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. 

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According to the National Safety Council, in 2018, there were an estimated 40,000 deaths due to car-related accidents.  With all the car accidents that occur around the nation, there is always a price.  Since 2003, the number of fatal car crashes around the nation has been steadily rising. Between 2013 - 2015, the Federal Highway Administration reported 21,360 fatal car accidents. Click Here For Full Size Infographic 5 Things You Can Buy For $230 Billion Dollars The Buckingham PalaceThe Miami Marlins Baseball OrganizationThe Hannah Montana FranchiseAsia's Live Reef Fish for Food TradePrivate Island in the Bahama's $230.6 Billion in the U.S. per Year, that's $820 per Person in the U.S. How Can We Prevent These Accidents? Consider the following to stay safe on the road: Encourage safer modes of travel when on the road. Such as taking public transportationReduce the number of distractions when you are on the road; in 2017, there were 2,567 drivers and occupants killed because they were distractedTake more safety precautions when it comes to driving, always remember that everyone in the vehicle is wearing a seatbelt Infographic Source: https://www.asirt.org/safe-travel/road-safety-facts/

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You Deserve an Ally Scholarship Contest

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Life is full of challenges, and at one point or another we have all leaned on friends, family, mentors, and even strangers to help us pull through. At Ally Lawsuit Loans our mission is to help people when they need it most by providing financial support to cover expenses for injury victims and their families. For the inaugural year of the You Deserve an Ally Scholarship Contest we want to hear from students about a time in their lives when someone lent a helping hand which helped them through a challenging period. Contest Overview We want you to describe a time in your life where you had an Ally to help you through a tough situation. Explain in 500 words why this moment in your life was so significant and important and what you were able to learn from it. We are looking for the most compelling and best-written essay. The winner will be awarded $750 to put towards their college expenses. To Qualify: Send us the following information:Your name and emailYour resumeYour transcript OR proof of enrollmentTell us in 500+ words: Where you had an Ally in your life through a tough or difficult situation. Eligibility requirements: Applicants must be EITHER out-going high school seniors (graduating summer 2019) OR students currently enrolled in a college, trade school, or university as of the start of the fall 2019 semester.Must submit an essay by December 1, 2019 Apply Now Scholarship Contest FAQ How Much Will Be the Award Amount? We will award a $750 to the winner, which is to be used for tuition, books, room and board, or any other expenses associated with a higher education. When is the Deadline? The deadline for applications is December 31, 2019. When Will I Find Out if I Won? We will select one winner by January 15, 2020. Good luck to everyone!

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Why Was I Denied a Lawsuit Loan?

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There are few things more stressful than being denied for financing. It can be even more frustrating if you do not understand why the company denied your application. There are a number of different reasons why you may be denied for a lawsuit loan. Though, lawsuit funding is not like other types of consumer financial products and consumer lending. A poor credit score, lack of employment verification, and lack of income should not prevented you from obtaining pre-settlement funding. However, there are other reasons you may be turned down. At Ally Lawsuit Loans, we offer lawsuit funding at the lowest rate in the entire industry — guaranteed. In addition, our team is committed to providing the best customer support services. We want to make sure you have all of the information you need to best protect your financial interests. Here, we highlight some of the most common reasons why plaintiffs are denied for lawsuit loans. Top Three Reasons You Were Denied a Lawsuit Loan Pre-Settlement Funding is Restricted in Your State: In the majority of U.S. states, plaintiffs can apply for a lawsuit loan. However, there are certain state-by-state restrictions that could result in your application being denied. As a starting point, most lawsuit lending companies cannot offer loans to plaintiffs who are located in Colorado, Maryland, or Tennessee. In addition, if you are seeking workers’ compensation settlement funding, those types of loans are only available in about 20 states. You Do Not Have an Attorney: In order to apply for a lawsuit loan, you typically must hire an attorney. Unfortunately, if you do not have professional legal representation, our legal funding specialists may not be able to approve you for a pre-settlement cash advance. To get your application approved, your attorney generally needs to provide some important background information about your case and some key documents. Without an attorney, your application for a lawsuit loan will almost certainly be denied. We strongly recommend that you consult with your lawyer before seeking lawsuit funding. You Already Have the Maximum Funding: If you have already applied for and received a lawsuit loan, you may have gotten the maximum available funding. To be clear, you can always apply for more than one lawsuit loan. Indeed, it is common for our clients to seek additional funding. That being said, if you have already received the maximum possible funding for your case, your application may be denied on those grounds. We Will Not Deny You for Bad Credit or Lack of Income You may be worried that your application for a personal injury lawsuit loan will be denied because of your credit history, employment history, or lack of income. With Ally Lawsuit Loans, this will not happen. We do not run credit checks, we do not verify employment records, and we do not care about your financial status. If you suffered a serious injury and you are waiting on a future settlement, we have options available to get you a cash advance today. Why Choose Ally Lawsuit Loans If you were denied a lawsuit loan, you may still have other funding options available. At Ally Lawsuit Loans, we are prepared to work with you and your attorney to help you explore every potential avenue for pre-settlement funding. We are committed to providing our clients with the best services in the industry. Among other things, our team offers: Access to the lowest rate lawsuit loans — guaranteed;An understandable and fair application process; Your funds in as little as a single day; andThe best customer support services in the entire industry. Applying for a personal injury lawsuit loan is confusing. It is possible that your application was denied in error, because of a misunderstanding, or because of unreasonable standards of another company. We welcome you to apply with our team. If you have any questions or concerns, please reach out to our pre-settlement financing experts. We will help you get answers. Apply for a Lawsuit Loan Today At Ally Lawsuit Loans, we offer the best rate lawsuit loans. If you or your loved one is currently waiting for a settlement check, our team is here for you. Even if you were denied by another company, our specialists will review your application. To apply for a lawsuit loan now, please do not hesitate to contact our structured settlement professionals.

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