Easy Car Accident Loans- How Do They Work?
If you’re behind on your bills because of a car accident. Then we can help, get $500 to $500,000 by tomorrow with a pre-settlement auto accident loan (advance). Car accident loans are quick, easy and. safe. You can pre qualify for an auto accident advance from LFC if you were in an accident, are working with an attorney, and need money for immediate expenses while you wait for your case to settle.
We can provide car accident loans (advances) within 24 hours of approval at the lowest rates available. Automobile accidents are used to describe any vehicle accident. It can involve cars, trucks, motorcycles, or a combination thereof.
Understanding the details of an auto accident claim will assist you in securing an auto accident settlement advance. And help you follow your case until final settlement. By reading our tutorials you’ll have a better understanding of how motor vehicle accident claims resolve from start to finish. And if you might qualify for a car accident cash advance.
Can You Get a Loan on a Car Accident Settlement?
Car accident settlement loans are actually a cash advance against your potential car accident settlement. The advance is not a loan because if you lose your case, you don’t have to pay back the advance from LFC. So if your case settles or you win your lawsuit then you would repay your pre settlement auto accident loan.
Pre Settlement Auto Accident Loan FAQs
The LFC offers the lowest rates and the best service in the industry. You will work with an account executive assigned to your request, you won’t be dialing into a call center and being passed around. You can expect straight answers and results if your case qualifies for funding. Here are some common questions and FAQs about receiving a car accident cash advance.
LFC specializes in auto accident settlement advances and our rates are the most competitive in the lawsuit funding industry. Remember accident loans are non recourse which means they are risk free. If you lose your case you don’t have to repay your motor vehicle accident advance.
A car accident loan can usually be processed on the same day you call in. Once we reach out to your personal injury attorney, we collect the information we need on your accident and a decision can be made shortly after that by our underwriting team. LFC knows that time is of the essence when you are searching for an advance on your auto accident case.
The main three factors that determine the eligibility and approval of your advance include:
- How much insurance coverage is available?
- What injuries and damages have you sustained?
- Was the other person at fault or liable for your injuries.
We provide loans for car accident victims as low as $500 and over $500,000 in some cases. Our underwriting team will evaluate the damages, liability, and coverage along with the particulars of your case and determine who much we can advance you. Usually this number is about 10-20% of your total case value.
Determining the value of a case involves looking at a number of variables. Generically speaking the significance of the injury drives the value of the case, assuming liability is solid and there is enough insurance coverage. Finally, the medical liens can restrict how much can actually be advanced on a particular case.
We have conservative underwriting and that allows us to fund at some of the lowest rates available. We only charge simple interest and never compounding interest. We can give you a quote right over the phone after we learn some details about your case.
Accident cash advances are similar to loans but are not actually loans. The amount of money you receive is not actually a loan.
Auto Accident Car Accident Lawsuit Loans from LFC Funding
You can submit your information online and we’ll call you back or call us directly and we can take your information over the phone. We will immediately get the information we need from your lawyer or law firm. If qualified- we can give you an initial idea of how much we can advance you based on the value of your case. Receiving car accident settlement loans from LFC is convenient and quick. Give us a call today and we’ll walk you through the process and answer all your questions.