New Jersey Government 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 Government Vehicle Accident Loans in New Jersey
Government Vehicle Accident Loans are financial resources available to victims of car accidents involving government vehicles in New Jersey. If you have been injured due to an accident with a government vehicle, you may be entitled to this form of pre-settlement funding.
A car accident loan is not a traditional loan but rather a cash advance on the potential settlement from your ongoing lawsuit. This advance can help manage medical bills, living expenses, and other costs that pile up when recovering from an accident injury.
It is important to note that these accident loans are non-recourse, meaning that if you do not win your case or reach a settlement, you owe nothing back. The risk is carried entirely by the lender, not the injured plaintiff.
By applying for a government vehicle accident loan through LawsuitLoans.io, you gain access to funds that can alleviate financial strain while you focus on your recovery and achieving the most favorable outcome in your legal case.
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 New Jersey
If you’re a victim of a car accident in New Jersey, you may need financial support while waiting for a settlement. LawsuitLoans.io offers pre-settlement funding, also known as car accident loans, to help support you during this time. This loan is not based on your credit score but the merit of your case. Below is some key info about car accident loans in New Jersey:
| Average car accident loan amount by LawsuitLoans.io in New Jersey | $12,465.75 |
| Largest car accident loan by LawsuitLoans.io in New Jersey | $108,649.00 |
| Average interest rate in New Jersey | 21.7% |
| Median personal injury verdict in New Jersey | $31,000.00 |
| New Jersey statute of limitations | 2 Years; N.J. Stat. Ann. § 2a:14-1 |
| New Jersey fault laws | New Jersey 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.
Am I Eligible for a Government Vehicle Accident Loan in New Jersey?
If you’ve been in an accident with a government vehicle in New Jersey, you may be wondering if you’re eligible for a lawsuit loan. Here, we will give a brief overview of the eligibility criteria for car accident lawsuit loans.
Typically, any claim involving a government vehicle involves a self-insured or substantially insured entity. This means that the organization or individual that owned the vehicle has enough insurance to cover potential losses from lawsuits. So, being involved in such accident can potentially make you eligible for getting a loan.
However, there are other crucial eligibility criteria that you should consider. First, you should have an attorney hired on a contingency basis. A contingency basis means that your attorney only gets paid if you win or settle your case. It’s essential because it ensures that there is a solid legal backing for your case, which makes lending companies more confident in providing funds.
Secondly, you need to be at least 18 years old. The lawful age of majority in most states, including New Jersey, is 18 and you need to meet this requirement to be legally able to apply and receive a lawsuit loan.
In summary, if you are involved in a car accident with a government vehicle, have an attorney hired on a contingency basis, and are aged 18 or above, you fulfil the basic eligibility criteria for a government vehicle accident lawsuit loan in New Jersey.
Get up to $500,000 With Rates as Low as 2.5% Simple, Monthly
Types of Government Vehicle Accident Claims in New Jersey
When we talk about government vehicle accident claims, it means situations where vehicles owned by the government are involved in accidents. In New Jersey, there are several types of government vehicles that one might encounter on the roads. Below we give a brief overview of some examples.
School Buses
School buses are a common type of government vehicle. These buses transport children to and from school. If these buses are involved in an accident, the injured party may file a claim.
Police Cars
Police vehicles are also government-owned. Accidents involving police vehicles can happen during high-speed chases or other emergency response situations.
Emergency Vehicles
Other emergency vehicles, like ambulances and fire trucks, also fall into this category. These vehicles may be involved in accidents due to their often high-speed and unpredictable nature of operation.
City Buses and Trains
Public transportation options like city buses and trains are also considered government vehicles. Any mishaps involving these vehicles could lead to potential claims.
To conclude, if you are involved in an accident with a government vehicle in New Jersey, it can lead to a legal claim. Remember to contact LawsuitLoans.io for any financial support you may need while your case is being resolved.
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Apply today and get funds in as little as 24 hours!
How Much Money Can I Get From my Government Vehicle Accident Pre-settlement Loan?
Lawsuit loans from LawsuitLoans.io can range from $500 to over $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 up to half of your expected portion of the settlement.
Let’s consider an example. Let’s say you’re a plaintiff in New Jersey dealing with a car accident case. The estimated value for this case is around $300,000. Your case will not reach a conclusion in the near future. Generally, medical providers tend to receive about a third of the settlement. The attorney also takes home about the same fraction. This would leave you, the plaintiff, with approximately $100,000. In such a scenario, we could advance around 25% of that amount, which equals $25,000.
Cities we Service in New Jersey
LawsuitLoans.io provides funding throughout New Jersey. See more about our funding in New Jersey 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 New Jersey
LawsuitLoans.io provides funding for various personal injury and roadway accident cases in New Jersey. Read more about the personal injury cases we fund in New Jersey 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 New Jersey here: