Michigan 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 Michigan?
A bicycle accident lawsuit loan is a form of monetary aid provided to help plaintiffs who have suffered from a bike accident. This type of loan is designed for those who are amidst legal proceedings and awaiting their settlement resolution. In essence, it is an advance on your future bicycle accident settlement.
After suffering an accident, plaintiffs often face an array of financial pressures. Between medical bills and loss of income, the aftermath can strain any budget. Here is where a bicycle accident lawsuit loan comes into play. These loans play a pivotal role in alleviating financial stress, enabling the plaintiff to stay afloat financially during the continuous tug-of-war of a lawsuit.
Another crucial aspect of these loans is their non-recourse nature. This means if you do not win your case, you don’t owe anything back. So, basically, a bike accident loan transfers the risk from the plaintiff to the lender. It’s a risk-free financial buffer that adds survivability while you fight for fair compensation.
To apply for a bicycle accident lawsuit loan in Michigan, go to LawsuitLoans.io funding application or reach out via the toll free phone number (800) 340-4973.
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 Michigan
If you’re involved in a car accident in Michigan, you might be waiting for a legal settlement. This wait can be long, even years. During this time, bills and living expenses pile up. You could need help to survive financially. This is where car accident loans come in. They provide financial relief while you wait for a settlement. Here is some key data on car accident loans in Michigan:
| Average car accident loan amount by LawsuitLoans.io in Michigan | $14,827.50 |
| Largest car accident loan by LawsuitLoans.io in Michigan | $100,700.00 |
| Average interest rate in Michigan | 21.0% |
| Median personal injury verdict in Michigan | $99,506.00 |
| Michigan statute of limitations | 3 Years; Michigan Comp. Laws Section 600.5801 |
| Michigan fault laws | Michigan 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 Bicycle Accident Loan in Michigan?
If you’ve been involved in a bike accident in Michigan and are now pursuing a legal claim, you might be wondering if you’re eligible for a lawsuit loan. Fortunately, the pre-settlement funding offered by LawsuitLoans.io is accessible to many plaintiffs in your situation.
There are three primary eligibility criteria for these loans. First and foremost, you must have a valid legal claim. This means that you’re currently in the process of making a case against an insurance company or a self-insured company following your bike accident.
Secondly, you need to have hired an attorney to handle your case on a contingency basis. In other words, your attorney should be paid his or her fees only if and when you receive compensation from your case.
Last but not least, you must be at least 18 years old. These criteria are designed to ensure that we are able to provide support to those who genuinely need it while they wait for their legal case to resolve.
To find out more about how we can help you while you wait for your settlement, contact us at our toll-free number (800) 340-4973. You can also fill out our funding application on the LawsuitLoans.io funding application page.
Get up to $500,000 With Rates as Low as 2.5% Simple, Monthly
Types of Bike Accident Claims in Michigan
When it comes to bike accidents, various scenarios can lead to serious injuries and legal claims. Understanding these types of incidents and how they relate to Michigan’s laws is crucial to your claim’s success.
Hit-and-Run Incidents
In hit-and-run cases, a motor vehicle strikes a cyclist and leaves the scene. These incidents often result in severe injuries for the cyclist. Identifying the driver can be challenging, but successful identification may lead to a viable claim.
Door Accidents
Door accidents occur when a parked vehicle’s door opens into a cyclist’s path, causing collision. Often, the individual who opened the door is at fault in these incidents.
Side Swiping
When a vehicle attempts to overtake a bicycle and misjudges the necessary space, causing collision, this is known as side swiping. Typically, the driver of the vehicle is held responsible in these cases.
Intersections
Intersections are common locations for bike accidents, with vehicles failing to yield to cyclists having the right-of-way. Depending on the specific circumstances, both parties could be found partly at fault.
In all these cases, Michigan’s comparative fault law could play a significant role in the outcome of your legal claim. Under this rule, your compensation may reduce if you’re found partially responsible for the accident. So, understanding the nuances of these accidents and your rights under Michigan law is essential for a successful claim.
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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 still in progress, we can provide you with up to 25% of your expected share of the settlement. On the other hand, If your case is settled, we can offer up to 50% of your expected share of the settlement.
Let’s consider an example. Suppose you are a Michigan plaintiff dealing with a bike accident case. You anticipate the estimated value of your case to be $750,000, and it’s still in process and won’t settle for some more time.
Typically, medical providers receive about 1/3 of the settlement, and your attorney will get another 1/3 of the settlement. After these deductions, you can expect to receive around $250,000. In that scenario, LawsuitLoans.io can advance approximately 25% of this amount, which equals to $62,500.
Roadway Accident Cases we Fund in Michigan
At LawsuitLoans.io, we fund almost any type of roadway accident in Michigan. Below is an overview of the types of cases we handle:
- Bicycle Accident Loans: We provide loans for those involved in bicycle accidents to cover legal fees and other related costs.
- Car Accident Loans: Our car accident loans help victims the financial support they need while their case is pending.
- Commercial Vehicle Accident Loans: We offer loans to those who are pursuing legal action after commercial vehicle accidents.
- Government Vehicle Accident Loans: For accidents involving government vehicles, we provide pre-settlement funding.
- Motorcycle Accident Loans: Motorcycle accident victims can apply for our loans to deal with the financial burden during their lawsuit.
- Pedestrian Accident Loans: For pedestrians hit by a vehicle, we offer financial assistance in the form of pre-settlement loans.
- Rideshare Accident Loans: If you’ve been involved in a rideshare accident, you may be eligible for our lawsuit loan services.
- Semi-Truck Accident Loans: We offer loans to people involved in semi-truck accidents who are seeking legal justice.
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 Michigan
LawsuitLoans.io provides funding throughout Michigan. See more about our funding in Michigan by visiting the city pages below:
Other Cases we Fund in Michigan
LawsuitLoans.io provides funding for various personal injury and roadway accident cases in Michigan. Read more about the personal injury cases we fund in Michigan 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 Michigan here: