South Dakota Motorcycle Accident Loans
- Get Cash as Soon as the Same Business Day
- Rates as Low as 2.5% Simple, Monthly
- Repay $0 if You Lose Your Case
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What Are Motorcycle Accident Lawsuit Loans in South Dakota
Motorcycle Accident Lawsuit Loans are financial aids designed for plaintiffs who have been injured in a motorcycle accident. When you have a pending lawsuit and need immediate funds, a lawsuit loan can offer quick relief. It’s also known as legal funding, pre-settlement funding, or a lawsuit cash advance.
Let’s break it down further. If you’re involved in a motorcycle accident and plight with injury and loss, you have the right to take legal action against those responsible. This process often requires time, during which you might struggle with medical bills and daily expenses. This is where a motorcycle accident lawsuit loan comes to play.
Motorcycle accident loans are non-recourse advances, meaning they only need to be paid back if you win your case. These loans are based on the expected settlement returns from your lawsuit. Essentially, a lending company like LawsuitLoans.io will review your case and if they deem your case strong, they’ll offer you an advance cash loan against your expected settlement. You can use this money freely for any essential purpose.
These loans are non-recourse in nature – if you don’t win your case, you don’t owe anything to LawsuitLoans.io. Hence, it’s a risk-free financial aid that can greatly help you manage your expenses while you recover and fight for your deserved settlement.
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 South Dakota
If you have been involved in a car accident in South Dakota and are awaiting settlement, it could be beneficial to consider a car accident loan. A loan like this is useful to cover pending bills and costs while your lawsuit gets processed.
| Average car accident loan amount by LawsuitLoans.io in South Dakota | $9,400.00 |
| Largest car accident loan by LawsuitLoans.io in South Dakota | $14,300.00 |
| Average interest rate in South Dakota | 22.5% |
| Median personal injury verdict in South Dakota | $31,000.00 |
| South Dakota statute of limitations | 3 Years; Title 15 Ch. 2 Section 15-2-14 |
| South Dakota fault laws | South Dakota is an “at-fault” or “tort” state, meaning the driver found to be responsible for the accident is liable for damages. |
Get an Instant Quote
Input your requested funding amount and the time your case may take to settle here to see your potential savings and costs when you choose LawsuitLoans.io. While we sometimes offer rates as low as 2.5%, our calculator assumes a simple, non-compounding monthly rate of 3.3%. This calculator is for illustrative purposes only. Actual terms may differ. Please contact us for an instant, written quote for your request.
Advance Amount:
Months Until Settlement:
$2,900
Total Cost
Pay $2,900 on a lawsuit loan of $10,000 if your case settles within 6 months of your advance.
$1,697
Your Savings
Save $1,428 compared to competitors on a lawsuit loan of $10,000 if your case settles within 6 months of your advance.
33%
Percent Savings
Save 33% on a lawsuit loan of $10,000 if your case settles within 6 months of your advance.
Get up to $500,000 With Rates as Low as 2.5% Simple, Monthly
Am I Eligible for a Motorcycle Accident Loan in South Dakota?
Are you wondering if you qualify for a motorcycle accident loan in South Dakota? The key eligibility factors to consider are quite straight-forward. Firstly, you must have a valid legal claim against an insurance company or self-insured entity. Essentially, this means that someone else must be legally at fault for your motorcycle accident.
The second criterion is having legal representation. You need to have hired an attorney on a contingency basis. In other words, your attorney receives payment when you secure a settlement or win your case. Finally, you must be at least 18 years old, which is the legal age of adulthood in the United States.
Keep in mind, every case is unique. Specific circumstances may adjust these criteria slightly. However, as a general rule, meeting these three requirements sets a solid foundation for your eligibility for a motorcycle accident lawsuit loan.
Looking for more information or ready to apply? You can always submit your application online or contact us on our toll free number (800) 340-4973.
Types of Motorcycle Accident Claims in South Dakota
Dealing with motorcycle accidents can be a harrowing experience both physically and emotionally. Apart from the physical injuries, victims also have to navigate through an arduous legal process. In South Dakota, there are several types of motorcycle accident claims that plaintiffs can file. Understanding these claim types is key for a successful lawsuit.
Single-Vehicle Accidents: These accidents involve only the motorcycle. Examples include an accident where the rider loses control due to slippery roads or defective bike parts. Here, it might be challenging to prove another party’s liability unless there are extenuating circumstances such as road defects or malfunctioning bike parts.
Multi-Vehicle Accidents: These occur when more than one vehicle is involved. Negligence, reckless driving, or impaired driving from another motorist can lead to this type of accident. In such cases, establishing fault often depends on various factors, from eyewitness accounts to police reports.
It’s important to know how fault laws work in South Dakota. The state applies a “modified comparative negligence” rule to assign responsibility in accidents. This means that you cannot recover damages if you are 51% or more at fault. However, if your fault was less than 50%, you could receive some compensation.
Now, understanding whether your case qualifies for a successful lawsuit can be daunting. Do not fret because LawsuitLoans.io is here to provide funding for your lawsuit. We alleviate financial stress as you wait for your day in court. Reach out to us on our toll-free number (800) 340-4973 or fill up an application on LawsuitLoans.io funding application.
Get Started
Apply today and get funds in as little as 24 hours!
How Much Money Can I Get From my Motorcycle Accident Pre-settlement Loan?
Lawsuit loans from LawsuitLoans.io can range in value from $500 up to over $1,000,000. The amount we’re able to advance hinges on the progress of your case and your expected settlement. For cases that are still in progress, we can offer up to 25% of what you expect to receive once your case is settled. If your case is already concluded, we may be able to offer 50% of your expected portion of the settlement.
Let’s look at an example to illustrate this. Suppose you’re a plaintiff in a motorcycle accident case in South Dakota, and your case has an estimated worth of $350,000. However, your case is still ongoing, and it might be some time before you reach a settlement. Generally in such cases, medical providers and your attorney each receive roughly one-third of the settlement. This would leave you with approximately $115,000. In this scenario, LawsuitLoans.io could potentially advance you around 25% of that sum, which amounts to $29,000.
Roadway Accident Cases we Fund in South Dakota
We fund almost any type of roadway accident in South Dakota. Here are just a few examples:
- Bicycle Accident Loans: Funding for when you were injured while cycling.
- Car Accident Loans: Funding for car-related injuries.
- Commercial Vehicle Accident Loans: Financial assistance for cases involving commercial vehicles.
- Government Vehicle Accident Loans: Support for accidents involving government vehicles.
- Motorcycle Accident Loans: We can assist if your injury involved a motorcycle.
- Pedestrian Accident Loans: For injuries suffered as a pedestrian on the road.
- Rideshare Accident Loans: Suitable for cases involving rideshare services like Lyft or Uber.
- Semi-Truck Accident Loans: Assistance for accidents involving large trucks or semi-trucks.
Get $500 – $500,000 in as Little as a Single Business Day!
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 business day.
Cities we Service in South Dakota
LawsuitLoans.io provides funding throughout South Dakota. See more about our funding in South Dakota by visiting the city pages below:
Other Cases we Fund in South Dakota
LawsuitLoans.io provides funding for various personal injury and roadway accident cases in South Dakota. Read more about the personal injury cases we fund in South Dakota here:
- Personal Injury Loans
- Police Misconduct Lawsuit Loans
- Medical Malpractice Lawsuit Loans
- Slip and Fall Lawsuit Loans
- Premises Liability Loans
- Dog Bite Lawsuit Loans
- Wrongful Death Loans
Read more about the roadway accident claims we fund in South Dakota here:
Get up to $500,000 With Rates as Low as 2.5% Simple, Monthly
Does LawsuitLoans.io Directly Fund Cases in South Dakota?
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 South Dakota.