According to the Missouri Department of Transportation, the State Highway Patrol reported that 989 lives were lost in car accidents in 2020, which is up from 881 in 2019 – a 12% increase.
If you were the victim of a car accident and currently suffering through the physical and financial aftermath of a personal injury lawsuit, you may want to consider pre-settlement funding. Missouri car accident loans provided by Tribeca can serve as this legal funding you need as you and your attorney fight for justice, and as you battle the looming medical bills and more.
What Exactly Is a Missouri Car Accident Loan?
Pre-settlement funding in Missouri was created to loan you a cash advance until your lawsuit settles. Missouri car accident loans are often given to plaintiffs based on the certainty that they will win their case.
Our team at Tribeca knows that car accident lawsuits can drag out for months, even years. That is time that you cannot afford to lose, without a way to pay medical bills, your mortgage, and possibly without a paycheck, if your injuries have hospitalized you or have not allowed you to return to work. It is also time you cannot afford to put in the defendant’s hands, whose attorneys and insurance companies could pressure you into a lower compensation.
A beneficial financial solution is applying for a Missouri car accident loan, which although are risk-free but are not non-recourse debt. That is because we have always give our Missouri clients the advantage if their cases outcome is unsuccessful by not pursuing the debt with debt collectors. That’s because first and foremost Tribeca puts the client first and you will not have monthly repayment obligations and you will not have to pay Tribeca back if you do not win your case. If you do win, payment to Tribeca comes out of your settlement payment, per our agreed-upon contract with you.
How Much Legal Funding in Missouri Can I Receive?
In short, Tribeca can provide Missouri car accident loans to clients in amounts that range from $500 to $1 million. The legal funding payout depends on the level of physical damages to your property, and the severity of your physical and emotional pain because of your accident.
Other factors that affect the amount of legal funding our clients receive include:
- The degree of their liability in the car accident.
- The amount of the insurance coverage for the defendant, i.e., the defendant is a large corporation.
- The strength of your evidence in the case, such as available video surveillance or eyewitnesses at the scene of the accident.
How Expensive Are Missouri Car Accident Loans?
Because every car accident case is different, of course, we cannot give you a blanket estimate of the cost of a Missouri car accident loan for every plaintiff. We can, however, give you a general guideline of what we follow in legal funding at Tribeca to determine costs:
- There are no costs to apply.
- There are no hidden fees; all costs are discussed with you and your attorney from the start.
- We offer a low interest rate, rather than high, compounding interest rates.
How Can I Use My Missouri Legal Funding?
Legal funding in Missouri is available to support you after a car accident financially, physically, and emotionally while you recover. We know this time post-car accident is a challenging one, as you are overwhelmed with injuries, hospital bills, car damages, lost wages, and more bills. Plus, you are probably in the midst of fighting for justice in a lawsuit. That can all add up to thousands of dollars, with little savings set aside in your budget to pay for them.
Let our car accident loans from Tribeca help you pay for those piled-on bills now, pre-settlement. You can use our lawsuit loans to pay for:
- Repairs to your vehicle and/ or property damages
- Medical bills and any ongoing medical treatment caused by the accident
- Utility bills
- Monthly mortgage or rent payments
- Everyday living expenses, such as food, groceries, gas, and clothing
Are There Taxes on Lawsuit Loans in Missouri?
Missouri car accident loans from Tribeca are considered compensation packages and are not taxed as income, so you will not need to pay income taxes on Missouri pre-settlement funding. However, if you make any investments with your legal funding, that money will be taxed. Stick to using your lawsuit loan funds for the ways we discussed above to avoid that.
- Blue Springs
- St. Peters
- St. Joseph
- St. Charles
- Lee’s Summit
- St. Louis
- Kansas City
- University City
- Cape Girardeau
- Jefferson City
- Webster Groves
- Maryland Heights
- Old Jamestown
- Poplar Bluff
- Spanish Lake
- Creve Coeur
- Grain Valley
- Lake St. Louis
- Fort Leonard Wood
- Webb City
- West Plains
- St. Ann
- Dardenne Prairie
- Town and Country
- Excelsior Springs
- Bellefontaine Neighbors
- Sunset Hills
- Richmond Heights
- Pleasant Hill
- Park Hills
- Des Peres
Apply for a Missouri Lawsuit Loan Today
Apply for a Missouri car accident lawsuit loan from Tribeca easily – and free – online now. The process is stress-free and risk-free, without any credit checks or employment history probes involved. And, even better, you could receive your legal funding in your bank account within 24 hours of approval.