Massachusetts 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 Massachusetts
When a person is injured as a pedestrian in a car accident, the financial burdens they face can be overwhelming. Medical bills accumulate quickly and time off work further adds to the strain. Pedestrian accident loans in Massachusetts aim to alleviate some of this burden. Also known as pre-settlement funding or lawsuit loans, they provide a financial lifeline for plaintiffs awaiting a car accident settlement.
Lawsuit loans work in a simple manner. They provide you with an advance on your future settlement money. In other words, it’s a portion of the results of your legal claim that’s advanced to you now, to help mitigate your financial worries while you wait for your case to be settled.
One of the notable features of pedestrian accident loans is they are non-recourse advances. This means if you don’t win your case, you owe nothing. The risk is solely on the lender.
So, to summarize, if you are involved in a pedestrian accident and have filed a lawsuit against the party at fault, you could be eligible for a car accident loan. It will provide immediate relief from the financial pressures brought on by your accident, and the best part, there’s no risk involved for you.
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 Massachusetts
In Massachusetts, LawsuitLoans.io is a reliable resource for car accident loans. We provide needed funding while your legal case is ongoing. Before checking the details mentioned in the table below, here’s a quick fact to remember—In Massachusetts, regardless of who caused the accident, your own insurance covers your losses as it is a “no-fault” state.
|Average car accident loan amount by LawsuitLoans.io in Massachusetts||$34,649.00|
|Largest car accident loan by LawsuitLoans.io in Massachusetts||$134,795.00|
|Average interest rate in Massachusetts||18.5%|
|Median personal injury verdict in Massachusetts||$31,000.00|
|Massachusetts statute of limitations||3 years; Mass. Ann. Laws Ch. 260 Section 1|
|Massachusetts fault laws||Massachusetts is a “no-fault” state, meaning your own insurance covers your losses regardless of who caused the accident.|
Get up to $500,000 with rates as low as 2.5% simple, monthly
Am I Eligible for a Pedestrian Accident Loan in Massachusetts?
Many people wonder whether they qualify for pedestrian accident loans in Massachusetts. In this section, we’ll cover the primary eligibility criteria for obtaining such a loan.
The first primary qualifying factor is having a legitimate legal claim. This implies making a claim against either an insurance company or a self-insured entity due to injuries sustained from a pedestrian accident. If the accident was not your fault, there’s a high chance you have a valid claim.
The second essential criteria is the need for legal counsel hired on a contingency basis. Having an attorney increases the chances of your lawsuit succeeding. So if you have engaged an attorney to represent you under the agreement that they only get paid if they win your case, you are moving in the right direction.
The final criteria is age – all applicants must be at least 18 years old. This is a standard legal requirement, as minors cannot enter into binding contracts, which a loan agreement is.
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 Massachusetts
If you were a pedestrian involved in an auto accident in Massachusetts and have a pending lawsuit, LawsuitLoans.io can provide financial help. This help comes in the form of a pre-settlement loan. The process of obtaining such a loan is straightforward and comprises five main steps:
- Apply online: Start your lawsuit loan application process by offering basic information about your case. This includes your attorney’s contact information. Use the online application found at LawsuitLoans.io Funding Application.
- We contact your law firm: After you apply, we contact your law firm to validate the details of the case.
- We review your case: Our team of experts will analyze your case detail to determine if you qualify for the lawsuit loan.
- You sign a contract: If approved, we will send a contract for you and your attorney to sign, acknowledging the terms of the loan.
- You get funds: Once everything is agreed upon and signed, you will receive your lawsuit loan. The funds can be used to cover living expenses, pay medical bills or any other need while waiting for your case resolution.
For example, consider a plaintiff, John, who was injured in a pedestrian accident in Massachusetts. He had a legal claim pending, but the straightforward process allowed him to secure the financial help through LawsuitLoans.io in a timely manner, even before his lawsuit resolved.
Apply today and get funds as soon as the same day you apply!
Types of Pedestrian Accident Claims in Massachusetts
Pedestrian accidents are sadly common and can happen in a variety of ways. They often involve motor vehicles, but can also occur due to poor property maintenance or unsafe public spaces. This section will detail a few examples of pedestrian accidents, explain how they occur, and discuss how Massachusetts fault laws could impact a plaintiff’s success in their lawsuit.
Vehicle-Related Pedestrian Accidents
These are the most common type of pedestrian accidents. Drivers failing to yield, distracted driving, speeding, or driving under the influence are common culprits. In such cases, motorists are usually found responsible. However, if the pedestrian was jaywalking or not following traffic rules, partial or total blame could fall on them.
Slip and Fall Accidents
These can occur due to uneven sidewalks, poorly lit paths, or icy conditions. Property owners may be held liable if they failed to maintain their premises safely.
Public Transportation Accidents
Buses, trams, and trains can also be involved in pedestrian accidents. If the accident occurred due to negligence on part of the driver or the organization, they can be held accountable.
In Massachusetts, a “modified comparative negligence” rule applies. This means that if the plaintiff is found to be more than 50% at fault for the accident, they cannot recover damages. Therefore, understanding and establishing fault is critical in pedestrian accident lawsuits.
How Much Money Can I Get From my Pedestrian Accident Pre-settlement Loan?
Pre-settlement loans offered by LawsuitLoans.io can significantly vary in amount. Our loan amounts can range from as little as $500 to an impressive $1,000,000 and above. When your case is still underway, the most we can offer you is up to a quarter, or 25%, of what you’re expected to receive from your settlement.
In situations where a settlement has already been reached, that amount goes up significantly. We can then extend you an advance equal to half, or 50%, of your expected portion of the settlement.
For instance, let’s consider a plaintiff in Massachusetts involved in an ongoing pedestrian accident case. The estimated value of their case is $300,000, but it’s not yet settled. Typically, medical providers receive about one third of the settlement value, and the attorney takes another third. That would leave our plaintiff with roughly $100,000 from their settlement. In this scenario, LawsuitLoans.io could provide an advance of around 25% of that sum, which equates to $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 Massachusetts
At LawsuitLoans.io, we provide funding for almost any type of roadway accident in Massachusetts. Consider whether your case falls into any of the following categories:
- Bicycle Accident Loans: We provide loans to individuals involved in bicycle accidents that have resulted in injury.
- Car Accident Loans: Car accidents can carry heavy financial burdens. Our loans aim to lessen this strain while your case is being resolved.
- Commercial Vehicle Accident Loans: Injuries sustained from commercial vehicle accidents can have lasting impacts. Our loans can provide financial relief during this difficult time.
- Government Vehicle Accident Loans: Government vehicle accident cases can be complex. While your case is in-progress, our loans aim to alleviate financial stress.
- Motorcycle Accident Loans: We provide loans to plaintiffs dealing with injuries from motorcycle accidents.
- Pedestrian Accident Loans: Pedestrians involved in accidents may be faced with costly medical bills. Our loans aim to help cover these costs.
- Rideshare Accident Loans: If you’ve been injured in a rideshare accident, we provide loans that can relieve financial pressure during this challenging period.
- Semi-Truck Accident Loans: Semi-truck accidents can be devastating and costly. Our loans are designed to provide monetary aid during your case.
Major Cities we Serve in Massachusetts
LawsuitLoans.io is committed to providing lawsuit funding to residents across the whole state of Massachusetts, as well as nationwide. We serve residents from all areas, big or small, with a special focus on the following ten cities, listed by population size:
- New Bedford
- Fall River
Remember, no matter if you live in the listed cities or elsewhere in Massachusetts, LawsuitLoans.io is here to help you with your pre-settlement funding needs while you wait for your legal case to resolve. Find us at our website: LawsuitLoans.io, give us a call at our toll free phone number: (866) 594-1343 or use our application located at: LawsuitLoans.io funding application.
Get up to $500,000 with rates as low as 2.5% simple, monthly
Massachusetts Pedestrian Accident Funding FAQs
There are many questions Massachusetts residents might have about pedestrian accident lawsuit loans. Here, we aim to answer some of the most frequently asked questions.
How much does it cost to get a pedestrian accident lawsuit loan?
Fees associated with pedestrian accident lawsuit loans will depend on the nature of your case and its potentials. Different funding companies offer different pricing structures. At LawsuitLoans.io, we strive to provide affordable and straightforward rates. Feel free to contact us at (866) 594-1343 or apply through our online funding application form for more information about your specific case.
Do I qualify for a lawsuit loan on my pedestrian accident case?
Qualification for a pedestrian accident lawsuit loan largely depends on the strength of your case. If you have a strong case and a lawyer, there’s a great chance you’ll qualify for a lawsuit loan. The expert team at LawsuitLoans.io can help assess your case and determine your eligibility.
Can you get a loan on a pedestrian accident settlement?
Yes, you can get a loan on a pedestrian accident settlement. This kind of loan is actually a “cash advance” against the anticipated settlement of your lawsuit. If your claim is solid and you expect to receive a settlement, LawsuitLoans.io can help provide the funds you need while you wait for your legal case to resolve.