Maine Car Accident Loans

  • Get Cash as Soon as the Same Business Day
  • Rates as Low as 2.5% Simple, Monthly
  • Repay $0 if You Lose Your Case
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    What Are Car Accident Loans in Maine?

    Car accident loans are a specific form of legal funding. They’re designed to help individuals who have experienced injuries from a car accident and are waiting for their lawsuit settlement. This type of loan is a non-recourse advance, meaning it’s a risk-free method of obtaining needed funds during the litigation process. If you’re a plaintiff in a car accident case, this kind of financial support can provide a lifeline while your case is ongoing.

    Here’s an example: Let’s say you’ve been in a car accident. As a result, you’ve sustained injuries that require medical treatment and possibly prevent you from working. At the same time, you’ve decided to take legal action against the party at fault. This legal battle might drag on for months, or even longer, leaving you with mounting bills and living expenses. This is where car accident loans come in.

    By applying for a car accident loan, you can receive an advance on your expected settlement, which can be used to cover immediate expenses like rent, food, or medical bills. If your case is successful and you receive a settlement, the amount of the advance is then repaid from that settlement. But remember, this is a non-recourse loan; if for some reason you do not receive a settlement, you owe nothing back. The ultimate goal of a car accident loan is to provide financial relief during a difficult time.

    At LawsuitLoans.io, we understand the financial strain that accompanies personal injury cases. That’s why we offer car accident loans to plaintiffs in the state of Maine among other states. To learn more or apply, navigate to our funding application page, or reach us via our toll-free line at (800) 340-4973. We’re here to assist you in your time of need.

    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 Maine

    If you are involved in a car accident in Maine and struggling with financial troubles as your legal case proceeds, a loan can be a lifelight. A car accident loan from LawsuitLoans.io can provide you with the necessary funds you need to cover your living expenses while you wait for the resolution of your case. Below is some key information about car accident loans in the state of Maine.

    Average car accident loan amount by LawsuitLoans.io in Maine Not enough data available
    Largest car accident loan by LawsuitLoans.io in Maine Not enough data available
    Average interest rate in Maine Not enough data available
    Median personal injury verdict in Maine $27,000 to $113,500
    Maine statute of limitations 6 years; Maine Revised Statute Title 14 Section 751
    Maine fault laws Maine 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 Maine?

    If you’ve been involved in a car accident, you might be considering a lawsuit loan to help cover your expenses while waiting for your legal case to settle. In Maine, there are a few factors that determine eligibility for this type of funding:

    • Valid legal claim: To qualify for a car accident loan, you must have a valid legal claim against an insurance company or a self-insured company. This means that another party is the cause of your accident and is legally at fault.
    • Attorney involvement: You must have an attorney handling your case on a contingency basis. This means your attorney only gets paid if you win your case or reach a settlement.
    • Age requirement: You must be at least 18 years old to apply for a car accident loan.

    If you meet these criteria, LawsuitLoans.io can help you navigate the process of obtaining a lawsuit loan. Contact us today at our toll-free number (800) 340-4973, or submit an application directly on our website through the LawsuitLoans.io funding application.

    Get an Instant Quote

    Input your requested funding amount and the time your case may take to settle here to see your potential savings and costs when you choose LawsuitLoans.io. While we sometimes offer rates as low as 2.5%, our calculator assumes a simple, non-compounding monthly rate of 3.3%. This calculator is for illustrative purposes only. Actual terms may differ. Please contact us for an instant, written quote for your request.

    Advance Amount:

    Months Until Settlement:

    $2,900

    Total Cost

    Pay $2,900 on a lawsuit loan of $10,000 if your case settles within 6 months of your advance.

    $1,697

    Your Savings

    Save $1,428 compared to competitors on a lawsuit loan of $10,000 if your case settles within 6 months of your advance.

    33%

    Percent Savings

    Save 33% on a lawsuit loan of $10,000 if your case settles within 6 months of your advance.

    Car Accident Loan Process in Maine

    The process for securing a car accident loan in Maine is typically simple and direct. The critical steps include:

    1. Apply online: Start your application online at LawsuitLoans.io funding application.
    2. We contact your law firm: After receiving your application, LawsuitLoans.io will communicate with your law firm to understand more about your case.
    3. We review your-case: Our team would assess your claim based on sufficiency and probability of prevailing in court. This enables us to determine the amount that can be advanced.
    4. You sign a contract: Once the review is complete and your loan approved, you’ll need to sign a funding agreement.
    5. You get funds: Following the signing of your contract, the funds will promptly be disbursed to help you cover personal, medical, and legal expenses while you await your settlement.

    Let’s consider an example of a plaintiff named John, who was injured in a car accident. John applied online for a car accident loan. His application was received and his law firm was contacted to gather more insights into his case. After a thorough review of his case, John’s loan was approved. He promptly signed the funding agreement and was then able to receive his loan fund from LawsuitLoans.io.

    Get Started

    Apply today and get funds in as little as 24 hours!

    Roadway Accident Cases we Fund in Maine

    At LawsuitLoans.io, we fund almost any type of roadway accident here in Maine. This includes:

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

    Lawsuit loans from LawsuitLoans.io can range from $500 – $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 consider an example where an Maine plaintiff is involved in a car accident case with a $50,000 estimated value. 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 and as a result, the plaintiff would receive around $17,000. At LawsuitLoans.io, we can advance approximately 25% of that amount or roughly $4,250.

    Get $500 – $500,000 in as Little as a Single Business Day!

    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 business day.

    Major Cities we Serve in Maine

    LawsuitLoans.io is proud to serve all cities in Maine and nationwide but among them, there are 10 major cities which stand out for their high population.

    • Portland
    • Lewiston
    • Bangor
    • South Portland
    • Auburn
    • Biddeford
    • Sanford
    • Saco
    • Augusta
    • Westbrook

    Regardless of your location, whether you belong to these major cities or from smaller towns, LawsuitLoans.io provides pre-settlement funding services equally to all residents within Maine and across the country. Don’t hesitate to reach out to us at LawsuitLoans.io or call our toll-free phone number at (800) 340-4973. You can also submit an application directly through the LawsuitLoans.io funding application.

    Maine Car Accident Funding FAQs

    If you’re a Maine resident involved in a car accident lawsuit, you might have some important questions about lawsuit funding. Let’s tackle some of the most frequently asked questions.

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

    The cost to get a lawsuit loan depends on various factors. These include the amount of your requested loan, the details of your case, and the projected timeline until settlement. There are no upfront fees or out-of-pocket costs. For specific fee information related to your case, it’s best to contact LawsuitLoans.io directly at their toll-free number (800) 340-4973.

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

    Qualifying for a lawsuit loan is based on the merits of your case. LawsuitLoans.io looks at factors such as liability, damages, and insurance coverage. If you’ve hired an attorney and your case has a clear liability, you most likely qualify for a lawsuit loan.

    Can you get a loan on a car accident settlement?

    Yes, you can! LawsuitLoans.io offers loans even if your car accident lawsuit has not yet reached a settlement. This funding is called pre-settlement funding. Apply online through the LawsuitLoans.io funding application or call them at their toll-free number (800) 340-4973.

    Get up to $500,000 With Rates as Low as 2.5% Simple, Monthly

    Cities we Service in Maine

    LawsuitLoans.io provides funding throughout Maine. See more about our funding in Maine by visiting the city pages below:

    Other Cases we Fund in Maine

    LawsuitLoans.io provides funding for various personal injury and roadway accident cases in Maine. Read more about the personal injury cases we fund in Maine here:

    Read more about the roadway accident claims we fund in Maine here:

    Get Started

    Apply today and get funds in as little as 24 hours!

    Does LawsuitLoans.io Directly Fund Cases in Maine?

    While LawsuitLoans.io operates as a direct funder in most states it services, we act as a broker and originate funding requests to a select group of partner funding companies in Maine.

    Apply now for a free consultation