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Most of us are familiar with loans taken from banks for a variety of purposes. However, many of us are still not acquainted with the concept of ‘car lawsuit loans’ or ‘funding for car accident lawsuits’.

Let us move forward and explore some of the general info that you should know about car lawsuit loans. 

What Are Car Lawsuit Loans? Are They Similar to Regular Loans?

Car lawsuit loans are not your bank loans or loans that you may get from a loan shark.

Instead, car lawsuit loans refer to funding that you get so you can manage your expenses until you receive your settlement from your car accident lawsuit.

Usually, after an accident, you have to bear with medical expenses, repair expenses and even loss of salary/wages, if you suffer from a disability.

As such, car lawsuit loans help you in managing all such expenses because lawsuits can stretch up to years and it may be a long time before you get your settlement. 

What Types of Accidents Do These Car Lawsuit Loans Cover?

  • Most companies tend to cover all types of auto accidents, including:
  • Taxi accidents
  • Ride sharing accidents such as Uber/Lyft accident
  • Motorcycle or bike accidents
  • Bus accidents
  • Recreational Vehicle (RV) accidents

Car lawsuit loans can assist you with your medical expenses for a number of injuries, which you may have sustained during the accident. Some of those injuries include:
  • Spinal cord and back injuries
  • Disfigurement and scarring
  • Soft tissue injuries
  • Traumatic brain injuries (TBI)
  • Burns
  • Herniated disks
  • Amputations
  • Bone fractures

How do Car Lawsuit Loans Work? Is There A Long Process?

Depending on the company, you will have to check your eligibility criteria and provide some basic information such as the details of your lawsuit.

You can have a short conversation, even as short as around 5 minutes and you will not be required to show your employment or credit history.

Once all of that is done, you can even get your settlement the same day within 24 hours. You can spend the loan any way you want on your necessary expenses. You will not have to worry about being asked the way you will spend the loan. Once you receive it, it becomes your money and you can choose to spend it on anything that you consider necessary.

The best part about car lawsuit loans is that you will not have to pay back the loan if you do not receive your settlement.

Paying back your loan is only necessary if you DO win your lawsuit and get your settlement. However, if unfortunately, you lose your settlement, you will not be liable for paying the loan back.

Get Your Car Lawsuit Loan Within 24 Hours Today!

Browse from the available car accident settlement loans from Delta Lawsuit Loans and get in touch with them to find out if you are eligible. You can receive the approval and get your funding in your hands within the same day i.e. as short as 24 hours.