Passenger Accident Lawsuit Loan Details

Lawsuit loan money from us can be used for whatever purpose you desire, popular examples include:

Points to Note About Passenger Accident Lawsuit Loans

Will Your Passenger Accident Lawsuit Qualify for a Loan?

1. You must be represented by an attorney. No exceptions.
   
   

2. Your must attorney must cooperate and provide us with some documents to review about your case.
   
   Here is a list of what we like to review on your case:
   

1. Police Report, Collision Report, Traffic Report, Accident Report, etc.
   

2. Medical records relating to your accident and treatment
   

3. The at-fault driver's insurance policy limits (coverage), which is typically the defendant.  (The defendant is the person or company you are suing.)
   

We use the police traffic accident report to determine liability, which just means who was at fault and caused the accident.  

Examples:  If you were a passenger you are most likely never at fault, even if the driver of your vehicle was at fault.  Or let's say you were rear-ended, in almost all instances, a vehicle that was rear-ended is not a fault.  Typically if the other driver got a ticket, they are the one at fault.  

We use your medical records to document or proof your injuries.  And legally, medical injuries translate into financial damages in a court of law.  That's why the more severe your injuries are, typically the more valuable your lawsuit is (assuming the defendant's have enough insurance).  

For example, if you are injured and had surgery, you may qualify for $5,000 or more in funding from us.  

But if you have not had surgery, you will likely qualify for less than $5,000 in funding, as these type of cases often get classified as "soft tissue", which we do fund as well.

And lastly, we use the insurance policy limits (coverage) to help determine what the maximum value the case may be worth.  We like to review the at-fault driver's insurance declaration page, the "dec sheet" as it's often called.  And if the at-fault driver has no insurance or insufficient insurance, then we will also want to see your uninsured motorist coverage.

So we will basically use those three above listed items (the police report, medical records, and insurance info) to determine what your case may be conservatively worth, which will help us determine how much money we can approve your passenger accident for.

We will advance you about 10% of the value of your lawsuit.  For example, if your lawsuit is worth $500,000 we can advance you $50,000.  And you are not required to take the full approved amount. 

In the above example, if we approved you for $50,000, you could choose to receive 5 monthly payments of $10,000, or one lump sum of $50,000, or one lump sum of any amount $50,000 or less, etc.  It’s completely up to you.  We like to be flexible and work towards your specific financial needs.

One problem we occasionally run into is if the injured person is a minor or a minor is named in the lawsuit.    Often times when this occurs, we will not be able to fund the case any money.

Additionally, if your passenger accident is also a worker comp claim, we may be able to fund the passenger accident personal injury lawsuit and/or the worker comp claim.  (You have actually have two legal claims, a personal injury lawsuit and a worker comp claim.)  But we cannot do lawsuit loans for worker comp claims in the following states:

Starting August 28, 2008, we will begin accepting funding applications from clients and lawsuits in the State of Ohio, which is great news to Ohioans.  Ohio was previously off limits, but they now have a new law in place.

And as of September 5, 2008, we are no longer funding any cases if the client or attorney is in the state of North Carolina.  (Due to a recent bad appellate court decision.)

For the most part, passenger accident lawsuits are by far the most easy type of lawsuit to get

approved for, which is great news for you!  For example, if you have a passenger accident, it's much easier for us to approve you for some money than if you had a risky medical malpractice lawsuit.

For a free evaluation of your passenger accident case and to request money now, with no obligations, click here now to get the financial relieve you deserve.

Learn more...

Pricing, Fees and Costs


There are three main pricing models our industry uses.  These are:

1. Compounded Monthly Growth Rate (which works the same as an interest rate)
   
   

2. Simple Monthly Growth Rate (no compounding).
   
   
   
3. A "Multiplier" or "Factor" Method
   

Note the rate will be fixed, it is not adjustable and not variable.  Your actual rate will depend upon your case type and the details of your case, including how experienced your attorney is.  Your actual “fee schedule” is always plainly disclosed in your contract (funding agreement).

We've used all three pricing models on occasion.  But the first and third method are the most common.

Under the first pricing model, passenger accident lawsuit loans will cost between 2% to 4.50% per month.  Typically the better the case, the better pricing you'll be offered.  The most common pricing model for a passenger accident case is 2.99% per month, compounded monthly. 

Below is a table showing typical pricing for a $5,000 lawsuit loan, using the "multiplier" or "factor" pricing model (this pricing model is completely different than the compounded monthly model and you'll only be eligible for the below pricing method if you have had surgery as a result of your passenger accident.):

The pay-off amount listed above in the table includes paying back the original $5,000 loan plus all applicable fees (including the processing fee and the origination fee, which are both discussed below).  A reminder, your actual fees will depend upon your case's own unique situation.

In addition, to the pricing tables above, there are two other fees which are common on most of our loans.

The first is a flat fixed “processing fee” of $250 to $375, depending upon the complexity of your case.  By a flat fixed fee, we mean this fee does not vary with the size of the advance.  For example, this fee would be the same for a $1,000 loan or a $100,000 loan.

The second fee common to our contracts is an “origination fee”.  This fee will vary by the size of the loan.  It typically is 15% of the loan amount to you our client.

However, keep in mind, with both of these fees you are NOT required to pay them up-front when we loan you the money.  These fees along with the loan amount are only paid-off when your case settles in the future, from your settlement proceeds, which your attorney will be responsible for disbursing.

We guarantee you the lowest rates in the Lawsuit Funding industry.  Please see our Performance Guarantee.  And as our Lawsuit Funding industry matures, it will become more competitive which in the end will drive fees down and benefit future consumers.

However, despite the costs, our Lawsuit Loans can do more than just relieve your immediate financial stress…As a Plaintiff (that’s you)  you may be up against a Defendant with deep pockets, who can strain your finances to the limit.  This is why insurance companies do their best to drag cases out for so long, because they know the longer you have to wait, the more desperate you’ll become, and the more likely you’ll accept a smaller offer.  (The Defendant is the party you are suing.)

A Lawsuit Loan will help you avoid feeling pressured to accept a settlement too early, for too little.

In effect, we level the playing field.  Defendants and their insurance companies may have huge financial resources to fight you and now you can level the playing field with access to our money.  A Lawsuit Loan buys you time by providing the money you need now. And it gives your lawyer more time to work on your case to get a bigger settlement or judgment at trial.

Request Money Now with our easy, quick, and free on-line application process.

Here’s the bottom line, you have nothing to loose, nothing to risk, and only the possibility of gaining some financial relieve.

On the other hand, if you do not request a free evaluation of your case, you have no possibility of receiving our risk-free money.

For a free, no obligation, evaluation of your passenger accident case and to request money now, click the link below:

Please contact us with any questions.  I look forward to helping you achieve some financial breathing room while you wait for your lawsuit to settle.

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