Virginia Car Accident Settlement Loans
When car accident victims can’t wait for their pending lawsuit to settle, they sometimes rush into accepting settlement compensation that’s far less than what they deserve. If you’ve suffered a car accident in Virginia, don’t settle for less, let Bridgeway Legal Funding help you get the cash you need while you wait for your attorney to fight for the full value of your case.
In the state of Virginia, 2020 statistics show that 144 people are injured every day in a motor vehicle accident. Still, insurance companies often try to pay out the least amount of money possible after a car accident. If you’re waiting on a settlement, it could take months or even years after your accident to see that money. If you’re injured or need a new car, you don’t have time to waste. That’s why the team at Bridgeway Legal Funding makes it easy to get the money you need, now. We believe you shouldn’t have to struggle to stay afloat just because the legal system is so slow.
Recovering after a car accident is stressful, especially if you’ve been injured, your car’s been wrecked, and you’re waiting on money you need to get by. When you opt for legal funding, you can get cash now before your case settles, so you can pick up the pieces faster after a bad accident. Bridgeway Legal Funding can help you get a non-recourse cash advance, also known as “Lawsuit Loans”, based on the estimated value of your injury settlement and, best of all, if your case is unsuccessful, you don’t have to pay back the money.
How does a Lawsuit Loan work?
A lawsuit loan or non-recourse cash advance is a risk-free way of getting funding you need now after an accident. Since the funding is non-recourse, it means if you don’t win your case, you don’t pay anything back. The process for applying for an advance is very quick and simple.
- Contact our team by phone, send us an email, or submit an application here.
- We’ll reach out to your law firm, gather case documents, and review the value of your case..
- You’ll know if you’re approved within 24 hours. There’s no background or credit check required.
- If approved, we can overnight ship your check through UPS, wire transfer funds directly to your bank account or send a Western Union immediately upon signing the contract.
What information do I need to apply for a lawsuit loan in Virginia?
This special type of cash advance is intended for plaintiffs who have filed a car accident or personal injury lawsuit claim. In the state of Virginia, there is a two year statute of limitations on filing this kind of lawsuit. This means, you have two years from the date of your car accident to contact a lawyer and process a claim. After you’ve completed that step, you’re ready to contact Bridgeway Legal Funding about getting a non-recourse car accident cash advance on your settlement. All you need is an active car accident lawsuit in Virginia, and a few moments to chat with our team on the phone.
How much of a cash advance can I receive after a car accident in Virginia?
Since every lawsuit is different, the amount of money you can be advanced varies. We try our best to estimate the value of your potential injury settlement, every car accident in Virginia occurs under different circumstances. The potential value of your case is calculated by reviewing the factors below:
- Damages: Financial damages include the cost of your medical treatment, the repair of your vehicle, and the sum of your lost wages.
- Liability: Determining who’s at fault in the case will impact the amount of money that can be advanced.
- Insurance: The amount of insurance coverage available for your claim to be recovered will also be a factor in determining your cash advance dollar amount.
We typically approve cash advances of 10-20% of the estimated value of your case. For example, you may be expecting a $50,000 settlement. If so, Bridgeway may be able to offer you a $5,000-10,000 pre-settlement advance.
What are the minimum insurance coverage requirements in Virginia?
Effective January 1, 2022, the state of Virginia raised the minimum financial responsibility limits for all motor vehicle policies to $30,000 for bodily injury to one person in any one accident, and $60,000 for bodily injury to two or more persons. In order to register and drive your vehicle in Virginia, you are required to at least purchase the auto coverages and limits shown above.
The amount of insurance coverage available for your claim will be an important determining factor in your eligibility to receive a non-recourse cash advance on your settlement. If you have questions about your insurance coverage, the team at Bridgeway Legal Funding can help you sort this out.
Why should I work with Bridgeway Legal Funding?
We’re trusted, fast, and offer funding at a lower rate than nearly any other auto accident lawsuit company in the industry. As a direct funder of loans for car accident victims, we cut out the middle man, saving you on unnecessary fees you don’t need to pay. Learn more here.
Have you been injured in a car accident in Virginia? Call (800) 531-4066 to get your car accident settlement advance today.