Lawsuit Loans The Bronx
If you have been been injured by a car accident in the Bronx, Bridgeway Legal Funding can provide the cash you need today while you wait for your lawsuit settlement. An advance on your car accident lawsuit is known as pre-settlement funding, legal funding or more commonly as a “lawsuit loan”.
What is a Lawsuit Loan?
A lawsuit loan is an advance on the potential settlement winnings of your injury lawsuit. If approved, Bridgeway can give you $1,000 - $50,000 of cash now and your attorney will pay it back at the end of your case. The best part is that this type of funding is 100% risk-free. The money is risk-free because the money you borrow only needs to be re-paid if you receive a settlement. It requires no credit check or payments before your case settles.
Why take a lawsuit loan?
Taking an advance on your car accident lawsuit allows you to catch up on bills or other expenses that have piled up after your accident. The legal process is exceedingly slow and often takes far longer than expected before you will receive your full deserved compensation. An advance on your case provides essential money to avoid being forced into a lesser settlement because you cannot afford to wait. The best part of a “lawsuit loan” is that if you do not receive a settlement from your accident, you do not have to repay the money you were advanced!
How does the process work?
The application process is quick and easy. Apply today either by submitting an application on our website or by phone call to (800) 531-4066. Once you apply, our team will give you a brief telephone interview on how your accident happened, request the appropriate documents from your attorney’s office and then let your know how much of a case advance we can offer you. In most cases, Bridgeway can provide residents of The Bronx with a lawsuit cash advance within 24-48 hours from when you apply.
Why use Bridgeway?
Unlike most all other funders in the lawsuit loan industry, Bridgeway offers funding at a non-compounding rate. A compounding rate is one that will continue to increase at a higher amount the longer your case goes. A non-compounding rate is one rate remains the same through-out, or continues on a “straight-line”.
For example, a client who received a $5,000 advance from Bridgeway and repaid it after 18 months would save 20% or roughly $1,700 in costs compared to a funder who is charging compounding interest!
What can my case be worth?
For those injured in car accidents in The Bronx, the minimum insurance policy limits in the State of New York are $25,000/$50,000. This means that all drivers are mandated to carry at least that much insurance on their vehicle. The $25,000 refers to the maximum insurance policy per injured occupant and the $50,000 refers to the total policy for all injured occupants in the crash. Insurance policy limits are a very important factor in motor vehicle accident lawsuits because that establishes the maximum amount of money one can hope to receive in their settlement. While a 25/50 policy is the state minimum, often drivers will opt for a higher limits policy, so it is very important to find out the insurance policy limits associated with your car accident lawsuit to have a better idea of what you can potentially be compensated in your settlement.
Is funding available in my area?
Bridgeway can provide a cash advance to those in: Bathgate, Baychester, Bedford Park, Belmont, Bronx Park South, Bronx River, Bronxdale, Castle Hill, City Island, Claremont, Clason Point, Concourse Village, Coop City, Country Club, Crotona Park, Crotona Park East, East Concourse, East Tremont, Eastchester, Edenwald, Edgewater Park, Fieldston, Fishbay, Fordham, Harding Park, Highbridge, Hunt's Point, Jerome Park, Kings Bridge, Laconia, Locust Point, Longwood, Marble Hill, Melrose, Morris Heights, Morris Park, Morrisania, Mott Haven, Mount Eden, Mount Hope, Norwood, Ollinville, Park Stratton, Parkchester, Pelham Bay, Pelham Bay Park, Pelham Gardens, Pelham Parkway, Port Morris, Riverdale, Schuylerville, Silver Beach, Soundview, Soundview Bruckner, Spencer Estates, Spuyten Duyvil, Throgs Neck, Unionport, University Heights, Van Cortlandt Park, Van Nest, Wakefield, Westchester, Westchester Square, Williamsbridge, Woodlawn, and Woodstock.