Mississippi 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 Mississippi
A car accident loan, simply put, is a pre-settlement funding option for people involved in vehicle accidents. It’s not really a loan in the traditional sense; it’s more like an advance on your potential car accident settlement. Individuals who have sustained personal injuries due to commercial vehicle accidents in Mississippi often resort to this financial tool when the litigation process takes longer than anticipated.
When involved in a lawsuit, time is often a crucial element. The legal process can be long and costly, with mounting medical bills and living expenses that add to the challenging situation. With car accident loans, plaintiffs can access funds immediately to help cover these costs while they wait for their case to resolve.
This type of funding is non-recourse, which means if you lose your case, you don’t have to pay back the money. It’s a risk-free option where the repayment occurs only out of a successful settlement or court award. Only upon winning this case, will the advance be repaid to the lender from the proceeds of the settlement. This makes commercial vehicle accident loans a safe and viable option for people struggling financially while waiting for their legal case to close.
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 Mississippi
Car accident loans in Mississippi provide injured victims with a financial lifeline while their case is ongoing. Provided by LawsuitLoans.io, these pre-settlement funds can help cover living expenses and other costs incurred as a result of the accident. It’s essential for you to understand some key data points about these loans in Mississippi:
| Average car accident loan amount by LawsuitLoans.io in Mississippi | $3,888.58 |
| Largest car accident loan by LawsuitLoans.io in Mississippi | $11,530.43 |
| Average interest rate in Mississippi | 22.5% |
| Median personal injury verdict in Mississippi | $31,000.00 |
| Mississippi statute of limitations | 3 years; Mississippi Code Ann. Section 15-1-1 |
| Mississippi fault laws | Mississippi 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 Mississippi?
If you’ve been involved in a commercial vehicle accident in Mississippi and have filed a legal claim, you might be wondering about the eligibility criteria for a lawsuit loan. A lawsuit loan can provide you with the funds you need while your legal case is being resolved.
In order to qualify for a car accident lawsuit loan, two primary factors are considered. The first is whether or not there’s a high insurance policy or a self-insured entity in your claim because such parties are always involved in every commercial vehicle accident claim.
The second factor is based on your legal representation. You must have an attorney working on your case who is hired on a contingency basis. This means your attorney gets paid only if you win your case or secure a settlement.
In addition to these criteria, you should be at least 18 years old to apply for a lawsuit loan.
So, if you meet these conditions and need financial support during your legal battle, a car accident lawsuit loan could be a great option for you.
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?
LawsuitLoans.io provides lawsuit loans that can range anywhere from $500 up to over $1,000,000. Whether your case is still in progress or has been settled will determine the maximum amount we can advance. For ongoing cases, we can provide you with an advance of up to 25% of the portion of the settlement you expect to receive. However, if your case has already been settled, we can offer up to 50% of your expected portion of the settlement.
Let’s take an example to better illustrate our service. Assume a plaintiff from Mississippi involved in a commercial vehicle accident. The estimated value claim for this accident falls around $500,000. Nonetheless, the case is still not settled and may take a while to resolve. Generally, medical providers are paid around 1/3 of the settlement, and another 1/3 goes to the attorney. This leaves the plaintiff with an expected sum of about $170,000. LawsuitLoans.io, in this case, could advance approximately 25% of that amount, equal to $42,500.
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What Types of Commercial Vehicles are Frequently Involved in Cases we Fund in Mississippi?
In Mississippi, a variety of commercial vehicles are commonly involved in cases we fund. Here’s a list of the common types and some useful information about them:
1. Semi-Trucks
These large trucks often transport goods long distances. Due to their size, accidents involving semi-trucks can lead to severe damage and injuries.
2. Delivery Vans
Delivery vans are another type of commercial vehicle frequently involved in accidents. These vehicles do local deliveries and can be involved in accidents due to the urgency of their schedules and the routes they take.
3. Taxis and Rideshare Vehicles
Taxis, Uber, and Lyft cars are commercial vehicles too. They carry passengers from one place to another. Unfortunately, accidents involving these vehicles can also occur due to several reasons like distracted driving or high speed.
4. Buses
Buses, whether they’re public transport or tour buses, are also considered commercial vehicles. Accidents involving buses can have a significant impact, especially if multiple passengers are on board at the time of the accident.
While many lawsuits we fund nationwide involve these types of vehicles, it’s important to remember that we also fund car accident claims involving any kind of privately or commercially used vehicle. No matter the type of vehicle involved in your incident, LawsuitLoans.io is here to assist you with the financial support you need while waiting for your case to resolve.
Roadway Accident Cases we Fund in Mississippi
At LawsuitLoans.io, we provide funding for a variety of roadway accident cases in Mississippi. Here are just a few:
- Bicycle Accident Loans: If you’ve been injured while on a bicycle and need financial help while waiting for your claim to be resolved, we can assist with a loan.
- Car Accident Loans: Car accidents can result in significant expenses. With our loans, we aim to ease your financial burden as you await your lawsuit’s resolution.
- Commercial Vehicle Accident Loans: Commercial vehicle accidents can be complex. While your legal case unfolds, we can provide the funding you need.
- Semi Truck Accident Loans: Semi truck accidents often result in serious injuries. Our pre-settlement funding can support you financially during this challenging time.
- Government Vehicle Accident Loans: Pursuing legal action after a government vehicle accident? We offer pre-settlement funding to help you manage your finances.
- Motorcycle Accident Loans: Motorcycle accidents can devastate your financial situation. While you wait for your case to settle, our loans can provide financial relief.
- Pedestrian Accident Loans: Pedestrian accidents often involve serious injuries. Our loans can help ease your financial stress while you wait for your case resolution.
- Rideshare Accident Loans: Were you involved in a rideshare accident? We provide funding as you await the resolution of your legal claim.
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 Mississippi
LawsuitLoans.io provides funding throughout Mississippi. See more about our funding in Mississippi by visiting the city pages below:
Other Cases we Fund in Mississippi
LawsuitLoans.io provides funding for various personal injury and roadway accident cases in Mississippi. Read more about the personal injury cases we fund in Mississippi 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 Mississippi here:
Get up to $500,000 With Rates as Low as 2.5% Simple, Monthly
Does LawsuitLoans.io Directly Fund Cases in Mississippi?
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 Mississippi.