Personal Injury Lawsuit Loans

Personal Injury Loans

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 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:

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.

The Differences Between Personal Injury Settlement 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 injury loan: damages, liability, and insurance coverage. For most 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 You Should Take Before Applying for Personal Injury Loans

If you are interested in personal injury settlement loans, there are a few steps you should take before applying.

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.

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 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.

Qualifying for a Personal Injury Lawsuit Loan

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 financing 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 — 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 Options: 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.

To find out more about your personal injury lawsuit loan options, please contact us today. Apply now for a pre-settlement lawsuit loan or call (800) 760-0704.

How to Find the Best Lawsuit Loan Companies

| Read Time: 3 minutes

If you need financial stability while waiting to settle your lawsuit, you’re probably aware that there are several pre-settlement loan companies who want a portion in exchange for a cash advance. It is essential that you know how to separate the best pre-settlement loan companies from the deceptive ones. The lender you choose has an impact on the amount of money you receive from your settlement, so it’s very important to do research into potential lenders to make sure the company you choose is a good fit. Here’s how to find the best lawsuit loan companies for your case. Best Lawsuit Loan Companies Below is a list of the top 10 settlement loan companies to compare when shopping around for lawsuit funding. Click on each lawsuit loan company to read about reviews around the web. Make sure to consider all of your options. Ally Lawsuit LoansPeachtree Financial SolutionsOasis Legal FinanceThe Legal Funding GroupBuckeye Legal FundingPrime Case FundingMomentum FundingFair Rate FundingCase CashCherokee Funding Top 5 Questions to Ask a Lawsuit Loan Company While looking for the best lawsuit funding companies, it is important to ask each lender questions that help you gauge the potential cost of the loan. Asking these questions will help you choose the best lawsuit pre-settlement loan company. #1: How Do You Set Interest Rates on Pre-Settlement Loans? The best lawsuit loan companies determine interest rates on a case-by-case basis based on the strength of each case. Interest rates largely depend on the likelihood of your case resulting in a good settlement or verdict. Do not work with a pre-settlement funding company that charges the same interest rate for every customer. #2: What is the Interest Rate for My Pre-Settlement Cash Advance? When you get an offer for pre-settlement funding, a lender should tell you upfront what your interest rate is before you sign paperwork. The best lawsuit funding companies will usually give you an interest rate between 1-3% monthly. If a lender gives you a rate higher than 3%, consider looking for another offer. #3: What Are the Terms and Conditions of the Loan? Since filing for a lawsuit is very overwhelming, the terms and conditions of pre-settlement funding should be simple. The best settlement loan companies offer clear, concise terms and conditions for their loans. Never work with a lender that refuses to answer questions about the terms of your loan. #4: Will You Discuss My Funding Application With My Lawyer? Before you get a pre-settlement loan, you need to be represented by a lawyer and have a lawsuit filed on your behalf. The best lawsuit loan companies will always ask to speak to your lawyer about your case when you apply for funding. Your lawyer gives the lender information about your case to assist in case evaluation and underwriting. #5: How Quickly Will I Get My Pre-Settlement Cash Advance? Since reputable settlement loan companies don’t require a credit or background check, most lenders transfer money to you within 24 hours of approval. Why You Should Choose Ally Lawsuit Loans If you are trying to find the best lawsuit loan companies, consider funding from Ally Lawsuit Loans. At Ally Lawsuit Loans, we understand how difficult it is to maintain financial stability during a lawsuit. We provide legal funding for those waiting on their settlement for cases ranging from personal injury to workers’ compensation. Lowest Rates Guaranteed No matter what type of case you have, we guarantee the lowest rate in the industry. If you find a low-interest rate while searching for the best pre-settlement loan companies, we will beat it. Risk-Free Our loans are 100% risk-free. That means if you don’t win your case or get a settlement, you pay us nothing. Quick and Easy Application Assuming your case is a good fit, we send you a cash advance within 24 hours of application approval. Contact a Reputable Settlement Loan Company Today If you need a risk-free, low-interest rate loan to keep your head above water while waiting for a settlement, give Ally Lawsuit Loans a call today at 844-545-6246 or apply now. We offer the lowest interest rates in the industry and provide cash advances within 24 hours of approval.

Read More

Are Car Accident Settlements Taxable?

| Read Time: 3 minutes

If you receive a settlement from a personal injury case involving a car accident, you might be wondering if you owe any taxes on your settlement earnings. According to the IRS, if you receive a settlement due to physical injuries or sickness and don’t take an itemized deduction for medical expenses due to the injury, your settlement isn’t taxable. However, there are some exceptions to this rule depending on the details of your personal injury case. So, are car accident settlements taxable? In this article, we will explore the different factors in your case that affect the taxability of your settlement earnings. What Portion of My Car Accident Settlement is Taxable? Your car accident settlement might be taxable in certain instances. The type of compensation the IRS finds taxable in personal injury cases includes: Lost wages;Damages due to emotional distress;Punitive damages; andInterest earned on a settlement. Since lost wages replace what you would have earned working, the IRS considers this type of compensation as regular wages. In fact, the IRS taxes compensation for lost wages similarly to regular wages. However, if you receive multiple years of lost wages in your settlement, you might be taxed as part of a different tax bracket. For example, if you usually earn $30,000 per year and you receive $90,000 of lost wages in your settlement, your federal tax bracket changes from a 12% income tax rate to 24%. What Parts of My Car Accident Settlement are Tax-Exempt? Usually, compensation for physical injury isn’t taxable in a car accident settlement. Whether you settle your case before or after filing a lawsuit, you don’t have to pay taxes on your settlement earnings.  Generally, any damages you recover as a result of an injury or illness aren’t taxable at the state or federal level. This includes pain and suffering in many cases. How to Reduce Your Car Accident Settlement Tax Obligation If you work with an attorney, you might be able to reduce or even eliminate your tax obligation. To reduce the amount of taxable earnings in your settlement, ensure that you classify your damages carefully.  You might also consider exploring structured settlements instead of a lump sum settlement. Since structured settlements split your compensation into multiple installments, you may be able to exclude some of your settlement earnings from your current tax year. Need Help Paying Bills While Waiting for a Settlement? Apply for Funding Through Ally Lawsuit Loans Today If you sustain injuries in a car accident, you might not know how to keep financially afloat while you recover. While waiting for your personal injury settlement, expenses like medical bills, attorney’s fees, rent, and more might pile up, especially if you can’t work. If you ever find yourself in this position, consider pre-settlement legal funding from Ally Lawsuit Loans. Our loans give plaintiffs peace of mind while they wait for their lawsuit to settle. Not only do we guarantee the lowest rates in the industry, but we also offer risk-free funding. If you don’t win your case, you don’t have to pay us back. If you would like to apply for a lawsuit loan or want to know if your potential car accident settlement is taxable, give us a call at 844-545-6246. We deliver cash to applicants within 24 hours of approval.

Read More

Hit and Run Lawsuit Loans

| Read Time: 2 minutes

Like any accident, hit-and-runs leave a devastating impact on your physical and financial well-being. If you sustain injuries from a hit-and-run accident, you might need help paying for medical treatment or other living expenses while you recover. Thankfully, pre-settlement funding can help you keep you financially afloat while you wait for your hit-and-run lawsuit to settle. Here’s what you need to know about hit-and-run injury claims and how a lawsuit loan may help. What to Do If You Are a Victim of a Hit-and-Run If you ever get hit by a driver and they flee the scene, immediately contact the police. When the police find the suspect, you may file a claim against their insurance company. However, if the police cannot find the driver, you must file a claim with your auto insurer.  In the event of a hit-and-run accident, you should follow these steps to ensure your safety and build your case: Call 911 and request an ambulance if you are injured;Try to write down as much information as you can about the suspect’s vehicle including the model, year, color, and license plate number;Get checked out by a doctor even if you don’t have serious injuries to make sure you don’t have any internal injuries;Take photos of the scene, including your injuries and damage to your vehicle;Record statements from potential witnesses who saw the accident; andContact a personal injury attorney before speaking with the insurance company. If you end up filing a hit-and-run lawsuit, this information may help strengthen your claim. Do not take any blame for the accident or allow the insurance company to take a recorded statement. They might use this information to lower or completely deny your claim. Check Your Insurance Policy for Uninsured Motorist Coverage Make sure you check your auto policy to see if you have uninsured motorist coverage (UIM). This type of coverage typically covers damage you or your car sustains in a hit-and-run accident, especially if police cannot catch the suspect. This portion of your policy also covers medical treatment costs, lost wages, and other damages if you have injuries. Apply for Legal Funding Through Ally Lawsuit Loans Today We understand how difficult it is to recover after suffering injuries in a hit-and-run crash. Often, these injuries put you out of work, causing bills to pile up as you receive treatment. At Ally Lawsuit Loans, we provide pre-settlement funding to plaintiffs who cannot wait for their hit-and-run lawsuit to settle. Our risk-free loans provide cash to you for a variety of expenses while you recover, including rent, groceries, medical bills, legal fees, and more. Most importantly, you don’t have to pay back the loan unless you win your case. If you have any questions about our hit-and-run lawsuit loans or would like to apply, give us a call at 844-496-6446. We guarantee the lowest interest rates in the industry and provide cash to approved applicants within 24 hours.

Read More