Virginia 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 Virginia
If you’ve been in a commercial vehicle accident, you’re likely dealing with ongoing medical treatments, loss of income, and emotional distress. All these can add up quickly and put you under significant financial stress. This is where commercial vehicle accident loans in Virginia come into play.
A car accident loan – also known as a commercial vehicle accident pre-settlement funding – is a non-recourse cash advance provided to plaintiffs while they wait for their case to resolve. “Non-recourse” means that you only repay the loan if you win your case.
This is not a loan in the traditional sense. Instead, think of it more as an advancement on your future settlement from the case. The funding company, like LawsuitLoans.io, buys a portion of your potential settlement. And helps cover your immediate expenses while you wait for your legal case to conclude.
A car accident loan can assist you with living costs, medical bills or any other urgent bills. It can provide much needed breathing space, giving your attorney the time they need to fight for a fair 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 Virginia
Car accident loans in Virginia provide financial help to individuals waiting for their personal injury claims to settle. While you focus on recovery, a loan from LawsuitLoans.io helps cover daily expenses. To help you understand car accident loans better, we’ve compiled some vital information for you in the table below.
| 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 Commercial Vehicle Accident Loan in Virginia?
If you’ve been involved in a commercial vehicle accident in Virginia and are considering a lawsuit loan, it’s important to understand the eligibility criteria. Because every accident involving a commercial vehicle clearly involves either a high insurance policy or a self-insured entity, there are only two additional criteria to consider for eligibility.
The first is your legal representation. You must have an attorney hired on a contingency basis. This means your lawyer agrees to be paid a percentage of your potential settlement, instead of charging you upfront fees.
The second requirement is your age. You must be at least 18 years old to apply for a lawsuit loan.
So, to recap, eligibility for a lawsuit loan in Virginia after a commercial vehicle accident requires:
- Being involved in an accident with a commercial vehicle
- Having a high insurance policy or a self-insured entity involved
- Hiring a lawyer on a contingency basis
- Being at least 18 years old
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 have the ability to advance you up to a maximum of 25% of your expected part of the settlement if your case is still ongoing. In situations where cases have been settled, we may be able to offer 50% of your expected part of the settlement.
Let’s use an example for clarity. Suppose a plaintiff in Virginia is involved in a commercial vehicle accident and has an estimated claim value of $500,000. Their case will not settle for a while. Typically, medical providers are paid around 1/3 of the settlement, and the attorney receives another 1/3 of the remainder. As a result, the plaintiff is likely to receive about $170,000.
At LawsuitLoans.io, we could advance approximately 25% of that amount, which equates to $42,500.
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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 Virginia?
There are several types of commercial vehicles that we commonly see in the cases we fund in Virginia. Here is a brief outline of some of them:
- Delivery Vans: These are used to transport goods to businesses and homes. They often have to navigate tight city streets, which can result in accidents.
- Semi-trucks: These large vehicles are on the road for many hours a day, transporting goods across long distances. The chance of accidents can be higher because of their size and the fatigue of the drivers.
- Taxis and Ride Shares: Drivers of these vehicles often work long hours and drive in heavy traffic, increasing the risk of accidents.
- Public Transport: Buses and trams are commonly involved in road accidents because they share the road with other vehicles and pedestrians.
While these are often the types of vehicles involved in the cases we fund in Virginia, we provide funding for car accident claims involving any type of vehicle, whether privately or commercially used. The most important factor is that you have a claim and need financial support during your legal process.
Roadway Accident Cases we Fund in Virginia
At LawsuitLoans.io, we are committed to supporting your fight for justice. We understand that legal cases can take time to resolve – often longer than a victim’s finances can stretch. But there’s good news; we fund almost any kind of roadway accident claim in Virginia. Here is a list of some of the cases we fund:
- Bicycle Accident Loans: Helping victims of bike accidents on Virginia roads get financial support when they need it.
- Car Accident Loans: Providing pre-settlement funds for victims involved in car accidents.
- Commercial Vehicle Accident Loans: Offering support for individuals who have been injured in accidents involving commercial vehicles.
- Semi Truck Accident Loans: Assisting those affected by semi-truck accidents in managing their finances while awaiting settlement.
- Government Vehicle Accident Loans: Funding cases where you’re seeking compensation due to an accident caused by a government vehicle.
- Motorcycle Accident Loans: Supporting victims of motorcycle accidents as they pursue their legal rights.
- Pedestrian Accident Loans: Helping pedestrians affected by accidents to stay financially secure during their lawsuit.
- Rideshare Accident Loans: Offering financing for those hurt in rideshare accidents, like Uber or Lyft, to help cover costs while waiting for a settlement.
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: