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.
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 pre-settlement loans 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 loans for personal injury cases, you may be able to obtain personal injury lawsuit loans 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; and
- Wrongful death claims
If your specific type of personal injury case 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 Personal Injury Lawsuit Loans
Applying for personal injury lawsuit loans 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.
1. 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.
2. 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.
3. 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.
4. 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.
5. 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 Loans and Regular Loans?
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 get anywhere between 10-20% of your case value in the form of a cash advance.
💰 How Much Do Personal Injury Loans Cost?
There are three factors that determine the value of your case and the amount of your personal injury loans: damages, liability, and insurance coverage.
For loans on personal injury cases, our underwriters offer around 10-20% of the value of your case.
Determining the damages and injuries in your case is a simple step. The amount of treatment you receive for your injuries typically affects the value of your settlement.
If you do not receive treatment, your settlement may be lower.
Liability is the most complex part of our application review. In some states, the level of liability is different depending on the type of accident and the circumstances of your case.
Insurance coverage helps determine the maximum amount of your potential settlement.
Some states limit the amount based on the insurance policy of the at-fault driver. However, some states also allow you to pursue additional damages.
✔ Steps To Take Before Applying for Lawsuit Loans
If you are interested in personal injury settlement loans, there are a few steps you should take before applying.
1. Discuss Your Options With Your Attorney
When you apply for personal injury loans, you must have an attorney working on your case. An attorney will always advise you on your best options during a case.
Being honest about your financial need lets an attorney know that you trust them, and they will find whatever solution is best for you, whether that is an injury loan through Ally Lawsuit Loans or another option.
2. Determine How Much Funding You Will Need
Once you and your attorney determine that personal injury loans are right for you, figure out how much funding you will need.
It is always best to be frugal when applying for personal injury settlement loans. While you might qualify for a large advance, you should only take as much as you need.
This helps you avoid paying excessive interest and ensures that you keep a majority of your settlement.
Personal Injury Pre-Settlement Loans Provide Financial Protection
You do not want to rush through the personal injury claims process.
It is always best to give your lawyer the time that they need to build a winning case — so that you can recover the full and fair settlement offer that you rightfully deserve.
Of course, the time it takes to resolve a personal injury claim can be frustrating, and even agonizing.
In some cases, it takes years for a complex personal injury case to finally reach a settlement.
Unfortunately, the bill collectors are not going to wait. While the personal injury process is pending, your medical costs or your general living expenses may start piling up.
This can put a crushing financial weight on you and your family. Lawsuit funding can help.
We offer personal injury loans to fill the gap. These loans can be used to:
- Pay for medical care;
- Make mortgage or rent payments;
- Cover lost wages; and
- Cover everyday living expenses.
To be sure, lawsuit funding is not free. We recommend that you take only what you need to cover your bills.
But, we want to make sure that you and your family have a fair, affordable funding option available while you are waiting for a personal injury settlement check.
Do You Qualify for a Personal Injury Lawsuit Loans?
Personal injury lawsuit loan eligibility is fundamentally based on the strength of your case. The stronger your personal injury claim, the more likely it is that you will be qualified to obtain a pre-settlement loan.
If you sustained a serious injury because of the negligence of another party and you are filing a legal claim, it is very likely that you qualify for funding.
We do not care about your financial history or lack thereof. There are no upfront fees, there are no credit checks, and we do need confirmation of your employment.
Our company offers personal injury settlement advances to plaintiffs who need the money now.
No-Risk Funding — You Only Pay If You Win
One of the biggest worries that injured victims have is what happens if they lose their case.
Losing a personal injury case is difficult enough; the last thing you need is to be stuck repaying a loan that you cannot afford.
That will never happen with Ally Lawsuit Loans. We offer 100 percent, risk-free personal injury lawsuit funding.
Your pre-settlement lawsuit loan is secured solely by your future settlement. Our company gets repaid through a portion of that settlement.
Through our company, you are getting a settlement advance on your personal injury claim.
We bear the risk of that claim. If you do not end up winning your case, then you have no obligation to pay back any of the money.
Why Choose Ally Lawsuit Loans
We are a professional, consumer-recommended personal injury loan company that is committed to offering plaintiffs fair and affordable legal funding.
Unfortunately, some unscrupulous lawsuit loan companies provide personal injury loans at exorbitant rates or with hidden fees.
You need to work with a lawsuit lending company that you can rely on.
At Ally Lawsuit Loans, we promise:
- The lowest interest rates — are guaranteed;
- Clear and concise terms in our agreements;
- No high-pressure sales tactics;
- A smooth and easy application process;
- Cash within 24 hours of approval; and
- Round-the-clock customer support.
Our lawsuit loan specialists work closely with our clients and their personal injury attorneys to ensure we can offer the best financing arrangement.
If you have any questions or concerns about your case or your ability to get a loan, you should contact our team right away. We are more than happy to help.
Learn More About Personal Injury Lawsuit Funding: Call Us Now
At Ally Lawsuit Loans, we are proud to offer personal injury plaintiffs the lowest interest rate lawsuit settlement loans.
Our top-rated customer service team is standing by, ready to work with you and your attorney.