While it’s much easier to get a car accident loan than a traditional loan, not everyone will qualify for one. You must have an active lawsuit and your lawyer must approve of outside legal funding in order for you to qualify. If they don’t approve of third-party funding for your settlement, we won’t be able to help you.
As the legal funding company will be assuming all the risk of your case, they’ll want to know if the defendant is at-fault and insured. Depending on which state you live in, a legal funding company may still work with you if they believe you are partially at-fault. However, if the defendant is uninsured, you won’t be eligible for legal funding, as the likelihood of repayment is low.