Michigan Rideshare 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
Apply in Seconds
What Are Rideshare Accident Loans in Michigan
A car accident loan, such as a rideshare accident loan in Michigan, is a form of financial help available to plaintiffs involved in a car accident legal case. This type of funding is made readily accessible by companies like LawsuitLoans.io which specialize in offering pre-settlement loans. They come in handy when a plaintiff is navigating through the strenuous legal process and requires financial assistance to cater for their living expenses and/or lawsuit-related costs.
Here’s how it works: Once a person gets into a car accident and decides to pursue a lawsuit, they can apply for an accident loan to manage their increasing costs while they wait for the case to settle. LawsuitLoans.io provides these funds, effectively buying a small portion of the future settlement. In return, they receive repayment only if the plaintiff wins the case or obtains a settlement. This is why car accident loans are considered “non-recourse” – if you lose your case, you do not owe anything.
In essence, rideshare accident loans in Michigan and similar locations offer a safety net for plaintiffs who may be struggling financially during a lawsuit. By visiting LawsuitLoans.io or calling (800) 340-4973, individuals can explore their options and apply for a loan right from their homes.
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 can provide much-needed funds to those who have been injured in a car crash and are awaiting a verdict in their case. This section will give you a snapshot of the average loan amounts we offer at LawsuitLoans.io, typical interest rates, and some important details about personal injury cases and regulations 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 Rideshare Accident Loan in Michigan?
If you have been involved in a car accident while using a rideshare service, you may be wondering whether you are eligible for a lawsuit loan. In Michigan, the criteria for eligibility is fairly straightforward.
The first requirement is that you must have an attorney hired on a contingency basis. This means that your lawyer only gets paid if they win your case. The second prerequisite is that you must be at least 18 years old. If you meet both of these criteria, then you could be eligible for a lawsuit loan.
LawsuitLoans.io funds lawsuits arising from accidents involving any rideshare company or delivery service. This includes popular services like Uber, Lyft, and DoorDash.
- Uber: Founded in 2009, Uber has quickly become one of the most used rideshare apps in the world.
- Lyft: Lyft, established in 2012, is also a major player in the rideshare industry, operating in hundreds of cities across the U.S.
- DoorDash: DoorDash, founded in 2013, is not a rideshare service, but a food delivery service. However, they are also subject to lawsuit loans if an accident occurs during a food delivery.
So, if you’re involved in an accident while using any of these services and meet the other requirements, you could be eligible for a lawsuit loan from LawsuitLoans.io.
Get up to $500,000 With Rates as Low as 2.5% Simple, Monthly
How Much Money Can I Get From my Rideshare 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 portion of the settlement if your case is still in progress. For settled cases, we can offer 50% of your expected portion of the settlement.
Consider this example: a plaintiff in Michigan who was involved in a rideshare accident has a $500,000 estimated value claim. The case is still in progress and will not settle for some time. As a general rule of thumb, medical providers get paid around 1/3 of the settlement, the attorney gets another 1/3 of the settlement and as a result, the plaintiff would receive around $170,000. We can advance approximately 25% of that amount or $42,500.
Get Started
Apply today and get funds in as little as 24 hours!
Roadway Accident Cases we Fund in Michigan
At LawsuitLoans.io, we fund almost any type of roadway accident in Michigan. Our services extend to various accident types, including but not limited to:
- Bicycle Accident Loans: We cater to bicycle accident victims awaiting settlement funds.
- Car Accident Loans: Car accidents are common, and we provide loans for victims involved in personal or commercial car accidents.
- Commercial Vehicle Accident Loans: We offer loan services for victims involved in commercial vehicle accidents.
- Government Vehicle Accident Loans: Incidents involving government vehicles are also covered by our funding services.
- Motorcycle Accident Loans: We provide pre-settlement loans for victims of motorcycle accidents.
- Pedestrian Accident Loans: Pedestrians injured in roadway accidents are eligible too for our pre-settlement loans.
- Rideshare Accident Loans: If you were injured in a rideshare vehicle accident, we can help you with funding.
- Semi-Truck Accident Loans: We also provide loans to victims involved in semi-truck accidents.
Cities we Service in Michigan
LawsuitLoans.io provides funding throughout Michigan. See more about our funding in Michigan by visiting the city pages below:
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 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: