Car Accident Cash Advance – Accident loan alternatives
Automobile accidents can have a significant impact on so many lives, particularly when they result in serious injuries which can impact the earning potential of the victims. Luckily for the victims, Cash For Lawsuits offers car accident cash advances that can provide fast, easy relief to ease the financial burdens that might come from being unable to work or paying for large out of pocket expenses.
Unlike a car accident loan or other accident loans, all our lawsuit cash advances are Non-Recourse, meaning if you lose your pending personal injury lawsuit, you owe us nothing. Once approved, you can use the Advance to pay rent, a mortgage payment, to cover living expenses and/or outstanding debt without having to wait for your pending case to settle.
This form of pre-settlement funding gives you immediate relief and can take as little as 24 hours to approve, where as a traditional car accident loan can take longer and can require repayment regardless of the outcome of your case. You may even find yourself making payments on the accident loan not long after receiving the funds where as a car accident cash advance gives you the money you need without the need for monthly payments.
If you are interested in learning more or applying for a car accident cash advance, apply here.
Car Accidents and Car Accident Lawsuits On the Rise
According to the National Highway Traffic Safety Administration, there are nearly 5.5 million car accidents in the United States each year and 60,000 truck accidents. This leads to nearly 3 million people being injured. In addition, the New York Times reported that in 2016, there were over 40,000 fatalities due to auto accidents which represented a 6% increase from the prior year and a nearly 15% increase over the two-year period compared to 2014.
This increase in accidents and fatalities can be attributed to many factors including distracted driving due to the use of cell phones and car accessories like navigation. Rising highway speed limits also contribute. As a result, it is easy to understand that car accident loans and car accident cash advances are on the rise as well. With the median auto accident settlement around $31,000, if you find yourself impacted by an auto accident, you may need a lawsuit cash advance. Cash For Lawsuits can help you to select the right option for you.
Car Accident Cash Advances: Do you qualify for funding?
Your qualification will depend on your unique situation including the type of accident you suffered, what injuries your incurred and what state the accident occurred. Cash For Lawsuits pledges to do everything possible to get you the maximum pre-settlement funding possible for your car accident cash advance. As a general guidance, any accident in which there is personal injury would qualify for a lawsuit cash advance. We find the following accident types to be the most common:
- Car accidents
- Truck accidents
- Motorcyle accidents
- Bus accidents
- Uber & Lyft accidents
- Taxi accidents
- Carrier vehicle accidents
- Non-motorized vehicle accidents
In terms of injury, Cash For Lawsuits may provide a cash advance if you incurred any of these more common injuries:
- Head injuries
- Brain trauma
- Broken or fractured bones
Other, more severe injuries to either the plaintiff or a passenger may also be covered. These include, but are not limited to the following:
- Spinal injuries including paralysis
- Death or serious injury to a passenger
What are the benefits of a Car Accident Cash Advance?
The legal system is set up to be equitable and to ensure the facts are discovered and heard before a judgement can be made. The issue with the judicial process is that it can be lengthy as it runs the course and this does not benefit a plaintiff, particularly one like yourself that may be waiting on much needed funds to pay bills and support your family. With a car accident cash advance, a lawsuit loan or a car accident loan, all methods provide you with the cash you need now while you wait for the settlement of your personal injury case. However, two things differentiate a lawsuit cash advance, particularly from a car accident loan:
- Car accident cash advances are non-recourse meaning there is no recourse. If you lose, this form of pre-settlement funding requires no repayment. The money is yours to keep and the risk all falls on Cash For Lawsuits.
- Car accident loans or accident loans may require repayment with interest. These payments may begin not long after you are awarded your lawsuit cash advance. This creates additional strain on a Plaintiff as they have received an advance on their settlement, they still have the stresses of their court case and they now have to find funding to make payments. To further complicate the issue, should you lose your court case, you are now required to repay the entire accident loan plus interest.
A clearly beneficial solution is the car accident cash advance and lucky for you, Cash For Lawsuits is an industry leader known for its fast and reliable pre-settlement funding options.
How do you apply for a Car Accident Cash Advance?
The process for applying for a car accident cash advance is simple and easy and with one of the best lawsuit funding companies in the United States, Cash For Lawsuits makes it that much easier!
If you are a victim of an auto accident and are suffering an injury, you have enough on your plate as you fight your legal case. This is where Cash For Lawsuits goes to work for you and helps you to choose the best option of funding.
Step 1: Apply online or Call To Speak to a Live Agent – Fill out our easy to use, online form that provides Cash For Lawsuits with all the necessary information we need to get started on your case.
Step 2: Review Case Documentation – Cash For Lawsuits will contact your Attorney to work with them to obtain the necessary copies of your case documents. Once we have the necessary paperwork, an initial assessment can be made on your case which will be determined by our Underwriting staff. At this point, the case is either approved or denied.
Step 3: Advancing Your Pre-Settlement Funding – When an agreement is reached between you and Cash For Lawsuits, both parties will sign a Funding Agreement along with your Attorney. As soon as that Agreement is signed, funds are sent out within 24 hours. It happens that fast!