Car accidents will continue to be a major issue across Illinois. But that does not mean that most people are prepared for the aftermath. The days, weeks, months, and even years after a car accident can be difficult to navigate. And it is not unusual for people to suffer substantial financial losses as a result of traumatic car accident injuries.
If you were seriously injured in a car accident in Illinois, you may be pursuing insurance settlements and/or civil claims against the individual or entity who is responsible for causing your car accident. The compensation that you could be awarded if you win your claims could help you get through this difficult time in your life.
Unfortunately, it can often take much longer than people expect for their case to be settled. In the meantime, you may continue to rack up significant debts and struggle financially. But when you contact us about a lawsuit loan in Illinois, you could access the Illinois legal funding you need to stay afloat and begin to rebuild your life. Apply now to get approval in as little as 24 hours.
What Is a Car Accident Loan?
Car accident loans are much different from traditional loans. When you have been seriously injured in a car accident, you have the right to be compensated by the culpable party. In order to obtain the compensation that you deserve, you may need to file a claim with the insurance company and a civil lawsuit.
While you are waiting for your case to be resolved, you may qualify for a car accident loan in Illinois. Here, you could be approved for pre-settlement funding that will give you access to the money you need to cover your costs. You can use your car accident loan money to cover a wide variety of expenses including your rent or mortgage payments, utility bills, internet and phone expenses, groceries, and other daily costs of living.
Who Qualifies for Car Accident Loans in Illinois?
In order to be eligible for an Illinois car accident loan, you will need to be sure that you are being represented by a car accident lawyer. You may be filing an insurance claim, a civil lawsuit, or a combination of both. As long as you have a car accident lawyer on your side, you may qualify for an Illinois lawsuit loan.
Poor credit, lack of employment, and other personal financial matters are not taken into consideration when determining whether to approve or deny a car accident loan. Tribeca Lawsuit Loans will instead look at other factors such as:
- Where your car accident claim is at in the claims process
- How much you are expected to be awarded
- How long it will take to resolve your case
- How long it is expected to be before you are awarded compensation from your case
Our loan specialists will analyze your application in great detail to determine whether your Illinois car accident loan application should be approved. You can contact our office to find out more about whether you qualify for legal funding in Illinois.
What Happens After You Get Your Illinois Car Accident Loan Money?
After Tribeca has approved your Illinois car accident loan application, we will then send the money to your bank in a matter of hours. That way, you get the money that you need when you need it. Which is now. Once you have received the money, you can spend it as you need to. Only after your legal battle has been resolved will you be expected to repay your Illinois car accident loans based on the terms of our agreement.
It is important to note that Tribeca will not attempt to seek recovery of car accident loan funding when a car accident injury victim does not win their lawsuit. Many individuals cite concerns regarding wage garnishment or having their unrepaid loan sent to collections. But with Tribeca Lawsuit Loans, we understand the trauma that you have been through. You will only be required to re-pay your car accident loans if your attorney wins your case. If you lose, you will not have to worry about Tribeca taking steps to recover the financial loss.
Apply for a Lawsuit Loan in Illinois Today
If your life has been turned upside down by a devastating car accident, you may be entitled to financial compensation. Access the pre-settlement funding in Illinois that you need to continue supporting yourself and your family when you apply for Illinois car accident loans at Tribeca Lawsuit Loans.