Pre-Settlement Funding FAQ

pre settlement funding

At Ally Lawsuit Loans, we are committed to offering plaintiffs better, faster, and more affordable pre-settlement funding.

If you are waiting for your personal injury settlement, your workers’ compensation payments, or the resolution of any other lawsuit, we have immediate pre-settlement lawsuit funding options available.

Here, our lawsuit funding specialists answer some of the frequently asked questions we receive about pre-settlement lawsuit financing.  

PRE-SETTLEMENT FUNDING FAQ

Will I Be Able to Qualify for Lawsuit Funding?

Your eligibility for a pre-settlement lawsuit loan will depend on a number of different factors; most notably, the value of your legal case and the likelihood that liability will be established.

The more likely you are to win your case, the more likely your lawsuit loan application will be approved.

To be clear, your credit score and your personal financial situation do not matter.

They will not be considered. Further, our company will not deny settlement funding because of debts that are unrelated to your case or other adverse financial information in your past.

Every application for lawsuit funding will be reviewed and assessed on a case-by-case basis.

If you were injured in an accident and you are bringing a claim against another party, there is a good chance that you will qualify for some level of pre-settlement funding.

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How Long Does it Take to Get Funding?

Our team is committed to helping clients get lawsuit loans as fast as possible. When approved, you will receive your lawsuit funds in as little as 24 hours.

PRE-SETTLEMENT FUNDING FAQ

How long will it actually take to get approval?

The length of time will vary based on several different factors.

In general, the most important variable is how long it takes us to get all of the relevant documents and records from your personal injury attorney.

The faster your attorney can supply our company with the information that we need, the sooner you will get your pre-settlement lawsuit loan.

This means that you can expedite the process by working with your lawyer to get us the information more quickly.

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OUR LOWEST RATES: SETTLEMENT FUNDING

Find Out Why Ally Lawsuit Loans Offers the Best Rates in the Industry

How much will the interest rate be? It depends on the specific nature of your case. It is important to remember that we offer no-risk lawsuit funding.


Click here to read about Ally Lawsuits rates


Will My Personal Injury Attorney Be Involved?

Yes. Your personal injury lawyer will be directly involved in obtaining this loan.

Not only will your lawyer need to submit some key information to our company, but your legal representative will also likely be required to sign a document called an ‘Acknowledgement by Counsel’ form that ensures that you fully understand the terms of the lawsuit funding agreement.

We strongly recommend that you consult with your lawyer before signing any agreement with any lawsuit funding company.

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PRE-SETTLEMENT FUNDING FAQ

How Much Funding Will I Receive?

How much money you will be eligible to receive in pre-settlement funding depends entirely on the severity of your injuries and the strength of your legal case.

As a broad rule, settlement funding companies will offer lawsuit funding that is worth somewhere between ten and twenty percent of the value of the underlying cause.

That being said, regardless of how much you are qualified to receive, we strongly recommend that you only take what you actually need. Lawsuit funding is not free.

While Ally Lawsuit Loans offers funding at the lowest interest rate — 100 percent guaranteed — we do not want you to pay any more than is necessary.

We simply want you to get the funds that you need to pay your medical bills, cover your living expenses, and support your family while you await your settlement.

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PRE-SETTLEMENT FUNDING FAQ

What are Your Pre-Settlement Loan Rates?

Pre-settlement lawsuit funding can be complicated. Unfortunately, there are some companies that offer this type of funding at high rates or with hidden fees.

We are committed to providing plaintiffs with pre-settlement lawsuit funding at the lowest interest rate.

The specific rate will always vary depending on the nature of your case.

The stronger the underlying cause, the lower the financial risk for our company.

We pass those savings on to our clients. That is what separates us from other companies. If you were seriously injured and you have a very strong personal injury case, we can offer you a lower interest rate.

Remember, interest rate matters. As noted by the National Endowment for Financial Education (NEFE), compound interest can add up quickly.

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What Happens If I Lose My Case?

Unless your case has already been settled and you are simply waiting for the insurance company to process the check — meaning you might need post-settlement funding — there is some level of risk involved with bringing a legal claim.

If you are considering applying for lawsuit funding, you may be concerned that you will get stuck with the bill if you do not win your case.

Do not worry. At Ally Lawsuit Loans, we offer clients risk-free funding.

A lawsuit settlement loan is what is known as a non-recourse loan.

As explained by the Internal Revenue Service (IRS), non-recourse debt is one that does not grant the lender the right “to pursue anything other than the collateral.”

In other words, when we offer to fund, we are purchasing a percentage of your future value in your case.

If that case turns out not to be worth anything — because the case was lost — then you do not have to pay back anything.

No strings attached.

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How Do I Choose a Lawsuit Funding Company?

Picking the right legal financing company can be challenging.

There is a seemingly never-ending list of options available.

You need to find a reliable lawsuit funding company that will provide pre-settlement loans at the lowest rates and under fair terms.

At Ally Lawsuit Loans, our company has your back when you need it most.

We offer:

  • The lowest interest rates — guaranteed;
  • No hidden fees or disguised costs;
  • Clear and concise terms;
  • A fast and easy to understand application process; and
  • Top-rated customer support services.
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Get Help From Our Pre-Settlement Lawsuit Funding Specialists Today

At Ally Lawsuit Loans, our lawsuit funding specialists are standing by, ready to help you get access to the financial support that you need to pay your bills.

We make applying for pre-settlement funding a breeze.

To learn more about your options for a lawsuit loan, please do not hesitate to contact us or call (800) 760-0704 today. 

Fire Lawsuit Loans

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There are few things scarier than being trapped in a fire. Whether it happens at work or at home, a fire can cause serious injuries as well as property damage. If you are injured in a fire caused by another, you may be in the process of a lawsuit to begin rebuilding your life. You may also be wondering how you will be able to make ends meet when the medical bills are piling up and you are still waiting on an injury settlement. If this is the case, you may qualify for a fire lawsuit loan.  Fire Statistics More than 25% of fires occur in homes or rental properties. Sadly, nearly 80% of fire deaths and three-quarters of fire injuries are caused by these fires. In addition, structure fires not related to wildfires cause over $10 billion in property damage every year. Whether it’s your house or other personal belongings, the losses that fires cause can be catastrophic. What Is a Fire Lawsuit Loan? Burn recovery can be painful and expensive. You will likely quickly accrue medical costs, which will continue for weeks or even months. Paying the bills may get difficult if you are unable to work. But that’s just the beginning. Fire injury lawsuits, like any personal injury claim, cost money. Although you expect to receive a settlement or jury award, waiting for those funds to materialize may mean that you are forced to cover medical treatment, property repairs, and other expenses by yourself. That’s where a premise liability settlement loan can help. When Do I Need a Loan? Lawsuit loans are primarily used to help plaintiffs cover expenses in the interim between filing their claim and receiving a settlement. This takes time. And the more damage you have, the longer a settlement may take. Insurance companies will want to take their sweet time verifying liability and damage amounts to avoid paying big settlements as much as possible. In the meantime, you are beginning property repairs and medical treatments. This is especially stressful if you are unable to work. How Can a Fire Lawsuit Loan Help Me? A settlement loan can help you cover your ongoing expenses while you wait for a settlement. If for some reason you don’t win your case, you won’t have to worry about paying back the loan. Lawsuit loans can get you cash quickly so that you can pay your bills and begin repair work while the insurance companies hash it out. All you need to do is fill out an application with your claim information. The legal loan company will then work with your attorney to verify how much financial support you may need. If you are approved, you can expect cash in just a few days. Call Ally Lawsuit Loans for a Premise Liability Lawsuit Loan Today! Have you been injured in a fire and don’t know what to do next? Ally Lawsuit Loans may be able to help. We provide loans for personal injury and class-action lawsuits, including those for burn victims. To learn more about the process visit our loans FAQ page or call us at 213-418-1736.

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Uber Car Accident Loan

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Ridesharing services have experienced a meteoric rise in popularity over the past five years. By some estimates, there are 2.5 million Uber drivers in the U.S. alone. Due to their convenience and flexibility, Uber and other ridesharing apps have largely displaced taxis as the go-to for people who need rides in 2020. With more and more drivers on the road, however, there has been a corresponding increase in the number of car accidents for Uber drivers and their passengers.  Thankfully for passengers, Uber covers their drivers for third-party liability, including liability for passenger injuries, up to $1,000,0000. With this sort of liability coverage, passengers can rest assured that they will recover damages they sustain in the event of an accident. Depending on the accident circumstances, however, the process of recovering damages can take quite some time. That’s why Ally Lawsuit Loans is happy to offer Uber accident lawsuit loans to individuals who suffer damage in an accident with an Uber. Ally Lawsuit Loans has you covered as you wait for your Uber settlement payout. What Is a Lawsuit Loan? A lawsuit loan is a type of pre-settlement funding accessible to individuals filing a lawsuit but whose claim has not yet been resolved. Unlike with traditional loans, a lawsuit loan borrower does not always need to pay back their lender. If a lawsuit claim is not successful, the borrower of a lawsuit loan pays nothing back. A lawsuit loan can make a world of difference for someone who wants to continue to fight for their rights but needs to make ends meet in the meantime.  How Can a Lawsuit Loan Help Me? If you file an Uber accident lawsuit, a lawsuit loan could make a world of difference. Even though Uber has the $1,000,000 insurance policy, they don’t always want to cover damages fully. Because of this, they may initially make a low-ball offer after you file a claim with them. This is standard practice, unfortunately. But what if their initial offer doesn’t even cover your medical expenses? In such a situation, the right thing to do is decline the offer and fight for your rights.  Things aren’t always so simple, however. You may already have found yourself in dire financial straits, so any settlement, even one that doesn’t fully cover damages, can seem appealing. After all, when bills are due, they are due. On top of that, you don’t know what direction the claims process will take you or how long it will take, which can make any settlement offer seem appealing. So you find yourself in a lose-lose situation: take the settlement that doesn’t fully compensate you so you can pay bills today, or decline the settlement offer and be unable to pay your bills for now. With a lawsuit loan, you won’t have to make such a decision. With a lawsuit loan, you’ll have the ability to pay your bills while the claims process takes its course and ensure you are fighting to get the maximum compensation you deserve. Contact Ally Lawsuit Loans Today! If you need help making ends meet financially while waiting for your Uber accident settlement, give us a call at Ally Lawsuit Loans today. We offer a guarantee of the lowest interest rate in the industry. We will process your application in just 24 hours, so you don’t have to worry about staying afloat financially while waiting for your Uber accident settlement payout. Best of all, if your claim isn’t successful, you won’t owe us a dime. Call us today!

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Hernia Mesh Lawsuit Cash Advance

| Read Time: 2 minutes

Injuries caused by a defective hernia mesh device can seriously disrupt a person’s life. Between emotional trauma, medical costs, and missing work to recover from the injury, the physical, economic, and mental toll defective hernia mesh can take on anyone quickly compounds. Still, bills need to be paid and food needs to be on the table regardless of where in the claims process someone is. This, coupled with the fact that the claims process can be unpredictable in terms of length of time from claim filing to settlement payout, can make a bad situation even worse. Lawsuit loans help everyday people bridge the financial gap and make ends meet while the hernia mesh settlement process takes its course. If you are waiting for a hernia mesh injury claim settlement, Ally Lawsuit Loans guarantees the best rates in the pre-settlement funding industry and is here to help! How Does a Lawsuit Loan Work? A lawsuit loan is a form of pre-settlement funding that differs from a traditional loan. Whereas a traditional loan is secured by a borrowers’ assets as a whole, a lawsuit loan, sometimes referred to as a type of non-recourse loan, is secured only by a future claim’s settlement. If no settlement occurs or a lawsuit fails, the borrower does not have to pay the lender back, and the lender has no recourse.  For this reason, a hernia mesh lawsuit loan can be very helpful to someone who is waiting for settlement of their hernia mesh claim and needs a bit of help to make financial ends meet in the meantime. Experiencing a financial struggle during such a time is not uncommon as the medical costs of treating a hernia mesh injury are significant. Furthermore, recovery from such an injury can severely disrupt a person’s ability to earn income.  Who Is Eligible for a Hernia Mesh Lawsuit Loan? If you have a lawyer representing you in a claim involving a hernia mesh injury, you are eligible for a hernia mesh lawsuit loan through Ally Lawsuit Loans. Additionally, if you are a member of the represented class in a hernia mesh injury class action lawsuit, you are likely eligible for a lawsuit loan through Ally Lawsuit Loans. All you have to do is submit your application with proof that you have counsel representing your individual or class action claim, and we’ll take care of the rest. Are You Waiting for a Hernia Mesh Injury Settlement? If you are waiting for a hernia mesh injury settlement and need immediate financial assistance, contact Ally Lawsuit Loans today! We are proud to offer the lowest rate in the industry, guaranteed, and 24-hour application processing. On top of that, if you don’t win your claim, you won’t owe us a dime. We want you to fight for your rights, and we want you to have financial peace of mind while you do so, so call us today!

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