What is a Car Accident Lawsuit Loan?
A car accident lawsuit loan is a type of pre-settlement funding designed to provide financial assistance to individuals involved in motor vehicle accidents. Essentially, it acts as a cash advance against the potential settlement of your case, allowing you to cover essential expenses while waiting for your lawsuit to be resolved. These loans are risk-free, meaning repayment is only required if your case is won or settled. If the case is lost, the loan is non-recourse, and no repayment is required. This type of financial support can be crucial in helping you manage medical bills, living expenses, and other costs during a challenging time.
Car Accident Loans and Verum Funding
Looking for automobile accident loans? If you have been in an automobile accident and need funding to pay for your medical treatment, vehicle repairs, lost wages due to you not being able to work or just need an advance while waiting on your case to be settled in court we want to help alleviate your financial burden.
Auto accident lawsuit loans and car accident lawsuit funding provide fast, non-recourse funding to cover urgent costs while waiting for settlement outcomes, relieving the financial stress that accompanies personal injury cases.
We know it can take months or even years for a case to settle, even if all the evidence is stacked in your favor. With all the time that you have had to take off from work, the medical bills that are piling up, or even just the living expenses needed for day to day needs we can help you focus on the more important pieces in life through auto accident pre-settlement funding and car accident settlement options.
If a cash advance is needed, then look no further. Or perhaps legal funding is needed, we can do that too. After all, an auto accident settlement advance or car accident loan is something that should be seriously considered.
With our automobile accident loans we can help you if you have had nerve damage, broken bones, hospital stay, a police report that shows the other at fault, death or any severe injuries. In reality these automobile accident loans are not loans they are actually pre-settlement financing, and they are contingent on a settlement. So, if there is no legal settlement then you are not required to repay the pre-settlement funding. If there is a legal settlement, then repayment on your car accident settlement loan is due when your settlement comes in. Contact us today, so we can help you hold those that are financially responsible.
Car accident settlement loans and pre-settlement loans provide immediate monetary relief for individuals awaiting their insurance settlements, allowing them to cover essential expenses and avoid financial stress during prolonged legal processes.
Benefits of Car Accident Loans
Car accident loans offer several significant benefits to those involved in motor vehicle accidents. Firstly, they provide immediate financial relief, enabling you to cover medical bills, living expenses, and other essential costs while your lawsuit is pending. This financial support can help you avoid the pressure of accepting a lowball settlement offer, giving you the power to negotiate more confidently. Additionally, car accident loans provide a sense of security and financial stability during a difficult period, allowing you to focus on recovery and legal proceedings without the added stress of financial strain.
Automobile Accident Loans & Qualifications Needs for One
You might be able to qualify for an automobile accident loan if you or a loved one have one or more of the following in an auto accident. See below to see if you or one you know has one or more of the following to help establish an automobile accident loan from Verum Funding.
- Severe Injuries (including surgery from an auto accident)
- Police Report (showing you are not at fault)
- A Hospital Stay
- Soft Tissue Damage
- One Or More Broken Bones
- Hospital Stay (due to the accident)
- Death
How to Apply for a Car Accident Pre-Settlement Loan
Applying for a car accident pre-settlement loan is a straightforward process. To qualify, you must have an active lawsuit with legal representation and a cooperative lawyer. The lawsuit loan company will require details about your case and the cooperation of your attorney to determine eligibility. They will assess the likelihood of success and the expected settlement amount to determine the loan amount. Once you submit your application and your case is evaluated, funds can be disbursed within hours if approval goes through. This quick and efficient process ensures you get the financial support you need without unnecessary delays.
What is Non-Recourse in Automobile Accident Loans?
When one gets non-recourse funding for their lawsuit it is only due back to the lender if the case is a win. So, there is no risk on your part if you were in a motorcycle accident or an 18-wheeler one it is all the same. It all is there to relieve the pressure of early settlements due to needing money, but the money is there to use how you see fit. Some use it for.
- Car payments
- Getting a new auto
- Legal bills
- Medical bills
- Rent
- Mortgage
- Paying utilities
- Down payments
- and anything else you can think of.
Just remember that it is 100% risk free, non-recourse so if you lose the case, you owe nothing back from your auto accident loan.
What Type of Automobile Accident Loans Do We Fund?
We fund all types of auto and motorcycle accidents. If somebody has injured, you and it was due to the negligence of another drive, we can probably fund it. Below are some of the types that we fund.
- 18-wheeler accidents
- Bus accidents
- School bus accident
- Lyft and Uber
- Taxi accident
- Commercial Vehicle Accidents
- Motorcycle accident
- Pedestrian accidents
- Auto accident
- Tractor trailer accidents
- and many more
So, if you have an attorney, you have been injured, and your lawyer knows you are looking for funding give us a call. It does not matter if you have good credit, bad credit, no credit, employed, unemployed, all you need is the case that has been filed. We can help you. We have helped many get the lowest rates in the country for their automobile accident loans. Many times, we can get you funded within 24 hours. That is why Verum funding is the leader in car accident loans!
Common Types of Car Accidents
Car accidents can occur in various forms, each presenting unique challenges but sharing the potential to disrupt lives financially. Common types include rear-end collisions, head-on collisions, side-impact collisions, pedestrian accidents, and motorcycle accidents. Regardless of the type, car accident lawsuit loans can provide crucial financial relief, allowing you to cover essential expenses while waiting for your lawsuit to be resolved. This support can help you manage the financial impact of the accident, ensuring you have the resources needed to navigate this difficult time.
What Do I Get When I Choose Verum for My Pre-Settlement Auto Accident Loan?
You will get some of the lowest rates in the country when it comes to legal funding. We work directly with your attorney so there is very little that you have to do. Because we know that you need to focus on the important things like getting better. All we ask is for you to let your attorney know that you are looking for an auto accident loan and give us the contact info for your lawyer. From there we contact them and start to work on the funding.
How Much Can I Get from Verum?
That is a hard one to answer. All cases are different and will be assessed so. The underwriters look at medical treatments, the physician’s records, medical records, ability to work, and any long-term factors also. The more traumatic the accident is the more value that is placed on the claim and the more one could qualify for with our automobile accident loans. The pre-settlement financing can range from $500 to $4,000,000.
Hold Out for the Settlement That You Deserve
Some plaintiffs take a lower settlement than they could have got due to having to settle due to needing money. That’s where we can help you. We know you have medical bills, injuries that have hurt your quality of life, the inability to work or loss earnings, and not to mention the impact of this injury has on your future. Not to mention the money that is needed now! When you get pre settlement financing from us it helps you hold out for a judgement that is fair. Let’s hold those insurance companies and drivers responsible for your suffering. Get what you deserve today! Call us today at 434-535-5229 email us at help@verumfunding.com or fill out the submission form on this page. Let us help you with what you need!
Verum Funding, your source for cash advances for automobile accident loans.