Minnesota 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 Minnesota
When a cyclist is injured due to the negligence of others, they may consider filing a lawsuit. However, lawsuits can take months or even years to reach a conclusion. During this time, plaintiffs often endure financial strain due to medical bills and inability to work. This is where bicycle accident lawsuit loans come into play.
Bicycle accident lawsuit loans are designed to provide plaintiffs with immediate financial relief as they wait for their legal case to resolve. These loans aren’t like regular bank loans. Regular bank loans require the borrower to pay the money back whether they win or lose their law case. But legal funding from LawsuitLoans.io is non-recourse. That means that if you don’t win your lawsuit, you do not have to pay back the loan.
Here’s how it works: A plaintiff who is injured in a bicycle accident applies for a loan from LawsuitLoans.io. If approved, they receive an advance on their future settlement. This money can be used to cover any immediate costs associated with the accident, such as medical expenses and living costs. It also allows the injured party to focus on healing and their lawsuit, rather than worrying about how they will pay their bills.
To put it simply, a bicycle accident lawsuit loan is a way for plaintiffs in Minnesota, who have been harmed in a bike accident, to ease the financial stress while waiting for their legal case to resolve. For more information and to apply, visit LawsuitLoans.io’s funding application.
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 Minnesota
If you are involved in a car accident in Minnesota and pursuing a legal case, while waiting for your case to resolve, you might be considering a car accident loan. In this state, LawsuitLoans.io provides plaintiffs with monetary support, empowering them until they achieve justice. Below is some useful information regarding car accident loans in Minnesota:
| Average car accident loan amount by LawsuitLoans.io in Minnesota | $3,686.25 |
| Largest car accident loan by LawsuitLoans.io in Minnesota | $12,000.00 |
| Average interest rate in Minnesota | 22.5% |
| Median personal injury verdict in Minnesota | $30,000.00 |
| Minnesota statute of limitations | 2 Years; Minnesota Statutes Sec. 541.07 |
| Minnesota fault laws | Minnesota 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 Minnesota?
Understanding the eligibility criteria for a bike accident lawsuit loan is the first step you need to take. These loans are aimed at victims of bicycle accidents who are in the midst of a legal case. In other words, they provide temporary financial relief for plaintiffs until their case is resolved.
The basic requirements are:
- Having a valid legal claim: This could be against an insurance company or a self-insured company. The incident must have resulted in personal injury directly caused by another’s negligence or wrongful action. Your attorney should be willing to work on your case and verify its merits.
- Being represented by an attorney who is working on a contingency basis: This means your attorney only gets paid if, and when, you receive a settlement. If you do not have an attorney yet, we recommend finding one as soon as possible.
- Being at least 18 years old: Minors are not eligible for lawsuit loans. If you are under 18 and a victim of a bike accident, consult with an attorney to explore other financial solutions.
There may be additional factors considered by different funding companies. However, meeting these primary criteria sets you on the path to getting the financial help you need while waiting for your legal case to resolve.
Get up to $500,000 With Rates as Low as 2.5% Simple, Monthly
Types of Bike Accident Claims in Minnesota
Bike accidents can occur under various circumstances. Here are some examples:
- Accidents due to disregard of stop signs or traffic signals.
- Crashes stemming from a driver’s failure to yield to a bicyclist at intersections.
- Accidents caused by a driver opening their vehicle door without checking for passing bicyclists.
- Collisions resulted from distracted or impaired driving.
Minnesota operates under comparative fault laws. This means blame can be split between people involved in an accident. It can impact a plaintiff’s chances in their lawsuit. For example, if a cyclist fails to wear a helmet and is involved in an accident, a portion of fault could be assigned to them. This can reduce the compensation they receive.
However, if it’s found that the motorist violated a statute at the time of the collision, then the court may identify the motorist as the primary cause of the bike accident. The plaintiff might still win their lawsuit despite the comparative fault law.
In every case, it’s essential to consult a professional who can help navigate the complexities of these laws and fight for the best possible outcome.
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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. Our loan sizes are based on the value of your case and if it is still in progress or has been settled.
If your case is ongoing, we can offer up to 25% of what you expect to get from your settlement. For settled cases, we can provide a cash advance of up to 50% of your yet-to-be-received settlement amount. Let us illustrate this with an example:
Imagine you are a plaintiff in Minnesota involved in a bike accident case. Suppose the estimated value of your case is $750,000, but the case is not yet settled and you must wait for some time until it does. As per common practice, medical providers usually receive around 1/3 of the settlement, and your attorney collects another 1/3 as fees. This leaves you with about 1/3 of the total settlement or $250,000. In such a scenario, at LawsuitLoans.io, we could advance approximately 25% of that amount. This translates to an advance of $62,500 against your prospective settlement amount.
Roadway Accident Cases we Fund in Minnesota
We fund almost any type of roadway accident in Minnesota. Here is a short list detailing some case types we fund:
- Bicycle Accident Loans: Funding for cases involving bicycle accidents.
- Car Accident Loans: Loans provided to individuals involved in car accidents.
- Commercial Vehicle Accident Loans: This includes funding for accidents involving commercial vehicles.
- Government Vehicle Accident Loans: Lawsuit loans for cases involving government vehicles incidents.
- Motorcycle Accident Loans: We provide funds for motorcycle accident cases.
- Pedestrian Accident Loans: Financial support for individuals hit by vehicles as pedestrians.
- Rideshare Accident Loans: Loans for incidents involving rideshare services like Uber or Lyft.
- Semi-Truck Accident Loans: Funding for accidents involving semi-trucks or large vehicles.
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 Minnesota
LawsuitLoans.io provides funding throughout Minnesota. See more about our funding in Minnesota by visiting the city pages below:
Other Cases we Fund in Minnesota
LawsuitLoans.io provides funding for various personal injury and roadway accident cases in Minnesota. Read more about the personal injury cases we fund in Minnesota 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 Minnesota here: