Because of the damning evidence against them, Monsanto has agreed to a $10 billion settlement covering an estimated 95,000 claimants. The settlement fund only covers medical treatment that occurs up to December 31, 2020, so time is of the essence for claimants that want to participate in this settlement. Monsanto’s herbicide Roundup first hit the market in 1974. Since then, hundreds of thousands of individuals have used the product to kill weeds. Monsanto markets the product as a clean, safe herbicide, even arguing until 1996 that it was safer than table salt, but this is not true. On the contrary, glyphosate, Roundup’s active ingredient, can cause Non-Hodgkin Lymphoma (NHL), a form of cancer. Glyphosate was given a designation as a probable cancer-causing agent by the World Health Organization’s (WHO) International Agency for Research on Cancer (IARC) in 2015. Internal documents that came to light during the discovery phase of lawsuits against Monsanto reveal that the company knew of glyphosate’s danger for decades and made substantial efforts to keep this information private. How Pre-Settlement Funding Can Help While time is of the essence to file a claim, the settlement will not be paid out immediately. This is a problem for many victims of Roundup who suffer from NHL. On top of the tremendous pain and suffering that comes with NHL and other forms of cancer, these diseases impede your ability to work and can bring significant medical bills with them. The devastating financial strain of these costs on a household can compound quickly. If you’re filing a Roundup cancer lawsuit and need some extra funding to stay afloat financially before receiving a settlement payout, consider a pre-settlement funding agreement through Ally Lawsuit Loans. Ally Lawsuit Loans can help relieve your immediate financial pressure as you wait for the conclusion of your Monsanto Roundup lawsuit. To this end, we offer a lowest-rate guarantee, 24-hour application processing, and reassurance that you’ll pay nothing if your case falls short. Administration of the Roundup Settlement Fund Epiq Legal Solutions has been appointed as the sole neutral, third-party claims administrator in the Monsanto lawsuits settlement fund. Epiq will review all claims, determine their eligibility, and determine each claimant’s total award. Roundup Settlement Fund Point System To ensure fair, objective application and distribution of settlement funds, the Epiq system for assessing each claimant’s reward will apply a “points scheme.” The point system will look at several factors in each case and award points to claimants based on those factors. Some, but not all of the factors that will be used to determine each claimant’s number of points include: Age at diagnosis of NHL;Type of NHL;Extent and nature of treatment for NHL;Total amount and duration of Roundup exposure before diagnosis;Length of time between initial exposure of Roundup and NHL diagnosis;Severity of injury; andExistence of other risk factors for developing NHL before NHL diagnosis. The more strongly these factors apply to you, the higher their point value is. For example, someone whose diagnosis comes at the age of 30 will have a higher point value in the age category than someone whose diagnosis comes at the age of 60. The various categories are split into five levels to gauge their severity. At the highest level (level five) is a claimant who passes away due to their exposure to glyphosate, was otherwise relatively healthy, and was 17 years old at the time of their diagnosis. On the other hand, at the lowest point value is a claimant who had numerous existing health issues, was 80 years old or older at the time of their diagnosis, and did not receive NHL treatment. While a claimant can file an appeal against their points award, only one appeal is possible, and the appeal decision is final. In employing a point system, the Roundup settlement program aims to distribute settlement funds in an objectively verifiable and equitable manner. Extraordinary Injury Fund (EIF) Some claimants will qualify for compensation in addition to their basic settlement award. This extra compensation comes from the settlement’s extraordinary injury fund (EIF). To be eligible for additional compensation from the EIF, a claimant must suffer from damages that surpass a typical Roundup lawsuit claim. Some of the circumstances that will bring a claim to the EIF level include the following: Medical certification demonstrating claimant has just six months to live;Stem cell or CAR-T treatment;Three or more cycles of chemotherapy;Four nights or more spent in the hospital due to NHL treatment;Medical certification demonstrating claimant’s inability to have children due to NHL treatment;Economic loss over $200,000;Organ damage as a result of NHL treatment;An inability to walk without assistance as a result of NHL treatment; andPermanent disability as a result of NHL treatment. These are not the only circumstances that justify additional compensation from the EIF. Other extenuating circumstances related to NHL treatment or diagnosis that rise above an ordinary level can qualify a claimant for additional funding from the Roundup EIF Settlement Program. Qualifying for Funding To qualify for pre-settlement funding of your Monsanto Roundup lawsuit from Ally Lawsuit Loans, a claimant must fulfill three criteria: A claimant must have proof of exposure to Roundup;A claimant must show a medical diagnosis of NHL; andA claimant must enter into the Roundup settlement program and show proof of enrollment. If you can show each of these criteria, Ally Lawsuit Loans can offer pre-settlement funding to help you make ends meet while waiting for your claim’s payment. Don’t Let This Opportunity Pass You By If you suffer from NHL due to Roundup exposure, you deserve compensation. The settlement fund set up for the Monsanto Roundup cancer lawsuit provides the perfect opportunity to get compensation for your injuries without having to hire an attorney and file your own lawsuit. However, the fund only covers medical care before December 31, 2020, so don’t let this opportunity pass you by. Keep in mind that it will take time for Epiq to evaluate your claim and for you to receive your compensation. To make sure your bills are covered […]
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It is incredibly common for employees and their employers to have disagreements or tension in the workplace. The most extreme forms of workplace conflict include discrimination, intentional harassment, and wrongful termination. However, one of the most frustrating ways an employer retaliates against an employee is by not paying them. Fortunately, the Fair Labor Standards Act of 1938 protects workers from bitter employers. Some employers, however, still refuse to pay their employees for their work after a disagreement. Taking an employer to court to get back those unpaid wages is a long, tedious process. If you filed an unpaid wages lawsuit, a pre-settlement loan from Ally Lawsuit Loans can help hold you over until your case settles. We provide cash advances to plaintiffs waiting for unpaid overtime settlements or general labor lawsuit settlements. Unpaid Wage Lawsuits – Facts & History in the United States Prior to the 1940s, it was common for employers to underpay workers. Due to several strikes and growing backlash against child labor, Senator Hugo Black introduced the Fair Labor Standards Act, which Congress passed in 1938. The act established a minimum wage, a 40-hour workweek, and overtime pay. There are several other provisions that make this act a landmark in labor law. For example, the minimum wage must update with inflation and employers must pay time-and-a-half to employees who work overtime. Unfortunately, many companies still try to find ways around this legislation. One way an employer may sneak out of paying their employees is by making verbal agreements instead of written ones. Some may also distribute working hours in a way that prevents adequate payment. Many people don’t report their employers fearing that they may lose their job or more of their wages. Thankfully, attorneys help level the playing field by representing employees in unpaid wage lawsuits. 💰 What is My Unpaid Wage Claim Worth? The value of your unpaid overtime lawsuit depends on a lot of factors. Some plaintiffs may try to collect double-overtime wages, while others might just get paid a lump sum for a project they weren’t paid for. State laws also change the value of an unpaid wage claim. For example, since minimum wage varies between states, a case may be worth more if you work in a state with a higher minimum wage. ⌛ How Long Will It Take My Unpaid Wage Claim to Settle? A significant factor that affects the length and value of a case is the number of plaintiffs. Some cases are between one employee and their employer, while others involve thousands of employees. In 2013, Bank of America paid a massive overtime lawsuit settlement of $73 million to 180,000 employees after having them work off the clock. In addition, some companies offer labor lawsuit settlements quickly to help them mitigate bad press. However, many companies may fight in court for as long as it takes. This makes it difficult to know how long it takes for a case to settle. If you find yourself filing an unpaid wages lawsuit against your employer, a loan from Ally Lawsuit Loans can help you while you wait for your overtime lawsuit settlement. 📞 How Ally Lawsuit Loans Can Help At Ally Lawsuit Loans, we understand how difficult an unpaid wages lawsuit can be. We provide pre-settlement loans for those waiting for their unpaid overtime settlements. It is easy to apply for our funding. After submitting an application, we review it with your attorney to determine the value of your case. If you’re approved, we can deliver cash to you within 24 hours. Most importantly, our pre-settlement loans are risk-free. If you do not receive a labor lawsuit settlement, you pay us nothing. Apply today or call (800) 760-0704 to learn more about our pre-settlement lawsuit loans.
If you are a plaintiff in a pending lawsuit in Las Vegas – such as a personal injury claim – you may qualify for a pre-settlement cash advance against your eventual payout. At Ally Lawsuit Loans, we’ve helped hundreds of folks in Las Vegas get immediate cash to cover their expenses while they wait for their lawsuit to settle. After an injury, you may be left struggling with medical bills, rent, mortgage payments, or general living expenses. Because of these additional financial stressors, going through a personal injury lawsuit makes paying the bills difficult. To reduce stress and anxiety, many people going through a lawsuit apply for lawsuit funding or injury loans. With a cash advance from Ally Lawsuit Loans, you can live comfortably and avoid financial stress while waiting for your settlement. We provide personal injury loans in Las Vegas and around the country. ❓What is a Nevada Personal Injury Loan? A personal injury loan is also known as lawsuit funding or pre-settlement funding. Companies provide personal injury loans to victims of personal injury that are in the middle of a lawsuit. Since insurance companies often take months or years to settle a claim, plaintiffs are often stuck trying to recover financially from their accident. The loan is a type of cash advance. Once a company approves an application, they send money to the applicant. The loan accrues interest, usually compounded monthly at around 1-3%. The size of the loan depends on the expected settlement amount of the applicant’s case. If the applicant loses their case, they are not expected to pay back the loan. We give our personal injury loans in Las Vegas to individuals who cannot wait for their settlement checks in order to remain financially stable. In many cases, someone who sustains an injury has large medical bills and cannot work. However your injury happens, if another party is at fault, our lawsuit funding in Las Vegas can help. 🏆 About Ally Lawsuit Loans At Ally Lawsuit Loans, we understand the financial, physical, and emotional stress of a personal injury case. When waiting for your settlement, you shouldn’t have to struggle with basic living expenses. We help plaintiffs remove that burden and help them when they need it most. Ally Lawsuit Loans provides personal injury loans in Las Vegas for all types of lawsuits and claims, including: Personal injury,Auto accidents,Workers’ compensation,Wrongful termination,Defective drugs, andDefective medical devices. Our application doesn’t require a credit check or employment. The only thing we consider when reviewing your application is the strength of your case. Once you apply for a personal injury loan in Las Vegas, we consult with your attorney and review your lawsuit. Upon approval, we deliver your cash advance. 💰 Pre Settlement Loans for Communities Across Nevada If you are a resident of Las Vegas or any of its surrounding communities –– Las Vegas, Boulder City, Enterprise, Green Valley, Henderson, Laughlin, Pahrump, Paradise. etc. –– and have an attorney representing your case, you may qualify for our lawsuit funding in Las Vegas. ✔ Apply for Lawsuit Funding in Las Vegas Today, Get Cash Tomorrow If you can’t wait for your personal injury settlement, apply for funding through Ally Lawsuit Loans. We offer risk-free personal injury loans in Las Vegas and guarantee the lowest rate in the industry. The application process is very easy and doesn’t require a credit check. Most importantly, you don’t pay us back unless you win your case. We deliver cash for approved applications within 24 hours. Apply today or call (800) 760-0704 to learn more about our pre-settlement personal injury loans in Las Vegas.
When you’re involved in a lengthy lawsuit, your cash flow may run low as your stress runs high. While your attorneys spend months negotiating a settlement, your bank account plummets. You may worry about paying your bills and wonder where to find funding for a lawsuit. We have a simple lawsuit funding suggestion. During this long settlement process, you can apply for a lawsuit cash advance. You may have some questions about a settlement advance. What is a settlement advance? How do you qualify for a cash advance? Why would you get denied funding for a lawsuit? Keep reading for answers to common lawsuit funding questions. What is a Settlement Advance? A settlement advance involves you borrowing from your future settlement award. The simple process follows these four steps: You apply with a lawsuit funding lender.The lender talks to your attorney about the merits of your case.The lender informs you if you qualify for a lawsuit cash advance.The lender delivers your cash advance within 24 hours. You don’t pay back your lawsuit advance until you receive your settlement award. If you don’t win your lawsuit, you owe nothing on your lawsuit cash advance. How Do You Qualify for a Cash Advance? Lawsuit cash advances differ from other loans. For traditional loans, lenders qualify the borrower based on credit score and income. Instead, for lawsuit funding, lenders evaluate the borrower’s potential settlement. Lenders gain the confidence to fund your lawsuit if they think that you are likely to win a substantial settlement. After you apply for a settlement advance, the lender investigates your potential to win a settlement award. The lender calls your attorney to see where your case stands. From this communication, the lender wants to learn a few things about your case: How likely are you to settle?When are you expected to settle?How big of a settlement should you receive? These case factors determine whether you qualify for a lawsuit cash advance. Why Would You Get Denied Funding for a Lawsuit? If a lender denies you a cash advance funding for your lawsuit, you probably feel disappointed. You may wonder what factors lenders evaluated before denying you funding. There are several reasons why a lender may decide not to fund your lawsuit cash advance. Cash Advances Violate State Law Most states allow lawsuit cash advances. However, there are a few states that prohibit this form of financial assistance. Currently, three states ban settlement cash advances: MarylandColoradoTennessee If you live in one of these three states, a lender cannot provide you a lawsuit cash advance. Even if you have a strong case, state law prohibits a lender from offering you an advance. You Don’t Have an Attorney A lender needs to speak to your attorney before offering a lawsuit cash advance. If you don’t have an attorney, the lender cannot make an informed decision on your loan. Even if you present a strong case, the lender needs to understand where you stand legally. Hiring an attorney increases your settlement potential and settlement amount significantly. A lender insists that you hire an attorney because the lender wants you to have the best chance at winning your case. Hire an attorney to expedite your case and your potential for a settlement cash advance. Most personal injury attorneys work on a contingency fee, meaning that you don’t have to pay your attorney up-front. The contingency fee varies by the attorney. You should read your attorney-client contract carefully to make sure you understand contingency fee details. A lawyer working on contingency wants your case to settle for as much as possible. This motivation should make an attorney work even harder for you. Consult several attorneys, and sign on with the one who seems like your best advocate. You Have Other Funding If you already have a cash advance, that doesn’t automatically disqualify you from obtaining a new settlement advance. The second advance functions as a lower interest refinance on the previous settlement advance. However, if you owe more than a lender thinks your settlement is worth, the lender won’t issue another advance. After all, the lender needs to believe that you can pay back the advance. Lenders don’t issue a predetermined cap on cash advances because each case is unique. Each advance depends on the settlement potential of the associated lawsuit. If your previous advance balance falls below your potential settlement, a new lender could offer you another cash advance. Get Pre-Settlement Funding Now Even if a lender has denied your settlement advance before, we will give it a second look. Some of the factors that disqualified you previously may have changed. If you need cash while you wait for your lawsuit settlement, call us at (800) 760-0704 or apply today!
When you file a personal injury lawsuit, you travel a long legal road to settlement. You hire attorneys, give depositions, and collect medical records. You wait while the lawsuit drags on. You worry about your dwindling bank account. You can avoid some of that financial stress with a settlement advance. You can’t hurry the legal process along, but you can tap into your settlement before your case closes. In this process, you borrow from your damage awards and pay back the lender once your case settles. To obtain a settlement advance, apply with a legal cash advance lender. The lender discusses your case with your attorneys and determines whether you qualify for a legal cash advance. If the lender approves you for a settlement advance, you get cash in 24 hours. You pay nothing back until you receive your settlement. You should know a few things about settlements before taking a settlement advance. How are settlements paid out? What steps does the process involve? Here’s what you need to know. 9 Steps to Settlement Reaching a settlement involves work. Parties investigate, negotiate, file insurance claims, and conduct medical evaluations.Settlements take time. The process may span a year or more. You sign stacks of paperwork. When negotiations end, you sign the Order of Settlement. You also sign a release, promising the defendant that you won’t file a future lawsuit on your injury. Terms and conditions are important. Your attorney reviews all documents before submitting them. If your attorney disagrees with terms and conditions, he or she negotiates with the defendant’s attorney.A judge steps in to resolve disputes. If the attorneys cannot reach an agreement on settlement terms and conditions, they go to a judge. This judicial involvement delays the settlement process.The insurance company cuts the check. The defendant’s insurance company pays you after they receive the Order of Settlement and release. The insurance company should issue your check promptly, but they sometimes delay.Your attorney holds onto the check. The insurance company makes the check payable to you and your attorney and sends the money to your attorney’s office. Your attorney deposits the check-in an escrow account, while it clears. Debts have first dibs. You pay any outstanding liens, such as medical bills, child support, or attorney fees. Your attorney takes the amount outlined in your contingency fee agreement.You finally get your cash. Your attorney sends you a check with the remaining settlement award. So, to answer that question, “How are settlements paid out?” It takes time and work. You may feel discouraged reading about such a lengthy settlement process. But know that a big check waits at the end of that ordeal. Apply for a 24 Hour Settlement Advance If you need cash while you wait on your settlement, we can help. We offer a settlement advance with 24-hour cash approval. Contact us by filling out our online form or calling us at (800) 760-0704. If you qualify for a lawsuit cash advance, we’ll send you cash within 24 hours!
Do you feel like you’re stuck between a rock and a hard place while you wait for your lawsuit to settle? You filed a personal injury lawsuit, and you hope to win damages for your injury. The money won’t repair all you’ve suffered, but it will help. However, the average cost of a lawsuit is high. Until you get that settlement, how do you make ends meet? Lawsuit settlement advances help plaintiffs pay their bills while they wait on a settlement. If you’re wondering, “How much do lawsuit loans cost?” you’ll want to know several things about settlement advances: What is a settlement advance?How do you get a settlement advance?What lawsuit loans interest rates apply?When do you pay back your settlement advance? What Is a Settlement Advance? Taking a settlement advance means you borrow money from your future settlement. If you qualify for a settlement advance, you access your award before your case settles. A settlement advance depends on the amount of your potential settlement. It is difficult to give an average cost of a lawsuit cash advance because every case differs. If you are suing for a substantial amount of money, you may qualify for a bigger cash advance. A settlement advance helps you while you wait for your lawsuit to settle, and you owe nothing on your loan until settlement. How Do You Get a Settlement Advance? You apply for a settlement advance with a reputable lender, who evaluates your case. The lender calls your attorney to gauge your chances of reaching a settlement. The lender investigates these factors before offering you a loan: How soon will you settle?What settlement amount do you expect to receive?Have you received any other settlement advances? If the lender receives satisfactory answers to all these questions, the lender will extend you a settlement cash advance. You should have your money within 24 hours. Our guarantee is simple. Within 24 hours of your qualifying, we wire transfer the loan to your account or overnight a check. What Lawsuit Loans Interest Rates Apply? Interest rates, what a lender charges to lend you money, can be confusing. Even though you don’t owe loan payments until your case settles, interest still accumulates. This ambiguity doesn’t provide an easy answer to the inquiry, “How much do lawsuit loans cost?” The amount of interest you pay on your lawsuit loan depends on two things: Your interest rate. Lawsuit loans interest rates are either simple or compounded. Simple interest is easy to calculate. Determine simple interest with this formula: Principal Loan x Annual Interest Rate x Length of Loan. Compound interest, based on your original loan plus the interest accrued, is more difficult to calculate. The formula for compound interest depends on how often your loan compounds: monthly, quarterly, or yearly. How long your case takes to reach a settlement. Accumulated interest climbs higher if you have a longer loan. So, if your case takes a long time to settle, you will owe more in loan interest. While you can’t know exactly how much your lawsuit loan costs, interest rates help you compare lenders. How to Evaluate Settlement Lenders When you evaluate lenders for your settlement cash advance, each lender should give you a payment chart for your loan. The chart doesn’t provide the average cost of a lawsuit cash advance, but it details the lender’s interest rates. If the lawsuit lender does not provide you with a lawsuit loans interest rates chart, beware. You want to work with a lender that is straightforward about lawsuit loan fees. You don’t want any surprises when you settle and pay back your loan. Look carefully at lawsuit loans interest rates before accepting the advance. Consider these details when evaluating any potential lawsuit lender: The lender should detail all fees and provide a simple payment chart.The lender should charge no up-front fees.The lender should provide you a free consultation. Besides interest fees, you may see other fees noted on your contract. Lenders sometimes charge application fees, underwriting fees, and origination fees. However, these fees should not amount to much money. If you see a lender charging exorbitant fees, look elsewhere for your lawsuit loan. When Do You Pay Back Your Settlement Advance? You owe no payment on your lawsuit loan until your case settles. When your case settles, you owe the lender the loan principal plus interest. If you lose your lawsuit, you owe the lender nothing. Although loan interest adds to the cost of your lawsuit, plaintiffs weigh the benefits of these loans against the cost. Lawsuit cash advances help plaintiffs pay bills and relieve stress while plaintiffs wait for a settlement. Get Pre-Settlement Funding Now If you are struggling to make ends meet while you wait for your settlement, we can help. We send cash within 24 hours and guarantee the lowest rates. You owe us nothing if you lose. Stop stressing about cash, and call us at (800) 760-0704 or apply today!
The Texas Department of State Health Services reports that Texans collectively make millions of emergency room visits each year. As anyone who is familiar with healthcare costs knows well, a serious accident can leave an injured victim with stacks of medical bills along with many other expenses. Through a personal injury claim, much needed financial compensation may be available. Of course, the legal process often moves slowly — sometimes frustratingly so. Waiting for a settlement could put serious financial strain on your family. Lawsuit loans offer an answer. At Ally Lawsuit Loans, we offer the lowest rate pre-settlement lawsuit loans in Houston, TX. If you need a lawsuit cash advance in Houston, contact us for immediate assistance. What is a Lawsuit Loan and How Does it Work? A Cash Advance on the Expected Value on Your Lawsuit A lawsuit loan is not technically a loan at all — it is a non recourse cash advance that is supported solely by the future value of a legal case. In other words, in obtaining a lawsuit loan, you are trading part of your settlement or trial verdict in exchange for cash today. If you lose your case, you are not obligated to repay anything. Eligibility is Based on Your Case — Not Your Credit History Whether or not you are eligible for a lawsuit loan in Houston will be based on the strength and projected value of your lawsuit. This is why a lawsuit cash advance cannot be processed until the lending company gets important documents from your attorney. Eligibility does not depend on your financial background or your credit history. Make Sure You Find the Lowest Available Rates Lawsuit loans do not come with monthly payments. Further, should you lose your case, you are not required to pay back the proceeds. There is no risk. Of course, that does not mean that costs are irrelevant. You should always look for a Houston lawsuit lending company that offers the lowest rates. Beyond that, we recommend that you only take out what you need to support yourself and your family. If you are approved for a higher amount, you do not need to accept all of it — you can always come back for a second lawsuit loan should your case take even longer than expected. Pre-Settlement Lawsuit Loans We Offer in Houston, TX At Ally Lawsuit Loans, we fund a wide range of different types of legal cases. If you are expecting to recover financial compensation through a legal settlement or through a lawsuit, you may be qualified for an immediate cash advance. Some of the specific types of cases that we frequently offer lawsuit loans for in Houston, TX include: Personal injury lawsuit loans;Car accident lawsuit loans; Premises liability lawsuits; Medical malpractice lawsuits;Product liability claims; Defective medical device claims; andEmployment law claims, including wrongful termination lawsuits. If you have questions or concerns about whether or not you are eligible to get a cash advance for your Texas lawsuit, we encourage to give us a call right away. Our Houston, TX legal funding specialists will be more than happy to review your case and help you understand your options for a lawsuit loan. Why Choose Ally Lawsuit Loans for Pre-Settlement Funding in Houston, TX Are you applying for a lawsuit cash advance in Houston, TX? Work with the region’s preferred lawsuit lending company. At Ally Lawsuit Loans, we are dedicated to providing plaintiffs (our clients) with the best services in the industry. Specifically, our Houston, TX pre-settlement funding specialists will: Get you access to the lowest rate lawsuit loans in Houston — guaranteed;Process your application efficiently, with approval taking as little as 24 hours; andProvide complete fairness and transparency — with no confusing terms or hidden fees. Finally, we believe in treating our client right. Our customer support team will make sure that you understand exactly what is happening during every step of the application process. If you have questions about lawsuit funding in Southeast Texas, we are always here to provide reliable support. Apply for a Lawsuit Loan in Houston, Texas At Ally Lawsuit Loans, we are committed to providing the lowest interest rate lawsuit loans and pre-settlement funding to clients. If you need immediate funding to support you while your legal claim is still pending, we are here to help. Contact us today to apply for a lawsuit loan. We serve plaintiffs in Houston and throughout the surrounding communities, including in Harris County, Galveston County, Montgomery County, Liberty County, Fort Bend County, and Chambers County.
Even if you have a strong and well-supported legal claim, it can take a significant amount of time to recover full and fair financial compensation through a lawsuit. As described by the American Bar Association (ABA), the typical tort claim — such as a personal injury lawsuit — will take somewhere between three months and twenty-four months to reach a resolution. This raises a potential problem for plaintiffs: What do you do if you need money right now? One option available is that you can borrow money from your settlement. There are, of course, pros and cons to getting a loan against a lawsuit. Still, for many people, lawsuit funding is the most cost-effective way to get bills paid now. How Does Lawsuit Borrowing Work? If you are getting money for a lawsuit or a loan against a lawsuit, you are technically getting something called a ‘non-recourse cash advance’. Although the term ‘loan’ is often used in the industry, lawsuit funding is not technically a loan at all. Instead, plaintiffs “sell” a portion of the value of their case in exchange for immediate cash. This means that your eligibility to borrow against your lawsuit is based on the strength and value of that lawsuit. The higher your settlement is expected to be, the more cash you will likely be able to access today. With lawsuit borrowing, there are no credit checks and there is no income verification. Approval may take as little as a single day. That being said, a lawsuit lending company will need some basic information from your attorney before it can proceed in reviewing your application for a settlement advance. Do I Pay Any Out-of-Pocket Fees if I Borrow Money from a Pending Lawsuit? No. The most reputable lawsuit lenders do not charge any upfront fees or out-of-pocket costs. Since lawsuit loans are not technically loans, there aren’t any fees to process the cash advance. No Monthly Payments — You Only Pay if You Recover Financial Compensation When you are looking for the right lawsuit lending company, two of the most questions you need to ask are as follows: Are there monthly payments? Do I have to repay anything if I lose my case? The answer to both questions should be ‘no’. Lawsuit funding is non-recourse funding. That being said, there should be no monthly payments and you should only be required to pay if you get a settlement or trial verdict. Though there are no monthly payments, it is still important to consider your case. Make sure you find the lowest rate lawsuit funding. When your case is finally resolved, you will want to pay back as little as possible. Sadly, some lawsuit lending companies charge clients sky-high interest rates. There are better options available — Ally Lawsuit Loans guarantees the lowest rates in the entire industry. What Are Your Interest Rates? Your interest rate depends on the nature of your case. We can beat other lending companies by offering interest rates that correlate to the strength of your case. In other words, the stronger your personal injury case is, the lower your interest rate is. Unlike other lawsuit loan companies, we keep the costs of borrowing money from a pending lawsuit low by not taking on every case. Instead, we take cases that have clear liability and severe injuries. More importantly, we don’t check your personal credit history, employment history, or income. We base your interest rate solely on the details of your case. What Types of Cases Do You Fund? At Ally Lawsuit Loans, we fund a full range of personal injury cases, including but not limited to: Automobile accidents;Bicycle accidents;Pedestrian accidents;Work injury claims;Workers’ compensation claims;Medical malpractice;Slip and falls;Nursing home neglect or abuse;Dog bites;Defective products;Defective medical devices;Dangerous drugs; andWrongful death. If you don’t see your case type listed above, you are probably still eligible to borrow money from a pending lawsuit. Please give us a call to discuss the details of your claim. How Long Does it Take to Receive My Loan? This depends on how quickly your lawyer or law firm sends us your case information. In many cases, you may qualify and receive your payment in as little as 24 hours. We can wire transfer the funds to your bank account, send a check, send funds through Western Union, and more. What Can I Use My Cash Advance to Pay For? If you borrow money from a pending lawsuit, you can use it on anything! Most borrowers use their pre-settlement funding to pay for medical bills, rent, utilities, groceries, legal fees, and other expenses. How Much Money Can I Borrow? The size of your offer depends on the value of your case. We have previously offered lawsuit loans from as little as $500 to as much as $750,000. Typically, we offer 10-20% of your expected settlement amount. Apply for Lawsuit Funding Today At Ally Lawsuit Loans, we are proud to provide the lowest cost pre-settlement lawsuit funding to plaintiffs across the country. If you are interested in borrowing money for your lawsuit, please do not hesitate to submit your application today. Give us a call at 844-545-6246 if you have any questions about our pre-settlement lawsuit funding. Our customer support team is here to answer any questions that you might have and to walk you through all aspects of the application process.
Waiting for a lawsuit settlement can be stressful and frustrating. As the American Bar Association (ABA) explains, personal injury claims can take months or even years to reach a final resolution. Unfortunately, your bills are not going to wait that long. This is where a settlement advance offers an answer. In the most simple terms, a settlement advance is a way to trade part of the future value of your lawsuit settlement or trial verdict for immediate cash funding. In other words, a settlement advance can be a cost-effective way for plaintiffs to get some much needed financial breathing room while they wait for the defendant or insurance company to take action. Lawsuit Settlement Advances: Three Important Things You Need to Know Settlement Advance Funding is Not Technically A Loan You may hear a settlement advance referred to as a lawsuit cash advance loan, a personal injury lawsuit loan, or pre-settlement funding. Indeed, many different terms are used within the industry to describe the same thing. Notably, while a settlement advance is often called a “loan”, that is technically a misleading term. Pre-settlement funding is non-recourse funding. This means that you are not required to pay anything if your case never settles or you lose it in court. Instead of getting a loan, plaintiffs are “selling” a portion of their settlement for a cash advance. Eligibility Depends on the Strength of Your Case You are not automatically qualified for settlement funding. Eligibility for this type of cash advance will depend on the strength and total value of your legal case. To be clear, this means that your credit history is irrelevant. At Ally Lawsuit Loans, we do not do credit checks, nor do we require income verification or employment verification. Your financial circumstances will not block you from getting access to the cash advance that you need. The Cost of Lawsuit Funding Matters Finally, it is important to remember that lawsuit funding is not free. While there are no monthly payments and you will owe nothing if you lose your case, you are selling a portion of your settlement. It is imperative that you look for a lawsuit lending company that offers affordable, fair rates. At Ally Lawsuit Loans, we are proud to provide plaintiffs with the lowest rate settlement advance funding— guaranteed. We lookout for the financial interests of our clients. Our team wants you to take only what you need to pay your bills and support your family while you wait for the settlement check. Apply for a Lawsuit Settlement Advance Today At Ally Lawsuit Loans, we are committed to providing the lowest cost settlement advances to plaintiffs. If you are interested in obtaining a cash advance on a pending lawsuit, we are here to help. We encourage you to apply now— you may qualify in as little as 24 hours. Have specific questions? Our top- rated customer service team is standing by, ready to walk you through all of the steps of the application process.
It can take a long time for a lawsuit to be resolved. You may have stacks of bills that need to be paid, but you may not be sure how much longer you will need to wait to get your settlement check. A lawsuit loan is a tool that provides a solution — it allows plaintiffs to get access to immediate funding while their case is still being processed. That being said, getting a lawsuit loan is not right for every plaintiff or for every situation. At Ally Lawsuit Loans, we are committed to offering plaintiffs the lowest interest rate lawsuit loans — guaranteed. We want to make sure that you are able to make the best decision for your own circumstances. No-pressure legal funding is available. Here, our team has put together a list of the pros and cons of applying for pre-settlement funding. What You Need to Know About Lawsuit Settlement Loans Pros: The Top Three Advantages of Obtaining a Lawsuit Loan A Cash Advance Can Tide You Over: First and foremost, the biggest advantage of getting a pre-settlement lawsuit loan is that you can get access to money now. If you are unable to cover your bills or you are in a particularly tight financial situation, a lawsuit cash advance offers an immediate solution. You will get the financial breathing room that you need. Your Attorney May Be Able to Get a Better Settlement: In some cases, a lawsuit loan can actually help plaintiffs obtain a better settlement offer. Without immediate financial pressure to settle your case, your attorney will have more time to build and present a strong, compelling case. Do not let an insurance company pressure you into accepting an unfair, low settlement. You Pay Nothing if You Lose: Finally, you can get no-risk legal funding. At Ally Lawsuit Loans, we offer our clients zero risk cash advances. If they do not win their case, they do not have to pay back the loan. End of story. For example, if you receive a car accident settlement loan from us, and then, for whatever reason, your attorney is unable to settle your case and recover compensation for you, you have no further obligation. You get to keep the money. Cons: Two Potential Disadvantages of Getting Lawsuit Funding There are Financial Costs: The primary drawback of getting a lawsuit loan is pretty simple: it costs money. Legal funding is not free. For this reason, you should never take a larger lawsuit loan than you actually need. You should also be sure to find a pre-settlement loan that offers the lowest fees and interest rate. As explained by Investopedia, the cost of interest will compound over time. You May Not Qualify: Another downside of applying for a loan is that your case may not actually qualify for funding. To get a lawsuit loan approved, there are some requirements that must be satisfied. Our legal lending specialists will work directly with your attorney to determine if you are eligible to receive a pre-settlement cash advance. We understand that it can be frustrating to go through the application process only to be denied in the end. Our team works hard to provide flexible funding solutions for plaintiffs. Apply for a Lawsuit Loan Today At Ally Lawsuit Loans, we always encourage our clients to request only what they need to pay their bills while they are awaiting their settlement or judgment. You can always come back to us and get a second lawsuit loan. To apply for legal funding, please do not hesitate to contact us today. We look forward to assisting you.