Iowa Car Accident Loans

Automobile accidents can happen anywhere in Iowa, from population centers like Des Moines or Cedar Rapids to any of the largely rural areas spanning the state. If you were in a crash caused by someone else’s negligence, you could petition the Iowa courts for compensation through a personal injury lawsuit.

While you wait the months or years it can take for the at-fault party to finally reimburse you for your losses, the bills keep rolling in. However, you don’t have to let someone else’s poor decision put you in a financially tough spot. Iowa car accident legal funding from High Rise Financial is available to you.

How Pre-Settlement Legal Financing Works After a Car Crash

Reckless, intoxicated, or distracted driving can lead to mistakes and potentially dangerous crashes. The painful injuries experienced by other motorists, as a result, are often life-changing, with long and expensive recovery periods. These innocent victims deserve compensation for the damage they sustained.

If you were injured in a car accident because of another driver’s actions, you might be facing substantial medical bills on top of your everyday expenses. These costs can be crushing, especially if you must take time off from work or are disabled because of your injuries. 

When you file a lawsuit seeking compensation for your treatment costs and lost wages, legal funding immediately puts a portion of your expected settlement into your pocket. You can use this money any way you choose, and it only needs to be paid back if you win your case. If you lose, the cash is yours to keep.

Who Can Apply for Iowa Traffic Accident Legal Funding?

Car accident legal funding in Iowa is valid because state legislators have never passed laws prohibiting it. Additionally, Iowa courts have ruled that these agreements are lawful as long as they don’t harm the public good.

You don’t have to live in Iowa to qualify for pre-settlement funding here, provided your case meets the following requirements:

• You have a pending lawsuit in an Iowa court: You can file your lawsuit in Iowa if this is where your accident occurred or where the defendant in your case resides.
• Your lawsuit has a high probability of success: Since you don’t have to repay the money if your lawsuit is unsuccessful, legal funding qualification is based solely on the strength of your case. Therefore, suits that are likely to end favorably are more likely to qualify for funding.
• An attorney represents you in court: Although plaintiffs can plead their case in court, you can only get lawsuit funding if you have a lawyer acting as your representative.
• Your attorney agrees to assist in the legal funding process: Your lawyer’s cooperation is crucial, allowing us to gather information about your case and receive repayment after your lawsuit.

Your Right to Compensation Under Iowa’s Tort Laws

Like many other states in the U.S., Iowa is an “at-fault” or “tort” state for car accidents. This means that the driver who caused the accident, or their insurance company, is responsible for the damages suffered by others in the crash.

The at-fault system also provides victims with the right to compensation for all kinds of losses, including property damage, bodily injury, lost wages, and trauma after an accident. You may acquire this compensation through insurance claims or filing a lawsuit against the at-fault party.

Although this arrangement is beneficial to victims, in the long run, it also often results in a slower process and a greater need for legal funding to keep the bills paid while the case is sorted out. Liability is not always clear, and it can take time and investigation to determine each party’s degree of responsibility.

How Much Legal Funding Can You Get After Your Iowa Collision?

If your case qualifies, we can extend you anywhere from $500 to $100,000, up to 20% of the value of your lawsuit. We’ll determine your case’s value by: 

• Adding up your economic damages, which are the expenses that have a precise dollar figure. You will need to produce receipts showing how much your medical treatment and car repairs cost, for example.
• Estimating your non-economic damages, which are losses that are not easily quantifiable. Damages that fall into this category include the pain and suffering you experienced due to the collision.
• Accounting for your portion of fault for the accident. Under Iowa’s modified comparative fault laws, the state will reduce your compensation proportionally to your degree of blame. For example, if you were 10% responsible, the state would decrease your settlement by 10%. On the other hand, if the state can blame you for 51% or more of the accident, it would bar you from receiving compensation, dropping your case’s value to zero.
• Confirming that you filed your lawsuit before the two-year statute of limitations expires as required by Iowa Code § 614.1. If you miss this deadline, the courts will dismiss your case, and you won’t be eligible for funding.

Getting Legal Funding for Your Iowa Auto Accident Lawsuit

High Rise Financial can help you get fast access to your legal settlement, providing you with risk-free money for house payments, groceries, car repairs, or anything else you need. We don’t require good credit, and we never charge surprise or hidden fees.

By removing financial pressure, car accident loans in Iowa allow you to hold out for a fair settlement and gives your lawyer time to craft the strongest possible case. Contact us today to learn more and see if you qualify.