Electric Scooter Lawsuit Funding

scooter laws

Over the last decade, we have witnessed the rise of the so-called “sharing economy”. First, there were rideshare programs like Lyft and Uber.

Today, those ridesharing programs have all but entirely replaced the quintessential yellow taxi cabs that characterized much of the 20th century. Fresh on the heels of rideshare programs, we saw the rise of bike-sharing programs.

Users pay a monthly or distance-based fee for the ability to use company bicycles wherever they find them. Now, we have scooter-sharing programs and companies.

Scooter-sharing services work in much the same way as bike-sharing services.

What do all of these services have in common? They are all forms of transportation. And as forms of transportation, accidents can happen. Like bike accidents, scooter accidents aren’t typically as serious as most car accidents.

With that said, however, serious injuries do sometimes occur. Even the most careful scooter rider can get into a serious accident through no fault of their own.

If you get into a scooter accident that isn’t your fault, you can claim compensation from the responsible party. In some instances, you will have to file a lawsuit to do so.

Lawsuits can take a long time to settle, however. If you suffered serious injuries, you’re probably starting to see some of your medical bills pop up. Since you don’t know when your case will settle, how can you take care of those bills? 

Luckily, to help with your finances now, you can take out a motor scooter lawsuit loan. Ally Lawsuit Loans offers motor scooter loans at a very competitive rate.

We help scooter riders injured in scooter accidents get the financial help they need so they can fight their case as long as necessary. If you’re interested in a motor scooter loan, keep reading for more information.

How Does Lawsuit Funding Work?

Lawsuit funding is a relatively new type of financing. Lawsuit loans work in a similar way as most other loans, but there is one important difference.

The difference lies in how lawsuit loans address the question of collateral. With most loans, if you default, your lender can seize any assets necessary to cover your debt.

That includes your house, car, stocks, and other investments. This type of loan is known as a recourse loan.

Conversely, lawsuit loans are a type of non-recourse loan. When you take out a non-recourse loan, you specify your collateral in the agreement.

That collateral is the only asset of yours that your lender can seize for repayment. When you take out a lawsuit loan, the collateral you put up is your eventual settlement or jury award.

Thus, your lender can seek repayment only after you settle or win your case.

What If I Don’t Win My Case?

The answer to this question is probably the biggest advantage that lawsuit loans have over other traditional loans. If you don’t win your case or you fail to settle your claim out of court, you don’t owe your lender anything. That’s right. No jury award or settlement? No repayment. Why? Because the collateral simply does not exist. This makes lawsuit loans as risk-free as possible.  

Who Qualifies For Motor Scooter Loans From Ally?

If you want to take out a motor scooter lawsuit cash advance from Ally Lawsuit Loans, qualifying is a quick and easy process. Here are our general requirements:

  • You must have retained the services of an attorney in a motor scooter accident claim and
  • Your lawyer is representing you in an ongoing lawsuit.

To apply, all you have to do is fill out the application on our website. The only information we need is a little bit about your claim, your contact information, and your attorney’s contact information.

Then we contact your attorney to learn more about your specific situation. We verify the provided information, and we work with your attorney to figure out how winnable your case is and how much your claim is worth.

Finally, we use the provided information to determine whether we can finance your loan and how much you can borrow.

Should I Use a Scooter Loan Calculator?

You may have come across scooter loan settlement calculators. These calculators exist for any number of different types of civil claims.

The calculators promise to provide an accurate result, but the truth is, they can’t. The amount of damages you suffer generally determines how much your claim is worth. This includes both economic and non-economic damages.

Economic damages have an identifiable, quantifiable monetary value. Things like medical bills, lost wages, and property damage are all forms of economic damages.

A motor scooter accident calculator can help you calculate the value of your economic damages, but that’s about it.

But you can calculate the value of your economic damages using the calculator on your phone. You have the bills, so you have all of the necessary information.

Scooter settlement calculators cannot calculate the value of your non-economic damages, however. Non-economic damages are, by definition, intangible.

They lack a precise monetary value. Pain, suffering, the loss of a loved one, and the loss of the use of a limb are all forms of non-economic damages.

They are very real damages that you can suffer from, but a settlement calculator cannot monetize them because too many factors come into play. But personal injury attorneys know how to place a reasonable value on non-economic damages because they have experience in the area.

Talking to your attorney is the best way to figure out how much your claim is worth. Since you need to have an attorney before we can provide a lawsuit loan, we recommend discussing the value of your claim with your attorney as soon as possible.

The Ally Lawsuit Loans Difference

The pre-settlement funding industry is growing. Every week, more and more lawsuit lending services keep popping up. As a consumer, this gives you options.

Options are a good thing, but too many options can cause problems. Every lawsuit loan you shop for will have its own set of terms and conditions.

Not only does it take time to read through all of the options, but the language in the agreements is full of complicated legal jargon. To save yourself time and money, however, you can go with Ally Lawsuit Loans from the get-go.

At Ally Lawsuit Loans, we separate ourselves from the competition with our unique three-part guarantee:

  1. Lowest rates in the industry guaranteed,
  2. Review and respond to your application within 24 hours, and
  3. Never pay us back a single penny if you don’t win or settle your case.

With our rate guarantee, you can take time to focus on healing instead of poring over complicated loan agreements. When you’re in the civil claims process, it can feel like it’s you against the world.

Why not find an ally? Get started with a motor scooter loan from Ally Lawsuit Loans today!

Can an Auto Accident Passenger Apply for a Lawsuit Loan?

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If you were in a car accident as a passenger and did not cause the accident, you are entitled to compensation for the damages you suffered. Your medical bills, any lost wages, and physical pain and anguish are all recoverable damages after a car accident. All you have to do is seek the right compensation from the right party. Sometimes you can recover the entirety of the damages you are owed by filing a claim with the responsible party’s insurance provider. However, this is not always the case. You may need to file a lawsuit to fully recover the damages you suffered. Insurance policies cover only so much. If your damages exceed the responsible party’s insurance limits, you probably need to file a car accident passenger lawsuit to recover those damages. Lawsuits Can Take a Long Time: A Lawsuit Loan Can Help You Weather the Storm Lawsuits aren’t typically resolved overnight. If you are struggling financially due to the extra expenses of the accident, this can pose a major problem. Knowing that individual plaintiffs often face financial struggles, powerful parties—including insurance companies—sometimes try to exploit those struggles. They do so by making settlement offers that don’t fully compensate you for your total damages. When they do this, they are betting that you are in such a desperate financial situation that you will accept any offer they make.  With a car accident lawsuit loan in your pocket, however, you can weather the financial storm. You can take care of your immediate financial needs and hold out for the best possible offer. That way, you get—as a passenger in a car accident—the compensation you deserve. We at Ally Lawsuit Loans offer some of the best car accident lawsuit loans in the industry. At Ally, we want you to have the information you need to make an informed decision, so we put together this quick guide to help you decide whether a car accident passenger lawsuit loan is right for you. Requirements Anybody who applies for a loan has to meet certain criteria. The same applies to lawsuit loans. Lawsuit loans, including those for car accident passengers, have different requirements from other loans like car leases and mortgages. For those more traditional loans, you need to show that you can pay the loan back by proving your income, total assets, etc. In contrast, the requirements for applying for a lawsuit loan are much simpler. To qualify for pre-settlement funding with Ally Lawsuit Loans, all you have to do is submit one simple application. We don’t ask for your employment or credit history because this information is irrelevant for our purposes. Instead, aside from your contact information and your attorney’s name, you need to show us just two things on your application: You currently have an attorney working on your behalf andYour lawyer has, at the time of your application, filed a lawsuit in court. That’s it. All you have to do is prove to us that you are currently filing a car accident lawsuit against the responsible party with the help of your attorney.  When we review your application, we will contact your attorney, verify the details of your case, and gather more information. To decide whether we can give you a loan, we look at your case’s chances of success. We use this information, along with the total damages sought in your case, to determine how much we can loan you. A lawsuit loan can never exceed the maximum potential award.  How Do Car Accident Lawsuit Loans Work? Now that you know how to apply for a lawsuit loan and how it can benefit your claim, we need to go over how these loans work. Unlike a traditional loan, taking out a lawsuit loan is a relatively risk-free proposition. Let us explain why. Recourse versus Non-Recourse Loans We can set lawsuit loans apart from other, more traditional types of loans by explaining the difference between recourse and non-recourse loans. Recourse loans are the types of loans we noted above: mortgages, medical loans, and automobile leases. When someone defaults on a recourse loan, the lender can seek repayment by seizing or otherwise repossessing almost any of their assets. That’s because with a recourse loan the collateral is the entirety of a person’s wealth. The same is not true when it comes to lawsuit loans, which are a form of non-recourse loans. Unlike recourse loan agreements, non-recourse loan agreements lay out specific items or assets as collateral. In the event of a default, the lender can seek repayment only through those specified assets. With a lawsuit loan, the specific item of collateral is the lawsuit’s eventual settlement or jury award. That means that if you lose or fail to settle your case out of court, the collateral ceases to exist.  Thus, the practical result is that if you lose your case or fail to settle it out of court, you won’t have to repay your lender. This is why lawsuit loans are relatively risk-free. Apply Today with Ally Lawsuit Loans If you want to take care of your immediate financial needs and press on with your case until you get the settlement you deserve, get in touch with us at Ally Lawsuit Loans today. At Ally, we pride ourselves on being one of the nation’s leading pre-settlement funding providers. There are a lot of lenders out there, and shopping for a loan is a daunting task. Even after filling out multiple loan applications, you will have to go through any proposed loan agreement with a fine-toothed comb. Unfortunately, not all pre-settlement funding companies are straightforward about their services. It is not uncommon for a borrower to discover hidden fees and exorbitant interest rates after they sign the loan agreement. At that point, the damage is done. If you want to skip the hassle of shopping around for a lawsuit loan, Ally has you covered. We offer the lowest interest rate in the industry, guaranteed. So if you see a better deal, we’ll match it. […]

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Do You Need Documentation for a Lawsuit Loan?

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If you find yourself on this page, you’re probably considering taking out a loan. It’s a big financial decision—one that you should not take lightly. It helps to know the ins and outs of loans in general before making a decision. You’re already aware that Ally can provide you with a lawsuit loan. Still, you may wonder, What exactly is a lawsuit loan? How do they differ from other loans? Furthermore, what sort of loan documentation will I need to take out a lawsuit loan? These are all good questions to ask before taking out a lawsuit loan. If you have any of these questions, this guide is a good place to start. Here, we will explain lawsuit loans in general, how they differ from other sorts of loans, and how you can apply for one today.  Differentiating Between Recourse and Non-Recourse Loans To understand the difference between typical loans and lawsuit loans, let’s split loans into two categories: Recourse loans andNon-recourse loans. To qualify for either of these loans, you have to show different forms of loan documentation. When we talk about recourse loans, we are discussing typical loans—things like mortgages, automobile leases, and even payday loans. Conversely, when we talk about non-recourse loans, we are usually referring to lawsuit loans specifically.  What Exactly Is Different About the Two Types of Loans? We can identify two basic differences between recourse and non-recourse loans. The first difference is how they address questions of default and collateral. When someone defaults on a recourse loan, the lender can seek repayment of the loan by whatever financial means are necessary. The entirety of your assets is the collateral in this situation. This means that if you default on a recourse loan, your lender can repossess your home, seize assets like automobiles, jewelry, or investment products, and even garnish your wages until the debt is paid off. Non-recourse loans—including lawsuit loans—are fundamentally different. Non-recourse loan agreements lay out specific items of collateral. Whatever the parties agree to, that’s the collateral—no more, no less. With a lawsuit loan, the collateral in question is your eventual settlement check. The most notable practical implication of this feature is that if you lose your case or fail to settle out of court, there is no collateral because it no longer exists. Thus, if you find yourself in this situation, you won’t have to repay your lender a single cent. The second difference lies in the documents you need to submit to qualify for the loan in question. We will cover both so that you can make the most informed decision on what is best for your specific situation. Recourse Loans: What Documents Do You Need to Apply for a Loan? Regardless of whether it is a recourse or a non-recourse loan, loan documentation serves the same purpose: it shows the lender that you can pay back the money they lend you. With that said, recourse loans typically require much more loan documentation than non-recourse loans, including things like employment verification, income verification, and a breakdown of all assets and liabilities. The more money you want to borrow, the more documentation you need to provide to the lender.  Non-Recourse Legal Funding: What Documents Do You Need for a Loan? Qualifying for non-recourse legal funding requires significantly less documentation than qualifying for a typical recourse loan. Usually, you need to provide documentation that verifies just two things: That you do have a lawyer andThat lawyer is currently representing you in a civil claim. Basically, on your loan application, you include your own personal information, a bit of information about the case, and your lawyer’s contact information. Then, we at Ally Lawsuit Loans get in contact with your lawyer. We verify that they are currently representing you, and we seek additional information about the case.  The additional information we seek from your attorney typically includes your case’s chances of success and an estimate of your settlement’s value. Thus, at the end of the day, the only documentation you need to submit to secure a lawsuit loan is the information requested on your application. There is no additional documentation necessary. Ally Lawsuit Loans Offers What Others Lenders Don’t Once you have decided to take out a lawsuit loan, you need to find the right lender. Shopping for lawsuit loans, however, is a pain. On top of the multiple applications that you will need to submit, you will have to review the loan offers as they arrive. Loan agreements are notoriously dense legal documents, so parsing through them takes time and it’s easy to miss minor details. Those seemingly minor details often include hidden fees and interest rates, which, at the end of the day, could cost you a lot of money. Luckily, you don’t have to shop around. At Ally Lawsuit Loans, we offer pre-settlement funding to all our clients with this promise: Never pay us anything if you lose your case,Application approval within 24 hours, andThe lowest interest rate in the industry guaranteed. With our three-part promise backing your lawsuit loan, you don’t need to worry about finding a better deal elsewhere. Furthermore, you don’t have to worry about hidden fees and interest rates. Our loan agreements are always clear and straightforward. If you have any questions or are ready to get started, get in touch with Ally Lawsuit Loans today!

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Jones Act Lawsuit Loans

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If you are filing a lawsuit under the Jones Act, first of all, good for you. Your effort to stick up for your rights will help not only yourself but also others. A lawsuit can go a long way toward dissuading powerful parties from steamrolling the rights of everyday citizens. As lawsuits run their course, plaintiffs can all too easily find themselves in a financial bind. If you’re filing a lawsuit, you not only have to pay the extra expenses related to your legal action, you also have to keep up with your normal household expenses. Couple this with the fact that it is impossible to predict when your case will settle, and you can see how some seemingly minor financial issues can spiral into major ones. Luckily, there is a way to bridge the financial gap between now and when your lawsuit eventually settles: a lawsuit loan from Ally Lawsuit Loans. At Ally, we offer financing in many different civil claims, including those made under the Jones Act. For plaintiffs, lawsuit loans can take a seemingly out-of-control financial situation and make it manageable. What Does the Jones Act Do? The Jones Act is the common name given to the Merchant Marine Act of 1920. The law established certain regulations surrounding the maritime shipping industry in the United States. Aside from the individual protections that the Jones Act provides, which we will cover below, it contains many other provisions. Notably, the Jones Act requires ships that move goods between U.S. ports to be owned, built, and operated by permanent U.S. residents or U.S. citizens. For our purposes, however, we’ll focus on the protections the Jones Act provides to covered individuals.   What Individual Protections Does the Jones Act Offer? The individual protections contained in the Jones Act apply to seamen. Seamen, for the purposes of the Jones Act, are individuals who are actively engaged in employment on a ship covered by the Act.  The Jones Act extends the protections in the Federal Employers Liability Act to all workers covered by the Act. In addition, the Jones Act gives employees the right to file a personal injury lawsuit against their employers. Thus, if you are hurt while working as a seaman covered under the Act, you can sue for damages as you would with any other employer. How Much Are Typical Jones Act Lawsuit Settlements Worth? As with any personal injury claim, there is no real average amount that we can point to when it comes to Jones Act lawsuit settlements. Since every injury is different, the value of a given claim depends entirely on that claim’s specific facts and circumstances. The best you can do to estimate the value of your claim on your own is to add up all the economic damages you suffered. Essentially, this amount includes any extra monetary expenses you faced as a result of the injury. That will give you a starting point, but there’s a lot more that goes into determining a settlement amount than your extra expenses. In particular, non-economic damages come into play. The only effective way to get an accurate estimate of your claim’s value is with the help of your attorney. How Do Jones Act Lawsuit Loans Help Me Get a Better Settlement? A lawsuit loan from Ally can help, not only by alleviating immediate financial pressure but also by helping you get a better settlement. How does this happen?  At a basic level, having a lawsuit loan in your pocket is an asset in negotiations. Powerful parties often come to the negotiating table with repeated lowball offers. The bet they make is that you’re in a tough spot financially and need money now. Because you need money now, you’re more likely to accept a lowball offer. But, at the end of the day, the lowball offer doesn’t get you where you need to go.  With a lawsuit loan in your pocket, you have the time to let the defending party make all the bogus settlement offers it wants. You don’t need to accept them because your immediate finances are taken care of. Eventually, the defendant will come to their senses, realize you won’t accept anything less than what you are entitled to, and start negotiating in good faith. That’s just one way a lawsuit loan helps you get the most out of your settlement. How Do I Qualify For Jones Act Lawsuit Funding? Qualifying for Jones Act lawsuit funding through Ally Lawsuit Loans is a quick, straightforward process. All you have to do to get started is fill out one simple application. But before you fill out the application, you need to have an attorney representing you in an ongoing Jones Act civil claim. That’s our only requirement. Our application asks you for your personal information, a little bit of information about your claim, and your attorney’s contact information. We get in touch with your attorney to verify all the details and learn a bit more about your case. We use this information to determine: Whether we can offer you a loan,How much we can offer, andAt what rate we can loan you the money. That’s it. Once you fill out your application, we get back to you within 24 hours. From there, you’ll have legal financing in as little as 24 more hours. The Ally Lawsuit Loan Difference There are a lot of lawsuit lenders and pre-settlement funding companies out there today. Our industry is growing. But that makes it harder for you to find the right loan. You have to fill out multiple applications and review numerous potential loan agreements to find the best interest rate. If you go with Ally Lawsuit Loans right off the bat, however, you can save yourself time, money, and effort.  Nevermind the other applications, Ally Lawsuit Loans offers a unique, three-part promise to all our clients: Qualify for your loan within 24 hours,Get the guaranteed lowest interest rate in the industry; andRepay nothing if you lose. With this guarantee backing your lawsuit […]

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