documentation for a Lawsuit Loan?

| Read Time: 4 minutes

If you find yourself on this page, you’re probably considering taking out a loan. It’s a big financial decision—one that you should not take lightly. It helps to know the ins and outs of loans in general before making a decision. You’re already aware that Ally can provide you with a lawsuit loan. Still, you may wonder, What exactly is a lawsuit loan? How do they differ from other loans? Furthermore, what sort of loan documentation will I need to take out a lawsuit loan? These are all good questions to ask before taking out a lawsuit loan. If you have any of these questions, this guide is a good place to start. Here, we will explain lawsuit loans in general, how they differ from other sorts of loans, and how you can apply for one today.  Differentiating Between Recourse and Non-Recourse Loans To understand the difference between typical loans and lawsuit loans, let’s split loans into two categories: Recourse loans andNon-recourse loans. To qualify for either of these loans, you have to show different forms of loan documentation. When we talk about recourse loans, we are discussing typical loans—things like mortgages, automobile leases, and even payday loans. Conversely, when we talk about non-recourse loans, we are usually referring to lawsuit loans specifically.  What Exactly Is Different About the Two Types of Loans? We can identify two basic differences between recourse and non-recourse loans. The first difference is how they address questions of default and collateral. When someone defaults on a recourse loan, the lender can seek repayment of the loan by whatever financial means are necessary. The entirety of your assets is the collateral in this situation. This means that if you default on a recourse loan, your lender can repossess your home, seize assets like automobiles, jewelry, or investment products, and even garnish your wages until the debt is paid off. Non-recourse loans—including lawsuit loans—are fundamentally different. Non-recourse loan agreements lay out specific items of collateral. Whatever the parties agree to, that’s the collateral—no more, no less. With a lawsuit loan, the collateral in question is your eventual settlement check. The most notable practical implication of this feature is that if you lose your case or fail to settle out of court, there is no collateral because it no longer exists. Thus, if you find yourself in this situation, you won’t have to repay your lender a single cent. The second difference lies in the documents you need to submit to qualify for the loan in question. We will cover both so that you can make the most informed decision on what is best for your specific situation. Recourse Loans: What Documents Do You Need to Apply for a Loan? Regardless of whether it is a recourse or a non-recourse loan, loan documentation serves the same purpose: it shows the lender that you can pay back the money they lend you. With that said, recourse loans typically require much more loan documentation than non-recourse loans, including things like employment verification, income verification, and a breakdown of all assets and liabilities. The more money you want to borrow, the more documentation you need to provide to the lender.  Non-Recourse Legal Funding: What Documents Do You Need for a Loan? Qualifying for non-recourse legal funding requires significantly less documentation than qualifying for a typical recourse loan. Usually, you need to provide documentation that verifies just two things: That you do have a lawyer andThat lawyer is currently representing you in a civil claim. Basically, on your loan application, you include your own personal information, a bit of information about the case, and your lawyer’s contact information. Then, we at Ally Lawsuit Loans get in contact with your lawyer. We verify that they are currently representing you, and we seek additional information about the case.  The additional information we seek from your attorney typically includes your case’s chances of success and an estimate of your settlement’s value. Thus, at the end of the day, the only documentation you need to submit to secure a lawsuit loan is the information requested on your application. There is no additional documentation necessary. Ally Lawsuit Loans Offers What Others Lenders Don’t Once you have decided to take out a lawsuit loan, you need to find the right lender. Shopping for lawsuit loans, however, is a pain. On top of the multiple applications that you will need to submit, you will have to review the loan offers as they arrive. Loan agreements are notoriously dense legal documents, so parsing through them takes time and it’s easy to miss minor details. Those seemingly minor details often include hidden fees and interest rates, which, at the end of the day, could cost you a lot of money. Luckily, you don’t have to shop around. At Ally Lawsuit Loans, we offer pre-settlement funding to all our clients with this promise: Never pay us anything if you lose your case,Application approval within 24 hours, andThe lowest interest rate in the industry guaranteed. With our three-part promise backing your lawsuit loan, you don’t need to worry about finding a better deal elsewhere. Furthermore, you don’t have to worry about hidden fees and interest rates. Our loan agreements are always clear and straightforward. If you have any questions or are ready to get started, get in touch with Ally Lawsuit Loans today!

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Jones Act Lawsuit Loans

| Read Time: 4 minutes

If you are filing a lawsuit under the Jones Act, first of all, good for you. Your effort to stick up for your rights will help not only yourself but also others. A lawsuit can go a long way toward dissuading powerful parties from steamrolling the rights of everyday citizens. As lawsuits run their course, plaintiffs can all too easily find themselves in a financial bind. If you’re filing a lawsuit, you not only have to pay the extra expenses related to your legal action, you also have to keep up with your normal household expenses. Couple this with the fact that it is impossible to predict when your case will settle, and you can see how some seemingly minor financial issues can spiral into major ones. Luckily, there is a way to bridge the financial gap between now and when your lawsuit eventually settles: a lawsuit loan from Ally Lawsuit Loans. At Ally, we offer financing in many different civil claims, including those made under the Jones Act. For plaintiffs, lawsuit loans can take a seemingly out-of-control financial situation and make it manageable. What Does the Jones Act Do? The Jones Act is the common name given to the Merchant Marine Act of 1920. The law established certain regulations surrounding the maritime shipping industry in the United States. Aside from the individual protections that the Jones Act provides, which we will cover below, it contains many other provisions. Notably, the Jones Act requires ships that move goods between U.S. ports to be owned, built, and operated by permanent U.S. residents or U.S. citizens. For our purposes, however, we’ll focus on the protections the Jones Act provides to covered individuals.   What Individual Protections Does the Jones Act Offer? The individual protections contained in the Jones Act apply to seamen. Seamen, for the purposes of the Jones Act, are individuals who are actively engaged in employment on a ship covered by the Act.  The Jones Act extends the protections in the Federal Employers Liability Act to all workers covered by the Act. In addition, the Jones Act gives employees the right to file a personal injury lawsuit against their employers. Thus, if you are hurt while working as a seaman covered under the Act, you can sue for damages as you would with any other employer. How Much Are Typical Jones Act Lawsuit Settlements Worth? As with any personal injury claim, there is no real average amount that we can point to when it comes to Jones Act lawsuit settlements. Since every injury is different, the value of a given claim depends entirely on that claim’s specific facts and circumstances. The best you can do to estimate the value of your claim on your own is to add up all the economic damages you suffered. Essentially, this amount includes any extra monetary expenses you faced as a result of the injury. That will give you a starting point, but there’s a lot more that goes into determining a settlement amount than your extra expenses. In particular, non-economic damages come into play. The only effective way to get an accurate estimate of your claim’s value is with the help of your attorney. How Do Jones Act Lawsuit Loans Help Me Get a Better Settlement? A lawsuit loan from Ally can help, not only by alleviating immediate financial pressure but also by helping you get a better settlement. How does this happen?  At a basic level, having a lawsuit loan in your pocket is an asset in negotiations. Powerful parties often come to the negotiating table with repeated lowball offers. The bet they make is that you’re in a tough spot financially and need money now. Because you need money now, you’re more likely to accept a lowball offer. But, at the end of the day, the lowball offer doesn’t get you where you need to go.  With a lawsuit loan in your pocket, you have the time to let the defending party make all the bogus settlement offers it wants. You don’t need to accept them because your immediate finances are taken care of. Eventually, the defendant will come to their senses, realize you won’t accept anything less than what you are entitled to, and start negotiating in good faith. That’s just one way a lawsuit loan helps you get the most out of your settlement. How Do I Qualify For Jones Act Lawsuit Funding? Qualifying for Jones Act lawsuit funding through Ally Lawsuit Loans is a quick, straightforward process. All you have to do to get started is fill out one simple application. But before you fill out the application, you need to have an attorney representing you in an ongoing Jones Act civil claim. That’s our only requirement. Our application asks you for your personal information, a little bit of information about your claim, and your attorney’s contact information. We get in touch with your attorney to verify all the details and learn a bit more about your case. We use this information to determine: Whether we can offer you a loan,How much we can offer, andAt what rate we can loan you the money. That’s it. Once you fill out your application, we get back to you within 24 hours. From there, you’ll have legal financing in as little as 24 more hours. The Ally Lawsuit Loan Difference There are a lot of lawsuit lenders and pre-settlement funding companies out there today. Our industry is growing. But that makes it harder for you to find the right loan. You have to fill out multiple applications and review numerous potential loan agreements to find the best interest rate. If you go with Ally Lawsuit Loans right off the bat, however, you can save yourself time, money, and effort.  Nevermind the other applications, Ally Lawsuit Loans offers a unique, three-part promise to all our clients: Qualify for your loan within 24 hours,Get the guaranteed lowest interest rate in the industry; andRepay nothing if you lose. With this guarantee backing your lawsuit […]

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