Minnesota 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 Minnesota
A car accident loan, also known as legal funding, is a financial aid provided to plaintiffs involved in a car accident case in Minnesota. It is not actually a loan but rather an advance on the potential settlement that a plaintiff may receive after the resolution of the case. These advances are non-recourse, which means if the victim does not win the lawsuit, they don’t have to pay anything back.
Let’s take an example to better understand how a car accident loan works. Suppose you are involved in a car accident. This unfortunate event may result in expensive medical bills, loss of income due to being unable to work, and other related financial strains. Such burdens can be overwhelming especially when you have a lawsuit to focus on. That’s where a car accident loan comes into play.
A pre-settlement funding company like LawsuitLoans.io would evaluate your case and if approved, you could receive funding within 24 hours. This non-recourse fund can then be used to take care of your immediate financial needs like medical expenses, rent, utility bills, and daily expenses. This allows you to focus more on your healing process and less on the associated financial pressures. Moreover, you only pay back the advance if you win your lawsuit and receive a settlement. This minimizes your financial risk during such a trying time.
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 Minnesota
Have you been in a car accident in Minnesota and waiting for your legal claim to settle? This can be a stressful time. Thankfully, LawsuitLoans.io caters to people like you. They offer car accident loans to help you with your financial needs while waiting for the settlement of your case. To know more, here are some facts on car accident loans in Minnesota.
| Average car accident loan amount by LawsuitLoans.io in Minnesota | $3,686.25 |
| Largest car accident loan by LawsuitLoans.io in Minnesota | $12,000.00 |
| Average interest rate in Minnesota | 22.5% |
| Median personal injury verdict in Minnesota | $30,000.00 |
| Minnesota statute of limitations | 2 Years; Minnesota Statutes Sec. 541.07 |
| Minnesota fault laws | Minnesota is a “no-fault” state, meaning your own insurance covers your losses regardless of who caused the accident. |
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 Minnesota?
If you’ve been involved in a car accident in Minnesota, getting access to necessary funds while your legal case is being settled can be crucial. Many people opt for lawsuit loans to bridge the financial gap. But, are you eligible for a car accident lawsuit loan? Let’s break it down.
The primary eligibility criteria for a lawsuit loan with LawsuitLoans.io are straightforward:
- You must have a valid legal claim pending against an insurance company or a self-insured company. This assures that there is a potential source of funding for the loan.
- You need to have hired an attorney who is working on a contingency basis. This means the attorney believes your case has merit and will only get paid if you win your lawsuit.
- Lastly, you need to be at least 18 years old, as loans cannot legally be granted to minors.
If you meet these criteria, you could potentially qualify for a car accident lawsuit loan from LawsuitLoans.io. The process is simple and quick, enabling you to focus more on recovery and less on finances.
Get up to $500,000 With Rates as Low as 2.5% Simple, Monthly
Roadway Accident Cases we Fund in Minnesota
At LawsuitLoans.io, we understand how stressful a roadway accident can be, especially if you have to wait for the resolution of your legal case. To ease financial pressure, we offer pre-settlement funding for almost any type of roadway accident in Minnesota. The types of cases we fund include:
- Bicycle Accident Loans: Bicycle accidents often result in severe injuries due to lack of protection compared to motorists. Riders can potentially receive funding while they wait for their case to settle.
- Car Accident Loans: Car accidents are common and often devastating. Victims dealing with physical, emotional, and financial hardship can apply to get financial help.
- Commercial Vehicle Accident Loans: Injuries resulting from accidents involving commercial vehicles can be serious. Waiting for a fair settlement need not be financially draining, though.
- Government Vehicle Accident Loans: Suffering an accident with a government vehicle can be complex. Get the fund you need to cope while your legal case stands.
- Motorcycle Accident Loans: We provide pre-settlement funds for victims of motorcycle accidents. They can utilize the funding during the legal processing period.
- Pedestrian Accident Loans: Accidents involving pedestrians can lead to severe injuries and costly medical expenses. We offer funding to assist you while your case is progressing.
- Rideshare Accident Loans: If you’ve been involved in a rideshare service accident, you don’t have to wait for Uber or Lyft settlement payouts. Reach out to us instead.
- Semi-Truck Accident Loans: Semi-truck accidents often have devastating effects. Secure your finances by applying for pre-settlement funding while your case is being handled.
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 – $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 give an example to understand better. Assume you are a plaintiff from Minnesota involved in a car accident case with an estimated value of $50,000, and the case is still in progress and expected to settle for some time. Typically, around one-third of the settlement goes to medical providers, another third covers attorney fees, leaving approximately $17,000 for you, the plaintiff. In such a scenario, LawsuitLoans.io can advance roughly 25% of your portion, which would be around $4,250.
Major Cities we Serve in Minnesota
At LawsuitLoans.io, we offer our pre-settlement funding services to residents throughout the nation. This includes every city in Minnesota. Here’s a list of the top 10 major cities in Minnesota that we serve:
- Minneapolis
- St. Paul
- Rochester
- Duluth
- Bloomington
- Brooklyn Park
- Plymouth
- Maple Grove
- Woodbury
- St. Cloud
Remember, regardless of whether your city appears on this list, LawsuitLoans.io can provide you with the pre-settlement funding you need while you wait for your legal case to resolve. To start the process, fill out our easy-to-use online application by clicking here or you can contact us via our toll free phone number: (800) 340-4973.
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 Minnesota
LawsuitLoans.io provides funding throughout Minnesota. See more about our funding in Minnesota by visiting the city pages below:
Other Cases we Fund in Minnesota
LawsuitLoans.io provides funding for various personal injury and roadway accident cases in Minnesota. Read more about the personal injury cases we fund in Minnesota 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 Minnesota here: