Texas 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 Texas
A bicycle accident lawsuit loan is a form of financial help for those who have been injured in a bicycle accident. It’s essentially an advance on the potential settlement that you might receive from your lawsuit. It helps the plaintiff (the person who was hurt) manage their daily life expenses while they wait for their case to be resolved.
The great advantage of bicycle accident lawsuit loans is that they are a non-recourse type of funding. This means if you, as a plaintiff, do not win your case, you are not required to pay back the fund you received. Hence, bicycle accident lawsuit loans are sometimes referred to as a risk-free financial support option for plaintiffs recovering from bike accidents. They provide you with the breathing room you need while you concentrate on recuperating and fighting your legal battle.
If you’ve been injured in a bike accident in Texas, and pending lawsuit is causing financial strain, a lawsuit loan may be a viable solution for you. Provided by specialized companies like LawsuitLoans.io, they can ease your burden and allow you to focus on your recovery and 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 Texas
In Texas, car accident loans are a financial resource for plaintiffs who have personal injury claims due to motor vehicle mishaps. This kind of funding helps victims manage their expenses while waiting for their legal case to conclude. The following table represents some statistics pertinent to car accident loans in Texas.
| Average car accident loan amount by LawsuitLoans.io in Texas | $9,400.29 |
| Largest car accident loan by LawsuitLoans.io in Texas | $100,500.00 |
| Average interest rate in Texas | 21.3% |
| Median personal injury verdict in Texas | $12,281.00 |
| Texas statute of limitations | 2 Years; Civ. Prac. & Rem Code Title 2 Ch. 16 Section 16.003 |
| Texas fault laws | Texas 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 Texas?
If you’ve been involved in a bicycle accident in Texas and have filed a lawsuit, you may be wondering if you’re eligible for a Bicycle Accident Lawsuit Loan. The process is not as complicated as it may seem at first. The main eligibility criteria are relatively straightforward.
Firstly, you need to have a valid legal claim against an insurance company or self-insured party. This implies that your bike accident was not your fault and that there’s a clear party responsible for the damages you sustained.
The second requirement is that you must have already hired an attorney to represent your case on a contingency basis. This means your attorney only gets paid if you win your suit. It also shows the lawsuit funding company that your case is strong enough that a lawyer is willing to handle it on this ‘no win, no pay’ basis.
Lastly, you must be of legal adult age, which in Texas, is 18 years old. This is a common criteria for any form of legal agreement or contract, including lawsuit loans.
Types of Bike Accident Claims in Texas
Many types of bike accidents occur in Texas, each one unique and potentially dangerous. The cause of these accidents can affect the success of a lawsuit.
For instance, take ‘doorings.’ This happens when a vehicle’s door suddenly opens in a biker’s path. Abrupt stops can throw cyclists off their bikes leaving them injured.
Another type is the ‘right hook.’ Here, a vehicle turns right directly in front of a cyclist who cannot stop in time to avoid collision.
‘Left cross’ accidents are also common. In these cases, a vehicle turning left cuts directly into a bicyclist’s path, causing an accident.
The last example we’ll look at is the ‘hit and run.’ This, unfortunately, occurs when a criminally neglectful driver hits a cyclist and then flees the scene.
In Texas, one important detail to note with these accidents is the fault law. For a successful lawsuit, you must be able to prove the other party was more at fault for the accident. If you’re found to be 51% or more at fault, you can’t recover damages in Texas. So, each accident circumstance will significantly impact the lawsuit.
Knowing the details about your accident can help. These insights could potentially increase your chances of getting settlement funds from LawsuitLoans.io.
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 to over $1,000,000. If your case is ongoing, we can advance up to a maximum of 25% of your expected share of the settlement. For cases that have already been settled, we can offer up to 50% of your anticipated share of the settlement.
For example, consider a plaintiff in Texas who is involved in a bike accident case with an estimated value of $750,000. The case is still in progress and is not expected to settle for some time. Medical service providers usually get paid around 1/3 of the settlement and the lawyer also receives about 1/3 of the settlement. As a result, the plaintiff would receive approximately $250,000. We can advance about 25% of this amount, which comes out to be $52,500.
Roadway Accident Cases we Fund in Texas
At LawsuitLoans.io, we provide lawsuit funding for almost any type of roadway accident happening in Texas. Here are some of the cases we fund:
- Bicycle Accident Loans: We fund cases relating to bicycle accidents where the cyclist is not at fault.
- Car Accident Loans: Our loans cover lawsuits involving car accidents caused by another party’s negligence.
- Commercial Vehicle Accident Loans: We assist plaintiffs in cases involving commercial vehicle accidents.
- Government Vehicle Accident Loans: Legal battles with government entities can be lengthy. Our loans can help you manage finances during this process.
- Motorcycle Accident Loans: We provide financing for motorcycle accident cases where the rider is not at fault.
- Pedestrian Accident Loans: For cases where a pedestrian has been injured due to someone else’s negligence.
- Rideshare Accident Loans: We fund lawsuits arising from accidents involving rideshare services like Uber and Lyft.
- Semi-Truck Accident Loans: We provide funding for claims against reckless semi-truck drivers or the company they work for.
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 Texas
LawsuitLoans.io provides funding throughout Texas. See more about our funding in Texas by visiting the city pages below:
Other Cases we Fund in Texas
LawsuitLoans.io provides funding for various personal injury and roadway accident cases in Texas. Read more about the personal injury cases we fund in Texas 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 Texas here: