Mississippi 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 Mississippi
In the realm of legal funding, a term you may come across is ‘pedestrian accident loan’. This type of loan serves as financial support to a plaintiff who has been injured as a pedestrian due to someone else’s negligence. It is important to note that these aren’t traditional loans. They are actually non-recourse advances on a plaintiff’s future car accident settlement.
When we say ‘non-recourse’, it means that the funding company, like LawsuitLoans.io, will only recover their advance if your case wins. In other words, if for some reason the case does not result in a favorable settlement, the plaintiff is not obligated to repay the funds.
The purpose of these funds, also known as pre-settlement funding, is to help victims meet their financial needs as they wait for their legal cases to be resolved. This provides the breathing space required to focus on recovering and getting life back on track, while their attorney works to secure the best possible outcome for their 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 Mississippi
If you’re currently in a lawsuit due to a car accident in Mississippi, financial relief may be available even before your case is settled. LawsuitLoans.io offers car accident loans that can provide interim financial support while you await trial or settlement. Check out the essential details you need to know about these car accident loans in the table below:
|Average car accident loan amount by LawsuitLoans.io in Mississippi||$3,888.58|
|Largest car accident loan by LawsuitLoans.io in Mississippi||$11,530.43|
|Average interest rate in Mississippi||22.5%|
|Median personal injury verdict in Mississippi||$31,000.00|
|Mississippi statute of limitations||3 years; Mississippi Code Ann. Section 15-1-1|
|Mississippi fault laws||Mississippi 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 Mississippi?
To qualify for a pedestrian accident lawsuit loan in Mississippi, there are a few key requirements. Firstly, you must have a valid legal claim against an insurance company or a self-insured company. This means that you are pursuing a lawsuit following an accident that wasn’t your fault, and are seeking compensation for your damages.
Secondly, you must have an attorney representing you on a contingency basis. This means your lawyer gets paid only if they win the case or obtain a settlement on your behalf. The existence of such an arrangement shows that a professional attorney believes in the validity and potential success of your case.
Lastly, you must be at least 18 years old to apply for a loan from LawsuitLoans.io. This age restriction is common to many legal and financial transactions, and it ensures that you are legally capable of entering into a contract.
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 Mississippi
Understanding how pedestrian versus auto lawsuit loans work doesn’t have to be confusing. This straightforward process involves five main steps. Let’s break each one down:
- Apply online: Fill out our secure application form at LawsuitLoans.io funding application.
- We contact your law firm: After receiving your application, we’ll get in touch with your law firm to learn more about your case.
- We review your case: Our team of experts will evaluate the details of your case, including the extent of your injuries and the strength of your claim.
- You sign a contract: Once approved, you’ll be asked to sign a no-obligation contract agreeing to the terms of the loan.
- You get funds: After signing the contract, your funds will be swiftly sent to you. You can use these funds as you see fit until your case settles.
Now, let’s examine a real-world example. Imagine a plaintiff named John was injured in a pedestrian accident in Mississippi. He can’t work due to his injuries and is struggling to pay his bills. John filled out a lawsuit loan application online. We contacted his legal team and reviewed his case. Based on the strength of John’s claim and the severity of his injuries, we approved his request for a loan. John then signed our contract, and we swiftly sent the funds to him. This relieved John’s immediate financial pressure, allowing him to focus on his recovery while awaiting his lawsuit outcome.
Apply today and get funds as soon as the same day you apply!
Types of Pedestrian Accident Claims in Mississippi
In Mississippi, pedestrian accidents occur in various ways. One common form is when a vehicle strikes an individual who is walking on or near the road. These incidents may be the result of driver distraction, visibility issues, or failure to obey traffic rules. A less common, but equally devastating type is a ‘hit and run’, which refers to the situation where the responsible driver flees the scene. Another example is parking lot accidents which transpire when drivers are not cautious while reversing or maneuvering their vehicles.
An interesting aspect of law in Mississippi is its adherence to the pure comparative fault principle. This means that even if you, as a pedestrian, were partially at fault for the accident, you can still file a claim and potentially receive damages. However, your compensation will be reduced proportionally to your degree of fault. For instance, if it’s found that you were 30% responsible for the accident, your potential settlement amount would be reduced by 30%.
Understanding these types of pedestrian accident claims, along with the state’s fault laws, may have a significant impact on a plaintiff’s chances of success in their lawsuit. It’s crucial to speak to a qualified legal counsel to discuss your unique circumstances in order to understand how these laws may apply to your case.
How Much Money Can I Get From my Pedestrian Accident Pre-settlement Loan?
Lawsuit loans from LawsuitLoans.io can range from $500 to over $1,000,000. We can advance up to a maximum of 25% of your expected portion of the settlement if your case is still in progress. For cases that have been settled, we offer up to 50% of your expected settlement amount.
For instance, consider a plaintiff in Mississippi who has an ongoing pedestrian accident case. This case has an estimated value of $300,000 but will not settle for some time. Generally, medical providers get paid approximately 1/3 of the settlement and the attorney are also entitled to another 1/3 of the settlement. This leaves the plaintiff with around $100,000. In this scenario, we could advance approximately 25% of that amount or $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 Mississippi
At LawsuitLoans.io, we can offer funding for almost any type of roadway accident that occurs in Mississippi. Below is a list of specific accidents we cover:
- Bicycle Accident Loans: Assistance for those involved in bicycle accidents.
- Car Accident Loans: Funds for victims who encounter auto accidents.
- Commercial Vehicle Accident Loans: Aid for incidents involving commercial vehicles.
- Government Vehicle Accident Loans: Support for cases involving government vehicles.
- Motorcycle Accident Loans: Funding for motorcycle-associated mishaps.
- Pedestrian Accident Loans: Help for those having pedestrian-related incidents.
- Rideshare Accident Loans: Financial aid for rideshare-related accidents.
- Semi-Truck Accident Loans: Funding for semi-truck collision victims.
Major Cities we Serve in Mississippi
LawsuitLoans.io is a distinguished pre-settlement funding company. We are proud to serve residents in all cities nationwide including the top 10 most populous cities in Mississippi. These include:
- Olive Branch
- Horn Lake
Get up to $500,000 with rates as low as 2.5% simple, monthly
Mississippi Pedestrian Accident Funding FAQs
When you’re involved in a pedestrian accident in Mississippi, you may have a lot of questions about lawsuit funding. Here are a few frequently asked questions – along with their answers:
How much does it cost to get a pedestrian accident lawsuit loan?
The cost of a pedestrian accident lawsuit loan varies and is based on the specifics of your case. At LawsuitLoans.io, we aim to provide affordable solutions with competitive rates. Visit our application page for an estimate.
Do I qualify for a lawsuit loan on my pedestrian accident case?
If you’ve been injured in a pedestrian accident and have an ongoing lawsuit against the responsible party, you’re likely eligible. Our specialists can examine your case details and confirm your eligibility quickly.
Can you get a loan on a pedestrian accident settlement?
Yes, you certainly can. If you’re waiting for your pedestrian accident settlement and need cash now, a lawsuit loan could be the perfect solution. Again, our team at LawsuitLoans.io will be more than happy to discuss your options.
Does LawsuitLoans.io Directly Fund Cases in Mississippi?
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 Mississippi.