California Pedestrian Accident Loans

What Are Pedestrian Accident Loans in California

If you’ve been injured as a pedestrian in California, you may have heard of “pedestrian accident loans”. But what are they, and how do they work?

A pedestrian accident loan is not actually a loan. Instead, it’s a form of pre-settlement funding. It’s an advance on money you might receive through a future car accident settlement.

This money can be used to cover immediate costs after your accident. These could be medical bills, loss of income, living expenses, or anything else you need.

The key feature of a pedestrian accident loan is that it is non-recourse. This means if you don’t win your case, you don’t need to pay back the advance.

So, if you’re facing financial stress while waiting for your legal case to resolve, a pedestrian accident loan might be an option to consider.

Key Information About Car Accident Loans in California

If you’ve been in a car accident in California and are waiting for your lawsuit to resolve, you might be eligible for a car accident loan from LawsuitLoans.io. This pre-settlement funding can provide you with the financial support you need in this challenging time.

Am I Eligible for a Pedestrian Accident Loan in California?

If you’ve been injured in a pedestrian accident and are considering a lawsuit loan, you may be wondering what the eligibility requirements are. The good news is that the primary eligibility criteria are straightforward.

Firstly, you need to have a valid legal claim against an insurance company or a self-insured company. Simply put, if you’re involved in a legal claim following your pedestrian accident and you’re suing either an insurance company or self-insured company, you may qualify for a lawsuit loan.

Secondly, it’s important to have an attorney hired on a contingency basis. This means your attorney only gets paid if they win or settle your case. This demonstrates to LawsuitLoans.io that you have legal representation committed to winning your case.

Finally, you must be at least 18 years old. While this might seem obvious, it’s an important requirement as minors cannot legally enter into contracts.

If you meet these requirements, you could potentially receive a pedestrian accident loan in California through LawsuitLoans.io. Contact us today at our toll-free number (866) 594-1343 or fill out the application form located at LawsuitLoans.io funding application to get started.

Pedestrian Accident Loan Process in California

Pedestrian accidents can happen unexpectedly and can put serious financial strain on the victim. Our pedestrian versus auto lawsuit loans come to the rescue during such times. These are pre-settlement loans designed to assist plaintiffs with funds while they anticipate resolution of their cases.

The five key steps to obtaining a pedestrian accident loan with LawsuitLoans.io include the following:

1. Apply Online: The first step is filling out our application form, available at LawsuitLoans.io funding application.
2. We Contact Your Law Firm: After we receive your application, we get in touch with your law firm to gather more information about your case.
3. We Review Your Case: Our team reviews the details of your case carefully. We base our loan approval decisions on the strength and merits of your case.
4. You Sign a Contract: If your loan gets approved, you’ll sign a contract agreeing to the terms and conditions of the loan.
5. You Get Funds: Finally, once you’ve signed the contract, you’ll receive your funds, which you can use to cover any immediate financial needs.

Let’s consider an example of a plaintiff named John who was injured in a pedestrian accident. John, unable to work because of his injuries, found himself needing funds to cover his daily expenses and medical bills. He completed our online application and we got in touch with his law firm to understand his case better. Based on the merits of his claim, we decided to grant John the lawsuit loan. After he agreed to the terms and signed the contract, he received his funds. These funds provided the financial relief he needed while awaiting for his lawsuit to be resolved.

Types of Pedestrian Accident Claims in California

In California, pedestrian accident claims often involve a range of unfortunate incidents. They can include incidents involving pedestrians hit by cars, bicyclists, or even individuals on electric scooters. Regardless of the vehicle involved, these accidents are usually severe, resulting in significant injuries and even fatalities.

A common pedestrian accident scenario is an individual being struck by a car when crossing the street. This instance may occur when drivers fail to yield right-of-way to the pedestrian at crosswalks, or when drivers are not paying attention due to factors like distracted driving, intoxication, or simple negligence.

Accidents involving bicycles and electric scooters are also increasingly common. This is due to the growing use of alternative transportation methods in urban areas. In such cases, a pedestrian can be injured when a cyclist or scooter rider fails to follow traffic laws or loses control of their vehicle.

California uses a “pure comparative negligence” law, meaning that the fault for an accident can be shared. This means that even if a pedestrian is partially at fault for the accident, they may still be able to recover damages. However, their compensation will be reduced by their percentage of fault. For instance, if a pedestrian is found to be 20% at fault, their monetary recovery would be reduced by 20%.

The circumstances of each accident greatly impact the potential outcome of a lawsuit. If an accident occurs because of clear fault on part of another individual (like a speeding driver), a pedestrian is likely to have a higher chance of success in their lawsuit. Therefore, knowing how fault laws apply can be crucial to understand your potential for legal recovery.

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 provide funds up to a maximum of 25% of your expected share of the settlement if your case is still unresolved. For settled cases, we can advance 50% of your expected share of the final settlement.

Let’s explore an example. Suppose a plaintiff in California is involved in a pedestrian accident case estimated to be worth $300,000. The case is still ongoing and won’t be settled for some time. Generally speaking, medical providers receive around 1/3 of the settlement, the attorney gets another 1/3 of the settlement. This leaves the plaintiff with an expected share of approximately $100,000. In such a case, we can advance about 25% of that amount, or $25,000, to the plaintiff.

Roadway Accident Cases we Fund in California

We fund almost any type of roadway accident in California. Here are some of the cases that fall under our purview:

• Bicycle Accident Loans: When a rider has been injured due to another’s negligence.
• Car Accident Loans: We provide funding for victims of various vehicle accidents.
• Commercial Vehicle Accident Loans: For commercial vehicle drivers who have suffered injuries while on duty.
• Government Vehicle Accident Loans: If you’ve been injured due to a government vehicle’s negligence, you’re covered.
• Motorcycle Accident Loans: We help motorcycle accident victims secure needed funding.
• Pedestrian Accident Loans: If you were hit as a pedestrian, we can provide a loan to cover your costs.
• Rideshare Accident Loans: Rideshare users or drivers who have been injured can secure funding with us.
• Semi-Truck Accident Loans: For those who are injured in semi-truck accidents, we offer financial support.

Major Cities we Serve in California

LawsuitLoans.io provides funding solutions for those involved in legal claims across the United States. For residents within California, we extend our services to every city included but not limited to the ten most populous cities listed below:

• Los Angeles
• San Diego
• San Jose
• San Francisco
• Fresno
• Sacramento
• Long Beach
• Oakland
• Bakersfield
• Anaheim

Please note that regardless of your location in California or nationwide, LawsuitLoans.io is set to provide you with the pre-settlement funding you need. You can reach us through our toll-free phone number at (866) 594-1343 or apply through our website at LawsuitLoans.io funding application.

California Pedestrian Accident Funding FAQs

This section addresses frequently asked questions (FAQs) specifically for California residents related to pedestrian accident lawsuit funding. If you’re a victim of a pedestrian accident and suing, these answers may be useful to you.

How much does it cost to get a pedestrian accident lawsuit loan?

Lawsuit funding is not like typical loans as there are no upfront costs or regular payments. You only pay back the amount if—and when—you win your case. The cost varies depending on the details of your case and the risk involved.

Do I qualify for a lawsuit loan on my pedestrian accident case?

To qualify for a pedestrian accident lawsuit loan, you must have a valid claim against another party, an attorney representing you, and sustained injuries requiring medical treatment. However, every situation is unique, and we evaluate cases individually.

Can you get a loan on a pedestrian accident settlement?

Yes, you can. After reaching a settlement agreement, but before actually receiving the funds, many plaintiffs take out a post-settlement loan. During this period, it could take months or even years before you receive your money. A post-settlement loan helps cover living expenses or medical bills until then.