Minnesota 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 Minnesota?
Government Vehicle Accident Loans in Minnesota, also known as car accident loans, are a type of funding specifically intended for plaintiffs who have been injured due to a government vehicle. Simply put, they provide financial support to these individuals while their legal case is ongoing.
The principle behind this loan is rather straightforward. These loans are essentially advances on the expected settlement from the lawsuit. They are offered with an understanding that the money will be reimbursed once the plaintiff settles the case or wins a verdict in court.
One key feature of these loans is that they operate under a non-recourse agreement. What this means is, if by chance the plaintiff’s case is unsuccessful and they do not receive any settlement, they will not be obliged to repay the loan. Thus, government vehicle accident loans function not just as a financial stop-gap, but also as a safety net for victims dealing with a court case.
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 Minnesota
Car accident loans in Minnesota are financial lifelines extended to victims of traffic accidents awaiting settlement. These funds bridge the gap and cushion living expenses during these tough times. The table below details some key facts to understand how LawsuitLoans.io operates in Minnesota.
| Average car accident loan amount by LawsuitLoans.io in Minnesota | $3,686.25 |
| Largest car accident loan by LawsuitLoans.io in Minnesota | $12,000.00 |
| Average interest rate in Minnesota | 22.5% |
| Median personal injury verdict in Minnesota | $30,000.00 |
| Minnesota statute of limitations | 2 Years; Minnesota Statutes Sec. 541.07 |
| Minnesota fault laws | Minnesota 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 Minnesota?
If you are involved in a car accident and it’s not your fault, you might qualify for a lawsuit loan. But, when it comes to accidents involving government vehicles, the rules can differ. So, let’s see what makes you eligible for a government vehicle accident loan in Minnesota.
In Minnesota, if your claim involves a government vehicle, you’re essentially dealing with a self-insured or substantially insured entity. This means that the government body responsible for the vehicle has enough funds to cover any damages resulting from an accident. As such, the eligibility criteria for car accident lawsuit loans become less complicated.
There are two key conditions you need to meet to be eligible:
- You must be 18 years or older – this is a universal requirement regardless of the specifics of your case.
- You must have an attorney working on your case who’s hired on a contingency basis. This shows that your lawsuit has merit and increases the chance of approval for a lawsuit loan.
By meeting these two simple requirements, you can apply for a government vehicle accident loan in Minnesota.
Get up to $500,000 With Rates as Low as 2.5% Simple, Monthly
Types of Government Vehicle Accident Claims in Minnesota
In Minnesota, accidents involving government vehicles can lead to legal claims. The types of government vehicles you may frequently see on the road include police cars, fire trucks, ambulances, and public transportation buses. Let’s look at these in detail.
Police Cars
Police cars are often involved in high-speed pursuits or responding to emergency calls. Despite their training, officers may still end up in an accident causing injury to themselves or others.
Fire Trucks
Fire trucks, much like police cars, are also frequently rushing to emergency situations. Accidents can occur if other drivers fail to give right of way or due to unforeseen circumstances on the road.
Ambulances
Ambulances carry life-saving personnel and equipment, and need to get to destinations quickly. Accidents can occur during this process, possibly leading to injury of crew, patient, or other drivers.
Public Transportation Buses
Accidents involving public transportation buses can affect many people due to the vehicle’s large size and the number of passengers. Claims can result from driver negligence, malfunctioning bus equipment, or unsafe conditions on the roads.
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 – $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 consider an example to shed more light on this. Suppose you are a plaintiff in a car accident case in Minnesota. The estimated value of your case is $300,000. However, the case is still progress and will not settle for some time.
As a standard practice in such cases, medical providers would get around 1/3 of the settlement, and the attorney would receive another 1/3 of the settlement. Consequently, as the plaintiff, you would receive around $100,000.
In situations like these, we at LawsuitLoans.io could advance you approximately 25% of that amount or $25,000.
Cities we Service in Minnesota
LawsuitLoans.io provides funding throughout Minnesota. See more about our funding in Minnesota 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 Minnesota
LawsuitLoans.io provides funding for various personal injury and roadway accident cases in Minnesota. Read more about the personal injury cases we fund in Minnesota 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 Minnesota here: