If 76% of American families live paycheck to paycheck, having access to only three weeks of reserve funds, will that be enough to sustain financial obligations and daily expenses when the wage earner gets injured or disabled due to a car accident?  Will a car accident funding provide sufficient funding for your family’s needs while you wait for a settlement? 

These are important questions you would need answers to when you are a personal injury plaintiff waiting for your case to settle.  DeltaLawsuitLoans.com can give you the answers to these questions and all you need to do is call 786-741-8003.

There are many injuries that after a car accident that needs to be dealt with and most often it includes you needing to take time off from work.  This puts a heavy weight on you as medical expenses and bills pile up while you don’t have a steady income.  

 The worst setback will push you seeking for the right source of financial assistance.  What are your options while you wait for your car accident settlement?  The top three options would be:

  1. Car Accident Funding
  2. Health Insurance
  3. Charitable Funding

What is Car Accident Funding?

A car accident funding is also called a pre-settlement loan, a car accident settlement loan, a car accident lawsuit loan, a car accident settlement advance, or an auto accident settlement loan.  All of these names define themselves simply as a loan or advance payment that you receive before you get your settlement for your personal injury case.

This is offered to victims of car accidents that have been injured in a traffic crash or any car accident scenario caused by another person’s negligence.

How is a Car Accident Funding Processed?

If you have a probable cause to prove that you were injured by negligence and that you qualify for full compensation, a lawsuit funding company can offer you car accident funding.  This loan works like a purchase of the lawsuit funding company to all or part of the settlement.

The lending company will review the details of your personal injury case and estimate the value of your settlement. 

 They may allow you to borrow all or part of that estimated value.  You then sign an agreement that you will pay them back when you get your personal injury claim.

Pros and Cons of a Car Accident Settlement Loan


  • You are not obligated to repay the loan if you do not get a settlement from your car accident claim or if you lose the case.

  • It can reimburse the money that you’ve paid out in dealing with the setbacks of the car accident, including legal pursuits.

  • It can make up for lost wages since you were not able to get a steady salary because you are out of work.

  • It can make up for the physical (medical expenses) or psychological (therapy) trauma and expenses incurred because of such trauma.

  • It can be given to you even if you have a bad credit history.

  • It can prevent you from accepting less than the right amount of settlement.  It provides you enough financial support so you can wait until the defendant can offer a fair amount of settlement.

  • It can help you cover bills and other financial obligations while your lawsuit is pending.


  • Some lawsuit funding companies can break your bank with their accompanying skyrocketing interest rates on lawsuit loans that can reach up to 60% a year because of its monthly compounding interest.  Totally brutal.

  • Because of the great risk that lenders will go through, most of them will be strict on investigating the legal aspects of your case and will be willing to loan you money only if you have a strong personal injury case.


Make sure that you discuss your options with a trusted financial advisor and your personal injury attorney before you make financial decisions on choosing the best source of financial assistance to alleviate your financial woes after a car accident.

Remember, there will never be a fair price that you can put on pain and suffering.  A car accident funding may or may not be your best bet, but it can help you maintain your sanity and well-being as you wait for the outcome of your personal injury lawsuit.