Rhode Island 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 Rhode Island?
A pedestrian accident loan is a non-recourse cash advance provided to a plaintiff who has suffered injuries as a pedestrian due to a car accident. This type of funding falls under the category of pre-settlement funds offered by companies like LawsuitLoans.io.
Pre-settlement funding is designed to help the injured party meet their financial needs while they are waiting for their legal case to be resolved. Whether it’s for medical expenses, rent, or day-to-day living costs, this type of funding serves as a financial lifeline. What makes pedestrian accident loans very beneficial to plaintiffs is their non-recourse nature. This simply means that the loan is only repayable if the plaintiff wins their case or reaches an acceptable settlement. If the case does not succeed, the plaintiff owes absolutely nothing back.
So, if you’ve been injured as a pedestrian in a car accident and are involved in a legal claim or lawsuit, a pedestrian accident loan can be your safety net, helping keep you financially stable until your lawsuit concludes.
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 Rhode Island
If you’re involved in a car accident lawsuit in Rhode Island, you might be considering a litigation loan. This financial support, provided by LawsuitLoans.io while you wait for your case to resolve, can make a significant difference in your day-to-day life. Key figures and details specific to Rhode Island are provided in the table below:
|Average car accident loan amount by LawsuitLoans.io in Rhode Island||$2,645.00|
|Largest car accident loan by LawsuitLoans.io in Rhode Island||$8,340.00|
|Average interest rate in Rhode Island||21.3%|
|Median personal injury verdict in Rhode Island||$20,906.00|
|Rhode Island statute of limitations||3 Years; Title 9 Ch. 1 Section 9-1-14|
|Rhode Island fault laws||Rhode Island 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 Rhode Island?
If you’ve been injured in a pedestrian accident and have an ongoing lawsuit in Rhode Island, you may be asking, “Am I eligible for a lawsuit loan?” Lawsuit loans, or pre-settlement funding, provide financial assistance during the typically lengthy legal process.
The eligibility for such loans primarily hinges on three main criteria:
- You must have a valid legal claim against an insurance company or a self-insured company.
- You must have an attorney hired on a contingency basis. This means your attorney will only get paid if you win the case.
- You must be 18 years old or older.
These key criteria are used to evaluate the strength of your case and its likely outcome – both essential elements in determining your loan approval.
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 Rhode Island
If you are injured as a pedestrian in an auto accident and are in the middle of a lawsuit, you might require financial support. Here is where LawsuitLoans.io comes into play. We offer pedestrian vs. auto lawsuit loans that would assist you during this challenging period. Here’s a quick overview of how our loan process works:
- Apply online:
- We contact your law firm:
- We review your case:
- You sign a contract:
- You get funds:
You can start your application directly from our website LawsuitLoans.io funding application.
Upon receiving your application, we reach out to your law firm to gather necessary details about your legal case.
Our expert team will then review the particulars of your case to determine if you qualify for a lawsuit loan.
If approved, we’ll provide you with a contract that clearly outlines your loan terms. You need to sign this contract to proceed.
Once the contract is signed, we send the funds right away. You can use these funds to manage your living expenses and meet other financial commitments while waiting for your lawsuit to resolve.
Let’s consider an example. John was a victim of a pedestrian accident in Rhode Island. While he was pursuing the lawsuit against the negligent driver, he faced financial hardship. He applied for a lawsuit loan through LawsuitLoans.io. After we contacted his law firm and reviewed his case, John was approved for the loan. He signed the contract, and we promptly provided him the funds he needed. This lawsuit loan helped John manage his expenses while he focused on his ongoing litigation.
Apply today and get funds as soon as the same day you apply!
Types of Pedestrian Accident Claims in Rhode Island
Pedestrian accidents are unfortunately quite common and can lead to serious harm or even fatal consequences. In Rhode Island, there are a number of pedestrian accidents that occur frequently which may form the basis for legal claims. We’ll discuss some common types in here.
These are accidents where a driver hits a pedestrian. The negligence can be due to many reasons such as distracted driving, speeding, failure to yield, and drunk driving among others.
In this case, a cyclist collides with a pedestrian. Common causes include failing to obey traffic laws, speeding or careless riding.
Accidents can also happen due to poorly maintained sidewalks, obstructions or hazardous conditions which are the responsibility of the property owner or municipality.
Pedestrians can get hurt walking near or through construction sites if proper safety measures are not followed by the construction companies.
Rhode Island follows a “pure comparative negligence” rule. That means that even if you are found to be partly at fault for the accident, you can still recover damages. However, your recovery is reduced by your degree of fault. This can play a significant role in pedestrian accident claims, making it crucial to accurately establish fault.
If you are involved in any of these types of pedestrian accidents and are pursuing a legal claim, remember that the process can take time. In-between, if you need funds, you may consider applying for lawsuit funding from LawsuitLoans.io.
How Much Money Can I Get From my Pedestrian Accident Pre-settlement Loan?
Lawsuit loans from LawsuitLoans.io typically range from $500 to over $1,000,000. If your case is still ongoing, we can advance you up to a maximum of 25% of the estimated settlement value that you are likely to receive. For cases that have already been settled, we can offer up to 50% of your remaining settlement after attorney’s fees and other expenses have been deducted.
Let’s look at an example. Suppose you are a plaintiff in Rhode Island involved in a pedestrian accident case. Your case has an estimated value of $300,000 but it will still take some time before it settles. Generally, medical providers get paid around 1/3 of the settlement and the attorney takes another 1/3 as their fee. This means you would likely stand to receive around $100,000 from the settlement. In such a scenario, we at LawsuitLoans.io could advance you 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 Rhode Island
At LawsuitLoans.io, we provide funding for almost any type of roadway accident case in Rhode Island. The following is a brief description of the types of cases we fund:
- Bicycle Accident Loans: We offer financial support to bicycle accident victims who are awaiting the resolution of their lawsuits.
- Car Accident Loans: Our pre-settlement loans can provide much-needed funds to plaintiffs following a car accident while they wait for their legal outcomes.
- Commercial Vehicle Accident Loans: Commercial vehicle accidents can lead to significant damages. We offer funding to assist with daily expenses during this challenging period.
- Government Vehicle Accident Loans: Encountering an accident involving government vehicles can complicate cases. Our loans can help you manage your resources until these unique cases are settled.
- Motorcycle Accident Loans: Serious injuries caused by motorcycle accidents can drain finances. Let our lawsuit loans ease your financial strain while your case is pending.
- Pedestrian Accident Loans: Accidents involving pedestrians can cause severe injuries. With our financial assistance, you can focus more on your recovery, less on your bills.
- Rideshare Accident Loans: Rideshare accidents can cause serious injuries and complicate liability claims. Our pre-settlement funding can help you navigate this challenging time.
- Semi-Truck Accident Loans: Being in a semi-truck accident can lead to dire consequences. Our loans can provide the financial buffer you need while your legal case is being resolved.
Major Cities we Serve in Rhode Island
At LawsuitLoans.io, our service extends to all corners of the country. In the smallest state, Rhode Island, we’re proud to provide financial help to residents in all cities. Here are the top 10 cities in Rhode Island, by population, that we serve:
- East Providence
- Central Falls
- West Warwick
No matter where you reside in Rhode Island, rest assured knowing that LawsuitLoans.io covers your area. Even if your city isn’t on this list, we’re ready and willing to assist you with your pre-settlement funding needs. Remember, LawsuitLoans.io is just a click or a call away at (866) 594-1343.
Get up to $500,000 with rates as low as 2.5% simple, monthly
Rhode Island Pedestrian Accident Funding FAQs
We often get quite a few questions from Rhode Island residents regarding pedestrian accident lawsuit loans. Here, we have answered some of the most frequently asked questions to assist you better.
How much does it cost to get a pedestrian accident lawsuit loan?
Every case is unique and so is the cost. The total cost for a lawsuit loan will depend on various factors related to your case. To provide a clear figure, we review each case individually to ascertain the best rate for your situation.
Do I qualify for a lawsuit loan on my pedestrian accident case?
In most cases, if you have a pending lawsuit or settlement due to a pedestrian accident and have hired an attorney, you should qualify for a lawsuit loan. However, final approval depends on the details and merits of your case.
Can you get a loan on a pedestrian accident settlement?
Yes, you can. If you’re waiting for a settlement after winning your pedestrian accident case, obtaining a loan against this pending amount is possible. We are here to help relieve the financial pressure that often comes with waiting for a settlement.