The 6 Best Car Accident Loan Companies

The 6 Best Car Accident Loan Companies

Filing a car accident case can help injured plaintiffs financially recover from a motor vehicle accident. A fair lawsuit settlement would cover treatment for serious injuries, property damage, and other expenses incurred.

However, they may wait for months before their cases get resolved. Bills keep piling up in the meantime, putting financial and emotional stress on auto accident victims. Thankfully, a car accident cash advance can take that heavy burden off your shoulders.

Tribeca Lawsuit Loans is one of the best car accident loan companies, and we’d be happy to give you pre-settlement funding if you qualify. But should you choose to get a cash advance elsewhere, we also recommend five other great companies in our guide.

Car Accident Loan Companies

Read on to find out which companies made our list of the best car accident loan companies, why we recommend them, and how a cash advance can ease your auto accident woes.

What Is A Pre-Settlement Advance?

Also known as lawsuit funding or a pre-settlement loan, a pre-settlement advance lets you borrow money and repay it when you receive your case settlement. While it’s often referred to as a loan, it’s not a traditional loan – instead, it’s a non-recourse loan.

This means your loan’s repayment is tied to the result of your auto accident case, with the settlement amount serving as collateral. If your car accident attorney or law firm wins your lawsuit, you repay your car accident loan using your settlement money. But if you lose your case, you won’t have to repay your car accident settlement loans.

A pre-settlement car accident company has another big advantage over traditional lending institutions. Unlike credit card companies or banks, lawsuit loan companies won’t demand that you use your income, personal property, or other assets to repay your auto accident loan. This is always clearly stated during your car accident loan application to protect your consumer rights.

Why Should I Get A Car Accident Loan?

Waiting for auto accident claims to be resolved can be a long, tiring process – it can take months or even years for a court to make a final ruling. During this time, auto accident victims may be hard-pressed by costs like utilities, medical bills, and credit card payments. But because of their injuries, they may find it hard to pay these off.

The at-fault driver’s insurance company may take advantage of this to dig in their heels and delay offering a settlement. These companies will hope that the financial stress will make you accept a low car accident settlement.

With car accident lawsuit funding, this won’t be an issue. You’ll have financial relief for your legal fees and other expenses while your case is being tried. This gives you the resources you need to resist an unfair offer, so your lawyer can win the best possible settlement for you.

Why Are You Recommending Other Funding Companies?

We’re recommending other funding companies because we want to make sure that you get enough car accident lawsuit funding to win your case, even if it’s not from Tribeca. We’ve funded many car accident loans over the years, but some car accident victims may have to seek cash advances elsewhere.

Sure, there are many websites online that claim to do rankings for the best legal funding company. However, many of these pages are little more than paid ads written by people who aren’t even in the industry.

We’re familiar with the services provided by each car accident funding company on this list as we all operate in the same field. All of these choices have great customer service, flexibility, and experience with personal injury cases. We also make it a point to know what kind of feedback they get because that pushes our company to improve as well.

This makes our guide much more reliable for those who need a pre-settlement cash advance.

The 6 Best Car Accident Loan Companies

If you’ve filed or are planning to file a car accident claim, you may need financial assistance while waiting for your case to be resolved. These are six of the best companies for a car accident settlement advance.

Tribeca Lawsuit Loans

Phone number: (866) 388-2288

Tribeca Lawsuit Loans has funded thousands of pre-settlement auto accident loans as well as loans for other personal injury cases. We put our company on this list because of our fair interest rates, highly responsive customer support team, and transparent application process.

A quick look at Trustpilot reassures many applicants that we have a sterling reputation, with nearly 250 reviews earning 4.4 out of 5 stars. Testimonials regularly vouch for the helpfulness of our team, which gives clients much-needed support while they recover from motor vehicle accidents.

Our application process is also straightforward – we don’t require credit checks, employment verification, or an income threshold. We give anywhere from $500 to $2 million, depending on the nature of the personal injury lawsuit. Applicants may also qualify for additional litigation funding to get extra resources to win their case.

Contact us for a free consultation about your case and how big a car accident advance you’ll need. We’d be happy to walk you through our services and check if you qualify for an auto accident settlement loan from us.

Direct Legal Funding

Phone number: (866) 941-5588

New York-based Direct Legal Funding is one of the most highly respected legal funding companies. This company prides itself on being able to send a risk-free cash advance to your bank account within 24 hours of receiving your verified documents, just like Tribeca Lawsuit Loans.

Similarly, Direct Legal Funding doesn’t require credit checks. It also doesn’t require monthly payments for your car accident settlement loan. It boasts interest rates as low as 2%, which makes its car accident settlement loans more affordable for plaintiffs.

Note that this company doesn’t set an upper limit for the amount you can take out in a car accident lawsuit loan. While this is an advantage if you expect a large settlement that will take time to prove, it can be a heavy loan to repay.

America Lawsuit Loans

Phone number: (888) 335-3537

America Lawsuit Loans is a Florida-based pre-settlement funding company. It offers auto accident settlement loans as well as legal funding for other cases like:

  • Personal injury lawsuits
  • Employment disputes
  • Product liability cases

America Lawsuit Loans doesn’t require credit checks for its qualified applicants. Its application process is free, and you won’t be required to repay your car accident loans if you lose your case.

Note that this company doesn’t have many customer reviews online. It only has a single review on Trustpilot and an overall rating of 3.7 out of 5 stars on the site. While this isn’t necessarily a red flag, customer feedback is invaluable for gauging the quality of service and overall client satisfaction.

US Claims

Phone number: (877) 872-5246

US Claims has over two decades of experience in lending pre-settlement auto accident loans. It’s known for giving lawsuit funding for a variety of cases, such as auto accidents, dog bite injuries, and slip-and-fall cases. It can grant lawsuit funding in amounts ranging from $500 to $1 million, depending on the circumstances of your case.

Because of its warm customer service and fast application process, US Claims has earned a top spot on our list. It has a decent amount of client feedback on Trustpilot as well, with nearly 80 reviews on the site and a 4.7 out of 5-star rating.

Note that it doesn’t operate in every state. If you live in Arizona, Mississippi, or other states where it doesn’t offer funding, you’ll have to get an accident loan elsewhere. US Claims also doesn’t count weekends in its 24-hour approval window, so you’re better off applying with other companies if you need an auto accident loan over the weekend.

DRB Capital

Phone number: (877) 300-1674

DRB Capital, based in Florida, offers lawsuit funding through products like structured settlements or lump-sum payments. Apart from giving accident loan annuities, it also offers structured settlement payments for car accident loans. Known for good customer service, the company connects clients to specialists who will walk them through the application process.

As with Tribeca, DRB Capital can send pre-settlement car accident funding within 24 hours of application approval. However, it doesn’t serve clients in every state. If you live in Arizona, Arkansas, Illinois, Maryland, Minnesota, or Nevada, DRB Capital can’t give you a car accident loan.

DRB Capital also has limited feedback from its customers, with only 13 reviews on Trustpilot. While it does have a high rating of 4.4 out of 5 stars on the site, the scarcity of its client testimonials could be discouraging for some applicants.

Bridgeway Legal Funding

Phone number: (800) 531-4066

New York-based Bridgeway Legal Funding has been offering pre-settlement loans since 2009. Like Tribeca, it offers non-recourse car accident loans. This means you don’t have to repay your Bridgeway car accident cash advance if you lose your case.

If you need immediate car accident loans, Bridgeway can grant one within 24 hours of approving your application. With over 300 reviews on Trustpilot and a rating of 4.8 out of 5 stars, you can sift through the customer feedback and see a long history of good service. It’s also responsive to customer reviews on the site, which is a promising sign that the company cares about customer satisfaction.

However, the company needs to improve its pricing transparency. Its sites don’t indicate what flat fees it charges (if any) or if it charges compounding interest. If you’re considering getting a car accident loan from Bridgeway, ask about all extra costs on top of the principal of your lawsuit funding.

Get Car Accident Lawsuit Funding From These Reliable Companies

For many victims, a car accident cash advance is the most affordable way to pay off living expenses while waiting for their settlement. If you plan to file a motor vehicle accident claim, consider applying for car accident settlement loans from the six companies in our guide.

Do you live in a state that isn’t served by the other companies on our list? Get a free consultation from us – just send us a message or give us a call at (866) 388-2288. With an auto accident settlement advance from Tribeca, tomorrow’s settlement can cover today’s needs.

FAQs About Car Accident Loans

Can a lawsuit loan company restrict how I spend my car accident settlement loan?

No, as a general rule, most lawsuit advance companies offer car accident lawsuit funding without any restrictions on how you spend the money. This gives you the freedom to spend it on any expenses while waiting for your car accident settlement, such as:

  • Medical bills for immediate care and future treatment
  • Rent or mortgage payments
  • Property repair or replacement
  • Replacement of lost wages
  • Other daily living expenses

Can I get car accident lawsuit funding without a lawyer?

No, you can’t get car accident lawsuit funding from a reputable company without approval from your car accident lawyer. If a company offers loans for your car accident claims without your lawyer’s approval, this is a big warning sign to steer clear.

Note that your accident attorney can’t stop you from getting an auto accident cash advance if you think it’s the best decision. If you think you should get car accident loans, you can hire a new lawyer to represent you and get their approval instead.

How much will my pre-settlement car accident loan cost me?

Your pre-settlement car accident loan won’t cost you a cent until the case has been settled. If you win, then your settlement will be used to pay off your auto accident pre-settlement loans. But if you lose your motor vehicle accident case, you don’t have to repay your cash advance.

What should I look for in a car accident lawsuit advance company?

You should look for the following qualities in a car accident lawsuit advance company:

  • A clear and simple application process – extra points if you can apply online
  • Transparent interest rates
  • No hidden fees
  • Responsive, friendly customer service
  • Fast approval of lawsuit settlement loans

Locations Served

We proudly provide non-recourse accident loans to the following locations:

Alabama Alaska Arizona
California Connecticut Delaware
Florida Georgia Hawaii
Idaho Illinois Indiana
Iowa Kansas Kentucky
Louisiana Maine Maryland
Massachusetts Michigan Minnesota
Mississippi Missouri Montana
Nebraska North Dakota South Carolina

If a company has these qualities, you can expect that the process of getting and paying off loans for car accident lawsuits will be easy and hassle-free. Contact us if you have questions about our application process, fees, and interest rates – we’d be happy to help you out!

Call 866-388-2288

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