Alabama Motorcycle 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
What Are Motorcycle Accident Lawsuit Loans in Alabama?
If you’ve been injured in a motorcycle accident and have a legal case pending, you might find yourself needing financial assistance while you wait for your case to resolve. This is where a motorcycle accident lawsuit loan can be beneficial. A motorcycle accident lawsuit loan is essentially a cash advance on the future settlement of your legal claim.
These types of loans are non-recourse in nature. What does this mean? Well, it means that if for some reason you do not win your case, you owe nothing back to LawsuitLoans.io. You only pay back the advance if you win your case and get a settlement.
LawsuitLoans.io provides funding to plaintiffs with personal injury and other legal claims while they wait for their legal case to resolve. By using a motorcycle accident lawsuit loan from LawsuitLoans.io, you can ensure that you have the financial stability to wait out the legal process without feeling pressured to accept a low settlement offer.
If you want to apply for a motorcycle accident lawsuit loan, kindly visit LawsuitLoans.io funding application or call our toll-free number at (800) 340-4973 for more information.
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
Car accident loans are a type of funding that plaintiffs in Alabama can access during their auto accident lawsuit. These funds, also known as pre-settlement loans, can supplement your income during the legal process, helping to cover bills and everyday expenses. Below is some important information about car accident loans issued by LawsuitLoans.io.
| 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 up to $500,000 With Rates as Low as 2.5% Simple, Monthly
Am I Eligible for a Motorcycle Accident Loan in Alabama?
If you’ve been involved in a motorcycle accident in Alabama, you may be wondering if you’re eligible for a lawsuit loan. At LawsuitLoans.io, we provide legal funding to plaintiffs who are waiting for their case to resolve.
The primary eligibility criteria for our motorcycle accident lawsuit loans include:
- Having a valid legal claim against an insurance company or self-insured entity.
- Having an attorney hired on a contingency basis. This means that your attorney is only paid their fees if you win your case.
- Being at least 18 years old.
It’s important to note that, unlike traditional loans, lawsuit loans do not require a credit check or employment verification. This form of funding is based solely on the strength of your case. If you meet these criteria and are currently facing financial strain while awaiting the resolution of your legal case, consider applying for funding through our LawsuitLoans.io funding application.
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.
Motorcycle Accident Loan Process in Alabama
If you’re involved in a personal injury lawsuit, waiting for your case to finalize can be frustrating and financially draining. This is where LawsuitLoans.io steps in with its pedestrian vs. auto lawsuit loans. Here’s how it works:
- Apply Online: Use the LawsuitLoans.io funding application to start your application process.
- We Contact Your Law Firm: Once we receive your application, our team will contact your law firm to get more information about your legal claim.
- We Review Your Case: Following the receipt of all the necessary information, we review your case thoroughly. We make sure to understand every detail so that we can provide the best help possible.
- You Sign A Contract: After the case review, if you’re approved for a loan, you’ll sign a contract confirming all the details of your funding.
- You Get Funds: After signing the contract, the funds will be sent your way. You can use this money to cover your living expenses or any other costs while you wait for your lawsuit to resolve.
Now that we have outlined the process let’s give an example to bring this into context. Imagine you are a plaintiff who suffered injuries from a motorcycle accident in Alabama. You are unable to work and medical bills are piling up. You apply for a lawsuit loan with LawsuitLoans.io. We contact your law firm, go through the paperwork, and evaluate your case. Once everything checks out, you sign a contract and soon after, you receive the needed funds. Remember, these funds are non-recourse meaning repayment is contingent on successful resolution of your case. This is an easy and prompt way to get the financial help you need while you wait for your legal case to finalize.
Get Started
Apply today and get funds in as little as 24 hours!
Types of Motorcycle Accident Claims in Alabama
Motorcycle accidents can occur under different circumstances, each with distinct intricacies. Understanding the type of motorcycle accident claim could significantly influence a plaintiff’s chance of success in their lawsuit.
Rear-end Collisions: These accidents happen when a vehicle crashing into the back of a motorcycle. Even at slow speeds, this type of accident can cause significant injury to the motorcyclist.
Left-turn Accidents: These revolve around a car making a left turn and colliding with a motorcycle that is going straight. Since motorcycles are smaller than cars, they can often go unnoticed by drivers making turns.
Lane Splitting: This is when a motorcycle drives between two lanes of stopped or slowly moving cars. This type of accident happens frequently due to the close proximity of the cars to the motorcycle, and the reduced space the motorcyclist has to manoeuvre.
The state of Alabama determines fault based on contributory negligence laws. In this system, plaintiffs can lose their right to compensation if they are found even 1% at fault for the accident. The complexities involved in this legal framework underscores the necessity of choosing experienced representation in an accident claim.
How Much Money Can I Get From my Motorcycle Accident Pre-settlement Loan?
Lawsuit loans from LawsuitLoans.io can range from $500 – $1,000,000+. We can advance up to a maximum of 25% of your expected portion of the settlement if your case is still in progress. For settled cases, we can offer 50% of your expected portion of the settlement.
Let’s consider an example. Suppose you are an Alabama plaintiff in a motorcycle accident case with an estimated value of $350,000. Your case is still in progress and will not settle for some time. As a general rule of thumb, medical providers get paid around 1/3 of the settlement, the attorney gets another 1/3 of the settlement and as a result, you would receive around $115,000. In this scenario, LawsuitLoans.io can advance approximately 25% of that amount or $29,000.
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.
Roadway Accident Cases we Fund in Alabama
At LawsuitLoans.io, we fund nearly every type of roadway accident case in Alabama. Whether you’ve encountered a mishap with a car, a bicycle, or even a large commercial vehicle, we are here to assist you financially during your settlement process. Have a look at the list below:
- Bicycle Accident Loans: Providing financial support when recoveries for injuries from a bicycle accident take longer than expected.
- Car Accident Loans: Assisting victims who are waiting on settlements from car accidents.
- Commercial Vehicle Accident Loans: Relieving the financial strain for those involved in commercial vehicle accidents.
- Government Vehicle Accident Loans: Catering to cases involving vehicles funded by government sectors.
- Motorcycle Accident Loans: Discerning funds for people recovering from motorcycle accidents.
- Pedestrian Accident Loans: Sustaining individuals who have been struck by a motorist while on foot.
- Rideshare Accident Loans: Alleviating financial stress for victims involved in rideshare accidents.
- Semi-Truck Accident Loans: Offering financial assistance to those affected by semi-truck incidents.
Major Cities we Serve in Alabama
LawsuitLoans.io is proud to serve residents in all cities across Alabama and nationwide. Let’s highlight the top 10 cities in Alabama by population that we serve:
- Birmingham
- Montgomery
- Huntsville
- Mobile
- Tuscaloosa
- Hoover
- Dothan
- Auburn
- Decatur
- Madison
No matter where you live, whether in these cities or elsewhere, LawsuitLoans.io is committed to providing pre-settlement funding to plaintiffs awaiting the resolution of their legal claims. For more information, visit our website or call our toll free number at (800) 340-4973. You can also apply directly using our funding application.
Get up to $500,000 With Rates as Low as 2.5% Simple, Monthly
Alabama Motorcycle Accident Funding FAQs
Here are some Frequently Asked Questions (FAQs) about motorcycle accident funding for Alabama residents:
How much does it cost to get a motorcycle accident lawsuit loan?
At LawsuitLoans.io, we aim to make lawsuit funding as affordable as possible. The cost of your loan depends on several factors, including the expected value of your lawsuit and how long it takes for the case to settle. We would be happy to discuss this in more detail with you while ensuring we provide a competitive rate.
Do I qualify for a lawsuit loan on my motorcycle accident case?
Whether you qualify depends on a few factors. These include the merits of your personal injury claim, whether negligence can be proven in your motorcycle accident, and the likelihood of securing a favorable judgment or settlement. To learn more about your specific case, don’t hesitate to contact us directly at (800) 340-4973, or click here to apply.
Can you get a loan on a motorcycle accident settlement?
Yes, you can get a loan against your potential motorcycle accident settlement. The loan will be repaid from the successful settlement of your lawsuit. If the lawsuit does not result in a successful settlement, you don’t owe us anything.
Cities we Service in Alabama
LawsuitLoans.io provides funding throughout Alabama. See more about our funding in Alabama by visiting the city pages below:
Get Started
Apply today and get funds in as little as 24 hours!
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:
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.