New Jersey 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 New Jersey
A pedestrian accident loan in New Jersey is a type of funding provided to plaintiffs who have been injured in pedestrian accidents. It’s important to note that this isn’t a traditional loan where you’re required to make monthly repayments. Instead, it’s more akin to a cash advance on the settlement you hope to receive from your pending personal injury lawsuit.
Traditional loans require you to maintain a good credit standing and have a steady source of income. However, when applying for a pedestrian accident loan with LawsuitLoans.io, these requirements are not a concern. Approval is based solely on the merits of your case, not on your personal circumstances.
As there’s no recourse, if you don’t win your lawsuit or secure a settlement, you owe nothing back. This makes pedestrian accident loans a risk-free option for the plaintiffs struggling financially during their litigation process. If you do win your case or reach a satisfactory settlement, the amount advanced to you, plus agreed-upon fees, will be paid back from the proceeds.
In essence, LawsuitLoans.io provides a lifeline to pedestrians in New Jersey who are in the middle of an accident lawsuit and are in need of financial help.
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 Jersey
Car accident loans in New Jersey assist plaintiffs who are waiting for their lawsuits to resolve. These funds can help cover immediate expenses and financial strain caused by the accident. Important details you need to know include average loan amounts, interest rates, and legal information related to car accidents in the state.
| Average car accident loan amount by LawsuitLoans.io in New Jersey | $12,465.75 |
| Largest car accident loan by LawsuitLoans.io in New Jersey | $108,649.00 |
| Average interest rate in New Jersey | 21.7% |
| Median personal injury verdict in New Jersey | $31,000.00 |
| New Jersey statute of limitations | 2 Years; N.J. Stat. Ann. § 2a:14-1 |
| New Jersey fault laws | New Jersey is a “choice no-fault” state, allowing drivers to choose between a “no-fault” policy and a traditional “at-fault” policy. |
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 New Jersey?
If you’re a pedestrian involved in an accident in New Jersey, you may be wondering about your eligibility for a lawsuit loan. The basic requirements for this type of funding are not complicated, but it’s crucial to have a clear understanding of them.
The primary eligibility criteria for a pedestrian accident lawsuit loan are as follows:
- A valid legal claim: You should currently have a legitimate personal injury claim against an insurance company or a self-insured entity because of the accident.
- Representation by an attorney: You must have engaged the services of a lawyer who’s willing to take on your case on a contingency basis. This means your attorney gets paid only if you win your case or manage to secure a settlement.
- Minimum age requirement: You should be at least 18 years old to apply for a lawsuit loan.
If these conditions are met, you may be eligible for a pedestrian accident lawsuit loan in New Jersey. Visit LawsuitLoans.io funding application to start the process today, or reach out to us at (800) 340-4973 for more information.
Get up to $500,000 With Rates as Low as 2.5% Simple, Monthly
Types of Pedestrian Accident Claims in New Jersey
When a pedestrian is injured due to someone else’s negligence, they have the right to seek compensation through a personal injury lawsuit. Below are a few common types of pedestrian accident claims in New Jersey, how these accidents usually occur, and the impact New Jersey’s fault laws can have on a plaintiff’s lawsuit.
Vehicle-Pedestrian Accidents
One of the most common types of pedestrian accidents involves motor vehicles. These accidents often occur when drivers fail to yield to pedestrians at crosswalks, are distracted, or drive under the influence. In these cases, New Jersey’s comparative negligence law could reduce the amount of compensation a pedestrian can receive if they are found partially at fault for the accident.
Bicycle-Pedestrian Accidents
Bicycles often share the same pathways as pedestrians, leading to potential accidents. If a cyclist hits a pedestrian due to reckless behavior, the pedestrian can file a lawsuit. However, if the pedestrian contributed to the accident, their compensation could be reduced as per the state’s comparative negligence law.
Slip and Fall Accidents
Pedestrians can also get injured due to slip and fall accidents caused by hazardous conditions like uneven pavement, poorly lit paths, or snow and ice. Property owners may be held liable in such cases. As with other types of accidents, if the pedestrian’s actions contributed to the accident, their compensation might be affected.
Pedestrian accident cases in New Jersey can be complex, given the state’s fault laws. Therefore, it is essential to consult with knowledgeable legal professionals to navigate these laws successfully and secure fair compensation.
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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 vary considerably, offering a range of amounts between $500 to over $1,000,000. The amount that we can provide as an advance is mainly determined by your estimated settlement amount. If your case has not been settled yet, we can advance you up to a maximum of 25% of the portion of the settlement you are expected to receive.
In the case of already settled cases, the percentage we can offer increases to 50% of your expected portion of the settlement. This significantly raises the potential loan amount that you could be eligible for.
Let’s look at an example of how this works in a real-world scenario: Suppose a plaintiff in New Jersey has a pedestrian accident case with an estimated settlement value of $300,000. However, the case is still in progress and it will not settle for quite some time. In typical scenarios, medical providers might expect to receive around one-third of any settlement received. Likewise, attorneys also often take about another third of such settlements. This leaves around $100,000 for the plaintiff.
In such a situation, given that the case has not yet settled, we would be able to advance about 25% of the plaintiff’s expected net settlement. In this specific example, that would amount to approximately $25,000.
Roadway Accident Cases we Fund in New Jersey
At LawsuitLoans.io, we provide funding for almost any type of roadway accident in New Jersey. Our services include:
- Bicycle Accident Loans: Funding to aid victims of bicycle accidents whilst they await settlement.
- Car Accident Loans: Assistance for individuals involved in car accidents in securing pre-settlement funding.
- Commercial Vehicle Accident Loans: Aid for commercial vehicle accident victims in securing lawsuit loans.
- Government Vehicle Accident Loans: Financial support for those involved in government vehicle incidents during their case proceedings.
- Motorcycle Accident Loans: Pre-settlement funding for victims of motorcycle incidents.
- Pedestrian Accident Loans: Assistance in securing lawsuit loans for those affected by pedestrian-related incidents.
- Rideshare Accident Loans: Support for those involved in rideshare incidents in achieving lawsuit loans whilst awaiting case resolution.
- Semi-Truck Accident Loans: Pre-settlement funds for victims of semi-truck accidents to aid them during their legal proceedings.
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 New Jersey
LawsuitLoans.io provides funding throughout New Jersey. See more about our funding in New Jersey by visiting the city pages below:
Other Cases we Fund in New Jersey
LawsuitLoans.io provides funding for various personal injury and roadway accident cases in New Jersey. Read more about the personal injury cases we fund in New Jersey 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 Jersey here: