Michigan Semi Truck 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 Semi-Truck Accident Loans in Michigan
Semi-truck accident loans are a type of financial aid provided to plaintiffs who have pending semi-truck accident lawsuits. These loans are designed to support individuals as they await their legal case resolution.
Also known as pre-settlement funding, these loans are non-recourse, which means that the borrowed amount is only repaid if the plaintiff wins their case or reaches a successful settlement. If they fail to secure a favorable judgment or settlement, there’s no obligation to repay the advance.
Let’s take an example: meet Harold, a Michigan resident who was unfortunate enough to be involved in a semi-truck accident. As Harold files his lawsuit and waits for the result, he might face numerous financial pressures. Medical bills, living expenses, loss of income due to injury – it all starts to add up. That’s where a semi-truck accident loan comes into play.
Harold applies for the loan with a company like LawsuitLoans.io, and upon approval, he receives a cash advance. This allows Harold to keep his life on track financially while his lawsuit proceeds. If Harold wins his case or settles favorably, the loan amount plus agreed-upon fees are paid back from the settlement funds. However, if he doesn’t win, Harold owes nothing back.
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.
Types of Semi-Truck Accident Claims in Michigan
Every year in Michigan, countless individuals become victims of semi-truck accidents. These events can turn lives upside down and result in severe damages, injuries or even fatalities. They mostly occur due to traffic violations, mechanical defects, weather conditions, and driver sleep deprivation.
For instance, overtaking accidents generally take place when a semi-truck driver attempts to pass another vehicle while driving at high speed. This situation becomes more dangerous if the truck’s maneuvering space is limited or other smaller vehicles are close by on the road.
Rollover accidents represent another common type of semi-truck incidents. When trucks move at high speeds, lose control, or carry imbalanced loads, they risk tipping over. This situation is especially risky for other motorists who might get crushed under the rolling truck.
The scenarios likerear-end collisions usually occur when the truck driver fails to maintain a safe distance from the vehicle ahead. The mass and size of these trucks can make these collisions more devastating than the usual car accidents.
Michigan follows a no-fault law system. This means that irrespective of who is at fault, your own insurance company covers your injury expenses after an accident. However, if someone else’s negligence caused serious injury or death, you could file a lawsuit against them.
In conclusion, the circumstances surrounding your accident will significantly affect the potential outcome of your lawsuit in Michigan. If you’ve been involved in a semi-truck accident, consider consulting with a lawyer to help navigate the daunting legal process. Remember, at LawsuitLoans.io, we’re always here to help with pre-settlement funding during these challenging times.
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 Semi-Truck Accident Loan in Michigan?
If you are a victim of a semi-truck accident in Michigan and need financial help during the course of your lawsuit, LawsuitLoans.io is here to assist. We present an easy-to-understand set of criteria that determines eligibility for our semi-truck accident lawsuit loans.
The primary requirements include having a valid legal claim against an insurance company or a self-insured company. This means that there should be verifiable proof of the injury you sustained in the accident, and you are in the process of seeking compensation from the responsible party’s insurance company or the company itself if they are self-insured.
Additionally, an attorney must represent you on a contingency basis. A contingency agreement is when your lawyer agrees to be paid only if they win your case. It signifies that your lawyer believes in your claim’s strength, which contributes immensely to your eligibility.
Lastly, the applicant must be at least 18 years old. LawsuitLoans.io only lends to adults who can legally enter agreements.
Please remember that eligibility does not guarantee approval, as the decision is based on the specifics of your legal claim. However, meeting these requirements significantly increases your chances of getting an approval for our semi-truck accident loan in Michigan.
Get up to $500,000 With Rates as Low as 2.5% Simple, Monthly
Roadway Accident Cases we Fund in Michigan
At LawsuitLoans.io, we provide funding for those with legal claims stemming from a wide range of roadway accident cases in Michigan. Here are some of the types of cases we fund:
- Bicycle Accident Loans:: Obtaining a personal injury lawsuit loan can help you cover your expenses while waiting for your bicycle accident claim to settle.
- Car Accident Loans: A pre-settlement loan can give you financial relief while you wait for your car accident case to resolve.
- Commercial Vehicle Accident Loans: A commercial vehicle accident lawsuit loan can help ease the financial burden while awaiting the resolution of your case.
- Government Vehicle Accident Loans: Government vehicle accidents often require extended litigation. We offer lawsuit loans to keep you afloat financially during this period.
- Motorcycle Accident Loans: LawsuitLoans.io provides quick and simple lawsuit loans for motorcycle accident claims.
- Pedestrian Accident Loans: If you’ve been involved in a pedestrian accident, a lawsuit loan can assist with your living expenses while your case settles.
- Rideshare Accident Loans: Our pre-settlement funding solutions alleviate the financial stress of victims involved in rideshare accidents.
- Semi-Truck Accident Loans: Semi truck accidents often result in significant damages. Our lawsuit loans can help you cover immediate expenses while you await a settlement.
Get Started
Apply today and get funds in as little as 24 hours!
How Much Money Can I Get From my Semi-Truck 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 of a Michigan plaintiff in a car accident case with a $60,000 estimated value. The case is still in progress and will not settle for some time. As a general rule of thumb, medical providers might be paid around 1/3 of the settlement, say $20,000. The attorney might receive another 1/3 of the settlement. That leaves about $20,000 for the plaintiff.
Under such circumstances, we can advance approximately 25% of the plaintiff’s expected $20,000. This amounts to a $5,000 pre-settlement loan.
Cities we Service in Michigan
LawsuitLoans.io provides funding throughout Michigan. See more about our funding in Michigan by visiting the city pages below:
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.
Other Cases we Fund in Michigan
LawsuitLoans.io provides funding for various personal injury and roadway accident cases in Michigan. Read more about the personal injury cases we fund in Michigan 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 Michigan here: