Massachusetts 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 Massachusetts
When a person is injured as a pedestrian in a car accident, the financial burdens they face can be overwhelming. Medical bills accumulate quickly and time off work further adds to the strain. Pedestrian accident loans in Massachusetts aim to alleviate some of this burden. Also known as pre-settlement funding or lawsuit loans, they provide a financial lifeline for plaintiffs awaiting a car accident settlement.
Lawsuit loans work in a simple manner. They provide you with an advance on your future settlement money. In other words, it’s a portion of the results of your legal claim that’s advanced to you now, to help mitigate your financial worries while you wait for your case to be settled.
One of the notable features of pedestrian accident loans is they are non-recourse advances. This means if you don’t win your case, you owe nothing. The risk is solely on the lender.
So, to summarize, if you are involved in a pedestrian accident and have filed a lawsuit against the party at fault, you could be eligible for a car accident loan. It will provide immediate relief from the financial pressures brought on by your accident, and the best part, there’s no risk involved for you.
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 Massachusetts
In Massachusetts, LawsuitLoans.io is a reliable resource for car accident loans. We provide needed funding while your legal case is ongoing. Before checking the details mentioned in the table below, here’s a quick fact to remember—In Massachusetts, regardless of who caused the accident, your own insurance covers your losses as it is a “no-fault” state.
| Average car accident loan amount by LawsuitLoans.io in Massachusetts | $34,649.00 |
| Largest car accident loan by LawsuitLoans.io in Massachusetts | $134,795.00 |
| Average interest rate in Massachusetts | 18.5% |
| Median personal injury verdict in Massachusetts | $31,000.00 |
| Massachusetts statute of limitations | 3 years; Mass. Ann. Laws Ch. 260 Section 1 |
| Massachusetts fault laws | Massachusetts is a “no-fault” state, meaning your own insurance covers your losses regardless of who caused the accident. |
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 Massachusetts?
Many people wonder whether they qualify for pedestrian accident loans in Massachusetts. In this section, we’ll cover the primary eligibility criteria for obtaining such a loan.
The first primary qualifying factor is having a legitimate legal claim. This implies making a claim against either an insurance company or a self-insured entity due to injuries sustained from a pedestrian accident. If the accident was not your fault, there’s a high chance you have a valid claim.
The second essential criteria is the need for legal counsel hired on a contingency basis. Having an attorney increases the chances of your lawsuit succeeding. So if you have engaged an attorney to represent you under the agreement that they only get paid if they win your case, you are moving in the right direction.
The final criteria is age – all applicants must be at least 18 years old. This is a standard legal requirement, as minors cannot enter into binding contracts, which a loan agreement is.
Get up to $500,000 With Rates as Low as 2.5% Simple, Monthly
Types of Pedestrian Accident Claims in Massachusetts
Pedestrian accidents are sadly common and can happen in a variety of ways. They often involve motor vehicles, but can also occur due to poor property maintenance or unsafe public spaces. This section will detail a few examples of pedestrian accidents, explain how they occur, and discuss how Massachusetts fault laws could impact a plaintiff’s success in their lawsuit.
Vehicle-Related Pedestrian Accidents
These are the most common type of pedestrian accidents. Drivers failing to yield, distracted driving, speeding, or driving under the influence are common culprits. In such cases, motorists are usually found responsible. However, if the pedestrian was jaywalking or not following traffic rules, partial or total blame could fall on them.
Slip and Fall Accidents
These can occur due to uneven sidewalks, poorly lit paths, or icy conditions. Property owners may be held liable if they failed to maintain their premises safely.
Public Transportation Accidents
Buses, trams, and trains can also be involved in pedestrian accidents. If the accident occurred due to negligence on part of the driver or the organization, they can be held accountable.
In Massachusetts, a “modified comparative negligence” rule applies. This means that if the plaintiff is found to be more than 50% at fault for the accident, they cannot recover damages. Therefore, understanding and establishing fault is critical in pedestrian accident lawsuits.
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How Much Money Can I Get From my Pedestrian Accident Pre-settlement Loan?
Pre-settlement loans offered by LawsuitLoans.io can significantly vary in amount. Our loan amounts can range from as little as $500 to an impressive $1,000,000 and above. When your case is still underway, the most we can offer you is up to a quarter, or 25%, of what you’re expected to receive from your settlement.
In situations where a settlement has already been reached, that amount goes up significantly. We can then extend you an advance equal to half, or 50%, of your expected portion of the settlement.
For instance, let’s consider a plaintiff in Massachusetts involved in an ongoing pedestrian accident case. The estimated value of their case is $300,000, but it’s not yet settled. Typically, medical providers receive about one third of the settlement value, and the attorney takes another third. That would leave our plaintiff with roughly $100,000 from their settlement. In this scenario, LawsuitLoans.io could provide an advance of around 25% of that sum, which equates to $25,000.
Roadway Accident Cases we Fund in Massachusetts
At LawsuitLoans.io, we provide funding for almost any type of roadway accident in Massachusetts. Consider whether your case falls into any of the following categories:
- Bicycle Accident Loans: We provide loans to individuals involved in bicycle accidents that have resulted in injury.
- Car Accident Loans: Car accidents can carry heavy financial burdens. Our loans aim to lessen this strain while your case is being resolved.
- Commercial Vehicle Accident Loans: Injuries sustained from commercial vehicle accidents can have lasting impacts. Our loans can provide financial relief during this difficult time.
- Government Vehicle Accident Loans: Government vehicle accident cases can be complex. While your case is in-progress, our loans aim to alleviate financial stress.
- Motorcycle Accident Loans: We provide loans to plaintiffs dealing with injuries from motorcycle accidents.
- Pedestrian Accident Loans: Pedestrians involved in accidents may be faced with costly medical bills. Our loans aim to help cover these costs.
- Rideshare Accident Loans: If you’ve been injured in a rideshare accident, we provide loans that can relieve financial pressure during this challenging period.
- Semi-Truck Accident Loans: Semi-truck accidents can be devastating and costly. Our loans are designed to provide monetary aid during your case.
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 Massachusetts
LawsuitLoans.io provides funding throughout Massachusetts. See more about our funding in Massachusetts by visiting the city pages below:
Other Cases we Fund in Massachusetts
LawsuitLoans.io provides funding for various personal injury and roadway accident cases in Massachusetts. Read more about the personal injury cases we fund in Massachusetts 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 Massachusetts here: