Edison Wildfire Lawsuit Loans
If you were affected by the Woolsey wildfire in 2018, you are probably pretty frustrated. If you are frustrated, you aren’t alone.
The fire burned more than 97,000 acres of land in Los Angeles and Ventura counties and resulted in three deaths.
Many of the individuals affected by the Woolsey fire found out later that their insurance policies were not enough to cover their immense losses.
This presented an extremely frustrating situation for people who were affected by the fire.
Thankfully, you, along with other affected individuals, can file a lawsuit against the responsible party. That responsible party is Southern California Edison (SCE).
SCE provides electricity to millions of Southern Californians every day. It just so happens that their negligence was at the root of the Woolsey fire.
In filing an SCE lawsuit, you can recover the damages you are due from the responsible party. That compensation, however, will not happen overnight. Lawsuits take time.
And it’s difficult to accurately gauge the timeline of a lawsuit because there are an infinite number of factors that can have an impact. But when people have to rebuild their homes, they need money right away.
Thankfully, with Ally Lawsuit Loans, you can get the financial help you need now. That’s right. There is no need to wait for your Edison lawsuit to settle. All you have to do is take out a lawsuit loan.
At Ally Lawsuit Loans, we help our clients get the money they need now to avoid future financial headaches. We also guarantee the lowest interest rate in the industry.
The end result is that you get to keep more of your settlement money.
The Southern California Edison Lawsuit
Investigators in California attributed the 2018 Woolsey wildfire to SCE’s negligence in failing to properly maintain and operate their power lines. Since this finding’s announcement, SCE has found itself at the center of several civil lawsuits.
Despite never acknowledging any negligence or wrongdoing, SCE settled a number of lawsuits in January 2021 with a $2.2 billion settlement agreement. The agreement applies specifically to lawsuits filed by insurers against the company.
As a result, the agreement does not necessarily apply to individual lawsuits against SCE. Still, the $2.2 billion figure shows that claims against SCE have a good chance of success.
Furthermore, the potential size of these lawsuits is quite significant.
Frequently Asked Questions
Lawsuit loans are a growing industry in the United States. Still, many people have never heard of a lawsuit loan. Every day we answer numerous questions from our prospective clients. The questions noted below are the questions we get asked most frequently.
Read on for more information on how lawsuit loans work and how Ally Lawsuit Loans can give you the best possible rate on your pre-settlement funding.
What Is a Lawsuit Loan?
A lawsuit loan is a sort of financial instrument that acts as a financial bridge. It bridges the gap between the time someone files a lawsuit and when they receive their final settlement check.
The intervening time is a financially precarious one for many individuals who find themselves damaged by the actions or inactions of others.
During this time, people often find themselves facing the majority of bills that they will eventually have to cover with their settlement. This situation, however, puts immense strain on one’s finances both in the short and long run.
It is a vicious cycle. If you can’t pay bills when they are due, interest accrues, which ends up eating into your final settlement.
With a lawsuit loan, you have the opportunity to both take care of your immediate financial needs and see your case through to the end. By seeing your case through to the end, you ensure that you get the full compensation you deserve.
How Do Lawsuit Loans Work?
Lawsuit loans differ from most other loans in the fact that they are non-recourse loans. With a recourse (or “standard” loan), the collateral is the entirety of your assets.
Your lender can seek repayment through your assets in the event of a default. With a non-recourse loan, a lender can only recover payment through specified collateral.
With a lawsuit loan and any other pre-settlement funding, the specified collateral is your eventual settlement. In practice, this means that if you lose your case, you don’t have to repay the loan.
How Do I Qualify for a Lawsuit Loan From Ally?
Qualifying for a lawsuit loan with Ally is a simple three-step process. In fact, it’s really just one step that our borrowers have to take: fill out our simple online application.
Once you fill out and submit our free application, we handle the rest. We use the information on your application to get in contact with your attorney. With your attorney, we verify your case and learn a bit more about it.
Using that information, we will approve or deny your application, and calculate interest based on your case’s chances of success.
We’ll have a decision for you within 24 hours, and you can have money in your pocket within 24 hours after that.
There Is No Need to Wait: Get the Financial Help You Need From Ally Today
Don’t let those bills pile up and gather interest as you fight your case to its logical conclusion. Those interest and late fees can eat up a large portion of your eventual settlement.
And if your settlement doesn’t cover the entirety of your damages, it doesn’t do you much good. Instead, get pre-settlement funding from Ally Lawsuit Loans.
Doing so will guarantee you the best rate in the industry while also saving you time and effort thanks to our unique three promise guarantee.
Applying is always risk-free, so don’t hesitate to see what we can do for you. Get started with Ally Lawsuit Loans today!