Louisiana Car Accident Loans

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    What Are Car Accident Loans in Louisiana

    Car accident loans, also referred to as pre-settlement funding or lawsuit loans, are a unique financial tool available to plaintiffs engaged in personal injury claims. These loans are essentially a cash advance that is given based on the potential outcome of the plaintiff’s lawsuit.

    In Louisiana, car accident loans have become an increasingly popular means of maintaining financial stability during the lengthy and often challenging legal process. The essential characteristic of these loans is that they are non-recourse. This simply means that if the plaintiff does not win their case, they are not obligated to repay the loan. Consequently, the risk is entirely on the lender, not the individual plaintiff.

    Here’s a practical example: Say you’re involved in a car accident due to someone else’s negligence. You file a lawsuit seeking compensation for your injuries and damages. Unfortunately, legal proceedings can drag on for months, sometimes even years. In the meantime, you’re dealing with medical bills, car repairs, lost wages, and other financial hardships, all while trying to recover from your injuries.

    That’s where a car accident loan steps in. By applying for a car accident loan with LawsuitLoans.io, you can receive funds to help you manage these financial burdens while your case proceeds through the court. This short-term financial support can give you peace of mind, allowing you to focus on what matters most — your recovery and fighting for justice.

    How Lawsuit Loans Work

    Here’s how the lawsuit loan process works in three easy steps. The entire process can be completed within 24 hours with your attorney’s help.

    Telephone Icon - Starting the process is easy, just apply online or call toll free

    Apply Online or Call Toll-Free

    Apply online or call us toll-free at (866) 594-1343. Submitting your application takes minutes.

    Review Icon - We quickly review your legal case.

    We Review Your Case

    Next, we contact your law firm and collect basic information to review your case. Review only takes a few hours.

    Money Bag Icon - Once we approve your case, you and your attorney sign the contract and you get cash the same day

    You Receive Funds

    You and your attorney review and sign our funding contract. Once complete, you can have funds within hours.

    Key Information About Car Accident Loans in Louisiana

    If you’re involved in a car accident in Louisiana, it’s important to understand the financial assistance options available to you. One such option is Lawsuit Loan. While your legal case is in progress, these loans can provide you with the funds necessary to cover personal expenditures. The following table provides some key data about LawsuitLoans.io’s car accident loans in Louisiana:

    Average car accident loan amount by LawsuitLoans.io in Louisiana $8,126.46
    Largest car accident loan by LawsuitLoans.io in Louisiana $83,591.00
    Average interest rate in Louisiana 21.5%
    Median personal injury verdict in Louisiana $95,000.00
    Louisiana statute of limitations 1 Year; Louisiana Civil Code Section 3492
    Louisiana fault laws Louisiana is an “at-fault” or “tort” state, meaning the driver found to be responsible for the accident is liable for damages.

    Get up to $500,000 with rates as low as 2.5% simple, monthly

    Am I Eligible for a Car Accident Loan in Louisiana?

    If you’ve been in a car accident and are currently dealing with a lawsuit, you might be eligible for a lawsuit loan. This type of loan can provide you with the funds you need to cover your expenses while your legal case is being settled. But to be eligible, there are a few important criteria that you must fulfill.

    First, you must have a valid legal claim against an insurance company or self-insured company. Note that this includes not only car insurance companies but also other types of insurers, such as homeowner’s insurance companies or workers’ compensation providers. The existence of a qualifying legal claim is the cornerstone of eligibility for car accident lawsuit loans.

    Second, you must have an attorney hired on a contingency basis. This means that your attorney agrees to get paid only if they win or settle your case. This shows your lender that you have professional legal representation and a strong case.

    Lastly, you must be at least 18 years old. This is because the legal contracts involved in these transactions require one to be of a certain age to be enforceable.

    In sum, to determine whether you’re eligible for a car accident loan in Louisiana, consider these three factors: the legitimacy of your legal claim, your attorney’s agreement to work on a contingency basis, and your age.

    Get an Instant Quote

    Input your requested funding amount and the time your case may take to settle here to see your savings and cost when you choose LawsuitLoans.io. While we sometimes offer interest rates as low as 2.5%, our calculator assumes an interest rate of 2.9%. This calculator is illustrative – please contact us for an instant, written quote for your request.

    Advance Amount:

    Months Until Settlement:

    $2,631

    Total Cost

    Pay as little as $2,631 on a lawsuit loan of $10,000 if your case settles within 6 months of your advance.

    $1,697

    Your Savings

    Save as much as $1,697 on a lawsuit loan of $10,000 if your case settles within 6 months of your advance.

    39%

    Percent Savings

    Save as much as 39% on a lawsuit loan of $10,000 if your case settles within 6 months of your advance.

    Car Accident Loan Process in Louisiana

    Lawsuit loans can be a beneficial financial solution for those involved in personal injury cases. They are particularly helpful for people involved in car accidents. In this section, we will break down how our auto accident loans process happens in Louisiana. This process can typically be broken down into five simple steps:

    1. Apply online
    2. We contact your law firm
    3. We review your case
    4. You sign a contract
    5. You get funds

    Let’s say you’re an individual named John who was injured in a car accident in Louisiana. You’ve filed your lawsuit but need funds to manage your expenses while waiting for your legal case to resolve. Here’s how the process would work for you:

    Step 1: First, John applies online at our LawsuitLoans.io funding application page. This step is straightforward and usually takes only a few minutes.

    Step 2: After receiving the application, we at LawsuitLoans.io would contact John’s law firm to gather more information about his case.

    Step 3: Once we have all the necessary details, our team of legal experts will carefully review John’s case.

    Step 4: If John’s case qualifies, he would receive a contract to sign, finalizing the pre-settlement financing agreement.

    Step 5: After John signs the contract, he can quickly get the lawsuit funds he needs. These funds can help cover living expenses or medical bills while John waits for his case to settle.

    In conclusion, getting a lawsuit loan after a car accident in Louisiana can be a smooth process, providing plaintiffs like John with the financial stability they need during a typically stressful time.

    Get Started

    Apply today and get funds as soon as the same day you apply!

    Roadway Accident Cases we Fund in Louisiana

    We fund almost any type of roadway accident in Louisiana. Here’s a list to give you a better idea:

    • Bicycle Accident Loans: You can apply for our Bicycle Accident Loans if you’ve been injured in a bicycle accident and have a legal claim.
    • Car Accident Loans: Our Car Accident Loans support victims with personal injury claims awaiting a case resolution.
    • Commercial Vehicle Accident Loans: If your legal claim is related to a commercial vehicle accident, consider this loan option.
    • Government Vehicle Accident Loans: This funding is for individuals with pending cases involving accidents with government vehicles.
    • Motorcycle Accident Loans: Motorcycle accident victims awaiting case resolution can benefit from our Motorcycle Accident Loans.
    • Pedestrian Accident Loans: If you’re a pedestrian who was injured and have a legal case pending, this loan may be right for you.
    • Rideshare Accident Loans: For victims of rideshare accidents who are waiting for their legal case to resolve, we offer Rideshare Accident Loans.
    • Semi-Truck Accident Loans: If you’ve been involved in a semi-truck accident and have an ongoing case, consider our Semi-Truck Accident Loans.

    How Much Money Can I Get From my Car Accident Pre-settlement Loan?

    Lawsuit loans from LawsuitLoans.io can range from $500 to over $1,000,000. We can advance up to a maximum of 25% of your expected portion of the settlement if your case is still in progress. For settled cases, we can offer 50% of your expected portion of the settlement.

    Let’s look at an example: A Louisiana plaintiff is involved in a car accident case with an estimated value of $50,000. The case is still in progress and will not settle for some time. As a general rule of thumb, medical providers get paid around 1/3 of the settlement, the attorney gets another 1/3 of the settlement. As a result, the plaintiff would receive around $17,000. In this case, we can advance approximately 25% of that amount or $4,250.

    Get $500 – $100,000 as soon as today

    We understand that if you’re applying for funding with us, you needed the funding yesterday. With your attorney’s cooperation, we can provide funding as soon as the same day you apply with us.

    Major Cities we Serve in Louisiana

    As a trusted pre-settlement funding company, LawsuitLoans.io proudly extends its services to all corners of Louisiana and beyond. Here are the top 10 most populous cities in Louisiana, where we offer our comprehensive funding solutions:

    1. New Orleans
    2. Baton Rouge
    3. Shreveport
    4. Lafayette
    5. Lake Charles
    6. Bossier City
    7. Kenner
    8. Monroe
    9. Alexandria
    10. Houma

    If you’re a resident of any of these cities or anywhere else in Louisiana or even nationwide, you can reach out to us for help. Use our website LawsuitLoans.io or call our toll free number (866) 594-1343. You can also apply directly via our funding application.

    Louisiana Car Accident Funding FAQs

    To make the process smoother for Louisiana citizens, we’ve gathered some frequently asked questions.

    How much does it cost to get a car accident lawsuit loan?

    The cost varies based on each unique case. Once we have details about your case, we’ll be able to provide an estimated cost.

    Do I qualify for a lawsuit loan on my car accident case?

    To qualify for a lawsuit loan, you need to have a valid legal claim in a car accident case. Our team will review your case and decide if you’re fit for a lawsuit loan.

    Can you get a loan on a car accident settlement?

    Yes, you can apply for a loan once your car accident settlement has been decided. We provide funds to plaintiffs while they are waiting for their legal proceedings to be resolved. Please visit our application page for more information.

    Get up to $500,000 with rates as low as 2.5% simple, monthly

    Apply now for a free consultation