Montana Car Accident Loans
- Get Cash As Soon As Today
- Rates As Low As 2.5% Simple, Monthly
- Repay $0 If You Lose
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What Are Car Accident Loans in Montana
Car accident loans, also known as legal funding or pre-settlement funds, are a type of financial aid provided to plaintiffs awaiting the settlement of their car accident cases. Unlike traditional loans, these do not require repayment if the lawsuit does not end in favor of the plaintiff. This non-recourse nature is what makes them different.
In essence, this type of financial aid advances a portion of the plaintiff’s potential future settlement to help them with immediate financial needs. This might include medical bills, rent, utility payments, and other living expenses which can pile up as a result of being unable to work due to injuries from the accident.
Let’s consider an example to better understand how a car accident loan works in real life: John, a resident of Montana, gets involved in a major car accident. He sustains serious injuries and cannot work for months. With mounting hospital bills and usual household expenses, John’s savings run out. Unable to wait for his ongoing lawsuit’s settlement, he applies for a car accident loan through LawsuitLoans.io. Upon approval, he receives a cash advance which he uses to cover his bills. It’s important to note that if John’s case doesn’t settle in his favor, he wouldn’t be required to repay this amount.
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 Montana
Car accident loans in Montana are an essential resource for personal injury claimants. LawsuitLoans.io provides pre-settlement funding, easing the financial stress while waiting for your case to resolve. Let’s delve into some key statistics in the table below:
|Average car accident loan amount by LawsuitLoans.io in Montana
|Largest car accident loan by LawsuitLoans.io in Montana
|Average interest rate in Montana
|Median personal injury verdict in Montana
|Montana statute of limitations
|3 Years; Mont. Code Ann. § 27-2-202
|Montana fault laws
|Montana 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 Montana?
If you have been involved in a car accident in Montana, you may be wondering whether you’re eligible for a lawsuit loan – an advance on the potential settlement or jury award from your lawsuit. The primary criteria for eligibility are quite straightforward:
- You must have a valid legal claim against an insurance company or a self-insured company. This means that another party is at fault for the accident and your injuries, and you have a potential claim for damages.
- You must have hired an attorney to represent your case, and they must be working on a contingency basis. A contingency arrangement means your attorney only gets paid if you win your case or secure a settlement. This signals to the funding company that your legal claim likely has merit.
- You must be at least 18 years old – the legal age of majority in Montana. Lawsuit loans are legal contracts, so you need to be of legal age to enter into one.
In essence, if you have a strong legal claim and have an attorney on board, you could be well positioned to secure a car accident lawsuit loan in Montana.
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.
Months Until Settlement:
Pay as little as $2,631 on a lawsuit loan of $10,000 if your case settles within 6 months of your advance.
Save as much as $1,697 on a lawsuit loan of $10,000 if your case settles within 6 months of your advance.
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 Montana
If you are involved in a car accident lawsuit in Montana, you may find yourself facing financial challenges while waiting for your legal case to resolve. This is where LawsuitLoans.io steps in with a solution called auto accident lawsuit loans.
So, how does this process work? It is actually quite simple and can be summed up in five main steps:
- Apply online: Use our website at LawsuitLoans.io funding application to submit your application.
- We contact your law firm: Once we receive your application, we will reach out to your law firm to get more details about your case.
- We review your case: Our team will then take a comprehensive look at your case details to assess whether it qualifies for a loan.
- You sign a contract: If your case is approved, you sign an agreement that outlines the terms of the loan.
- You get funds: Finally, you receive your money either through direct deposit or a check. The funds can be used however you see fit, such as paying living expenses or medical bills.
Now, let’s consider an example. Meet John, a Montana resident who was injured in a car accident. His case was strong, but he needed money to meet his growing pile of bills. John applied for a car accident lawsuit loan on our website. After a swift application review and consultation with his law firm, we approved his loan. He signed the contract, received the funds, and was able to manage his costs effectively while his lawsuit was still ongoing.
Apply today and get funds as soon as the same day you apply!
Roadway Accident Cases we Fund in Montana
At LawsuitLoans.io, our funding services extend to a wide variety of roadway accidents in Montana. Here are some of the specific cases we fund:
- Bicycle Accident Loans: Offering prompt financial help to cyclists injured due to negligent drivers.
- Car Accident Loans: Providing immediate funds for victims involved in car mishaps.
- Commercial Vehicle Accident Loans: Ensuring business does not stop because of accidents involving your commercial vehicles.
- Government Vehicle Accident Loans: Grants available for incidents involving government vehicles.
- Motorcycle Accident Loans: Quick cash relief for victims of motorcycle accidents.
- Pedestrian Accident Loans: Funding solutions for pedestrians injured in roadway accidents.
- Rideshare Accident Loans: Compensation for victims injured in accidents involving rideshare vehicles.
- Semi-Truck Accident Loans: Immediate financial assistance for those hurt in semi-truck collisions.
How Much Money Can I Get From my Car Accident Pre-settlement Loan?
Lawsuit loans from LawsuitLoans.io can range from $500 – $1,000,000+. We have the ability to 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 take a real-world example. Let’s say you’re a plaintiff in a car accident case in Montana. The estimated value of the case is $50,000. But the case won’t be settled for some time. Generally, medical providers get their payment first, taking around 1/3 of the settlement. Then your attorney takes about their fees, also typically around 1/3 of the settlement. This would leave you with 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 Montana
At LawsuitLoans.io, we are dedicated to serving plaintiffs in Montana and across the nation. In Montana, all cities, small and large, have access to our pre-settlement funding services. Below are the top 10 cities by population in Montana that we serve:
- Great Falls
- Miles City
Remember, no matter where you reside in Montana or nationally, LawsuitLoans.io is ready to assist you with your pre-settlement funding needs. Apply today via our funding application or give us a call on our toll-free number (866) 594-1343.
Montana Car Accident Funding FAQs
In this section, we will answer some of the most frequently asked questions by Montana residents about car accident lawsuit funding.
How much does it cost to get a car accident lawsuit loan?
The cost of obtaining a car accident lawsuit loan varies based on several factors. These include the amount of money you’re requesting, the expected duration of your case, and the perceived risk involved in your lawsuit. LawsuitLoans.io offers competitive rates and would be happy to provide a customized quote based on your specific situation.
Do I qualify for a lawsuit loan on my car accident case?
Qualification for a lawsuit loan depends on the merits of your case. If you have a strong claim with clear liability against the other party, you likely qualify for a lawsuit loan. The team at LawsuitLoans.io can evaluate your case for free and let you know if lawsuit funding is an option for you.
Can you get a loan on a car accident settlement?
Yes, it’s possible to obtain a loan on a car accident settlement. This type of financial help is called post-settlement funding. It’s available after you’ve settled your case but before the funds have been disbursed to you. LawsuitLoans.io offers this service to qualified individuals awaiting their settlement funds.