Car Accident Loans Made Simple

Car accident loans are a contingent advance against the proceeds from your case. You get cash upfront and the outstanding balance accrues interest until your case concludes. If your case is unsuccessful, you repay nothing.

We provide car accident loans as small as $500 and up to $1,000,000.

After reviewing your case (liability, damages, insurance, and previous advances), we determine a value for your case. We can usually advance up to 15% of the total value of your vehicle accident case.

Uplift Legal Funding specializes in auto accident loans, and we offer some of the lowest rates in the industry. We have a fast and easy application process – it only takes one minute to apply for accident loans. We work directly with your auto accident attorney to get you the funding you need.

Our goal is to get you approved within minutes of speaking with your legal attorney. Keep in mind that a car accident settlement loan from Uplift Legal Funding is 100% risk-free. This means that in the event you lose your case, you repay nothing.

In many cases, Uplift Legal Funding provides same-day car accident cash advances. Uplift needs the help of your personal injury lawyer to make that happen.

At Uplift, we understand the urgency of your auto accident loan request, and we try our best to get all plaintiffs funding within 24 hours or less. Sometimes, we can provide funding within minutes of talking to your attorney.

Approval for car accident lawsuit loans typically involves three factors:
Liability – who was at fault for the accident?
Damages – what medical, economic, and other damages have you sustained?
Insurance Coverage – which insurance carrier is liable, and how much coverage do they have?

Legal funding companies can typically review your case during a quick phone call or email correspondence with your attorney.

The value of an auto accident claim is not black and white. Determining this value involves looking at various factors, including the nature of the injuries as well as the economic losses sustained from the accident. The amount given to these factors is a result of a thorough look at the car accident injury, medical records and history, medical treatments, and talking with the plaintiff’s physician.

Another determining factor includes the validity of the claim. Is there enough evidence that points to the negligence of the defendant? The more evidence there is, the more we value the claim.

Legal funding costs vary from company to company and case to case. Some companies are very expensive. According to NOLO, funding companies charge 27% and 60% per year. This is true of some reputable companies, but others charge as much as 500% in one year! 

At Uplift Legal funding, we charge rates as low as 15% every 6 months with simple interest (no compounding).

Even though they are similar to loans, a car accident loan is not really a traditional loan. The main reason that they are not really loans is that litigation funding is contingent or non-recourse, meaning that you do not pay anything back if you do not win your case.

Because loans on your car accident settlement are “no-risk” or “no-win, no-pay” – they do not qualify as loans in most states.

To qualify for an auto accident loan, you must have hired an attorney on a contingency basis (no-win, no-pay).

Your attorney helps us review your case by providing relevant documentation and information. Your attorney is also in charge of paying back your advance if your case settles favorably.

In some states, lawyers are legally and ethically allowed to advance money to their own clients. Many states forbid lawyers to charge interest on these advances, so this can actually be a much cheaper way to cover living expenses.

Though attorneys may be allowed to provide funding, many lawyers do not do so because this can complicate the attorney-client relationship.

The best part of lawsuit funding is you can use it for whatever expenses you may have. Lawsuits against insurance companies can take time. While waiting, you’ll still be responsible for day-to-day expenses even if you are out of work. Below are just a few examples of what you can use the accident loan for:

Medical bills and expenses
Living expenses
Mortgage payments
College / school payments
Child support
Rent payments

If you are out of work due to your injuries and short on cash, an accident loan may be right for you. It is important to take only what you absolutely need to cover important living expenses while waiting for your claim against the insurance company to settle.

Common injuries sustained in a car accident can range from soft-tissue injuries to serious, permanent injuries. Treatment can range from chiropractic care to serious surgeries. At Uplift Legal Funding, we have experience reviewing car accident claims arising from the following common car accident injuries:
Soft-tissue injuries
Bone fracture
Traumatic head and brain injury
Herniated disk
Soft tissue or crush injury
Burn injury
Disfigurement and scarring injury
Amputation
Spinal cord or back injury
Wrongful death (a loved one’s death)
Loss of consortium

You do not need to find local funding company. Uplift Legal Funding provides funding nationally and offers a completely paperless process:
Online or phone application
Emailed document requests to your attorney
E-signature for you and your lawyer
Wires and Western Union for delivery of funds

There are really two answers to this question.

You can technically get as many advances as your case value will support. If you have a strong case, you can qualify for a large amount or many smaller advances.

However, you cannot get many advances with different lawsuit loan companies. While it is always possible to refinance your existing pre-settlement advance, the new company must “buy out” the prior company.

Uplift offers two paperless and one paper method of receiving your funds.

The two paperless options are direct wire to your account and Western Union. We also offer overnight checks as a backup option.

We advise that you opt for either the direct wire or the Western Union options. This is so you can get your cash as quickly as possible. If you do not have a bank account, please opt for a paper check or Western Union. You can cash Uplift checks for $7 at any Wells Fargo location.

Establish or change your budget – the first thing to do is to get on track with a responsible budget that will see you through to the conclusion of your case
Borrow from friends or family – if you can do this with no interest, this is always the best, but not necessarily the easiest option
Take a personal loan from your bank – if you have good credit, this could be a great option
Tap your home equity – if you own property, it is possible to take equity out of your house. This might be tough to swallow, but it comes with remarkably better rates and terms than legal funding.
Ask your lawyer – in some states, lawyers are allowed to lend money to clients as long as the loans have 0% interest.