Mississippi 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 Mississippi
In the realm of legal funding, a term you may come across is ‘pedestrian accident loan’. This type of loan serves as financial support to a plaintiff who has been injured as a pedestrian due to someone else’s negligence. It is important to note that these aren’t traditional loans. They are actually non-recourse advances on a plaintiff’s future car accident settlement.
When we say ‘non-recourse’, it means that the funding company, like LawsuitLoans.io, will only recover their advance if your case wins. In other words, if for some reason the case does not result in a favorable settlement, the plaintiff is not obligated to repay the funds.
The purpose of these funds, also known as pre-settlement funding, is to help victims meet their financial needs as they wait for their legal cases to be resolved. This provides the breathing space required to focus on recovering and getting life back on track, while their attorney works to secure the best possible outcome for their 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.
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 Mississippi
If you’re currently in a lawsuit due to a car accident in Mississippi, financial relief may be available even before your case is settled. LawsuitLoans.io offers car accident loans that can provide interim financial support while you await trial or settlement. Check out the essential details you need to know about these car accident loans in the table below:
| Average car accident loan amount by LawsuitLoans.io in Mississippi | $3,888.58 |
| Largest car accident loan by LawsuitLoans.io in Mississippi | $11,530.43 |
| Average interest rate in Mississippi | 22.5% |
| Median personal injury verdict in Mississippi | $31,000.00 |
| Mississippi statute of limitations | 3 years; Mississippi Code Ann. Section 15-1-1 |
| Mississippi fault laws | Mississippi is an “at-fault” or “tort” state, meaning the driver found to be responsible for the accident is liable for damages. |
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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 Mississippi?
To qualify for a pedestrian accident lawsuit loan in Mississippi, there are a few key requirements. Firstly, you must have a valid legal claim against an insurance company or a self-insured company. This means that you are pursuing a lawsuit following an accident that wasn’t your fault, and are seeking compensation for your damages.
Secondly, you must have an attorney representing you on a contingency basis. This means your lawyer gets paid only if they win the case or obtain a settlement on your behalf. The existence of such an arrangement shows that a professional attorney believes in the validity and potential success of your case.
Lastly, you must be at least 18 years old to apply for a loan from LawsuitLoans.io. This age restriction is common to many legal and financial transactions, and it ensures that you are legally capable of entering into a contract.
Get up to $500,000 With Rates as Low as 2.5% Simple, Monthly
Types of Pedestrian Accident Claims in Mississippi
In Mississippi, pedestrian accidents occur in various ways. One common form is when a vehicle strikes an individual who is walking on or near the road. These incidents may be the result of driver distraction, visibility issues, or failure to obey traffic rules. A less common, but equally devastating type is a ‘hit and run’, which refers to the situation where the responsible driver flees the scene. Another example is parking lot accidents which transpire when drivers are not cautious while reversing or maneuvering their vehicles.
An interesting aspect of law in Mississippi is its adherence to the pure comparative fault principle. This means that even if you, as a pedestrian, were partially at fault for the accident, you can still file a claim and potentially receive damages. However, your compensation will be reduced proportionally to your degree of fault. For instance, if it’s found that you were 30% responsible for the accident, your potential settlement amount would be reduced by 30%.
Understanding these types of pedestrian accident claims, along with the state’s fault laws, may have a significant impact on a plaintiff’s chances of success in their lawsuit. It’s crucial to speak to a qualified legal counsel to discuss your unique circumstances in order to understand how these laws may apply to your case.
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How Much Money Can I Get From my Pedestrian Accident Pre-settlement Loan?
Lawsuit loans from LawsuitLoans.io can range from $500 to over $1,000,000. We can advance up to a maximum of 25% of your expected portion of the settlement if your case is still in progress. For cases that have been settled, we offer up to 50% of your expected settlement amount.
For instance, consider a plaintiff in Mississippi who has an ongoing pedestrian accident case. This case has an estimated value of $300,000 but will not settle for some time. Generally, medical providers get paid approximately 1/3 of the settlement and the attorney are also entitled to another 1/3 of the settlement. This leaves the plaintiff with around $100,000. In this scenario, we could advance approximately 25% of that amount or $25,000.
Roadway Accident Cases we Fund in Mississippi
At LawsuitLoans.io, we can offer funding for almost any type of roadway accident that occurs in Mississippi. Below is a list of specific accidents we cover:
- Bicycle Accident Loans: Assistance for those involved in bicycle accidents.
- Car Accident Loans: Funds for victims who encounter auto accidents.
- Commercial Vehicle Accident Loans: Aid for incidents involving commercial vehicles.
- Government Vehicle Accident Loans: Support for cases involving government vehicles.
- Motorcycle Accident Loans: Funding for motorcycle-associated mishaps.
- Pedestrian Accident Loans: Help for those having pedestrian-related incidents.
- Rideshare Accident Loans: Financial aid for rideshare-related accidents.
- Semi-Truck Accident Loans: Funding for semi-truck collision victims.
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 Mississippi
LawsuitLoans.io provides funding throughout Mississippi. See more about our funding in Mississippi by visiting the city pages below:
Other Cases we Fund in Mississippi
LawsuitLoans.io provides funding for various personal injury and roadway accident cases in Mississippi. Read more about the personal injury cases we fund in Mississippi 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 Mississippi here:
Get up to $500,000 With Rates as Low as 2.5% Simple, Monthly
Does LawsuitLoans.io Directly Fund Cases in Mississippi?
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 Mississippi.