Michigan Government Vehicle 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 Government Vehicle Accident Loans in Michigan
A government vehicle accident loan in Michigan is a type of funding provided to plaintiffs who have been injured as a result of a car crash involving a government vehicle. This financial assistance supports these individuals as they wait for a lawsuit to conclude and a settlement to be reached.
Unlike traditional loans, government vehicle accident loans are non-recourse cash advances on a plaintiff’s expected car accident settlement. Meaning, the loan is repaid if and when the settlement comes through. If the plaintiff does not win their case or does not receive a settlement, then they are not obliged to repay the loan.
Suffering an injury as a result of a car crash can be life-changing. It often leads to physical pain, mental stress, and financial burdens due to medical expenses and lost wages. Government vehicle accident loans in Michigan are designed to alleviate some of these pressures.
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 Michigan
If you’ve been involved in a car accident in Michigan and are waiting for your legal case to resolve, you may be eligible for a car accident loan. Car accident loans are a type of pre-settlement funding that can help you cover your expenses while your case is pending. Here’s some key information about LawsuitLoans.io’s car accident loans in Michigan:
| Average car accident loan amount by LawsuitLoans.io in Michigan | $14,827.50 |
| Largest car accident loan by LawsuitLoans.io in Michigan | $100,700.00 |
| Average interest rate in Michigan | 21.0% |
| Median personal injury verdict in Michigan | $99,506.00 |
| Michigan statute of limitations | 3 Years; Michigan Comp. Laws Section 600.5801 |
| Michigan fault laws | Michigan is a “no-fault” state, meaning your own insurance covers your losses regardless of who caused the accident. |
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.
Am I Eligible for a Government Vehicle Accident Loan in Michigan?
If you’ve been involved in a car accident with a government vehicle in Michigan, you might be wondering if you’re eligible for a lawsuit loan. For those unfamiliar, a lawsuit loan is a cash advance provided to plaintiffs awaiting their legal case’s outcome.
As you might expect, eligibility for these loans involves specific criteria. Firstly, any claim involving a government vehicle presumes a substantially insured or self-insured entity. This means the defendant (the government entity) has enough resources to compensate for your damages if you win the case.
Another key requirement is hiring an attorney working on a contingency basis—meaning they only take a fee if they win the case for you. Having an attorney in this situation shows the lending company that you are serious about the case and increases the chances of successful recovery.
Lastly, you need to be at least 18 years old to apply for a lawsuit loan. Presuming you meet these basic requirements, you may very well be considered eligible for a government vehicle accident lawsuit loan.
Get up to $500,000 With Rates as Low as 2.5% Simple, Monthly
Types of Government Vehicle Accident Claims in Michigan
Government vehicles are as prone to accidents as any other vehicle. In Michigan, there’s a wide variety of government vehicles that could be involved in accidents resulting in injury and legal claims.
Police Vehicles
Police vehicles, whether patrol cars or vans, can get embroiled in accidents while responding to emergencies. Owing to the exigencies of their job, they often traverse busy roads at high speeds, increasing the risk of collisions.
School Buses
School buses transport millions of children every day and unfortunately, accidents can occur. Mishaps range from minor incidents to severe crashes, often leading to significant personal injuries.
Fire Trucks
Fire trucks, due to their size and emergency response duties, can get into accidents. These may cause extensive damage and injuries due to the truck’s weight and the speed at which it travels during emergencies.
Ambulances
Like other emergency response vehicles, ambulances also face risks when on the road. They’re frequently in a hurry to the hospital, potentially making them prone to traffic accidents, which can result in severe injuries.
City or County Maintenance Vehicles
Snowplows, garbage trucks, and other maintenance vehicles owned by city or county organizations may also be involved in accident claims. Since these vehicles often operate in all types of weather and conditions, they present unique accident risks.
Whether you’re involved in an accident with one of these government vehicles or another type, you may have a valid legal claim. If you are seeking funds while waiting for your case to resolve, try reaching out to LawsuitLoans.io or dialing their toll-free number (800) 340-4973. You can also fill out the funding application.
Get Started
Apply today and get funds in as little as 24 hours!
How Much Money Can I Get From my Government Vehicle Accident Pre-settlement Loan?
Lawsuit loans from LawsuitLoans.io can range from $500 to over $1,000,000. If your case is still in progress, we can provide you with up to a maximum of 25% of your expected settlement share. For cases that have already been resolved, we may be able to offer 50% of your anticipated portion of the settlement.
For example, consider a plaintiff from Michigan involved in a car accident case. The assessed value of their case is approximately $300,000, but the case has not yet reached a final settlement. Consequently, medical providers usually receive around 1/3 of the settlement, another third goes to the attorney, and the plaintiff should expect to receive about $100,000. In such a scenario, LawsuitLoans.io is able to advance roughly 25% of that amount, equating to $25,000.
Cities we Service in Michigan
LawsuitLoans.io provides funding throughout Michigan. See more about our funding in Michigan by visiting the city pages below:
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.
Other Cases we Fund in Michigan
LawsuitLoans.io provides funding for various personal injury and roadway accident cases in Michigan. Read more about the personal injury cases we fund in Michigan here:
- Personal Injury Loans
- Police Misconduct Lawsuit Loans
- Medical Malpractice Lawsuit Loans
- Slip and Fall Lawsuit Loans
- Premises Liability Loans
- Dog Bite Lawsuit Loans
- Wrongful Death Loans
Read more about the roadway accident claims we fund in Michigan here: