Workers’ Compensation Loans

Workplace accidents remain a serious problem in the United States. According to data provided by the Bureau of Labor Statistics (BLS), more than 800,000 American workers are forced to miss time on the job every year because of a work injury or an occupational illness.

workers comp settlement loans

A major workplace accident can put a huge burden on the injured worker and their family. Beyond the medical bills, a worker may also be forced to miss out on their paychecks for an extended period of time. While workers’ compensation provides much needed financial protection, the claims process can sometimes be frustratingly slow.

At Ally Lawsuit Loans, we offer the lowest interest rate settlement loans for workers’ compensation claims. If you are waiting for your workers’ compensation settlement, but you need money right now to pay your bills now, we have funding options available.

Our company is committed to providing better, faster, and more affordable cash-advances to injured workers. To get more information on your workers’ compensation funding options, please do not hesitate to reach out to our lending specialists today. 

Get Help With Your Bills Now

Workers’ compensation insurance programs were designed, in part, to help make sure that injured employees would have faster access to financial compensation after a major accident. This allows injured workers to pay their medical bills and provide support to their loved ones. Unfortunately, in practice, the workers’ compensation claims process is not always fast.

Quite the contrary, in some cases, it can take months or years for an injured worker get a full settlement that they rightfully deserve. Pre-settlement workers’ compensation loans offer an immediate route to obtain compensation when it is needed most. If you were hurt on the job and you are still waiting for your workers’ compensation check to arrive, you can use your pre-settlement loan to:

  • Pay for your medical treatment;
  • Make your rent or mortgage payments;
  • Cover your living expenses; and
  • Account for a portion of your lost wages.

Regardless of how much funding you are eligible to receive, we always recommend that you take out only what you need to pay your bills and support your family.

Workers’ Compensation Settlement Loans: How to Qualify

Workers’ compensation settlement loans are based on the strength of the underlying legal case. To qualify for this type of funding, our lending specialists will work directly with your workers’ compensation attorney to determine your likelihood that you will eventually get workers’ compensation payments in the future.

The stronger your legal case — meaning the more likely to are to eventually receive a workers’ compensation settlement or ongoing workers’ compensation benefits — the more likely it is that your application for pre-settlement funding will be approved.

To be clear, there are no upfront fees associated with getting a loan. In addition, we will not check your credit history nor will we check your employment history. You do not need a bank account to receive funding. Eligibility for a lawsuit loan is based solely on your workers’ compensation claim. 

No Risk Workers’ Compensation Loan — You Only Pay If You Win

We offer non-recourse workers’ compensation loans to people who have been hurt on the job. This type of loan is secured by a future workers’ compensation settlement. If you are approved for a pre-settlement loan, there is no risk involved. What happens if your workers’ compensation claim is denied at a future date? You will keep the money that you have received, and you will never have to make any payments. We will only be paid back if you win your workers’ compensation case. Period. 

Workers’ Compensation Loans are Not Available in Every State

Our company is able to offer personal injury loans and car accident loans in virtually every community in the United States. However, workers’ compensation settlement loans are not available in the majority of U.S. states. Subject to change and verification, we can offer injured workers pre-settlement funding in the following states:

  • Connecticut;
  • Delaware;
  • Florida;
  • Georgia;
  • Illinois
  • Indiana;
  • Kansas;
  • Louisiana;
  • Mississippi;
  • Missouri;
  • North Dakota;
  • Rhode Island;
  • South Dakota;
  • Vermont;
  • Washington;
  • West Virginia;  and
  • Wyoming.

As rules and regulations can change frequently, you should also check directly with one of our representatives to make sure that we can offer funding in your state. To confirm based on your current state, please reach out to our legal funding specialists right away. We are more than happy to help you find answers to any questions that you might have about the application process or your eligibility. 

Why Choose Ally Lawsuit Loans

If you decided to apply for a pre-settlement workers’ compensation loan, it is essential that you work with a reliable and trusted company that will treat you fairly. Unfortunately, there are some unscrupulous lenders that offer workers’ compensation funding with exorbitant interest rates, unfair terms, or hidden fees. At Ally Lawsuit Loans, we are the plaintiffs’ choice for pre-settlement funding. We promise:

  • The lowest interest workers’ compensation loans — guaranteed;
  • Cash arriving in as little as 24 hours after your approval;
  • A streamlined, efficient application process;
  • Fair terms that are clear and concise; and
  • Professional, friendly customer support that you can rely on.

Applying for a workers’ compensation loan can feel like a complicated process. We make it easy. Our pre-settlement loan specialists will work directly with you and your workers’ compensation attorney to make sure that you get the best possible loan. If you have any questions or concerns about workers’ compensation funding, our team is always standing by, ready to assist you.  

Ready to Apply for a Pre-Settlement Workers’ Compensation Loan? Call Us Now

At Ally Lawsuit Loans, we offer the lowest interest rate workers’ compensation settlement loans to injured employees in more than a dozen states across the country. Our customer service team has made the lawsuit funding process quick and easy — you could be approved for funding in as little as 24 hours. To speak to an experienced workers’ compensation settlement funding specialist, please contact us right away.

What You Could Buy with the Cost of Annual Auto Accidents in the US

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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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