Can an Injured Car Accident Passenger Qualify for a Lawsuit Loan?
Car accidents occur every day. It is simply an unfortunate aspect of travel in passenger cars and trucks. Injured car passengers confront economic and non-economic (pain and suffering) damages. Obviously, for those injured in car accidents, challenges await. Car accident passenger lawsuit loans can help.
For example, injuries require medical attention, even if only to figure out the severity of the condition. Motor vehicle accident victims such as passengers are entitled to seek financial recovery against the at-fault party. That’s the good news.
The bad news is that recovery takes time – often years. During this time, injured car passengers still must pay their bills. Regular living expenses and medical bills can pile up.
Back to the good news. If you are a car passenger, you can seek a car passenger lawsuit loan to help pay your expenses while you wait for your case to settle. Car passenger lawsuit loans are specialty financial products which offer an economic lifeline to those injured while traveling as a passenger in a car.
What is a Car Accident Lawsuit Loan?
A car passenger lawsuit loan is when an injured car accident lawsuit plaintiff pledges a portion of a future settlement to a lawsuit loan company, like Fair Rate Funding. The lawsuit loan business advances money to car passenger plaintiffs to help pay expense such as:
- daily living expenses
- medical treatment
- property damage
- and a host of others.
In fact, there are no restrictions on the use of car accident passenger lawsuit loans. After all, it’s your money.
Why are Passengers Good Candidates for Passenger Accident Lawsuit Loans?
Car accident passengers are great candidates for lawsuit loans because liability is easy to establish. Negligence cases require a party to be “at fault” for the accident. Injured passengers are almost always NOT at fault in causing the accident simply because they are not in control of any vehicle.
Of course, damages must also be established. Medical records such as diagnostic imaging or medical treatment are evidence of damages. So are lost wages and pain and suffering.
Because lawsuit loan repayment is usually an “all or nothing” thing, lawsuit loan companies give preference to cases where liability is clearly established. That’s why passenger lawsuit loans are good risks for funding companies.
What is the Lawsuit Loan Process?
Fair Rate Funding provides fast, low-cost lawsuit loans to injured car accident passengers. Our process is quick, easy and risk free. The steps are as follows:
- Call us at 888-964-2224 or contact us 24 hours a day.
- Once contacted, one of our representatives will reach out to you to discuss your funding options.
- We send a request for information to your attorney and we begin processing the application.
- Once paperwork is received and reviewed, one of our underwriters will contact your attorney’s office and briefly discuss the case.
- You will receive an update on a daily basis from a member of our team.
- Once approved, we send you a contract for signature.
- When the agreement is done, we send you your advance either by electronic transfer or check via overnight delivery.
- You receive a cash advance to use until your settlement.
If You Have Any Questions, Call 888-964-2224
WE ARE HERE TO HELP YOU!
What are the Benefits of Lawsuit Loans for Car Passenger Injuries?
Car accident passengers see the value of lawsuit loans because they are:
- Quick – most are processed in a couple of days.
- Flexible – payments can be made in a lump sum or a series of payments.
- Risk Free – repayments only if you win your case.
- No monthly payments.
- You owe us nothing until your case settles.
Passenger lawsuit loans seek to level the playing field between injured car accident passengers and the financially strong insurance businesses which typically defend personal injury lawsuits. Lawsuit loans give injured passengers the financial means to endure the process. This way, they are not pressured into taking low-ball settlement offers simply because they are broke financially. With the ability to pay their bills and living expenses, lawsuit loans allow personal injury attorneys to pursue their clients’ claims properly. Litigating personal injury cases the right way ensures the maximum settlement.
Why Choose Fair Rate Funding for a Passenger Lawsuit Loan?
Fair Rate Funding provides the lowest rates for settlement funding for passenger injury lawsuit loans and helps plaintiffs get some of the proceeds from their case immediately.
Understandably, compensation of any amount cannot make up for extensive damages or the loss of a loved one from an auto accident. But, while the case is in progress, lawsuit loans can lessen financial burdens. Without the pressure to settle, plaintiffs can refuse “low-ball” settlement offers and their attorneys have time to secure just compensation.
How to Get an Accident Lawsuit Loan?
Fair Rate Funding lawsuit loans offer the most competitive terms in the business. We can have cash in your hands in as little as 24 hours. Obtaining lawsuit loans for passenger injuries is simple and straightforward.
Simply contact us and start the lawsuit funding process. With your permission, we will contact your attorney and go over the details of the case. For more information about how we evaluate cases, visit the post about underwriting lawsuit loans.
Call us now on 888-964-2224 or fill out the online form to start the process.