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. 

Settlement Checks: How Long Can a Lawyer Hold Money in Escrow?

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Litigation can last for months or years, so you probably felt excitement when you finally reached a settlement. However, your settlement award may be harder to access than you imagined. For instance, some lawyers hold your settlement check for months, delaying your access to the cash you need. The settlement check process is one more hurdle you must overcome in resolving your claim. So how long can a lawyer hold money in escrow? We give you an overview of the settlement check process here. Four Steps to Getting a Settlement Check To get your settlement check, you must resolve these four matters. Signed Release Forms When you reach your settlement, you must sign a release form. This form is a legal document that states you will not pursue further legal action on the same claim. Expect to sign a release form for each defendant in your claim. Your lawyer will carefully review the terms of the release form before you sign, and you can request modifications if necessary. Delayed Payment State law should give the defendant a timeline for paying the settlement. Some defendants wait until the last moment allowed by state law to pay your settlement, causing delays in receiving the money you’re owed. Check Clearance When the defendant pays your settlement, the money goes to your lawyer, who holds it in an escrow account. The check may take up to a week to clear, and then the funds are available to pay debts. Once the check clears, your lawyer takes their fee from the funds and next pays other liens and lawsuit-related bills. Settlement Lien Payment During your lawsuit, parties may have placed liens on your settlement. A lien gives someone else the right to your property to pay a debt. For example, if you have unpaid medical bills, the hospital or doctor may place a lien on your settlement. Your lawyer will also use your settlement funds to pay expenses related to litigating your case, including: Expert witness fees,Private investigator fees, andMedical examinations.  Your lawyer can quickly pay most liens on your account once settlement funds are available. However, government liens, such as those from Medicaid, can take longer to resolve. After your money moves through these four steps in the settlement check process, your lawyer sends the remaining balance to you. Unfortunately, delays at each step can cause you to wait weeks or even months for access to your settlement funds.  Access Settlement Funds Faster If you need access to your settlement check sooner, Ally Lawsuit Loans can help. Ally Lawsuit Loans offers cash advances on your lawsuit settlement. You pay back the cash advance when you receive your settlement.  Here are some things you should know about Ally Lawsuit Loans: We offer the lowest rate guarantee in the industry; You pay nothing back if you lose your case; and You can qualify for a lawsuit loan within 24 hours. To find out more about getting a lawsuit loan or to start your application, contact Ally Lawsuit Loans. You shouldn’t have to stress while you wait for the slow settlement check process, so we’re here to make the wait easier.

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How Much Is Your Slip and Fall Claim Worth?

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A slip and fall injury may seem like a relatively minor injury to some. However, if you have a slip and fall, you know that this isn’t always the case. Slip and fall injuries come in just about every form. Traumatic brain injury (TBI), paralysis, whiplash, and broken bones are just a few possible slip and fall injuries. Such injuries can be quite costly. According to the CDC, unintentional injuries cost Americans more than $450 billion per year in medical and work loss costs. Of those costs, more than one-third are from fall-related injuries. That means that fall-related injuries cost Americans about $150 billion per year. No metric would consider that amount insignificant. Lawsuit Loans Help While the Legal Process Runs Its Course If you have a slip and fall injury caused by someone else’s negligence, you are entitled to recover damages. If you’re reading this, you likely plan on hiring a lawyer to file a lawsuit or have already done so. Settlements don’t happen overnight, but medical bills come quickly, and life won’t wait for your settlement payment.  If you’re filing a lawsuit and need financial assistance while you wait for your case to settle, a lawsuit loan is an excellent option. Ally Lawsuit Loans is an industry leader in pre-settlement funding. If you’re considering pre-settlement funding, you will want to know how much you should borrow. A good way to answer that question is to ask about typical slip and fall cases’ payouts. While each lawsuit is different, a few factors can help you estimate what your slip and fall claim is worth. Estimating the Worth of a Slip and Fall Claim To get a general idea of what your slip and fall claim is worth, the most important things to consider are the severity and type of injuries and damages. Generally, the more severe your injuries, the more your claim is worth. More costs bring a higher settlement. To illustrate what this may look like in practice, consider two hypothetical examples. Example One In the first example, consider you have a severe slip and fall accident. You hit your head, suffering a concussion, and break your ankle while falling. An ambulance takes you to the hospital. There, your ankle requires surgery and a three-day stay to monitor your potential brain injury. You miss work during that time. Once your hospital stay finishes, you can’t work for a month as you recover from your surgery. Furthermore, you need physical therapy for a few months to fully heal. Luckily, the concussion does not leave long-term effects. However, you see a brain injury specialist a couple of times to ensure that more serious problems are not lurking below the surface. Example Two Now, consider a less severe slip and fall accident. In this case, you slip on a wet spot at the supermarket and fracture your wrist. Your spouse drives you to your physician the next day so you can get an x-ray. You find out that you will need to wear a cast for a few weeks. You have to miss work during that time, but otherwise, you fully recover. Comparison These two examples are drastically different. As such, the settlement of their clams will also be drastically different. The first example requires surgery, emergency transport, a hospital stay, continuing care, and medical specialists. Such costs add up very quickly, so to fully recover damages, the claim’s settlement will be very high. Contrast this with the second example, where you saw a normal physician and missed work. While such medical bills are not insignificant and missed work requires compensation, the final settlement will be dramatically less than the first example. The best way to estimate your settlement amount is to add up all the injury’s various costs. Your Attorney Can Help You Estimate the Claim Amount Your attorney can help you estimate your final settlement amount. They know all the facts and circumstances of your case. With this information and their prior experience with similar cases, they can help you add up all your injury’s economic and non-economic costs to come up with an estimate of your final settlement amount. Considering a Lawsuit Loan? If you’re considering a lawsuit loan for a slip and fall claim, contact Ally Lawsuit Loans today. Our application process is quick and easy. Furthermore, we offer a lowest-rate guarantee and 24-hour application turnaround. Best of all, if your claim is not successful, you won’t owe us anything. You deserve an ally while you wait for your settlement, so contact Ally Lawsuit Loans today!

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How to Calculate Knee Injury Settlement Value

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A knee injury can put you out of commission for quite some time. Such an injury can impact many facets of your life. Even a seemingly minor injury can worsen, and the ripple effects can compound quickly. One of the most common questions that people with knee injuries ask about is, What is the knee injury settlement average? If you are shopping for a lawsuit loan, this is an important question to ask. After all, you want to know how much you should borrow to cover your finances until the final settlement comes down. Every Settlement Is Different The question of average knee injury settlement amounts is difficult to answer quickly. Since every knee injury is different, and every accident that causes a knee injury is also different, every settlement is unique. The final amount of each knee injury settlement depends on a number of different factors and circumstances. However, with that said, a few things will help you estimate the potential size of your final knee injury settlement. Severity of Injury The first factor to consider in estimating the final settlement amount is the severity of the knee injury. A more severe knee injury is going to require more medical care than a minor knee injury. As such, the more severe injury will generally lead to a higher average settlement amount. Serious knee injuries may require ongoing physical therapy to recover fully, which will undoubtedly increase the final settlement amount. On the other hand, for a knee injury that heals without surgery and physical therapy, the final settlement amount will relatively speaking, be smaller. Type and Extent of Damages  To further estimate your final settlement amount, you can take stock of what damages you suffered as a result of the injury and the accident. Some of the types of damages that will push your final settlement up in value are: Property damage related to the accident;Emergency medical care at the time of the injury;Surgery to treat the injury;Physical therapy to recover from the injury;Other medical specialists to deal with the injury’s effects;In-home help while recovering from the injury; orMissing work as a result of the injury and its ensuing recovery. This list is just an example to show what different types of damages can arise from a knee injury. There are other types of damages that you may suffer from that will also increase your settlement’s final amount. Use this list as a starting point for your calculations. Generally, the more of these factors that are relevant to you, the higher your final settlement. Speak With Your Lawyer Perhaps the best way to get an idea as to what your final settlement will look like is to contact your attorney. Your attorney should know all the facts and circumstances surrounding your case. Your lawyer can then combine this information with their knowledge from prior experience in similar cases. Combining it all, your lawyer can help you calculate a rough estimate of what a fair settlement of your case will look like. Contact Ally Lawsuit Loans Today A lawsuit loan is always helpful to bridge the financial gap between filing a lawsuit and settling it. Whether you need financial help while waiting for a knee injury car accident settlement or a slip and fall knee injury settlement, Ally Lawsuit Loans is here to serve you. Ally Lawsuit Loans financing is always risk-free; if your case doesn’t settle, you won’t owe us anything. Furthermore, we offer 24-hour application turnaround and a lowest-rate guarantee. Life won’t wait for your settlement, so you deserve an ally. Apply with Ally Lawsuit Loans today!

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