Lawsuit Loans New York City
If you have been hurt from a car crash in New York City, 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 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 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.
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 your 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 NYC with a lawsuit cash advance within 24-48 hours from when you apply.
What can my case be worth?
For those injured in car accidents in New York City, 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: Battery Park City, Bellevue, Bowery, Central Park, Chelsea, Chinatown, City Hall, Civic Center, East Harlem, East Village, Garment District, Gramercy Park, Flatiron, Greenwich Village, Hamilton Grange, Hamilton Heights, Harlem, Hell's Kitchen, Inwood, Kips Bay, Lenox Hill, Little Italy, Lower East Side, Manhattanville, Midtown, Morningside Heights, Murray Hill, NoHo, Nolita, Peter Cooper Village, Roosevelt Island, Seaport, Soho, St. Nicholas Terrace, Stuyvesant Town, Sutton Place, Tribeca, Tudor City, Turtle Bay, Two Bridges, Union Square, Upper East Side, Upper West Side, Washington Heights, West Village and Yorkville.