A car accident settlement loans is a type of legal funding available to those who have been in an auto collision. The name is somewhat misleading, as a car accident loan isn’t actually a loan. Instead, it’s a playout you can receive now based on the potential value of your settlement.

Vehicle collisions are expensive and leave victims with bills they need to pay off now. The settlement is supposed to provide this money, but it can take weeks, months, or even years for victims to receive this money, during which time they could be pressured to accept a lower playout. A car accident loan gets you money now to cover some of those expenses, giving you the ability to fight for your full settlement.