New York Semi Truck 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 Semi-Truck Accident Loans in New York
Semi-truck accident loans are a form of legal funding that provides an advance on a plaintiff’s future settlement. In other words, they are funds given in advance to plaintiffs who have filed lawsuits related to semi-truck accidents and are awaiting resolution of their cases.
These loans differ from traditional loans as they are non-recourse in nature. This simply means if the plaintiff does not win their legal claim or fails to secure a settlement, they are not obligated to repay the loan. Hence, the risk is entirely on the lending company.
To illustrate an example, let’s consider a plaintiff named Tyler who is involved in a semi-truck accident. While pursuing his legal case, he may face financial difficulties due to loss of income, medical bills and other living expenses. In such situations, legal funding like a semi-truck accident loan can be utilized to support him financially throughout the course of his case.
This loan will enable Tyler to make ends meet without having to settle his lawsuit prematurely due to financial stress. It acts as a safety net, ensuring Tyler can sustain his expenses while patiently awaiting the settlement of his claim.
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.
Types of Semi-Truck Accident Claims in New York
There are several types of semi-truck accidents that can happen on the road. Here are a few examples:
- Rollovers: This happens when a truck driver loses control and the truck tips over on its side or roof. High speed, sudden maneuvers, and unbalanced cargo loads can cause rollovers.
- Jackknifes: This involves one part of the truck folding in relation to the other, forming a V shape, similar to a jackknife. This often results from sudden braking or slippery conditions.
- Rear-end Collisions: This usually occurs due to truck driver fatigue, distraction, or following another vehicle too closely.
Now, let’s discuss the fault law in New York. It’s important to know that New York follows a ‘pure comparative fault’ rule. Under this rule, plaintiffs can still recover damages even if they were partly at fault for the accident. However, their recovery will be reduced by their percentage of fault. For example, if you were found 30% at fault, your recovery would be reduced by 30%.
This rule can significantly impact your lawsuit, and it’s key to speak with experienced legal counsel who can guide you through the process. Visit LawsuitLoans.io or call us at (800) 340-4973 to discuss options for pre-settlement funding to help sustain your living expenses while your case unfolds.
Get up to $500,000 With Rates as Low as 2.5% Simple, Monthly
Am I Eligible for a Semi-Truck Accident Loan in New York?
If you’ve been involved in a semi-truck accident and are pursuing a legal claim, you’re probably wondering whether you are eligible for a lawsuit loan. Let’s go over the basic eligibility criteria.
To qualify for a semi-truck accident lawsuit loan in New York, you need to meet the following primary criteria:
- Have a valid legal claim against an insurance company or a company that is self-insured.
- Be legally represented by an attorney who is hired on a contingency basis.
- Be at least 18 years old.
If you meet these eligibility requirements, you’re on the right path to receiving pre-settlement funding 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 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.
Semi-Truck Accident Loan Process in New York
If you have been involved in a semi-truck accident in New York and you’re waiting for your lawsuit to settle, you may need financial aid to tide you over. LawsuitLoans.io provides pre-settlement funding known as auto accident loans. This is how it works:
- Apply online: Visit the LawsuitLoans.io funding application and fill in the requested details about you and your case.
- We contact your law firm: After receiving your application, we reach out to your legal team to gather further information about your case and their opinion on its outcome.
- We review your case: Our experts carry out a thorough review of your case details to determine if you qualify for a loan.
- You sign a contract: If your case qualifies, we send you a contract detailing loan terms such as amount and proposed payback schedule. You are free to review this with your attorney before signing.
- You get funds: Once the papers have been signed and returned to us, we send your funds via your chosen method, which usually takes a few hours to a couple of days.
For instance, let’s consider John, a plaintiff involved in a severe semi-truck accident in New York. After the incident, John struggled not only with his physical recovery but also with mounting medical bills, loss of income, and other costs of living. He decided to apply to LawsuitLoans.io for a loan to relieve his financial burden while he awaited his settlement. John went through the process outlined above, and within days of submitting his application, he received the required funds to support him during this challenging time.
Get Started
Apply today and get funds in as little as 24 hours!
Roadway Accident Cases we Fund in New York
At LawsuitLoans.io, we provide funding for almost any type of roadway accident in New York. This includes:
- Bicycle Accident Loans: We’re here to support you as you recover from a bicycle accident and wait for your lawsuit to resolve.
- Car Accident Loans: Car accidents can be traumatic. Our loans can help alleviate financial stress as you deal with the aftermath>.
- Commercial Vehicle Accident Loans: Commercial vehicle accidents can become complex legal cases. Our loans provide the funds you need during this time.
- Government Vehicle Accident Loans: Government vehicle incidents require special legal handling. Our funding will see you through these claims.
- Motorcycle Accident Loans: We understand how vital motorcycle accident legal claims can be. These loans are meant to support you in this process.
- Pedestrian Accident Loans: Pedestrian accidents can lead to severe injuries. Our funding will let you focus on recovery while your lawsuit progresses.
- Rideshare Accident Loans: Get the financial help you need after a rideshare accident with our loans.
- Semi-Truck Accident Loans: Our semi-truck accident loans cater to claimants pursuing claims related to these large vehicles.
How Much Money Can I Get From my Semi-Truck Accident Pre-settlement Loan?
LawsuitLoans.io offers lawsuit loans ranging from $500 to over $1,000,000. If your case is still in progress, we can provide a cash advance of up to 25% of your expected share of the settlement. For cases that have already been settled, we can offer up to 50% of your expected part of the settlement.
Let’s consider a real-life example. Suppose you’re an injury victim involved in a car accident lawsuit in New York. Assume the estimated value of your case is $60,000, but it won’t settle for some time. Typically, medical providers receive about one-third of the settlement, and another third goes to your attorney. That leaves roughly $20,000 for you. LawsuitLoans.io would be able to advance approximately 25% of that amount, which would be $5,000.
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 York
At LawsuitLoans.io, we stand by those with pending legal cases across the United States, including every city within the state of New York. We extend our pre-settlement funding services to residents in the following top 10 populous cities in New York:
- New York City
- Buffalo
- Rochester
- Yonkers
- Syracuse
- Albany
- New Rochelle
- Mount Vernon
- Schenectady
- Utica
No matter where you are in New York or anywhere in the country, LawsuitLoans.io is committed to providing you with the funds you need while you wait for your legal case to resolve. Contact us today at our toll free phone number, (800) 340-4973, or start your funding application immediately through our website here.
New York Semi-Truck Accident Funding FAQs
The process of obtaining a semi-truck accident lawsuit loan may induce a few questions, especially for residents of New York. In this section, we address these commonly asked questions:
How much does it cost to get a semi-truck accident lawsuit loan?
The cost of a semi-truck accident lawsuit loan can vary based on multiple factors. It usually depends on the expected value of your settlement and the duration of your case. For a clear understanding of the costs involved, feel free to contact LawsuitLoans.io directly at (800) 340-4973 or fill out an application here.
Do I qualify for a lawsuit loan on my semi-truck accident case?
In most cases, if you’re a plaintiff with a valid legal claim in a semi-truck accident case, you can qualify for a lawsuit loan. Remember, approval is dependent on the strength of your case and its potential outcome.
Can you get a loan on a semi-truck accident settlement?
Yes, you can get a loan on a semi-truck accident settlement. This type of funding, often known as pre-settlement funding, provides financial assistance while you wait for your case to settle. This can help you manage your daily expenses without financial stress obstructing justice.
Get up to $500,000 With Rates as Low as 2.5% Simple, Monthly
Other Cases we Fund in New York
LawsuitLoans.io provides funding for various personal injury and roadway accident cases in New York. Read more about the personal injury cases we fund in New York 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 York here:
Get Started
Apply today and get funds in as little as 24 hours!