Mississippi Car 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 Car Accident Loans in Mississippi?

    Car accident loans, or more accurately, car accident pre-settlement funding, is designed to provide financial assistance to plaintiffs involved in car accident lawsuits. It’s not technically a loan, but a non-recourse advance on a future potential settlement. Non-recourse means that if the lawsuit does not result in a victory for the plaintiff, the money need not be repaid. Therefore, car accident “loans” are risk-free for plaintiffs.

    Here’s how it works: A plaintiff files a personal injury claim after a car accident. While waiting for the case to resolve, they may struggle financially due to loss of earnings and medical bills, among other costs. This is where car accident loans step in. The plaintiff can apply for a cash advance against their anticipated settlement.

    For example, let’s say John from Mississippi got into a car accident. He’s unable to work due to his injuries and his legal case may take months to resolve. Meanwhile, he’s accumulating hospital bills and everyday living expenses. John applies for a car accident loan from LawsuitLoans.io. After checking his case details, LawsuitLoans.io approves his application and provides him with part of his anticipated settlement. John uses this money to cover his bills and expenses while his case is still ongoing. If his case wins, he then repays LawsuitLoans.io from his settlement. If he loses, he owes nothing.

    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.

    Telephone Icon - Starting the process is easy, just apply online or call toll free

    Apply Online or Call Toll-Free

    Apply online or call us toll-free at (866) 594-1343. Submitting your application takes minutes.

    Review Icon - We quickly review your legal case.

    We Review Your Case

    Next, we contact your law firm and collect basic information to review your case. Review only takes a few hours.

    Money Bag Icon - Once we approve your case, you and your attorney sign the contract and you get cash the same day

    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 Mississippi

    Car accident loans in Mississippi are funds provided by LawsuitLoans.io to plaintiffs involved in personal injury legal cases. These funds are made available as a way for plaintiffs to meet their financial needs while they await the resolution of their legal cases. Here’s a quick glance at some essential data about car accident loans in Mississippi:

    Average car accident loan amount by LawsuitLoans.io in Mississippi $3,888.58
    Largest car accident loan by LawsuitLoans.io in Mississippi $11,530.43
    Average interest rate in Mississippi 22.5%
    Median personal injury verdict in Mississippi $31,000.00
    Mississippi statute of limitations 3 years; Mississippi Code Ann. Section 15-1-1
    Mississippi fault laws Mississippi is an “at-fault” or “tort” state, meaning the driver found to be responsible for the accident is liable for damages.

    Get up to $500,000 with rates as low as 2.5% simple, monthly

    Am I Eligible for a Car Accident Loan in Mississippi?

    If you were recently involved in a car accident in Mississippi and need legal funding, you may have questions about your eligibility for a lawsuit loan. Truthfully, the eligibility criteria are straightforward.

    The most important requirement is that you have valid legal claim against an insurance company or self-insured company. This means that you were not at fault for the accident and that there is another party from whom you can seek compensation. Being able to prove this point is essential to receiving funding.

    Secondly, you should have an attorney hired on a contingency basis. A contingent agreement is when your lawyer agrees to get paid only if you win your case. It’s a common arrangement in personal injury cases. Having a lawyer shows that your legal claim has merit, and is also critical in facilitating communication between us and your legal team.

    Last but not least, you must be at least 18 years old. This is the minimum age requirement to enter into a legal contract in Mississippi.

    The good news is that these criteria are very basic and many clients meet them without any issue. If you think you might be eligible, don’t hesitate to reach out to us for more clarifications.

    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.

    Advance Amount:

    Months Until Settlement:

    $2,631

    Total Cost

    Pay as little as $2,631 on a lawsuit loan of $10,000 if your case settles within 6 months of your advance.

    $1,697

    Your Savings

    Save as much as $1,697 on a lawsuit loan of $10,000 if your case settles within 6 months of your advance.

    39%

    Percent Savings

    Save as much as 39% on a lawsuit loan of $10,000 if your case settles within 6 months of your advance.

    Car Accident Loan Process in Mississippi

    If you’re involved in a car accident lawsuit in Mississippi, you may already know that the legal process takes time. While you wait for your case to settle, financial struggles can be an unfortunate reality. This is where auto accident loans come in. These are pre-settlement funds provided by companies like LawsuitLoans.io to help plaintiffs manage their expenses.

    The process of getting a loan through LawsuitLoans.io consists of five main steps:

    1. Apply online
    2. We contact your law firm
    3. We review your case
    4. You sign a contract
    5. You get funds

    To better understand this process, let’s consider an example.

    Consider plaintiff John Doe, who was injured in a car accident caused by another driver’s negligence. Due to his injuries, he was unable to work and fell upon hard times financially while waiting for his lawsuit to resolve. John decided to apply for a lawsuit loan from LawsuitLoans.io. He filled out the application online and submitted it. The team from LawsuitLoans.io contacted John’s law firm to get more details about his case. After reviewing John’s case, they determined he qualified for a loan and sent him a contract. John signed the contract and received the funds he needed to cover his living expenses while waiting for his lawsuit to settle.

    Lawsuit loans can be a lifeline for people like John who are awaiting the settlement of their injury suit. Visit LawsuitLoans.io or call (866) 594-1343 for more information.

    Get Started

    Apply today and get funds as soon as the same day you apply!

    Roadway Accident Cases we Fund in Mississippi

    We fund almost any type of roadway accident in Mississippi. Here are a few types of cases that we can provide funding for:

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

    The amount of money you can receive from a LawsuitLoans.io pre-settlement loan greatly varies. Our lawsuit loans range starts from $500, and can go up to over $1,000,000 depending on the case. If your legal case is ongoing and yet to be settled, we are able to advance up to 25% of what we estimate your portion of the settlement will be. For cases that have already been settled, we can offer up to 50% of your expected portion of the settlement.

    Take for example, a plaintiff in Mississippi dealing with a car accident case estimated to be worth $50,000. Let’s say this case is still in progress, and isn’t expected to settle for some time. The distribution of the settlement usually results in the medical providers getting roughly 1/3, with your attorney also receiving about 1/3. Consequently, this leaves you with about $17,000 after everything has been paid off. Under these circumstances, LawsuitLoans.io can advance approximately 25% of your portion of the settlement, which would equate to $4,250.

    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 Mississippi

    LawsuitLoans.io serves clients across the United States. In Mississippi, we offer funding solutions to people living in all its cities. However, for the sake of clarity, we’ll highlight the top 10 cities by population where our services are frequently utilized:

    1. Jackson
    2. Gulfport
    3. Southaven
    4. Hattiesburg
    5. Biloxi
    6. Meridian
    7. Tupelo
    8. Greenville
    9. Olive Branch
    10. Horn Lake

    No matter where you’re situated in Mississippi, or any other part of the country, LawsuitLoans.io is here to provide you with pre-settlement funding as you wait for your legal case to resolve. To apply simply click here LawsuitLoans.io funding application or call our toll free number (866) 594-1343.

    Mississippi Car Accident Funding FAQs

    In this section, we will answer some frequently asked questions by Mississippi residents about car accident lawsuit loans. Let’s understand more about the costs involved, qualifying criteria, and the possibility of obtaining a loan on a car accident settlement.

    How much does it cost to get a car accident lawsuit loan?

    The cost of a car accident lawsuit loan can vary based on several factors. These factors may include the projected value of your case, the amount of loan you request, and the time until settlement. LawsuitLoans.io is committed to providing you with a clear, straightforward pricing structure with no hidden fees. For specific details about your case, feel free to reach out to us through our website or call us at (866) 594-1343.

    Do I qualify for a lawsuit loan on my car accident case?

    Your eligibility for a lawsuit loan on your car accident case primarily depends on the facts surrounding your accident and the severity of your injuries. The best way to know if you qualify is to complete the LawsuitLoans.io funding application. It is fast, easy, and free to apply.

    Can you get a loan on a car accident settlement?

    Yes, you can! LawsuitLoans.io offers funding to plaintiffs with personal injury and other legal claims while they wait for their legal case to resolve. This means you can get a loan on your car accident settlement to help manage your finances during the settlement process.

    Get up to $500,000 with rates as low as 2.5% simple, monthly

    Does LawsuitLoans.io Directly Fund Cases in Mississippi?

    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 Mississippi.

    Apply now for a free consultation