Who Qualifies for Truck Accident Pre-Settlement Funding? 

To qualify, you must be at least 18 years old and have an active personal injury lawsuit with legal representation. The defendants, whether the trucking company, driver, or a third party, must bear the majority of fault in the accident.   

Common Types of Claims 

Common types of truck accidents that frequently lead to personal injury claims include: 

• Rear-end collisions – Often caused by a truck’s inability to stop quickly, these crashes can result in whiplash, spinal injuries, or traumatic brain injuries. 

• Jackknife accidents – When a truck’s trailer swings out at an angle, it can crush nearby vehicles and cause multiple injuries across several lanes. 

• Rollover accidents – Trucks that tip or roll over may trap or strike other motorists, often leading to catastrophic injuries or fatalities. 

• Underride accidents – When a smaller vehicle slides beneath a truck’s trailer, it can cause devastating head, neck, or spinal trauma. 

How Does Pre-Settlement Funding Work for Truck Accident Cases? 

If you meet the eligibility criteria for truck accident legal funding, here is how to get started: 

1. Complete an application online or via phone. Provide the details about your case and your lawyer’s contact information. Your attorney must agree to cooperate with the funding company for the application to proceed.  
2. The funding company confers with your attorney, who estimates the potential value of your settlement based on the strength of your case and the results of comparable truck accident claims involving similar injuries and circumstances.  
3. After speaking to the lawyer, the funding company decides whether to approve the application. Approvals are primarily based on the strength of the case, not your credit score. 
4. If approved, the funding agreement is sent to your attorney for review. They will discuss the terms of the agreement and advise you, but the final decision on whether to accept the funding is always up to you.  
5. If you accept the proposal, funds will be dispersed via check or direct transfer, usually within 24–48 hours. 

Why Truck Accident Lawsuits Take So Long  

Truck accident settlements often take between six to eighteen months to resolve, though more complex cases can extend beyond two years. These delays are often due to the involvement of multiple potentially liable parties, such as the truck driver, the carrier, a vehicle manufacturer, or other third parties.  

Further, while truck accident cases are adjudicated under state personal injury laws, the Federal Motor Carrier Safety Administration (FMCSA) sets nationwide safety standards for commercial motor carriers. These regulations cover areas such as driver hours of service, vehicle maintenance, cargo securement, and driver qualifications. When a truck accident occurs, investigating potential FMCSA violations can be essential in establishing negligence. 

Because these violations require extensive evidence, including logbooks, maintenance records, and black box data, determining liability often demands a thorough and time-consuming investigation.  

Benefits of Pre-Settlement Funding for Truck Accident Victims 

Benefits include:  

1. Covers Essential Living Expenses. Pre-settlement funding helps cover essential expenses such as rent, mortgage, utilities, groceries, and other necessary costs while your claim is pending. 
2. Helps With Medical and Recovery Costs. Insurance may not cover all of your medical expenses, especially co-pays, deductibles, out-of-network providers, or uncovered treatments. Pre-settlement funding can help bridge that gap, covering costs like hospital bills, rehabilitation, prescription medications, or even replacing a totaled vehicle, whatever is necessary to support your recovery. 
3. No Monthly Payments Required. You won’t owe monthly payments. The advance is repaid only if and when you receive a settlement or court award. 
4. Supports a Full and Fair Resolution. Pre-settlement funding eases financial pressure, allowing your legal team the time necessary to pursue the maximum compensation your case warrants, rather than accepting an undervalued settlement offer. 
5. No Impact on Your Credit Score. Because it is not a traditional loan, pre-settlement funding does not require a credit check and will not impact your credit score.

Apply for Pre-Settlement Funding Today

How Much Funding Can You Receive? 

The amount of truck accident legal funding you can receive depends on factors such as the estimated case value, the extent of your injuries and medical expenses, and the clear liability of the defendant. Typically, truck accident victims can receive between 10% and 20% of their anticipated settlement amount. Please note that the funding amount is calculated after deducting attorney fees, medical liens, and other related expenses. 

Regulations Vary by State 

The amount of funding you can receive also depends on your state’s laws regarding pre-settlement funding. Some states impose limits on the amount of pre-settlement funding a plaintiff can receive. Your attorney and the funding company will be aware of the details based on your jurisdiction.  

Contact Us Today 

Mustang Litigation Funding, located in Wayzata, MN, offers ethical institutional litigation funding to support justice. With personnel having 100+ years of combined investment experience and 50+ years in litigation finance, we’ve empowered 5,000+ civil litigants and 800 law firms.  

Learn more from our ultimate guide to pre-settlement funding. Have questions? Contact us today. Our team members are always within reach and ready to talk whenever your funding needs arise.