New Jersey 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 New Jersey?
A bicycle accident lawsuit loan is a type of pre-settlement funding. It is specifically designed for plaintiffs who have been involved in a bike accident and are awaiting the final resolution of their case. These individuals often face mounting bills and uncertain financial situations. Bicycle accident lawsuit loans exist to alleviate these financial burdens.
The term ‘loan’ can be misleading. In reality, this form of funding is an advance on the settlement that plaintiffs hope to receive from their personal injury lawsuit. It’s important to note that these loans are non-recourse advances. This means that if the plaintiff does not win their case, they do not have to pay back the money.
Once the legal case is resolved, if the settlement is in favor of the plaintiff, the loan will be repaid out of that settlement. This takes place before the plaintiff receives their share. Any fees or interest charged by LawsuitLoans.io are also deducted at this stage.
However, if there is no successful settlement, the plaintiff does not owe anything. This highlights one of the key advantages of bicycle accident lawsuit loans: They bear the risk so that the injured party doesn’t have to worry about more financial strain.
Apply for a Lawsuit Loan with LawsuitLoans.io now.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 New Jersey
In the state of New Jersey, plaintiffs with personal injury claims from car accidents have the opportunity to obtain a loan from LawsuitLoans.io. This pre-settlement funding allows plaintiffs to maintain financial stability during the duration of their legal case. See below for specific details regarding car accident loans in New Jersey.
| Average car accident loan amount by LawsuitLoans.io in New Jersey | $12,465.75 |
| Largest car accident loan by LawsuitLoans.io in New Jersey | $108,649.00 |
| Average interest rate in New Jersey | 21.7% |
| Median personal injury verdict in New Jersey | $31,000.00 |
| New Jersey statute of limitations | 2 Years; N.J. Stat. Ann. § 2a:14-1 |
| New Jersey fault laws | New Jersey is a “choice no-fault” state, allowing drivers to choose between a “no-fault” policy and a traditional “at-fault” policy. |
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.
Get up to $500,000 With Rates as Low as 2.5% Simple, Monthly
Am I Eligible for a Bicycle Accident Loan in New Jersey?
Figuring out if you’re eligible for a bicycle accident lawsuit loan in New Jersey is easy. A few basic requirements are necessary to qualify. These are:
- Having a valid legal claim: You should have a real and valid case against an insurance company or self-insured company. This means that you’re involved in a personal injury lawsuit following a bike accident.
- Having an attorney hired on a contingency basis: This implies that you have an attorney representing you in court. The attorney should be willing to get paid only if you recover compensation from your insurance case. This kind of arrangement is also known as a contingency fee basis.
- Being 18 years old: The applicant must be at least 18 years old, as this is the legal age to enter into an agreement.
If you meet these criteria, you are most likely eligible to receive a bike accident lawsuit loan in New Jersey.
Types of Bike Accident Claims in New Jersey
Bike accidents can occur in various ways and are often caused by a number of factors. For instance, a bike accident could happen as a result of the negligence of motor vehicle drivers, faulty bike equipment, or hazardous road conditions. Here, we will be looking into two types of bike accidents: collisions with vehicles and accidents due to poor road maintenance.
Collisions With Vehicles: This type of accident occurs when a motor vehicle collides with a bicycle on the road. It often occurs at intersections when motor vehicles fail to yield to bicyclists that have the right of way. The chances of a cyclist getting hurt in these accidents are high because of the size and speed difference between bikes and cars.
Accidents Due to Poor Road Maintenance: Accidents happen when cyclists ride over potholes or other unsafe road conditions. The local government may be held liable if it can be proven that they failed to maintain safe roads for cyclists.
It’s important for plaintiffs to understand that New Jersey operates under a comparative negligence law. This means that the court will reduce the compensation to the plaintiff based on their percentage of fault in the accident. For example, if you are found to be 30% at fault, your damages would be reduced by that percentage.
Evaluating fault and understanding New Jersey’s negligence laws can be complex. It is recommended that plaintiffs consider reaching out to a pre-settlement funding company like LawsuitLoans.io while waiting for their case to resolve. These companies provide funding to help plaintiffs with personal injury and other legal claims continue their recovery without financial stress.
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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 – $1,000,000+. We can advance up to a maximum of 25% of your expected portion of the settlement if your situation is still in progress. However, for settled cases, we can offer 50% of your expected portion of the settlement.
Let’s visualize this with an example. Suppose you are a plaintiff in New Jersey going through a bike accident case. Your case’s estimated value is $750,000 and will not settle for some time. As a general rule, medical service providers get paid around 1/3 of the settlement. The attorney receives another 1/3 of the settlement. Ultimately, you would receive around $250,000.
In such circumstances, at LawsuitLoans.io, we can advance approximately 25% of that amount or $62,500 to support you financially during this challenging period.
Roadway Accident Cases we Fund in New Jersey
At LawsuitLoans.io, we aim to provide financial assistance across a broad range of roadway accident cases in New Jersey. The road can be unpredictable and unfortunate incidents may occur. Our funding support covers but isn’t limited to the following incidents:
- Bicycle Accident Loans: Funding for legal claims involving bicycle accidents.
- Car Accident Loans: Financial support for lawsuits involving car accidents.
- Commercial Vehicle Accident Loans: Financing for legal claims due to commercial vehicle collisions.
- Government Vehicle Accident Loans: Monetary backing for mishaps involving government vehicles.
- Motorcycle Accident Loans: Fill your financial gaps while you await resolution to your motorcycle accident lawsuit.
- Pedestrian Accident Loans: Get the financing you need to cover living expenses during your pedestrian accident lawsuit.
- Rideshare Accident Loans: Lawsuit funding to help you while your rideshare accident claim is being dealt with.
- Semi-Truck Accident Loans: Financing for claims involving accidents with semi-trucks.
Don’t let the worry of financial hardship distract you from your legal pursuit. Reach out to us and see how we can facilitate your journey to 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 New Jersey
LawsuitLoans.io provides funding throughout New Jersey. See more about our funding in New Jersey by visiting the city pages below:
Other Cases we Fund in New Jersey
LawsuitLoans.io provides funding for various personal injury and roadway accident cases in New Jersey. Read more about the personal injury cases we fund in New Jersey 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 New Jersey here: