Massachusetts Car Accident Loans

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  • 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 Massachusetts

    A car accident loan, also referred to as legal funding or a pre-settlement advance, is a type of financial aid provided to plaintiffs involved in car accident lawsuits. As the name suggests, these loans are specifically designed for individuals who are awaiting resolution of their legal case. The key feature of a car accident loan is that it is a non-recourse advance. This means that the repayment of the loan is entirely contingent on the success of the plaintiff’s court case.

    If the case is won, the plaintiff repays the loan from the settlement amount received. If the case is not successful, the plaintiff does not need to return any portion of the loan. Essentially, a car accident loan is an advance on a plaintiff’s expected future car accident settlement.

    For instance, consider an individual involved in a serious car accident in Massachusetts. Due to their injuries, they might be unable to work and therefore have no income to support themselves while waiting for their legal case to resolve. A car accident loan can provide this individual with the necessary financial support during this period. The funds can be used to cover living expenses, medical bills, and other immediate needs.

    In summary, car accident loans in Massachusetts provide plaintiffs with much needed financial aid while they pursue justice for their damages.

    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.

    Telephone Icon - Starting the process is easy, just apply online or call toll free

    Apply Online or Call Toll-Free

    Apply online or call us toll-free at (866) 594-1343. Submitting your application takes minutes.

    Review Icon - We quickly review your legal case.

    We Review Your Case

    Next, we contact your law firm and collect basic information to review your case. Review only takes a few hours.

    Money Bag Icon - Once we approve your case, you and your attorney sign the contract and you get cash the same day

    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 Massachusetts

    Understanding the specifics of car accident laws in your state is crucial. If you’re a victim in Massachusetts, for instance, you may be entitled to financial compensation. Moreover, taking a car accident loan can provide the funding you need while you await your case’s resolution. Herein is vital statistical data regarding these loans in Massachusetts.

    Average car accident loan amount by LawsuitLoans.io in Massachusetts $34,649.00
    Largest car accident loan by LawsuitLoans.io in Massachusetts $134,795.00
    Average interest rate in Massachusetts 18.5%
    Median personal injury verdict in Massachusetts $31,000.00
    Massachusetts statute of limitations 3 years; Mass. Ann. Laws Ch. 260 Section 1
    Massachusetts fault laws Massachusetts 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 Massachusetts?

    Car accident loans offer financial relief to those embroiled in legal battles. They help bridge the gap between the onset of a lawsuit and its resolution, providing much-needed funds during a trying time. With a car accident loan, plaintiffs can continue living their life without worrying about immediate financial constraints caused by their case. But, not everyone is eligible for this loan. Certain conditions and criteria apply in Massachusetts.

    The crucial criteria for eligibility include:

    • A valid legal claim against an insurance company or self-insured entity.
    • Having an attorney on board, hired on a contingency basis, meaning, your attorney gets paid only if you win the case.
    • The applicant needs to be at least 18 years old. This is because minors cannot legally enter into contract agreements.

    If you meet these core eligibility criteria for a car accident lawsuit loan in Massachusetts, you are a step closer to obtaining the financial support you need.

    Get up to $500,000 With Rates as Low as 2.5% Simple, Monthly

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    Roadway Accident Cases we Fund in Massachusetts

    We fund almost any type of roadway accident in Massachusetts. Listed below are the funding options available:

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    Apply today and get funds in as little as 24 hours!

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    How Much Money Can I Get From my Car Accident Pre-settlement Loan?

    Lawsuit loans provided by LawsuitLoans.io range from $500 to over $1,000,000. If your case is ongoing, we have the ability to advance up to a maximum of 25% of your prospective share of the settlement. If your case has been settled, we can offer up to 50% of your expected share of the settlement.

    Let’s consider the case of a plaintiff residing in Massachusetts involved in a car accident with an estimated case value of $50,000. The case hasn’t been settled and might take some time. Usually, medical providers receive approximately one third of the settlement. The attorney handles another one third of the settlement. This leaves the plaintiff with an expected portion of around $17,000.

    At LawsuitLoans.io, we can advance an approximate 25% of the plaintiff’s portion. In this example, this equates to around $4,250.

    Major Cities we Serve in Massachusetts

    If you’re from Massachusetts and are in the middle of a personal injury lawsuit, LawsuitLoans.io is here to help. We provide pre-settlement funding services not just for residents in these top 10 major cities by population, but also across the state and nation:

    • Boston
    • Worcester
    • Springfield
    • Lowell
    • Cambridge
    • New Bedford
    • Brockton
    • Quincy
    • Lynn
    • Fall River

    To start your application process, visit our LawsuitLoans.io funding application or give us a call at (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.

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    Cities we Service in Massachusetts

    LawsuitLoans.io provides funding throughout Massachusetts. See more about our funding in Massachusetts by visiting the city pages below:

    Other Cases we Fund in Massachusetts

    LawsuitLoans.io provides funding for various personal injury and roadway accident cases in Massachusetts. Read more about the personal injury cases we fund in Massachusetts here:

    Read more about the roadway accident claims we fund in Massachusetts here:

    Get up to $500,000 With Rates as Low as 2.5% Simple, Monthly

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