Rhode Island Rideshare 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 Rideshare Accident Loans in Rhode Island
Rideshare accident loans are a type of pre-settlement funding. This means that these loans provide financial support to plaintiffs who have been involved in a rideshare accident and are waiting for their lawsuit settlement.
In simple terms, a car accident loan is not actually a loan. It’s better described as an advance on the compensation you expect to receive from a car accident lawsuit. To clarify, if you have filed a lawsuit because of suffering from a car or rideshare accident in Rhode Island and anticipate that you will receive compensation, you can apply for a car accident loan.
One key point is that a car accident loan is non-recourse. What this means is if you do not win your case, you do not need to repay the advance. You only repay the amount of money you received if you win your lawsuit and receive a settlement. This way, the risk is taken on by the company providing the advance, not the plaintiff.
The process starts when a plaintiff applies for a car accident loan with a company like LawsuitLoans.io. If approved, the company will provide the plaintiff with funds to help cover living expenses and other costs while the lawsuit progresses. In summary, a car accident loan can provide critical assistance to individuals who need financial help while their legal claim is being resolved.
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
Car accident loans in Rhode Island offer financial assistance to plaintiffs awaiting settlement of their personal injury claims. These pre-settlement loans can help cover day-to-day expenses, ensuring you can focus on recovery rather than worrying about financial instability. The following table provides some essential details about car accident loans:
|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 Rideshare Accident Loan in Rhode Island?
If you have been involved in a car accident and are seeking lawsuit loans, you may be wondering about your eligibility. The good news is that, if a rideshare service was involved in the accident, your chances of getting lawsuit funding could be high.
Because insurance policies tend to be lofty for rideshare companies, the main criteria for eligibility are having an attorney handle your case on a contingency basis, and being at least 18 years old. It means that as long as you’re legally considered an adult and you have an attorney fighting your case, we can evaluate your claim for funding consideration.
We fund claims from accidents involving any rideshare or delivery service company. Here are few examples, along with their respective founding dates:
- Uber – Founded in 2009
- Lyft – Founded in 2012
- DoorDash – Founded in 2013
- Postmates – Founded in 2011
- GrubHub – Founded in 2004
Please note that this list is not exhaustive; if your accident involves other companies not listed here, you may still reach out to us for a potential lawsuit loan assistance.
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.
Rideshare Accident Loan Process in Rhode Island
If you’re a plaintiff in a rideshare accident case in Rhode Island, you may be eligible for a lawsuit loan. These pre-settlement funds can help cover medical bills, lost wages, and other expenses while you wait for your case to resolve. Here’s a brief overview of how the process works:
- Apply online. Your journey begins on our secure website, where you fill out a short application form. It doesn’t cost anything to apply.
- We contact your law firm. After receiving your application, we reach out to your legal team to gather more details about your case.
- We review your case. Our experienced underwriters will assess your case’s potential. If your case has strong prospects, then we move on to the next step.
- You sign a contract. Once approved, we send a funding agreement for you and your attorney to sign. The agreement spells out the terms of the lawsuit loan.
- You get funds. After the agreement is signed and returned, funds are deposited into your account within 24-48 hours. This means you can meet your expenses without delay.
Let’s take a look at an example. Suppose John was injured in an Uber accident due to the driver’s negligence. He needs money to pay for medical treatments and living expenses since he can’t work. After filling out the online application, LawsuitLoans.io contacts his law firm for more details about his case. Once it’s clear John has a strong case, LawsuitLoans.io sends out an agreement. After John and his attorney sign and return it, he receives the pre-settlement fund in his bank account swiftly. Now, he can focus on his recovery rather than worrying about expenses.
Apply today and get funds as soon as the same day you apply!
How Much Money Can I Get From my Rideshare Accident Pre-settlement Loan?
Lawsuit loans from LawsuitLoans.io can range from $500 to over $1,000,000. If your case is currently in progress, we can advance up to a maximum of 25% of your expected share from the settlement. For cases that have already been settled, we can offer 50% of your expected share of the settlement.
Take for example a plaintiff in Rhode Island who had a rideshare accident with an estimated claim value of $500,000. The case will not be settled for some time. Usually, medical providers are paid about one third of the settlement, and the attorney gets another third. This means the plaintiff would receive about $170,000. In this circumstance, we can advance around 25% of that total, which comes to $42,500.
Major Cities we Serve in Rhode Island
At LawsuitLoans.io, we recognize the challenge of waiting for a lawsuit to resolve. That’s why we are committed to providing funding for residents not just in major Rhode Island cities but nationwide. Below are the top 10 cities in Rhode Island we serve.
- East Providence
- North Providence
- South Kingstown
If you are a resident of one of these cities or any other city in Rhode Island and are in need of a pre-settlement fund, feel free to reach out to us on our website, LawsuitLoans.io, or call our toll free phone number, (866) 594-1343. You can also fill out our online funding application available at LawsuitLoans.io funding application.
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 fund almost any type of roadway accident in Rhode Island. Here are some examples:
- Bicycle Accident Loans: We provide funding for cases involving bicycle accidents.
- Car Accident Loans: Our funding services cover car accident cases.
- Commercial Vehicle Accident Loans: We offer loans for cases involving commercial vehicle accidents.
- Government Vehicle Accident Loans: We support plaintiffs in cases against government vehicles.
- Motorcycle Accident Loans: We fund personal injury claims stemming from motorcycle accidents.
- Pedestrian Accident Loans: If you’re a pedestrian injured in an accident, we can offer funding help.
- Rideshare Accident Loans: We provide loans for cases involving accidents with rideshare vehicles.
- Semi-Truck Accident Loans: Our services include funding for cases involving semi-truck accidents.
Rhode Island Rideshare Accident Funding FAQs
If you’re a Rhode Island resident involved in a rideshare accident, you may be asking several important questions. Here we answer three of the most frequently asked ones about lawsuit loans on rideshare accident cases.
How much does it cost to get a rideshare accident lawsuit loan?
The cost of a lawsuit loan can vary. It depends on many factors, such as the amount you borrow, your contract terms, and the time it takes to settle your claim. Always ensure to discuss these factors with your lawsuit loan provider before making a decision.
Do I qualify for a lawsuit loan on my rideshare accident case?
You may qualify for a lawsuit loan if you were injured in a rideshare accident, have hired an attorney, and are pursuing legal action. However, each case is unique. So, LawsuitLoans.io reviews every application on a case-by-case basis.
Can you get a loan on a rideshare accident settlement?
Yes, you can get a loan on a rideshare accident settlement. This type of funding is pre-settlement, meaning you can access funds while awaiting resolution of your legal case. Remember, this is not a traditional loan. Instead, it is a cash advance against your future potential settlement.