New Jersey Car 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
What Are Car Accident Loans in New Jersey
By the term Car Accident Loans, we refer to a special financial arrangement designed for plaintiffs involved in car accident lawsuits. In principle, it’s an advance on your future settlement and it’s primarily regulated by the legalities of non-recourse obligations.
Here’s how it works: if you’ve been involved in a car accident in New Jersey and initiated a legal case to pinpoint responsibility, you may find yourself facing extensive legal procedures and financial hardships while awaiting the settlement. Personal injuries, loss of income, healthcare expenses, and everyday cost of living can present genuine challenges.
This is where Car Accident Loans step in and provide plaintiff’s with a form of relief. They offer access to funds that are further deducted from their eventual settlement. This funding can be utilized to regulate medical bills, daily living costs, and any other financial burdens that surface as part of the journey towards justice.
For instance, if you’re the plaintiff of a car accident lawsuit, after applying you may receive a portion of your potential settlement funds upfront, which then gets subtracted from your eventual settlement amount. It’s a non-recourse advance, meaning if you win nothing, you owe nothing.
LawsuitLoans.io is always ready to provide support for such needs. Call us on (800) 340-4973, or apply online at LawsuitLoans.io funding application.
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 New Jersey
If you’re involved in a car accident in New Jersey and looking for financial aid while waiting for your lawsuit to resolve, car accident loans might be a suitable option for you. The table below provides some key data about car accident loans in New Jersey provided by LawsuitLoans.io.
| Average car accident loan amount by LawsuitLoans.io in New Jersey | $12,465.75 |
| Largest car accident loan by LawsuitLoans.io in New Jersey | $108,649.00 |
| Average interest rate in New Jersey | 21.7% |
| Median personal injury verdict in New Jersey | $31,000.00 |
| New Jersey statute of limitations | 2 Years; N.J. Stat. Ann. § 2a:14-1 |
| New Jersey fault laws | New Jersey is a “choice no-fault” state, allowing drivers to choose between a “no-fault” policy and a traditional “at-fault” policy. |
Get up to $500,000 With Rates as Low as 2.5% Simple, Monthly
Am I Eligible for a Car Accident Loan in New Jersey?
If you’re a victim of a car accident in New Jersey and you’re seeking financial help during the legal process, you might be wondering about your eligibility for a lawsuit loan. Many plaintiffs like you have found relief through car accident lawsuit loans provided by companies like LawsuitLoans.io.
Here we will take a look at some basic eligibility criteria. First, you need to have a valid legal claim against an insurance company or a self-insured company. If you’re dealing with either, there’s a good chance you could be eligible for a lawsuit loan.
The second condition for eligibility is having a lawyer working with you on a contingency basis. This means that your attorney gets paid only if you win your case. Working with such an attorney shows that you believe strongly in your case.
Lastly, you must be at least 18 years old to apply for this kind of legal funding. This is a common requirement for entering into any contract and it applies to lawsuit loans as well.
If you meet all of these criteria, you could qualify for a car accident lawsuit loan. For more details and to initiate the application process, feel free to visit LawsuitLoans.io funding application here.
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.
Car Accident Loan Process in New Jersey
Understanding auto accident loans can seem complicated, but we’re here to make it clear and simple. A loan against a car accident lawsuit involves five main steps:
- Apply online:The application process is straightforward, and everything is done online. Just visit LawsuitLoans.io funding application and follow the instructions provided.
- We contact your law firm: Once your application is received, our team gets in touch with your law firm to obtain relevant legal information about your case. This step is essential and critical for both parties.
- We review your case: Our loan specialists thoroughly examine your case documents, determining the viability of your claim and estimating your probable settlement amount. This step decides your loan approval.
- You sign a contract: If your application is approved, we forward a contract for you to sign. The contract outlines your loan terms, including the repayment schedule and other important details.
- You get funds: That’s it! The approved loan amount is sent to your account promptly. It’s evidence of our dedication towards providing an immediate financial solution during your pressing times.
Let’s illustrate this process with a common instance.
Consider John, a plaintiff who was injured in a car accident in New Jersey. Undoubtedly, the healing process from such injuries can be long and financially draining. As John waits for his car accident case to resolve, he discovers the financial relief potential of a lawsuit loan. He completes the online application, and we communicate with his law firm to grasp the ins and outs of his case. Our team reviews his application and approves it based on the strength of his case. With the signing of the contract, John can access the funds in no time, helping him address his financial needs while waiting for his case to settle.
Get Started
Apply today and get funds in as little as 24 hours!
Roadway Accident Cases we Fund in New Jersey
At LawsuitLoans.io, we fund almost any type of roadway accident in New Jersey. Here are some specific types of cases that we typically fund:
- Bicycle Accident Loans: These are loans to help victims who are involved in bicycle accidents.
- Car Accident Loans: These loans provide funds for those who have suffered injury due to a car crash.
- Commercial Vehicle Accident Loans: If you’re injured in an accident involving commercial vehicles like trucks or buses, these loans can be helpful.
- Government Vehicle Accident Loans: These are for lawsuits involving accidents with government vehicles.
- Motorcycle Accident Loans: Victims of motorcycle accidents can make use of this loan type.
- Pedestrian Accident Loans: If you’ve been hit by a vehicle while walking or jogging, these loans are available.
- Rideshare Accident Loans: We offer loans for accidents involving ride-sharing services like Uber and Lyft.
- Semi-Truck Accident Loans: If a semi-truck accident has caused your injuries, these loans can help you get through your lawsuit.
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 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 take an example where a plaintiff from New Jersey is involved in a car accident case with an estimated value of $50,000. Let’s say, the case is still in progress and will not settle for some time. Typically, medical providers receive around 1/3 of the settlement, amounting to about $16,666.67. The attorney also gets 1/3 of the settlement which is another $16,666.67. As a result, the plaintiff would expect to receive the remaining 1/3 or around $16,666.67.
At LawsuitLoans.io, we could advance approximately 25% of the plaintiff’s expected amount (from their portion of the settlement), which would total around $4,166.67.
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.
Major Cities we Serve in New Jersey
LawsuitLoans.io is proud to offer legal funding solutions to residents spread all over the United States. In New Jersey, we serve a multitude of cities, notably some of the most populated ones. Here are the top 10 cities in New Jersey by population that we routinely provide services to:
- Newark
- Jersey City
- Paterson
- Elizabeth
- Edison
- Woodbridge
- Lakewood
- Toms River
- Hamilton
- Trenton
Please note that these are only some of the cities we serve. If you live in a different city in New Jersey, or even in a different state, don’t worry. We provide our funding services nationwide.
New Jersey Car Accident Funding FAQs
How much does it cost to get a car accident lawsuit loan?
The cost of a car accident lawsuit loan can vary greatly depending on several factors. These factors may include the amount of money you’re seeking, and the expected duration of your case. It’s essential to understand that lawsuit loans are investments in your potential settlement. LawsuitLoans.io offers clear, fair, and competitive pricing for your needs. Contact us at (800) 340-4973 or apply here for details.
Do I qualify for a lawsuit loan on my car accident case?
To qualify for a car accident lawsuit loan, you must have a personal injury claim from a car accident that is not your fault. You also need to have a lawyer representing you. At LawsuitLoans.io, we evaluate each application on a case-by-case basis. Apply now here and we’ll be in touch soon to discuss your eligibility.
Can you get a loan on a car accident settlement?
Yes, at LawsuitLoans.io, we provide pre-settlement funding to plaintiffs awaiting the resolution of their car accident cases. This gives you financial support while you wait for your settlement. Remember, if you lose your case, you owe us nothing. Get started by applying here.
Get up to $500,000 With Rates as Low as 2.5% Simple, Monthly
Cities we Service in New Jersey
LawsuitLoans.io provides funding throughout New Jersey. See more about our funding in New Jersey by visiting the city pages below:
Other Cases we Fund in New Jersey
LawsuitLoans.io provides funding for various personal injury and roadway accident cases in New Jersey. Read more about the personal injury cases we fund in New Jersey 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 New Jersey here:
Get Started
Apply today and get funds in as little as 24 hours!