Pre-Settlement Funding for CMV Accident Victims: How Eretz Funding Can Support You

Commercial motor vehicle (CMV) accidents involve trucks, delivery vans, buses, or other vehicles used for business purposes. These accidents can cause severe injuries, major property damage, and complicated legal battles.

Victims and their families often face not only physical and emotional recovery but also financial hardship and addressing the complexities of these cases requires time and resources.

Eretz Funding offers cash advances to plaintiffs and their families to manage the challenges during this difficult time. If you or a loved one is struggling financially while waiting for a case to settle, we understand the pressure you’re under.

Let us provide the support you need so you can focus on healing and rebuilding your life without the burden of financial strain. Reach out today—you’re not alone in this journey.

What is a Commercial Motor Vehicle Accident?

A commercial motor vehicle accident refers to an incident involving a motor vehicle used for business purposes.

These accidents can range from collisions between trucks, buses, and smaller passenger vehicles to accidents involving other large commercial vehicles. Due to the size and weight of these vehicles, accidents often result in serious injuries or even fatalities.

Victims of commercial motor vehicle accidents often face extensive financial burdens while they wait for their case to reach a resolution.

Legal cases involving commercial vehicles are often more complex than regular car accidents, as they can involve multiple parties, such as the driver, the company they work for, and the vehicle manufacturer.

The Length of Time for Settlement

The settlement process for commercial motor vehicle accidents can take months or even years. This is because these cases often involve complicated investigations, negotiations with insurance companies, and litigation.

During this time, plaintiffs may find themselves struggling to cover their living expenses and other financial obligations.

The legal process can be unpredictable, and while you may eventually receive compensation, it can take much longer than expected. Many plaintiffs experience financial strain during this period, and they need a solution to help them meet their immediate needs.

What is Pre-Settlement Funding?

Pre-settlement funding, also known as a cash advance, provides immediate financial relief to plaintiffs involved in legal cases, such as commercial motor vehicle accidents.

This funding is a cash advance against the expected settlement amount. The idea is simple: plaintiffs can receive money while waiting for their case to settle, without having to wait for the lengthy legal process to conclude.

Pre-settlement funding is an advance on the future settlement that you are expected to receive from your case. If you win or settle your case, the advance is repaid directly from the settlement amount.

If you do not win your case, you are not required to repay the funding. This provides peace of mind for plaintiffs, knowing that they will not be burdened with debt if their case is unsuccessful.

How Pre-Settlement Funding Helps Victims of Commercial Motor Vehicle Accidents

1. Replace Lost Wages: Injuries from these accidents may prevent victims from working. Pre-settlement funding helps replace lost income, ensuring financial stability during the wait for a settlement.
2. Avoid Financial Strain During Litigation: The legal process can be lengthy and costly. Cash advance offers immediate cash, relieving financial pressure and allowing plaintiffs to focus on their case.
3. Peace of Mind: Financial worries can add stress to an already difficult situation. Pre-settlement funding provides relief, allowing victims to concentrate on recovery and their legal proceedings.

The Benefits of Pre-Settlement Funding

Pre-settlement funding provides several advantages for plaintiffs involved in commercial motor vehicle accidents:

• No Upfront Costs: You do not need to pay anything upfront, and the funding is repaid only if you win or settle your case.
• No Credit Check: Pre-settlement funding is based on the strength of your case, not your credit history.
• Quick Access to Funds: You can access the funds quickly, usually within a day or two of applying.
• Flexible Use: You can use the funds for daily living expenses.*
• Non-Recourse Funding: If the case does not succeed, you do not have to repay the funds. This provides peace of mind during a stressful time.

How to Get Started

Step 1: Apply

Submit a simple application with your details and your attorney’s contact information. No credit check is required.

Step 2: Case Review

We’ll evaluate your application based on the information provided by your attorney about your case.

Step 3: Quick Access to Funds

Once approved, funds are typically provided within 24-48 hours. Use the money for essential expenses like living costs*.

Step 4: Repayment After Case Resolution

When your case is resolved, the funded amount and interest & fees are repaid from the settlement. If your case doesn’t succeed, no repayment is required.

*Subject to state law limitations.

Moving Forward with Eretz Funding

Commercial motor vehicle accident cases are complex, requiring time, expertise, and resources to resolve.

Eretz Funding understands the challenges faced by victims of commercial motor vehicle accidents. Our pre-settlement funding services are designed to offer fast, reliable, and hassle-free financial relief during the often lengthy process of legal recovery.

With our support, you can focus on your case, knowing that your financial needs are being taken care of.

Contact Eretz Funding today to learn more about how we can help in CMV accident cases. Let us provide the financial support you need to focus on what matters most—achieving justice and moving forward with your life.