Maine 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 Maine
A bicycle accident lawsuit loan is a financial resource that helps plaintiffs meet their immediate needs. This loan becomes a lifeline for those injured in a bicycle accident, bridging the gap between filing a personal injury lawsuit and receiving the eventual settlement. If you are a plaintiff in a bicycle accident case in Maine, this loan works to your advantage.
As these loans are non-recourse, they offer an additional layer of financial security. In simpler terms, if you lose your case, you won’t need to pay back the funds advanced. Instead, the risk is solely on the lending firm. You only settle the repayment when you win your lawsuit and secure a monetary settlement or judgment.
The unique factor here is you don’t repay anything if you lose your case. So your risk is limited. This kind of structure makes bicycle accident lawsuit loans a wise and cautious funding solution during a difficult time.”
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 Maine
When dealing with car accidents and ensuing legal cases in Maine, a common method of funding for plaintiffs is car accident loans. To give you an idea about the status of these loans in Maine, here’s a table filled with key information. However, be reminded that specific data related to LawsuitLoans.io may not yet be available.
| Average car accident loan amount by LawsuitLoans.io in Maine | Not enough data available |
| Largest car accident loan by LawsuitLoans.io in Maine | Not enough data available |
| Average interest rate in Maine | Not enough data available |
| Median personal injury verdict in Maine | $27,000 to $113,500 |
| Maine statute of limitations | 6 years; Maine Revised Statute Title 14 Section 751 |
| Maine fault laws | Maine 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 Maine?
In order to qualify for a bike accident lawsuit loan in Maine, there are some key eligibility criteria that you need to meet. The first and foremost requirement is that you must have a valid legal claim against an insurance company or a self-insured entity. This demonstrates that you have a reasonable chance of winning your case, which is essential for securing a lawsuit loan.
You also need to have an attorney who is working on your case on a contingency basis. This means your attorney believes in your case and is willing to get paid only when you win your lawsuit. Having such an attorney not only boosts your chances of securing lawsuit funding but also shows that your claim has solid grounds in the eyes of the law.
Finally, you must be at least 18 years old to apply for a lawsuit loan as per standard legal norms. This ensures that you are competent to enter into a legal agreement with LawsuitLoans.io or any other lawsuit funding company.
Get up to $500,000 With Rates as Low as 2.5% Simple, Monthly
Types of Bike Accident Claims in Maine
In Maine, bike accidents can happen in many ways. Here are few common types:
- Collision with a vehicle: This is when a cyclist and a vehicle collide. It can happen if a car driver fails to give way to a cyclist or if the cyclist ignores traffic rules.
- Dooring accident: Happens when a motorist opens their car door without checking for cyclists. The cyclist, unable to stop in time, ends up colliding with the open door.
- Right-turn accidents: These occur when a cyclist going straight intersects with a vehicle making a right turn.
- Hit-and-run: This kind of accident occurs when a motor vehicle hits a cyclist and then leaves the scene without stopping.
Maine follows the rule of comparative negligence. In comparative negligence, both parties in an accident can be found partially at fault. This means a cyclist’s compensation may be reduced by the percentage they are found at fault. Therefore, the circumstances of the accident are extremely important when filing a lawsuit. It’s critical to collect as much evidence as possible to prove that the fault lies mainly with the other party involved in your bike accident.
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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?
At LawsuitLoans.io, the amount of money you can receive from your pre-settlement loan can vary. Our lawsuit loans generally range between $500 up to over $1,000,000. This amount is dependent on several factors, one of which is the status of your case.
If your case is still ongoing, we can advance a maximum of 25% of your projected share of the settlement. For cases that have already settled, we are able to provide advances equating to 50% of your anticipated share of the settlement.
To illustrate this, let’s look at an example involving a plaintiff from Maine involved in a bike accident case. This case has an estimated value of $750,000, but it’s still in progress and will not settle for some time. As a general rule of thumb, medical providers would likely receive around 1/3 of the settlement, the attorney would also get another 1/3 of the settlement. Consequently, the plaintiff could expect to receive around $250,000. In this case, we could advance approximately 25% of that amount, or $52,500.
Roadway Accident Cases we Fund in Maine
At LawsuitLoans.io, we fund almost any type of roadway accident in Maine. Here is a list of some specific cases we support:
- Bicycle Accident Loans– These loans are to assist individuals who have suffered injuries as a result of a bicycle accident.
- Car Accident Loans– Financial help for people who are waiting for the settlement of their car accident lawsuit.
- Commercial Vehicle Accident Loans– We provide funds to victims who were involved in accidents with commercial vehicles.
- Government Vehicle Accident Loans– If you were injured by a Government vehicle, LawsuitLoans.io can provide you with timely financial assistance.
- Motorcycle Accident Loans– These loans are designed for motorcycle accident victims awaiting their case settlement.
- Pedestrian Accident Loans– If you were injured as a pedestrian, these loans can support you financially during the legal process.
- Rideshare Accident Loans– These funding solutions are available for victims involved in rideshare accidents.
- Semi-Truck Accident Loans– If you are facing a lawsuit due to a semi-truck accident, LawsuitLoans.io can provide monetary assistance.
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 Maine
LawsuitLoans.io provides funding throughout Maine. See more about our funding in Maine by visiting the city pages below:
Other Cases we Fund in Maine
LawsuitLoans.io provides funding for various personal injury and roadway accident cases in Maine. Read more about the personal injury cases we fund in Maine 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 Maine here:
Get up to $500,000 With Rates as Low as 2.5% Simple, Monthly
Does LawsuitLoans.io Directly Fund Cases in Maine?
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 Maine.