Alabama Pedestrian 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 Pedestrian Accident Loans in Alabama
If you’ve been involved in a pedestrian accident in Alabama, you may find yourself dealing with costly medical bills, lost wages from the inability to work, and other financial hardships. While awaiting your legal case to resolve, you may need financial assistance. That’s where pedestrian accident loans come in. They are pre-settlement funding provided by LawsuitLoans.io to help you meet your immediate financial needs.
Pedestrian accident loans, sometimes referred to as car accident loans, are essentially non-recourse advances on your future accident settlement. This means, if you are a plaintiff in a personal injury or legal claim involving a pedestrian accident, you are eligible to receive an advance on your potential future settlement from LawsuitLoans.io. This type of loan is categorized as “non-recourse” because you only have to pay back the money if you win your case. If you lose your case, you don’t owe anything back.
This form of financial aid helps to alleviate the immediate financial pressure the injured party may be experiencing. This provides plaintiffs the necessary time to work with their attorneys to secure the best possible settlement without being forced to accept low-ball offers due to financial pressure.
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 Alabama
In Alabama, LawsuitLoans.io offers car accident loans to individuals involved in legal claims. These funds help ease financial burdens while the legal process unfolds. Here are some key statistics about our car accident loans in Alabama:
| Average car accident loan amount by LawsuitLoans.io in Alabama | $16,934.65 |
| Largest car accident loan by LawsuitLoans.io in Alabama | $59,145.00 |
| Average interest rate in Alabama | 19.2% |
| Median personal injury verdict in Alabama | $309,062.00 |
| Alabama statute of limitations | 2 Years; Code of Alabama Section 6-2-30 |
| Alabama fault laws | Alabama 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 Pedestrian Accident Loan in Alabama?
If you’re involved in a pedestrian accident in Alabama and have filed a lawsuit, you might be wondering about lawsuit loans. These loans provide financial help while you wait for your case to resolve. But, are you eligible?
The main eligibility criteria for a pedestrian accident lawsuit loan are:
- Having a valid legal claim against an insurance company or a self-insured company.
- Having an attorney working on your case on contingency, meaning they get paid only if you win your case.
- Being at least 18 years old.
These are the main factors that LawsuitLoans.io uses to determine your eligibility for a lawsuit loan. If you meet these criteria, you could qualify for financial assistance while you wait for your court case.
Get up to $500,000 With Rates as Low as 2.5% Simple, Monthly
Types of Pedestrian Accident Claims in Alabama
Many pedestrian accidents occur every year. In some cases, these mishaps can lead to significant injuries or even death. Understanding the types of pedestrian accident claims can provide helpful insight for Alabama residents.
The first common type of accident is when a pedestrian is struck by a car. This can happen when a driver is not paying attention, is speeding, or fails to yield right-of-way at crosswalks. Another common type is when a pedestrian falls due to unsafe conditions such as broken sidewalks or potholes that have not been addressed by property owners.
In Alabama, there are fault laws that could impact a plaintiff’s chance of success in their lawsuit. According to these laws, pedestrians must not have played a role in causing the accident. If the pedestrian is found to be partially at fault, it may reduce the amount they can receive in compensation.
In conclusion, there are several types of pedestrian accidents. These can vary from being hit by a car to falling due to unsafe conditions. Knowing how these happen and understanding the laws in Alabama can play a key role in the success of a lawsuit.
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Apply today and get funds in as little as 24 hours!
How Much Money Can I Get From my Pedestrian 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.
For example, imagine a plaintiff in Alabama who has a pedestrian accident case with an estimated value of $300,000. The case is still in progress and will not settle for some time. As a general rule of thumb, medical providers get paid around 1/3 of the settlement, the attorney gets another 1/3 of the settlement and as a result, the plaintiff would receive around $100,000. In such a situation, we can advance approximately 25% of that amount, or $25,000.
Roadway Accident Cases we Fund in Alabama
At LawsuitLoans.io, we fund almost any type of roadway accident in Alabama. Here are the common accident cases we cater to:
- Bicycle Accident Loans: We provide funding for bicycle accident cases in Alabama.
- Car Accident Loans: If you’re facing financial hurdles due to a car accident, our loans can help.
- Commercial Vehicle Accident Loans: We fund commercial vehicle accident cases ensuring your needs are met.
- Government Vehicle Accident Loans: Experiencing hardships from a government vehicle accident? We can offer financial support.
- Motorcycle Accident Loans: We extend lawsuit loans to plaintiffs involved in motorcycle accidents.
- Pedestrian Accident Loans: For those injured as pedestrians, we have loan options.
- Rideshare Accident Loans: If you’ve been involved in a rideshare accident, we’re here to help.
- Semi-Truck Accident Loans: For victims of semi-truck accidents, we provide loan services tailored to your needs.
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 Alabama
LawsuitLoans.io provides funding throughout Alabama. See more about our funding in Alabama by visiting the city pages below:
Other Cases we Fund in Alabama
LawsuitLoans.io provides funding for various personal injury and roadway accident cases in Alabama. Read more about the personal injury cases we fund in Alabama 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 Alabama here:
Get up to $500,000 With Rates as Low as 2.5% Simple, Monthly
Does LawsuitLoans.io Directly Fund Cases in Alabama?
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 Alabama.