New Mexico 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 New Mexico
A motorcycle accident lawsuit loan is a monetary advance provided to plaintiffs who have been involved in motorcycle accidents. If you have been injured in a motorcycle accident in New Mexico and your legal case is pending, you may need financial help to cope with medical bills, loss of income, or other expenses. This is where these lawsuit loans come into play.
Lawsuit Loans in this case are non-recourse advances. What’s non-recourse? Simply put, it means if you don’t win your case, you don’t need to pay anything back. These are not traditional loans. You only repay the advance if you are successful in your legal claim.
So, how do these loans work? They are essentially advances on the potential compensation you could receive from your car accident settlement. If your case is still unresolved, LawsuitLoans.io can provide you with the funds in advance while you wait for your case to settle. It eases the financial burden during the critical period of your lawsuit without adding the stress of a mandatory repayment.
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 Mexico
Understanding state-specific details can have a significant effect on the outcome of your lawsuit and the arrangement of your loan. In this section, we aim to provide some key insights about car accident loans in New Mexico. Details like the average loan amount provided, the largest car accident loan offered, and average interest rates can vary depending on location and the specifics of each case. Please note that due to varying factors, certain information might not be available at this time.
| Average car accident loan amount by LawsuitLoans.io in New Mexico | Not enough data available |
| Largest car accident loan by LawsuitLoans.io in New Mexico | Not enough data available |
| Average interest rate in New Mexico | Not enough data available |
| Median personal injury verdict in New Mexico | $31,000.00 |
| New Mexico statute of limitations | 3 Years; N.M. Stat. Ann. § 37-1-1 |
| New Mexico fault laws | New Mexico is an “at-fault” or “tort” state, meaning the driver found to be responsible for the accident is liable for damages. |
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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 Motorcycle Accident Loan in New Mexico?
If you’ve been involved in a motorcycle accident in New Mexico and are currently involved in a legal claim, you may be curious about your eligibility for a lawsuit loan. The primary points to consider are listed below.
- Valid Legal Claim: To be eligible for a lawsuit loan, you must have a valid legal claim against an insurance company or a self-insured entity. This means that another party should be at least partly responsible for the accident, which has led to your personal injury.
- Contingency Basis Attorney: It is a requirement that an attorney represents you on a contingency basis, i.e., your attorney only gets paid if you win or settle your case. This ensures that your case is taken seriously and has actual merit.
- Age Requirement: You must be at least 18 years old to be eligible for a motorcycle accident lawsuit loan.
Always remember, every case is unique and many different factors can impact eligibility. Discuss your individual situation with a knowledgeable legal financing expert to get the most accurate answer.
Types of Motorcycle Accident Claims in New Mexico
Motorcycle accidents can lead to serious injuries and often, a lengthy legal process. Below are some common types of motorcycle accidents:
- Rear-end Accidents: This happens when a vehicle hits a motorcycle from behind. It’s often a result of distracted driving or tailgating.
- Left-turn Accidents: These occur when a driver, making a left turn, hits a motorcycle going straight on the road.
- Lane Splitting Accidents: This involves a motorcycle riding between two lanes during heavy traffic. These accidents happen due to close proximity of cars and reduced space for riding.
Fault laws play a crucial role in motorcycle accident claims in New Mexico. New Mexico follows a pure comparative negligence system. This means the injured party can recover damages even if they were partially at fault. However, the recovery amount reduces by their level of fault in causing the accident.
For example, if you are 30% at fault for the accident, you can still recover 70% of the damages. But, it’s vital to note that proving your degree of fault is a complex process. It requires strong evidence and expert testimony.
If you are in such a situation, LawsuitLoans.io might be able to provide you with the funds needed to see your legal case through. Simply go to our application page or call our toll free phone number (800) 340-4973 for more information.
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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 portion of the settlement if your case is still in progress. For settled cases, we can offer up to 50% of your expected portion of the settlement.
To illustrate, let’s consider an example of a plaintiff in New Mexico involved in a motorcycle accident case with an estimated value of $350,000. This case is still in progress and will not settle for some time.
As a general rule of thumb, medical providers get paid around one-third of the settlement, the attorney gets another third, and consequently, the plaintiff receives about $115,000. LawsuitLoans.io could advance approximately 25% of that amount, which amounts to $29,000.
Roadway Accident Cases we Fund in New Mexico
In New Mexico, we fund almost any type of roadway accident. Below is a list detailing the types of cases that qualify for funding:
- Bicycle Accident Loans: We offer loans to plaintiffs who are involved in bicycle-related accidents. This includes collisions with motor vehicles, pedestrian incidents, and infrastructure faults.
- Car Accident Loans: If you’ve been injured in a car accident, you may be eligible for a loan. This can include incidents stemming from negligence, drunk driving, or reckless driving.
- Commercial Vehicle Accident Loans: Commercial vehicle accidents can cause serious injury. We offer funding for plaintiffs awaiting settlements due to commercial vehicle accidents.
- Government Vehicle Accident Loans: Accidents involving government vehicles can sometimes take longer to resolve. We offer pre-settlement funding for these cases.
- Motorcycle Accident Loans: Motorcycle accidents can result in severe injuries needing lengthy recovery times. Our funding options help support plaintiffs during this period.
- Pedestrian Accident Loans: Accidents involving pedestrians often lead to serious injury or death. Lawsuit loans can assist financially while you wait for your lawsuit to conclude.
- Rideshare Accident Loans: Rideshare accidents can involve complex insurance issues. We offer lawsuit loans to help you navigate this stressful process.
- Semi-Truck Accident Loans: Semi-truck accidents can cause devastating injuries. Pre-settlement funding can alleviate financial stresses during the legal process.
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 Mexico
LawsuitLoans.io provides funding throughout New Mexico. See more about our funding in New Mexico by visiting the city pages below:
Other Cases we Fund in New Mexico
LawsuitLoans.io provides funding for various personal injury and roadway accident cases in New Mexico. Read more about the personal injury cases we fund in New Mexico 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 Mexico here:
Get up to $500,000 With Rates as Low as 2.5% Simple, Monthly
Does LawsuitLoans.io Directly Fund Cases in New Mexico?
While LawsuitLoans.io operates as a direct funder in most states it services, we act as a broker and originate funding requests to a select group of partner funding companies in New Mexico.