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 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.

Pre-settlement workers’ compensation loans offer an immediate route to obtain compensation when it is needed most.

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

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 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.

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.

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.

Apply now or give us a call at (800) 760-0704 to get started.

Lawsuit Pre-Settlement Company Reviews

Slip and Fall Pre-Settlement Funding

| Read Time: 4 minutes

Accidents happen all the time and some may result in a serious injury. Slip and falls are no exception and can lead to significant medical bills. Therefore, as you pursue a slip and fall lawsuit, you will still need to pay the medical bills along the way. That's why it's important to consider a slip and fall lawsuit loan so you can be covered. Slip and falls are among the most common types of accidents reported in the United States. In fact, the National Floor Safety Institute (NFSI) published findings indicating that more than one million Americans seek emergency medical attention for slip and fall accident injuries each year.  In our latest article, we explain slip and fall lawsuit loans and the qualification process as you work toward your legal settlement. If you were injured in a slip and fall accident that happened because of the negligence of a business or a property owner, you may be entitled to recover financial compensation through a lawsuit. Unfortunately, even if you have a winning case, it can take quite a long time to get a slip and fall accident settlement.  At Ally Lawsuit Loans, we provide plaintiffs with the lowest cost slip and fall pre-settlement funding. If your bills are starting to pile up while you are awaiting a slip and fall accident settlement, there are options available. Please contact our team at (213) 607-3399 or apply now to learn more about your eligibility for immediate legal funding for your injury claim. How Much Can You Get for a Slip and Fall Settlement? In most slip and fall cases, you can seek compensation for 100% of your medical expenses. This includes: Doctor visits,Surgery,Nights in the hospital,Prescriptions,Emergency transportation,Rehabilitation, and/orEquipment for treatment/recovery. Since every slip and fall injury involves different injury types, the amount you may get from a settlement depends on the severity of your injuries. For example, traumatic brain injuries (TBIs) and spinal injuries often result in a higher settlement than sprained ankles. In addition, plaintiffs who have injuries that require lifelong medical care may receive even more compensation for future medical costs. A slip and fall attorney can help you estimate future medical treatment costs for your injuries. Make sure you hold on to medical bills and receipts to show as evidence of your medical expenses. If you encounter financial trouble due to your medical costs while filing a claim, consider applying for slip and fall lawsuit funding. In some cases, you might be able to recover additional damages for less tangible harm, including: Emotional distress,Disfigurement,Reduced quality of life, orPain and suffering. Since it’s harder to put a price tag on these damages, we suggest that you consult an experienced slip and fall lawyer. Generally, the more severe your injury is, the more you could receive in non-economic damages. For example, if your injury causes any permanent damage like paralyzation, your damages could be several times larger than your medical bills. How Do You Win a Slip and Fall Settlement? To win a slip and fall case, you must prove the following: The owner, occupier, or another party in charge of the premises had a duty to ensure your safety;The person or entity breached this duty;The breach of duty directly caused your accident and injuries; andYou suffered losses due to your injuries on the premises. To prove the other party’s liability in a slip and fall case, we strongly recommend you hire a lawyer who works on a contingency fee basis. Without an attorney, your chances of receiving a good settlement go down. Having an attorney also qualifies you for slip and fall lawsuit loans, which help pay for bills, groceries, and other expenses while you wait for your settlement.  When you slip and fall on private business property or residential space, the owner usually attempts to place fault on the plaintiff. This defensive strategy causes litigation to last for months or even years. Sometimes, they might offer a smaller settlement hoping that a financially desperate plaintiff takes the bait. With slip and fall lawsuit funding, you can pay for living expenses, medical bills, legal fees, and more, giving your lawyer extra time to fight for a higher settlement. Why Work With Ally Lawsuit Loans for Slip and Fall Funding Pre-settlement slip and fall funding — also sometimes called a ‘slip and fall lawsuit loan’ — is not technically a loan at all. Like other types of pre-settlement personal injury funding, it is non-recourse funding. That means that there are no associated monthly payments and that you only have to repay the ‘loan’ if you receive a settlement or a verdict. If your slip and fall accident case is not successful, you keep the money and have no further obligations. The legal funding company accepts the risks.  While pre-settlement funding offers immediate access to financial support, it is crucial that you choose the right lawsuit lending company for your premises liability claim. Check Out Some Of the Recent Reviews From Around the Web Sadly, there are firms out there that charge exorbitant interest rates or attach hidden fees to cash advances. Our company is different. At Ally Lawsuit Loans, we are proud to be the most trusted lending funding company. Among other things, our team:  Offers plaintiffs the lowest interest rates in the industry — 100 percent guaranteed;Commits to using fair and transparent application process; Provides all clients with attentive and fully personalized customer support services; Can issue pre-settlement slip and fall funding in as little as 24 hours; andGuarantees that you repay $0 if your case does not settle or you lose.  We know that lawsuit loans are complicated. You may have questions about your eligibility, the application process, how much you should take out, or other related issues. Our slip and fall lending specialists are standing by, ready to get you the information and answers that you deserve. Get the cash advance you need without all of the hassles.  Apply for Slip and Fall Lawsuit Funding Today At Ally Lawsuit Loans, our lawsuit […]

Read More

Actos Lawsuit Cash Advance

| Read Time: 4 minutes

Actos was a prescription drug manufactured by Takeda Pharmaceuticals and marketed by Eli Lilly and Company. The drug was used to treat type 2 diabetes. However, the drug was linked to significant injuries in those who used it. Many people suffered from things like an increased risk of developing bladder cancer and heart failure.  A series of cases in the 2010s accused the makers of Actos of destroying and downplaying evidence that linked the drug to bladder cancer specifically. While those lawsuits have been settled by now, many people either still suffer from the negative effects of Actos or have not received compensation for the damages that Actos caused them. As a result, the makers of Actos are currently on the receiving end of new litigation.  If you were injured by Actos and have not received compensation, you may still have a claim for damages. In the event that you decide to file a lawsuit against Actos’s makers and need cash, a lawsuit loan from Ally Lawsuit Loans can help you now. Actos Lawsuit Settlement Amounts The Actos settlement payouts from 2014 and 2015 are quite significant. One party’s Actos settlement amount was initially a $9 billion verdict. In that case, courts eventually reduced the final judgment to $36.8 million, but that was just one case. Later, as more claims rolled in, the lawsuits were consolidated into a class action case with roughly 9,000 parties in the class. The eventual Actos settlement agreement was $2.4 billion. And those are just the older cases that are all settled and paid out. In the case filed against Actos’ makers in 2020, lawyers for the plaintiff are seeking $10 million in damages. Thus, you can see that if Actos caused you damage, it is well worth your time and effort to file a claim. After all, the value of your Actos settlement is probably quite significant. When Will Actos Settlements Be Paid? Parties to the 2014 and 2015 lawsuits have already collected their settlements. However, as noted earlier, litigation is ramping up once again. If you are filing your own lawsuit against Actos, it is unclear when the official Actos settlement will occur. Litigation takes a long time. Furthermore, with damage amounts as high as they are in many of the Actos lawsuits, the litigation can take even longer. Because it is impossible to know when your lawsuit will eventually settle, it’s hard to plan your finances accordingly. Thus, if you need cash now, an Actos lawsuit settlement loan can bring you financial stability. Best of all, at Ally Lawsuit Loans, we guarantee that you will have your money within 24 hours of your loan’s approval.  How Can a Cash Advance Help Me? A cash advance will help you fight your case to the end, so you can maximize your eventual settlement. Often, powerful parties like insurance companies and other large corporations (like pharmaceutical drug manufacturers) will purposely offer parties with fewer resources a lowball settlement offer. A lowball settlement offer doesn’t account for all your damages, so it isn’t typically one that you want to accept. Entities with deep pockets know that the people suing them may find themselves in a financial bind. Their hope is that the other party will accept the lowball settlement offer out of financial necessity.  If you find yourself in this situation, it can feel like you are between a rock and a hard place with two equally bad options. Luckily, there is a third option available: a lawsuit loan. With a lawsuit loan, you get cash in your pocket straight away. With that cash, you can take care of your immediate financial needs so you can continue to fight your case to the end. That way, you maximize your chances of recovering all the damages you suffered.  How Does a Lawsuit Loan Work? A lawsuit loan, which we sometimes call a pre-settlement loan or pre-settlement cash advance, is a unique type of loan. Lawsuit loans are unique in that they are what is known as “non-recourse loans.” Most loans are recourse loans. If you take out a loan and later default on it, the lender can claim back the assets you put up as collateral. With a recourse loan, however, the lender can pursue recovery against the entirety of your assets if the collateral is not sufficient: house, car, land, investments—anything that you own.  Conversely, with a non-recourse loan, you specify the collateral in your initial loan agreement. When you default on a non-recourse loan, your lender can only seize whatever you put up as collateral. With lawsuit loans, which are a specific type of non-recourse loan, the collateral is your eventual settlement. Thus, if you default on your loan, your settlement is the only thing your lender can seize. The practical implications of this are that if you take out a lawsuit loan and lose or fail to settle your lawsuit, you don’t owe your lender anything. In that way, a lawsuit loan is risk-free. Ally Lawsuit Loans Can Help You Fight Your Actos Lawsuit to the End If you are filing an Actos lawsuit and need immediate financial assistance, Ally Lawsuit Loans can offer you a non-recourse lawsuit loan. That way, you can continue to fight your case until you get a settlement offer that covers the entirety of your damages.  There are three things that set Ally Lawsuit Loans apart from other lawsuit loan providers in the industry. First, once you apply for your loan, we will come back with an offer within 24 hours of your application. That way you can get cash in your pocket as soon as possible. Second, we offer the lowest rate in the industry guarantee. If someone else offers a better rate, we will match it. Finally, no matter the situation, if you lose your case or do not reach a settlement, you won’t owe us a penny.  Life won’t wait for your settlement, and you deserve an ally. You have one in Ally Lawsuit Loans, so […]

Read More

Why Sell Your Structured Settlement and Annuity Payments

| Read Time: 4 minutes

Structured settlements and other forms of annuity payments are very useful financial products. With them, you can spread income through a repeating series of payments. For many people, annuities allow them to balance their finances and ensure financial stability in the long term. Sometimes, however, unexpected things happen in our lives. This is particularly true of finances. When accidents happen and bills need paying, there really are no two ways about it. In such a situation, the income you receive from your annuity may not be enough for what your current needs are.  Luckily, if you find yourself in such a situation, you still might have options. One of the best options you have is to sell your annuity payments. Ally Lawsuit Loans can help you by giving you cash for your annuity payments. Ally Lawsuit Loans can also serve you as a structured settlement buyer. By selling your annuity payments to Ally, you can take care of whatever your imminent financial needs are. How Do Structured Settlement and Annuity Payments Work? Not everybody knows about annuity payments and structured settlements. This is because, unlike a credit card, an annuity isn’t something we typically encounter in our day-to-day lives. If you find yourself on this page, someone might have already offered you an annuity or a structured settlement, so it is important to know how they work. Annuities in General Structured settlements are a form of an annuity, so it is helpful to understand annuities in a general sense before going into structured settlements.  At the macro level, an annuity is a contract between two parties. In the agreement, one party agrees to hold onto the assets of the other party and distribute those assets at set intervals. The assets are either transferred through a one-time payment or through periodic payments such as a percentage of a person’s paycheck.  Often, the party holding on to the assets agrees to invest the assets while they are in their control. This is typically what happens when workers pay into a 401k or other sort of retirement fund. They set up annuity payments for when they retire, thus ensuring stable income aside from social security or other government-funded retirement income. As with most contracts, the structure of the annuity is fairly open. As a result, annuities can come in many different forms. Structured Settlements A structured settlement is a specific type of annuity. Structured settlements arise out of claims in civil court. One party ends up owing another party for damages they caused them. Although litigants always have the option of recovering their damages in a lump sum, they can alternatively recover their damages at regular intervals by negotiating a structured settlement. If that happens, the defendant will owe the plaintiff a specified amount of money at whatever interval they agree to. How Can Selling My Annuity Payments or Structured Settlement Help Me? As we noted earlier, life is unpredictable. You may have negotiated a structured settlement or set up annuity payments for the future, but things change. Getting cash for annuity payments now helps you maintain financial flexibility. With that flexibility, you can take care of whatever your immediate financial needs are. Some of the most common things that people use their money for are: Paying bills,Starting a business,Buying a house, andPaying for school. You may still wonder, why sell my settlement payments? Won’t I lose money? Although you will often receive less money in the end by selling your annuity, that loss is often offset by the benefit of having cash in your hand now. To illustrate this, read through the following examples. Pay Bills If your bills are starting to pile up, it is often difficult to dig yourself out of a financial hole. As more bills come in and remain unpaid, they gain interest. Sometimes, as with credit card debt, that interest is no small sum. Regardless of what bills you have to pay, selling your annuity or structured settlement payment can help you dig out of the financial hole. Often, in the end, you will save yourself from paying a lot of interest in the future by taking advantage of selling your annuity payments. Start Your Own Business Owning a business is a significant part of “The American Dream” and our shared national heritage. After all, the wealth of our country was built by business owners. Even our founding fathers themselves were business owners. Getting your business off the ground, however, can take a lot of money. If you don’t have the resources to start your business, you might consider a business loan. Like other loans, a business loan will have an interest. If you have a structured settlement or annuity, however, you can get your business started now without losing a lot of money to interest on a business loan. Put a Down Payment on a House Like starting a business, buying a house is expensive. Nevertheless, buying a house is typically a financially prudent decision. Real estate tends to grow in value pretty consistently. Like other loans, mortgages have interest rates. As a result, in the end, you may pay six figures more for your house than you initially thought. The more you can put into your down payment, the less interest you owe. Thus, selling your structured settlement or annuity payments to help bolster the down payment on your home can save you a considerable amount of money.  Pay for College Like everything else in this list, college is quite expensive. Student loans are doubly so. You may have a child or grandchild that you want to help put through college, or you may want to go to college yourself. A college education will usually pay for itself in increased income over a lifetime, so college is a good investment. Whether you are saving for college for yourself, saving for someone else, or just want to pay off your student loans, selling your annuity payments can help you reach that goal. How Do I Sell […]

Read More