Pennsylvania 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 Pennsylvania
A commercial vehicle accident loan, sometimes referred to as a car accident loan, is essentially a cash advance you receive while waiting for your legal case to settle. These loans can offer much-needed financial relief for plaintiffs who have been involved in a vehicular accident, particularly commercial types like truck accidents.
These loans are not really loans in the traditional sense, but more of a pre-settlement funding. The uniqueness here lies in the fact that they are non-recourse advances. This means if you lose your case, you’re not required to repay the amount advanced to you. Contrary to typical loan structures, repayment of this pre-settlement advance is contingent on the successful resolution of your legal case. If you win or settle your case, only then will the repayment be deducted from your settlement funds.
As such, these loans serve as a vital lifeline especially during the difficult time between an accident and settlement of the lawsuit. They help the plaintiff handle immediate financial demands such as medical bills, mortgage payments, groceries, and more, thereby giving them the resilience to pursue their legal rights fully without financial stress.
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 Pennsylvania
If you’re considering a car accident loan in Pennsylvania, it’s helpful to know essential facts. This type of pre-settlement funding helps legal claimants manage expenses while they wait for the resolution of their cases. Here, we’ve gathered some significant figures and information about car accident loans in Pennsylvania.
| Average car accident loan amount by LawsuitLoans.io in Pennsylvania | $18,024.14 |
| Largest car accident loan by LawsuitLoans.io in Pennsylvania | $185,135.00 |
| Average interest rate in Pennsylvania | 20.2% |
| Median personal injury verdict in Pennsylvania | $15,000 to $45,000 |
| Pennsylvania statute of limitations | 2 Years; 42 Penn. Cons. Statutes Section 5524 |
| Pennsylvania fault laws | Pennsylvania is a “choice no-fault” state, allowing drivers to choose between a “no-fault” policy and a traditional “at-fault” policy. |
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.
Get up to $500,000 With Rates as Low as 2.5% Simple, Monthly
Am I Eligible for a Commercial Vehicle Accident Loan in Pennsylvania?
If you’re involved in a commercial vehicle accident and seeking a lawsuit loan in Pennsylvania, there are some basic eligibility criteria you need to meet. Unlike traditional loans, the main consideration here isn’t your credit score or employment status, but specific factors related to your legal case.
One major requirement is that there is a high insurance policy or a self-insured entity involved in your claim. If this condition is met, it usually indicates a strong potential for achieving a substantial settlement that will be suitable for repayment of the pre-settlement funding.
The second criterion is having an attorney handling your case on a contingency basis. This means, the attorney gets paid out of the final settlement or court verdict. Having an enlisted attorney is essential since it shows that a legal professional is backing up your claim.
Last but not least, to secure a lawsuit loan, you must be at least 18 years old as minors cannot enter into a contractual agreement by law. Therefore, even if you are a victim of a commercial vehicle accident, if you are underage, you won’t be eligible for a lawsuit loan.
If you meet these criteria, you stand a good chance of qualifying for a commercial vehicle accident lawsuit loan with LawsuitLoans.io.
How Much Money Can I Get From my Commercial Vehicle Accident Pre-settlement Loan?
Lawsuit loans from LawsuitLoans.io can range anywhere from $500 all the way to $1,000,000. The amount that we can advance to you depends on the specifics of your case. If your case is still in progress, we could potentially advance you a maximum of 25% of the expected portion of your settlement.
If your case has already been settled, we can offer up to 50% of your expected portion of the settlement. Allow us to give you an example for better understanding.
Let’s say you are a plaintiff from Pennsylvania who was involved in a commercial vehicle accident and has a $500,000 estimated value claim. Your case is still in progress and won’t settle for a while. Typically, about 1/3 of the settlement goes for medical expenses and another 1/3 of the settlement goes to attorney fees. This leaves you with an approximate amount of $170,000.
In this scenario, LawsuitLoans.io would be able to advance about 25% of that amount as a pre-settlement loan, which equates to $42,500. Remember, every case is unique, so these figures can change based on the specifics of your case.
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What Types of Commercial Vehicles are Frequently Involved in Cases we Fund in Pennsylvania?
In Pennsylvania, a variety of commercial vehicles are commonly involved in the cases that LawsuitLoans.io helps fund. While each type of vehicle brings unique factors into the legal claims, any kind of privately or commercially used vehicle can potentially be part of a car accident claim that we provide funding for.
Here are some common types of commercial vehicles we frequently see involved in cases in Pennsylvania:
Tractor-Trailers
These large transportation vehicles, also known as 18-wheelers, often carry heavy loads cross-country. If they’re involved in an accident, the damage can be severe due to their size and weight.
Delivery Trucks
Delivery trucks, from parcel carriers to food delivery vans, are a common sight on Pennsylvania’s roads. The rush to deliver goods may sometimes lead to accidents.
Taxis and Rideshares
The rise of rideshare services like Uber and Lyft means there are more of these vehicles on the road than ever before. Accidents involving these vehicles can lead to complex claims due to issues around employment status and insurance liability.
School Buses and Public Transit Buses
Buses transport a high number of passengers at once, which can increase the potential for severe injuries in the event of an accident. State and local regulations can also complicate the legal process in these cases.
At LawsuitLoans.io, we can help fund cases involving these and other types of vehicles. To find out if your case qualifies, apply at our funding application page or contact us on (800) 340-4973.
Roadway Accident Cases we Fund in Pennsylvania
We understand that accidents occur, often through no fault of the victim. If you’re involved in any kind of roadway accident in Pennsylvania and awaiting your lawsuit outcome, we are here to help. We fund almost any type of roadway accident, including:
- Bicycle Accident Loans – We extend loans for those involved in bicycle accidents.
- Car Accident Loans – Were you in a car accident? Our car accident loans can assist you.
- Commercial Vehicle Accident Loans – Accidents involving commercial vehicles also qualify for our financial help.
- Semi Truck Accident Loans – We offer loans to victims of semi-truck accidents as well.
- Government Vehicle Accident Loans – If involved in a government vehicle crash, you’re also eligible for our funding.
- Motorcycle Accident Loans – Motorcycle accidents can be severe – our loans can help you get through this tough period.
- Pedestrian Accident Loans – Pedestrians affected by an accident are not left out. Our loans can offer financial relief.
- Rideshare Accident Loans – Whether you were hurt as a passenger or driver in a rideshare service, we have financial solutions for you.
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 Pennsylvania
LawsuitLoans.io provides funding throughout Pennsylvania. See more about our funding in Pennsylvania by visiting the city pages below:
Other Cases we Fund in Pennsylvania
LawsuitLoans.io provides funding for various personal injury and roadway accident cases in Pennsylvania. Read more about the personal injury cases we fund in Pennsylvania 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 Pennsylvania here: