Maine Semi Truck Accident Loans
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- Rates As Low As 2.5% Simple, Monthly
- Repay $0 If You Lose
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What Are Semi-Truck Accident Loans in Maine?
If you’re a plaintiff in a semi-truck accident case, an accident loan might be the financial solution you need. But what exactly is a semi-truck accident loan and how does it work?
A semi-truck accident loan is not really a loan in the conventional sense, but a non-recourse cash advance. This basically means that the money advanced to you is based entirely on the expected amount of your future accident settlement. It’s essentially a way of getting part of your settlement faster to support your needs as you go through the legal process.
For example, let’s take a look at a hypothetical case. Consider a lady named Kayla, who was unfortunate enough to have been involved in a semi-truck accident. Pending the legal finalization of her case, Kayla can apply for legal funding or a semi-truck accident loan. The funds can help her manage her living expenses, pay for medical bills, and continue with her daily activities while waiting for her case to resolve. Remember, this is not a traditional loan, so Kayla only has to repay the advance if she wins her case. If she doesn’t win, she owes nothing.
This form of advance provides a lifeline for plaintiffs like Kayla, giving them access to the finance they need to support their case and everyday life.
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.
Types of Semi-Truck Accident Claims in Maine
In Maine, accidents involving semi-trucks can lead to various types of legal claims. Here are some common examples:
- Rear-end collisions: These occur when a semi-truck crashes into the vehicle in front. Due to the truck’s size and weight, such incidents often result in serious injuries.
- Jackknife accidents: This kind of accident happens when the towing vehicle skids, causing the trailer to push it from behind until it spins around. It is called a jackknife because it mimics the acute angle of a folding pocket knife.
- Underride accidents: If a smaller vehicle hits a truck from behind and slips under the trailer, it is known as an underride accident. In many cases, these accidents are fatal.
Each type of accident has its own unique circumstances that can impact who is found at fault and, consequently, the success of a lawsuit. In Maine, the fault laws operate on a modified comparative negligence system. This means that if the plaintiff is found to be partially at fault for the accident, their claim compensation can be reduced by the percentage of their fault. If the plaintiff is found 50% or more at fault, they may not be able to recover any compensation.
Contact LawsuitLoans.io at (866) 594-1343 or fill out our online application for pre-settlement funding to support your legal journey. We aim to ease the financial burden while you wait for the resolution of your case.
Get up to $500,000 with rates as low as 2.5% simple, monthly
Am I Eligible for a Semi-Truck Accident Loan in Maine?
If you’ve been involved in a semi-truck accident in Maine, you may be wondering if you’re eligible for a lawsuit loan. Lawsuit loans, also known as pre-settlement funding, are funds that you can access while you’re waiting for your legal case to resolve. They’re designed to help plaintiffs meet their daily financial needs as they pursue justice for the damages they’ve suffered.
The primary eligibility criteria for a semi-truck accident lawsuit loan include:
- Having a valid legal claim against an insurance company or a self-insured company
- Having an attorney hired on a contingency basis, and
- Being at least 18 years old.
This means that if you’re 18 or over, have a lawyer working for you on a no-win-no-fee basis, and your case has solid grounds, you can apply for and receive a loan from LawsuitLoans.io.
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.
Semi-Truck Accident Loan Process in Maine
If you’ve been in a semi-truck accident and waiting for a settlement, you may need funds. This is where auto accident loans come into play. In this article, we will break down the loan process at LawsuitLoans.io into five easy steps.
1. Apply Online
Start by filling out an application located at LawsuitLoans.io funding application. You can do this at any time, from the comfort of your home.
2. We Contact Your Law Firm
Next, we will get in touch with your law firm to gather more details about your semi-truck accident case. Don’t worry, all information provided remains confidential.
3. We Review Your Case
Once we have the case details, our team starts reviewing your application. We check factors like fault, injuries and expected settlement amount.
4. You Sign a Contract
After reviewing, if your case qualifies, we send over a contract. This contract outlines the terms of the loan including repayment details. Once you agree and sign, we move on to the next step.
5. You Get Funds
Once the contract is signed, funds are sent straight to you. This can provide the financial relief needed while waiting for your settlement to finalize.
Now let’s look at a real-life example. Meet John, a resident of Maine who was injured in a semi-truck accident. As John waited for his case to resolve, he found himself facing financial hardship. He decided to apply for a settlement loan at LawsuitLoans.io. We contacted John’s law firm, reviewed his case and sent over a contract. After signing the contract, John received his loan directly into his account. This gave him the means to navigate through this difficult time.
Apply today and get funds as soon as the same day you apply!
Roadway Accident Cases we Fund in Maine
At LawsuitLoans.io, we help you shoulder the financial burden of your case. We fund almost any type of roadway accident in Maine. Here’s a list and brief explanation:
- Bicycle Accident Loans: Gain assistance while you deal with the aftermath of a bicycle accident.
- Car Accident Loans: Get funding while awaiting a settlement after a car incident.
- Commercial Vehicle Accident Loans: Access support for claims resulting from commercial vehicle accidents.
- Government Vehicle Accident Loans: Secure funding for cases involving government vehicles.
- Motorcycle Accident Loans: Find relief while your motorcycle accident case is in progress.
- Pedestrian Accident Loans: Assistance for those involved in pedestrian-related incidents.
- Rideshare Accident Loans: Get funding for cases related to rideshare accidents.
- Semi-Truck Accident Loans: Obtain help with cases concerning semi-truck accidents.
How Much Money Can I Get From my Semi-Truck Accident Pre-settlement Loan?
Lawsuit loans from LawsuitLoans.io can range anywhere between $500 and over $1,000,000. If your case is still ongoing, we have the ability to advance a maximum of 25% of the amount you’re expected to receive from the settlement. Alternatively, if your case has already been settled, we can offer up to 50% of the expected portion of your settlement.
Let’s consider an example: Suppose there is a plaintiff in Maine involved in a car accident case with an expected settlement value of $60,000. However, the case won’t settle for quite some time. Usually, medical providers are paid around one-third of the settlement amount, and the attorney receives another third. Consequently, the plaintiff would receive around $20,000. In such a scenario, we could advance approximately 25% of that amount, which equals $5,000.
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’re proud to offer pre-settlement funding to plaintiffs pursuing personal injury and other legal claims, not just in major cities but citywide in Maine. Here, we highlight the top 10 cities in Maine by population that we serve:
- South Portland
Remember, LawsuitLoans.io serves plaintiffs in all of Maine—not just in these cities. We also offer funding to plaintiffs throughout the United States. If you require financial assistance while waiting for your legal case to resolve, do not hesitate to reach out to us at LawsuitLoans.io or call our toll free phone number at (866) 594-1343. You can also fill out an application at LawsuitLoans.io funding application
Maine Semi-Truck Accident Funding FAQs
It is quite common for our Maine residents to have a few questions regarding semi-truck accident lawsuit funding. Here, we will address some of the most frequently asked questions.
How much does it cost to get a semi-truck accident lawsuit loan?
The cost of getting a semi-truck accident lawsuit loan varies. It depends on the nature of your case, the amount you request, and the duration of repayment. [LawsuitLoans.io](https://www.lawsuitloans.io/) offers competitive rates in the industry with no monthly payments and no hidden fees.
Do I qualify for a lawsuit loan on my semi-truck accident case?
The qualification for a lawsuit loan depends largely on the circumstances of your semi-truck accident case. The strength of your case plays a big role. Our underwriting team reviews every application individually to determine eligibility.
Can you get a loan on a semi-truck accident settlement?
Yes, you certainly can. After a successful lawsuit, your semi-truck accident settlement may take time to arrive. During this period, LawsuitLoans.io offers post-settlement funding to assist you financially while you wait for your settlement.
Get up to $500,000 with rates as low as 2.5% simple, monthly
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.