What Can I Use The Car Accident Cash Advance For
When you take out an auto accident loan before your case is finalized, you get a car accident cash advance based on the estimated value of your case. Clients who have been injured in an accident and need a settlement advance on an accident case use legal cash advances to pay bills, expenses, and unexpected financial emergencies.
Car accident loan companies do not place any restrictions on how personal injury victims and wrongful death claimants use the cash advance. You can use the accident cash advance for any purpose . In fact, the majority of plaintiffs use the case cash to pay their bills, rent, child care expenses, basic living expenses, vehicle loan payment, insurance premium, mortgage, utility bills, medical treatment, funeral expenses, and more.
Car Accident Loans: Same Day Loans On Car Accident Settlements
Car accident loans are legal funding options that help you get a cash advance against a pending car accident lawsuit. This personal injury funding program provides loans for car accident victims who need money before the case is settled. Same day accident loans help you qualify for auto accident pre-settlement funding fast, while youre waiting to receive the settlement money from an insurance claim.
Auto accidents are life-changing events that can cause victims of car and truck crashes to require immediate cash financial assistance after car accident injuries. A car accident loan is a lawsuit financial option designed to help you stay afloat until you receive compensation from your auto accident settlement.
Motor vehicle collisions occur every day throughout the United States. A significant number of these traffic accidents result in serious injuries to motorist and pedestrians. There were 2.44 million people injured in motor vehicle crashes in America. Auto accident personal injury victims who cant afford to wait year for lawsuit to settle can take out a car accident loan to weather the storm.
Accident Claim Loan is a national car accident loan company providing financial assistance after car accident for plaintiffs in the car accident lawsuit process. Pre-settlement loans on car accident cases are designed to help car accident victims survive financially during the lengthy litigation process.
How Can A Pre
There are many ways that a car accident loan can be helpful. A pre-settlement loan for auto accidents helps put difficult cases in a better position so you and your lawyer can focus on properly preparing your lawsuit to WIN BIG. A car accident lawsuit loan can provide you with the money you need while your attorney focuses to obtain the best compensation for you. Insurance companies are known to delay settlements, so a pre-settlement auto accident loan can help you move ahead with your finances while your case is still pending an offer from the insurance or trial.
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Many Different Types Of Cases Qualify
We fund a variety of different lawsuits, not just those involving personal injury. Get in touch with us to find out if we can help with your type of legal claim. Some of the most common cases that qualify for pre-settlement funding include:
- Bicycle and pedestrian accidents
- Employment discrimination
If you have a valid legal claim for which you and your attorney are expecting a settlement, the chances are high that we can help you. All you need to do is reach out.
What Happens If I Lose The Case
Depending on your agreement, you may not have to repay the advance if you lose your case. The lender typically cant recoup the pre-funded amount unless you win your case, so risk of loss is part of its business.
And if your settlement turns out to be for less than the amount you agreed to repay, the lender may not be able to demand the difference. It may only be able to claim whatever settlement proceeds are left over after other prioritized costs have been paid, such as attorney fees and court costs. But the downside of that situation is that you could be left with nothing at the end of your court case. And remember, you can still end up paying a lot in interest and fees while you await a decision.
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Why Same Day Pre
Sometimes, you may not have the time to wait for a future settlement to come through. If you need the money to pay immediate bills, like rent and living expenses, a pre-settlement loan can help you.
Pre-settlement loans are made based on your expected personal injury settlement for your valid court case. There is no credit check or collateral required. Youll obtain the money you need based on the information you and your attorney provide us regarding your court case.
Our pre-settlement loans are based entirely on the validity of your lawsuit. If you lose your case or cannot obtain a settlement, we absorb your financing costs. You only pay us if you win your case.
Why Same Day Pre Settlement Loans
Getting a settlement takes time. Winning a jury verdict in the courtroom almost always takes even longer. In both scenarios, youre still injured and waiting for the money you need to pay for things like medical bills, gas, and groceries.
With Money First Funding, you no longer have to choose between paying down your bills and keeping the lights on. With our simplified same day pre settlement loan offerings, we can help you get your life back on track, with zero risk to you as a borrower.
How does it work? Pre settlement loans are non-recourse funding. This means you have no collateral in the loan, aside from the value of your future expected lawsuit settlement.
In other wordsif you win, we take a portion of your settlement, plus fees. But if you lose or fail to settle, you owe us nothing.
At Money First Funding, transparency and a commitment to helping you is the name of the game. Thats why we prefer a system with easy-to-explain annual fees, over one which charges tricky variable interest rates.
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Are There Any Funding Fees Or Interest Charges
Some pre-settlement funding companies charge interest on the settlement funds or cash advance this is sometimes referred to as a funding fee. This information may or may not be available on the companys website. Before you agree to work with a pre-settlement funding company, check to see:
1) if they charge interest, 2) how much interest the company will charge each month before you receive your settlement or court award, and 3) how often the company compounds the interest companies may compound on a monthly or even weekly basis. Simple interest means that your interest is based only on the principal, your cash advance. Compounding interest means that the interest on the cash advance adds up each week or each month, the total due is based on this new, growing amount. Knowing whether they charge an interest rate and whether it is simple or compounding can directly impact how much money you owe the pre-settlement funding company once you receive your settlement.
Do You Qualify For A Cash Advance
The best way to determine if you qualify for a cash advance on your settlement is to apply. Unfortunately, not all applicants will be eligible for a cash advance on their lawsuit settlement proceeds. To be eligible, you must have retained an attorney. We will work with your attorney to determine if your lawsuit qualifies. We base our decision on the details of your case, how much your attorney believes your case is worth and will settle for, as well as where you are at in the litigation process.
Recently Funded Cases
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Low Simple Rates For Car Accident Lawsuit Loans
Uplift Legal Funding is dedicated to providing clear information about the costs of pre-settlement lawsuit loans and post-settlement loans. A representative can provide you with a nearly-instant written quote for the advance on your first call with us.
In general, Uplift Legal Funding provides simple, non-compounding rates on the car accident loan for as low as 15% every 6 months. .
The car accident loan calculator also gives you an idea of how Uplift Legal Funding compares to typical competitors who use compounding interest rates on their loans instead of simple interest rates.
Car accident settlement loans can be immensely helpful after an accident if used correctly and in moderation. For interested plaintiffs, Uplift Legal Funding is proud to offer rolling monthly contracts to cover ongoing expenses for the duration of your lawsuit.
Is There Any Collateral Required If I Apply For An Car Accident Legal Funding
You do not need any collateral to apply for a auto accident loan. Many personal finance experts will tell you that getting a secured loan is better than applying for an unsecured loan, but it can be difficult or impossible to secure a loan if you have bad credit.
Lenders may require you to put up some sort of collateralusually real estate such as your hometo qualify for a mortgage. Car title loans are similar in that they provide a quick source of capital against your vehicles value without requiring any verification of income or employment.
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Cash Advances In 3 Easy Steps
Fill the Form
You need to fill out an online form and share information such as case type, attorney details, and court location.
Our team talks to your attorney to know case strength & accordingly decide the amount which we can offer to you.
Get Your Cash
We send a contract having the terms of funding. Once we receive the signed copy we transfer the amount to you in just 24 hours.
Auto Liability Claims Against Negligent Drivers Owners And Automobile Manufacturers
Operator and owners of motor vehicles have a responsibility to obey vehicle and traffic safety laws and vehicle regulations and maintain their vehicles in a safe condition so they do not pose an immediate hazard to the public.
The most common causes of traffic collisions include drunk driving, failure to yield the right-of-way to other drivers and pedestrians, failure to obey traffic controls and signs, speeding, distracted drivers, and driver fatigue. However, vehicles that are not properly equipped or maintained contribute to a significant amount of auto wrecks, personal injury, and traffic fatalities.
When vehicles are not properly maintained the driver may lose control of the automobile due to a defective condition and thereby cause a car crash. If a car accident is caused by a defective condition that the owner knew or should have known of, the owner’s failure to maintain their vehicle in a safe condition can constitute negligence. You can apply for a loan against lawsuit settlement if you got injured in a car accident that resulted from driver and / or owner negligence and you’ve hired a lawyer to pursue a third-party liability claim against the responsible party.
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Apply For A Lawsuit Loan From A Reputable Funding Company
Once youve secured legal representation and filed your lawsuit, a pre-settlement funding company can help you cover your living expenses while your case is pending. When you contact a pre-settlement funding company, a representative will evaluate the strength of your legal claims and make an assessment of how much you are likely to receive in a settlement or verdict. They will use this information to determine how much money they can advance you and the interest rate you will pay if your lawsuit is successful.
How Can I Qualify For Pre
Applying for pre-settlement funding through Nova Legal Funding is fast and easy! All you need to do is submit a short application with your name, email address, phone number, state, case type, and contact information for your lawyer. Keep in mind, you must have a lawyer and must have an active lawsuit in order to qualify for pre-settlement funding.
Next, we discuss your case with your lawyer to determine if a fast settlement loan is right for you. We look at every aspect of your case with your lawyer to determine how much your potential settlement may be and if you have a strong case.
Finally, upon approval, we send your cash advance to your bank account or another preferred method of payment within 24 hours.
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What Types Of Legal Cases Qualify For Pre
Legal Capital Corp funds personal injury lawsuit advances directly, and we proudly offer some of the lowest flat fees in the industry. The types of personal injury cases we typically accept include:
- Motor vehicle accidents
- Slip, trip, and fall accidents
- Premises liability
- Automotive expenses
- Everyday expenses for your children and family
Your bills dont stop because of an injury or litigation process. When you need money to pay your regular expenses, you dont have time to wait for a settlement or apply for costly personal loans. Legal Capital Corp can help you get money in as quickly as 24 to 48 hours after the approval of a quick, no-risk application.
What Are The Benefits Of Settlement Loans
Although no two cases are exactly alike, there are significant benefits of pre-settlement loans. First, a lawsuit loan can give you financial peace of mind while your lawsuit is pending. An advance can help you cover your living expenses like mortgage payments, car payments, medical expenses, and childcare until your lawsuit ends. This can prevent you from incurring significant debt during a lawsuit.
Most importantly, litigation financing can give you more time to negotiate a favorable settlement with the defendant. As a plaintiff, the goal of your lawsuit should be to obtain a fair result. Sometimes, the lawyers for the defendant or representatives for the defendants insurance company will do everything they can to reduce the amount of your settlement.
If they know you need money, they may try to pressure you into accepting a low-ball settlement figure. If the defendant refuses to offer you a fair settlement, a pre-settlement loan can help tide you over until a trial. The closer you get to a trial, the more likely the defendant will be to settle your claims in your favor.
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Car Accident Settlement Loans Nationwide For Injured Plaintiffs
Accident Claim Loan is proud to offer same day lawsuit loans for car accident victims nationwide.
Please find below a comprehensive list of states where we currently offer legal funding service and products to plaintiffs with third-party auto liability bodily injury claims.National Car Accident Lawsuit Funding
Alabama auto accident lawsuit
Why Would I Need A Car Accident Grants
Well, if you have been involved in a car accident, things will change. You may have missed a few days from work, and you might be facing medical bills that you just cant afford.
All of these expenses add up fast. If your financial situation puts too much stress on your life, then getting a car accident grants may be in your best interest.
Plaintiffs typically use these loans when they suffer an injury because of someone elses negligence. With these funds, plaintiffs can help relieve some of their financial pressure so they can focus on their recovery instead of stressing about their finances.
Whether helping with medical costs or paying rent while someone recovers at home, these loans provide much-needed relief when people need it most.
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Hi There Thanks For Visiting
My name is Ron Sinai . I founded Nova Legal Funding to help folks like you get access to the cash they need while their lawsuit is ongoing. Not sure if pre-settlement funding is right for you? Click below. Youll find an article written by me explaining exactly how it works so that you can make an informed decision.
Same Day Pre Settlement Loans
When youve got an active pending lawsuit, you know youre on the right track for recovering damages related to your personal injury or accident. However, many become overwhelmed when they realize their money can still be years away.
Fortunately, a same day pre settlement loan with Money First Funding can get you an advance on the expected value of your settlement now, when you need it the most.
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Costs Of Loans For A Car Accident
Though car accident settlement loans do help many personal injury plaintiffs, there are large costs to taking a lawsuit loan.
Because these loans are non-recourse , they are very expensive. Because of the risk involved , funders often charge very high rates.
Also, many plaintiffs tend to take out a larger car accident cash advance than they need. It is important to only take exactly what you need and nothing more. With some companies, any money you take out could cost you more than double at settlement time.
At Uplift, our team reviews tons of auto accident lawsuits. This experience ensures you a better rate on accident settlement loans than competing funding companies.
How Do Car Accident Loans Work
Car accident funding work like any other personal injury loan in that youre borrowing money against your future settlement.
Thats right you dont have to be awarded damages to apply for a lawsuit loanyou just need enough proof that your injuries will qualify you for compensation .
And since we can offer financing within 24 hours of receiving your application, getting approved doesnt take long. All you have to do is fill out the online application form with some basic information about yourself and your current financial situation , then wait for a decision.
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