Alabama Rideshare 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 Rideshare Accident Loans in Alabama?
A rideshare accident loan, also known as a pre-settlement car accident loan, is a funding option provided to plaintiffs involved in a car accident. This provides financial relief to individuals who have been hurt in such accidents while they await the resolution of their legal cases.
Now, what makes car accident loans unique is their non-recourse nature. Simply put, these loans are not like your typical bank loans. In a traditional loan setup, regardless of the circumstances, you’re obliged to repay the debt. However, with car accident loans, the scenario is different. Here, repayment is contingent on the settlement of the car accident claim.
This means that if for any reason your case doesn’t end in your favor and you fail to gain from any settlement, there is no obligation to pay back the loan. Your personal assets remain untouched. Consequently, this makes a car accident lawsuit loan a no-risk funding solution for rideshare accident victims seeking financial help during their lawsuit.
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 Alabama
If you find yourself involved in a car accident lawsuit in Alabama and are in need of funds, a car accident loan could be a good option. A car accident loan is not a traditional loan but a pre-settlement fund provided by LawsuitLoans.io to plaintiffs who are awaiting the resolution of their legal claims. We provide financial assistance allowing you to manage your expenses while you navigate through the legal process. Below is some important information and statistics related to car accident loans in Alabama.
| Average car accident loan amount by LawsuitLoans.io in Alabama | $16,934.65 |
| Largest car accident loan by LawsuitLoans.io in Alabama | $59,145.00 |
| Average interest rate in Alabama | 19.2% |
| Median personal injury verdict in Alabama | $309,062.00 |
| Alabama statute of limitations | 2 Years; Code of Alabama Section 6-2-30 |
| Alabama fault laws | Alabama 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.
Am I Eligible for a Rideshare Accident Loan in Alabama?
Being involved in a car accident can be a traumatic and life-altering experience. When you’re caught up in a rideshare accident, things can get even more complicated. You might wonder if you are eligible for a lawsuit loan to help cope with your mounting expenses and financial strains. It’s not as puzzling as it seems.
The good news is that if you involved in an accident with a rideshare vehicle, there’s a high chance that a comprehensive insurance policy is involved. This implies that one of the key eligibility factors for a rideshare accident loan is already taken care of.
So, exactly what determines your eligibility for a car accident lawsuit loan? First, you must have hired an attorney to represent your case on a contingency basis. Simply put, your lawyer agrees to get paid only if you win the lawsuit or secure a settlement. This ensures that your claim has merit and is not frivolous.
Secondly, in Alabama, as in most states, you need to be at least 18 years old to be able to apply for and receive a lawsuit loan. This is because minors are generally not allowed to enter into legally binding contracts by themselves.
At LawsuitLoans.io, we fund all sorts of claims arising from accidents involving any rideshare company or delivery service. Do you have a claim against Uber, which was founded in 2009 with its headquarters in San Francisco, California? Or perhaps it’s against Lyft, another major player in the rideshare sector since its founding in 2012? We quote and fund claims on these companies and even others like DoorDash, a food delivery service launched in 2013.
To figure out if you qualify for a rideshare accident loan in Alabama, it boils down to these two main criteria: having hired an attorney on a contingency basis and being older than 18 years of age.
Get up to $500,000 With Rates as Low as 2.5% Simple, Monthly
How Much Money Can I Get From my Rideshare Accident Pre-settlement Loan?
Lawsuit loans from LawsuitLoans.io can range from $500 – $1,000,000+. Depending on the status of your case, we are able to provide advances based on a percentage of your expected settlement amount.
If your case is still in progress, we can advance up to a maximum of 25% of your estimated portion of the settlement. If your case has already settled, we offer up to 50% of your anticipated share of settlement.
Consider this example: an individual in Alabama was involved in a rideshare accident that resulted in a lawsuit with an estimated claim value of $500,000. Given the ongoing nature of the case and the extended period before it will be settled, the plaintiff can typically expect to receive around a third of the settlement, accounting for payments to healthcare providers and legal representation. This would equate to roughly $170,000.
In such instances, LawsuitLoans.io could advance approximately 25% of this amount, or $42,500. This aids the plaintiff financially while they wait for their case to resolve.
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Apply today and get funds in as little as 24 hours!
Roadway Accident Cases we Fund in Alabama
At LawsuitLoans.io, we fund almost any type of roadway accident in Alabama. Our offerings include the following:
- Bicycle Accident Loans: If you’ve been injured in a bike accident due to someone else’s negligence, we can help you with your legal funding.
- Car Accident Loans: Receive money before your claim is settled if you’ve been in an auto collision. This can provide financial support during a difficult time.
- Commercial Vehicle Accident Loans: Commercial vehicle accidents may have complicated insurance policies. We can provide pre-settlement funding for these cases.
- Government Vehicle Accident Loans: Claims involving government vehicles may take more time to settle. Our lawsuit loans can provide necessary funds in the meantime.
- Motorcycle Accident Loans: After a motorcycle crash, you may need financial help before your case is resolved. We can provide this.
- Pedestrian Accident Loans: Pedestrians may face significant injuries from accidents. Our loans can ease the financial burdens that come with these incidents.
- Rideshare Accident Loans: If you’re injured in an incident involving a rideshare vehicle, we can help cover costs while your lawsuit is ongoing.
- Semi-Truck Accident Loans: Semi-truck accidents often result in serious injuries and costly medical expenses. We offer pre-settlement loans to aid in your recovery process.
Cities we Service in Alabama
LawsuitLoans.io provides funding throughout Alabama. See more about our funding in Alabama by visiting the city pages below:
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.
Other Cases we Fund in Alabama
LawsuitLoans.io provides funding for various personal injury and roadway accident cases in Alabama. Read more about the personal injury cases we fund in Alabama 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 Alabama here:
Does LawsuitLoans.io Directly Fund Cases in Alabama?
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 Alabama.