California Bike 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 Bicycle Accident Lawsuit Loans in California
A bicycle accident lawsuit loan is a type of pre-settlement funding provided to plaintiffs who have been injured in bike accidents. This facility offers financial support to the plaintiff, helping them make ends meet while they wait for their case to be resolved and their payout to be received. It’s an essential lifeline for many people, ensuring that financial hardship does not add to their already heavy burden.
One key feature about bicycle accident loans is that they are non-recourse, which means if you lose your case, you wouldn’t be required to pay back the loan. In other words, it’s a risk-free financial aid aimed at aiding plaintiffs until they receive their settlement.
Advances can be used to cover daily living expenses as well as medical costs and legal fees associated with the lawsuit. This kind of funding is essentially a way of getting some of your future settlement money now, when you need it the most, rather than having to wait until your case is officially closed.
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 California
In California, car accident loans are financial aids available to plaintiffs in the midst of a legal dispute relating to a vehicular accident. This solution from LawsuitLoans.io helps individuals accommodate their living expenses and cope with unexpected costs while they wait for the verdict or settlement of their case. The following table presents some valuable data:
| Average car accident loan amount by LawsuitLoans.io in California | $12,078.71 |
| Largest car accident loan by LawsuitLoans.io in California | $155,500.00 |
| Average interest rate in California | 20.6% |
| Median personal injury verdict in California | $114,305.00 |
| California statute of limitations | 2 Years; California Code of Civil Procedure Section 312 |
| California fault laws | California 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 Bicycle Accident Loan in California?
If you’ve been injured in a bike accident in California and plan to file a lawsuit, you might be wondering if you’re eligible for a bicycle accident loan. The short answer is, most likely yes! There are some basic criteria that you need to meet to be considered for a lawsuit loan.
The first and foremost requirement is that you should have a valid legal claim against an insurance company, or a self-insured entity as the defendant. Your claim becomes the collateral for your lawsuit loan. You should have already hired an attorney to represent your case on a contingency basis. This means that your lawyer doesn’t get paid unless you win your case, demonstrating their confidence in your claim’s strength.
The second requirement is age-related. You must be 18 years old or older to apply for a bicycle accident loan. If you meet these conditions, it’s highly likely you are eligible for a bike accident lawsuit loan.
Remember, every case is unique. Contact our team at LawsuitLoans.io today via our website LawsuitLoans.io or by phone at (800) 340-4973. You can also directly initiate your loan process by submitting your application at LawsuitLoans.io funding application.
Get up to $500,000 With Rates as Low as 2.5% Simple, Monthly
Types of Bike Accident Claims in California
In California, bike accidents can take many forms, each with their own set of complexities. Three common types of accidents include:
- Left-Hook Accidents: This occurs when a car makes a left turn in front of a cyclist travelling in the opposite direction. The car typically hits the cyclist or causes the cyclist to crash while avoiding the vehicle.
- Right-Cross Accidents: These accidents happen when a car pulls out from the right side, hitting a cyclist coming straight. The driver fails to see the cyclist and moves into the cyclist’s path.
- Door Accidents: Also known as “dooring,” these incidents occur when a parked car’s door opens in the cyclist’s path, causing a collision.
One critical element we must understand about bike accident claims is California’s pure comparative fault law. Under this rule, even if you are partially at fault for the accident, you can pursue a claim. However, your compensation will be reduced based on your percentage of fault.
For example, if you were found 10% at fault for the accident, your compensation would be reduced by 10%. This rule applies regardless of whether fault is shared between two parties or if multiple individuals are at fault.
Knowledge of these laws and types of accidents can help plaintiffs understand their chances of success in a bike accident lawsuit in California.
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Apply today and get funds in as little as 24 hours!
How Much Money Can I Get From my Bike Accident Pre-settlement Loan?
Lawsuit loans from LawsuitLoans.io can range from $500 – $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. We can offer up to 50% of your expected portion of the settlement for cases that have already been settled.
For instance, let’s say you are a plaintiff from California involved in a bike accident case and the case is estimated to be worth $750,000. However, your case is not yet resolved hence it will take some time. Typically, the funds are disbursed as follows: medical providers receive around 1/3 of the settlement (approximately $250,000), your attorney gets another 1/3, leaving the remaining third for you.
As such, your probable take from the settlement would be about $250,000. Due to our policy, we can advance approximately 25% of that amount, that is, up to $62,500.
Roadway Accident Cases we Fund in California
We fund almost any type of roadway accident in California. Here are some of the cases we support:
- Bicycle Accident Loans: If you’re involved in a bicycle accident and have a pending lawsuit, we can provide the funding you need until your case is resolved.
- Car Accident Loans: Car accidents can lead to high medical bills and lost wages. Our car accident loans can help you cover these expenses while you wait for your legal case to settle.
- Commercial Vehicle Accident Loans: Commercial vehicle accidents can be complex and time-consuming. We offer loans to plaintiffs in these cases, providing the financial cushion necessary during the lengthy legal process.
- Government Vehicle Accident Loans: If a government vehicle injured you, we can provide a loan to support you financially while your case makes its way through court.
- Motorcycle Accident Loans: Motorcycle accidents often lead to severe injuries and costly medical care. We supply loans to motorcycle accident victims who are in the middle of a lawsuit.
- Pedestrian Accident Loans: As a pedestrian, an accident can be particularly devastating. We offer loans to keep you financially stable until your lawsuit settles.
- Rideshare Accident Loans: Involved in an accident while using rideshare? Our funding options can help offset lost wages and medical expenses as your case progresses.
- Semi-Truck Accident Loans: Semi-truck accidents can cause severe damage and high medical costs. Our loan services help you handle these costs while you wait for your legal case to conclude.
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 California
LawsuitLoans.io provides funding throughout California. See more about our funding in California by visiting the city pages below:
Other Cases we Fund in California
LawsuitLoans.io provides funding for various personal injury and roadway accident cases in California. Read more about the personal injury cases we fund in California 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 California here: