Truck Accident Lawsuit Funding in New York City

If you were injured in an NYC truck accident, you are likely facing a mountain of expenses. And while you may be expecting a sizable recovery from your truck accident lawsuit, it might be months or even years before you see this money. 

Seeking truck accident lawsuit funding can provide you with an advance on your eventual settlement so you can start paying down bills and returning to financial stability sooner rather than later. Apex Legal Funding, LLC, is a reputable lawsuit funding company in New York, providing seamless funding options for those who need to fill monetary gaps until their claims are resolved. 

What Is Lawsuit Funding for Truck Accidents?

Approximately 4,000 large truck personal injury crashes happen across New York State each year, resulting in anywhere from 70 to 100 fatalities. Across the United States, more than 153,000 people were injured in large truck crashes in 2023 alone, and more than 5,400 people died. Truck accidents can cause serious, expensive injuries. 

Truck accident lawsuit funding is a type of pre-settlement loan that acts as a cash advance on an eventual lawsuit settlement. If you qualify, our lending company can send you a lump sum equivalent to a portion of your eventual lawsuit settlement.

You can use these funds to pay medical bills, afford daily life expenses, or pay for anything else you see fit. Once you reach the end of your lawsuit, you can repay the cash advance out of your settlement, plus a small amount of interest. 

Why Seek Truck Accident Lawsuit Funding?

Seeking an advance on your truck accident settlement from Apex Legal Funding, LLC, offers several benefits:

  • Bridge financial gaps: Pre-settlement funding helps you bridge the gap between now and when your lawsuit eventually settles, allowing you to start paying down bills promptly. 
  • Avoid paying interest and fees on debt: Truck accidents can quickly sap your savings, which means you may not be able to afford regular credit card payments or debt payments. Failing to pay bills can lead to interest and fees that cost you more money. With a lawsuit cash advance, you can continue to pay these bills on time and avoid accruing interest. 
  • Cover your regular living expenses: Ongoing expenses like mortgage payments, car insurance, and utilities don’t stop even though you are navigating the aftermath of a truck accident. Pre-settlement funding can help you afford these regular expenses and avoid going into debt to pay for them. 
  • Pay medical bills up front: Your truck accident settlement will help reimburse you for medical expenses related to the accident, but you may not see this money for months or years. Seeking an advance on your settlement allows you to pay these bills up front to avoid facing penalties from late or non-payment.
  • Avoid settling your case early: If you are running low on funds after a truck accident, you may feel tempted to accept a settlement offer from the truck company or insurer that does not fully cover your damages, just so you can receive a payout quickly. Pre-settlement funding gives you the funds to keep fighting for a fair payout. 

How Our Truck Accident Lawsuit Funding Works

Our truck accident lawsuit funding is different from the typical loans you would apply for through the bank. We offer non-recourse funding, which means that if you were to lose your truck accident lawsuit or walk away without a settlement, you would not need to repay any of the loan. The loan repayment comes directly from your compensation award, and you do not need to pay anything out of pocket. 

Our funding is low-interest and does not require you to put up collateral. Instead, your lawsuit acts as collateral for the loan. 

How To Apply for Pre-Settlement Funding

We understand that navigating a truck accident legal case can be an overwhelming time. We keep the process of applying for funding simple for your peace of mind. 

  1. Fill out our online form. Provide a few details, including your contact information, your attorney’s contact information, and details regarding your case. We will reach out shortly with more information. 
  2. We review your case. We will examine your application and consider factors like your amount and type of damages, the upper limits on any applicable coverage, and your percentage of liability. 
  3. Receive your advance in as little as 24 hours. If we approve your application, we will send you information about your offer as soon as possible. Applicants often receive their loans in as little as 24 hours. 

Ways You Can Use Your Lawsuit Funding

Some legal funding companies limit the ways you can use your truck accident lawsuit funding. At Apex Legal Funding, LLC, we understand that you may need an advance on your settlement for a wide range of reasons. When you receive your cash advance, you can use it however you see fit:

  • Deposit it in your bank account and treat it like savings
  • Pay down medical bills
  • Purchase groceries and other necessities
  • Pay the mortgage, utility bills, or other regular expenses
  • Afford attorneys’ fees 
  • Go on vacation with your family

Some clients use truck accident lawsuit funding to pay for necessities, while others use these funds to make memories with family after a traumatic time. You are free to use your funding however you wish. 

Explore Pre-Settlement Accident Lawsuit Funding From Apex Legal Funding, LLC

If you are navigating the aftermath of a truck accident, you are likely dealing with significant pain and lifestyle changes. You shouldn’t have to face financial stressors on top of these other worries. 

Apex Legal Funding, LLC offers non-recourse cash advances for plaintiffs in NYC truck accident cases. Learn more about our auto accident lawsuit funding today by calling 1-800-377-4934 or filling out our contact form. 

Frequently Asked Questions

What happens if you lose your truck accident case? 

If you lose your truck accident case and have already received lawsuit funding, you will not have to pay back any of the loan. We offer non-recourse funding, which means that we are the ones assuming the risk by providing you with a loan. We take care to closely review your legal case and understand the chances of you walking away without a settlement. We generally only offer funding for strong legal cases. 

Do I need to have an attorney to qualify for truck accident lawsuit funding? 

Yes, we only work with clients who have retained legal counsel. We will speak with your attorney as part of your application process to better understand the strength of your legal case. 

Do you offer pre-settlement funding for other types of lawsuits? 

Yes, we offer pre-settlement funding for a wide range of personal injury cases, including construction accidents, medical malpractice, dog bites, slip-and-fall cases, product liability, and more. If you were injured due to someone else’s negligence and are pursuing a legal case against them, you may qualify for funding.

Do you charge interest on truck accident lawsuit funding? 

Yes, we charge a small interest rate on your pre-settlement funding. You do not need to pay for this interest until you receive your lawsuit settlement. We will take the original loan amount, plus interest, out of your settlement, allowing you to keep the remaining proceeds. 

Quick Contact

Personal injury cases can be difficult enough without the added stress of worrying about how you’ll pay your bills. There’s a lot of pressure to win since if you don’t, you may find yourself dealing with medical debt or other concerns.

Pre-settlement funding for plaintiffs takes some of this stress off your shoulders. Because plaintiff investment funding comes with fewer risks, you can worry less about how you’ll pay your bills, making your situation a little easier.