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Getting hurt in a negligent car accident can be an emotional and overwhelming experience. Unfortunately, an auto crash can result in bodily injuries, property damages, lost income, mental anguish, and other losses. Under New Mexico laws, victims of negligent car accidents are often eligible to pursue fair financial compensation. However, these car accident cases are usually complicated and may take an extended period to settle. If you are facing financial distress while your car accident case is ongoing, you may need to apply for a risk-free car accident lawsuit loan in New Mexico.
At High Rise Financial, we are committed to offering risk-free settlement funding to claimants and car accident victims throughout the state of New Mexico. Our New Mexico car accident lawsuit loans can provide you with the immediate funds you need to cover your living expenses, pay legal fees, and achieve financial relief before your case settles. In addition, the settlement loan is non-recourse, and you’re not required to pay back the cash advance if you don’t win your case.
Car Accident Laws in New Mexico
Here are some laws addressing car accident cases in New Mexico:
Reporting Requirements
In New Mexico, drivers who are involved in a traffic collision must report the incident if it causes bodily injury, death of a person, or property damage exceeding $500. You must inform local authorities immediately and submit a written report to the New Mexico Department of Transportation within five days.
Fault and Negligence Rule
New Mexico is an at-fault state when it comes to car accidents. This means that the driver who is found to be at fault for causing the accident is responsible for paying for the damages and injuries resulting from the crash.
Additionally, New Mexico follows a pure comparative fault rule. This means that even if you are partially at fault for the auto accident, you may still be able to pursue damages. However, the amount of financial compensation you can recover will be reduced by your percentage of fault.
Statute of Limitations
Under New Mexico laws, accident victims will have up to three years from the date of the accident to file a personal injury lawsuit or insurance claim, and four years for property damage claims. It’s important to act promptly to ensure your rights are protected.
What Damages Can Be Recovered In A Car Accident Lawsuit?
The following damages may be recovered by filing a car accident claim or lawsuit in New Mexico:
- Medical expenses.
- Lost income and other benefits
- Reduced earning capacity
- Physical pain and suffering
- Wrongful death damages, when applicable.
- Repair or replacement of damaged property
- Out-of-pocket costs
- Emotional distress or mental anguish
- Disability expenses
- Legal fees and court costs.
- Punitive damages – to serve as an additional punishment to the defendant for their malicious conduct.
However, negotiating with the insurance carrier or getting a court verdict can take a long time. While your case is ongoing, medical bills and other living expenses will continue accumulating. Rather than struggling financially or taking on excess debts while your case is ongoing, you can apply for a risk-free car accident lawsuit loan in New Mexico.
How Can a Car Accident Lawsuit Loan Help You?
A car accident lawsuit loan can provide much-needed financial support during the time it takes for your legal case to be resolved. Here are some ways it can help you:
Cover Living Expenses: Car accidents can result in unexpected expenses. A lawsuit loan gives you access to funds quickly, so you can cover urgent costs like medical bills, car repairs, and living expenses.
Achieve Financial Relief: Worrying about finances while dealing with a car accident lawsuit and recovery can be overwhelming. Having a risk-free lawsuit loan reduces this stress and helps you achieve financial relief. This allows you to focus on getting better and preparing your case.
Maintain Your Lifestyle: Without worrying about immediate expenses, you can continue paying for rent, groceries, utilities, and other daily needs. This helps maintain your standard of living during a challenging time.
Better Legal Outcomes: With the financial pressure eased, you won’t feel forced to accept a quick, low settlement. You and your attorney can take the time needed to pursue a fair and just outcome.
What are the Benefits of Getting Car Accident Lawsuit Loans?
At High Rise Financial, we offer car accident lawsuit loans to help you cover expenses while waiting for your case to settle. Here are some benefits of taking a lawsuit loan with us:
No Upfront Costs: You don’t have to pay anything upfront. We will provide you with settlement advance loans based on your case’s potential.
Quick Access to Funds: You can get the money you need fast, often within 24-48 hours of getting approved.
No Credit Checks: Your credit score doesn’t matter. We focus on the strength of your case, not your financial history.
Risk-Free: The lawsuit loan is non-recourse and risk-free. If you lose your case, you don’t have to repay the loan. This takes away the risk from your shoulders.
No Monthly Repayments: Also, there are no monthly repayments needed with our New Mexico car accident loans. You will only repay out of your financial compensation upon winning your case.
How to Apply for Car Accident Lawsuit Loans in New Mexico
Applying for our New Mexico lawsuit loans for car accident cases is simple and fast. Follow the steps below to apply for a pre-settlement loan:
- Contact our dedicated representatives to indicate interest in getting legal funding.
- Visit our website to complete and submit your application forms. Provide your basic primary information and other necessary details.
- Submit vital information about your ongoing car accident lawsuit and your attorney’s contact details.
- Our trusted experts will meet with your lawyer to discuss your ongoing lawsuit and examine the merits of your case, your chances of winning, and your expected settlement amount.
- Our financial specialists will review your application and make a decision.
- If you are approved for our lawsuit loan, your cash advance will be ready for pickup within 24 hours. The money is all yours, and you can use the legal funding however you like.
Call Us to Get Non-Recourse Lawsuit Funding in New Mexico
If you are facing financial challenges while your car accident case is ongoing, you may apply for risk-free lawsuit funding. Contact us at High Rise Financial or call (866) 407-6404 to apply for our New Mexico car accident lawsuit loans. We’re proud to serve auto accident victims across the state of New Mexico.