Oklahoma Car Accident Loans

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  • Rates As Low As 2.5% Simple, Monthly
  • Repay $0 If You Lose
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    What Are Car Accident Loans in Oklahoma?

    A car accident loan is a form of financial assistance that is available for plaintiffs involved in car accident litigation. The name might be misleading because it’s not exactly a “loan” as most people understand the term. Actually, this type of financial support is more like an advance on the potential settlement of your car accident lawsuit.

    The essential feature of a car accident loan is that it is non-recourse. This means if you do not win your case, you do not have to pay back the amount advanced to you. In other words, the risk sits entirely with the funding company— in this case, LawsuitLoans.io.

    How does this work? Imagine you are involved in a car accident due to someone else’s negligence. You decide to sue the responsible party. The legal process, however, can stretch out for months or even years. During this time, you might face financial difficulties, especially if you are unable to work.

    A car accident loan from LawsuitLoans.io can help you to cover your living expenses during this tough period. It can provide the financial lifeline you need while you wait for your lawsuit to make its way through the court system.

    You can apply for this advance through the LawsuitLoans.io funding application, and if approved, you’ll receive the money directly. Then, if your lawsuit is successful, the advance is repaid from your settlement amount. If not, remember, you won’t owe a thing.

    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 Oklahoma

    If you’ve been involved in a car accident in Oklahoma and are dealing with financial hardship while waiting for your lawsuit to resolve, a car accident loan from LawsuitLoans.io can be of great help. This pre-settlement funding provides immediate cash which you can use for medical bills, living expenses, and other immediate needs. Here’s some key information about car accident loans in LawsuitLoans.io in Oklahoma.

    Average car accident loan amount by LawsuitLoans.io in Oklahoma $1,500.00
    Largest car accident loan by LawsuitLoans.io in Oklahoma $20,000.00
    Average interest rate in Oklahoma 20.0%
    Median personal injury verdict in Oklahoma $39,137.00
    Oklahoma statute of limitations 2 Years; Title 12 Ch. 3 Section 95
    Oklahoma fault laws Oklahoma 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 Oklahoma?

    If you’ve been involved in a car accident in Oklahoma, you may be wondering if you’re eligible to receive a lawsuit loan to help cover your costs while you wait for your legal case to resolve. The process is more straightforward than you might think. There are primarily three eligibility criteria that you need to meet.

    First, you must have a valid legal claim against an insurance company or a self-insured company. If the other party is clearly at fault and their insurance company or they themselves have funds to cover your claim, this criterion is essentially met.

    Second, you should have hired an attorney on a contingency basis. This means the attorney won’t get paid until you win your case, making them motivated to secure the best possible outcome for you. This also serves to further validate your claim.

    Finally, in Oklahoma, as in most states, you need to be at least 18 years old to enter into a financial agreement such as a lawsuit loan. If you meet these three criteria, chances are you are eligible for a car accident lawsuit loan.

    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 Oklahoma

    If you are a victim of an auto accident in Oklahoma and have a pending lawsuit, you may qualify for a lawsuit loan. This loan provides immediate funding to assist with your living expenses and ongoing medical bills while you await the resolution of your case. The entire process is straightforward and involves mainly five steps:

    1. Apply online – To begin the process, submit your application on our website.
    2. We contact your law firm – After receiving your application, we will reach out to your legal representative for case-related details.
    3. We review your case – Our team of experts will then examine your case for its merits. This is in no way an attempt to influence your case but to assess its possible value.
    4. You sign a contract – If your application is approved, you will be required to sign a contract that outlines the terms of the funding agreement.
    5. You get funds – Once the contract is signed, the funds you require will be transferred to you without delay.

    Let’s explore this process through an example. Imagine John, an Oklahoma resident and a motorcycle enthusiast who got injured in a car accident. As the injuries were severe, he was unable to work and started feeling the financial pinch. To ease his burden, he decided to apply for a lawsuit loan. After submitting the application online, John’s lawyer was contacted for details about the case. Upon satisfactory review of his case, John was provided with a contract outlining the terms of the loan. Once he agreed and signed the contract, the funds were swiftly transferred to him to help meet his financial needs during this difficult time.

    Get Started

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

    Roadway Accident Cases we Fund in Oklahoma

    At LawsuitLoans.io, we fund almost any type of roadway accident in Oklahoma. Below are various accidents that qualify for our financing:

    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 potential to advance up to a maximum of 25% of your expected portion of the settlement if your case is still ongoing. For cases that have already been settled, we can offer 50% of your expected portion of the settlement.

    Let’s consider an example involving an Oklahoma plaintiff in a car accident case with an estimated value of $50,000. The legal proceedings are still underway and expected to continue for some time. Keeping in mind, that typically medical providers receive around 1/3 of the settlement and the attorney takes approximately another 1/3. This would leave our plaintiff with roughly $17,000. In such a scenario, we could advance about 25% of the plaintiff’s share or around $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 Oklahoma

    LawsuitLoans.io proudly offers funding for residents across Oklahoma and throughout the United States. This includes the top 10 most populous cities in Oklahoma, which are:

    1. Oklahoma City
    2. Tulsa
    3. Norman
    4. Broken Arrow
    5. Edmond
    6. Lawton
    7. Moore
    8. Midwest City
    9. Enid
    10. Stillwater

    Last but not least, whether you live in one of these large cities or in a smaller town, LawsuitLoans.io strives to provide assistance with your personal injury and other legal claims. Our team will work hard to ensure you receive the funds you require while you await resolution of your case. So, don’t hesitate and start your application today!

    Oklahoma Car Accident Funding FAQs

    Understanding how lawsuit loans work can often feel overwhelming. Below we’ve compiled some of the most commonly asked questions about car accident funding in Oklahoma.

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

    The cost to secure a car accident lawsuit loan varies, largely depending on the specifics of your case. Each lawsuit loan is unique. Costs typically correlate to the risk associated with your lawsuit. Visit LawsuitLoans.io for more detailed information or contact us at (866) 594-1343.

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

    Lawsuit funding isn’t based on personal financial history or employment status. Instead, approval for a lawsuit loan primarily depends on the merit of your case. If you have a strong car accident claim that is likely to result in a settlement or court judgement in your favor, you’re likely to qualify for a lawsuit loan.

    Can you get a loan on a car accident settlement?

    Yes, you can get a loan on a pending car accident settlement. Lawsuitloans.io specializes in pre-settlement funding, which means we provide funds to plaintiffs while they are waiting for their legal case to resolve. Visit our application page to start the process today.

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

    Does LawsuitLoans.io Directly Fund Cases in Oklahoma?

    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 Oklahoma.

    Apply now for a free consultation