New York Car 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
Apply in Seconds
Pre-Settlement Funding for Car Accidents in New York
A car accident loan, contrary to its name, isn’t a loan at all. It’s a non-recourse advance on the expected future settlement of a person’s car accident lawsuit. This type of funding, provided by LawsuitLoans.io, is designed to offer financial support to plaintiffs who are waiting for their car accident case to resolve.
Here’s how it works: The plaintiff applies for an advance with LawsuitLoans.io, either via the online application form or by contacting them directly at (800) 340-4973. Once approved, the funds are transferred directly to them.
This advance is then paid back from the proceeds of the plaintiff’s settlement when the legal case is resolved. In case there is no settlement, or the plaintiff loses the case, they are not obligated to pay back the advance. Effectively, this means that car accident loans in New York are risk-free for the plaintiffs.
For instance, let’s consider John, a taxi driver in New York City who was involved in a car accident. As a result of his injuries, he could not work and found himself experiencing financial stress. Through LawsuitLoans.io, John applied for a car accident loan and received an advance on his potential car accident settlement. This advance allowed him to cover his living expenses while he waited for his case to resolve. Without this financial lifeline, John may have felt pressured to accept a lower settlement offer just to end his financial issues quickly.
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 York
If you’ve been involved in a car accident in New York and are waiting for your lawsuit to settle, you may be considering a car accident loan. These loans can provide much needed financial support during this challenging time. Here’s some key information to help you understand more about car accident loans in New York.
| Average car accident loan amount by LawsuitLoans.io in New York | $17,713.29 |
| Largest car accident loan by LawsuitLoans.io in New York | $191,721.27 |
| Average interest rate in New York | 20.6% |
| Median personal injury verdict in New York | $287,628.00 |
| New York statute of limitations | 3 Years; Civil Practice Laws and Rules Art. 2 Section 214 |
| New York fault laws | New York 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.
Get up to $500,000 With Rates as Low as 2.5% Simple, Monthly
Am I Eligible for a Car Accident Loan in New York?
The thought of getting a car accident loan can often bring many questions to the mind, one of them being your eligibility. To be able to qualify for a car accident loan in New York, there are certain criteria that you must meet. The criteria serve as a reliable yardstick to determine if you qualify for this type of pre-settlement funding provided by LawsuitLoans.io.
The first criterion requires you to have a valid legal claim against either an insurance company or a self-insured company. This means that you must be involved in an ongoing lawsuit which arose due to a car accident wherein the fault lies with the other party.
The second eligibility criterion involves retaining the services of an attorney. It’s not enough to merely have a legal case. Your attorney should be working with you on a contingency basis. The essence of this is to ensure that you, the client, only pay your attorney fees if you receive a settlement or judgment in your favor.
Lastly, you must be at least 18 years old in order to apply for a car accident loan. This is a standard requirement set by most funding companies, including LawsuitLoans.io.
If you meet all the above criteria, you stand a good chance of getting approved for a car accident loan in New York. If you want to learn more about this financing service or if you’re ready to apply, kindly contact us at our toll-free line: (800) 340-4973, or fill our online application form located at LawsuitLoans.io funding application.
Roadway Accident Cases we Fund in New York
At LawsuitLoans.io, we fund almost any type of roadway accident case in New York. Here are some examples:
- Bicycle Accident Loans: For those injured while biking on New York’s streets.
- Car Accident Loans: Funding available for victims of car accidents in New York.
- Commercial Vehicle Accident Loans: If you are harmed by a commercial vehicle, we can provide financial support.
- Government Vehicle Accident Loans: Even if your accident involved a government vehicle, we may be able to help.
- Motorcycle Accident Loans: Motorcyclists hurt in accidents can also apply for funding.
- Pedestrian Accident Loans: If you were struck as a pedestrian, we offer loans that may assist you financially.
- Rideshare Accident Loans: Those involved in accidents with rideshare vehicles can apply for funds.
- Semi-Truck Accident Loans: Victims of semi-truck accidents can benefit from our financial support.
Get Started
Apply today and get funds in as little as 24 hours!
How Much Money Can I Get From my Car Accident Pre-settlement Loan?
Lawsuit loans from LawsuitLoans.io can vary greatly in amount. They range from as little as $500 to as much as $1,000,000 or more. We can provide an upfront payment equal to 25% of your projected settlement if your case is currently ongoing. If your case has already reached a resolution, we can offer up one-half of the anticipated share of your settlement.
Let’s consider an example. Suppose you are a plaintiff in New York involved in a car accident lawsuit. The projected value of the case is $50,000 but it is far from a resolution. In general, after considering fees for medical services and attorney charges, which often amount to around two-thirds of a settlement, you would be left with approximately $17,000.
At LawsuitLoans.io, we could offer an advance equivalent to about 25% of that $17,000. This means you could receive a pre-settlement loan of around $4,250 bringing you financial relief as your case progresses.
Major Cities we Serve in New York
LawsuitLoans.io is proud to offer funding support to all plaintiffs in New York, from the bustling streets of New York City to the serene landscapes of upstate. Here are the top 10 cities by population in New York that we serve:
- New York City
- Buffalo
- Rochester
- Yonkers
- Syracuse
- Albany
- New Rochelle
- Mount Vernon
- Schenectady
- Utica
Remember, even if your city is not listed, LawsuitLoans.io provides funding for residents in all cities in New York and nationwide. To apply for funding, click here.
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 York
LawsuitLoans.io provides funding for various personal injury and roadway accident cases in New York. Read more about the personal injury cases we fund in New York 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 York here: