Michigan 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 Michigan
Motorcycle Accident Lawsuit Loans are a specific type of funding mechanism, designed for the benefit of plaintiffs. If you’re a plaintiff who suffered injuries in a motorcycle accident, these loans can be your financial lifeline.
But how do they work? Essentially, they function as non-recourse advances on your future car accident settlement. This means that the advance loan provides immediate monetary support to be repaid from the potential settlement payouts. However, should the case not rule in your favor, you owe absolutely nothing back.
To simplify, imagine it as a cash advance on the money you expect to win from your lawsuit. And the best part? You only pay it back if you win your case. That’s the essence of what we call ‘non-recourse’. This feature significantly reduces the financial risk on your end. Simply put, you can focus on your legal battle without worrying about burdensome loan repayments.
In effect, Motorcycle Accident Lawsuit Loans in Michigan are designed keeping your needs in mind. They offer a secure and risk-free method of accessing funds when you need them the most.
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
Car accident loans in Michigan can serve as a lifeline for plaintiffs who are waiting for their case to resolve. These types of loans are provided by LawsuitLoans.io and can help cover living expenses and medical costs during this stressful period. Specifics about average loan amounts, interest rates, and state law are outlined in the table below:
| 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 Motorcycle Accident Loan in Michigan?
Securing a motorcycle accident lawsuit loan in Michigan can seem daunting, but the process is simple. The primary eligibility criteria are straightforward and easily understood. First, you must have a valid legal claim against an insurance company or a self-insured company. Second, you need to have an attorney hired on a contingency basis, which means that your attorney will receive their fees only if you win your case. Lastly, you must be 18 years old or above.
Meeting these three key eligibility criteria puts you in a strong position to obtain a lawsuit loan from LawsuitLoans.io. It helps you secure funding while you wait for your case to resolve. Visit, LawsuitLoans.io to learn more about your qualification chances or call us at (800) 340-4973. You can also fill the LawsuitLoans.io funding application to get started with the process.
Get up to $500,000 With Rates as Low as 2.5% Simple, Monthly
Types of Motorcycle Accident Claims in Michigan
In Michigan, there are several types of motorcycle accidents that a plaintiff can make a claim for in a lawsuit. It’s critical to understand the different types and how they occur, because the type of accident can affect how you prove fault and could impact your chance of success in your lawsuit.
Rear-End Collisions
A rear-end collision happens when a vehicle hits a motorcycle from behind. These typically occur when the vehicle behind fails to stop in time. In most cases, the driver of the vehicle behind is found at fault for not maintaining a safe distance.
Left-Turn Accidents
Left-turn accidents happen when a vehicle turning left collides with a motorcycle going straight or passing the vehicle. The vehicle making the left-turn is usually deemed at fault unless the motorcycle was speeding or in the wrong lane.
Head-On Collisions
Head-on collisions between a vehicle and a motorcycle commonly result in serious injury or death. They usually occur when a vehicle crosses into oncoming traffic. Typically the driver crossing the centerline is considered at fault.
Understanding Fault in Michigan
In Michigan, determining fault isn’t as simple as one party being entirely at fault. Michigan uses a comparative fault system where each party’s degree of fault is determined. If you are deemed partially at fault, it can reduce the compensation you receive from a lawsuit. But the good news is that even if you are deemed partially at fault, you can still potentially receive some compensation. It’s vital to consult with a legal expert to accurately prepare for such complexities.
Get Started
Apply today and get funds in as little as 24 hours!
How Much Money Can I Get From my Motorcycle 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 share of the settlement if your case is still in progress. For settled cases, we can provide 50% of your anticipated portion of the settlement.
Let’s take an example. Assume you are a plaintiff in a motorcycle accident case in Michigan. The estimated value of your case is $350,000, but the case is ongoing and will not settle for some time. It is usually seen that medical providers get about 1/3 of the settlement, and the attorney takes around another 1/3. This would leave you, the plaintiff, with approximately $115,000.
So, in this scenario, LawsuitLoans.io can advance about 25% of this sum—which is roughly $29,000—to help you through while your case gets resolved.
Roadway Accident Cases we Fund in Michigan
At LawsuitLoans.io, we are eager to support plaintiffs involved in nearly all types of roadway accidents in Michigan. This funding assistance ranges from Bicycle Accidents to Semi-Truck Collisions. Check out the list and descriptions below:
- Bicycle Accident Loans: Help for victims of bicycle-related incidences.
- Car Accident Loans: Financial assistance for car accident lawsuits.
- Commercial Vehicle Accident Loans: Support for cases related to commercial vehicle mishaps.
- Government Vehicle Accident Loans: Aid for those injured due to government vehicles’ negligence.
- Motorcycle Accident Loans: Relief for survivors of motorcycle accidents.
- Pedestrian Accident Loans: Funds for pedestrian accident lawsuits.
- Rideshare Accident Loans: Assistance for rideshare accident lawsuits.
- Semi-Truck Accident Loans: Support for victims of semi-truck accidents.
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: