Texas 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 Texas
Commercial vehicle accident loans in Texas are a form of financial assistance designed specifically for plaintiffs of an auto accident lawsuit. These loans provide a way for individuals to manage their financial obligations while awaiting the settlement of their case.
The primary aspect that differentiates these loans from a typical loan is that they are non-recourse. This means that if, for any reason, the plaintiff does not win their case, or the settlement amount is less than the loan amount, they are not required to repay the funds. These loans work by advancing a portion of the plaintiff’s future settlement, providing a vital lifeline during what can often be a lengthy legal process.
To qualify for these loans, you must have a pending car accident lawsuit and an attorney representing you. The funding company assesses your case’s merit and potential worth before approving you for a loan. Remember, these loans rely on the expected settlement amount; therefore, the more robust your claim, the higher the loan eligibility.
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 Texas
Car accident loans are a form of pre-settlement funding in Texas for plaintiffs involved in car accidents. These lawsuit loans aim to help victims cover their living expenses while they wait for their legal case to resolve. The following statistics provide an indicator of some of the loan amount averages and other pertinent information.
|Average car accident loan amount by LawsuitLoans.io in Texas||$9,400.29|
|Largest car accident loan by LawsuitLoans.io in Texas||$100,500.00|
|Average interest rate in Texas||21.3%|
|Median personal injury verdict in Texas||$12,281.00|
|Texas statute of limitations||2 Years; Civ. Prac. & Rem Code Title 2 Ch. 16 Section 16.003|
|Texas fault laws||Texas 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 Commercial Vehicle Accident Loan in Texas?
Eligibility for car accident lawsuit loans is straightforward. If you have undergone a commercial vehicle accident, you may be eligible. Why? Because in every commercial vehicle accident claim, there’s either a high insurance policy involved or a self-insured entity.
But it doesn’t stop there. There are two other important criteria to be met. The first is the involvement of an attorney hired on a contingency basis. This means you only pay your attorney if they win the case for you. The second criteria is age. You must be 18 years or older to be eligible for this type of loan.
For detailed information about your individual case, it would be best to approach your lawyer or reach out to a trusted lawsuit loan company like 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 Texas
If you are a victim of a commercial vehicle accident in Texas, you might need financial support to handle medical bills, legal fees, or other day-to-day expenses while your lawsuit is still ongoing. That’s where commercial vehicle accident loans come in handy.
LawsuitLoans.io provides a straightforward 5-step process for obtaining this particular type of lawsuit loan in Texas:
- Apply online: You initiate the process by filling out an online application, accessible via the LawsuitLoans.io funding application.
- We contact your law firm: After receiving your application, we reach out to your attorney or law firm to gather more details about your case.
- We review your case: We then assess the information provided by you and your law firm to determine if you qualify for a lawsuit loan.
- You sign a contract: If you qualify, we send you a contract outlining the terms of the loan. Once you’re happy with the terms, you sign the contract.
- You get funds: After receiving the signed contract, we swiftly process the payment. The funds will be sent directly to you.
Let’s take an example scenario: John, a Texas resident, was injured in a commercial vehicle accident. While waiting for his lawsuit to resolve, John applied for a lawsuit loan with LawsuitLoans.io. After submitting his application, our team reached out to John’s law firm, reviewed his case, and determined he qualified for a loan. John signed the contract and not long after, he received the funds he needed.
Like John, you could benefit from a commercial vehicle accident loan, providing crucial financial support in difficult times. Remember, if you have any questions or need further guidance, LawsuitLoans.io is just a phone call away at (866) 594-1343.
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 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.
Consider, for example, a plaintiff in Texas who was involved in a commercial vehicle accident. Let’s say that the claim has an estimated value of $500,000 and the case is still in progress, awaiting settlement for some time. As per a general understanding, medical providers are often paid around 1/3 of the settlement, and the attorney would receive another 1/3 of the settlement. As a result, the plaintiff would be entitled to receive around $170,000.
We, at LawsuitLoans.io, could potentially advance approximately 25% of that amount, which would equate to around $42,500. This is just an illustrative example and the actual case might vary based on several factors.
What Types of Commercial Vehicles are Frequently Involved in Cases we Fund in Texas?
In Texas and across the nation, several types of commercial vehicles are frequently involved in personal injury cases. Noteworthy to mention is that while many of our funded cases involve these vehicles, LawsuitLoans.io also funds car accident claims concerning any privately or commercially driven vehicle. Here is a look at the common types of commercial vehicles that tend to be involved in claims we fund in Texas:
- Semi-Trucks: These are large vehicles used mainly for transportation of goods. Due to their size and weight, accidents involving semi-trucks can lead to severe injuries.
- Buses: This category includes city buses, school buses, and private charter buses. When accidents occur, multiple passengers can be injured, leading to complicated cases with significant potential cost.
- Taxis and Rideshare Vehicles: Taxis and rideshares, such as Uber and Lyft, are also considered commercial vehicles. Accidents involving these vehicles can be complex due to the involvement of the rideshare companies’ insurance policies.
- Delivery Vans and Trucks: Packages’ delivery services like FedEx, UPS, and Amazon use these vehicles. Again, because of their size, accidents with delivery vans and trucks can cause serious harm.
Remember, at LawsuitLoans.io, we provide funding to those who have been injured in an accident involving any commercial or private vehicle. Our goal is to help you get through the difficult period between filing your claim and receiving your settlement.
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 Texas
At LawsuitLoans.io, we’re proud to serve clients from all across the Lone Star State. Here are the top 10 cities in Texas where we offer our pre-settlement funding services:
- San Antonio
- Fort Worth
- El Paso
- Corpus Christi
Please note that regardless of your location in Texas or anywhere else in the country, you can still apply for pre-settlement funding with LawsuitLoans.io. We believe in offering fair chances to everyone waiting on a legal settlement. To learn more or to start your application, visit LawsuitLoans.io funding application today or call us toll-free at (866) 594-1343.
Roadway Accident Cases we Fund in Texas
At LawsuitLoans.io, we aim to support individuals involved in various roadway accidents in Texas. We provide pre-settlement funding for almost any type of roadway accident. Here are some of them:
- Bicycle Accident Loans: This funding supports bicyle accident victims who have legal cases pending.
- Car Accident Loans: Funding is given to car accident victims as they await their case resolution.
- Commercial Vehicle Accident Loans: Loans are provided to plaintiffs with commercial vehicle accident cases pending.
- Semi Truck Accident Loans: These loans assist victims of semi truck accidents in pursuing their legal claims.
- Government Vehicle Accident Loans: Financial assistance is offered to those involved in accidents with government vehicles.
- Motorcycle Accident Loans: This caters to motorcycle accident victims awaiting the conclusion of their lawsuits.
- Pedestrian Accident Loans: We support pedestrian victims with pending legal cases.
- Rideshare Accident Loans: Loans are available to rideshare accident victims as they proceed with their cases.
Get up to $500,000 with rates as low as 2.5% simple, monthly
Texas Commercial Vehicle Accident Funding FAQs
In this section, we aim to answer some frequently asked questions that Texas residents have regarding lawsuit loans for commercial vehicle accidents.
1. How much does it cost to get a commercial vehicle accident lawsuit loan?
It’s crucial to understand that lawsuit loans are not like traditional financing. The cost varies depending on your specific case, potential settlement amount, and the length of time until settlement. To get a precise figure, fill our LawsuitLoans.io funding application, and we will provide a free estimate.
2. Do I qualify for a lawsuit loan on my commercial vehicle accident case?
Lawsuit loans qualifications focus primarily on the merits of your case. If we assess that you have a good chance of winning or settling your case, you likely qualify for a lawsuit loan.
3. Can you get a loan on a commercial vehicle accident settlement?
Yes, you can. Should your case be in the process of settling, but you have not yet received your settlement funds, LawsuitLoans.io can provide a post-settlement cash advance based on the expected settlement. This way, you can meet urgent financial needs while waiting.