New York 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
Apply in Seconds
What Are Rideshare Accident Loans in New York
Rideshare accident loans are a type of funding offered to victims of car accidents involving rideshare services, such as Uber and Lyft. In simple terms, these loans offer financial relief to individuals who are waiting for the completion of their legal cases. This type of loan is also known as non-recourse advances. They’re called “non-recourse” because if a plaintiff does not win their case, they will not be obliged to repay the money borrowed.
In New York, when individuals become victims of car accidents involving any form of rideshare service, they can apply for a rideshare accident loans. These funds help them take care of their medical expenses, living costs, and other financial needs while they await their case resolution. The plaintiff borrows from their anticipated settlement; hence it’s not technically a loan, but a cash advance against their likely future compensation.
The lender, like LawsuitLoans.io, takes the risk instead of the plaintiff. If the rightful compensation doesn’t come through, the plaintiff does not incur any debt. What is more, repayment only occurs when the plaintiff receives their settlement. Therefore, it offers a secure way to achieve financial stability without worrying about additional risks or debt piles.
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 New York
If you’re involved in a car accident in New York and have a pending lawsuit, LawsuitLoans.io can provide you with a car accident loan. This financial solution helps plaintiffs meet their living expenses while they wait for the resolution of their cases. Here are some key facts to understand about car accident loans in New York.
| Average car accident loan amount by LawsuitLoans.io in New York | $17,713.29 |
| Largest car accident loan by LawsuitLoans.io in New York | $191,721.27 |
| Average interest rate in New York | 20.6% |
| Median personal injury verdict in New York | $287,628.00 |
| New York statute of limitations | 3 Years; Civil Practice Laws and Rules Art. 2 Section 214 |
| New York fault laws | New York is a “no-fault” state, meaning your own insurance covers your losses regardless of who caused the accident. |
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 New York?
If you’re a victim of a car accident, you may wonder if you qualify for a lawsuit loan. But when it comes to rideshare accidents, the criteria are quite straightforward. Because a sizable insurance policy is involved in every rideshare accident claim, the primary criteria for eligibility is having an attorney hired on a contingency basis and being 18 years old or older.
At LawsuitLoans.io, we fund claims from injuries resulting from accidents involving any rideshare company or delivery service. Some examples of such companies include:
- Uber – Founded in 2009, Uber is a global technology company that offers ridesharing services across many countries.
- Lyft – Established in 2012, Lyft is an American ridesharing company operating in the United States and Canada.
- DoorDash – Launched in 2013, DoorDash is a food delivery service operating in the United States, Canada, and Australia.
So, if you suffer injuries in a car accident involving any of these companies, and meet the age and legal representation criteria, you are indeed eligible for a rideshare accident loan.
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 to over $1,000,000. For cases still in progress, we can advance you up to a maximum of 25% of your expected portion of the settlement. For settled cases, we are able to offer up to 50% of your expected portion of the settlement.
Let’s take an example. Suppose a plaintiff in New York had a rideshare accident and the estimated value of his claim is $500,000. His case is still ongoing and will not be settled for some time. As a common practice, medical providers are paid around 1/3 of the settlement, and the attorney gets another 1/3. This means that the plaintiff would receive approximately $170,000.
At LawsuitLoans.io, we could advance about 25% of that amount, or $42,500.
Get Started
Apply today and get funds in as little as 24 hours!
Roadway Accident Cases we Fund in New York
We fund almost any type of roadway accident in New York. Here are the types of cases we support:
- Bicycle Accident Loans: If you’re a cyclist and have been injured due to others’ negligence, we can fund your legal battle.
- Car Accident Loans: We offer funding for lawsuits involving car accidents caused by other parties.
- Commercial Vehicle Accident Loans: Plaintiffs seeking compensation for commercial vehicle accidents can get funding from us.
- Government Vehicle Accident Loans: We fund cases involving government vehicle accidents.
- Motorcycle Accident Loans: Motorcyclists involved in an accident can apply for our lawsuit loans.
- Pedestrian Accident Loans: If you were hit as a pedestrian, we can provide the necessary funds for your legal claim.
- Rideshare Accident Loans: We also fund cases involving rideshare accidents.
- Semi-Truck Accident Loans: In cases of semi-truck accidents, we provide funds to help plaintiffs seek justice.
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 New York
LawsuitLoans.io provides funding for various personal injury and roadway accident cases in New York. Read more about the personal injury cases we fund in New York 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 New York here: