New Mexico 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 New Mexico
Commercial vehicle accident loans are a type of financial aid offered to plaintiffs involved in car accident lawsuits. These unique financial solutions are essentially pre-settlement funding, providing cash advances to plaintiffs while they wait for their legal cases to resolve.
A key attribute of these loans is their non-recourse nature. This means that the funding you receive is not a typical loan. Instead, it’s an advance on your future car accident settlement; you get access to a portion of your potential settlement money before the conclusion of your case. Therefore, if you end up losing your case, you’re not required to repay the amount you received because the advance was contingent on you winning the lawsuit.
An important note: these are not traditional loans; they are also known as pre-settlement cash advances or lawsuit loans. They are designed to help plaintiffs cover their ongoing costs such as bills, medical expenses, and any other urgent payments that can’t wait for the case resolution.
To apply for a commercial vehicle accident loan in New Mexico, visit LawsuitLoans.io funding application or call (800) 340-4973. Your application gets reviewed swiftly and if approved, the cash will be promptly transferred to your account, helping you stay financially stable during the long legal process.
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 New Mexico
If you’re involved in a car accident in New Mexico and pursuing a legal claim, it may take some time before your case is resolved. During this waiting period, LawsuitLoans.io is here to provide financial support in the form of car accident loans. These are specially designed to help plaintiffs manage their financial obligations while they await the resolution of their lawsuit. Please note, the information below may vary as we currently do not have enough data specific to New Mexico.
| Information | Data |
|---|---|
| Average car accident loan amount by LawsuitLoans.io in New Mexico | Not enough data available |
| Largest car accident loan by LawsuitLoans.io in New Mexico | Not enough data available |
| Average interest rate in New Mexico | Not enough data available |
| Median personal injury verdict in New Mexico | $31,000.00 |
| New Mexico statute of limitations | 3 Years; N.M. Stat. Ann. § 37-1-1 |
| New Mexico fault laws | New Mexico 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 New Mexico?
Eligibility criteria for a car accident lawsuit loan can vary, but there are a few standard conditions that must be met. The most important factor is the involvement of a high insurance policy or a self-insured entity in your commercial vehicle accident claim. This ensures that there will be a guaranteed payout at the resolution of your legal case.
The second requirement to qualify for a lawsuit loan is to have an attorney working on your case on a contingency basis. This means that your lawyer only gets paid if you win or settle your case. You’ll need to provide your lending company with your attorney’s contact information when applying for a lawsuit loan.
Lastly, you must be at least 18 years old to be considered for a car accident lawsuit loan. This is because the law considers individuals under this age to be minors who cannot enter into legal contracts.
By meeting these criteria, you enhance your chances of securing a commercial vehicle accident loan in New Mexico. Remember to reach out to LawsuitLoans.io funding application for more guidance.
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 to more than $1,000,000. We are able to advance up to a maximum of 25% of your expected share of the settlement if your case is still in progress. If your case has been settled, we can offer half, or 50%, of your expected share of the settlement.
Let’s look at an example. Suppose you are a plaintiff in New Mexico and you were involved in a commercial vehicle accident. Your claim is estimated to be worth $500,000, but the case is still ongoing and won’t settle for quite some time. Normally, medical providers receive around one-third of the settlement, while the attorney gets another third. This leaves you, as the plaintiff, with around $170,000. Of that amount, we can advance approximately 25%, which is $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 New Mexico?
There are many types of commercial vehicles that are often at the center of personal injury lawsuits in New Mexico. It’s our duty at LawsuitLoans.io to fund deserving legal claims involving multiple types of vehicles. Below, we outline a few of the common commercial vehicle types we encounter:
Semi-Trucks
Semi-trucks, also known as 18-wheelers or big rigs, are large vehicles that transport goods across the country. Due to their size and weight, accidents involving these trucks can be particularly devastating, often resulting in serious injuries or fatalities.
Delivery Trucks
Delivery trucks, including those from large courier companies, are common on city roads where they deliver packages. Accidents can occur when drivers are hurrying to meet delivery deadlines, leading to negligence.
Taxis and Rideshares
Taxis and rideshare vehicles, like those from Uber or Lyft, are common in highly populated areas. These vehicles are often involved in accidents due to the high number of hours drivers spend on the road.
Commercial Buses
Commercial buses, such as city buses, charter buses, or long-distance coaches, present another risk for potential accidents. Accidents involving buses can have large numbers of victims due to the vehicle’s passenger capacity.
While we see a large number of cases involving these kinds of commercial vehicles, it’s important to note that here at LawsuitLoans.io, we fund car accident claims involving any kind of vehicle, whether it’s privately or commercially used.
Roadway Accident Cases we Fund in New Mexico
At LawsuitLoans.io, we are committed to supporting you during your legal battle, which is why we fund almost any type of roadway accident in New Mexico. Whether you’ve been involved in a car collision or a motorcycle mishap, we’re here to assist with your financial needs until your case is settled. Please find brief descriptions below about the different types of loans we provide:
- Bicycle Accident Loans: These loans are meant for plaintiffs involved in bicycle accidents that were not their fault.
- Car Accident Loans: If you’re suffering due to a car crash, these loans can ease your financial stress while waiting for settlement.
- Commercial Vehicle Accident Loans: Victims of accidents involving commercial vehicles may apply for these loans.
- Semi Truck Accident Loans: This category specializes in cases involving semi-truck accidents.
- Government Vehicle Accident Loans: These loans are available for cases involving accidents with government-owned vehicles.
- Motorcycle Accident Loans: If you were involved in a motorcycle accident, consider applying for these loans.
- Pedestrian Accident Loans: Injuries caused by accidents while walking or standing are covered by these loans.
- Rideshare Accident Loans: If you’ve been in an accident involving a Rideshare vehicle, these loans can take care of your financial needs until your case is resolved.
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 New Mexico
LawsuitLoans.io provides funding throughout New Mexico. See more about our funding in New Mexico by visiting the city pages below:
Other Cases we Fund in New Mexico
LawsuitLoans.io provides funding for various personal injury and roadway accident cases in New Mexico. Read more about the personal injury cases we fund in New Mexico 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 New Mexico here:
Get up to $500,000 With Rates as Low as 2.5% Simple, Monthly
Does LawsuitLoans.io Directly Fund Cases in New Mexico?
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 New Mexico.