South Dakota 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

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    Pre-Settlement Funding for Car Accidents in South Dakota?

    Car accident loans are a type of funding that plaintiffs can receive if they are involved in a car accident and are awaiting a future settlement. Also known as pre-settlement funding, these ‘loans’ are unique in that they are considered non-recourse. This means that if the plaintiff does not win their case, they are not obligated to repay the funds.

    Here’s how it works: first, you apply for the loan. Upon approval, the company provides a cash advance based on the estimated value of your future settlement. You can use this money to cover immediate expenses while your legal case is still ongoing.

    Let’s consider an example. Imagine you’re a plaintiff who was involved in a car accident in South Dakota. Due to this accident, you’ve been unable to work and the bills are piling up. By applying for a car accident loan from a company like LawsuitLoans.io, you might be able to alleviate some financial stress. The funds can be used for living expenses, medical bills, or even case-related costs. Then, when you do eventually receive your settlement, the amount of the advance is simply deducted from what you’ve won.

    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 South Dakota

    If you’re involved in a car accident in South Dakota and pursuing a legal case, it can take time to receive your settlement. During this waiting period, a car accident loan from LawsuitLoans.io can provide financial support. This short-term loan uses your pending settlement as collateral. But before applying, let’s look at some vital information about car accident loans in South Dakota:

    Average car accident loan amount by LawsuitLoans.io in South Dakota $9,400.00
    Largest car accident loan by LawsuitLoans.io in South Dakota $14,300.00
    Average interest rate in South Dakota 22.5%
    Median personal injury verdict in South Dakota $31,000.00
    South Dakota statute of limitations for personal injury cases 3 Years; Title 15 Ch. 2 Section 15-2-14
    South Dakota fault laws for car accidents South Dakota operates on an “at-fault” or “tort” system, meaning the driver found responsible for the accident is liable for damages.

    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.

    Get up to $500,000 With Rates as Low as 2.5% Simple, Monthly

    Apply Now

    Am I Eligible for a Car Accident Loan in South Dakota?

    Qualifying for a car accident loan in South Dakota involves meeting certain basic requirements. First and foremost, you must have a valid legal claim after a car accident. This can be against an insurance company or a self-insured company.

    Another key eligibility requirement is that you have an attorney working on your case on a contingency basis. This means your attorney gets paid only if you win your case or achieve a settlement.

    Last but not least, to apply for a lawsuit loan from LawsuitLoans.io you need to be at least 18 years old. This is a standard requirement across many legal processes.

    If you tick all of these boxes, you may be eligible for a car accident loan in South Dakota. To get started, contact us at (800) 340-4973 or start your LawsuitLoans.io funding application online.

    Roadway Accident Cases we Fund in South Dakota

    At LawsuitLoans.io, we provide funding for nearly every type of roadway accident in South Dakota. See the list below for specific types of accidents and their corresponding loans:

    Get Started

    Apply today and get funds in as little as 24 hours!

    Apply Now

    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 can advance up to a maximum of 25% of your expected portion of the settlement if your case is still in progress. For settled cases, we can offer 50% of your expected portion of the settlement.

    Let’s consider an example. Suppose you’re a plaintiff in South Dakota in a car accident case with a $50,000 estimated settlement value. As your case is still in progress and will not settle for some time, we calculate your prospective share. Typically, medical providers receive about 1/3 of the settlement, and your attorney takes another 1/3. So, you would be likely to receive around $17,000 from the settlement. In such a scenario, we can advance approximately 25% of that amount, which comes to about $4,250.

    Major Cities we Serve in South Dakota

    LawsuitLoans.io is committed to helping plaintiffs across the United States, including those in South Dakota. We offer funding to residents in every city statewide. Here are the top 10 most populated cities in South Dakota that we serve:

    1. Sioux Falls
    2. Rapid City
    3. Aberdeen
    4. Brookings
    5. Watertown
    6. Mitchell
    7. Yankton
    8. Pierre
    9. Huron
    10. Spearfish

    To seek funding while waiting for your legal case to resolve, visit our website at LawsuitLoans.io or call us toll-free at (800) 340-4973. Whether you’re in Sioux Falls or Spearfish, we’re here to help. To apply, simply fill out an application located at LawsuitLoans.io funding application.

    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.

    Apply Now

    Cities we Service in South Dakota

    LawsuitLoans.io provides funding throughout South Dakota. See more about our funding in South Dakota by visiting the city pages below:

    Other Cases we Fund in South Dakota

    LawsuitLoans.io provides funding for various personal injury and roadway accident cases in South Dakota. Read more about the personal injury cases we fund in South Dakota here:

    Read more about the roadway accident claims we fund in South Dakota here:

    Get up to $500,000 With Rates as Low as 2.5% Simple, Monthly

    Apply Now

    Does LawsuitLoans.io Directly Fund Cases in South Dakota?

    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 South Dakota.

    Apply now for a free consultation