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. 

Lawsuit Loans in Phoenix, Arizona

| Read Time: 3 minutes

Are your bills starting to pile up while you wait for a personal injury settlement? Do you feel like the insurance company is trying to wear you down so that you’ll accept a lower settlement than you deserve? Unfortunately, this situation is all too common. Personal injury settlements can take a long time in Arizona, but you don’t have to live with the financial uncertainty brought on by this timeline. Ally Lawsuit Loans offers lawsuit loans in Arizona, so you can pay your bills and live comfortably while awaiting your settlement. Laws and Regulations Concerning Presettlement Funding in Arizona Different laws apply to your lawsuit depending on the circumstances surrounding your injuries. If you were injured in a car accident, it is important to discuss Arizona’s minimum insurance policy limits and fault laws. If you were injured while on the job, you’ll need to talk to your attorney about workers’ compensation. Below is some basic information about Arizona’s personal injury laws and regulations, and how they apply to your lawsuit loan in Arizona. Fault Laws Arizona follows a pure comparative fault model, meaning an injured party can almost always recover damages, even if they were partially at fault in the accident. However, your settlement may be reduced by the percentage you are determined to be at fault. This law applies to car crashes and other accidents that cause injuries in Arizona. Ally Lawsuit Loans is able to keep interest rates low and offer our clients the money they need by only approving loans on lawsuits with clear liability and serious injuries. Your chances of being approved for a loan with us are better if you are able to prove your lack of fault in your accident. Statute of Limitations The statute of limitations to file an insurance claim on a personal injury suit in Arizona is two years. More often than not, this means that the plaintiff is no longer eligible to file a settlement claim after two years post-accident. This timeline might be adjusted if a hidden injury, which is undeniably attributable to the accident, is found. In this case, the two-year limitation begins on the date of diagnosis.  You must be working with an attorney on your lawsuit before you can apply for a lawsuit loan in Arizona with Ally. It is important to file your claim within the statute of limitations period so you can apply for presettlement funding when you need it most.  Insurance Information Each state has insurance minimum policy limits. You should discuss your anticipated claims with your attorney, as you might be dealing directly with the defendant if your claim exceeds any of Arizona’s minimum policy limits, including: $15,000 bodily injury liability per person; $30,000 bodily injury liability per accident; and$10,000 property damage liability per accident. Understanding these insurance limits is helpful when filing your personal injury lawsuit in Arizona. Cases Ally Can Provide Funding For Ally provides plaintiffs in a variety of lawsuit types with presettlement funding in Arizona. These lawsuit cases include: Personal injury,Car accidents,Assault and battery,Hit and runs,Medical malpractice,Product liability,Unpaid overtime,Wrongful termination, and Workers’ compensation. If you are not sure if your case type is eligible for an Arizona lawsuit loan with Ally, contact our expert customer service representatives at 844-760-0244. How to Get Quickly Qualified  The Arizona lawsuit loan application process at Ally is straightforward and transparent. You will provide us with some basic information about your lawsuit and give us the contact information for your attorney. We will take over the application process from there and discuss your case in detail with your lawyer. Our team will determine if you are eligible for a loan with us, and we will let you know in as little as 24 hours. Once you are approved for a loan with us, we can send you a check, deposit money straight into your bank account, or even use Western Union.  We have offered our clients anywhere from $500 to $750,000 in presettlement funding, but we recommend you take only the money that you need. There is no limit to how many lawsuit loans you can take out in Arizona, so you can apply for another one if you need it later.  All of Ally’s advance loans on personal injury settlements are non-recourse, meaning that you don’t pay us back for your loan unless you win your settlement.  Contact us to get started on your application. Why Choose Ally Lawsuit Loans? Filing a lawsuit is difficult enough without the burden of financial stress. Ally Lawsuit Loans takes the complications out of legal funding by providing non-recourse cash advances for personal injury lawsuits in Arizona. You can be approved for a loan in as little as 24 hours, and you are free to use the money however best suits you. Once you receive your settlement, Ally Lawsuit Loans will take a percentage of the cash to repay your loan. Our interest rates vary based on your case details, but we can guarantee that the rate will be the lowest in the industry.  The bottom line: we provide financial security when you need it most. Contact our customer service experts to discuss your case and start your lawsuit loan application today.

Read More

Police Brutality Lawsuit Funding

| Read Time: 3 minutes

The news is full of police brutality reports. Regardless of the reasoning behind a police officer’s decision to abuse their power, police brutality victims often have grounds to file a lawsuit.  Police departments tend to draw these out unnecessarily; they don’t want to admit fault by agreeing to a settlement. This process can be frustrating and extremely costly for the plaintiffs involved in police brutality lawsuits. Ally Lawsuit Loans can help. If you are in the middle of a police brutality lawsuit that is draining your bank account, you might be eligible for a cash advance on your police brutality lawsuit settlement.  How Long Will it Take to Settle? Unfortunately, police brutality cases can take years to settle. This is partly because most police departments are self-insured, meaning they have large amounts of money to fund police brutality lawsuits. This increases the time it takes to settle a police brutality case, and often the plaintiff cannot outlast the department financially. After all, plaintiffs are regular people with everyday bills to pay; they can’t devote their entire paycheck to fighting for a police brutality settlement. That’s where Ally Lawsuit Loans comes in. We offer non-recourse cash advances on your police brutality lawsuit settlement. We have approved loans as low as $500 and as high as $750,000. You can also apply for a second or even third loan if your lawsuit continues to drag out. Ally Lawsuit Loans is committed to helping you remain financially stable so you can focus on winning the settlement you deserve. How Much is My Police Brutality Case Worth? The dollar amount attached to a police brutality lawsuit settlement depends on each case’s unique circumstances. Some of the factors considered in a police brutality settlement are: Injuries sustained by the plaintiff: were you physically injured, emotionally injured, or both?Evidence: did witnesses give statements? Did someone take a video or pictures of the incident? Does the police report confirm your account of what happened?Aggravation: did the plaintiff do something to provoke the police officer further?Misconduct: was the plaintiff doing something illegal?Motive: was the police officer’s assault prompted by racial or gendered prejudices? These factors also determine your eligibility for an advance loan on your settlement. We will analyze your case details when reviewing your application and determining how much money we can lend you. Once your case is settled, we will take a part of the funds to repay the loan. All our loans are non-recourse, meaning that you owe us nothing if you don’t win your police brutality settlement. How to Begin the Loan Application Process Ally Lawsuit Loans’ application process is transparent and quick. Simply fill out the application on our website and provide your attorney’s contact information. We will determine your eligibility for a police brutality settlement loan in as little as 24 hours.  Because of each police brutality case’s unique nature, it is helpful to provide the following information when applying for a loan with us: Evidence proving your innocence (photos, videos, statements, police reports, etc.);The official complaint from your lawsuit;Medical records, if you sustained injuries; andInsurance information. If you have questions about our application process or are unsure if your case qualifies for a loan, call our expert customer service team at 844-572-2966.  How Ally Can Help The last thing you need to worry about when fighting a police brutality lawsuit is money. Ally Lawsuit Loans can help you shoulder this burden with a non-recourse cash advance on your police brutality lawsuit settlement. Our loans are risk-free, meaning you owe us nothing if you don’t win your settlement case. Our customer service team is committed to providing an excellent experience for our clients, and we guarantee the lowest possible interest rates in the industry.  Contact us today to get started on your advance loan on your police brutality settlement. 

Read More

Personal Injury Lawsuit Loans in Michigan

| Read Time: 3 minutes

You are likely working with an attorney to file a lawsuit if someone else caused you to sustain injuries in an accident. With personal injury lawsuits come challenges, including financial uncertainty. If you find yourself struggling financially amid a personal injury lawsuit, you should consider applying for a Michigan lawsuit loan.  Michigan Car Accident Statistics Fatal car crashes in Michigan are decreasing; the Michigan State Patrol reported less than 1,000 car accident fatalities in both 2018 and 2017. However, in 2018, there were 312,798 total car crashes in Michigan, resulting in 75,838 injured individuals. Further, 60% of these crashes involved more than one vehicle.  When multiple people are involved in an accident, it can take some time to prove an at-fault party through a lawsuit. Meanwhile, victims might incur medical expenses and be unable to work due to their injuries. This makes paying monthly bills difficult. Ally Lawsuit Loans is ready to help should you find yourself in this position because we can approve a pre-lawsuit loan in as little as 24 hours. Legal Funding Cheat Sheet The loans offered by Ally Lawsuit Loans are actually not loans at all. They are non-recourse cash advances, meaning that you don’t pay us back unless you win your lawsuit. For this reason, your eligibility for a Michigan lawsuit loan depends entirely on merit. We don’t do a credit check, but instead, analyze your case details provided by you and your attorney.  Lawsuit Laws and Regulations in Michigan If you were injured in a car accident, remember that Michigan operates under a modified comparative fault system. Under this system, the percentage that one is at fault is considered in personal injury lawsuits. As long as the injured plaintiff is at less than 50% fault in the accident, they can collect damages from the at-fault parties. It is essential to discuss your responsibility in your accident with your attorney before applying for a pre-settlement loan, as this can determine your eligibility for a loan.  Minimum insurance policy limits are also worth discussing with your attorney. In Michigan, the minimum insurance policy limits include: $20,000 in bodily injury liability per person;$40,000 in bodily injury liability per accident;$10,000 in property damage liability per accident; and$1 million in property protection. The statute of limitations on personal injury claims in Michigan is three years, meaning that you typically must file a lawsuit within three years of the accident. However, when an injury is not diagnosed until later and can undeniably be attributed to the accident, the filing period may begin on your diagnosis date. How to Get Qualified The Michigan lawsuit loan application process at Ally Lawsuit Loans is straightforward and transparent. Begin the process by filling out the application on our website and providing us with some basic information about your lawsuit and your attorney’s contact details;We then contact your attorney to discuss your case in greater detail; andWe will determine your eligibility for a loan in as little as 24 hours, and we will send you your money. We can send you a check, deposit the money via a wire transfer, or even use Western Union. Contact us to get started on your application. Why Choose Ally Lawsuit Loans? Filing a lawsuit is difficult enough without the burden of financial stress. Ally Lawsuit Loans takes the complications out of legal funding by providing non-recourse cash advances for personal injury lawsuits in Michigan. You can be approved for a loan in as little as 24 hours, and you are free to use the money however best suits you. Once you receive your settlement, Ally Lawsuit Loans will take a percentage of the cash to repay your loan. Our interest rates vary based on your case details, but we can guarantee that the rate will be the lowest in the industry.  The bottom line: we provide financial security when you need it most. Contact our customer service experts to discuss your case and start your lawsuit loan application today.

Read More