Minnesota Motorcycle 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 Motorcycle Accident Lawsuit Loans in Minnesota
Motorcycle accident lawsuit loans are unique financial products designed for plaintiffs, or the persons who have filed a legal claim after an injury. They provide immediate funds to individuals who have been injured in a motorcycle accident in Minnesota and are waiting for their legal case to resolve.
Lawsuit loans aren’t like regular bank loans. They’re known as non-recourse advances. This means you only have to pay back the loan if your case wins. If your case doesn’t win, you owe nothing. The repayment comes directly from your future settlement, meaning you don’t need to worry about repayments if your case is still ongoing.
The major advantage of a motorcycle accident lawsuit loan is that it provides essential financial relief when you need it most. While you wait for your case to finalize, you have access to funds that can be used for medical bills, living expenses, and any other immediate needs.
In conclusion, motorcycle accident lawsuit loans in Minnesota are a risk-free, financial lifeline for plaintiffs injured in motorcycle accidents. By offering timely funds without the burden of a traditional loan, these advances give you the peace of mind needed to focus on healing and winning your 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 Minnesota
Car accident loans in Minnesota are like pre-settlement funding. These funds help victims of car accidents take care of their financial needs, from medical bills to day-to-day living, while they wait for their legal case to resolve. In the table below, we offer more detailed facts and figures about car accident loans in this state.
| Average car accident loan amount by LawsuitLoans.io in Minnesota | $3,686.25 |
| Largest car accident loan by LawsuitLoans.io in Minnesota | $12,000.00 |
| Average interest rate in Minnesota | 22.5% |
| Median personal injury verdict in Minnesota | $30,000.00 |
| Minnesota Statute of Limitations | 2 Years; Minnesota Statutes Sec. 541.07 |
| Minnesota Fault Laws | Minnesota 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 Motorcycle Accident Loan in Minnesota?
In order to know if you are eligible for a motorcycle accident lawsuit loan in Minnesota, there are certain requirements that you must meet. Notably, these requirements are relatively straightforward and simple to understand.
The first and foremost requirement is that you have a valid legal claim. This means that you are involved in a legal case where you are making a claim against an insurance company or self insured company due to involvement in a motorcycle accident.
The second requirement is having an attorney working for you on a contingency basis. A contingency basis means that the attorney gets paid only if the lawsuit is successful or settles. Therefore, your ongoing lawsuit must be represented by such an attorney.
Lastly, you must be at least 18 years old – which is the legal age of adulthood in most countries, including the United States. So, If you fulfill these three criteria of having a valid legal claim, having an attorney hired on a contingency basis and being at least 18 years old, then yes, you are indeed eligible for a motorcycle accident lawsuit loan in Minnesota.
Get up to $500,000 With Rates as Low as 2.5% Simple, Monthly
Types of Motorcycle Accident Claims in Minnesota
Motorcycle accidents can stem from a variety of situations, and the type of accident can sometimes impact the outcome of a legal claim. The most common motorcycle accidents include Single Bike Accidents, Head-On Collisions, and Left-Turn Accidents.
Single Bike Accidents are those where the motorcyclist loses control and crashes without another vehicle being directly involved. Factors such as road conditions or the bike’s mechanical issues can cause these accidents. Determining who is at fault can be complex in these situations, and successfully claiming compensation depends on how well the facts are presented and argued.
In Head-On Collisions, another car or truck hits the motorcycle from the front. Often, these types of accidents occur when the other vehicle is going the wrong way or drifting over the center line. These scenarios usually result in severe injuries or even death for the motorcyclist. In Minnesota, if the other driver is found to be negligent, they may be held accountable for the accident.
Left-Turn Accidents frequently occur when another vehicle attempts a left turn in front of the motorcyclist. Such incidents can happen due to insufficient gap in traffic, miscalculation of the motorcycle’s speed, or plain neglect of the motorcyclist’s right of way. Where the other party is proven to be at fault, they may be liable to pay for damages.
It is essential to know that Minnesota operates under a comparative fault law. This means if the court finds you partly responsible for your accident, they could reduce your compensation. For instance, if you’re found 20% at fault, your compensation might be reduced by that amount.
The above scenarios illustrate why it is key to partner with a good lawyer when filing a lawsuit in the wake of a motorcycle accident in Minnesota.
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Apply today and get funds in as little as 24 hours!
How Much Money Can I Get From my Motorcycle Accident Pre-settlement Loan?
At LawsuitLoans.io, we provide lawsuit loans that can range anywhere from $500 to more than $1,000,000. If your case is still in progress, we can advance up to a maximum of 25% of the expected portion of your settlement. However, if your case has already settled, we can offer you up to 50% of your expected portion of the settlement.
Let’s consider an example to clarify this further. Imagine you are a plaintiff in Minnesota dealing with a motorcycle accident case. The estimated value of this case stands at $350,000 and the case is yet to be settled. As a general rule of thumb, medical providers receive around one-third of the settlement and the attorney also gets a third. This leaves you, the plaintiff, with approximately $115,000.
In this scenario, we could advance approximately 25% of your portion, which would equate to around $29,000.
Roadway Accident Cases we Fund in Minnesota
At LawsuitLoans.io, we fund nearly any kind of roadway accident in Minnesota. If you are involved in one of these, take a look at our offerings below:
- Bicycle Accident Loans: We provide funding for lawsuits related to bicycle accidents. Whether you’re the cyclist or a pedestrian hit by a cyclist, we can help with your lawsuit costs.
- Car Accident Loans: When dealing with car accidents, legal expenses can pile up. We offer loans for this type of lawsuit to ease your financial worry.
- Commercial Vehicle Accident Loans: Commercial vehicle accidents can leave you with physical and financial stress. Our loans can provide a buffer while your case resolves.
- Government Vehicle Accident Loans: If you’re suing due to a government vehicle accident, we can fund your case to ensure you’re not overwhelmed by legal fees.
- Motorcycle Accident Loans: Being part of a motorcycle accident can lead to significant costs. Let us assist you with a loan to cover these expenses while your case is in progress.
- Pedestrian Accident Loans: Pedestrian accidents often result in major injuries and extensive legal fees. We offer loans to help you navigate this difficult time financially.
- Rideshare Accident Loans: If you’re involved in an accident while using a rideshare service, we can fund your lawsuit with a loan.
- Semi-Truck Accident Loans: Semi-truck accidents can lead to heartrending loss and high lawsuit costs. We provide loans to help alleviate financial pressure during these trying times.
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 Minnesota
LawsuitLoans.io provides funding throughout Minnesota. See more about our funding in Minnesota by visiting the city pages below:
Other Cases we Fund in Minnesota
LawsuitLoans.io provides funding for various personal injury and roadway accident cases in Minnesota. Read more about the personal injury cases we fund in Minnesota 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 Minnesota here: