Louisiana Car Accident Loans
- Get Cash as Soon as the Same Business Day
- Rates as Low as 2.5% Simple, Monthly
- Repay $0 if You Lose Your Case
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Pre-Settlement Funding for Car Accidents in Louisiana
Car accident loans, also referred to as pre-settlement funding or lawsuit loans, are a unique financial tool available to plaintiffs engaged in personal injury claims. These loans are essentially a cash advance that is given based on the potential outcome of the plaintiff’s lawsuit.
In Louisiana, car accident loans have become an increasingly popular means of maintaining financial stability during the lengthy and often challenging legal process. The essential characteristic of these loans is that they are non-recourse. This simply means that if the plaintiff does not win their case, they are not obligated to repay the loan. Consequently, the risk is entirely on the lender, not the individual plaintiff.
Here’s a practical example: Say you’re involved in a car accident due to someone else’s negligence. You file a lawsuit seeking compensation for your injuries and damages. Unfortunately, legal proceedings can drag on for months, sometimes even years. In the meantime, you’re dealing with medical bills, car repairs, lost wages, and other financial hardships, all while trying to recover from your injuries.
That’s where a car accident loan steps in. By applying for a car accident loan with LawsuitLoans.io, you can receive funds to help you manage these financial burdens while your case proceeds through the court. This short-term financial support can give you peace of mind, allowing you to focus on what matters most — your recovery and fighting for justice.
How Lawsuit Loans Work
Here’s how the lawsuit loan process works in three easy steps. The entire process can be completed within 24 hours with your attorney’s help.
Apply Online or Call Toll-Free
Apply online or call us toll-free at (866) 594-1343. Submitting your application takes minutes.
We Review Your Case
Next, we contact your law firm and collect basic information to review your case. Review only takes a few hours.
You Receive Funds
You and your attorney review and sign our funding contract. Once complete, you can have funds within hours.
Key Information About Car Accident Loans in Louisiana
If you’re involved in a car accident in Louisiana, it’s important to understand the financial assistance options available to you. One such option is Lawsuit Loan. While your legal case is in progress, these loans can provide you with the funds necessary to cover personal expenditures. The following table provides some key data about LawsuitLoans.io’s car accident loans in Louisiana:
| Average car accident loan amount by LawsuitLoans.io in Louisiana | $8,126.46 |
| Largest car accident loan by LawsuitLoans.io in Louisiana | $83,591.00 |
| Average interest rate in Louisiana | 21.5% |
| Median personal injury verdict in Louisiana | $95,000.00 |
| Louisiana statute of limitations | 1 Year; Louisiana Civil Code Section 3492 |
| Louisiana fault laws | Louisiana is an “at-fault” or “tort” state, meaning the driver found to be responsible for the accident is liable for damages. |
Get an Instant Quote
Input your requested funding amount and the time your case may take to settle here to see your potential savings and costs when you choose LawsuitLoans.io. While we sometimes offer rates as low as 2.5%, our calculator assumes a simple, non-compounding monthly rate of 3.3%. This calculator is for illustrative purposes only. Actual terms may differ. Please contact us for an instant, written quote for your request.
Advance Amount:
Months Until Settlement:
$2,900
Total Cost
Pay $2,900 on a lawsuit loan of $10,000 if your case settles within 6 months of your advance.
$1,697
Your Savings
Save $1,428 compared to competitors on a lawsuit loan of $10,000 if your case settles within 6 months of your advance.
33%
Percent Savings
Save 33% on a lawsuit loan of $10,000 if your case settles within 6 months of your advance.
Am I Eligible for a Car Accident Loan in Louisiana?
If you’ve been in a car accident and are currently dealing with a lawsuit, you might be eligible for a lawsuit loan. This type of loan can provide you with the funds you need to cover your expenses while your legal case is being settled. But to be eligible, there are a few important criteria that you must fulfill.
First, you must have a valid legal claim against an insurance company or self-insured company. Note that this includes not only car insurance companies but also other types of insurers, such as homeowner’s insurance companies or workers’ compensation providers. The existence of a qualifying legal claim is the cornerstone of eligibility for car accident lawsuit loans.
Second, you must have an attorney hired on a contingency basis. This means that your attorney agrees to get paid only if they win or settle your case. This shows your lender that you have professional legal representation and a strong case.
Lastly, you must be at least 18 years old. This is because the legal contracts involved in these transactions require one to be of a certain age to be enforceable.
In sum, to determine whether you’re eligible for a car accident loan in Louisiana, consider these three factors: the legitimacy of your legal claim, your attorney’s agreement to work on a contingency basis, and your age.
Get up to $500,000 With Rates as Low as 2.5% Simple, Monthly
Roadway Accident Cases we Fund in Louisiana
We fund almost any type of roadway accident in Louisiana. Here’s a list to give you a better idea:
- Bicycle Accident Loans: You can apply for our Bicycle Accident Loans if you’ve been injured in a bicycle accident and have a legal claim.
- Car Accident Loans: Our Car Accident Loans support victims with personal injury claims awaiting a case resolution.
- Commercial Vehicle Accident Loans: If your legal claim is related to a commercial vehicle accident, consider this loan option.
- Government Vehicle Accident Loans: This funding is for individuals with pending cases involving accidents with government vehicles.
- Motorcycle Accident Loans: Motorcycle accident victims awaiting case resolution can benefit from our Motorcycle Accident Loans.
- Pedestrian Accident Loans: If you’re a pedestrian who was injured and have a legal case pending, this loan may be right for you.
- Rideshare Accident Loans: For victims of rideshare accidents who are waiting for their legal case to resolve, we offer Rideshare Accident Loans.
- Semi-Truck Accident Loans: If you’ve been involved in a semi-truck accident and have an ongoing case, consider our Semi-Truck Accident Loans.
Get Started
Apply today and get funds in as little as 24 hours!
How Much Money Can I Get From my Car Accident Pre-settlement Loan?
Lawsuit loans from LawsuitLoans.io can range from $500 to over $1,000,000. We can advance up to a maximum of 25% of your expected portion of the settlement if your case is still in progress. For settled cases, we can offer 50% of your expected portion of the settlement.
Let’s look at an example: A Louisiana plaintiff is involved in a car accident case with an estimated value of $50,000. The case is still in progress and will not settle for some time. As a general rule of thumb, medical providers get paid around 1/3 of the settlement, the attorney gets another 1/3 of the settlement. As a result, the plaintiff would receive around $17,000. In this case, we can advance approximately 25% of that amount or $4,250.
Major Cities we Serve in Louisiana
As a trusted pre-settlement funding company, LawsuitLoans.io proudly extends its services to all corners of Louisiana and beyond. Here are the top 10 most populous cities in Louisiana, where we offer our comprehensive funding solutions:
- New Orleans
- Baton Rouge
- Shreveport
- Lafayette
- Lake Charles
- Bossier City
- Kenner
- Monroe
- Alexandria
- Houma
If you’re a resident of any of these cities or anywhere else in Louisiana or even nationwide, you can reach out to us for help. Use our website LawsuitLoans.io or call our toll free number (800) 340-4973. You can also apply directly via our funding application.
Get $500 – $500,000 in as Little as a Single Business Day!
We understand that if you’re applying for funding with us, you needed the funding yesterday. With your attorney’s cooperation, we can provide funding as soon as the same business day.
Cities we Service in Louisiana
LawsuitLoans.io provides funding throughout Louisiana. See more about our funding in Louisiana by visiting the city pages below:
Other Cases we Fund in Louisiana
LawsuitLoans.io provides funding for various personal injury and roadway accident cases in Louisiana. Read more about the personal injury cases we fund in Louisiana here:
- Personal Injury Loans
- Police Misconduct Lawsuit Loans
- Medical Malpractice Lawsuit Loans
- Slip and Fall Lawsuit Loans
- Premises Liability Loans
- Dog Bite Lawsuit Loans
- Wrongful Death Loans
Read more about the roadway accident claims we fund in Louisiana here: