Michigan Pedestrian 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 Pedestrian Accident Loans in Michigan?
A car accident loan, in the context of pedestrian accidents in Michigan, refers to a type of pre-settlement funding. This kind of financial aid offers immediate cash to plaintiffs involved in such incidents. It’s designed to supplement their financial needs as they wait for their legal cases to conclude – a process which often takes considerable time.
When a plaintiff chooses a pedestrian accident loan, the company providing the funds extends a non-recourse loan. This means that the repayment is contingent on the case settling in the plaintiff’s favor and them receiving a monetary reward. If the plaintiff doesn’t win their case, they’re under no obligation to repay the loan.
These loans play an essential role especially when injured pedestrians face mounting expenses such as medical bills and living costs while their source of income may be disrupted due to their injuries. By acquiring a pedestrian accident loan, plaintiffs can ensure they can uphold their standard of living and afford necessary legal expenses until their case resolves.
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 Michigan
If you’re involved in a car accident in Michigan, you might be eligible for a car accident loan. These types of loans are designed to provide financial relief while your legal case is being resolved. The table below shows some key information regarding car accident loans in Michigan.
| Average car accident loan amount by LawsuitLoans.io in Michigan | $14,827.50 |
| Largest car accident loan by LawsuitLoans.io in Michigan | $100,700.00 |
| Average interest rate in Michigan | 21.0% |
| Median personal injury verdict in Michigan | $99,506.00 |
| Michigan statute of limitations | 3 Years; Michigan Comp. Laws Section 600.5801 |
| Michigan fault laws | Michigan 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 Pedestrian Accident Loan in Michigan?
Qualifying for a pedestrian accident loan in Michigan requires meeting certain criteria. The primary requirements are as follows:
- You must have a valid legal claim against an insurance company or a self-insured company. This means you should be part of an ongoing lawsuit where the other party is responsible for the accident.
- You need to have an attorney working on your case on contingency basis. This means your attorney is paid only when they win the case for you.
- You must be at least 18 years old, which is the legal age for entering into a contract in Michigan.
If you meet these primary eligibility conditions, you stand a good chance of qualifying for a pedestrian accident lawsuit loan from LawsuitLoans.io.
Get up to $500,000 With Rates as Low as 2.5% Simple, Monthly
Types of Pedestrian Accident Claims in Michigan
Pedestrian accidents can happen due to various reasons and under different circumstances. Here in Michigan, many personal injury lawsuits stem from these unfortunate incidents. Let’s look at a few examples of such accidents and how state laws regarding fault could affect your chances of succeeding in the lawsuit.
The most common pedestrian accidents in Michigan involve cars or other vehicles striking pedestrians. This usually happens when drivers are not paying proper attention or are unable to stop in time. A driver can be held fully responsible for the accident if it can be proven that they failed to exercise reasonable care.
Another typical instance is when the pedestrian is hit by a cyclist running a red light or stop sign. Similarly here, if the cyclist is found to have violated traffic laws, they could bear full responsibility for the accident and any injuries caused.
Accidents involving slips, trips, and falls on public sidewalks also fall under pedestrian accident claims. If such an accident was caused due to the negligence or lack of maintenance by the property owner, you may have a strong claim for compensation.
In understanding your chances of success in a pedestrian accident lawsuit, it’s crucial to know about Michigan’s comparative fault laws. These laws can affect the amount of compensation you can achieve as a plaintiff. If a court finds that you were partially at fault for the accident, your compensation could be reduced accordingly. In extreme cases where you were more than 50% at fault, you may not receive any compensation at all.
Contacting a knowledgeable attorney can help navigate these complex laws and give you the best chance of successfully presenting your lawsuit.
Get Started
Apply today and get funds in as little as 24 hours!
How Much Money Can I Get From my Pedestrian Accident Pre-settlement Loan?
Lawsuit loans from LawsuitLoans.io can range from $500 – $1,000,000+. We have the ability to advance up to a maximum of 25% of your expected share of the settlement if your case is still in progress. In the event of settled cases, we can potentially offer 50% of what you are likely to get from the settlement.
Let’s look at an example for clarity. Suppose a plaintiff in Michigan has been part of a pedestrian accident. Their case has an estimated value of $300,000. The case is unlikely to settle soon. Typically, medical providers receive around 1/3 of the settlement, and the attorney also gets around 1/3. This would mean that our plaintiff might expect to receive about $100,000. With the lawsuit loan from us, they could secure up to 25% of that amount in advance, or around $25,000.
Roadway Accident Cases we Fund in Michigan
We fund almost any type of roadway accident in Michigan. Here’s a quick list:
- Bicycle Accident Loans: When you are engaged in legal proceedings due to injuries sustained in a bicycle accident, we offer financial support.
- Car Accident Loans: Should you be entangled in a lawsuit as a result of a car crash, count on us for financial funding.
- Commercial Vehicle Accident Loans: If your case revolves around a commercial vehicle collision, we provide lawsuit loans while you wait for your case to resolve.
- Government Vehicle Accident Loans: Any legal claim against a government vehicle incident qualifies you for our pre-settlement loans.
- Motorcycle Accident Loans: In the event of a motorcycle mishap leading to a court case, we assist with financial backup.
- Pedestrian Accident Loans: Funds are available to help if you’re involved in a lawsuit involving a pedestrian accident.
- Rideshare Accident Loans: We can help fund your legal battle if you’ve been involved in a rideshare accident.
- Semi-Truck Accident Loans: For your semi-truck accident case, we provide lawsuit loans to assist as you await the resolution of your case.
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 Michigan
LawsuitLoans.io provides funding throughout Michigan. See more about our funding in Michigan by visiting the city pages below:
Other Cases we Fund in Michigan
LawsuitLoans.io provides funding for various personal injury and roadway accident cases in Michigan. Read more about the personal injury cases we fund in Michigan 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 Michigan here: