Arizona 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 Arizona?
A motorcycle accident lawsuit loan is a non-recourse advance provided to plaintiffs who have been injured in a motorcycle accident. Non-recourse refers to the type of loan wherein if the plaintiff does not win the case, there is no obligation to pay back the funds.
It’s common knowledge that lawsuits can take a long time to resolve, often leaving plaintiffs struggling financially in the meantime. Motorcycle accident lawsuit loans are a lifeline, presenting a solution for immediate funding needs while waiting for the settlement.
The key factor here is that the loan is repaid from the settlement amount if the lawsuit is successful. Consider it as an advance on your future settlement. It provides plaintiffs the option to cover medical bills, lost wages and other costs related to the accident without worrying about repayment until the case closure.
In Arizona, these types of loans are common due to the frequency of motorcycle accidents. These loans help plaintiffs manage their financial needs during the legal proceeding period which can be stressful and drawn out.
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 Arizona
This section delves into specific details about car accident loans in Arizona. Such loans often act as a financial lifesaver for many plaintiffs awaiting case resolutions. The table below outlines the key metrics associated with car accident loans provided by LawsuitLoans.io in Arizona:
| Average car accident loan amount by LawsuitLoans.io in Arizona | $25,290.00 |
| Largest car accident loan by LawsuitLoans.io in Arizona | $44,940.00 |
| Average interest rate in Arizona | 18.1% |
| Median personal injury verdict in Arizona | $5,000 to $80,000 |
| Arizona statute of limitations | 2 Years; Arizona Revised Statutes Section 12-542 |
| Arizona fault laws | Arizona 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 Motorcycle Accident Loan in Arizona?
Before you apply for a motorcycle accident loan in Arizona, it’s important to understand the eligibility criteria. The first and foremost requirement is that you must have a valid legal claim against an insurance company or a self-insured company. The basis of this legal claim can be a personal injury or any other legal dispute arising from the motorcycle accident.
In addition, your attorney should be working on a contingency basis. This means that your attorney only gets paid if they win the case or secure a settlement for you. It is vital to confirm this before applying for lawsuit funding.
Moreover, you have to be at least 18 years old to be eligible for a motorcycle accident loan. If you meet these criteria, you are potentially qualified to apply for a loan from LawsuitLoans.io. For further details, you can directly contact us on our toll-free number (800) 340-4973 or fill out our application located at LawsuitLoans.io funding application.
Get up to $500,000 With Rates as Low as 2.5% Simple, Monthly
Types of Motorcycle Accident Claims in Arizona
The open road can bring joy to many motorcyclists, but it may also present risks that lead to accidents. Among these accidents, several types stand out due to their frequency and potential for causing harm. Understanding the circumstances behind these incidents is crucial if you’re considering a lawsuit. This information, coupled with Arizona’s specific fault laws, could make a significant difference in your case.
Head-On Collisions
A common type of motorcycle accident is the head-on collision. This occurs when another vehicle collides with the motorcyclist from the front. Often caused by distracted driving, impaired driving, or failure to follow traffic laws, these accidents can be severe.
Left-Turn Accidents
Another frequent type of accident is when a car making a left turn collides with a motorcycle going straight through an intersection. Factors such as poor visibility, misjudging speed, or even negligence can contribute to these incidents.
Speeding and Alcohol Use
Speeding and alcohol use are also big contributors to motorcycle accidents. These reckless actions not only endanger bikers but other road users too.
Arizona’s Fault Laws and Their Impact
As for Arizona’s laws, the state follows a ‘fault’ system for motor vehicle accidents, including motorcycles. This means, in a lawsuit, the party at fault for causing the accident will be held financially responsible. If you’re a plaintiff, your accident’s circumstances and how they align with these fault laws significantly influence the potential success of your claim depending on who was deemed at fault.
Consulting an expert, like those at LawsuitLoans.io, can deny or validate your eligibility for a loan based on the specifics of your case. By understanding these types of accidents and Arizona’s fault laws, you set yourself on the right path towards obtaining the funds you need while waiting for your case to resolve.
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How Much Money Can I Get From my Motorcycle Accident Pre-settlement Loan?
Lawsuit loans from LawsuitLoans.io can range anywhere from $500 to over $1,000,000. The amount we advance depends on the status and potential value of your case. If your case is still ongoing, we can provide up to 25% of your expected portion of the settlement. For cases that are already settled, we can offer even more – up to 50% of your share of the settlement.
Here’s a practical example: consider a motorcycle accident case in Arizona. The projected value of the case is $350,000, but it won’t settle for some time. As a general rule, medical providers are paid roughly 1/3 of the settlement and the attorney receives another 1/3. This would leave approximately $115,000 for the plaintiff. In such a scenario, LawsuitLoans.io could advance around 25% of that amount or roughly $29,000.
Roadway Accident Cases we Fund in Arizona
At LawsuitLoans.io, we can provide funding for almost any type of roadway accident case in Arizona. Here are a few examples:
- Bicycle Accident Loans: We provide loans for cases involving bicycle accidents.
- Car Accident Loans: Our company provides funds for car accident cases.
- Commercial Vehicle Accident Loans: If you were involved in a commercial vehicle accident, we can help with financial support.
- Government Vehicle Accident Loans: We also fund cases that involve accidents with government vehicles.
- Motorcycle Accident Loans: If you have a pending motorcycle accident case, we can provide pre-settlement funding.
- Pedestrian Accident Loans: We offer loans for pedestrian accident cases.
- Rideshare Accident Loans: If you’ve been in an accident in a rideshare vehicle, we can help with advance funding.
- Semi-Truck Accident Loans: We also provide loans for semi-truck accident cases.
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.
Other Cases we Fund in Arizona
LawsuitLoans.io provides funding for various personal injury and roadway accident cases in Arizona. Read more about the personal injury cases we fund in Arizona 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 Arizona here:
Get up to $500,000 With Rates as Low as 2.5% Simple, Monthly
Does LawsuitLoans.io Directly Fund Cases in Arizona?
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 Arizona.