Car Accident Settlement Loan

I was involved in a car accident last year and I’m searching for a company that provides decent rates for settlement loans. I have contacted many different companies earlier this year and they told me they were interested in my case but because of the medical records and the ongoing stuff the companies would only fund my case up to a certain amount of money, I think it was about 20K. I didn’t take any of these offers at the time. I just now got done all my ongoing medical treatments and therapy sessions and while I’ll never 100% recover from the accident I’m about 95% there. I met with my attorney last week and he told me we were ready to move forward with the case (he has been all along). We now have a more solid understanding of how much compensation we are going to get out of the case. My case is going to be much larger because of the injury etc. While investigating applying for a settlement loan I came across an article from your company outlining the specifics of how much money a case was worth etc. I found it very informative but I do have one question about applying for a settlement loan. The article talked about strength of case is how these settlement loan companies will evaluate whether they will give you a loan and how much for. Can you please explain how this would relate to a settlement loan for a car accident?

I am also interested in finding out how much money your company believes my case is worth and how much of a settlement loan I would be able to get. My attorney believes we are probably a few more months away before I get a check from the insurance company and we may even have to go to court.

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3 Comments to Car Accident Settlement Loan

1. 

   A settlement loan for a car accident has a lot to do with liability. If it is easily proven that the person that caused the accident was negligence and liability is clear cut, your chances will improve in qualifying for a settlement loan. In this case because a lawsuit funding company was willing to provide a settlement loan for your auto accident liability is probably not the issue. The bigger issue you were facing is exactly how much compensation do they believe you will receive from the accident ie. damages.

   Because settlement loan companies provide non recourse funding they want to make sure that the case is solid and that you will receive more money from the case than the invested amount. Because you were still going through therapy and perhaps the effects of the injury were still unknown chances are they probably were reluctant to loan you the full requested amount.

   It is very hard to tell you how much your case is worth without looking at your case documents. Our lenders will assume a case is worth a certain amount of money based upon a conversation and the evaluation of your documents. If you decide to apply online with LawLeaf we can turn around this information within a day or 2.
Car Accident Lawsuit Funding on November 30th, 2008
2. 

   [...] unknown wrote an interesting post today onHere’s a quick excerpt [...]
Car Accident Settlement Loan | Lawsuit Funding Answers on November 30th, 2008
3. 

   [...] Originally posted here:  Car Accident Settlement Loan [...]
Car Accident Settlement Loan · I Article on November 30th, 2008

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