Maine Pedestrian Accident Loans
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- Rates As Low As 2.5% Simple, Monthly
- Repay $0 If You Lose
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What Are Pedestrian Accident Loans in Maine
If you’ve been injured as a pedestrian by a motor vehicle in Maine, you’re likely dealing with a lot of stress. Medical bills, lost income, and daily living expenses can pile up. This is where pedestrian accident loans come into play.
Pedestrian accident loans, also commonly known as car accident loans, are non-recourse advances made to plaintiffs – like yourself – who are awaiting the resolution of a car accident lawsuit. These loans provide financial relief to plaintiffs struggling with unexpected expenses while their case is being settled.
The term “loan” might be misleading, as this funding is not your typical loan. It’s a form of pre-settlement funding or legal finance. Unlike standard loans, if you don’t win your case, you owe nothing back – hence the term “non-recourse”. In essence, these funds are an advance on your future settlement award.
Every case is unique, so the amount of funding you could receive depends on the expected value of your case. If approved for a pedestrian accident loan, the fund can assist in covering your basic needs while you wait for your case to resolve.
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 Maine
If you’re dealing with a car accident claim in Maine, it’s important to understand that getting financial support while waiting for your lawsuit to resolve is possible. LawsuitLoans.io can provide you with a car accident loan, which is a type of lawsuit advance designed specifically for plaintiffs in auto incident claims. It’s a way of accessing funds based on the potential settlement you may receive from your personal injury claim. Now, let’s dive deep into some key details pertaining to car accident loans in this state.
|Average car accident loan amount by LawsuitLoans.io in Maine||Not enough data available|
|Largest car accident loan by LawsuitLoans.io in Maine||Not enough data available|
|Average interest rate in Maine||Not enough data available|
|Median personal injury verdict in Maine||$27,000 to $113,500|
|Maine statute of limitations||6 years; Maine Revised Statute Title 14 Section 751|
|Maine fault laws||Maine 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 Maine?
To apply for a pedestrian accident loan in Maine, there are certain eligibility criteria you must meet. First and foremost, you need to have a valid legal claim. This means you are pursuing legal action against an insurance company or a self-insured company because they are responsible for your accident.
Secondly, you need to have hired an attorney on a contingency basis. A contingency fee agreement implies your attorney only gets paid if they win your case. This agreement is a standard practice in personal injury cases, including pedestrian accidents. It assures the lawsuit loans company that someone is fighting for your cause.
Thirdly, you must be at least 18 years old. This age requirement is standard in most legal transactions because it signifies you are an adult and can make informed decisions independently.
If you meet these requirements, you might be eligible for a pedestrian accident lawsuit loan. Visit LawsuitLoans.io’s funding application to submit your application today. Need assistance? Call us toll-free at (866) 594-1343.
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 Maine
If you’ve been injured as a pedestrian in an accident, you may be considering a lawsuit loan to help cover your expenses while your case is being resolved. Lawsuit loans are also known as pre-settlement funding and can be a lifeline for plaintiffs during long and costly legal cases.
This process typically follows five main steps:
- Apply online: You start by submitting your application at the lawsuit fund application.
- We contact your law firm: After receiving your application, we reach out to your law firm to gather further details about your case.
- We review your case: Our team of legal experts then reviews your case to decide if you’re eligible for a lawsuit loan.
- You sign a contract: If your case qualifies, we then prepare a contract describing the terms of the loan which you must sign to proceed.
- You get funds: Once the contract is signed and returned, we immediately process your loan and send the funds.
A Real-Life Example
Consider the example of John Doe, a plaintiff who was injured in a pedestrian accident. After the accident, he was unable to work and became financially strained. Knowing he had a strong legal case, but not able to wait for the resolution, he applied for a lawsuit loan here.
After filing the application, we contacted John’s law firm and reviewed his case thoroughly. Because he had a valid personal injury claim, we proceeded to draft a contract detailing the terms of the loan. As soon as John signed and returned the contract, the funds were transferred to him. This financial support allowed John to overcome his financial troubles while waiting for his lawsuit to conclude.
Apply today and get funds as soon as the same day you apply!
Types of Pedestrian Accident Claims in Maine
A pedestrian accident involves any incident where a person on foot is hit by a moving vehicle. While these incidents are often detrimental to the pedestrian, Maine law helps to ensure they aren’t powerless in the aftermath. Let’s consider a few typical examples of pedestrian accidents and discuss how Maine’s fault laws may impact the outcome of the plaintiff’s lawsuit.
First and foremost, there’s the classic case of a car failing to stop at a crosswalk, striking a pedestrian who has the right-of-way. In such a situation, the driver of the vehicle is typically held responsible for damages. Similarly, not just motor vehicles, bicycles can also cause accidents by failing to follow road rules. Bicycle-related accidents are becoming increasing common in urban areas.
Secondly, accidents caused by distracted or impaired drivers pose a significant problem. Whether it’s due to alcohol, drugs, or smartphone use, these drivers put pedestrians at high risk. Should a victim decide to sue, the driver’s negligence would heavily influence the lawsuit outcomes.
Maine operates under a “modified comparative negligence” system. This means that as long as the pedestrian was less than 50% at fault for the accident, they can collect damages from the other party. However, their award will reduce if they were found to bear some responsibility for the accident.
Regardless of the specific circumstances, LawsuitLoans.io remains committed to providing pre-settlement funds to plaintiffs with personal injuries resulting from pedestrian accidents. These funds help carry victims through the legal process, ensuring they receive fair compensation for their injuries.
How Much Money Can I Get From my Pedestrian Accident Pre-settlement Loan?
LawsuitLoans.io offers lawsuit loans ranging between $500 and over $1,000,000. If your legal case is still in progress, we can advance up to 25% of your expected share from the settlement. On the other hand, for concluded cases, we can provide you with 50% of your likely part of the settlement.
Here’s an instance for clarity: Consider you are a plaintiff in Maine with a pedestrian accident case estimated to be worth $300,000. And, let’s assume your case is yet to settle and will take some time. Generally, medical service providers receive approximately 1/3 of the settlement amount, leaving the attorney with another 1/3 of the settlement. This typically leaves the plaintiff with the last 1/3 of the settlement, in this scenario, around $100,000. We at LawsuitLoans.io, can then advance roughly 25% of that $100,000 – equating to about $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 Maine
At LawsuitLoans.io, we fund almost any type of roadway accident in Maine. We understand the financial stress you may be going through while waiting for your legal case to resolve. Here is a list of specific cases we offer funding for:
- Bicycle Accident Loans: We provide funds for victims of bicycle accidents while they wait for their case settlement.
- Car Accident Loans: Get funds now and pay back only if you win your car accident lawsuit.
- Commercial Vehicle Accident Loans: We offer pre-settlement funding for victims of commercial vehicle accidents.
- Government Vehicle Accident Loans: Funding available for those injured in government vehicle accidents.
- Motorcycle Accident Loans: If you’ve been injured in a motorcycle accident, apply for a loan now.
- Pedestrian Accident Loans: Get financial help while you wait for your pedestrian accident lawsuit to settle.
- Rideshare Accident Loans: If you’ve been injured in a rideshare accident, we can provide pre-settlement funds.
- Semi-Truck Accident Loans: LawsuitLoans.io can help with funding while you await your semi-truck accident settlement.
Major Cities we Serve in Maine
LawsuitLoans.io is proud to serve residents throughout the state of Maine. While we provide funding nationwide, here are the top 10 cities by population in Maine that we frequently assist with pre-settlement funding:
- South Portland
No matter your location in Maine or across the country, LawsuitLoans.io can offer you the financial support you need while you wait for your legal case to resolve. For more information, visit us at LawsuitLoans.io or give us a call at (866) 594-1343. You can also apply directly via our funding application located at LawsuitLoans.io funding application.
Get up to $500,000 with rates as low as 2.5% simple, monthly
Maine Pedestrian Accident Funding FAQs
If you live in Maine and have been part of a pedestrian accident, you might have some questions about your legal case. We’ve answered a few common queries below.
How much does it cost to get a pedestrian accident lawsuit loan?
The cost of a pedestrian accident lawsuit loan can vary. It depends on the specifics of your case and how the funding company assesses the risk. At LawsuitLoans.io, we tailor our rates based on the individual case, always striving to offer a competitive and fair rate.
Do I qualify for a lawsuit loan on my pedestrian accident case?
Qualifying for a lawsuit loan depends on several factors. These typically include the strength of your legal claim and the likely damages award if you win your case. At LawsuitLoans.io, we review these factors and more when processing your funding application.
Can you get a loan on a pedestrian accident settlement?
Yes, it is possible to get a loan on a pedestrian accident settlement. This type of funding is designed to help plaintiffs cover their living expenses while they wait for the resolution of their case. Bear in mind that every case is unique, so the terms and amounts can vary.
Does LawsuitLoans.io Directly Fund Cases in Maine?
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 Maine.