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New Jersey Car Accident Loans

If you have been injured in a car accident and are waiting for your settlement, Bridgeway Legal Funding can advance you the cash you need to stay afloat. The legal process is slow, often plaintiffs of New Jersey are forced to wait 1-2 years from their accident to receive the settlement they deserve,

Getting pre-settlement funding, commonly called “lawsuit loans”, can be a difference maker if you’re out of work due to a car accident injury. With pre-settlement funding in New Jersey, you receive a risk-free cash advance now to pay for the things you need. A lawsuit cash advance only needs to be repaid if your case is successful and you receive a settlement. Bridgeway offers motor vehicle lawsuit loans near you for injures related to car accidents, truck accidents, tractor trailer accidents, and more.

How does the pre-settlement funding process work in New Jersey?

The application process for motor vehicle pre-settlement funding is quick and easy. Apply today either by submitting an application to our website or calling (800) 531-4066. For most applicants, Bridgeway can provide New Jersey lawsuit case advances within 24-48 hours from when you apply. After applying, our knowledgeable team will have a brief telephone conversation with you about your accident.

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To get an accurate estimate for your New Jersey lawsuit loan, we’ll need:

  • Details on how your accident happened
  • Documents from your lawyer’s office

Once we have this information, we will be able to determine how much pre-settlement funding Bridgeway can approve you for. You’ll be emailed a contract to sign electronically. As soon as your contract is completed, Bridgeway can fund your car accident settlement case immediately!

A New Jersey lawsuit loan requires no monthly payments or up-front costs. Rather, after your case is settled, your attorney’s office will re-pay your funding from your settlement money.

What could a car accident be worth in New Jersey?

lump sum or payments.jpgOne of the biggest factors in valuing an injury lawsuit is the insurance policy of the at-fault party. For accidents involving a car registered in New Jersey, the minimum insurance policy limits are $15,000/$30,000. This means that all drivers are mandated to carry at least that much insurance on their vehicle. The $15,000 refers to the maximum insurance policy per injured occupant and the $30,000 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 they establish the maximum amount of money one can hope to receive in their settlement. While a 15/30 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 for your damages

In order to file a motor vehicle lawsuit in the State of New Jersey, your attorney will need to file the lawsuit within 2 years from the date of your accident. This is called the statute of limitations and if you miss this deadline, you will not be able to collect damages for your accident. IT is common for an insurance company of the at-fault party to offer a very small settlement amount in the beginning. If you need settlement funds to help pay your day-to-day expenses but cannot afford to wait a year or more, consider pre-settlement funding. Pre-settlement funding will allow you to receive a portion of your expected settlement now and not be forced to settle for less then you deserve.

Do I have to pay my medical bills even if the accident wasn't my fault?

Luckily for those involved in New Jersey accidents, most drivers will have Personal Injury Protection (PIP) coverage. PIP coverage is a part of auto insurance that pays if you or other persons covered under your policy are injured in an auto accident. It is sometimes called “no-fault” coverage because it pays your own medical costs no matter who caused the accident. Most New Jersey drivers buy $250,000 worth of PIP.

                                            Parts of Personal Injury Protection

Medical Expenses Coverage

Covers the cost of treatment from hospitals, doctors, and other medical providers. Also includes the cost of medical equipment needed to treat your injuries.

Additional PIP Coverage

Reimbursement for other expenses you may have because you are hurt. This may pay you for lost wages or the cost to hire someone to take care of your home or family.

Personal Injury Protection can help you pay for medical bills if you are hurt from a car accident. However, sometimes your PIP may not be enough to cover all of your medical expenses or it may take time to be reimbursed for your expenses. Some drivers may have less PIP coverage or none at all, if so, Bridgeway can help you get the money you need now and allow you to continue living life without worrying about how you’ll pay your bills after a car accident.

Bridgeway Legal Funding Provides Lawsuit Loans Throughout New Jersey

At Bridgeway, we understand the fear of being unable to pay your bills due to missed work or other expenses from a car accident. We provide lawsuit loans near you to get your settlement funds to you fast.

Learn more about our pre-settlement funding for New Jersey locations including Newark, Jersey City, and Paterson by filling out our easy online form or giving us a call at (800) 531-4066 today.

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