Settlement Funding for Automobile Accident Cases
If you were involved in an automobile accident, have a lawsuit pending, and need cash now, Fair Rate Funding can help! Fair Rate Funding helps clients obtain auto accident loans on their lawsuits.
Auto Accident Settlement Loans – One Potential Solution
An auto accident can cause both physical, emotional, and often financial hardship on victims. If the legal process is frustrating you but the bills keep coming, settlement funding could very well be the best way to endure the process so that you can settle for what you deserve.
What is a auto accident loan?
An auto accident loan is a specialty finance transaction in which a lawsuit lender, like Fair Rate Funding, advances money on a pending lawsuit or claim. That is, we give you money now and in return, you promise to repay the advance if the case is successful.
Although we call these transactions “loans”, accident loans are not technically loans at all. Traditional loans imply repayment at some point in the future. Lawsuit “loans” depend entirely on whether you win your lawsuit. The difference between loans and lawsuit loans are remarkable.
Think of it this way, you are selling a portion of the future proceeds of the case to the lawsuit funding company. If there are no proceeds, then what was bought expires worthless. The bottom line – you do not pay unless you win your case.
What are the benefits of auto accident loans?
The purpose of lawsuit loans is to level the playing field between injured plaintiffs and financially strong insurance companies. In many instances, car accident victims are unable to work because of their injuries. While they try to recover, bills keep piling up and many find themselves in dire financial condition. This situation forces some plaintiffs to accept “low-ball” settlement offers simply to make ends meet.
Lawsuit loans allow plaintiffs to endure the legal process while their attorneys can secure fair compensation.
Is there a credit application?
Auto accident loans require no credit application because credit is irrelevant. As stated above, lawsuit loans are an advance on a potential future settlement. There are no payments to make and the lawsuit is the sole means for repayment.
What types of cases are considered?
We currently consider lawsuit settlement funding on the following types of automobile accident cases:
- Pedestrian accidents
- Truck accidents
- Motorcycle accidents
- Passenger injuries
- Bicycle accidents
- Intersection accidents
- Rear-end collisions
- Hit and run accidents
- Parking lot and shopping center collisions
- Highway accidents
- Bus Accidents
** If your case type is not listed, please call 888-964-2224 and ask specifically if your case can qualify for car accident settlement funding.
What are the Qualifications for a Auto Accident Loan?
The most important aspects of lawsuit settlement funding for motor vehicle accidents are liability, damages, and coverage.
- Liability – means the defendant owed a duty of care to the plaintiff and breached that duty.
- Damages – the breach of this duty caused the plaintiff to sustain physical, emotional, and/or financial damages.
- Coverage – there is available money via an insurance policy to adequately compensate the plaintiff.
If you have an attorney representing you, chances are you can qualify for a auto accident loan. When you apply for lawsuit funding on your auto accident case, we will contact your attorney and gather some information. Then, our underwriters will review your case and offer typically 10% of what we believe to be the potential settlement value of the case. Keep in mind we tend to be conservative in our estimation.
Where are Auto Accident Settlement Loans Available?
We provide lawsuit funding loans in the following states:
Auto Accident Loans Can Be a Lifeline
Because victims’ injuries are often severe in car accident cases, the lawsuit usually takes time. Plaintiffs must spend time getting treatment and recovering. Often, it takes years before the case is concluded and settlement is reached.
Meanwhile, plaintiffs endure severe emotional and financial stress. Extra financial flexibility in the form of cash is always welcome under these circumstances. This is the way Fair Rate Funding can help you!
If you have a lawsuit based on an auto accident or a motor vehicle case and have a lawyer representing you on a contingency fee basis, which means the attorney is only paid if you win the lawsuit, you may be eligible for an auto accident loan from Fair Rate Funding. If you need cash now, Fair Rate Funding provides settlement funding to help you while your case is litigated.
If You Have Any Questions, Call 888-964-2224
We know you have a choice of lawsuit settlement funding companies and are happy to assist you. To obtain settlement funding in the quickest and easiest manner, please fill out the quick application on this page. We will contact you immediately and begin the process. You can then relax and allow Fair Rate Funding to work for you. We routinely provide lawsuit cash advances within 24 hours of receiving the paperwork from your attorney.
We provide settlement funding services for auto accident lawsuits for the following states: Alabama, Alaska, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Louisiana, Maine, Massachusetts, Michigan, Mississippi, Missouri, Montana, Nebraska, New Hampshire, New Jersey, New Mexico, New York, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, Wisconsin, Wyoming and the District of Columbia.
Thank you for choosing Fair Rate Funding.