Virginia 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 Virginia
A car accident loan, also known as a pre-settlement loan, is a type of financial help provided to plaintiffs involved in a car accident case. It is a non-recourse advance, meaning you don’t have to pay back if you lose your case. The money derives from your future settlement reward.
Here’s how it works: after suffering injury or damage in a car accident, you may lodge a legal claim against whoever is at fault. But, these cases can take a while to resolve. During this time, you might face financial pressures from medical bills, lost wages, and other living costs. This is where car accident loans come in handy. They provide cash upfront to cover these expenses while your lawsuit concludes. The ‘loan’ then gets paid back from your settlement award. If you don’t win your case, you owe nothing.
For instance, imagine one day you’re involved in a car accident caused by another party’s negligence. You have to quit your job for a while because of your injuries, running up medical expenses. Yet, the bills keep coming in. A car accident loan from a company like LawsuitLoans.io can bridge this gap, eliminating financial stress during your case’s resolution. Once you obtain your settlement, you will then use part of those funds to pay back 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.
Key Information About Car Accident Loans in Virginia
Car accident loans in Virginia are a financial relief to plaintiffs involved in personal injury lawsuits. Such loans provide funds to meet immediate financial needs while waiting for the case to resolve. This table below shows specifics about car accident loans, including the average loan amount, largest loan, interest rates, median legal results, and more.
| Average car accident loan amount by LawsuitLoans.io in Virginia | $6,458.00 |
| Largest car accident loan by LawsuitLoans.io in Virginia | $32,695.00 |
| Average interest rate in Virginia | 21.0% |
| Median personal injury verdict in Virginia | $24,720.00 |
| Virginia statute of limitations | 2 Years; Title 8.01 Section 8.01-243 |
| Virginia fault laws | Virginia 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 Car Accident Loan in Virginia?
Do you wonder if you are eligible for a car accident loan in Virginia? It’s simple. There are certain criteria you must meet to be eligible.
The first eligibility criterion is having a valid legal claim. This means that you must have filed a lawsuit against an insurance company or a self-insured company seeking damages for injuries sustained in a car accident.
Secondly, you should have an attorney working on your case on a contingency basis. This means that the attorney is paid from the proceeds of the settlement or judgment, not upfront from the client’s pocket.
Lastly, you must be at least 18 years old. Minors are generally not qualified to apply for car accident lawsuit loans.
If you meet all these conditions, you may well be on your way to receiving a lawsuit loan.
Roadway Accident Cases we Fund in Virginia
We at LawsuitLoans.io fund almost any type of roadway accident cases in Virginia. Below is a list of some specific types of cases we fund:
- Bicycle Accident Loans: We provide funds for bicycle accident cases. If you’ve been hurt on a bike, we can help.
- Car Accident Loans: Our funding options cover car accident cases. Don’t let costs stack up while you wait for the resolution.
- Commercial Vehicle Accident Loans: We also fund commercial vehicle accidents. We understand these require extensive funds.
- Government Vehicle Accident Loans: Lawsuits against the government may take time. Our funds can ease your burden meanwhile.
- Motorcycle Accident Loans: Involved in a motorcycle accident? We have loans for that too.
- Pedestrian Accident Loans: Pedestrian accident cases are often serious. Seek our assistance for right funding.
- Rideshare Accident Loans: We fund cases involving rideshare vehicles. We can help you bridge the gap.
- Semi-Truck Accident Loans: Semi-truck accident cases are high-cost. We provide loans that suit your needs.
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 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.
Let’s give an example in which a plaintiff in Virginia that has a car accident case with a $50,000 estimated value. The case is still in progress, so it will not settle for some time. As a general rule of thumb, medical providers get paid around 1/3 of the settlement, and the attorney receives another 1/3 of the settlement. As a result, the plaintiff would receive around $17,000. We can advance approximately 25% of that amount, or $4,250.
Major Cities we Serve in Virginia
At LawsuitLoans.io, our goal is to help as many people as possible. We provide funding for residents in all areas of Virginia and nationwide. Here are the top 10 cities in Virginia by population that we serve:
- Virginia Beach
- Norfolk
- Chesapeake
- Arlington
- Richmond
- Newport News
- Alexandria
- Hampton
- Roanoke
- Portsmouth
Remember, no matter where you’re located, LawsuitLoans.io is ready to assist with your pre-settlement funding needs.
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 Virginia
LawsuitLoans.io provides funding throughout Virginia. See more about our funding in Virginia by visiting the city pages below:
Other Cases we Fund in Virginia
LawsuitLoans.io provides funding for various personal injury and roadway accident cases in Virginia. Read more about the personal injury cases we fund in Virginia 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 Virginia here: