Vermont Commercial Vehicle 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 Commercial Vehicle Accident Loans in Vermont
If you’ve been involved in an auto accident in Vermont, you may be eligible for a car accident loan. Such a loan is also known as a pre-settlement fund, which is not technically a loan at all but a cash advance against the probable compensation you’re expected to receive as a result of your lawsuit.
Many people call it a loan because you get funding before the resolution of your case. But unlike a typical loan, you only have to pay back when your case wins. If you lose, you owe nothing. This type of finance is called “non-recourse” which means the risk lies entirely with the lender, not the borrower.
Car accident loans can help plaintiffs like you to get through tough financial times while awaiting justice. In short, a commercial vehicle accident loan is a special type of funding tool designed to provide immediate financial support to the victims of auto accidents who are filing a legal claim.
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 Vermont
This section provides useful information about car accident loans in Vermont. Understanding these facts can help those involved in a car accident better gauge their investment options with LawsuitLoans.io. Below, they’ll find average loan amounts, interest rates, and specific legal restrictions pertinent to Vermont.
| Average car accident loan amount by LawsuitLoans.io in Vermont | $11,725.62 |
| Largest car accident loan by LawsuitLoans.io in Vermont | $100,000 |
| Average interest rate in Vermont | 20.0% |
| Median personal injury verdict in Vermont | $31,000.00 |
| Vermont statute of limitations | 3 Years; Title 12 Ch. 23 Sub. 2 Section 512 |
| Vermont fault laws | Vermont 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 Vermont?
To secure a car accident lawsuit loan, certain criteria must be met. The primary requirements are straightforward: involvement in a commercial vehicle accident claim with a clearly evident high insurance policy or self-insured entity, and having an attorney hired on a contingency basis. Further, you also need to be at least 18 years old. These key factors define your eligibility for a lawsuit loan.
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.
Commercial Vehicle Accident Loan Process in Vermont
If you’ve been involved in a commercial vehicle accident, you might be eligible for a lawsuit loan. A lawsuit loan, such as what LawsuitLoans.io offers, provides financial aid to plaintiffs waiting for their legal case to resolve. There are five main steps involved:
- Apply online: You can start the process by filling out the application forms on the LawsuitLoans.io funding application page.
- We contact your law firm: After your application is received, LawsuitLoans.io will get in touch with your law firm to gather more details about your case.
- We review your case: Your case will be reviewed based on the information provided. This includes the nature of your injuries, the facts of the accident, and the insurance coverage of the defendant.
- You sign a contract: If your application is approved, you’ll need to sign a contract to proceed. This contract outlines the loan terms and repayment conditions.
- You receive funds: Once everything is settled, the funds will be delivered to you. This can be used to cover your personal expenses or legal fees.
For instance, if John Doe was injured in a commercial vehicle accident, he could apply for a LawsuitLoans.io’s loan. After the application, LawsuitLoans.io would contact his law firm, review his case, and if approved, he would sign a contract. Then, he would receive the funds to help him while he waits for the resolution of his legal case.
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Apply today and get funds in as little as 24 hours!
How Much Money Can I Get From my Commercial Vehicle Accident Pre-settlement Loan?
Lawsuit loans from LawsuitLoans.io can range from $500 to over $1,000,000. If your case is still in progress, we can advance up to a maximum of 25% of your expected portion of the settlement. For settled cases, we can offer 50% of your expected portion of the settlement.
Let’s consider an example. Suppose you are a plaintiff in Vermont who was involved in a commercial vehicle accident. Your claim has an estimated value of $500,000. The case is still in progress and will not settle for some time. As a general rule of thumb, medical providers get paid around 1/3 of the settlement, and the attorney gets another 1/3 of the settlement. Consequently, you could expect to receive around $170,000. From this amount, we can advance approximately 25%, which would be $42,500.
What Types of Commercial Vehicles are Frequently Involved in Cases we Fund in Vermont?
In Vermont, various types of commercial vehicles are encountered frequently in the bite of litigation. While we fund a wide array of cases nationwide, it’s vital to note that our services extend to car accident claims involving both privately and commercially used vehicles no matter the type. Let’s take a glance at some common commercial vehicles involved in lawsuits we fund.
1. Tractor-Trailers
These large, heavyweight vehicles are often connected to serious road accidents in Vermont due to their size and weight. Accidents involving tractor-trailers can cause severe injuries and fatalities.
2. Delivery Vans and Trucks
Delivery vans and trucks are commonly seen on Vermont roads. Accidents involving these vehicles typically happen as a result of tight schedules and pressing delivery demands that lead drivers to speed or ignore safety regulations.
3. Taxis and Rideshares
Taxis and rideshares, such as Uber and Lyft, are part of our everyday life. Their ubiquitous presence makes them potential lawsuits waiting to happen especially given the extensive hours drivers work.
4. Buses
City buses, tour buses, and school buses fall under this category. Bus accidents, though less frequent than car accidents, often result in serious injuries due to the size of these vehicles and the large number of passengers they hold.
5. Rental Vehicles
Rental cars and trucks are not exempt from incident. Accidents involving these rental vehicles pose unique challenges for victims seeking compensation due to various factors such as different insurance coverages and multi-state legal complexities.
Remember, at LawsuitLoans.io, our funding involves any type of vehicle. If you’ve been impacted in a vehicle-related accident and need financial assistance before your case gets resolved, you can apply through the LawsuitLoans.io funding application or call our toll-free phone number at (800) 340-4973.
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 Vermont
At LawsuitLoans.io, we are committed to serving plaintiffs across the country with our pre-settlement funding services. Here is a list of the top 10 cities by population in Vermont, where we offer our services:
- Burlington
- South Burlington
- Rutland
- Essex Junction
- Barre
- Montpelier
- Winooski
- St. Albans
- Newport
- Northfield
Please note, LawsuitLoans.io offers our service not only in these cities but also anywhere else in Vermont and nationwide. So no matter where you are located, feel free to reach out to us via our website at LawsuitLoans.io or call our toll free number (800) 340-4973 and proceed to application LawsuitLoans.io funding application.
Roadway Accident Cases we Fund in Vermont
At LawsuitLoans.io, we are committed to providing legal funding for almost any type of roadway accident taking place in Vermont. Check out the list below for detailed information:
- Bicycle Accident Loans: We provide pre-settlement funding for bicycle accidents to help you cover your expenses while you wait for your case to resolve.
- Car Accident Loans: Lawsuits from car accidents can take time. We offer loans to keep you financially stable in the meantime.
- Commercial Vehicle Accident Loans: Being involved in a commercial vehicle accident can be complicated. Our loans help you navigate through the legal process.
- Semi Truck Accident Loans: Semi truck accidents often result in serious injuries, and consequential longer lawsuits. We provide loans to relieve financial stress during this period.
- Government Vehicle Accident Loans: Accidents with government vehicles require a specialized approach. Our loans aim at keeping your finances secure while your legal battle ensues.
- Motorcycle Accident Loans: Motorcycles offer less protection than cars. In case of an accident, our loans help you cover unexpected medical and other expenses.
- Pedestrian Accident Loans: Pedestrians often bear the brunt of accidents with serious injuries. Our loans provide steady financial aid while your lawsuit progresses.
- Rideshare Accident Loans: Rideshare accidents can involve complexities in regards to liability. We offer loans during this potentially lengthy legal process.
Get up to $500,000 With Rates as Low as 2.5% Simple, Monthly
Vermont Commercial Vehicle Accident Funding FAQs
Q: How much does it cost to get a commercial vehicle accident lawsuit loan?
A: The cost of a commercial vehicle accident lawsuit loan varies based on several factors. These factors can include the total requested loan amount, your case specifics, and whether or not your case is won. Contact LawsuitLoans.io at (800) 340-4973 or at their LawsuitLoans.io funding application site for more detailed cost information on your specific case.
Q: Do I qualify for a lawsuit loan on my commercial vehicle accident case?
A: If you have a commercial vehicle accident case and have hired a lawyer, you likely qualify for a lawsuit loan. However, other factors such as the strength of your case may influence your eligibility. To find out if you qualify, apply online at LawsuitLoans.io funding application or call toll free at (800) 340-4973.
Q: Can you get a loan on a commercial vehicle accident settlement?
A: Yes, it’s possible to get a loan on a commercial vehicle accident settlement. LawsuitLoans.io provides pre-settlement funding for plaintiffs waiting for their case to resolve. Thus, you can apply for a loan while you’re waiting for your settlement. To start the application process, visit LawsuitLoans.io funding application today.
Cities we Service in Vermont
LawsuitLoans.io provides funding throughout Vermont. See more about our funding in Vermont by visiting the city pages below:
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Apply today and get funds in as little as 24 hours!
Other Cases we Fund in Vermont
LawsuitLoans.io provides funding for various personal injury and roadway accident cases in Vermont. Read more about the personal injury cases we fund in Vermont 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 Vermont here:
Does LawsuitLoans.io Directly Fund Cases in Vermont?
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 Vermont.