Car accidents are one of the most common types of personal injury lawsuits. And, unfortunately, one of the most common issues of these lawsuits is the painfully long duration the case takes in or out of the courtroom – months, even years – before you see a settlement.
If you were the victim of a car accident and awaiting compensation from the at-fault party, Mississippi car accident loans provided by Tribeca could act as the financial support you need until you receive your lawsuit settlement.
What Can You Pay with Your Car Accident Legal Funding in Mississippi?
Pre-settlement funding in Mississippi acts as a cash advance to help cover any of the expenses you are facing during your lawsuit. And that does not mean you are limited to expenses relating only to the damages you received from your accident. You can use your car accident legal funding to pay for living expenses, such as:
- Rent or mortgage payments
- Past medical bills and any ongoing medical treatments
- Utility bills
- Lost wages from missing work
- Repair expenses for any vehicle or property damages
- Everyday costs, such as food, transportation, and gas
With lawsuit loans serving as vital financial aid for all of these expenses, pre-settlement, you and your attorney can concentrate on fighting for your maximum settlement, instead of being forced into settling for lower compensation because of a limited budget.
What Kind of Loan Is a Mississippi Car Accident Loan?
While a Mississippi car accident loan is a kind of personal injury loan, it is different from the typical personal injury loan. It is a non-recourse loan, which means the money you are loaned is at no risk to your own finances because you do not have to repay with your own money if you lose your case. With recourse loans, you would have to owe the amount of your loan, no matter if you won your case or lost.
Instead, this newer species of lawsuit loan in Mississippi is a cash advance on your settlement, which is used as collateral. Our legal funding experts at Tribeca will estimate the amount of your potential settlement to determine the dollar amount we will give you in your lawsuit loan.
Does Your Attorney Need to Approve Mississippi Pre-Settlement Funding?
Before our Tribeca team of legal funding professionals can offer you a car accident loan in Mississippi, we will indeed need your attorney’s approval. Why? Knowing that you are legally represented protects our investment in your lawsuit and protects you to improve your chances of winning your case.
If your attorney is uneasy about working with a third party in legal funding, we will discuss the payment process with him/her and how a Mississippi lawsuit loan can support the case. And, if the attorney decides not to accept pre-settlement funding, we can work with a lawyer who does.
Steps to Apply for a Mississippi Car Accident Loan
Once you have retained a lawyer who is on board with your request for a Mississippi car accident loan, you will need to apply – and will most likely be approved for legal funding from Tribeca. The application process really just involves three easy steps:
- Apply online. Just a click will take you to a quick form, where you will briefly tell us about your case and your attorney’s contact information.
- We will contact your attorney. This is when we discuss and review your case in more detail, such as your expected compensation and the length of your lawsuit to determine the amount of your loan.
- You get paid. After you and your attorney sign the agreed-upon contract, anywhere from $500 to $1 million will be deposited into your account within 24 hours.
We have tried to make the legal funding process, from application to approval, as seamless and stress-free as possible over the years for our clients. We know it truly is important for you to receive this cash advance from your car accident loan as quickly as possible to pay your bills now.
Apply for Mississippi Legal Funding Through Tribeca Today
If you have decided that a Mississippi car accident loan from Tribeca is the best option for you during this physically and financially difficult time before your lawsuit settles, apply now. We have helped thousands of clients over the past decade. It only takes a few minutes to fill out our form, there is no credit check required, and, once approved, you could have your cash advance available to you within 24 hours.