Maine Commercial Vehicle 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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What Are Commercial Vehicle Accident Loans in Maine?
A car accident loan, also known as pre-settlement funding, is a risk-free financial option for victims of car accidents who have pending lawsuits. This type of loan provides an advance on the potential settlement that victims may receive in the future.
It’s important to understand that car accident loans aren’t loans in the traditional sense. Instead, rather than repayments being made in fixed monthly installments, repayment only happens if you win your case. If you don’t win, you owe nothing back. This makes these loans non-recourse in nature, so they are completely risk-free for the plaintiff.
Most importantly, it’s a practical financial solution that can help plaintiffs manage costs and expenses while waiting for their case to settle. It can be used to pay for living expenses, medical bills, legal costs, and other unexpected charges that might surface during the lawsuit process.
Car accident loans can benefit victims who are facing financial hardship because of injury, work loss, or ongoing legal proceedings. By having access to funds when they need them most, victims can focus on their recovery and navigating their legal journey.
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 Maine
If you’ve been involved in a car accident in Maine and have a legal claim, LawsuitLoans.io may be able to provide you with a loan. This could help cover your expenses while your case is resolved. However, it’s important to understand that the data about average and largest loan amounts, as well as the average interest rate, is not readily available from LawsuitLoans.io. Statistics do show that the median personal injury verdict in Maine typically ranges from $27,000 to $113,500. Maine law allows for six years to file a personal injury claim following an accident. Furthermore, Maine is an “at-fault” or “tort” state where the driver found to be responsible for the accident is liable for damages.
| Average car accident loan amount by LawsuitLoans.io in Maine | Not enough data available |
| Largest car accident loan by LawsuitLoans.io in Maine | Not enough data available |
| Average interest rate in Maine | Not enough data available |
| Median personal injury verdict in Maine | $27,000 to $113,500 |
| Maine statute of limitations | 6 years; Maine Revised Statute Title 14 Section 751 |
| Maine fault laws | Maine 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 Commercial Vehicle Accident Loan in Maine?
If you have been involved in a commercial vehicle accident and filed a lawsuit, you may be wondering about the eligibility criteria for car accident lawsuit loans. These loans provide financial relief to plaintiffs while they wait for their case to resolve. So, what qualifies someone for these loans?
Due to the nature of commercial vehicle accidents, a high insurance policy or self-insured entity is typically associated with every claim. This means that the financial risk to the pre-settlement funding company (like LawsuitLoans.io) is reduced, making it easier for plaintiffs to qualify for funding.
The key eligibility criteria are quite straightforward:
- You should already have an attorney hired on a contingency basis. This indicates that your attorney believes your case is strong enough to win, and is willing to stake their fee on the outcome of the case.
- You must be 18 years old or older.
If you meet these criteria, you could be eligible for a car accident lawsuit loan in Maine. Check out the LawsuitLoans.io funding application to start your application today.
Get up to $500,000 With Rates as Low as 2.5% Simple, Monthly
How Much Money Can I Get From my Commercial Vehicle 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 have a look at an example: Suppose a plaintiff in Maine who was involved in a commercial vehicle accident has a claim valued at approximately $500,000. However, the case is not yet resolved and will take some time. Usually, medical providers receive around 1/3 of the settlement, the attorney gets another 1/3, and the plaintiff ends up with approximately $170,000 in hand. We at LawsuitLoans.io can advance nearly 25% of that amount or $42,500.
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Apply today and get funds in as little as 24 hours!
What Types of Commercial Vehicles are Frequently Involved in Cases we Fund in Maine?
At LawsuitLoans.io, we fund lawsuits involving a wide variety of vehicles. Below we highlight some of the common types of commercial vehicles involved in accidents in Maine:
Semi-Trucks or Tractor-Trailers
These large, powerful vehicles can cause serious damage when in an accident. Due to their size and weight, these trucks often result in significant injuries.
Delivery Vans
Vans used for delivering goods and services are another common vehicle involved in accidents. Their constant presence on the road increases their odds of getting into accidents.
School Buses
School buses transport children, making them a high priority for safety. Accidents involving school buses can lead to serious consequences because they typically carry many passengers at once.
Taxis
In busy areas where taxis frequently operate, accidents can happen, often resulting in legal battles that need funding.
Rental Trucks
Rental trucks can also be involved in accidents, especially if the drivers are not accustomed to operating larger vehicles.
While many cases we fund nationwide involve these types of vehicles, it’s important to know that we fund car accident claims involving any kind of privately or commercially used vehicle. Whether you’ve been involved in an accident with a semi-truck in Portland or a delivery van in Bangor, we’re here to provide the funding assistance you need while your legal case is resolved.
Roadway Accident Cases we Fund in Maine
At LawsuitLoans.io, we fund almost any type of roadway accident in Maine. Listed below are some types of road accidents we cater for:
- Bicycle Accident Loans: Financial assistance for victims of bike accidents still waiting for their legal claim to resolve.
- Car Accident Loans: Get funding while your car accident case reaches a settlement.
- Commercial Vehicle Accident Loans: Immediate funds for plaintiffs with pending commercial vehicle lawsuits.
- Semi Truck Accident Loans: Seek monetary support while your semi truck accident claim gets resolves.
- Government Vehicle Accident Loans: Financial relief for those injured by government vehicles and have legal claims in progress.
- Motorcycle Accident Loans: Obtain funds while your motorcycle accident lawsuit is underway.
- Pedestrian Accident Loans: Beneficial for pedestrians awaiting their accident lawsuit settlements.
- Rideshare Accident Loans: Financial aid available for victims of rideshare accidents currently going through legal processes.
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 Maine
LawsuitLoans.io provides funding throughout Maine. See more about our funding in Maine by visiting the city pages below:
Other Cases we Fund in Maine
LawsuitLoans.io provides funding for various personal injury and roadway accident cases in Maine. Read more about the personal injury cases we fund in Maine 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 Maine here:
Get up to $500,000 With Rates as Low as 2.5% Simple, Monthly
Does LawsuitLoans.io Directly Fund Cases in Maine?
While LawsuitLoans.io operates as a direct funder in most states it services, we act as a broker and originate funding requests to a select group of partner funding companies in Maine.