Minnesota Motorcycle 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 Motorcycle Accident Lawsuit Loans in Minnesota
Motorcycle accident lawsuit loans are unique financial products designed for plaintiffs, or the persons who have filed a legal claim after an injury. They provide immediate funds to individuals who have been injured in a motorcycle accident in Minnesota and are waiting for their legal case to resolve.
Lawsuit loans aren’t like regular bank loans. They’re known as non-recourse advances. This means you only have to pay back the loan if your case wins. If your case doesn’t win, you owe nothing. The repayment comes directly from your future settlement, meaning you don’t need to worry about repayments if your case is still ongoing.
The major advantage of a motorcycle accident lawsuit loan is that it provides essential financial relief when you need it most. While you wait for your case to finalize, you have access to funds that can be used for medical bills, living expenses, and any other immediate needs.
In conclusion, motorcycle accident lawsuit loans in Minnesota are a risk-free, financial lifeline for plaintiffs injured in motorcycle accidents. By offering timely funds without the burden of a traditional loan, these advances give you the peace of mind needed to focus on healing and winning your case.
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 Minnesota
Car accident loans in Minnesota are like pre-settlement funding. These funds help victims of car accidents take care of their financial needs, from medical bills to day-to-day living, while they wait for their legal case to resolve. In the table below, we offer more detailed facts and figures about car accident loans in this state.
|Average car accident loan amount by LawsuitLoans.io in Minnesota||$3,686.25|
|Largest car accident loan by LawsuitLoans.io in Minnesota||$12,000.00|
|Average interest rate in Minnesota||22.5%|
|Median personal injury verdict in Minnesota||$30,000.00|
|Minnesota Statute of Limitations||2 Years; Minnesota Statutes Sec. 541.07|
|Minnesota Fault Laws||Minnesota 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 Motorcycle Accident Loan in Minnesota?
In order to know if you are eligible for a motorcycle accident lawsuit loan in Minnesota, there are certain requirements that you must meet. Notably, these requirements are relatively straightforward and simple to understand.
The first and foremost requirement is that you have a valid legal claim. This means that you are involved in a legal case where you are making a claim against an insurance company or self insured company due to involvement in a motorcycle accident.
The second requirement is having an attorney working for you on a contingency basis. A contingency basis means that the attorney gets paid only if the lawsuit is successful or settles. Therefore, your ongoing lawsuit must be represented by such an attorney.
Lastly, you must be at least 18 years old – which is the legal age of adulthood in most countries, including the United States. So, If you fulfill these three criteria of having a valid legal claim, having an attorney hired on a contingency basis and being at least 18 years old, then yes, you are indeed eligible for a motorcycle accident lawsuit loan in Minnesota.
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.
Motorcycle Accident Loan Process in Minnesota
In Minnesota, acquiring a lawsuit loan for a motorcycle accident can be broken down into five primary steps. These steps gain in significance when the plaintiff is the victim of an accident involving a pedestrian and an automobile.
The first step involves applying online on the LawsuitLoans.io funding application page. It is easy to navigate, and you are simply required to input your contact details and principal case specifics.
We Contact Your Law Firm
Upon receiving your online application, our team at LawsuitLoans.io will directly get in touch with your law firm. The purpose of this contact is to gather more in-depth details about your case – the kind of insights that can only be provided by your attorney.
We Review Your Case
The next step after contacting your law firm is case review. Here, our dedicated team carefully examines the circumstances and merits of your case. There are a few critical components taken into account during this step, such as accident reports, insurance status and medical records.
You Sign a Contract
If your case meets our criteria for a loan after the detailed review, we prepare and present a contract for your signature.
You Get Funds
Once every single detail has been examined, and the contract signed, the funds are then released. Our quick, efficient process means that in many cases, plaintiffs have access to their funds within 24 hours of completing the contract paperwork.
Now, let’s illustrate these steps using an example of a typical plaintiff who was injured in a motorcycle accident in Minnesota. All names and details have been changed to respect privacy. John Doe, a Minnesota resident, was riding his motorcycle when he was struck by an automobile in a crosswalk. He applied for a pedestrian vs. auto lawsuit loan through LawsuitLoans.io. The team at LawsuitLoans.io contacted his law firm for more details about the accident, which were promptly provided. After reviewing the case and finding it suitable for funding, LawsuitLoans.io prepared a contract for John Doe, who signed it promptly. Shortly after signing the contract, John received the funds.
Apply today and get funds as soon as the same day you apply!
Types of Motorcycle Accident Claims in Minnesota
Motorcycle accidents can stem from a variety of situations, and the type of accident can sometimes impact the outcome of a legal claim. The most common motorcycle accidents include Single Bike Accidents, Head-On Collisions, and Left-Turn Accidents.
Single Bike Accidents are those where the motorcyclist loses control and crashes without another vehicle being directly involved. Factors such as road conditions or the bike’s mechanical issues can cause these accidents. Determining who is at fault can be complex in these situations, and successfully claiming compensation depends on how well the facts are presented and argued.
In Head-On Collisions, another car or truck hits the motorcycle from the front. Often, these types of accidents occur when the other vehicle is going the wrong way or drifting over the center line. These scenarios usually result in severe injuries or even death for the motorcyclist. In Minnesota, if the other driver is found to be negligent, they may be held accountable for the accident.
Left-Turn Accidents frequently occur when another vehicle attempts a left turn in front of the motorcyclist. Such incidents can happen due to insufficient gap in traffic, miscalculation of the motorcycle’s speed, or plain neglect of the motorcyclist’s right of way. Where the other party is proven to be at fault, they may be liable to pay for damages.
It is essential to know that Minnesota operates under a comparative fault law. This means if the court finds you partly responsible for your accident, they could reduce your compensation. For instance, if you’re found 20% at fault, your compensation might be reduced by that amount.
The above scenarios illustrate why it is key to partner with a good lawyer when filing a lawsuit in the wake of a motorcycle accident in Minnesota.
How Much Money Can I Get From my Motorcycle Accident Pre-settlement Loan?
At LawsuitLoans.io, we provide lawsuit loans that can range anywhere from $500 to more than $1,000,000. If your case is still in progress, we can advance up to a maximum of 25% of the expected portion of your settlement. However, if your case has already settled, we can offer you up to 50% of your expected portion of the settlement.
Let’s consider an example to clarify this further. Imagine you are a plaintiff in Minnesota dealing with a motorcycle accident case. The estimated value of this case stands at $350,000 and the case is yet to be settled. As a general rule of thumb, medical providers receive around one-third of the settlement and the attorney also gets a third. This leaves you, the plaintiff, with approximately $115,000.
In this scenario, we could advance approximately 25% of your portion, which would equate to around $29,000.
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 Minnesota
We fund almost any type of roadway accident in Minnesota. This includes:
- Bicycle Accident Loans: We provide funding for bicycle accident lawsuits while you wait for settlement.
- Car Accident Loans: If your case involves a car accident, we can provide the financial help you need until your case is settled.
- Commercial Vehicle Accident Loans: Lawsuits involving commercial vehicles can take longer to resolve; we offer loans to tide you over during this time.
- Government Vehicle Accident Loans: If a government vehicle was involved in your accident, we provide funding for those cases as well.
- Motorcycle Accident Loans: We understand the unique needs of motorcycle accident cases and provide funding for these too.
- Pedestrian Accident Loans: Pedestrian cases can be particularly complex, we offer loans to help navigate through this tough time.
- Rideshare Accident Loans: Rideshare accidents are increasingly common today, we have funding options specifically for these types of cases.
Major Cities we Serve in Minnesota
LawsuitLoans.io is proud to offer lawsuit loan services not only to the residents of Minnesota but across the entire nation. The top 10 cities we frequently served in Minnesota, listed by population, are:
- St. Paul
- Brooklyn Park
- Maple Grove
- St. Cloud
However, our funding services are certainly not limited to these locations. Regardless of where you reside in Minnesota or nationwide, LawsuitLoans.io is committed to providing you funds while you wait for your legal case resolution.
Get up to $500,000 with rates as low as 2.5% simple, monthly
Minnesota Motorcycle Accident Funding FAQs
Many Minnesota residents have questions about getting funding for motorcycle accident lawsuits. Here are answers to some of the most frequently asked questions:
How much does it cost to get a motorcycle accident lawsuit loan?
The costs associated with a motorcycle accident lawsuit loan depend on your specific case. The primary cost is the repayment of the advance when your claim settles, assuming you win your case. This repayment can consist of the lawsuit loan itself plus fees and interest. There are no upfront charges or out-of-pocket expenses. With LawsuitLoans.io, all fees are transparent and agreed upon before we proceed.
Do I qualify for a lawsuit loan on my motorcycle accident case?
Qualifying for a motorcycle accident lawsuit loan largely depends on the merits of your case. If you were involved in an accident that was not your fault, and you’re working with a lawyer, you likely qualify. LawsuitLoans.io can help you determine your eligibility quickly and efficiently.
Can you get a loan on a motorcycle accident settlement?
Yes, it’s possible to get a loan on a motorcycle accident settlement. If you have a case that’s expected to settle in your favor, a lawsuit loan can provide the financial help you need during this period. Reach out to LawsuitLoans.io to learn more about this option.