Rhode Island 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 Rhode Island
A car accident loan is a type of pre-settlement funding provided to plaintiffs in a car accident case. This type of loan is also referred to as legal funding. It isn’t a traditional loan, rather it’s an advance on a potential future settlement from the lawsuit. The unique thing about these loans is they are non-recourse, which means if you lose your case, you’re not obligated to pay back the funds.
Let’s say, for example, you’ve been involved in a car accident in Rhode Island and you’ve filed a lawsuit seeking compensation for your injuries. While you wait for your case to resolve, you may suffer financially, facing medical bills, lost wages and other expenses. This is where car accident loans come in handy.
By applying for this kind of financial aid through LawsuitLoans.io, you can get access to funds that can help sustain your living expenses during this challenging period. The repayment of borrowed funds happens only when you win your case and receive your settlement.
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 Rhode Island
In the event of a car accident in Rhode Island, it’s crucial to understand your financial options. Car accident loans provided by LawsuitLoans.io can offer you the funding necessary to cover your pending bills and other expenses while you wait for legal resolution. Please see the table below for specific information about car accident loans in Rhode Island.
| Average car accident loan amount by LawsuitLoans.io in Rhode Island | $2,645.00 |
| Largest car accident loan by LawsuitLoans.io in Rhode Island | $8,340.00 |
| Average interest rate in Rhode Island | 21.3% |
| Median personal injury verdict in Rhode Island | $20,906.00 |
| Rhode Island statute of limitations | 3 Years; Title 9 Ch. 1 Section 9-1-14 |
| Rhode Island fault laws | Rhode Island 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 Rhode Island?
If you’ve been involved in a car accident in Rhode Island, you may be wondering whether you’re eligible for a lawsuit loan. The primary eligibility criteria for a lawsuit loan are straightforward and inclusive, designed to help as many people as possible get through the financial difficulties that often accompany lengthy legal processes. To qualify for a car accident lawsuit loan, you must meet the following criteria:
- Legal Claim: You need to have a valid legal claim against an insurance company or a self-insured company. If you’re pursuing a lawsuit due to damages suffered from a car accident, this criterion is typically satisfied.
- Attorney Representation: You must have an attorney hired on a contingency basis. This means your attorney gets paid only if they win or settle your lawsuit. Having an attorney working on a contingency basis indicates a higher level of confidence in the validity of your case.
- Age Requirement: Lastly, you must be at least 18 years old to qualify for a lawsuit loan.
If you meet all the above criteria, you may be eligible for a car accident lawsuit loan. Lawsuit financing can provide the cash you need to cover daily living expenses, and help you withstand the financial stress while you wait for your lawsuit to resolve.
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 Rhode Island
Auto accident loans are a straightforward way for plaintiffs of legal cases to gain access to funds while they wait for their case to conclude. Here is a simple five-step process that explains how it works:
- Apply online: The first step involves submitting an application online via the LawsuitLoans.io funding application. This application contains basic information about you and your ongoing case.
- We contact your law firm: After receiving your application, our team initiates contact with your law firm to gather more details about your case.
- We review your case: Upon getting all necessary details, we conduct a thorough review of your case. This is to determine its strength and decide whether you qualify for the loan or not.
- You sign a contract: Once your case qualifies, you are presented with a contract to sign. The contract outlines the terms of the loan, including repayment conditions.
- You get funds: After the contract is signed and returned, the funds will be directly transferred to your account.
To illustrate this process, let’s consider a hypothetical example of John, a car accident plaintiff in Rhode Island. John suffered a severe injury in a car accident due to another party’s negligence. While awaiting the settlement of his claim, John was having trouble staying financially afloat. He decided to seek help from LawsuitLoans.io.
John applied online at LawsuitLoans.io, filled out the required information detailing his case. The team at LawsuitLoans.io promptly contacted John’s law firm for further specifics about the case. With the information provided, a careful review of John’s case was done by LawsuitLoans.io. On finding John’s case to be a strong one, he was then sent a contract to sign indicating his agreement to the terms of the loan. After signing and returning the contract, John received the funds he needed to sustain himself financially as he awaited his settlement.
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Apply today and get funds in as little as 24 hours!
Roadway Accident Cases we Fund in Rhode Island
At LawsuitLoans.io, we provide funding for almost any type of roadway accident case in Rhode Island. Here are some specific types of cases we can assist with:
- Bicycle Accident Loans: We fund plaintiffs who are involved in bicycle accidents while they wait for their case to resolve.
- Car Accident Loans: If you’ve been in a car accident, we can help with funds prior to the resolution of your legal case.
- Commercial Vehicle Accident Loans: Our funding support extends to commercial vehicle accident cases too.
- Government Vehicle Accident Loans: Involved in a government vehicle accident? We can help.
- Motorcycle Accident Loans: Motorcycle accident plaintiffs can also benefit from our funding services.
- Pedestrian Accident Loans: Pedestrians involved in accidents can apply for pre-settlement funding.
- Rideshare Accident Loans: We offer funding assistance for those involved in rideshare accidents.
- Semi-Truck Accident Loans: If you’re a plaintiff in a semi-truck accident case, our funding services can help you stay financially stable as your case progresses.
How Much Money Can I Get From my Car Accident Pre-settlement Loan?
LawsuitLoans.io is generous when it comes to the range of lawsuit loans we provide. It can range anywhere from $500 all the way up to over $1,000,000. If your case is still in progress, we can offer you a cash advance that equates to as much as 25% of your anticipated settlement share.
If your case has already been settled, your advance could rise to 50% of your expected settlement portion. Here’s an instance to elucidate this: consider a plaintiff based in Rhode Island embroiled in a car accident case. The expected value for this case is estimated to be $50,000, however, the case is currently ongoing and isn’t expected to settle soon.
Usually, medical providers are paid about 1/3 of the settlement, next, the attorney also takes another 1/3 of the settlement amount. This typically leaves the plaintiff with around $17,000 left from the settlement proceeds. From this remaining amount, LawsuitLoans.io can offer to advance roughly 25%, which equates to around $4,250.
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 Rhode Island
LawsuitLoans.io serves not only Rhode Island but across the nation. Here, we present the top 10 cities in Rhode Island that we serve, based on population:
- Providence
- Warwick
- Cranston
- Pawtucket
- East Providence
- Woonsocket
- Cumberland
- North Providence
- South Kingstown
- West Warwick
Note that our service extends to all cities in Rhode Island and beyond. Regardless of your location in Rhode Island, LawsuitLoans.io can provide you with pre-settlement funding, ensuring you get the financial aid while you wait for your legal case resolution.
Rhode Island Car Accident Funding FAQs
We often receive many questions from Rhode Island residents about our lawsuit loan services. Below are the answers to some of the most frequently asked questions:
How much does it cost to get a car accident lawsuit loan?
The cost to get a car accident lawsuit loan depends on your case and the lending terms. It’s best to contact us at (800) 340-4973 or fill out our online application to get a more accurate estimate.
Do I qualify for a lawsuit loan on my car accident case?
Qualification for a lawsuit loan depends on the facts and circumstances of your individual case. Factors that typically affect qualification include the severity of your injuries, the chances for a successful lawsuit, and the likely settlement amount. If you have a personal injury attorney, you are likely eligible for funding.
Can you get a loan on a car accident settlement?
Yes, you can get a loan on a car accident settlement. This is actually what a ‘lawsuit loan’ is. It provides financial help to plaintiffs waiting for their car accident lawsuit settlement. It’s not a loan in the traditional sense. Rather, it’s a cash advance on the prospective proceeds of your legal claim.
Get up to $500,000 With Rates as Low as 2.5% Simple, Monthly
Cities we Service in Rhode Island
LawsuitLoans.io provides funding throughout Rhode Island. See more about our funding in Rhode Island by visiting the city pages below:
Other Cases we Fund in Rhode Island
LawsuitLoans.io provides funding for various personal injury and roadway accident cases in Rhode Island. Read more about the personal injury cases we fund in Rhode Island 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 Rhode Island here:
Get Started
Apply today and get funds in as little as 24 hours!