Alabama Bike Accident Loans
- Get Cash as Soon as the Same Business Day
- Rates as Low as 2.5% Simple, Monthly
- Repay $0 if You Lose Your Case
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What Are Bicycle Accident Lawsuit Loans in Alabama
When a person is injured in a bicycle accident, their life can quickly become filled with stress and financial uncertainty. Medical bills, loss of work, and other expenses can pile up. Bicycle accident lawsuit loans are one way to ease this burden. In Alabama, a plaintiff involved in a pending legal case due to a bike accident can apply for such a loan.
A bicycle accident loan is a non-recourse advance on an expected future settlement. This means the plaintiff will receive funds before the resolution of their legal case. It’s important to emphasize that this is an advance, not a typical loan. The fundamental difference lies in the repayment terms. If the plaintiff wins their lawsuit, they repay the funds borrowed. However, if they lose their case, they owe nothing. This makes it a risk-free option for the plaintiff.
Bicycle accident loans from LawsuitLoans.io are designed to help those injured in bike accidents get through the difficult period of awaiting their legal settlement. They provide a lifeline so plaintiffs can focus on healing, rather than worrying about how they will pay their bills.
How Lawsuit Loans Work
Here’s how the lawsuit loan process works in three easy steps. The entire process can be completed within 24 hours with your attorney’s help.
Apply Online or Call Toll-Free
Apply online or call us toll-free at (866) 594-1343. Submitting your application takes minutes.
We Review Your Case
Next, we contact your law firm and collect basic information to review your case. Review only takes a few hours.
You Receive Funds
You and your attorney review and sign our funding contract. Once complete, you can have funds within hours.
Key Information About Car Accident Loans in Alabama
If you have been involved in a car accident in Alabama and are going through a legal case, you may need financial aid during this time. Car accident loans by LawsuitLoans.io are one way to help ease the burden. This type of pre-settlement funding provides funds for those with personal injury claims while they wait for their cases to be resolved. Below is some key information about car accident loans in Alabama.
| Average car accident loan amount by LawsuitLoans.io in Alabama | $16,934.65 |
| Largest car accident loan by LawsuitLoans.io in Alabama | $59,145.00 |
| Average interest rate in Alabama | 19.2% |
| Median personal injury verdict in Alabama | $309,062.00 |
| Alabama statute of limitations | 2 Years; Code of Alabama Section 6-2-30 |
| Alabama fault laws | Alabama is an “at-fault” or “tort” state, meaning the driver found to be responsible for the accident is liable for damages. |
Get an Instant Quote
Input your requested funding amount and the time your case may take to settle here to see your potential savings and costs when you choose LawsuitLoans.io. While we sometimes offer rates as low as 2.5%, our calculator assumes a simple, non-compounding monthly rate of 3.3%. This calculator is for illustrative purposes only. Actual terms may differ. Please contact us for an instant, written quote for your request.
Advance Amount:
Months Until Settlement:
$2,900
Total Cost
Pay $2,900 on a lawsuit loan of $10,000 if your case settles within 6 months of your advance.
$1,697
Your Savings
Save $1,428 compared to competitors on a lawsuit loan of $10,000 if your case settles within 6 months of your advance.
33%
Percent Savings
Save 33% on a lawsuit loan of $10,000 if your case settles within 6 months of your advance.
Am I Eligible for a Bicycle Accident Loan in Alabama?
Getting funds to cater to your needs while waiting for settlement from a bicycle accident case in Alabama can be challenging. Here, we discuss the eligibility criteria for obtaining a bike accident lawsuit loan.
The primary criteria are quite straightforward. First, you must have a valid legal claim against an insurance company or a self-insured company. This means you need to demonstrate that another party is liable for the accident and that you have incurred damages as a result.
Second, you need to have an attorney hired on a contingency basis. This is a common practice in personal injury claims where the attorney only gets paid if you win the case.
Finally, the applicant must be 18 years old or older. As pre-settlement funding is a financial agreement, it’s mandatory for the applicant to meet the age of majority—which is 18 in most states, including Alabama.
Get up to $500,000 With Rates as Low as 2.5% Simple, Monthly
Types of Bike Accident Claims in Alabama
When riding a bicycle, the risk of crashing is always there. However, some accidents are more serious than others and may result in legal claims. These incidents could vary in their causes, severity, and impact on the victim’s life. Let us explore some common types of bicycle accidents and how they might affect a lawsuit in Alabama.
Rear-End Crashes
A rear-end crash is when a motor vehicle collides with a bicyclist from behind. This type of accident is often due to the driver’s negligence, such as distracted driving or failing to maintain a proper distance.
Dooring Accidents
Dooring accidents occur when a car occupant opens a door without checking for oncoming cyclists. This can cause the cyclist to collide with the opened door. Again, this type is typically linked to the negligence of the car occupant.
Intersections Collisions
Intersection collisions happen when a driver fails to yield at stop signs or red lights, leading to a collision with a cyclist. The driver is usually at fault in such cases.
Impact of Fault Laws in Alabama
In Alabama, the doctrine of Contributory Negligence applies. It means that if a person is even slightly at fault for an accident (i.e., 1% or more), they may not recover damages in a lawsuit. Thus, it’s crucial for bicyclists to ensure they obey traffic rules and ride safely.
If you or a loved one is involved in a bike accident and you believe another party is responsible, you may wish to pursue a lawsuit. A legal professional from LawsuitLoans.io can provide you with the necessary funding while you await the resolution of your case.
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Apply today and get funds in as little as 24 hours!
How Much Money Can I Get From my Bike Accident Pre-settlement Loan?
If you’re involved in a bike accident lawsuit and need funds to cover your expenses, LawsuitLoans.io may just be your solution. We offer pre-settlement loans ranging from $500 to more than $1,000,000 which can cover your needs as your legal case progresses.
In scenario where your case is still ongoing, we can advance up to a maximum of 25% of your expected portion of the settlement. This means that if you are expecting a portion of the settlement, we can give you an advance on that amount.
What if your case has already settled? In this case, we can offer a whopping 50% of your expected portion of the settlement. This ensures you have enough funds available and you don’t have to worry about getting through difficult times.
Let’s walk you through an example. Suppose you’re an Alabama plaintiff involved in a bike accident case with estimated value of $750,000. The case is still in progress and will not settle for some time. As a general rule of thumb, typically medical providers get paid around a third of the settlement amount and attorneys get another third. This leaves you, the plaintiff, approximately $250,000. From this amount, we can advance approximately 25%, or $52,500.
This way you can ensure you aren’t financially crippled as you wait for your legal case to resolve.
Roadway Accident Cases we Fund in Alabama
At LawsuitLoans.io, we provide a variety of pre-settlement loan options. Listed below are some specific types of roadway accident cases that we fund in Alabama:
- Bicycle Accident Loans: If you’re involved in a bicycle accident, and are waiting for your case to resolve, we can provide you with financial support.
- Car Accident Loans: We can help ease the financial stress of a pending car accident claim by providing you with an advance on your settlement.
- Commercial Vehicle Accident Loans: Involved in a commercial vehicle accident? Get the funding you need while waiting for your case to conclude.
- Government Vehicle Accident Loans: If you have a pending lawsuit involving a government vehicle accident, we can provide you with pre-settlement funding.
- Motorcycle Accident Loans: We offer loans for motorcycle accident lawsuits, providing you financial relief while your case is being resolved.
- Pedestrian Accident Loans: Victims of pedestrian accidents can apply for a loan while waiting for their lawsuit to settle.
- Rideshare Accident Loans: If you’ve been involved in a rideshare accident, we can offer financial help until your case resolves.
- Semi-Truck Accident Loans: Semi-Truck accident victims can get the necessary funds to cope with expenses while they wait for their lawsuit to conclude.
Get $500 – $500,000 in as Little as a Single Business Day!
We understand that if you’re applying for funding with us, you needed the funding yesterday. With your attorney’s cooperation, we can provide funding as soon as the same business day.
Cities we Service in Alabama
LawsuitLoans.io provides funding throughout Alabama. See more about our funding in Alabama by visiting the city pages below:
Other Cases we Fund in Alabama
LawsuitLoans.io provides funding for various personal injury and roadway accident cases in Alabama. Read more about the personal injury cases we fund in Alabama here:
- Personal Injury Loans
- Police Misconduct Lawsuit Loans
- Medical Malpractice Lawsuit Loans
- Slip and Fall Lawsuit Loans
- Premises Liability Loans
- Dog Bite Lawsuit Loans
- Wrongful Death Loans
Read more about the roadway accident claims we fund in Alabama here:
Get up to $500,000 With Rates as Low as 2.5% Simple, Monthly
Does LawsuitLoans.io Directly Fund Cases in Alabama?
While LawsuitLoans.io operates as a direct funder in most states it services, we act as a broker and originate funding requests to a select group of partner funding companies in Alabama.