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.

Return to top ↑

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.

Return to top ↑

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.

Return to top ↑

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.

Return to top ↑

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.

Return to top ↑

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.

Return to top ↑

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.
Return to top ↑

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. 

Car Accident Lawsuit Loans

| Read Time: 8 minutes

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. 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); andThe 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 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. 💲 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. Ally Lawsuit Loans is […]

Read More

What Are Ally Lawsuit Loans’ Rates?

| Read Time: 3 minutes

At Ally Lawsuit Loans it is our mission to provide the lowest cost pre-settlement loans in the industry. The truth is, we can't tell you exactly what your settlement loan interest rate will be until we learn the specifics of your case. What we can promise you is that we'll offer you the lowest rate possible, we'll be fully transparent about the cost of your lawsuit loan, and we'll never spring hidden fees or costs on you. The personal injury claims process can be frustratingly slow. While insurance companies can take months or even years to resolve a claim, the bills can start piling up immediately after an accident. Waiting for a lawsuit settlement check can put a serious burden on an injured victim and their family. At Ally Lawsuit Loans we provide immediate funding to help relieve the financial burdens that plaintiffs face as they await a settlement. We offer pre-settlement funding interest rates that are the best in the industry — guaranteed. If you are considering applying for a lawsuit loan you obviously are interested in finding the lawsuit funding company that will provide you with the lowest possible interest rate. We encourage you to use the lawsuit loan calculator below to get a sense of what it cost to get a pre settlement loan with Ally Lawsuit Loans. With that being said, the best way to learn what your interest rate will be is to call us or apply online. Our friendly staff will be happy to answer your questions. Contacting us obligates you to nothing. DISCLAIMER: This calculator uses our average funding interest rate. The total quoted here is not necessarily what you will pay. Our interest rates are based on an assessment of the details of your lawsuit, and so we cannot provide you with your actual rate until we speak with your attorney. Lawsuit Loan Calculator How much money do you need to be advanced? (without commas) How long do you expect before your case settles / is resolved? 6 months 12 months 18 months 24 months 30 months Here's how much you'll owe: Industry Average: With Ally: We Guarantee the Lowest Interest Rate for Lawsuit Loans At Ally Lawsuit Loans, we guarantee the lowest rate settlement funding. 📉 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 financing. If you do not win your case, then our team will not receive payment. We are able to beat other companies by offering interest rates that vary based on the strength of the underlying legal case. In other words, the better your personal injury case, the lower your interest rate. Unlike some other lawsuit financing companies, we are able to keep our pre-settlement funding rates low and guarantee the lowest rate settlement funding because we do not take on every case. We fund cases with serious injuries and clear liability. 📊 What factors will affect the pre-settlement loan interest rate? Your interest rate will not be affected by your personal credit history. We do not need to verify your income or employment history. Our company offers affordable lawsuit loans with interest rates that are based solely on the likelihood that you will win your case. 💲 Interest Rates Matter — Why You Need to Find the Lowest Rate If you looking for lawsuit funding, you will quickly discover that there is no shortage of companies available. It is essential that you find a trusted legal financing company that can offer reliable and low lawsuit financing rates. Interest rates matter — and you deserve the lowest rate and the best terms. Beware of lawsuit companies that will not tell you what the pre-settlement funding interest rates will be for your specific case. Compound interest can make a huge difference when it comes to calculating the total costs that you will have to pay for funding. As explained by Investopedia, compound interest is an interest that calculates on top of other interests. Over time, compound interest can really add up. Not only does Ally Lawsuit Loans offer the lowest rate settlement funding, but we also use clear and concise terms in our agreements. There are no hidden fees and no unfair financing charges. Get Help From Our Lawsuit Funding Specialists At Ally Lawsuit Loans, we offer the lowest lawsuit loan interest rates — guaranteed. You may be able to qualify for a lawsuit loan in less than 24 hours. If you are considering applying for pre-settlement funding, we are here to help. To find out more about what our lawsuit legal funding specialists can do for you, please call us today at (800) 760-0704 or apply now. Lawsuit Funding Company Reviews - Reviews From Around the Web Fair Rate Funding Cherokee Funding Momentum FundingPeachtree Financial SolutionsThe Legal Funding Group, LLCCase Cash, LLCBuckeye Legal FundingPrime Case FundingOasis Financial

Read More

Personal Injury Lawsuit Loans

| Read Time: 8 minutes

A personal injury loan is a financial tool that helps plaintiffs get cash pre-settlement. Unlike a traditional loan, the interest rate for lawsuit settlement advances is based on the strength of the case, not your credit history. They are also non-recourse which means if you lose your case, you do not owe repayment. According to data provided by the Centers for Disease Control and Prevention (CDC), Americans make approximately 39 million emergency room visits for accident-related injuries every year. When a person sustains a serious injury because of the reckless or careless actions of another party, they may be eligible to recover financial compensation through a personal injury claim. Unfortunately, even if you have a case that you are virtually guaranteed to win, it can take a considerable amount of time for a personal injury lawsuit to reach a settlement. Waiting for a settlement check can put a tremendous financial burden on an injured victim and their family. At Ally Lawsuit Loans, our team provides the most affordable personal injury lawsuit loans for plaintiffs who are waiting for their settlement. We know that the personal injury claims process can be long and stressful. Our company is here to relieve some of the financial pressure from you and your family. We offer immediate, affordable personal injury settlement funding nationwide. If your bills are piling up while you are waiting for your personal injury settlement, please contact our team to learn more about your financial options. Everything You Need to Know About Injury Loans in 70 Seconds We Fund the Full Range of Personal Injury Claims If you suffered a serious injury because of the negligent or reckless conduct of another party, our company can offer a pre-settlement loan to help you pay for your medical care and cover your living expenses while your legal case is still pending. At Ally Lawsuit Loans, we provide pre-settlement funding for the full range of personal injury claims. Among other cases, you may be able to obtain a personal injury lawsuit loan for: Car accidents; Commercial truck accidents;Motorcycle wrecks;Bike accidents;Pedestrian collisions;Bus accidents;Work injury lawsuits; Workers’ compensation claims;Medical malpractice lawsuits;Nursing home abuse or neglect;Slip and fall accidents;Premises liability claims;Dog bite injury lawsuits;Dangerous or defective product claims;Defective medical device claims;Dangerous drug lawsuits; andWrongful death claims If your specific type of personal injury cases is not listed above, you may still be eligible to get pre-settlement funding. For more information about your individual claim, please call our lawsuit financing specialists right away.  Why You Should Apply for a Personal Injury Lawsuit Loan Applying for a personal injury lawsuit loan is free, and lawsuit loans can be hugely beneficial. Primarily, since many personal injury cases take months or even years to settle, personal injury settlement loans help tie the victims over until the end of their case. Qualifying is Simple At Ally Lawsuit Loans, we understand that life won’t wait for a settlement. Waiting for that check puts a significant burden on an injured person and their family.  If your case is strong, you are more likely to qualify for a pre-settlement loan. We do not look at your financial history. That means no credit checks, no upfront fees, and no employment confirmation. Our goal is to offer settlement advances for any victim injured by the negligence of another. Applying is Quick & Easy When you or a loved one suffers an injury, medical bills, mortgage or rent payments, and everyday living expenses pile up quickly. Our company understands that bills do not stop for your personal injury case.  That is why at Ally Lawsuit Loans, we can qualify you for a pre-settlement loan within 24 hours. Our application process is smooth and easy, so you can focus on your case. Borrowing is Risk-Free Personal injury victims often worry about what happens if they lose their case. The last thing you need when you lose a case is to be stuck with a loan you can’t afford. At Ally Lawsuit Loans, we secure our loans by your future settlement, so we bear the risk of that claim. We offer a 100% risk-free personal injury lawsuit loan. If you do not win your case, then you do not need to pay back the loan. You only pay us if you win your case. Paying Bills is Crucial Personal injury lawsuit loans help fill financial gaps while you wait for your case to settle. At Ally Lawsuit Loans, our personal injury settlement loans provide financial protection for you and your family while you resolve your personal injury claim.  We want to make sure that you get what you need to cover your bills. Our personal injury lawsuit loans can cover medical bills, living expenses, and more. We offer fair, affordable funding options to victims awaiting a personal injury settlement check. We also have the lowest guaranteed rate in the industry. Maximizing Case Value is Beneficial  Insurance companies may offer lower settlement amounts to victims. They do this to get a financially desperate victim to accept the lower amount. At Ally Lawsuit Loans, we empower plaintiffs to resist this manipulation.  Our personal injury lawsuit loans help you survive the entirety of the lawsuit without sacrificing the value of your case. ❓ What's the Difference Between Personal Injury Settlement Loans and a Regular Loan? Personal injury loans are very different from traditional loans. Most traditional loans hold borrowers liable for repayment no matter the circumstances. In contrast, personal injury settlement loans are non-recourse, which means you do not have to repay them if you lose your case. Your attorney pays the lender back with part of your settlement at the end of the case, so the funding process is simple. When you apply for an injury loan through Ally Lawsuit Loans, we never do a background or credit check. We also don’t charge any upfront fees. After you complete your application, we review the case with your attorney to see if a personal injury loan is right for you. If approved, you can […]

Read More