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Answers to Frequently Asked Questions About Car Accident Settlement Loans and Lawsuit Cash Advances

When you are shopping around for a car accident settlement loan, it's important to ask the right questions and get clear and straightforward answers from the legal funding company you plan on choosing to take out a lawsuit cash advance. While loans for car accident victims are a financial lifeline that can get you access to instant cash relief, you should only borrow enough legal financing to help you stay afloat during the lengthy car accident settlement process so you can pay your bills, living expenses, child care obligations, and medical bills related to your auto accident injuries caused by the car accident. 

Here are a common questions for plaintiffs interested in obtaining pre-settlement loans for car accident victims.

 

What can I use a car accident settlement loan for

You can use the car accident settlement loan for anything you need to stay afloat financially and avoid financial disaster during the long car accident settlement process. Most personal injury victims use loans on car accident cases to pay the rent, vehicle repair bills, groceries, mortgage, auto loan payments, child support, and more.

Do I qualify for a car accident settlement loans

You qualify to take out a car accident settlement loan if you got hurt in automobile accident that was not your fault, you hired a personal injury lawyer to recover pain and suffering compensation from the negligent drivers insurance company, and you want to obtain a cash advance against your pending lawsuit settlement.

Will applying for a car accident settlement loan affect my credit score

When you take out pre-settlement funding for car and truck accident lawsuits, your credit score will not be affected. Car accident pre-settlement loans are non-recourse cash advances against pending auto accident claims. Since qualifying and approval is based on the merits of your case and not your credit worthiness, you do not have to undergo a credit check.

What documents are needed for a car accident settlement loan

Car Accident Loans makes the process of obtaining loans against auto accidents fast, simple, hassle-free for victims of car and truck accidents and their personal injury lawyers. Since accident loans are based on the facts and circumstances of your case and not your credit profile, we do not require much documentation from your attorney. After you apply for auto accident loans for pre settlement, we will simply call your law firm and speak with your car accident injury lawyer or the case paralegal managing your file to get some additional details about the lawsuit.

How much can I borrow and how long can I borrow

Car Accident Loans is a full-service financial institution offering lawsuit loans for car and truck accident victims nationwide, ranging from $500 - $100,000. Borrowing money against car accident cases determined by how the crash happened, your car accident injuries, the type and frequency of your medical treatment, and how much auto liability insurance coverage the responsible driver had on the date of loss.

What is your car accident settlement loans rates

Car accident settlement loans interest rates range between 2.5% to 3.25%. You will be advised of the specific interest rate when will call to let you know you have been approved for car accident settlement loan.

Auto Accident Loans

We are the original car accident loan company, committed to providing better auto accident pre-settlement funding solutions for seriously injured accident victims and plaintiffs pursuing wrongful death cases in the United States, who need financial help after devastating traffic collisions. As a national pre-settlement funding financial institution, what we do is help personal injury clients with pending accident claims take out cash loans on car accident settlements. Car accident settlement loans are not conventional loans borrowers would traditionally obtain from a bank or credit union. Although we use the terms “loans” and “accident loans” throughout our website, financial assistance for car accident victims from a legal funding company is provided on a no-risk, non-recourse basis, and is simply a cash advance against a future or potential auto accident settlement. With an auto accident settlement advance, there’s no credit check, no up-front costs, and the client can keep the accident cash advance and pay back nothing if case is lost or the attorney does not recover monetary compensation from the responsible driver or auto liability insurance company.

 

Contact Us

Telephone:
888-715-8701

Email:
funding@caraccidentloans.com

 

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