Oklahoma Semi Truck Accident Loans

What Are Semi-Truck Accident Loans in Oklahoma

A semi-truck accident loan is a type of financial help specific to those involved in semi-truck accidents. Also known as legal funding, these loans can provide immediate cash relief to plaintiffs while they wait for their settlement. Unlike traditional loans, these don’t have to be paid back if the case doesn’t result in favor of the plaintiff. This is why these loans are also described as non-recourse advances.

Let’s use a practical example to illustrate this concept. Consider Wayne, a victim of a semi-truck accident in Oklahoma. Due to severe injuries, Wayne cannot work and he’s struggling to support himself financially. He decides to file a lawsuit seeking compensation but realizes that the resolution may take months or even years.

This is where semi-truck accident loans come into play. By applying for a loan from a pre-settlement funding company like LawsuitLoans.io, Wayne can obtain the necessary funds to tide him over until his case resolves. If his case wins, he repays the loan with the settlement amount. However, if Wayne’s case does not result in a settlement, he owes nothing back.

Types of Semi-Truck Accident Claims in Oklahoma

In Oklahoma, there are a variety of semi-truck accidents that can lead to legal claims. Some common examples include:

• Jackknife Accidents: This occurs when the trailer of the truck swings out into a 90-degree angle, forming a shape that resembles a jackknife. Often caused by sudden braking, these accidents can result in severe damage and injuries.
• Rollover Accidents: These happen when the truck rolls over due to excessive speed, sharp turns, or load imbalance. Rollover accidents can cause serious injuries not only to the truck driver but also other road users.
• Rear-End Collisions: This happens when a semi-truck hits the vehicle ahead of it. Despite seeming like minor accidents, rear-end collisions can lead to serious injuries due to the size and weight of the truck involved.
• Blind Spot Accidents: Semi-trucks have large blind spots on all sides. If other drivers aren’t aware of these blind spots or if the truck driver fails to check properly, devastating accidents can occur.

In terms of liability, Oklahoma operates under a modified comparative negligence rule. This means if you are partially at fault for your accident, your potential compensation may be decreased. For instance, if you’re 20% at fault, your compensation would be reduced by 20%. However, if you are found to be 51% or more at fault, you will not receive any compensation.

This fault law can significantly impact a plaintiff’s chance of success in their lawsuit. Therefore, understanding the circumstances of your accident and building a strong case is crucial.

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

If you’ve been involved in a semi-truck accident in Oklahoma, you might be wondering about your eligibility for a lawsuit loan. A lawsuit loan can provide you with vital funding while you wait for your legal case to be resolved.

The fundamental criteria for eligibility for a lawsuit loan in case of a semi-truck accident are quite straightforward. To be eligible, the critical requirements include:

• Having a valid legal claim against an insured party or self-insured entity.
• Engaging an attorney on a contingency basis.
• Being at least 18 years old.

If these conditions are satisfied, you may qualify for a lawsuit loan from LawsuitLoans.io. By securing a lawsuit loan, you can alleviate financial pressures and focus on your recovery instead of worrying about bills and expenses.

Semi-Truck Accident Loan Process in Oklahoma

Lawsuit loans can be a lifeline for plaintiffs who have been injured and are undergoing a legal case. They are simple to understand and quick to receive. Here are the five main steps:

1. Apply Online: The first step is completing our online application at LawsuitLoans.io funding application.
2. We Contact Your Law Firm: After reviewing your information, we reach out to your law firm to tell them you’ve applied for help.
3. We Review Your Case: Once we’ve gotten the needed information from your lawyer, we look over your case carefully.
4. You Sign a Contract: If your case is accepted, you will be asked to sign a contract. This document sets up your lawsuit loan terms.
5. You Get Funds: Soon after the contract is signed, your funds will be sent directly to your account.

For example, consider Jane, who was involved in a semi-truck accident in Oklahoma. She was severely injured and couldn’t work for months. Facing financial burden, she decided to apply for a lawsuit loan with LawsuitLoans.io. After completing her online application, we contacted her attorney, reviewed her case, and agreed to fund her. Following Jane’s signing of the contract, she received her funds in a matter of days. This lawsuit loan helped Jane manage her expenses until her case was resolved.

Roadway Accident Cases we Fund in Oklahoma

At LawsuitLoans.io, we provide funding for almost any type of roadway accident situation in Oklahoma. Here are some of the most common types:

• Bicycle Accident Loans: Funding for those injured while riding their bicycles due to another’s negligence.
• Car Accident Loans: Financial aid for victims who’ve experienced injury from a car accident.
• Commercial Vehicle Accident Loans: Assistance for those involved in accidents with commercial vehicles.
• Government Vehicle Accident Loans: Loans available for accidents involving government vehicles.
• Motorcycle Accident Loans: Financial support for those affected by motorcycle accidents.
• Pedestrian Accident Loans: Help for pedestrians struck by vehicles on the street.
• Rideshare Accident Loans: Assistance for people injured in accidents involving rideshare companies like Uber or Lyft.
• Semi-Truck Accident Loans: Aid for victims involved in crashes with semi-trucks.

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

LawsuitLoans.io offers a range of lawsuit loans from $500 to over $1,000,000. If your case is still ongoing, we could advance you up to 25% of what you’re predicted to receive in the settlement. Once your case has been settled, we’re potentially able to provide you with up to 50% of your expected portion of the settlement.

Let’s say, for example, you’re an Oklahoma plaintiff involved in a car accident case and your case has an estimated value of $60,000. The case is far from being settled. In most instances, medical providers are paid around one-third of the settlement, the attorney receives another third, leaving approximately $20,000 for the plaintiff. In this situation, we could potentially advance about 25% of that amount, which is $5,000.

Major Cities we Serve in Oklahoma

We at LawsuitLoans.io are proud to serve all cities in Oklahoma and nationwide. This includes the top 10 most populated cities in Oklahoma.

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

If you live in one of these cities or any other location in the state and are seeking funding while you wait for your legal case to resolve, apply today with LawsuitLoans.io or call us toll-free on (866) 594-1343.

Oklahoma Semi-Truck Accident Funding FAQs

Semi-truck accidents in Oklahoma can lead to serious and life-altering consequences for the victims. As the litigation process can be long and stressful, many individuals rely on lawsuit loans. In this section, we aim to answer some frequently asked questions specific to semi-truck accident lawsuit loans.

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

The cost to acquire a semi-truck accident lawsuit loan varies depending upon different factors. These include individual case details, the expected settlement amount, and the risk associated with the loan. Keep in mind, if your case fails you owe nothing to us. That makes this financial option, offered by LawsuitLoans.io, comparatively less risky than traditional lending options.

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

Your qualification for a lawsuit loan depends upon the assessment of your ongoing semi-truck accident case. Simply put, factors like the extent of injuries, fault in the accident, insurance coverage, and legal representation play an important role in determining whether or not you qualify.

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

Yes, you can obtain a loan on a semi-truck accident settlement. This is typically referred to as post-settlement funding. LawsuitLoans.io provides post-settlement funding to cover your financial needs while you wait for your settlement to pay out.

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.