Rhode Island 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 Rhode Island?
A bicycle accident lawsuit loan is a type of funding provided to plaintiffs who have been injured in bike accidents. The purpose of the loan is to offer financial support as they wait for their legal case to settle. It is important to understand that this is not a traditional loan, but a non-recourse cash advance that plaintiffs receive against their future settlement proceeds.
Bike accident loans in Rhode Island are straightforward in nature. If you are a plaintiff, you might apply for such a loan through a pre-settlement funding company like LawsuitLoans.io. The funding company reviews your case and determines the potential value of your settlement. Following that, the lender can extend a cash advance based on this projected settlement. If your case wins, you’ll repay the advance from the settlement amount. However, if the case loses, remember that these advances are non-recourse. This means you don’t have to pay back anything.
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 Rhode Island
Car accident loans in Rhode Island are a helpful resource for plaintiffs waiting for the resolution of their personal injury claims. These provide immediate financial relief, enabling victims to manage their living and medical expenses while they await the settlement of their legal cases. Below, we’ve outlined some important details pertaining to car accident loans in Rhode Island.
| Average car accident loan amount by LawsuitLoans.io in Rhode Island | $2,645.00 |
| Largest car accident loan by LawsuitLoans.io in Rhode Island | $8,340.00 |
| Average interest rate in Rhode Island | 21.3% |
| Median personal injury verdict in Rhode Island | $20,906.00 |
| Rhode Island statute of limitations | 3 Years; Title 9 Ch. 1 Section 9-1-14 |
| Rhode Island fault laws | Rhode Island 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.
Get up to $500,000 With Rates as Low as 2.5% Simple, Monthly
Am I Eligible for a Bicycle Accident Loan in Rhode Island?
If you’ve been involved in a bike accident and are considering a lawsuit loan, there are certain eligibility requirements you must meet. These lawsuit loans are not provided based just on your need, but on the merits of your legal claim.
The main criteria for eligibility are:
- A valid legal claim against an insurance company or a self-insured entity.
- Having an attorney who will work on a contingency basis. This means the lawyer will only collect fees if your case is won.
- Being at least 18 years old.
LawsuitLoans.io offers bicycle accident loans in Rhode Island to eligible applicants. If you meet these criteria, you may be able to receive funding while you fight for the justice you deserve.
Types of Bike Accident Claims in Rhode Island
Bike accidents in Rhode Island can take different forms. These incidents often result from a variety of factors and can lead to legal claims such as:
- Hit-and-run accidents: This occurs when a motorist strikes a cyclist and flees the scene without stopping or rendering aid.
- Collision with parked cars: This happens when a bicycle rider accidentally collides with an improperly parked vehicle.
- Intersection accidents: These usually occur when drivers fail to yield the right of way to cyclists at intersections.
Fault laws in Rhode Island are quite critical in bike accident claims. The state operates under a “comparative fault” system. This means that if a cyclist is partly to blame for an accident, their claim could be reduced proportionally. For instance, if a court finds a plaintiff 20% responsible for a crash, their damage award may be cut down by that amount.
Being aware of these facts could influence the plaintiff’s chances of success in a lawsuit following a bike accident. It allows them to evaluate the circumstances of their accident, understand potential outcomes, and effectively plan their case. Remember that LawsuitLoans.io offers funding to plaintiffs waiting for their legal cases to be resolved.
You can reach LawsuitLoans.io through their website or by calling their toll-free number (800) 340-4973. You can also apply for funding through LawsuitLoans.io funding application.
Get Started
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. For settled cases, we can offer 50% of your expected portion of the settlement.
Let’s use an example of a Rhode Island plaintiff in a bike accident case with a $750,000 estimated value. The case is still in progress and it will not be settled for some time. Usually, medical providers may get about 1/3 of the settlement and the attorney may get another 1/3. As a result, the plaintiff might receive $250,000. In such cases, we can advance around 25% of that amount, or about $62,500.
Roadway Accident Cases we Fund in Rhode Island
At Lawsuitloans.io, we fund almost any type of roadway accident in Rhode Island. Here are some common types of cases we deal with:
- Bicycle Accident Loans: If you’re a cyclist and have been injured in a road accident, our funding solutions can help cover your ongoing expenses.
- Car Accident Loans: Our pre-settlement funding can assist you if you’re facing financial hardship due to a car accident.
- Commercial Vehicle Accident Loans: Injured in an accident involving a commercial vehicle? Our loans can help ease your financial burden while you wait for your legal case to resolve.
- Government Vehicle Accident Loans: Legal processes involving government vehicles can take time. Our financing options can provide you with the money you need in the interim.
- Motorcycle Accident Loans: If you’re a motorcyclist dealing with the aftermath of an accident, our funds can help you get by until your lawsuit concludes.
- Pedestrian Accident Loans: As a pedestrian hit by a vehicle, you can leverage our funding solutions while pursuing your legal claim.
- Rideshare Accident Loans: If you’ve been involved in a rideshare accident, our pre-settlement funding can provide financial relief as your case proceeds.
- Semi-Truck Accident Loans: Have you been in a semi-truck accident? We cover this too. Our financial aid can help support you during this difficult phase.
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 Rhode Island
LawsuitLoans.io provides funding throughout Rhode Island. See more about our funding in Rhode Island by visiting the city pages below:
Other Cases we Fund in Rhode Island
LawsuitLoans.io provides funding for various personal injury and roadway accident cases in Rhode Island. Read more about the personal injury cases we fund in Rhode Island 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 Rhode Island here: