Pennsylvania Commercial Vehicle 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 Commercial Vehicle Accident Loans in Pennsylvania
A commercial vehicle accident loan, sometimes referred to as a car accident loan, is essentially a cash advance you receive while waiting for your legal case to settle. These loans can offer much-needed financial relief for plaintiffs who have been involved in a vehicular accident, particularly commercial types like truck accidents.
These loans are not really loans in the traditional sense, but more of a pre-settlement funding. The uniqueness here lies in the fact that they are non-recourse advances. This means if you lose your case, you’re not required to repay the amount advanced to you. Contrary to typical loan structures, repayment of this pre-settlement advance is contingent on the successful resolution of your legal case. If you win or settle your case, only then will the repayment be deducted from your settlement funds.
As such, these loans serve as a vital lifeline especially during the difficult time between an accident and settlement of the lawsuit. They help the plaintiff handle immediate financial demands such as medical bills, mortgage payments, groceries, and more, thereby giving them the resilience to pursue their legal rights fully without financial stress.
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 Pennsylvania
If you’re considering a car accident loan in Pennsylvania, it’s helpful to know essential facts. This type of pre-settlement funding helps legal claimants manage expenses while they wait for the resolution of their cases. Here, we’ve gathered some significant figures and information about car accident loans in Pennsylvania.
|Average car accident loan amount by LawsuitLoans.io in Pennsylvania||$18,024.14|
|Largest car accident loan by LawsuitLoans.io in Pennsylvania||$185,135.00|
|Average interest rate in Pennsylvania||20.2%|
|Median personal injury verdict in Pennsylvania||$15,000 to $45,000|
|Pennsylvania statute of limitations||2 Years; 42 Penn. Cons. Statutes Section 5524|
|Pennsylvania fault laws||Pennsylvania 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 Commercial Vehicle Accident Loan in Pennsylvania?
If you’re involved in a commercial vehicle accident and seeking a lawsuit loan in Pennsylvania, there are some basic eligibility criteria you need to meet. Unlike traditional loans, the main consideration here isn’t your credit score or employment status, but specific factors related to your legal case.
One major requirement is that there is a high insurance policy or a self-insured entity involved in your claim. If this condition is met, it usually indicates a strong potential for achieving a substantial settlement that will be suitable for repayment of the pre-settlement funding.
The second criterion is having an attorney handling your case on a contingency basis. This means, the attorney gets paid out of the final settlement or court verdict. Having an enlisted attorney is essential since it shows that a legal professional is backing up your claim.
Last but not least, to secure a lawsuit loan, you must be at least 18 years old as minors cannot enter into a contractual agreement by law. Therefore, even if you are a victim of a commercial vehicle accident, if you are underage, you won’t be eligible for a lawsuit loan.
If you meet these criteria, you stand a good chance of qualifying for a commercial vehicle accident lawsuit loan with LawsuitLoans.io.
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.
Commercial Vehicle Accident Loan Process in Pennsylvania
If you have been involved in a commercial vehicle accident and are waiting for your legal case to prove, you may benefit from a lawsuit loan. This is how a commercial vehicle accident loan works.
Step One: Apply online. You can start the process by filling out an application on the LawsuitLoans.io funding application page.
Step Two: We contact your law firm. After you submit your application, our team at LawsuitLoans.io will get in touch with your lawyer to gather more information about your case.
Step Three: We review your case. Our experts will carefully evaluate all the details of your case to make a fair assessment of its value.
Step Four: You sign a contract. Once we approve your case for a loan, we’ll send a contract for you to sign. This contract will outline all the terms and conditions of the loan.
Step Five: You get funds. After you’ve signed the contract, you’ll receive the funds. You can use this money to meet your living expenses or pay bills while you wait for your case to resolve.
Now, let’s take an example. Let’s suppose a plaintiff named John was injured in a commercial vehicle accident in Pennsylvania. After the crash, he was unable to work. Meanwhile, medical bills started to pile up. He applied for a lawsuit loan through our website. We got in touch with his lawyer, reviewed his case, accepted his application, and gave him the necessary funding. This funding proved to be a lifeline for John as it helped him survive financially until his case was resolved.
Apply today and get funds as soon as the same day you apply!
How Much Money Can I Get From my Commercial Vehicle Accident Pre-settlement Loan?
Lawsuit loans from LawsuitLoans.io can range anywhere from $500 all the way to $1,000,000. The amount that we can advance to you depends on the specifics of your case. If your case is still in progress, we could potentially advance you a maximum of 25% of the expected portion of your settlement.
If your case has already been settled, we can offer up to 50% of your expected portion of the settlement. Allow us to give you an example for better understanding.
Let’s say you are a plaintiff from Pennsylvania who was involved in a commercial vehicle accident and has a $500,000 estimated value claim. Your case is still in progress and won’t settle for a while. Typically, about 1/3 of the settlement goes for medical expenses and another 1/3 of the settlement goes to attorney fees. This leaves you with an approximate amount of $170,000.
In this scenario, LawsuitLoans.io would be able to advance about 25% of that amount as a pre-settlement loan, which equates to $42,500. Remember, every case is unique, so these figures can change based on the specifics of your case.
What Types of Commercial Vehicles are Frequently Involved in Cases we Fund in Pennsylvania?
In Pennsylvania, a variety of commercial vehicles are commonly involved in the cases that LawsuitLoans.io helps fund. While each type of vehicle brings unique factors into the legal claims, any kind of privately or commercially used vehicle can potentially be part of a car accident claim that we provide funding for.
Here are some common types of commercial vehicles we frequently see involved in cases in Pennsylvania:
These large transportation vehicles, also known as 18-wheelers, often carry heavy loads cross-country. If they’re involved in an accident, the damage can be severe due to their size and weight.
Delivery trucks, from parcel carriers to food delivery vans, are a common sight on Pennsylvania’s roads. The rush to deliver goods may sometimes lead to accidents.
Taxis and Rideshares
The rise of rideshare services like Uber and Lyft means there are more of these vehicles on the road than ever before. Accidents involving these vehicles can lead to complex claims due to issues around employment status and insurance liability.
School Buses and Public Transit Buses
Buses transport a high number of passengers at once, which can increase the potential for severe injuries in the event of an accident. State and local regulations can also complicate the legal process in these cases.
At LawsuitLoans.io, we can help fund cases involving these and other types of vehicles. To find out if your case qualifies, apply at our funding application page or contact us on (866) 594-1343.
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 Pennsylvania
At LawsuitLoans.io, we are proud to serve residents in all cities across Pennsylvania and nationwide. Below we’ve listed the top 10 cities by population in Pennsylvania where we frequently provide lawsuit funding:
Roadway Accident Cases we Fund in Pennsylvania
We understand that accidents occur, often through no fault of the victim. If you’re involved in any kind of roadway accident in Pennsylvania and awaiting your lawsuit outcome, we are here to help. We fund almost any type of roadway accident, including:
- Bicycle Accident Loans – We extend loans for those involved in bicycle accidents.
- Car Accident Loans – Were you in a car accident? Our car accident loans can assist you.
- Commercial Vehicle Accident Loans – Accidents involving commercial vehicles also qualify for our financial help.
- Semi Truck Accident Loans – We offer loans to victims of semi-truck accidents as well.
- Government Vehicle Accident Loans – If involved in a government vehicle crash, you’re also eligible for our funding.
- Motorcycle Accident Loans – Motorcycle accidents can be severe – our loans can help you get through this tough period.
- Pedestrian Accident Loans – Pedestrians affected by an accident are not left out. Our loans can offer financial relief.
- Rideshare Accident Loans – Whether you were hurt as a passenger or driver in a rideshare service, we have financial solutions for you.
Get up to $500,000 with rates as low as 2.5% simple, monthly
Pennsylvania Commercial Vehicle Accident Funding FAQs
If you’re a Pennsylvania resident in the midst of a commercial vehicle accident lawsuit, you likely have a few questions about lawsuit funding. Here are some frequently asked questions and their answers:
How much does it cost to get a commercial vehicle accident lawsuit loan?
Costs can vary for lawsuit loans depending on several factors such as your case value and expected timeline until conclusion. Typically, there are no upfront charges or fees. The repayment usually depends on a successful claim. More detailed information can be found at LawsuitLoans.io.
Do I qualify for a lawsuit loan on my commercial vehicle accident case?
Eligibility for lawsuit loans largely depends on the strength of your case and the likelihood of receiving a settlement or jury award. At LawsuitLoans.io, we provide funding for a range of cases, including commercial vehicle accidents. If you’re unsure of your eligibility, don’t hesitate to contact us at (866) 594-1343.
Can you get a loan on a commercial vehicle accident settlement?
Yes, you can apply for a loan against your commercial vehicle accident lawsuit settlement. Such a loan is also known as post-settlement funding. You can apply for this type of funding through our online application located at LawsuitLoans.io funding application.