Missouri Semi Truck Accident Loans

What Are Semi-Truck Accident Loans in Missouri

A semi-truck accident loan is not really a loan. Instead, it’s a non-recourse advance on a potential lawsuit settlement. Non-recourse means that the money advanced is only repaid from the settlement funds if the lawsuit is won. If the case is lost, there’s no obligation to pay the money back.

This type of legal funding can prove to be vital support for plaintiffs who’ve suffered personal injuries in semi-truck accidents. Various expenses can mount during the duration of the legal proceedings — medical bills, living expenses, and other costs. A semi-truck accident loan from a reputable company like LawsuitLoans.io can help mitigate these financial strains.

Let’s take the example of Bradley. He was involved in a serious semi-truck accident in Missouri. The severity of his injuries left him unable to work. As he waits for his lawsuit to resolve, his savings are dwindling fast. Applying for a semi-truck accident loan can provide Bradley with the financial cushion he needs as he focuses on winning his case.

Types of Semi-Truck Accident Claims in Missouri

Accidents involving semi-trucks can be devastating and often result in serious injuries. When such accidents occur, victims may be entitled to claim compensation through a personal injury lawsuit. Below, we will explore a few common types of semi-truck accidents and how they often occur.

Jackknife Accidents

A jackknife accident is one where the truck forms a V-shape as a result of the trailer swinging out from behind. These accidents often occur due to brake problems, bad weather conditions, or sudden maneuvers.

Rollover Accidents

In a rollover accident, the semi-truck tips over onto its side, potentially causing significant damage and injuries. This can happen when the driver loses control of the vehicle or when taking turns at high speeds.

Rear-End Collisions

Semi-trucks require more time and space to stop than smaller vehicles due to their size and weight. As such, rear-end collisions can occur when a truck driver fails to stop in time.

Missouri operates under a ‘pure comparative fault’ law. This means that a plaintiff’s chance of winning their lawsuit might be impacted by their degree of fault in the accident. If found partly to blame, their potential compensation may be reduced. It is, therefore, crucial for victims to gather as much evidence as possible to prove the truck driver’s negligence, helping to strengthen their case.

Am I Eligible for a Semi-Truck Accident Loan in Missouri?

If you are involved in a semi-truck accident and are pursuing a lawsuit, you may be eligible for a lawsuit loan to help support you financially while your case is being resolved. Three main criteria are often considered for eligibility:

1. Holding a valid legal claim against an insurance or self-insured company; this means you genuinely believe and have evidence that another party was at fault in the accident.
2. You must have hired an attorney on a contingency basis. This shows that a legal expert believes you have a strong case. It indicates that your lawyer is confident enough in your case to agree to be paid only if you win or achieve a settlement.
3. Applicants for a lawsuit loan must be 18 years old. This is a standard requirement for many legal and financial agreements.

Semi-Truck Accident Loan Process in Missouri

Auto accident loans are a straightforward solution for persons awaiting settlements from their legal cases. Here’s how the process generally works:

1. Apply online through our funding application page.
2. We reach out to your law firm for additional information.
3. After receiving the necessary details, we quickly review your case.
4. If approved, you sign a contract with us outlining the terms of the lawsuit loan.
5. You then receive the funds directly into your account.

Let’s illustrate this process using the example of a plaintiff involved in a semi-truck accident. Consider John, who got severely injured in an accident with a commercial truck in Missouri. He’s entitled to compensation but the legal proceedings take time. Meanwhile, he struggles with his daily living costs and medical expenses. That’s where LawsuitLoans.io steps in.

John applies for a lawsuit loan via our online application. Upon receipt of the application, we contact his law firm to gather more details about his case. Once we’ve reviewed and approved his lawsuit for funding, we send John a contract to sign. After signing, the loan amount is sent to his account. This financial help allows him to cover his expenses while he waits for the settlement of his case.

Roadway Accident Cases we Fund in Missouri

At LawsuitLoans.io, we cover nearly every type of roadway accident in Missouri. Here’s a list of specific cases we fund:

• Bicycle Accidents – Loans for those injured as cyclists on the road.
• Car Accidents – Support for victims in auto accidents.
• Commercial Vehicle Accidents – Help for those involved in crashes with business or commercial vehicles.
• Government Vehicle Accidents – Services for individuals harmed in incidents with vehicles owned by the government.
• Motorcycle Accidents – Assistance to those suffering due to motorcycle accidents.
• Pedestrian Accidents – Aid for victims of collisions involving pedestrians.
• Rideshare Accidents – Funding for accidents involving rideshare vehicles, like Uber or Lyft.
• Semi-Truck Accidents – Loans dedicated to semi-truck accident cases.

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

Lawsuit loans from LawsuitLoans.io can range from $500 – $1,000,000+. Depending on your case status, we can advance different amounts. If your case is still in progress, our maximum advance is 25% of your expected part of the settlement. If your case is settled, we can offer up to 50% of your expected portion of the settlement.

Let’s take a practical example. Let’s say you are a plaintiff from Missouri who faced an unfortunate car accident. The estimated value of your case is $60,000. However, the case is not going to settle soon. What does this mean for you? Well, based on common practice, medical providers generally receive around 1/3 of the settlement, and your attorney collects one third as well. This leaves you with approximately $20,000.

Since the case is still ongoing, we at LawsuitLoans.io can advance around 25% of that amount. This means that you can receive a pre-settlement loan of nearly $5,000 while you wait for the resolution of your case.

Major Cities we Serve in Missouri

At LawsuitLoans.io, we proudly serve residents in Missouri and nationwide, providing pre-settlement funding to plaintiffs with personal injury and other legal claims. We have helped countless individuals throughout Missouri and beyond. Here are the top 10 cities in Missouri by population that we service:

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

No matter where you reside, whether you’re right here in one of Missouri’s bustling cities or elsewhere in the country, LawsuitLoans.io is committed to helping you navigate life’s most challenging times. Give us a call on our toll free phone number at (866) 594-1343 or apply through our application at LawsuitLoans.io funding application whenever you need pre-settlement funding.

Missouri Semi-Truck Accident Funding FAQs

If you’re a Missouri resident involved in a semi-truck accident case, you may have some important questions. We aim to provide clear and direct answers to some of these common FAQs.

How much does it cost to get a semi-truck accident lawsuit loan?

The cost to get a semi-truck accident lawsuit loan can vary greatly. LawsuitLoans.io understands each case is unique and offers competitive rates. For the exact cost, reach out to us at LawsuitLoans.io or our toll free number (866) 594-1343.

Do I qualify for a lawsuit loan on my semi-truck accident case?

Qualification for a lawsuit loan hinges on various factors such as the specifics of your case and your attorney’s agreement. To find out if you qualify, please apply through our online application located at LawsuitLoans.io funding application.

Can you get a loan on a semi-truck accident settlement?

Yes, you can get a loan on a semi-truck accident settlement. LawsuitLoans.io offers funding to plaintiffs while they wait for their legal case to resolve. Our focus is aiding individuals so they can pay their bills without financial stress during this period.

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.