Iowa 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 Iowa
Pedestrian accident loans in Iowa, also known as pre-settlement funding, are a unique form of financial aid for people who’ve been injured in pedestrian accidents. These individuals, referred to as plaintiffs, often find themselves in financial straits due to mounting medical bills and the inability to work.
This is where pedestrian accident loans step in. They provide plaintiffs with an advance on their future car accident settlement. It’s important to understand that this is not a traditional loan but a non-recourse cash advance. What does that mean? Well, non-recourse means that if the plaintiff doesn’t win their case or settle, they are not obligated to pay back the cash advance.
So, how does it work? Once a lawyer files a personal injury claim on behalf of an injured pedestrian, the plaintiff can apply for this kind of funding. The assigned case gets judged on its merits by the funding company; if it seems like a winning case, the company provides funds upfront to the plaintiff. These funds are repaid from the settlement received at the conclusion of the lawsuit. If there is no settlement, the funds do not need to be repaid.
In this way, pedestrian accident loans help victims sustain themselves financially while they wait for court proceedings and try to recover from their injuries.
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 Iowa
If you’ve been involved in a car accident in Iowa, you might be facing unexpected medical bills, loss of income, and other financial burdens while waiting for your legal claim to resolve. Car accident loans provide an immediate financial cushion to tide you over till your case is settled.
In Iowa, the terms of car accident loans can vary. Read this table carefully to get important information on average loan amounts, interest rates, and legal requirements in Iowa.
| Average car accident loan amount by LawsuitLoans.io in Iowa | $17,308.60 |
| Largest car accident loan by LawsuitLoans.io in Iowa | $76,993.00 |
| Average interest rate in Iowa | 21.5% |
| Median personal injury verdict in Iowa | $36,513.00 |
| Iowa statute of limitations | 2 years; Iowa Code Ann. Section 614.1 |
| Iowa fault laws | Iowa 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 Iowa?
If you’re a pedestrian who was recently involved in an accident in Iowa, you might be wondering if you qualify for a lawsuit loan. These funds are crucial for easing your financial burden while waiting for your legal case to resolve. But how do you know if you are eligible? Let’s outline the primary criteria.
Firstly, you should have a valid legal claim against an insurance company or a self-insured company. This means if you were harmed due to someone else’s negligence, and they are insured, you likely meet this criterion.
Secondly, you need to have an attorney hired on a contingency basis. In simple terms, a lawyer working on a contingency basis gets paid only if you win your case or secure a settlement.
Last, but not least, you should be at least 18 years old. As a legal adult, you have a right to take part in contracts, including those regarding lawsuit loans.
If you meet these three main requirements, you are probably eligible for a pedestrain accident loan in Iowa. However, each case is unique, so it’s always in your best interest to get in touch with a pre-settlement funding expert to discuss your case specifics.
Get up to $500,000 With Rates as Low as 2.5% Simple, Monthly
Types of Pedestrian Accident Claims in Iowa
In Iowa, collisions and other incidents involving pedestrians lead to various types of legal claims. These can often involve complex rules about rights, responsibilities, and the assignment of fault. Understanding the different types of accident claims is an essential first step for any pedestrian impacted by a motor vehicle or another party’s negligence.
An example of a common pedestrian accident is when a car hits an individual while they’re crossing the street. This usually happens due to distracted, negligent, or reckless driving. Another prevalent type of incident occurs when cyclists do not follow the rules, causing an accident with a pedestrian. Slips and falls due to poor pavement maintenance could also become a subject of a legal lawsuit.
Iowa operates under comparative negligence laws. What does this mean for your claim? If you, as a pedestrian, are found partly at fault for the accident, it may reduce the amount of compensation you can receive. For instance, if you were crossing against a light or outside of a crosswalk, your responsibility could be assessed. In these situations, your claim might be less successful.
It’s crucial to understand how these factors affect your potential lawsuit. Consulting a legal professional and obtaining support from LawsuitLoans.io can provide vital assistance while your case progresses.
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How Much Money Can I Get From my Pedestrian Accident Pre-settlement Loan?
Lawsuit loans from LawsuitLoans.io can range from $500 to over $1,000,000. We have the ability to advance up to a maximum of 25% of your expected settlement while your case is still in progress. For cases that are already settled, we can offer you half of your predicted settlement.
Let us consider a scenario with a plaintiff involved in a pedestrian accident case in Iowa. The estimated value of this case is $300,000. The case won’t settle for some time. Here, medical providers typically receive about one-third of the settlement. The attorney would also get roughly a third of the settlement. This leaves the plaintiff with an expected portion of around $100,000. In this instance, we could advance approximately 25%, or $25,000, of that amount.
Roadway Accident Cases we Fund in Iowa
We understand that roadway accidents can lead to substantial setbacks. LawsuitLoans.io offers funding options for almost any type of roadway accident in Iowa. Here is a list of some specific cases we fund:
- Bicycle Accident Loans – Loans for bicycle injury lawsuits to help you cover medical bills and other costs while your case settles.
- Car Accident Loans – Pre-settlement funding for victims of car accidents, providing financial security as you await the conclusion of your legal case.
- Commercial Vehicle Accident Loans – Funding for cases involving accidents with commercial vehicles like vans, trucks, and company cars.
- Government Vehicle Accident Loans – Lawsuit loans for victims of accidents involving government vehicles.
- Motorcycle Accident Loans – We offer lawsuit funding for motorcycle wreck cases to keep you financially stable while your claim resolves.
- Pedestrian Accident Loans – Financial assistance for pedestrians injured in accidents.
- Rideshare Accident Loans – Pre-settlement funding for victims of accidents involving rideshare companies.
- Semi-Truck Accident Loans – Financial help for individuals involved in semi-truck accidents waiting for their lawsuit to settle.
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 Iowa
LawsuitLoans.io provides funding throughout Iowa. See more about our funding in Iowa by visiting the city pages below:
Other Cases we Fund in Iowa
LawsuitLoans.io provides funding for various personal injury and roadway accident cases in Iowa. Read more about the personal injury cases we fund in Iowa 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 Iowa here: