Alabama Pedestrian Accident Loans
- Get Cash As Soon As Today
- Rates As Low As 2.5% Simple, Monthly
- Repay $0 If You Lose
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What Are Pedestrian Accident Loans in Alabama
If you’ve been involved in a pedestrian accident in Alabama, you may find yourself dealing with costly medical bills, lost wages from the inability to work, and other financial hardships. While awaiting your legal case to resolve, you may need financial assistance. That’s where pedestrian accident loans come in. They are pre-settlement funding provided by LawsuitLoans.io to help you meet your immediate financial needs.
Pedestrian accident loans, sometimes referred to as car accident loans, are essentially non-recourse advances on your future accident settlement. This means, if you are a plaintiff in a personal injury or legal claim involving a pedestrian accident, you are eligible to receive an advance on your potential future settlement from LawsuitLoans.io. This type of loan is categorized as “non-recourse” because you only have to pay back the money if you win your case. If you lose your case, you don’t owe anything back.
This form of financial aid helps to alleviate the immediate financial pressure the injured party may be experiencing. This provides plaintiffs the necessary time to work with their attorneys to secure the best possible settlement without being forced to accept low-ball offers due to financial pressure.
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
In Alabama, LawsuitLoans.io offers car accident loans to individuals involved in legal claims. These funds help ease financial burdens while the legal process unfolds. Here are some key statistics about our 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 up to $500,000 with rates as low as 2.5% simple, monthly
Am I Eligible for a Pedestrian Accident Loan in Alabama?
If you’re involved in a pedestrian accident in Alabama and have filed a lawsuit, you might be wondering about lawsuit loans. These loans provide financial help while you wait for your case to resolve. But, are you eligible?
The main eligibility criteria for a pedestrian accident lawsuit loan are:
- Having a valid legal claim against an insurance company or a self-insured company.
- Having an attorney working on your case on contingency, meaning they get paid only if you win your case.
- Being at least 18 years old.
These are the main factors that LawsuitLoans.io uses to determine your eligibility for a lawsuit loan. If you meet these criteria, you could qualify for financial assistance while you wait for your court case.
Get an Instant Quote
Input your requested funding amount and the time your case may take to settle here to see your savings and cost when you choose LawsuitLoans.io. While we sometimes offer interest rates as low as 2.5%, our calculator assumes an interest rate of 2.9%. This calculator is illustrative – please contact us for an instant, written quote for your request.
Months Until Settlement:
Pay as little as $2,631 on a lawsuit loan of $10,000 if your case settles within 6 months of your advance.
Save as much as $1,697 on a lawsuit loan of $10,000 if your case settles within 6 months of your advance.
Save as much as 39% on a lawsuit loan of $10,000 if your case settles within 6 months of your advance.
Pedestrian Accident Loan Process in Alabama
If you are a pedestrian who has been injured in an accident involving a vehicle, you might be considering a lawsuit loan. This is a specific type of funding that you can apply for while your legal case is pending. At LawsuitLoans.io, we’re committed to providing this much-needed financial assistance. Our process is simple and straightforward with just five main steps:
- Apply online: Start by filling out our application on the LawsuitLoans.io funding application page.
- We contact your law firm: Once we receive your application, we’ll get in touch with your law firm to discuss details of your case.
- We review your case: In close collaboration with your law firm, we thoroughly review your case to make a fair funding decision.
- You sign a contract: After we agree on the funding amount, we draw up a contract for you to sign.
- You get funds: As soon as the contract is signed, you’ll receive your lawsuit loan funds.
Let’s walk you through an example. Consider John, a pedestrian from Alabama, who was seriously injured when hit by a car. He decided to take the matter to court. While awaiting a settlement, his medical bills and daily expenses were piling up. John completed our online application. We contacted his law firm, reviewed his case, and agreed on a reasonable advance amount. John quickly received his funds after signing the agreement. So if you find yourself in a similar situation, remember that LawsuitLoans.io is here to help you bridge the financial gap.
Apply today and get funds as soon as the same day you apply!
Types of Pedestrian Accident Claims in Alabama
Many pedestrian accidents occur every year. In some cases, these mishaps can lead to significant injuries or even death. Understanding the types of pedestrian accident claims can provide helpful insight for Alabama residents.
The first common type of accident is when a pedestrian is struck by a car. This can happen when a driver is not paying attention, is speeding, or fails to yield right-of-way at crosswalks. Another common type is when a pedestrian falls due to unsafe conditions such as broken sidewalks or potholes that have not been addressed by property owners.
In Alabama, there are fault laws that could impact a plaintiff’s chance of success in their lawsuit. According to these laws, pedestrians must not have played a role in causing the accident. If the pedestrian is found to be partially at fault, it may reduce the amount they can receive in compensation.
In conclusion, there are several types of pedestrian accidents. These can vary from being hit by a car to falling due to unsafe conditions. Knowing how these happen and understanding the laws in Alabama can play a key role in the success of a lawsuit.
How Much Money Can I Get From my Pedestrian 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.
For example, imagine a plaintiff in Alabama who has a pedestrian accident case with an estimated value of $300,000. The 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, the plaintiff would receive around $100,000. In such a situation, we can advance approximately 25% of that amount, or $25,000.
Get $500 – $100,000 as soon as today
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 day you apply with us.
Roadway Accident Cases we Fund in Alabama
At LawsuitLoans.io, we fund almost any type of roadway accident in Alabama. Here are the common accident cases we cater to:
- Bicycle Accident Loans: We provide funding for bicycle accident cases in Alabama.
- Car Accident Loans: If you’re facing financial hurdles due to a car accident, our loans can help.
- Commercial Vehicle Accident Loans: We fund commercial vehicle accident cases ensuring your needs are met.
- Government Vehicle Accident Loans: Experiencing hardships from a government vehicle accident? We can offer financial support.
- Motorcycle Accident Loans: We extend lawsuit loans to plaintiffs involved in motorcycle accidents.
- Pedestrian Accident Loans: For those injured as pedestrians, we have loan options.
- Rideshare Accident Loans: If you’ve been involved in a rideshare accident, we’re here to help.
- Semi-Truck Accident Loans: For victims of semi-truck accidents, we provide loan services tailored to your needs.
Major Cities we Serve in Alabama
Here at LawsuitLoans.io, we are proud to serve clients across the United States, including every city in the great state of Alabama. Below is a list of the top 10 most populous cities in Alabama. Please note that our services extend far beyond these cities and are available to residents statewide and nationwide.
If you live in one of these cities, or anywhere else in Alabama or around the US, and have a personal injury or other legal claim, consider applying for funding through LawsuitLoans.io funding application. We are here to provide financial support while you wait for your legal case to resolve.
Get up to $500,000 with rates as low as 2.5% simple, monthly
Alabama Pedestrian Accident Funding FAQs
If you are a resident of Alabama who’s been involved in a pedestrian accident, you may have some common questions regarding lawsuit loans. Here are some frequently asked questions and their answers:
How much does it cost to get a pedestrian accident lawsuit loan?
The cost to get a pedestrian accident lawsuit loan varies. It depends on the specifics of your case and your legal situation. At LawsuitLoans.io, we strive to provide the most affordable rates possible.
Do I qualify for a lawsuit loan on my pedestrian accident case?
Qualifying for a lawsuit loan depends on various factors such as the strength of your claim and the likely outcome. You can apply online at LawsuitLoans.io funding application and our team will evaluate your case promptly.
Can you get a loan on a pedestrian accident settlement?
Yes, it is possible to get a loan against your pending pedestrian accident settlement. This funding helps you manage your expenses while awaiting the settlement process to be completed.
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.