New Jersey Bike Accident Loans

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    What Are Bicycle Accident Lawsuit Loans in New Jersey?

    A bicycle accident lawsuit loan is a type of pre-settlement funding. It is specifically designed for plaintiffs who have been involved in a bike accident and are awaiting the final resolution of their case. These individuals often face mounting bills and uncertain financial situations. Bicycle accident lawsuit loans exist to alleviate these financial burdens.

    The term ‘loan’ can be misleading. In reality, this form of funding is an advance on the settlement that plaintiffs hope to receive from their personal injury lawsuit. It’s important to note that these loans are non-recourse advances. This means that if the plaintiff does not win their case, they do not have to pay back the money.

    Once the legal case is resolved, if the settlement is in favor of the plaintiff, the loan will be repaid out of that settlement. This takes place before the plaintiff receives their share. Any fees or interest charged by LawsuitLoans.io are also deducted at this stage.

    However, if there is no successful settlement, the plaintiff does not owe anything. This highlights one of the key advantages of bicycle accident lawsuit loans: They bear the risk so that the injured party doesn’t have to worry about more financial strain.

    Apply for a Lawsuit Loan with LawsuitLoans.io now.

    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.

    Telephone Icon - Starting the process is easy, just apply online or call toll free

    Apply Online or Call Toll-Free

    Apply online or call us toll-free at (866) 594-1343. Submitting your application takes minutes.

    Review Icon - We quickly review your legal case.

    We Review Your Case

    Next, we contact your law firm and collect basic information to review your case. Review only takes a few hours.

    Money Bag Icon - Once we approve your case, you and your attorney sign the contract and you get cash the same day

    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 New Jersey

    In the state of New Jersey, plaintiffs with personal injury claims from car accidents have the opportunity to obtain a loan from LawsuitLoans.io. This pre-settlement funding allows plaintiffs to maintain financial stability during the duration of their legal case. See below for specific details regarding car accident loans in New Jersey.

    Average car accident loan amount by LawsuitLoans.io in New Jersey $12,465.75
    Largest car accident loan by LawsuitLoans.io in New Jersey $108,649.00
    Average interest rate in New Jersey 21.7%
    Median personal injury verdict in New Jersey $31,000.00
    New Jersey statute of limitations 2 Years; N.J. Stat. Ann. § 2a:14-1
    New Jersey fault laws New Jersey is a “choice no-fault” state, allowing drivers to choose between a “no-fault” policy and a traditional “at-fault” policy.

    Get up to $500,000 with rates as low as 2.5% simple, monthly

    Am I Eligible for a Bicycle Accident Loan in New Jersey?

    Figuring out if you’re eligible for a bicycle accident lawsuit loan in New Jersey is easy. A few basic requirements are necessary to qualify. These are:

    • Having a valid legal claim: You should have a real and valid case against an insurance company or self-insured company. This means that you’re involved in a personal injury lawsuit following a bike accident.
    • Having an attorney hired on a contingency basis: This implies that you have an attorney representing you in court. The attorney should be willing to get paid only if you recover compensation from your insurance case. This kind of arrangement is also known as a contingency fee basis.
    • Being 18 years old: The applicant must be at least 18 years old, as this is the legal age to enter into an agreement.

    If you meet these criteria, you are most likely eligible to receive a bike accident lawsuit loan in New Jersey.

    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.

    Advance Amount:

    Months Until Settlement:

    $2,631

    Total Cost

    Pay as little as $2,631 on a lawsuit loan of $10,000 if your case settles within 6 months of your advance.

    $1,697

    Your Savings

    Save as much as $1,697 on a lawsuit loan of $10,000 if your case settles within 6 months of your advance.

    39%

    Percent Savings

    Save as much as 39% on a lawsuit loan of $10,000 if your case settles within 6 months of your advance.

    Bike Accident Loan Process in New Jersey

    Being involved in a bicycle accident can be a very stressful and traumatic event. But when faced with the lengthy legal process, you could find relief in the form of a lawsuit loan. Here’s a simple overview of how pedestrian vs. auto lawsuit loans work.

    1. Apply online: Visit the LawsuitLoans.io funding application to start your application process.
    2. We contact your law firm: After you submit your application, our team gets in touch with your law firm to gather more details about your case.
    3. We review your case: Our experts thoroughly evaluate your case based on the information provided.
    4. You sign a contract: If your case meets our criteria, we draft a contract that highlights all the terms and conditions of the funding agreement.
    5. You get funds: Upon agreement from both parties, we proceed to provide the funds you need as you wait for your case to resolve.

    For instance, let’s take a scenario of a plaintiff, John, who was injured in a bike accident. John filed a personal injury claim against the driver responsible but the case was taking longer than expected. With bills mounting, John decided to apply for a lawsuit loan through LawsuitLoans.io. After applying online, LawsuitLoans.io contacted his law firm, reviewed his case, and drafted a contract. Once signed, John received his funds and was able to cater for his immediate needs as he awaited settlement of his legal dispute.

    Get Started

    Apply today and get funds as soon as the same day you apply!

    Types of Bike Accident Claims in New Jersey

    Bike accidents can occur in various ways and are often caused by a number of factors. For instance, a bike accident could happen as a result of the negligence of motor vehicle drivers, faulty bike equipment, or hazardous road conditions. Here, we will be looking into two types of bike accidents: collisions with vehicles and accidents due to poor road maintenance.

    Collisions With Vehicles: This type of accident occurs when a motor vehicle collides with a bicycle on the road. It often occurs at intersections when motor vehicles fail to yield to bicyclists that have the right of way. The chances of a cyclist getting hurt in these accidents are high because of the size and speed difference between bikes and cars.

    Accidents Due to Poor Road Maintenance: Accidents happen when cyclists ride over potholes or other unsafe road conditions. The local government may be held liable if it can be proven that they failed to maintain safe roads for cyclists.

    It’s important for plaintiffs to understand that New Jersey operates under a comparative negligence law. This means that the court will reduce the compensation to the plaintiff based on their percentage of fault in the accident. For example, if you are found to be 30% at fault, your damages would be reduced by that percentage.

    Evaluating fault and understanding New Jersey’s negligence laws can be complex. It is recommended that plaintiffs consider reaching out to a pre-settlement funding company like LawsuitLoans.io while waiting for their case to resolve. These companies provide funding to help plaintiffs with personal injury and other legal claims continue their recovery without financial stress.

    How Much Money Can I Get From my Bike Accident Pre-settlement Loan?

    Lawsuit loans from LawsuitLoans.io can range from $500 – $1,000,000+. We can advance up to a maximum of 25% of your expected portion of the settlement if your situation is still in progress. However, for settled cases, we can offer 50% of your expected portion of the settlement.

    Let’s visualize this with an example. Suppose you are a plaintiff in New Jersey going through a bike accident case. Your case’s estimated value is $750,000 and will not settle for some time. As a general rule, medical service providers get paid around 1/3 of the settlement. The attorney receives another 1/3 of the settlement. Ultimately, you would receive around $250,000.

    In such circumstances, at LawsuitLoans.io, we can advance approximately 25% of that amount or $62,500 to support you financially during this challenging period.

    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 New Jersey

    At LawsuitLoans.io, we aim to provide financial assistance across a broad range of roadway accident cases in New Jersey. The road can be unpredictable and unfortunate incidents may occur. Our funding support covers but isn’t limited to the following incidents:

    Don’t let the worry of financial hardship distract you from your legal pursuit. Reach out to us and see how we can facilitate your journey to justice.

    Major Cities we Serve in New Jersey

    At LawsuitLoans.io, we work hard to provide pre-settlement funding to plaintiffs across the United States. Although we serve the entire nation, we acknowledge that New Jersey has a significant number of applicants. Here are the top ten cities in New Jersey by population as per latest census data:

    1. Newark
    2. Jersey City
    3. Paterson
    4. Elizabeth
    5. Edison
    6. Woodbridge
    7. Lakewood
    8. Toms River
    9. Hamilton
    10. Trenton

    Despite this list, remember that we extend our services to those living in all cities across New Jersey and nationwide. Whether your city is big or small, we are here to assist you as you await the resolution of your legal case. Explore our services today by visiting our website or calling us for free at (866) 594-1343. If you’re ready to apply, fill out the forms on our funding application page.

    Get up to $500,000 with rates as low as 2.5% simple, monthly

    New Jersey Bike Accident Funding FAQs

    We understand that prospective appellants may have a lot of questions regarding bike accident lawsuit funding. Below, we try to answer some of the more frequently asked questions.

    How much does it cost to get a bike accident lawsuit loan?

    The cost of obtaining a lawsuit loan can vary based on several factors such as the amount you need and the details of your case. Our goal at LawsuitLoans.io is to keep your costs as reasonable as possible. By working with us, you can get competitive loan rates.

    Do I qualify for a lawsuit loan on my bike accident case?

    Each case is unique. Therefore, your eligibility for a lawsuit loan will depend on your individual circumstances. At LawsuitLoans.io, our application process is simple and swift. We assess your case and advise you promptly on whether you qualify. It’s a straightforward process; no hidden fees or complex contracts.

    Can you get a loan on a bike accident settlement?

    Yes, you can. If your case has already reached a settlement agreement but you’re waiting on the payout, LawsuitLoans.io can offer you a pre-settlement funding advance against your settlement proceeds. This means you access funds right away, enabling you to handle immediate financial needs as you wait for your payout.

    Apply now for a free consultation