Louisiana residents who have been injured in an automobile accident due to negligence or deliberate actions of another driver may be able to qualify for a Louisiana motor vehicle accident loan against their pending personal injury lawsuit. To be eligible, you must have attorney representation, and the insurance company or self-insured party must be involved in the case.
Tribeca Lawsuit loans provides immediate motor vehicle accident loans in Louisiana for victims suffering physically and under financial strain while they await compensation money from their trial or settlement. You can apply today for free with us within a matter of minutes on the phone.
At Tribeca, we are ready to help those in the The Pelican State– our loan specialists can secure a cash advance for you in as little as 24 hours and you only need to re-pay it if you win your case. Contact us today.
Are Motor Vehicle Accident Loans Real Loans?
No. Motor Vehicle accident loans, referred to as pre-settlement funding or lawsuit funding, is a non-recourse loan given to individuals who have been involved in a car accident and are pursuing legal action for damages.
These instruments are used to pay for expenses such as medical bills and lost wages while the legal case is ongoing. The “loan” is then repaid using the funds obtained from the legal settlement or judgement. This means that you don’t need to pay a penny if you lose your case.
When to Apply for a Louisiana Car Accident-Specific Loan
When you are struggling with a mountain of debts caused by your car or truck accident, one of the last things you are probably thinking about is taking out a loan. But Louisiana car accident loans do not work in the same way the other types of loans do. When you are applying for a mortgage, applying for a credit card, or attempting to get any other type of line of credit, the lender will need to run your credit score and determine whether you are a higher low credit risk.
But auto accident loans do not work in that way. We do not need to know what your credit score is, what your payment history looks like, or what any of your other personal financial matters are. But that does not mean that we will approve just anyone who applies for Louisiana pre-settlement funding. There are strict requirements in place that you will need to meet if you are hoping to qualify.
Motor Vehicle Loan Eligibility
You know that having poor credit does not have an impact on your ability to be approved for auto accident settlement funding in Louisiana. But you still may be unsure whether you will qualify. If you hope to get your Louisiana car accident loans approved, you will need to have a qualified attorney handling your case.
When a car crash victim is represented by an attorney, they are more likely to win their case. This is because a lawyer is unlikely to take on a case if they think that they will lose. They are responsible for covering all of the costs of seeking compensation for their clients, and they are unlikely to be willing to risk these expenses by losing in court.
With that in mind, as long as you are working with a lawyer to get compensation for your injuries, we may be able to approve your Louisiana car wreck loans. Find out how much you could be approved for when you contact our office.
The Louisiana Legal Funding Process
The process for applying for pre-settlement funding in Louisiana is much easier than many people realize. In fact, Tribeca Lawsuit Loans has the application process down to three quick steps:
Step 1: fill out your loan application on our site
Step 2: we contact your lawyer to learn more about the details of your case
Step 3 : we approve your loan application and send the money to your bank
There is no risk in applying. If you are already stuck waiting on your civil case to settle and your insurance settlement to come through, you have nothing to lose. Best case scenario, you are awarded the compensation you need to get through these tough times.
Paying Back Your Pre-Settlement Funding
Another common concern many victims of car accidents report is their ability to repay the loans. When you are already dealing with financial difficulties, you may be concerned with how you will pay back your legal funding. But one of the best things about these motor vehicle accident pre-settlement loans is that we only expect you to pay back your loan if you win your case.
If negotiations with the insurance company suddenly take a turn for the worse, or your case unexpectedly fails in court, you do not have to worry further. Tribeca Lawsuit Loans will not attempt to recover the funds of anyone who does not win their case. When we approve your application, we will have agreed-upon terms for your payment that will outline these details further.
Contact Tribeca for Fast Motor Vehicle Accident Legal Funding in Louisiana
Being seriously injured in a car accident is devastating enough. The aftermath should not make your life more difficult. Contact Tribeca Lawsuit Loans to obtain pre-settlement funding in Louisiana. Your motor vehicle accident loan could be approved in a matter of hours. Find out how much you could be approved for when you contact our loan specialists today.