Missouri Car Accident Loans

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    What Are Car Accident Loans in Missouri

    A car accident loan is a monetary advance for people involved in car accident settlements. This type of funding is perfect for those who need money for their day-to-day needs while they wait for their case to conclude. It’s important to understand that a car accident loan, also referred to as legal funding or pre-settlement funding, is not a typical loan. It’s a non-recourse advance.

    Non-recourse means that if for any reason you don’t win your case, you don’t have to pay the advance back. This feature makes car accident loans less of a risk for plaintiffs. The advance you receive is based entirely on the expected amount of your future settlement.

    Let’s consider an example. Imagine you’re involved in a car accident that wasn’t your fault. You decide to sue the other driver, but legal cases can take a long time to resolve. Meanwhile, you have bills and living expenses. You may even have extra medical costs due to the accident. This is where a car accident loan can help. You can get an advance on your pending lawsuit. This money can help tide you over until your case is settled, thereby enabling you to focus on your recovery rather than worrying about finances.

    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 Missouri

    In Missouri, car accident loans are a type of pre-settlement funding provided to plaintiffs of car accident lawsuits. These funds are especially useful for covering immediate expenses like medical bills, lost wages, and living costs while they wait for their case to resolve. LawsuitLoans.io has supported many plaintiffs in Missouri with car accident loans for various amounts depending on the details of their case. The following table provides some statistics about car accident loans in Missouri:

    Average car accident loan amount by LawsuitLoans.io in Missouri $6,470.93
    Largest car accident loan by LawsuitLoans.io in Missouri $19,637.60
    Average interest rate in Missouri 18.1%
    Median personal injury verdict in Missouri $31,000.00
    Missouri statute of limitations 5 Years; Mo. Rev. Stat. § 516.097
    Missouri fault laws Missouri 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 Missouri?

    If you’ve been in a car accident and are involved in a legal claim, you might be asking yourself “Am I eligible for a car accident loan in Missouri?” This article aims to answer that question by detailing the eligibility criteria for car accident lawsuit loans provided by LawsuitLoans.io.

    The main criterion for eligibility is that you must have a valid personal injury claim. This involves a lawsuit that is against an insurance company or one that is self-insured. The reason for the claim should arise because of someone else’s negligence, leading to the accident. In simpler terms, your claim would stand valid only if the accident was not your fault.

    Secondly, it is essential to have an attorney hired on a contingency basis. A contingency basis means that the lawyer is not paid until the case is won or settled. This assures LawsuitLoans.io that you have professional legal counsel who believes in your case.

    Finally, you must be at least 18 years old to apply for a car accident loan in Missouri. We do not provide funding to minors.

    In summary, if you have a valid legal claim, a lawyer paid on a contingency basis, and you are 18 years old or older, you may qualify for a car accident loan from LawsuitLoans.io.

    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 Missouri

    If you’ve been injured in a car accident, lawsuit loans can help provide you with much-needed financial relief as you wait for your case to resolve. The process to receive a lawsuit loan in Missouri involves simple five steps.

    1. Apply Online: Fill out the application form available at LawsuitLoans.io funding application. It’s straightforward, and most fields are mandatory for you to fill.
    2. We Contact Your Law Firm: After receiving your application, we’ll reach out to your law firm to discuss your case details, including the nature of the accident, injuries sustained, and the expected settlement amount.
    3. We Review Your Case: Our expert team will review every detail provided by you and your law firm to assess the strength of your claim. This helps us determine if we can offer you a loan.
    4. You Sign a Contract: If your loan application is approved, we’ll send you a contract to sign. Be sure to read this document thoroughly before signing it. It contains all the terms and conditions of the loan, including the repayment terms.
    5. You Get Funds: Once the contract is signed, we’ll transfer the funds directly to your account. Depending on your bank, the money should be accessible within 24-48 hours.

    Let’s consider an example. John, a plaintiff from Missouri, was injured in a car accident. He applied online for a lawsuit loan, and we contacted his law firm to gather information. After reviewing John’s case, we agreed that he had a solid personal injury claim. We offered him a pre-settlement loan, based on our review. After John signed the contract, we transferred the funds to his designated account. Now, John can use this money to cover living expenses and medical bills while waiting for a final settlement from his lawsuit.

    Get Started

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

    Roadway Accident Cases we Fund in Missouri

    At LawsuitLoans.io, we offer funding solutions for a wide range of roadway accident cases in Missouri. Here’s a look at some of the specific types:

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

    Lawsuit loans from LawsuitLoans.io can range from $500 to over $1,000,000. We are able to advance up to a maximum of 25% of your expected portion of the settlement if your case is still in progress. For cases that are settled, we can offer 50% of your anticipated part of the settlement.

    Let’s illustrate this with an example. Consider a plaintiff in Missouri who has a car accident case with a projected value of $50,000. The case will not settle for some time. As a general rule, medical service providers receive around 1/3 of the settlement, the attorney receives another 1/3 of the settlement. Consequently, the plaintiff is likely to receive around $17,000. In this situation, we could advance approximately 25% of that amount or $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 Missouri

    LawsuitLoans.io provides pre-settlement funding for residents not only in these major cities of Missouri but, in all cities in the state and nationwide:

    1. Kansas City
    2. St. Louis
    3. Springfield
    4. Columbia
    5. Independence
    6. Lee’s Summit
    7. O’Fallon
    8. St. Joseph
    9. St. Charles
    10. St. Peters

    If you have a personal injury or other legal claim and need funds while you’re waiting for your case to resolve, LawsuitLoans.io is here for you. Reach out to us on our website LawsuitLoans.io or by calling our toll free phone number (866) 594-1343. You can also apply directly via our online application located at LawsuitLoans.io funding application.

    Missouri Car Accident Funding FAQs

    In this section, we will answer some frequently asked questions that Missouri residents often ask about car accident lawsuit funding.

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

    The cost of a car accident lawsuit loan varies based on several factors. These include the amount of money expected in the lawsuit settlement and the length of time it takes for the case to resolve. At LawsuitLoans.io, we strive to provide competitive rates to ease your financial burden during this difficult time.

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

    Yes, you may qualify for a lawsuit loan if you have filed a car accident claim and your attorney believes you will win or settle the case. Several factors go into determining if a case qualifies for funding, including the facts of the case and the potential payout. We encourage you to apply for free at our application page for a comprehensive evaluation.

    Can you get a loan on a car accident settlement?

    Absolutely. A car accident settlement loan, also known as pre-settlement funding, is designed to help you cover your expenses while your case settles. It allows you to obtain funds against your future settlement payout. Please call us at our toll-free number (866) 594-1343 if you have further queries about our services.

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

    Does LawsuitLoans.io Directly Fund Cases in Missouri?

    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 Missouri.

    Apply now for a free consultation