Maine Commercial Vehicle Accident Loans
- Get Cash As Soon As Today
- Rates As Low As 2.5% Simple, Monthly
- Repay $0 If You Lose
Apply in Seconds
What Are Commercial Vehicle Accident Loans in Maine?
A car accident loan, also known as pre-settlement funding, is a risk-free financial option for victims of car accidents who have pending lawsuits. This type of loan provides an advance on the potential settlement that victims may receive in the future.
It’s important to understand that car accident loans aren’t loans in the traditional sense. Instead, rather than repayments being made in fixed monthly installments, repayment only happens if you win your case. If you don’t win, you owe nothing back. This makes these loans non-recourse in nature, so they are completely risk-free for the plaintiff.
Most importantly, it’s a practical financial solution that can help plaintiffs manage costs and expenses while waiting for their case to settle. It can be used to pay for living expenses, medical bills, legal costs, and other unexpected charges that might surface during the lawsuit process.
Car accident loans can benefit victims who are facing financial hardship because of injury, work loss, or ongoing legal proceedings. By having access to funds when they need them most, victims can focus on their recovery and navigating their legal journey.
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.
Apply Online or Call Toll-Free
Apply online or call us toll-free at (866) 594-1343. Submitting your application takes minutes.
We Review Your Case
Next, we contact your law firm and collect basic information to review your case. Review only takes a few hours.
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’ve been involved in a car accident in Maine and have a legal claim, LawsuitLoans.io may be able to provide you with a loan. This could help cover your expenses while your case is resolved. However, it’s important to understand that the data about average and largest loan amounts, as well as the average interest rate, is not readily available from LawsuitLoans.io. Statistics do show that the median personal injury verdict in Maine typically ranges from $27,000 to $113,500. Maine law allows for six years to file a personal injury claim following an accident. Furthermore, Maine is an “at-fault” or “tort” state where the driver found to be responsible for the accident is liable for damages.
|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 Commercial Vehicle Accident Loan in Maine?
If you have been involved in a commercial vehicle accident and filed a lawsuit, you may be wondering about the eligibility criteria for car accident lawsuit loans. These loans provide financial relief to plaintiffs while they wait for their case to resolve. So, what qualifies someone for these loans?
Due to the nature of commercial vehicle accidents, a high insurance policy or self-insured entity is typically associated with every claim. This means that the financial risk to the pre-settlement funding company (like LawsuitLoans.io) is reduced, making it easier for plaintiffs to qualify for funding.
The key eligibility criteria are quite straightforward:
- You should already have an attorney hired on a contingency basis. This indicates that your attorney believes your case is strong enough to win, and is willing to stake their fee on the outcome of the case.
- You must be 18 years old or older.
If you meet these criteria, you could be eligible for a car accident lawsuit loan in Maine. Check out the LawsuitLoans.io funding application to start your application today.
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.
Months Until Settlement:
Pay as little as $2,631 on a lawsuit loan of $10,000 if your case settles within 6 months of your advance.
Save as much as $1,697 on a lawsuit loan of $10,000 if your case settles within 6 months of your advance.
Save as much as 39% on a lawsuit loan of $10,000 if your case settles within 6 months of your advance.
Commercial Vehicle Accident Loan Process in Maine
One of the services provided by LawsuitLoans.io is a loan for commercial vehicle accident victims. These loans are designed to help individuals who were injured in an accident and are awaiting the resolution of their legal case. The whole process can be broken down into five main steps:
- Apply Online: To get started, all you need to do is fill out an application online. This can be done by visiting our website and clicking on the ‘apply’ button.
- We Contact Your Law Firm: Once we have received your application, our team will reach out to your law firm to learn more about your case.
- We Review Your Case: After gathering all necessary information from your law firm, we do a review of your case. If the case has a strong potential of being won, we will take the next step.
- You Sign a Contract: If your loan is approved, you will be asked to sign a contract. This agreement will outline the conditions of the loan, including the repayment terms.
- You Get Funds: After the contract is signed, we will send the funds directly to you or your law firm. This money can be used to cover any expenses related to your case or personal needs.
For instance, imagine a plaintiff named John. John was injured in a commercial vehicle accident. After receiving medical treatment, he decided to seek legal action. However, because the legal process can take a long time, he started facing financial difficulties. He applied for a lawsuit loan from LawsuitLoans.io. After completing the application, LawsuitLoans.io contacted his law firm, reviewed his case, and decided to approve the loan. John later signed a contract, and shortly after, he received the funds, which eased his financial difficulties while waiting for the resolution of his case.
Apply today and get funds as soon as the same day you apply!
How Much Money Can I Get From my Commercial Vehicle 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 have a look at an example: Suppose a plaintiff in Maine who was involved in a commercial vehicle accident has a claim valued at approximately $500,000. However, the case is not yet resolved and will take some time. Usually, medical providers receive around 1/3 of the settlement, the attorney gets another 1/3, and the plaintiff ends up with approximately $170,000 in hand. We at LawsuitLoans.io can advance nearly 25% of that amount or $42,500.
What Types of Commercial Vehicles are Frequently Involved in Cases we Fund in Maine?
At LawsuitLoans.io, we fund lawsuits involving a wide variety of vehicles. Below we highlight some of the common types of commercial vehicles involved in accidents in Maine:
Semi-Trucks or Tractor-Trailers
These large, powerful vehicles can cause serious damage when in an accident. Due to their size and weight, these trucks often result in significant injuries.
Vans used for delivering goods and services are another common vehicle involved in accidents. Their constant presence on the road increases their odds of getting into accidents.
School buses transport children, making them a high priority for safety. Accidents involving school buses can lead to serious consequences because they typically carry many passengers at once.
In busy areas where taxis frequently operate, accidents can happen, often resulting in legal battles that need funding.
Rental trucks can also be involved in accidents, especially if the drivers are not accustomed to operating larger vehicles.
While many cases we fund nationwide involve these types of vehicles, it’s important to know that we fund car accident claims involving any kind of privately or commercially used vehicle. Whether you’ve been involved in an accident with a semi-truck in Portland or a delivery van in Bangor, we’re here to provide the funding assistance you need while your legal case is resolved.
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 Maine
At LawsuitLoans.io, we are proud to serve all cities in Maine and across the nation. Here are the top 10 cities in Maine by population where we provide our financial assistance:
- South Portland
So whether you reside in one of these major cities or in any other part of Maine, rest assured knowing that you can count on LawsuitLoans.io for your pre-settlement funding needs.
Roadway Accident Cases we Fund in Maine
At LawsuitLoans.io, we fund almost any type of roadway accident in Maine. Listed below are some types of road accidents we cater for:
- Bicycle Accident Loans: Financial assistance for victims of bike accidents still waiting for their legal claim to resolve.
- Car Accident Loans: Get funding while your car accident case reaches a settlement.
- Commercial Vehicle Accident Loans: Immediate funds for plaintiffs with pending commercial vehicle lawsuits.
- Semi Truck Accident Loans: Seek monetary support while your semi truck accident claim gets resolves.
- Government Vehicle Accident Loans: Financial relief for those injured by government vehicles and have legal claims in progress.
- Motorcycle Accident Loans: Obtain funds while your motorcycle accident lawsuit is underway.
- Pedestrian Accident Loans: Beneficial for pedestrians awaiting their accident lawsuit settlements.
- Rideshare Accident Loans: Financial aid available for victims of rideshare accidents currently going through legal processes.
Get up to $500,000 with rates as low as 2.5% simple, monthly
Maine Commercial Vehicle Accident Funding FAQs
If you are a Maine resident involved in a commercial vehicle accident and have filed a lawsuit, you may have several questions about lawsuit loans. We will answer some of your most frequently asked questions:
How much does it cost to get a commercial vehicle accident lawsuit loan?
The cost to get a commercial vehicle accident lawsuit loan depends on various factors such as the amount of money you require and the duration until your case is resolved. At LawsuitLoans.io, we make sure that our rates are competitive and affordable. Contact us for specific pricing.
Do I qualify for a lawsuit loan on my commercial vehicle accident case?
Most individuals with a valid claim against a third party for a commercial vehicle accident qualify for a lawsuit loan from LawsuitLoans.io. However, we encourage you to apply so our team can review your circumstances and provide a definite answer.
Can you get a loan on a commercial vehicle accident settlement?
In most cases, yes. If you are waiting for a commercial vehicle accident settlement, LawsuitLoans.io can provide you with a loan to help ease your financial stress. Remember, we don’t collect unless you win or settle your case.
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.