Texas Bike Accident Loans

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  • Rates as Low as 2.5% Simple, Monthly
  • Repay $0 if You Lose Your Case
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    What Are Bicycle Accident Lawsuit Loans in Texas

    A bicycle accident lawsuit loan is a form of financial help for those who have been injured in a bicycle accident. It’s essentially an advance on the potential settlement that you might receive from your lawsuit. It helps the plaintiff (the person who was hurt) manage their daily life expenses while they wait for their case to be resolved.

    The great advantage of bicycle accident lawsuit loans is that they are a non-recourse type of funding. This means if you, as a plaintiff, do not win your case, you are not required to pay back the fund you received. Hence, bicycle accident lawsuit loans are sometimes referred to as a risk-free financial support option for plaintiffs recovering from bike accidents. They provide you with the breathing room you need while you concentrate on recuperating and fighting your legal battle.

    If you’ve been injured in a bike accident in Texas, and pending lawsuit is causing financial strain, a lawsuit loan may be a viable solution for you. Provided by specialized companies like LawsuitLoans.io, they can ease your burden and allow you to focus on your recovery and your 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.

    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 Texas

    In Texas, car accident loans are a financial resource for plaintiffs who have personal injury claims due to motor vehicle mishaps. This kind of funding helps victims manage their expenses while waiting for their legal case to conclude. The following table represents some statistics pertinent to car accident loans in Texas.

    Average car accident loan amount by LawsuitLoans.io in Texas $9,400.29
    Largest car accident loan by LawsuitLoans.io in Texas $100,500.00
    Average interest rate in Texas 21.3%
    Median personal injury verdict in Texas $12,281.00
    Texas statute of limitations 2 Years; Civ. Prac. & Rem Code Title 2 Ch. 16 Section 16.003
    Texas fault laws Texas 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 Bicycle Accident Loan in Texas?

    If you’ve been involved in a bicycle accident in Texas and have filed a lawsuit, you may be wondering if you’re eligible for a Bicycle Accident Lawsuit Loan. The process is not as complicated as it may seem at first. The main eligibility criteria are relatively straightforward.

    Firstly, you need to have a valid legal claim against an insurance company or self-insured party. This implies that your bike accident was not your fault and that there’s a clear party responsible for the damages you sustained.

    The second requirement is that you must have already hired an attorney to represent your case on a contingency basis. This means your attorney only gets paid if you win your suit. It also shows the lawsuit funding company that your case is strong enough that a lawyer is willing to handle it on this ‘no win, no pay’ basis.

    Lastly, you must be of legal adult age, which in Texas, is 18 years old. This is a common criteria for any form of legal agreement or contract, including lawsuit loans.

    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.

    Bike Accident Loan Process in Texas

    If you’ve been injured in a bike accident in Texas and brought a legal case against the person responsible for your injuries, you might be interested in how a lawsuit loan can help you. A lawsuit loan, or pre-settlement funding, can provide financial relief while you wait for your legal case to conclude. Here’s an overview of how this process works with LawsuitLoans.io, focusing particularly on pedestrian vs auto lawsuit loans:

    1. Apply online: First, fill out the online application form at LawsuitLoans.io funding application.
    2. We contact your law firm: Upon receipt of your application, our team will reach out to your law firm to gather additional information about your case.
    3. We review your case: Our underwriting team then evaluates your case, looking at factors like the severity of your injuries, the liability of the defendant, and the potential value of your claim.
    4. You sign a contract: If approved, you (and your lawyer) will receive a contract detailing the terms of the loan. Upon agreement, you both will sign it.
    5. You get funds: Lastly, the funds will be transferred to you, which you’re free to use as necessary, whether to cover medical bills, rent, groceries, or other living expenses.

    For instance, let’s take John, a bicyclist in Houston. He was struck by a speeding driver who ran a red light. Due to the accident, John suffered serious injuries preventing him from returning to work. He sued the driver, but the case was expected to last a year. Thus, to meet his living expenses, John applied for a lawsuit loan from LawsuitLoans.io. He completed the online application, and we reached out to his law firm for additional details about his case. After evaluation of the case details, we approved John’s request and he received his funding within 24 hours upon signing the contract.

    If you are in a similar situation to John, don’t hesitate to apply for a lawsuit loan and make your legal journey a little less stressful!

    Get Started

    Apply today and get funds in as little as 24 hours!

    Types of Bike Accident Claims in Texas

    Many types of bike accidents occur in Texas, each one unique and potentially dangerous. The cause of these accidents can affect the success of a lawsuit.

    For instance, take ‘doorings.’ This happens when a vehicle’s door suddenly opens in a biker’s path. Abrupt stops can throw cyclists off their bikes leaving them injured.

    Another type is the ‘right hook.’ Here, a vehicle turns right directly in front of a cyclist who cannot stop in time to avoid collision.

    ‘Left cross’ accidents are also common. In these cases, a vehicle turning left cuts directly into a bicyclist’s path, causing an accident.

    The last example we’ll look at is the ‘hit and run.’ This, unfortunately, occurs when a criminally neglectful driver hits a cyclist and then flees the scene.

    In Texas, one important detail to note with these accidents is the fault law. For a successful lawsuit, you must be able to prove the other party was more at fault for the accident. If you’re found to be 51% or more at fault, you can’t recover damages in Texas. So, each accident circumstance will significantly impact the lawsuit.

    Knowing the details about your accident can help. These insights could potentially increase your chances of getting settlement funds from LawsuitLoans.io.

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

    Lawsuit loans from LawsuitLoans.io can range from $500 to over $1,000,000. If your case is ongoing, we can advance up to a maximum of 25% of your expected share of the settlement. For cases that have already been settled, we can offer up to 50% of your anticipated share of the settlement.

    For example, consider a plaintiff in Texas who is involved in a bike accident case with an estimated value of $750,000. The case is still in progress and is not expected to settle for some time. Medical service providers usually get paid around 1/3 of the settlement and the lawyer also receives about 1/3 of the settlement. As a result, the plaintiff would receive approximately $250,000. We can advance about 25% of this amount, which comes out to be $52,500.

    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.

    Roadway Accident Cases we Fund in Texas

    At LawsuitLoans.io, we provide lawsuit funding for almost any type of roadway accident happening in Texas. Here are some of the cases we fund:

    Major Cities we Serve in Texas

    LawsuitLoans.io is a pre-settlement funding firm dedicated to assisting plaintiffs with personal injury and other legal claims. We support claimants not only in Texas but also all over the United States while they wait for their legal case to be settled. As part of our commitment to accessibility, we provide funding in the top 10 most populated cities in Texas, which includes:

    • Houston
    • San Antonio
    • Dallas
    • Austin
    • Fort Worth
    • El Paso
    • Arlington
    • Corpus Christi
    • Plano
    • Laredo

    It’s important to note that our support extends beyond these cities. No matter where you live in Texas or anywhere in the nation, LawsuitLoans.io is ready to help. To avail our services, visit our website at LawsuitLoans.io, call us toll free at (800) 340-4973, or fill out the funding application located at LawsuitLoans.io funding application.

    Get up to $500,000 With Rates as Low as 2.5% Simple, Monthly

    Texas Bike Accident Funding FAQs

    Being involved in a bike accident can be draining both emotionally and financially. There are often multiple questions associated with acquiring funding during this time. Here, we will answer three of the most frequently asked questions for Texas residents concerning bike accident lawsuit loans.

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

    The cost of a bike accident lawsuit loan varies based on different factors. These factors include the specifics of your case, the estimated settlement amount, and the duration until settlement. To get a better understanding of what a lawsuit loan might cost you, speak with one of our LawsuitLoans.io customer service representatives who will guide you through the process.

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

    Qualification for a lawsuit loan primarily depends on the strength and potential worth of your case. Factors such as the seriousness of injury, liability, insurance coverage, and the defendant’s ability to pay are all taken into account. Reach out to us at LawsuitLoans.io or call our toll-free number (800) 340-4973 for a free case evaluation.

    Can you get a loan on a bike accident settlement?

    Yes, you can receive a loan on your bike accident settlement. This is known as a pre-settlement loan, which allows you to access funds before your case has been settled. Remember that this type of loan is risk-free. If your case doesn’t win, you don’t have to repay the loan. Apply for a lawsuit loan today to help alleviate financial stress while waiting for your settlement.

    Cities we Service in Texas

    LawsuitLoans.io provides funding throughout Texas. See more about our funding in Texas by visiting the city pages below:

    Get Started

    Apply today and get funds in as little as 24 hours!

    Other Cases we Fund in Texas

    LawsuitLoans.io provides funding for various personal injury and roadway accident cases in Texas. Read more about the personal injury cases we fund in Texas here:

    Read more about the roadway accident claims we fund in Texas here:

    Apply now for a free consultation