What Is Motor Vehicle Accident Legal Funding?
Motor vehicle accident legal funding is a non-recourse cash advance for plaintiffs with an active or resolved auto accident claim. The review considers case liability, insurance coverage, damages, medical treatment, attorney representation, and expected recovery.
Uses for Motor Vehicle Accident Pre-Settlement Funding
- Vehicle repairs, transportation, gas, and rides to medical appointments
- Rent, mortgage, utilities, groceries, and household bills
- Medical care, physical therapy, prescriptions, and co-pays
- Lost wages or income gaps while recovering from injuries
What Happens if I Do Not Win?
With non-recourse funding, repayment is tied to a successful case recovery. If an eligible motor vehicle accident claim does not recover compensation, repayment is not owed from your personal funds.
How Motor Vehicle Accident Funding Differs From a Loan
A loan usually requires credit approval and monthly payments. Motor vehicle accident funding is evaluated around the strength and value of the claim, and repayment happens from proceeds after a successful settlement, award, or verdict.
Qualifications for Motor Vehicle Accident Funding
- An auto accident claim with potential recovery value
- Attorney representation
- Available case, insurance, treatment, or settlement information
- A need for funds before final case disbursement