Massachusetts Commercial Vehicle Accident Loans
- Get Cash As Soon As Today
- Rates As Low As 2.5% Simple, Monthly
- Repay $0 If You Lose
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What Are Commercial Vehicle Accident Loans in Massachusetts
Commercial vehicle accident loans are not loans in the typical sense. Rather, they are advances on projected settlements from car accident lawsuits. These funds can assist injured plaintiffs in paying for immediate expenses, such as medical bills and living costs, while they await their legal case’s outcome.
These loans are referred to as “non-recourse” because they are linked directly to the potential settlement of the lawsuit. If a plaintiff does not win or settle their case, they do not need to repay the advance. Consequently, the risk falls on the loan provider, not the plaintiff. Plaintiffs in Massachusetts, who have experienced a commercial vehicle accident and are awaiting a legal resolution, can reach out to LawsuitLoans.io today to apply for funding.
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 Massachusetts
If you’ve been in a car accident in Massachusetts and have a legal claim pending, you might consider a car accident loan. This is a type of pre-settlement funding offered by companies like LawsuitLoans.io. It can help cover your living costs while you wait for your case to resolve. Whatever state you’re in, it’s essential to understand specifics, such as average loan amounts, interest rates, and state laws. Below is key data for Massachusetts:
|Average car accident loan amount by LawsuitLoans.io in Massachusetts||$34,649.00|
|Largest car accident loan by LawsuitLoans.io in Massachusetts||$134,795.00|
|Average interest rate in Massachusetts||18.5%|
|Median personal injury verdict in Massachusetts||$31,000.00|
|Massachusetts statute of limitations||3 years; Mass. Ann. Laws Ch. 260 Section 1|
|Massachusetts fault laws||Massachusetts is a “no-fault” state, meaning your own insurance covers your losses regardless of who caused the accident.|
Get up to $500,000 with rates as low as 2.5% simple, monthly
Am I Eligible for a Commercial Vehicle Accident Loan in Massachusetts?
Are you wondering if you qualify for a car accident lawsuit loan? The main eligibility criteria for these loans involve having an attorney and being of legal age. Specifically, you need to have hired an attorney on a contingency basis. This means your attorney only gets paid if you win your case.
In the case of commercial vehicle accidents, there’s always a high insurance policy or self-insured entity involved. Because of this stipulation, this is less of a concern for eligibility than with other types of lawsuits.
The final eligibility criterion is age. To apply for lawsuit funding, you must be 18 years old or older. This is the legal age of majority, where you’re considered an adult in the eyes of the law.
If all these criteria are met, then you’re likely eligible for a commercial vehicle accident loan in Massachusetts.
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 Massachusetts
Are you a victim of a commercial vehicle accident in Massachusetts and looking for financial relief while waiting for your lawsuit payout? Let us guide you through the process of securing a lawsuit loan from LawsuitLoans.io.
The process comprises five simple steps:
- Apply Online: This is the first step towards accessing your lawsuit funds. Visit our website LawsuitLoans.io and fill out an application. This takes only a few minutes to complete.
- We Contact Your Law Firm: After you have submitted your application, we reach out to your law firm to get more information about your case.
- We Review Your Case: Our underwriters will then review your case thoroughly. The decision to fund your case or not will be based on this review.
- You Sign a Contract: If your case gets approved, we’ll send you a contract to sign. This contract outlines your agreement with us, including how much funding you’re getting and the terms of repayment.
- You Get Funds: Once we’ve received the signed contract back, the funds will be transferred to your account. You are now free to use these funds as you see fit.
Take the example of John, a Massachusetts resident, who was involved in a severe truck accident and endured painful injuries. He needed financial assistance to pay his mounting medical bills and living expenses while he awaited his case outcome. John applied for a lawsuit loan through LawsuitLoans.io, went through the entire process as outlined above and succeeded in easing his financial burden while waiting for his settlement payout.
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 look at an example. Imagine a plaintiff in Massachusetts who was involved in a commercial vehicle accident. The estimated value of their legal claim is $500,000. However, the case is still in progress and will not settle for some time.
As a general rule, medical providers get paid around 1/3 of the settlement, and the attorney gets another 1/3 of the settlement. As a result, the plaintiff would receive around $170,000.
At LawsuitLoans.io, we could advance approximately 25% of that amount — or $42,500 — to the plaintiff while they wait for their case to resolve.
What Types of Commercial Vehicles are Frequently Involved in Cases we Fund in Massachusetts?
The highways and roads of Massachusetts serve as a busy transit point for various commercial vehicles. As a litigation funding service, LawsuitLoans.io frequently funds cases related to accidents involving these regularly seen commercial vehicles. While the types listed below are frequently encountered, it’s essential to note that our services extend to cater to car accident claims involving any privately or commercially used vehicle.
Also known as tractor-trailers, these hefty vehicles transport large amounts of goods across Massachusetts and the entire country. They are responsible for a significant portion of highway traffic, and their size and weight contribute to severe accident outcomes.
Delivery vans, commonly seen in urban and suburban areas, become involved in accidents due to their frequent stops and tight parking scenarios. The high-pressure delivery timetables sometimes contribute to greater risk-taking on the road by drivers.
Taxis/Black Cars/Rideshare Vehicles
Taxis, black cars, and rideshare vehicles like Uber and Lyft pose unique risks due to long hours on the road and constant interaction with other vehicles and pedestrians. These multiple hazards result in numerous legal cases involving passengers, cyclists, and pedestrians.
Maintenance issues and stressed bus drivers underpin many accidents involving commercial buses. Transporting a large number of people requires increased responsibility and careful operation—mishaps lead to massive legal claims.
Garbage trucks create dangerous situations due to their frequent stops, complex equipment, and poor visibility. Accidents often lead to considerable harm and property damage.
In conclusion, LawsuitLoans.io is here to help you as you navigate the aftermath of an accident involving commercial vehicles or other disputed legal claims. Visit LawsuitLoans.io for more information and to apply at LawsuitLoans.io funding application.
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 Massachusetts
At LawsuitLoans.io, we proudly serve plaintiffs across the entire United States. For those located within the state of Massachusetts, we provide our pre-settlement funding services to residents without any regard towards city size or location. However, for your convenience, we’ll highlight the ten most populated cities in the region. They include:
- New Bedford
- Fall River
Remember that even if your city isn’t mentioned above, LawsuitLoans.io still has you covered if you’re a Massachusetts resident. Whether you’re based in the bustling city of Boston or nestled in the quieter corners of the state, our team is committed to offering pre-settlement funding assistance to ease any financial burdens as you wait for your legal case to resolve. Get in touch with us at LawsuitLoans.io or dial our toll-free number (866) 594-1343 to begin your LawsuitLoans.io funding application.
Roadway Accident Cases we Fund in Massachusetts
At LawsuitLoans.io, we understand the financial strain that can come as a result of a roadway accident. That is why we fund almost any type of accident in Massachusetts, including:
- Bicycle Accident Loans
- Car Accident Loans
- Commercial Vehicle Accident Loans
- Semi Truck Accident Loans
- Government Vehicle Accident Loans
- Motorcycle Accident Loans
- Pedestrian Accident Loans
- Rideshare Accident Loans
If you’re involved in a bicycle accident due to someone else’s negligence, we provide funding to help manage your financial needs during the litigation process.
We offer loans for car accident cases. We understand such accidents can lead to unexpected expenses, and we are here to help.
Accidents with commercial vehicles can lead to complicated legal battles. Our loans can give you financial assistance while your case is being decided.
If you’re dealing with financial hardship from a semi truck accident, our loans can provide relief.
We also provide loans if your accident involved a government vehicle. Such cases may take a long time to resolve, leaving you in financial distress.
We offer loans to persons who have been injured in motorcycle accidents. We’re here to help you navigate through your financial turmoil during this period.
If you’re a pedestrian injured in an accident, we offer lawsuit loans. These can help cover your living expenses until your case settles.
We provide funding for rideshare accident victims, aiding the financial strain caused while you await your settlement payouts.
Get up to $500,000 with rates as low as 2.5% simple, monthly
Massachusetts Commercial Vehicle Accident Funding FAQs
If you’re a resident of Massachusetts and have been involved in a commercial vehicle accident, you may be entitled to a lawsuit loan. Here are some frequently asked questions about how this process works.
How much does it cost to get a commercial vehicle accident lawsuit loan?
The cost of a lawsuit loan depends on several factors, including the amount you’re borrowing and the length of time it takes for your case to reach a conclusion. However, LawsuitLoans.io is committed to offering competitive interest rates and clear terms. Be sure to check our website or call us at (866) 594-1343 for more information.
Do I qualify for a lawsuit loan on my commercial vehicle accident case?
Every case is different, but generally, if you’ve been injured in a commercial vehicle accident and have an attorney representing you, you likely qualify for a lawsuit loan. The strength and potential value of your case will also play a crucial role in determining whether your application is approved.
Can you get a loan on a commercial vehicle accident settlement?
Yes, it’s possible to get a loan on a commercial vehicle accident settlement. LawsuitLoans.io provides pre-settlement funding for various types of legal claims, including commercial vehicle accidents. This allows you to access a portion of your future settlement proceeds before the case finally resolves. If you’re interested, we invite you to complete our online application.