Minnesota Semi Truck 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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What Are Semi-Truck Accident Loans in Minnesota
A semi-truck accident loan, also referred to as legal funding, is an advance that a plaintiff can receive based on a future settlement from a lawsuit. These loans are primarily used by plaintiffs who were involved in a semi-truck accident in Minnesota and currently have a case underway.
Legal funding works in a fairly simple way: Once the plaintiff submits a loan application, the funding company then reviews the details of the case. If the case is deemed strong, the company provides an advance on the likely settlement amount.
Semi-truck accident loans are non-recourse in nature. This means that if the plaintiff does not win their case, the funding company cannot seek repayment for the advanced funds. So there is no risk to the plaintiff.
Consider a hypothetical scenario where Natalie is a plaintiff. She was involved in a semi-truck accident and is currently awaiting her settlement. The court proceedings could take months, even years, to get resolved. During this waiting period, Natalie might struggle financially. This is the situation where a semi-truck accident loan comes into play. Natalie applies for legal funding through LawsuitLoans.io and uses this advance to sustain herself financially until she receives her settlement from the lawsuit. In case Natalie’s case does not succeed, she is not obligated to repay the loan.
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 Minnesota
Semi-truck accidents can have devastating impacts. Often these accidents occur due to factors such as poor vehicle maintenance, driver fatigue, and unsafe road conditions. Let’s dive into a few examples:
- Jackknife Accidents: This type of accident occurs when the trailer of a semi-truck skews at an angle to the cab, forming a “V” or “L” shape. A leading cause is abrupt braking or speeding on slippery roads.
- Rollover Accidents: A rollover happens when the truck tips over onto its side or roof. They often occur due to high speeds, sudden turns, or carrying loads that are too heavy or unevenly distributed.
- Rear-end Collisions: If a semi-truck fails to stop on time, it can result in a rear-end collision. These are often caused by distracted driving or brake failure.
Understanding fault laws in Minnesota is essential in these cases. Minnesota follows a modified comparative fault law. In this system, if a plaintiff is found to be more than 50% at fault for the accident, they cannot recover damages. Therefore, the circumstances surrounding the accident are crucial in determining the outcome of the lawsuit. It’s highly recommended to seek legal advice following an accident to ensure a fair assessment of fault.
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 Minnesota?
If you’ve been involved in a semi-truck accident in Minnesota and have filed a legal claim, you might be wondering about your eligibility for a lawsuit loan. The primary qualifiers take into account various factors. Mainly, these include having a valid legal claim against an insurance company or a self-insured company, hiring an attorney on a contingency basis, and being at least 18 years old.
Firstly, a valid legal claim is crucial. This means that you must have a pending claim against either an insurance company or a self-insured entity as a result of a semi-truck accident.
Secondly, having an attorney hired on a contingency basis is a prerequisite. In such cases, your attorney only gets paid when you win the case or settle the claim. This lays a strong foundation for your claim, increasing your chances of approval for a lawsuit loan.
Last but not least, you must be 18 years old or older. This is a standard requirement across most legal and financial platforms.
To sum it up, if you meet these primary eligibility criteria, there’s a good chance you could be approved for a semi-truck accident lawsuit loan in Minnesota.
Get up to $500,000 With Rates as Low as 2.5% Simple, Monthly
Roadway Accident Cases we Fund in Minnesota
At LawsuitLoans.io, we provide funding for almost any type of roadway accident in Minnesota. Here, we’ve listed some of the typical cases we can fund:
- Bicycle Accident Loans: We offer loans for bicycle accidents. This covers situations where a cyclist is injured due to a crash or collision.
- Car Accident Loans: If you’ve been involved in a car accident and you’re waiting for your lawsuit to resolve, we can provide you with a loan to help you cover your expenses.
- Commercial Vehicle Accident Loans: We also fund commercial vehicle accidents, such as cases involving delivery trucks, tractor trailers, or other business vehicles.
- Government Vehicle Accident Loans: For accidents involving government vehicles, LawsuitLoans.io can also provide you with the needed funding while you wait for your legal case to be resolved.
- Motorcycle Accident Loans: If you have been injured in a motorcycle accident, we can provide financial support through a pre-settlement loan.
- Pedestrian Accident Loans: We cover instances where pedestrians are injured due to a collision with a vehicle. We can provide loans to help you manage your expenses while waiting for the lawsuit to settle.
- Rideshare Accident Loans: If you’ve experienced a rideshare accident, whether as a driver or passenger, we can support you financially with a loan while your legal case is in process.
- Semi-Truck Accident Loans: Should you be involved in an accident with a semi-truck, look no further. LawsuitLoans.io also provides funding for these kinds of cases.
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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 to over $1,000,000. While your case is still in progress, we can advance up to a maximum of 25% of your expected share of the settlement. For cases that have already been settled, we can offer up to 50% of your expected portion.
Let’s take an example of a plaintiff from Minnesota who had a car accident. The estimated value of his case is $60,000. But the case won’t settle for some time. Medical providers usually receive about 1/3 of the settlement and the lawyer will also get 1/3. That leaves around $20,000 for the plaintiff. In this case, we could advance roughly 25%, or $5,000, of that amount.
Cities we Service in Minnesota
LawsuitLoans.io provides funding throughout Minnesota. See more about our funding in Minnesota 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 Minnesota
LawsuitLoans.io provides funding for various personal injury and roadway accident cases in Minnesota. Read more about the personal injury cases we fund in Minnesota 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 Minnesota here: