Michigan 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 Michigan?
A car accident loan, in the context of pedestrian accidents in Michigan, refers to a type of pre-settlement funding. This kind of financial aid offers immediate cash to plaintiffs involved in such incidents. It’s designed to supplement their financial needs as they wait for their legal cases to conclude – a process which often takes considerable time.
When a plaintiff chooses a pedestrian accident loan, the company providing the funds extends a non-recourse loan. This means that the repayment is contingent on the case settling in the plaintiff’s favor and them receiving a monetary reward. If the plaintiff doesn’t win their case, they’re under no obligation to repay the loan.
These loans play an essential role especially when injured pedestrians face mounting expenses such as medical bills and living costs while their source of income may be disrupted due to their injuries. By acquiring a pedestrian accident loan, plaintiffs can ensure they can uphold their standard of living and afford necessary legal expenses until their case resolves.
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 Michigan
If you’re involved in a car accident in Michigan, you might be eligible for a car accident loan. These types of loans are designed to provide financial relief while your legal case is being resolved. The table below shows some key information regarding car accident loans in Michigan.
|Average car accident loan amount by LawsuitLoans.io in Michigan||$14,827.50|
|Largest car accident loan by LawsuitLoans.io in Michigan||$100,700.00|
|Average interest rate in Michigan||21.0%|
|Median personal injury verdict in Michigan||$99,506.00|
|Michigan statute of limitations||3 Years; Michigan Comp. Laws Section 600.5801|
|Michigan fault laws||Michigan 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 Michigan?
Qualifying for a pedestrian accident loan in Michigan requires meeting certain criteria. The primary requirements are as follows:
- You must have a valid legal claim against an insurance company or a self-insured company. This means you should be part of an ongoing lawsuit where the other party is responsible for the accident.
- You need to have an attorney working on your case on contingency basis. This means your attorney is paid only when they win the case for you.
- You must be at least 18 years old, which is the legal age for entering into a contract in Michigan.
If you meet these primary eligibility conditions, you stand a good chance of qualifying for a pedestrian accident lawsuit loan from LawsuitLoans.io.
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 Michigan
Getting a lawsuit loan can be a crucial lifeline for pedestrian accident victims in Michigan. This section provides a brief overview of how pedestrian vs. auto lawsuit loans work and the steps involved in securing one.
Here are the five main steps in obtaining a lawsuit loan from LawsuitLoans.io:
- Apply online at LawsuitLoans.io funding application.
- We contact your law firm to gather more information about your case.
- We conduct a thorough review of your case.
- If approved, you sign a contract detailing the terms of the loan.
- You get the funds you need. It’s that simple.
Let’s walk through an example. Meet John, a pedestrian who was injured in an accident involving a reckless driver. With medical bills piling up and unable to work due to his injuries, John decided to seek pre-settlement funding from LawsuitLoans.io.
John applied online via the secure application form, providing basic details of his case and his attorney’s contact information. Afterward, LawyersLoans.io got in touch with his law firm, reviewed his case, and determined that he had a strong claim.
Within days, LawyersLoans.io offered John a non-recourse loan. He signed the contract after understanding all the terms and immediately received the funds he desperately needed. With this financial support, John could now peacefully wait for his lawsuit to resolve without worrying about his mounting bills.
This process underscores how easy and straightforward obtaining a lawsuit loan can be, especially during complex personal injury claims which often take a prolonged period to settle.
Apply today and get funds as soon as the same day you apply!
Types of Pedestrian Accident Claims in Michigan
Pedestrian accidents can happen due to various reasons and under different circumstances. Here in Michigan, many personal injury lawsuits stem from these unfortunate incidents. Let’s look at a few examples of such accidents and how state laws regarding fault could affect your chances of succeeding in the lawsuit.
The most common pedestrian accidents in Michigan involve cars or other vehicles striking pedestrians. This usually happens when drivers are not paying proper attention or are unable to stop in time. A driver can be held fully responsible for the accident if it can be proven that they failed to exercise reasonable care.
Another typical instance is when the pedestrian is hit by a cyclist running a red light or stop sign. Similarly here, if the cyclist is found to have violated traffic laws, they could bear full responsibility for the accident and any injuries caused.
Accidents involving slips, trips, and falls on public sidewalks also fall under pedestrian accident claims. If such an accident was caused due to the negligence or lack of maintenance by the property owner, you may have a strong claim for compensation.
In understanding your chances of success in a pedestrian accident lawsuit, it’s crucial to know about Michigan’s comparative fault laws. These laws can affect the amount of compensation you can achieve as a plaintiff. If a court finds that you were partially at fault for the accident, your compensation could be reduced accordingly. In extreme cases where you were more than 50% at fault, you may not receive any compensation at all.
Contacting a knowledgeable attorney can help navigate these complex laws and give you the best chance of successfully presenting your 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 have the ability to advance up to a maximum of 25% of your expected share of the settlement if your case is still in progress. In the event of settled cases, we can potentially offer 50% of what you are likely to get from the settlement.
Let’s look at an example for clarity. Suppose a plaintiff in Michigan has been part of a pedestrian accident. Their case has an estimated value of $300,000. The case is unlikely to settle soon. Typically, medical providers receive around 1/3 of the settlement, and the attorney also gets around 1/3. This would mean that our plaintiff might expect to receive about $100,000. With the lawsuit loan from us, they could secure up to 25% of that amount in advance, or around $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 Michigan
We fund almost any type of roadway accident in Michigan. Here’s a quick list:
- Bicycle Accident Loans: When you are engaged in legal proceedings due to injuries sustained in a bicycle accident, we offer financial support.
- Car Accident Loans: Should you be entangled in a lawsuit as a result of a car crash, count on us for financial funding.
- Commercial Vehicle Accident Loans: If your case revolves around a commercial vehicle collision, we provide lawsuit loans while you wait for your case to resolve.
- Government Vehicle Accident Loans: Any legal claim against a government vehicle incident qualifies you for our pre-settlement loans.
- Motorcycle Accident Loans: In the event of a motorcycle mishap leading to a court case, we assist with financial backup.
- Pedestrian Accident Loans: Funds are available to help if you’re involved in a lawsuit involving a pedestrian accident.
- Rideshare Accident Loans: We can help fund your legal battle if you’ve been involved in a rideshare accident.
- Semi-Truck Accident Loans: For your semi-truck accident case, we provide lawsuit loans to assist as you await the resolution of your case.
Major Cities we Serve in Michigan
LawsuitLoans.io extends its funding provisions to residents across all cities in Michigan and throughout the United States. This includes, but is not limited to, individuals residing in the ten largest cities in Michigan, which are:
- Grand Rapids
- Sterling Heights
- Ann Arbor
Whether you live in these cities or elsewhere in Michigan, LawsuitLoans.io is committed to providing you with the financial support you need while waiting for your legal case to resolve.
Get up to $500,000 with rates as low as 2.5% simple, monthly
Michigan Pedestrian Accident Funding FAQs
We understand that you may have specific questions about getting a lawsuit loan from a pedestrian accident case in Michigan. Here, we aim to answer three of the most frequently asked questions.
How much does it cost to get a pedestrian accident lawsuit loan?
The cost of a lawsuit loan can vary depending on your specific case. At LawsuitLoans.io, we strive to provide competitive rates to our clients. To get a better idea of what kind of finance you may be eligible for, please check out our funding application.
Do I qualify for a lawsuit loan on my pedestrian accident case?
Eligibility is determined by the details surrounding your case. We typically look at factors such as the strength of your personal injury claim. Please feel free to call us directly at (866) 594-1343 and discuss your situation with one of our consultants who can help determine your eligibility.
Can you get a loan on a pedestrian accident settlement?
Yes, it is possible to secure a loan on an accident settlement. This is a common practice and is often referred to as “pre-settlement funding.” The aim is to give the plaintiff access to funds while their legal proceedings are ongoing. To know more about this option, visit our website at LawsuitLoans.io.