Rhode Island 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 Rhode Island
A commercial vehicle accident loan, also known as a car accident loan, is a type of legal funding offered by companies like LawsuitLoans.io. This funding serves plaintiffs involved in a car accident case in Rhode Island. It provides necessary funds while they await the settlement of their case.
Car accident loans are non-recourse, which means they are advanced based on the potential outcome of your case. If you win your lawsuit, you’ll pay back the loan out of your settlement. If you don’t win the case, you will owe nothing. This structure makes the loan a risk-free tool for plaintiffs who are facing financial hardship due to car accidents.
The process of obtaining a car accident loan is straightforward. It starts with an application on the LawsuitLoans.io funding application, followed by an evaluation of your case by our team. If the case is deemed strong and likely to result in a favorable settlement, The funds are then dispatched to you promptly. It’s also important to note that a car accident loan is not a traditional loan, but a cash advance against your potential settlement.
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 Rhode Island
If you’re a resident of Rhode Island who has filed a lawsuit due to a car accident, funds might be tight. You can ease your financial stress by applying for a car accident loan with LawsuitLoans.io. The table below provides key numbers and facts, including average loan amounts and interest rates common in Rhode Island.
| Average car accident loan amount by LawsuitLoans.io in Rhode Island | $2,645.00 |
| Largest car accident loan by LawsuitLoans.io in Rhode Island | $8,340.00 |
| Average interest rate in Rhode Island | 21.3% |
| Median personal injury verdict in Rhode Island | $20,906.00 |
| Rhode Island statute of limitations | 3 Years; Title 9 Ch. 1 Section 9-1-14 |
| Rhode Island fault laws | Rhode Island 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.
Get up to $500,000 With Rates as Low as 2.5% Simple, Monthly
Am I Eligible for a Commercial Vehicle Accident Loan in Rhode Island?
If you are involved in a commercial vehicle accident in Rhode Island, you may be wondering if you are eligible for a lawsuit loan. The process is relatively straightforward, and revolves around two primary criteria.
Firstly, every commercial vehicle accident claim involves a high insurance policy or a self-insured entity. This ensures there is a financial backing for any potential settlement that may be claimed through the course of your lawsuit.
The second factor is your legal representation. To be eligible for a lawsuit loan, you must have an attorney who has been hired on a contingency basis. This means your legal professional is only paid if you win your case or secure a settlement. Their fees are then taken out of the money awarded to you in court.
Lastly, you must be at least 18 years old. This is a standard requirement for almost any kind of financial arrangement or contract.
If you meet these criteria, there’s a high chance you are eligible for a commercial vehicle accident loan. For more information, feel free to visit our LawsuitLoans.io funding application.
How Much Money Can I Get From my Commercial Vehicle 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.
Take for example a plaintiff in Rhode Island who was involved in a commercial vehicle accident and has a $500,000 estimated value claim. The case is still in progress and will not be settled for some time. As a general rule of thumb, medical providers get paid around 1/3 of the settlement, the attorney gets another 1/3 of the settlement and as a result, the plaintiff would receive around $170,000. This is where LawsuitLoans.io comes in. We can advance approximately 25% of that amount or $42,500 towards your lawsuit loan.
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Apply today and get funds in as little as 24 hours!
What Types of Commercial Vehicles are Frequently Involved in Cases we Fund in Rhode Island?
In Rhode Island, numerous types of commercial vehicles operate on roads every day. A few of these common vehicles and their specifics are:
- Semi-trucks: These large trucks are often involved in accidents due to their size and the challenges of handling them. Their drivers frequently go through tiring shifts, leading to fatigue-related accidents.
- Delivery vans: Companies like UPS and FedEx use these vehicles to transport goods around the state. Delivery vans tend to be involved in accidents due to the high demands of delivery schedules or inexperienced drivers.
- Taxis: Located usually in urban areas, taxi drivers often deal with stressors of heavy traffic and time crunch, which can lead to speed-related accidents.
- School buses: Although generally considered safe, school buses can still get into accidents. Issues could stem from negligent drivers or vehicle issues that might have been overlooked.
Though many of the cases we fund nationwide include these types of vehicles, LawsuitLoans.io is not limited to these. We fund car accident claims involving any kind of privately or commercially used vehicle. No matter what type of vehicle was involved in your case, feel free to apply for funding. We are here to help.
Roadway Accident Cases we Fund in Rhode Island
At LawsuitLoans.io, we provide funding for nearly all types of roadway accidents in Rhode Island. Here are some specific cases we cover:
- Bicycle Accident Loans: We offer loans for individuals involved in bicycle accidents.
- Car Accident Loans: Our company is happy to help if you’ve been injured in a car crash.
- Commercial Vehicle Accident Loans: We fund cases involving commercial vehicle accidents.
- Semi Truck Accident Loans: If you’re a victim of a semi-truck accident, we’ve got you covered.
- Government Vehicle Accident Loans: We can assist if you have been in an accident with a government vehicle.
- Motorcycle Accident Loans: We provide funding for motorcycle accidents cases.
- Pedestrian Accident Loans: If you have been hurt as a pedestrian, we can help.
- Rideshare Accident Loans: We offer funding for victims of rideshare accidents.
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 Rhode Island
LawsuitLoans.io provides funding throughout Rhode Island. See more about our funding in Rhode Island by visiting the city pages below:
Other Cases we Fund in Rhode Island
LawsuitLoans.io provides funding for various personal injury and roadway accident cases in Rhode Island. Read more about the personal injury cases we fund in Rhode Island 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 Rhode Island here: