Pre-Settlement Funding FAQ

Your Most Pressing Questions About Pre-Settlement Loans Answered

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 funding options available.

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

Pre-Settlement Loan Questions Answered Here

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. 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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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 case.

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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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 case, 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), a 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 funding, we are purchasing a percentage of your future value 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 today. 

Lawsuit Loans in Houston, TX

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The Texas Department of State Health Services reports that Texans collectively make millions of emergency room visits each year. As anyone who is familiar with healthcare costs knows well, a serious accident can leave an injured victim with stacks of medical bills along with many other expenses. Through a personal injury claim, much needed financial compensation may be available.   Of course, the legal process often moves slowly — sometimes frustratingly so. Waiting for a settlement could put serious financial strain on your family. Lawsuit loans offer an answer. At Ally Lawsuit Loans, we offer the lowest rate pre-settlement lawsuit loans in Houston, TX. If you need a lawsuit cash advance in Houston, contact us for immediate assistance.  What is a Lawsuit Loan and How Does it Work? A Cash Advance on the Expected Value on Your Lawsuit A lawsuit loan is not technically a loan at all — it is a non recourse cash advance that is supported solely by the future value of a legal case. In other words, in obtaining a lawsuit loan, you are trading part of your settlement or trial verdict in exchange for cash today. If you lose your case, you are not obligated to repay anything.  Eligibility is Based on Your Case — Not Your Credit History  Whether or not you are eligible for a lawsuit loan in Houston will be based on the strength and projected value of your lawsuit. This is why a lawsuit cash advance cannot be processed until the lending company gets important documents from your attorney. Eligibility does not depend on your financial background or your credit history.   Make Sure You Find the Lowest Available Rates Lawsuit loans do not come with monthly payments. Further, should you lose your case, you are not required to pay back the proceeds. There is no risk. Of course, that does not mean that costs are irrelevant. You should always look for a Houston lawsuit lending company that offers the lowest rates. Beyond that, we recommend that you only take out what you need to support yourself and your family. If you are approved for a higher amount, you do not need to accept all of it — you can always come back for a second lawsuit loan should your case take even longer than expected.  Pre-Settlement Lawsuit Loans We Offer in Houston, TX At Ally Lawsuit Loans, we fund a wide range of different types of legal cases. If you are expecting to recover financial compensation through a legal settlement or through a lawsuit, you may be qualified for an immediate cash advance. Some of the specific types of cases that we frequently offer lawsuit loans for in Houston, TX include:   Personal injury lawsuit loans;Car accident lawsuit loans; Premises liability lawsuits; Medical malpractice lawsuits;Product liability claims; Defective medical device claims; andEmployment law claims, including wrongful termination lawsuits.  If you have questions or concerns about whether or not you are eligible to get a cash advance for your Texas lawsuit, we encourage to give us a call right away. Our Houston, TX legal funding specialists will be more than happy to review your case and help you understand your options for a lawsuit loan.    Why Choose Ally Lawsuit Loans for Pre-Settlement Funding in Houston, TX Are you applying for a lawsuit cash advance in Houston, TX? Work with the region’s preferred lawsuit lending company. At Ally Lawsuit Loans, we are dedicated to providing plaintiffs (our clients) with the best services in the industry. Specifically, our Houston, TX pre-settlement funding specialists will:  Get you access to the lowest rate lawsuit loans in Houston — guaranteed;Process your application efficiently, with approval taking as little as 24 hours; andProvide complete fairness and transparency — with no confusing terms or hidden fees.  Finally, we believe in treating our client right. Our customer support team will make sure that you understand exactly what is happening during every step of the application process. If you have questions about lawsuit funding in Southeast Texas, we are always here to provide reliable support.  Apply for a Lawsuit Loan in Houston, Texas  At Ally Lawsuit Loans, we are committed to providing the lowest interest rate lawsuit loans and pre-settlement funding to clients. If you need immediate funding to support you while your legal claim is still pending, we are here to help. Contact us today to apply for a lawsuit loan. We serve plaintiffs in Houston and throughout the surrounding communities, including in Harris County, Galveston County, Montgomery County, Liberty County, Fort Bend County, and Chambers County. 

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Slip and Fall Pre-Settlement Funding

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Slip and falls are among the most common types of accidents reported in the United States. Indeed, the National Floor Safety Institute (NFSI)published findings indicating that more than one million Americans seek emergency medical attention for slip and fall accident injuries each year.  If you were injured in a slip and fall accident that happened because of the negligence of a business or a property owner, you may be entitled to recover financial compensation through a lawsuit. Unfortunately, even if you have a winning case, it can take quite a long time to get a slip and fall accident settlement.  At Ally Lawsuit Loans, we provide plaintiffs with the lowest cost slip and fall pre settlement funding. If your bills are starting to pile up while you are awaiting a slip and fall accident settlement, there are options available. Please contact our team to learn more about your eligibility for immediate funding.  Why Work With Ally Lawsuit Loans for Slip and Fall Funding Pre-settlement slip and fall funding — also sometimes called a ‘slip and fall lawsuit loan’ — is not technically a loan at all. Like other types of pre-settlement personal injury funding, it is non recourse funding. That means that there are no associated monthly payments and that you only have to repay the ‘loan’ if you receive a settlement or a verdict. If your slip and fall accident case is not successful, you keep the money and have no further obligations. The legal funding company accepts the risks.  While pre-settlement funding offers immediate access to financial support, it is crucial that you choose the right lawsuit lending company. Sadly, there are firms out there that charge exorbitant interest rates or attach hidden fees to cash advances. Our company is different. At Ally Lawsuit Loans, we are proud to be the most trusted lending funding company. Among other things, our team:  Offers plaintiffs the lowest interest rates in the industry — 100 percent guaranteed;Commits to using fair and transparent application process; Provides all clients with attentive and fully personalized customer support services; Can issue pre-settlement slip and fall funding in as little as 24 hours; andGuarantees that you repay $0 if your case does not settle or you lose.  We know that lawsuit loans are complicated. You may have questions about your eligibility, the application process, how much you should take out, or other related issues. Our slip and fall lending specialists are standing by, ready to get you the information and answers that you deserve. Get the cash that you need without all of the hassle.  Apply for Slip and Fall Lawsuit Funding Today At Ally Lawsuit Loans, our lawsuit funding specialists are committed to providing the lowest rate pre-settlement cash advances in the entire industry. If you need money for your slip and fall accident lawsuit, we are available to help. To apply for a personal injury lawsuit loan, please do not hesitate to contact our customer support team today. 

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Can I Borrow Money for My Lawsuit?

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Even if you have a strong and well-supported legal claim, it can take a significant amount of time to recover full and fair financial compensation through a lawsuit. As described by the American Bar Association (ABA), the typical tort claim — such as a personal injury lawsuit — will take somewhere between three months and twenty-four months to reach a resolution.  This raises a potential problem for plaintiffs: What do you do if you need money right now? One option available is that you can borrow money from your settlement. There are, of course, pros and cons to getting a loan against a lawsuit. Still, for many people, lawsuit funding is the most cost effective way to get bills paid now.  How Does Lawsuit Borrowing Work? If you are getting money for lawsuit or a loan against lawsuit, you are technically getting something called a ‘non recourse cash advance’. Although the term ‘loan’ is often used in the industry, lawsuit funding is not technically a loan at all.  Instead, plaintiffs “sell” a portion of the value of their case in exchange for immediate cash. This means that your eligibility to borrow against your lawsuit is based on the strength and value of that lawsuit. The higher your settlement is expected to be, the more cash you will likely be able to access today. With lawsuit borrowing, there are no credit checks and there is no income verification.  Approval may take as little as a single day. That being said, a lawsuit lending company will need some basic information from your attorney before it can proceed in reviewing your application for a settlement advance.  No Monthly Payments — You Only Pay if You Recover Financial Compensation When you are looking for the right lawsuit lending company, two of the most questions you need to ask are as follows:  Are there monthly payments? Do I have to repay anything if I lose my case? The answer to both questions should be ‘no’. Lawsuit funding is non-recourse funding. That being said, there should be no monthly payments and you should only be required to pay if you get a settlement or trial verdict.  Though there are no monthly payments, it is still important to consider your case. Make sure you find the lowest rate lawsuit funding. When your case is finally resolved, you will want to pay back as little as possible. Sadly, some lawsuit lending companies charge clients sky-high interest rates. There are better options available — Ally Lawsuit Loans guarantees the lowest rates in the entire industry.  Apply for Lawsuit Funding Today At Ally Lawsuit Loans, we are proud to provide the lowest cost pre-settlement lawsuit funding to plaintiffs across the country. If you are interested in borrowing money for your lawsuit, please do not hesitate to submit your application today. Our customer support team is here to answer any questions that you might have and to walk you through all aspects of the application process. 

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