Intersection Accident Lawsuit Loans Help Injured Victims
Those injured in automobile accidents which occur at an intersection can pursue intersection accident lawsuit loans to help bridge the financial gap between making an injury claim and settlement. Intersection accident lawsuit loans offer immediate cash to help injured victims pay expenses while they wait for their cases to resolve.
Intersection Accidents are Common
Although traffic signals (lights, stop signs, etc.) are used to direct the flow of traffic at intersections, accidents at these areas are plentiful. In fact, more than 50 percent of the combined total of fatal and injury crashes occur at or near intersections according to the US Department of Transportation, Federal Highway Administration.
Even more problematic is the severity of the accidents. Intersection accidents result in severe and permanent physical injury. They can also result in the wrongful death of occupants.
This makes sense since a great deal of these collisions have vehicles traveling in different directions. Compare this to rear end auto accidents and you can understand how severe injuries can result.
The Legal System Provides Some Relief
Of course, nothing can make up for permanent injury or the loss of a loved one. Society however, does provide some relief for those harmed in intersection accidents.
Those who are harmed due to the actions/in-actions of others are allowed to pursue monetary compensation by filing a lawsuit in the various courts in the United States. Again, money is no replacement for life and/or health, but it is the only way society can attempt to make victims “whole” again.
Those who pursue justice for auto intersection accidents do so under the theory of negligence. That is, another driver owes a duty of care to others (drivers and/or pedestrians, etc.) on the road ways. That duty is fulfilled by drivers obeying the rules of the road and exercising caution.
When an accident occurs at an intersection, one or more drivers must be at fault. It is the judge/jury’s task to determine fault under the law. The victim’s task is to physically recover or overcome the damage caused, if possible.
Intersection Accident Lawsuits and Limits to Relief
Intersection accident lawsuits do not move quickly through the court system. If you were ever involved in a civil lawsuit, you quickly learned the wheels of justice turn slowly. Plaintiffs can expect their attempts at justice to last many months and even years before any recovery is made.
The reasons for this situation are many. Not the least of which is the sheer volume of cases in an already crowded case list (docket). The delays are caused by the amount of cases overwhelming the resources available to deal with them. There’s only so much money allocated to adjudicating civil claims. There are simply too many disputes to decide.
The problem is compounded because some plaintiffs are unable to work due to their injuries. They are simply not able to earn as much as before their accident. This creates a monthly shortfall of personal cash flow and can add more stress to an already stressful situation. And this stress can force plaintiffs into accepting low-ball settlement offers rather than wait out the process to receive just compensation.
If this is your situation, intersection accident lawsuit loans can help.
What are Intersection Accident Lawsuit Loans?
Intersection accident lawsuit loans are specialty finance solutions where a lawsuit funding company advances money on a pending settlement. In return, the plaintiff pledges a portion of the future settlement, if any.
Intersection accident lawsuit loans work differently than traditional loans. Whereas normal loans require repayment of the loan amount and interest at some point in the future, intersection accident lawsuit loans are entirely dependent upon you winning your lawsuit. If the lawsuit is lost, no repayment is required and the company takes the loss.
For this reason intersection accident lawsuit loans are deemed non-recourse funding. This means the SOLE source of repayment must be the settlement or lawsuit proceeds. The funding company has “no recourse” against the plaintiff personally for repayment.
The purpose of lawsuit loans is to level the playing field between plaintiffs and financially strong insurance companies who represent most of the defendants in the civil legal system. With the financial staying power intersection accident lawsuit loans provide, plaintiffs are able to endure the long, drawn out legal process and secure just compensation.
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Qualifying for Intersection Accident Lawsuit Loans
The process for obtaining intersection accident lawsuit loans is straightforward and easy. If you were injured as a result of an intersection accident, you will likely qualify for an intersection accident lawsuit loan from Fair Rate Funding. The basic requirements are:
- You are 18 years or older.
- You have a valid claim or lawsuit.
- You have injuries or were otherwise damaged.
- You have an attorney representing you.
If you have all of the above, you are eligible to apply for an intersection accident lawsuit loan.
Because lawsuit loans are not traditional loans, employment status, debts, and your credit score are not factors in determining your eligibility. Instead, liability, damages, and the defendant’s ability to pay (insurance coverage) are the most important factors.
How Much Will I Qualify For?
The amount of an intersection accident lawsuit loan depends on the facts of your particular case. Lawsuit loan underwriters evaluate accident lawsuits every day. They are lawsuit funding experts and will generally approve intersection accident lawsuit loans for approximately 10% of the estimated settlement value of your case.
This amount is a general rule of thumb and can vary greatly depending on liability issues and what stage your case is in the process.
How Do I Get Started With Lawsuit Funding?
Auto insurance companies often delay and deny valid accident claims. If your accident case is dragging on and you need cash now, give us a call at 888-964-2224 to discuss your lawsuit funding options.
Or you can contact us via this website. A representative will reach out to you and explain the process.
When you can’t wait – Call Fair Rate. We are here to help and are at your service.