Car Accident Loans
- Get $500 – $500k in 24 hours
- Low, simple rates (no compounding)
- Repay $0 if you lose your case
Auto Accident Claims We Fund
Nearly all commercial vehicles carry $100,000+ in liability coverage. Provident specializes in funding claims against commercial auto insurance companies. We can help you fight back for a fair settlement.
Whether your case is against a public (self-insured) or commercial operator, Provident has your back. Bus accident lawsuits aren’t typically a question of liability, so we provide some of the lowest rates in the industry.
During and after the pickup of a passenger, Uber and Lyft drivers carry $1 million in bodily injury and UIM (uninsured motorist) coverage). That means that you’re covered regardless of who caused the accident.
All semi-trucks must carry commercial liability insurance. However, you’re up against a large insurance company with more financial and legal resources than you have at your disposal. While they have seemingly unlimited funds, you may be struggling to make rent.
Just like other commercial vehicles, Taxis and Limousines typically carry substantial coverage. While actual limits vary, Provident can typically assume coverage in excess of $100k, even before policy limits are disclosed.
Provident provides fast and easy funding for pedestrian accidents. Because pedestrian accidents can involve serious injuries, these types of cases can take a long time to settle..
Even with full safety gear, motorcycle accidents often involve substantial damages. Given the typically high case values, Provident specializes in motorcycle accident lawsuits.
Unfortunately, bicyclists can be severely injured in an auto vs. bike accident. These cases typically involve large damages. As a result, bike accident victims can typically qualify for low rates on funding.
Even if the policy limits of the defendant are not yet known, Provident can fund private vehicle accident cases if the offending party is insured. Our private vehicle funding is fast and easy.
See all the personal injury claims we fund or
Car Accident Loans Can Get You Back on the Road to Financial Recovery
If you’ve been in a car accident, you know exactly how devastating it can be. You may be out of work, have high medical bills, and to top it all off you’re spending countless time and energy fighting a court case with the at-fault party. This can all make meeting your everyday living expenses a nightmare. Your healing is paramount, but you also have to pay the bills.
That’s where auto accident loans from Provident Legal Funding can help. We take care of your financial needs so you can focus on your physical and emotional well-being.
Whether it be an insurance company or an individual, the other side knows who they’re up against: an independent plaintiff who is financially stressed and eager for a resolution. Insurance companies often try to pressure people to settle early and way under the deserved compensation amount just so they can meet rent, and it’s often a successful tactic. Even if the defending ultimately plans to settle, they may drag a car accident lawsuit out in an effort to get you to settle for less.
Applying for a car accident loan with Provident Legal Funding can eliminate this issue by giving you the upper hand in your case. We work with clients in a wide array of cases, but we take pride in helping auto accident victims get the justice they deserve. We can give you an advance on your settlement to pay your medical bills, rent, food — anything that your inability to work is turning into a roadblock.
One of our core principles is that access to justice shouldn’t be based on financial resources. We help plaintiffs hold insurance companies accountable. Best of all, it’s risk-free — if you don’t win or settle your case, you owe us nothing.
Are car accident loans a traditional loan?
No. A car accident loan is a cash advance where repayment is dependent upon the plaintiff receiving a settlement. If your case is settled or you prevail in court, your attorney will pay back the funds directly to the funding company. The cash advance accrues interest until the date it is repaid.
However, if your case is unsuccessful for any reason, you are not required to repay the auto accident loan. Both principal and interest are entirely forgiven and you will not be “on the hook” for any amount of money. If you lose your case, the advance is yours to keep for free.
So the more important question is, what is a lawsuit loan?
A lawsuit loan isn’t really a loan at all. It’s a bit of a misnomer. Auto accident loan companies instead purchase a portion of your future settlement. Auto accident lawsuit advances from Provident all come with no-win/no-pay guarantees.
In the meantime, the cash upfront can help you pay for living and medical expenses if you’re injured and out of work, or just short on cash. This means that your lawyer will be able to take their time getting you a fair auto accident settlement.
What does a car accident loan cost?
Car accident loans come with a cost – interest accrues from when you take out the advance until when your case settles. Some lawsuit lending companies also charge fees that roll into the cost of your advance.
At Provident Legal Funding, we exclusively charge simple, non-compounding rates. We never charge any upfront fees and there are no monthly payments.
If (and only if) your case resolves in your favor, your attorney will pay us back from your portion of your claims’ settlement proceeds.
We offer competitive terms and will gladly beat any other contract on the charged interest rate, amount offered, or both!
How long does it take to get a loan on my car accident lawsuit?
Getting a lawsuit loan from Provident Legal Funding is always fast and easy. The entire process can happen in as little as a few hours.
Once you apply, we reach out to your attorney to get some details about your car accident claim. This is the big question mark in terms of how long it will take to process your request. We frequently have attorneys who respond to our request or get on the phone with us within minutes of an application. If your attorney is on vacation or unresponsive, this portion of the process can take much longer.
Always give your attorney the heads-up that you are applying with Provident Legal Funding. Let them know that you authorize them to disclose information about your car accident claim to us. The main information we collect is a police report (if available) and basic medical records illustrating the extent of your injury.
The rest of the process is easy. Once we receive a response from your law firm with the information we request, we can get you approved and send a contract the same day.
After you and your attorney review and sign our agreement, we offer several same-day electronic funding options (Western Union, bank wire, etc.). We can also send a check for next-day delivery.
Pre-Settlement Car Accident Loan FAQs
Not every pre-settlement funding company offers the same rates on legal funding. Many industry leaders will have more lax underwriting standards, but this means they pass these losses along to plaintiffs in the form of high interest rates and fees.
Because Provident is more conservative with funding, we are able to offer lower rates than large competitors.
Qualifying for lawsuit loans with Provident is fast and easy. To review your case for funding, we only require that:
You’re 18 years of age or older.
You have a valid auto accident claim.
An attorney represents you on a contingency basis and will control settlement proceeds in a trust account.
Once you’ve qualified, we’ll reach out to your attorney directly to see if we can approve your case for funding. Because auto accident loans often involve very clear and well-documented liability, Provident frequently funds accident claims within 24 hours.
The amount you qualify for depends on an estimate of your case value. Typically, Provident can advance 10% – 15% of the expected value of your auto accident claim. Assuming conservative treatment for your injuries, as a general rule-of-thumb, we assume around two to three times medical expenses for auto accident lawsuit settlements.
Because our underwriters are practicing auto accident lawyers, we’re able to provide more funding at lower rates than most competitors. Because we have lower loss rates and only fund strong auto accident claims, you get to keep more of your settlement in your pocket.
Every personal injury case is different. The main factors we consider when making a decision are liability, damages, and insurance coverage. Thankfully, car accident claims usually have very well-documented liability in the form of a traffic accident report.
If it is clear that you were not at fault for the accident and there is sufficient insurance coverage to pay for your medical expenses, it is quite likely that we will approve your case for funding.
Car Accident Lawsuit Loan Resources
- Car accident lawsuit guide
- How much does it cost to hire a car accident lawyer?
- What recoverable damages do I qualify for?
- Auto accident loan FAQs
- Is a car accident lawsuit loan right for me?
- Top reasons car accident plaintiffs are denied lawsuit loans
- How and why insurance companies drag out a car accident claim