Louisiana 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 Louisiana
A Bicycle Accident Lawsuit Loan, also known as a pre-settlement loan, is a kind of financial aid that’s typically made available to plaintiffs who sustain injuries from bike accidents. The aim of such a loan is to help plaintiffs cover living and medical costs while they wait for their lawsuit settlement.
This type of loan isn’t like an ordinary loan. It’s technically a cash advance on a future legal settlement. Meaning, if you’re the plaintiff in a personal injury case resulting from a bicycle accident, you can access some of your due settlement even before your case concludes.
One unique thing about bike accident lawsuit loans is that they are non-recourse. This means if you don’t win your case, you’re under no obligation to repay the loan. So, you bear no risk in borrowing against your potential settlement. This peculiarity sets them apart from traditional loans where repayment is mandatory regardless of the outcome of the situation that warranted the loan.
In summary, if you’re injured in a bicycle accident in Louisiana and struggling financially while waiting for your lawsuit to resolve, a bicycle accident lawsuit loan could come in handy. This loan allows you to access funds needed for survival and medical bills upfront, relieving much of the financial stress associated with waiting for a case resolution.
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 Louisiana
If you’ve been hurt in a car accident in Louisiana, LawsuitLoans.io can offer financial support. Our car accident loans are based on the facts of your case. They help victims manage bills and expenses before receiving their settlement money. This table provides more details.
| Average car accident loan amount by LawsuitLoans.io in Louisiana | $8,126.46 |
| Largest car accident loan by LawsuitLoans.io in Louisiana | $83,591.00 |
| Average interest rate in Louisiana | 21.5% |
| Median personal injury verdict in Louisiana | $95,000.00 |
| Louisiana statute of limitations | 1 Year; Louisiana Civil Code Section 3492 |
| Louisiana fault laws | Louisiana 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 Louisiana?
If you are involved in a bicycle accident in Louisiana and have suffered injuries, you might be asking yourself if you qualify for a lawsuit loan. Let’s clarify the main eligibility conditions for this type of funding.
The key requirements for lawsuit loans are as follows:
- A valid legal claim: This means you must have a genuine case against an insurance company or a business that is self-insured. Your case should be related to your bicycle accident injuries.
- An attorney on retainer: To be eligible, you need to have an attorney who is handling your case. The attorney should be working on a contingency basis. This implies that the attorney only gets paid if and when they win your case.
- Minimum age requirement: You need to be at least 18 years old to be considered for a bicycle accident loan.
These are the major factors LawsuitLoans.io looks into while reviewing your application for a bicycle accident loan in louisiana. If you fulfill these criteria, you are on the right path to secure a loan to support your financial need while your lawsuit is ongoing.
Get up to $500,000 With Rates as Low as 2.5% Simple, Monthly
Types of Bike Accident Claims in Louisiana
Bike accidents occur in numerous ways often due to negligence, oversight, or unforeseen circumstances. Here are a few examples of bike accidents that could lead to legal claims in Louisiana:
- Accidents at junctions: These typically transpire when motorists fail to notice cyclists or miscalculate their approach speed, causing collisions.
- Dooring incidents: A dooring incident happens when a motor vehicle occupant unexpectedly opens the car door into the cyclist’s path, causing a collision.
- Cycling DUI accidents: Accidents can occur if a cyclist rides under the influence of drugs or alcohol, increasing their likelihood of colliding with other road users.
- Hit-and-Run accidents: These involve instances where the defendant leaves the scene of the accident without providing appropriate contact or insurance information.
In Louisiana, faults laws could significantly impact a plaintiff’s chance of success. If the plaintiff is found to be even 1% at fault for the accident, they may be held contributory negligent, potentially reducing the amount of compensation they could receive. Hence, it’s crucial to gather and provide comprehensive evidence to demonstrate that the accident was predominantly, if not entirely, the defendant’s fault.
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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?
Lawsuit loans from LawsuitLoans.io can range anywhere from $500 to over $1,000,000. While your case is still being resolved, we have the ability to advance funds equal to up to 25% of your expected settlement. In cases that have already settled, we can provide up to half of your anticipated settlement portion.
Let’s look at an example. Consider a plaintiff in Louisiana who was involved in a bike accident. The estimated value of the case is $750,000, but it is still in progress and won’t settle for a while. As a general guideline, the medical providers usually receive about one third of the settlement amount which in this case would be approximately $250,000. Add to that another third of the settlement for attorney fees. Therefore, the plaintiff is typically left with about $250,000.
In such a scenario, LawsuitLoans.io could advance approximately 25% of the plaintiff’s expected portion i.e. $52,500.
Roadway Accident Cases we Fund in Louisiana
We fund nearly all types of roadway accidents in Louisiana. It doesn’t matter what kind of vehicle was involved or the precise nature of your accident; if you’re dealing with repercussions and have filed a legal claim, we can help. Here are just a few examples:
- Bicycle Accident Loans: We provide funding to those entangled in bike accidents, enabling them to cover expenses during case proceedings.
- Car Accident Loans: Our pre-settlement loans help car accident victims maintain financial stability as they seek justice for their ordeal.
- Commercial Vehicle Accident Loans: For those injured in accidents with commercial vehicles, our pre-settlement funding is a lifeline until settlement is achieved.
- Government Vehicle Accident Loans: Even accidents involving government vehicles don’t deter us. Our funding provides financial aid during lengthy legal battles.
- Motorcycle Accident Loans: For motorcycle crash victims, our lawsuit loans provide immediate funds to cope with expenses while waiting for compensation.
- Pedestrian Accident Loans: If you were hit by a vehicle as a pedestrian, we provide funding to help manage financial tasks during your legal fight.
- Rideshare Accident Loans: Rideshare accidents can leave victims with high expenses; with our pre-settlement loans, you can maintain life’s necessities while awaiting resolution.
- Semi-Truck Accident Loans: Accidents involving semi-trucks can be severe. Our lawsuit loans help alleviate financial burdens during ongoing litigation.
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 Louisiana
LawsuitLoans.io provides funding throughout Louisiana. See more about our funding in Louisiana by visiting the city pages below:
Other Cases we Fund in Louisiana
LawsuitLoans.io provides funding for various personal injury and roadway accident cases in Louisiana. Read more about the personal injury cases we fund in Louisiana 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 Louisiana here: