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.
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 and you can apply for a workers' compensation loan.
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.
Workers’ Compensation Loans are Not Available in Every State
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:
- North Dakota;
- Rhode Island;
- South Dakota;
- West Virginia; and
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 contact 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.
Types of Workplace Injuries That Can Qualify For a Workers' Compensation Loan
- Broken bones
- Malfunction from equipment resulting in injury
- Back or shoulder injuries
- Neck or head injuries
- Construction site injuries
- Vision or hearing loss
Apply for Workers' Compensation Loan - 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 to 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.
What happens if you qualify for a loan, but the claim gets denied?
If you are approved for a workers' comp pre-settlement loan, there is no risk involved.
If your workers' compensation claim is denied at a future date, then 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.
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.
- 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.