Virginia 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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What Are Car Accident Loans in Virginia

A car accident loan, also known as a pre-settlement loan, is a type of financial help provided to plaintiffs involved in a car accident case. It is a non-recourse advance, meaning you don’t have to pay back if you lose your case. The money derives from your future settlement reward.

Here’s how it works: after suffering injury or damage in a car accident, you may lodge a legal claim against whoever is at fault. But, these cases can take a while to resolve. During this time, you might face financial pressures from medical bills, lost wages, and other living costs. This is where car accident loans come in handy. They provide cash upfront to cover these expenses while your lawsuit concludes. The ‘loan’ then gets paid back from your settlement award. If you don’t win your case, you owe nothing.

For instance, imagine one day you’re involved in a car accident caused by another party’s negligence. You have to quit your job for a while because of your injuries, running up medical expenses. Yet, the bills keep coming in. A car accident loan from a company like can bridge this gap, eliminating financial stress during your case’s resolution. Once you obtain your settlement, you will then use part of those funds to pay back the loan.

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 Virginia

Car accident loans in Virginia are a financial relief to plaintiffs involved in personal injury lawsuits. Such loans provide funds to meet immediate financial needs while waiting for the case to resolve. This table below shows specifics about car accident loans, including the average loan amount, largest loan, interest rates, median legal results, and more.

Average car accident loan amount by in Virginia $6,458.00
Largest car accident loan by in Virginia $32,695.00
Average interest rate in Virginia 21.0%
Median personal injury verdict in Virginia $24,720.00
Virginia statute of limitations 2 Years; Title 8.01 Section 8.01-243
Virginia fault laws Virginia 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 Virginia?

Do you wonder if you are eligible for a car accident loan in Virginia? It’s simple. There are certain criteria you must meet to be eligible.

The first eligibility criterion is having a valid legal claim. This means that you must have filed a lawsuit against an insurance company or a self-insured company seeking damages for injuries sustained in a car accident.

Secondly, you should have an attorney working on your case on a contingency basis. This means that the attorney is paid from the proceeds of the settlement or judgment, not upfront from the client’s pocket.

Lastly, you must be at least 18 years old. Minors are generally not qualified to apply for car accident lawsuit loans.

If you meet all these conditions, you may well be on your way to receiving 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 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:


Total Cost

Pay $2,900 on a lawsuit loan of $10,000 if your case settles within 6 months of your advance.


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.


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 Virginia

Understanding how auto accident loans work can provide much-needed financial relief to plaintiffs involved in personal injury claims. A loan from can provide the cash you need while you wait for your legal case to resolve. To clear any confusion, let’s break down the five principal steps in the process:

  1. Apply online: Begin by completing our online application.
  2. We contact your law firm: After receiving your application, we reach out to your attorney to discuss the specifics of your case.
  3. We review your case: Once we gather all necessary information from your law firm, we assess the strength and potential value of your claim.
  4. You sign a contract: Following a successful case review, we send you a funding agreement to sign and return.
  5. You get funds: Upon receipt of the signed contract, we immediately transfer the approved funds to your account.

Now, let’s illustrate this process using a hypothetical example. Meet John Doe, a plaintiff who was injured in a car accident in Virginia. He applied for a lawsuit loan on After his lawyer provided us with all necessary information about his case, it allowed us to thoroughly review John’s claim. Finding merit in his case, we offered John a pre-settlement loan. Once the contract got finalized and signed, John received the funds into his bank account. Now, John can use this money to manage his living expenses while awaiting the resolution of his legal case.

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

Roadway Accident Cases we Fund in Virginia

We at fund almost any type of roadway accident cases in Virginia. Below is a list of some specific types of cases we fund:

How Much Money Can I Get From my Car Accident Pre-settlement Loan?

Lawsuit loans from 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 give an example in which a plaintiff in Virginia that has a car accident case with a $50,000 estimated value. The case is still in progress, so it 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 receives another 1/3 of the settlement. As a result, the plaintiff would receive around $17,000. We can advance approximately 25% of that amount, or $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 Virginia

At, our goal is to help as many people as possible. We provide funding for residents in all areas of Virginia and nationwide. Here are the top 10 cities in Virginia by population that we serve:

  1. Virginia Beach
  2. Norfolk
  3. Chesapeake
  4. Arlington
  5. Richmond
  6. Newport News
  7. Alexandria
  8. Hampton
  9. Roanoke
  10. Portsmouth

Remember, no matter where you’re located, is ready to assist with your pre-settlement funding needs.

Virginia Car Accident Funding FAQs

If you are a resident of Virginia and have been in a car accident, you may have some questions about lawsuit loans. Here, we attempt to answer a few of the most frequently asked questions.

How much does it cost to get a car accident lawsuit loan?

The cost of a lawsuit loan can vary based on the details of your case and the amount of money you need. Factors that can affect the cost include the projected settlement amount, your attorney’s fees, and the loan company’s terms and fees. Be sure to discuss these details with your loan officer.

Do I qualify for a lawsuit loan on my car accident case?

Eligibility for a lawsuit loan depends on several factors including the strength of your case, the estimated settlement amount, and your lawyer’s cooperation. Generally, if you have a strong case and a lawyer, you’ll likely qualify for a lawsuit loan.

Can you get a loan on a car accident settlement?

Yes, it is possible to get a loan on a car accident settlement. If you have a pending lawsuit or have already agreed on a settlement but haven’t received the funds yet, you may qualify for a lawsuit loan.

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

Cities we Service in Virginia provides funding throughout Virginia. See more about our funding in Virginia by visiting the city pages below:

Other Cases we Fund in Virginia provides funding for various personal injury and roadway accident cases in Virginia. Read more about the personal injury cases we fund in Virginia here:

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

Get Started

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

Apply now for a free consultation