Car Accident Lawsuit Loans

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 a decision 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.

Our company 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.


Frequently Asked Questions

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 funding 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

Pending Lawsuit Loans: 5 Facts That Most Lenders Don’t Want You to Know

| Read Time: 2 minutes

If you file a lawsuit, you may find yourself waiting several months or even years for an appropriate settlement. Unfortunately, this leaves many plaintiffs financially unstable, especially if a claim-related injury prevents them from working. When you find yourself in this situation, a cash advance on a pending lawsuit could help.  Pending settlement loans or pre-settlement loans help plaintiffs regain financial independence while they wait for a settlement.  However, many lawsuit loan companies who offer these loans aren’t upfront about the application process and the overall cost of a cash advance on a pending lawsuit. Here are five facts about pending lawsuit loans that other lenders don’t want you to know. #1: Pending Lawsuit Loans Are 10-20% of Your Case Value Typically, most lenders disburse a cash advance on a pending lawsuit equal to 10-20% of the settlement value. They determine this amount based on the severity of your injuries, the length of your case, and your own estimate. To get the best estimate, discuss the value of your potential settlement with your attorney before applying for a pending lawsuit loan. #2: Lenders Put High-Interest Rates on Pending Lawsuit Loans There are sharks in the lawsuit loan industry who charge upwards of 200% interest. Don’t select a lender that charges more than 1-3% monthly or 12-36% annually. Only take out a cash advance for a pending lawsuit that covers basic living expenses and necessities.  #3: Pending Lawsuit Loan Brokers Have Expensive Service Fees Always avoid working with brokers that deal with direct loan companies. These brokers usually add 15-20% to the cost of your pending lawsuit loan. They also send your case information to dozens of companies who may call your attorney without your consent. This unnecessarily diverts your attorney’s attention from your case. #4: Lenders Cannot Disburse Pending Lawsuit Loans Until They Review Case Documents from Your Attorney Make sure you collect the following case documents from your attorney prior to applying for a pending lawsuit loan: Medical reports;Police reports;A copy of your complaint; andYour demand letter. Most lenders request this information from your attorney when reviewing your application. To save time waiting for your cash advance on a pending lawsuit, prepare these documents before you apply for a pending lawsuit loan. #5: Attorneys Respond to Lenders Faster If You Talk to Your Attorney Before Applying Always give your attorney a heads-up before applying for a pending lawsuit loan. This helps them prepare documents requested by the lender. Since lenders cannot disburse your cash advance until they review your case, you should keep your attorney and your lender in sync. Related: Lawsuit Loans Without an Attorney Contact Ally Lawsuit Loans About Applying for a Pending Lawsuit Loan Today If you need a cash advance on a pending lawsuit to help with bills or living expenses, contact Ally Lawsuit Loans. We have the lowest interest rates in the industry and review applications within 24 hours. In addition, we work on a contingency fee basis, which means you repay nothing if you lose your case. To apply for a risk-free, low-interest rate pending lawsuit loan, call us today at 844-545-6246 or apply now.

Read More

How to Find the Best Lawsuit Loan Companies

| Read Time: 3 minutes

If you need financial stability while waiting to settle your lawsuit, you’re probably aware that there are several pre-settlement loan companies who want a portion in exchange for a cash advance. It is essential that you know how to separate the best pre-settlement loan companies from the deceptive ones. The lender you choose has an impact on the amount of money you receive from your settlement, so it’s very important to do research into potential lenders to make sure the company you choose is a good fit. Here’s how to find the best lawsuit loan companies for your case. Top 5 Questions to Ask a Lawsuit Loan Company While looking for the best lawsuit funding companies, it is important to ask each lender questions that help you gauge the potential cost of the loan. Asking these questions will help you choose the best lawsuit pre-settlement loan company. #1: How Do You Set Interest Rates on Pre-Settlement Loans? The best lawsuit loan companies determine interest rates on a case-by-case basis based on the strength of each case. Interest rates largely depend on the likelihood of your case resulting in a good settlement or verdict. Do not work with a pre-settlement funding company that charges the same interest rate for every customer. #2: What is the Interest Rate for My Pre-Settlement Cash Advance? When you get an offer for pre-settlement funding, a lender should tell you upfront what your interest rate is before you sign paperwork. The best lawsuit funding companies will usually give you an interest rate between 1-3% monthly. If a lender gives you a rate higher than 3%, consider looking for another offer. #3: What Are the Terms and Conditions of the Loan? Since filing for a lawsuit is very overwhelming, the terms and conditions of pre-settlement funding should be simple. The best settlement loan companies offer clear, concise terms and conditions for their loans. Never work with a lender that refuses to answer questions about the terms of your loan. #4: Will You Discuss My Funding Application With My Lawyer? Before you get a pre-settlement loan, you need to be represented by a lawyer and have a lawsuit filed on your behalf. The best lawsuit loan companies will always ask to speak to your lawyer about your case when you apply for funding. Your lawyer gives the lender information about your case to assist in case evaluation and underwriting. #5: How Quickly Will I Get My Pre-Settlement Cash Advance? Since reputable settlement loan companies don’t require a credit or background check, most lenders transfer money to you within 24 hours of approval. Best Lawsuit Loan Companies Below is a list of the top 10 settlement loan companies to compare when shopping around for lawsuit funding. Make sure to consider all of your options. Ally Lawsuit LoansPeachtree Financial SolutionsOasis Legal FinanceThe Legal Funding GroupBuckeye Legal FundingPrime Case FundingMomentum FundingFair Rate FundingCase CashCherokee Funding Why You Should Choose Ally Lawsuit Loans If you are trying to find the best lawsuit loan companies, consider funding from Ally Lawsuit Loans. At Ally Lawsuit Loans, we understand how difficult it is to maintain financial stability during a lawsuit. We provide legal funding for those waiting on their settlement for cases ranging from personal injury to workers’ compensation. Lowest Rates Guaranteed No matter what type of case you have, we guarantee the lowest rate in the industry. If you find a low-interest rate while searching for the best pre-settlement loan companies, we will beat it. Risk-Free Our loans are 100% risk-free. That means if you don’t win your case or get a settlement, you pay us nothing. Quick and Easy Application Assuming your case is a good fit, we send you a cash advance within 24 hours of application approval. Contact a Reputable Settlement Loan Company Today If you need a risk-free, low-interest rate loan to keep your head above water while waiting for a settlement, give Ally Lawsuit Loans a call today at 844-545-6246 or apply now. We offer the lowest interest rates in the industry and provide cash advances within 24 hours of approval.

Read More

How to Find the Best Lawsuit Funding Rates

| Read Time: 3 minutes

If you need pre-settlement funding for your lawsuit, it is essential to shop around for the best lawsuit funding rates. Many legal funding companies offer pre or post-settlement loans and cash advances to plaintiffs in exchange for a portion of their settlement. In many cases, lawsuit loans help people avoid financial difficulties like foreclosure, eviction, utility shut off, bankruptcy, and debt collection. However, since pre-settlement loans often cost more than a personal loan from a bank, you should make sure to get the best pre-settlement funding interest rates. What Are Typical Lawsuit Funding Rates? Lawsuit funding rates depend on the value of your case and the amount of risk associated with it. Since lending money towards a legal settlement is very high, interest rates are usually higher than a personal loan. The return for lawsuit loan lenders is contingent on you winning your case, so there’s a chance that they lose their money. For example, if you pay back a $5,000 lawsuit loan with a monthly interest rate of 3% in six months, the lawsuit loan lender gets $5,900 from your settlement. However, they do not get a full $900 return. Most lenders have a loss of 8-10% in addition to the money they pay to borrow capital. In the case of the $5,000 loan above, the lender has $300 in costs and $472 in losses. This means that it costs the lender $5,772 to give you the loan. Once you pay back the loan with interest, they only make $128. For this reason, most pre-settlement funding interest rates are 1-5% monthly. How Much Will My Funding Cost? The cost of your funding depends on the value of your case and how much funding you need. These two factors help a lender determine their lawsuit funding rates. If your case carries high risk, you may have a higher interest rate. Are There Any Hidden Fees or Rates? At Ally Lawsuit Loans, there are no hidden fees or rates. However, other lawsuit loan lenders may charge additional processing fees for their cash advances. Make sure to ask about potential fees when shopping around for the lowest pre-settlement funding rates. How to Get the Best Lawsuit Loan Interest Rate If you want to get the best lawsuit funding rates, you should find a reputable lawsuit loan company that answers your questions upfront. Here are some ways you can ensure you get the best rate. Ask the Lender What Their Pre-Settlement Interest Rates Are It is important to ask every lender what their rates are over the phone or through email. Advertisements provide a range of rates because the rate often depends on the case. Get Lawsuit Funding Rates in Writing When a lender offers you a rate, always ask for the quoted rate in writing. This will help you shop around for the best interest rate and prevent deceitful lenders from making a false claim on their pre-settlement funding rates. Get Funding Through Ally Lawsuit Loans Today At Ally Lawsuit Loans, we make the lawsuit loan application process easy. Whether you suffer from a personal injury or are fighting for workers’ compensation, we are here to help you maintain financial stability. We offer the lowest pre-settlement funding interest rates in the industry guaranteed. Most importantly, our funding is risk-free. If you do not win your case, you do not need to pay us back.  If you want the best lawsuit funding rates, apply now or give us a call at 844-545-6246 to get started. We approve applications for funding within 24 hours. Reviews of Lawsuit Funding Companies Find the best reviews from around the web of lawsuit loan companies and hear what others have to say about their experience with some lawsuit companies. We have taken an approach to gather some of the best reviews for some lawsuit companies out there.

Read More