Minnesota Commercial Vehicle Accident Loans

What Are Commercial Vehicle Accident Loans in Minnesota

Commercial vehicle accident loans in Minnesota are a type of funding that plaintiffs with pending car accident claims can access. This loan, better termed as a pre-settlement fund, is advanced to plaintiffs awaiting their legal case to conclude.

This form of funding operates on a non-recourse basis. Essentially, this means that the advance is not like your typical loan. Instead of making regular repayments, the amount advanced is paid back from the settlement received when your legal case is resolved successfully.

In other words, with these loans, you are getting an early access to a portion of your future car accident settlement. You receive financial aid when you need it most, aiding in managing medical expenses, household bills, and other costs while patiently waiting for your legal case to settle. And if the result is not in your favor, you don’t owe anything!

Key Information About Car Accident Loans in Minnesota

In Minnesota, LawsuitLoans.io offers car accident loans to plaintiffs waiting for their personal injury cases to resolve. Car accident loans are a financial lifeline that help cover living costs and other expenses while the legal process takes its course. Below is a table providing key information about these loans in Minnesota.

Am I Eligible for a Commercial Vehicle Accident Loan in Minnesota?

Wondering if you’re eligible for our lawsuit loans? Let’s clear the air. Car accident lawsuit loans often require certain criteria to be met before funds can be disbursed. Since commercial vehicle accident claims invariably involve high insurance policies or self-insured entities, the eligibility requirements are quite straightforward.

The first requirement is that you should have an attorney working for you on a contingency basis. In other words, your lawyer will only get paid if you win your case. This not only assures us at LawsuitLoans.io of the seriousness of your claim but also ensures your full commitment to the legal proceedings.

The second requirement is that you must be at least 18 years old at the time of making the application. This is a generally accepted legal requirement in most jurisdictions, including Minnesota, where one has to be a major to enter into contracts and agreements.

Commercial Vehicle Accident Loan Process in Minnesota

If you were involved in a commercial vehicle accident and you’re currently pursuing a lawsuit, you may be eligible for a lawsuit loan. Here’s how the process works in five simple steps:

1. Apply online. Use the LawsuitLoans.io funding application to start your application process.
2. We contact your law firm. Once we receive your application, we will contact your law firm for details about your case.
3. We review your case. We will evaluate your case based on the details provided by your law firm.
4. You sign a contract. If your application is approved, we will send you a contract to sign.
5. You get funds. After you sign the contract, the funds will be transferred to your account.

For instance, consider John who was injured in a commercial vehicle accident. He knew that his legal case could take months or even years to resolve, leaving him with no income during this time. He applied for a lawsuit loan from LawsuitLoans.io. After reviewing his case and verifying the information with his law firm, we approved his application and sent him a contract to sign. Soon after he signed the contract, the borrowed funds were transferred to his account, offering financial relief while he waits for his lawsuit to conclude.

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

Lawsuit loans from LawsuitLoans.io can range from $500 to more than $1,000,000. If your case is still in progress, we can provide an advance of up to a maximum of 25% of your predicted share of the settlement. If your case has already been settled, we can offer 50% of your expected portion of the settlement.

For example, consider a plaintiff in Minnesota who was involved in a commercial vehicle accident. The estimated value of the claim is $500,000, but the case is still in progress and will not settle for some time. Typically, medical providers are paid around 1/3 of the settlement, and the attorney also receives 1/3 of the settlement. As a result, the plaintiff would receive about $170,000. We can advance approximately 25% of that amount or $42,500.

What Types of Commercial Vehicles are Frequently Involved in Cases we Fund in Minnesota?

Commercial vehicles in Minnesota play a massive role in the transportation sector. These vehicles also, unfortunately, get involved in road accidents quite often. Below, we give you a list of common types of commercial vehicles that are frequently involved in Minnesota legal cases that we fund.

• Semi-Trucks: Also called 18-wheelers or big rigs, semi-trucks are large, heavy-duty vehicles primarily used for long-haul delivery of goods. The sheer size and weight of these vehicles can contribute to severe accidents.
• Delivery Vans: Businesses such as Amazon, Fedex, and other courier services use delivery vans. While smaller than semi-trucks, their constant movement and tight schedules can lead to accidents.
• Taxis: Taxis routinely traverse urban landscapes. High traffic situations increase their involvement in accident claims.
• Company Cars: Some businesses offer company cars to their employees. These vehicles can also be involved in accidents leading to potential compensation claims.
• Farm Equipment: In rural areas of Minnesota, farm equipment operating on or near roadways, such as tractors, can be involved in collision claims.

In addition to the vehicles listed above, please note that at LawsuitLoans.io, we fund car accident claims involving all kinds of privately or commercially used vehicles, not just the ones mentioned here. If you were involved in an accident and are waiting for your legal case to resolve, feel free to call us at (866) 594-1343 or apply through our funding application.

Major Cities we Serve in Minnesota

At LawsuitLoans.io, we are proud to provide pre-settlement funding to plaintiffs in countless cities across Minnesota. We extend our services to individuals at any part of the legal process, nation-wide. Below are ten of the most populated cities in Minnesota. Remember, no matter where you’re located, we stand ready to assist.

1. Minneapolis
2. Saint Paul
3. Rochester
4. Bloomington
5. Duluth
6. Brooklyn Park
7. Plymouth
8. Maple Grove
9. Woodbury
10. St. Cloud

If your city was not listed above, do not worry. LawsuitLoans.io is eager to serve clients from all corners of Minnesota and throughout the nation. If you require lawsuit loan assistance, do not hesitate to reach out to us at any time. For more inquiry, contact us at our toll-free number (866) 594-1343 or fill an application here.

Roadway Accident Cases we Fund in Minnesota

We provide funding for almost any type of roadway accident in Minnesota. Here are some of the specific cases we support:

• Bicycle Accident Loans: We cater to bicycle accident plaintiffs awaiting their settlements.
• Car Accident Loans: If you’re involved in a car accident case, we can help you financially.
• Commercial Vehicle Accident Loans: We cover commercial vehicle accidents too.
• Semi Truck Accident Loans: Semi truck accident victims can also benefit from our services.
• Government Vehicle Accident Loans: Even if your case involves governmental vehicles, we’re here for you.
• Motorcycle Accident Loans: Motorcycle accident lawsuits can also be funded by us.
• Pedestrian Accident Loans: Pedestrians hurt in accidents have our support.
• Rideshare Accident Loans: If a rideshare accident led to your lawsuit, we’ve got your back.

Minnesota Commercial Vehicle Accident Funding FAQs

If you’re a Minnesota resident with an ongoing commercial vehicle accident case, you may have some questions about lawsuit funding. Here we’ll address the most frequently asked ones.

1. How much does it cost to get a commercial vehicle accident lawsuit loan?

The cost of a commercial vehicle accident lawsuit loan varies depending on your specific case and the amount you need. At LawsuitLoans.io, we offer competitive rates and are transparent with our costs upfront. For a more accurate estimate, feel free to apply or reach us at (866) 594-1343.

2. Do I qualify for a lawsuit loan on my commercial vehicle accident case?

To qualify for a lawsuit loan, you need to have a valid personal injury claim from your commercial vehicle accident. Other factors include the severity of your injuries, the specifics of the accident, and expert opinion on the case’s outcome. An attorney should also represent you.

3. Can you get a loan on a commercial vehicle accident settlement?

Yes, you can get a loan on a commercial vehicle accident settlement. The settlement’s expected value contributes to the loan amount you’re qualified to receive. It’s an excellent option for plaintiffs needing financial support while waiting for their case to conclude.