An accident loan is a loan for a set amount of money, repaid over a set period of time that relies upon the facts surrounding the accident as collateral for the loan.
Same day processing
No upfront costs
No credit check
No monthly payments
Lose your case, keep the cash
Get started through our site!
The ins and outs of an accident loan
Accident loans allow accident victims to borrow against their settlement during their cases. The loan amount is directly correlated with the estimated monetary value of those accident cases. With that said, the size of the loan weight heavily on the extent of the clients' personal injuries and medical treatment as well as the circumstances surrounding the accident.
As the borrower, you do not need to make any monthly payments toward the loan. That's because you only have to pay it back along with "interest" (usage fee) in the event you should win a cash settlement from the case. Therefore, if you lose the case, you can get to keep the pre-settlement cash and owe nothing at all.
Clients who have been injured in accidents often can't return to work because of a disability. Even if the can go back to work, the might be placed on light or restricted duty by their doctor. These risk-free loans can help injured clients supplement their limited income until can return to work on a full-time basis and at full-duty.
Let's not forget about clients faced with a financial emergency. Many use the pre-settlement cash to pay for funeral costs, for car repair expenses, for medical bills, for a surgical procedure, and for educational school expenses. The infusion of cash can be a financial lifesaver to help them get back on their feet until the win a payout.
Pre-settlement funding requirements: Am I eligible?
In this section, we have outlined the lending requirements to help you determine whether or not you are eligible for a loan.
The 5 basic requirements for getting pre-settlement funding through AccidentLoan.net can be found below. Here they are:
- You live in the United States (*50 states).
- You are 18 years of age or older.
- You are in the midst of an injury case or a wrongful death lawsuit.
- You hired an attorney to represents you for the case.
- The settlement check goes to your attorney's office at the end of the case (rather than directly to you).
If you can answer "yes" to all 5 points listed above, then you meet the minimum set of requirements to apply for a loan. Assuming pre-settlement funding is available in your area, your all set to submit your request for a cash loan.
*Please take notice that we do not fund any types of cases in the following states: Arkansas, Colorado, Illinois, Kentucky, Nebraska, Nevada North Carolina, South Carolina, & West Virginia. This list is subject to change at any time and without any prior notice (due to state regulations, which are out of our control, of course).
Borrowing from a settlement: How it works
The process of getting pre-settlement funds with an accident loan is actually fast and easy for clients looking to borrow money from their pending settlement.
First: Fill out application on this page. (no credit check or upfront fees)
Second: We contact your attorney for some case information.
Third: The underwriter will decide the amount you get to borrow.
Fourth: The money is sent to you or deposited into your account.
Fifth: Repayment comes out the settlement proceeds.
Begin by completing the application. Fill out the form online or call us. This should take you no more than a minute or 2 to finish.
Next up, we collaborate with your attorney. This just means that our underwriter contacts your law firm for some basic case information. As you can imagine, cooperation by your lawyer is not only essential but required in this regard.
Last, our underwriter determines the amount of funds you can receive. If you accept the offer and terms, paperwork is sent to you and your attorney for review and signatures. Once the forms are signed and returned, a check is mailed to your or deposited into your bank account.
Ready to get started? Then, go ahead, and hit the "Apply Now" button below.
Personal Injury vs Workers Compensation Settlement Loans
Act today and get pre-settlement funding for your personal injury case or workers compensation claim pending settlement through AccidentLoan.NET in as little as 24 hours. Depending on the origins of your injury, we may be able to fund your personal injury claim or workplace accident case providing injury loans are allowed in your geographical area.
Personal injury settlement loans: Understanding the basics
What is a personal injury claim? If you suffered physical or bodily injuries because of negligence by a third-party and you're seeking financial compensation from the responsible person(s) or business, then you have a claim for personal injury. This type of loan (or cash advance) is allocated for personal injury clients with pending claims and repaid from the proceeds of a settled cased.
Workers comp settlement loans
Take workers compensation cases for instance. Workers' compensation claims have to do with workplace accidents and injuries on the job. Employees who are hurt at work or injured while performing the duties of their employment could qualify for workers compensation benefits. Unlike personal injury cases, negligence does not factor into the equation. Likewise, claimants does need to prove fault in order to get a cash settlement from their cases. Whether you need a cash advance or loan, give us a call to learn your options.
Case eligible for funding
Don't see your case? If you got injury and expect a settlement, then call us today.
Automobile Accident Loans
Use our car accident loans to take out a cash loan against settlement of your auto accident case.
Jones Act Settlement Funding
As you wait for settlement of a Jones Act lawsuit you could be provided with pre-settlement cash from the case.
FELA Lawsuit Settlement Funding
Have a FELA lawsuit? Before reaching a settlement, we could give you cash advance from the lawsuit.
Uber and Lyft Accidents
Injured in an Uber car accident? If you need cash before settling with Uber, we can get you a loan on the case.
Tractor Trailer Accident Settlements
Need to get cash now. If you met with a semi-trailer truck accident, we give you a pre-settlement loan on the case.
Personal Injury Loans
1 business day: That's how fast we can have the funds in the hands of personal injury claimants with settlements.
Workers Compensation Settlement Loans
When it comes to workers comp cases, no one knows more about funding them that us. Get cash in 24 hours!
Slip and Fall Settlement Loans
Pending slip and fall settlement? Get cash now while waiting on your slip and fall case to settle.
Defective Medical Device Settlement
Get a loan on your defective medical device lawsuit before a settlement is reached in the case at AccidentLoan.NET.
Do I need to have an attorney to get pre-settlement funding?
Yes. You can only obtain pre-settlement funding with your lawyer's cooperation. Therefore, you must have already hired an attorney to represent you in the injury case. Without an attorney, you are ineligible to get or apply for a pre-settlement lawsuit loan.