In the simplest terms, a structured settlement is a series of periodic payments paid out by the defendant or its insurance company in order to resolve a legal claim. In some circumstances, a plaintiff may prefer a structured settlement over a lump sum settlement.
However, for a number of different reasons, a structured settlement may prove to be inadequate to cover a person’s current expenses — you may need cash now. Fortunately, if you have a structured settlement, there are affordable options available to get a cash advance.
You can sell a portion of your future payments to get money right now. This is often referred to as a structured settlement loan. At Ally Lawsuit Loans, we offer the lowest rate structured settlement loans for plaintiffs in the entire industry. If you need a cash advance on your structured settlement, our funding specialists are standing by, ready to help.
What You Need to Know About Structured Settlement Loans
You should know that the term structured settlement loan is a bit of a misnomer. In reality, this type of financial arrangement is not a ‘loan’ at all. Instead, it refers to an agreement whereby you sell a portion (or all) of your future payments in exchange for an immediate cash advance.
For example, imagine that you have a structured settlement that pays $10,000 once per year, for the next ten years. Should you need an immediate cash advance, you would have the option to sell some of those future payments in exchange for cash today.
Depending on the circumstances, there are a number of different benefits to obtaining a structured settlement loan.
With a structured settlement loan, you can pay off medical bills, take care of your rent or mortgage obligations, or handle other day-to-day expenses. The bottom line: If you are in a tight financial position or if you have debt that you want to pay off, loans for structured settlements are a sensible and affordable option.
Of course, you need to be sure that you are working with a reputable company. It is crucial that you get the lowest rate and that you avoid any hidden terms or undisclosed fees. Unfortunately, there are some unscrupulous companies in the industry. You deserve better. Whether you a seeking a structured settlement loan, a car accident lawsuit loan, or any other type of pre-settlement funding or post settlement funding, look for a trustworthy provider.
Structured Settlement Loans are Flexible
You may be wondering what type of structured settlement loan is available. At Ally Lawsuit Loans, we recommended that our clients take only what they need to pay their bills and live comfortably.
This is why we are committed to offering flexible financing options. Whether you want a cash advance on the full amount of your structured settlement or you want to get a minor advance on a relatively small portion of your settlement to cover some bills, our team has financing options.
Why Choose Ally Lawsuit Loans
Are you ready to apply for a structured settlement loan? If so, our funding specialists are here for you. At Ally Lawsuit Loans, we make qualifying for structured settlement funding easier than it has ever been before. Among other things, our company is committed to providing our clients:
- The lowest rate lawsuit loan funding — guaranteed;
- A fair, transparent, and understandable application process;
- Quick access to your cash advance; and
- Round-the-clock customer support services.
Applying for a lawsuit loan can be confusing, even stressful. Our structured settlement funding professionals are here to answer your questions and help you find the best available solution. With Ally Lawsuit Loans, getting an affordable cash advance on your structured settlement has never been more simple.
Apply for a Structured Settlement Loan Today
At Ally Lawsuit Loans, we offer the lowest rate structured settlement loans. Our lawsuit funding specialists have made it easier than ever to apply for a structured settlement loan. If you or your loved one is waiting on a lawsuit settlement, our team is here to guide you through the process. To find out more about what we can do for you, please contact us today or apply now.