In general terms, lawsuit lending companies will look at two factors when deciding how much you could qualify for.
The potential value of your case as measured by the severity of your injuries
The probability that your case will be successful as measured by the likelihood that you will be able to prove liability
If these two elements are present in your personal injury claim, the probability that you would qualify for the loan increases. Also, in these cases, your personal credit score does not have any influence.
How is the application process for these car accident loans?
First of all, it is important for you to know that the application is free and there will be no credit or background check involved. In order to complete the application for this loan you would have to:
Submit your information either online or by phone. This will offer your lender a clear picture of your case and help them decide whether a car accident loan is appropriate at this time.
Give the lending company information about your personal injury lawyer. The lending company will ask your lawyer the pertinent details of your lawsuit, such as its potential outcome. This helps the lending company determine if there will be little risk to offer you a car accident loan.
Receive an approval. If the lending company determines that your case is a good fit, you would receive approval for the loan and the accompanying funds within 24 hours. The money would be delivered directly into your bank account.