Rhode Island 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 Rhode Island
Motorcycle accident lawsuit loans, also known as pre-settlement funding or lawsuit advances, are a financial tool that provides plaintiffs with immediate financial relief while they await the outcome of their legal claim. These loans can be instrumental in helping individuals manage the financial strain as a result of the accident.
If you are injured from a motorcycle accident in Rhode Island and have decided to file a legal case against the party at fault, there could be a prolonged waiting period before the case settles. During this time, you might face pressing financial issues caused by medical bills and loss of income. This is where a motorcycle accident lawsuit loan comes into play.
These loans are non-recourse advances, meaning they only need to be repaid if your lawsuit is successful. In other words, if you do not win your case, you do not have to repay the loan. Such a characteristic adds an extra layer of security for plaintiffs who are already going through a tough time due to their accident-related injuries.
Motorcycle accident loans are, essentially, a way for you to access part of your future settlement now. By taking a lawsuit loan, you get to use the funds for whatever immediate needs you may have – be it hospital bills, mortgage payments or daily expenses – while you wait for your legal case to resolve.
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 Rhode Island
If you’ve been injured in a car accident in Rhode Island, you might have to wait for months or even years before your case settles and you get your compensation. In the meantime, you may need money to pay for medical bills and other expenses. This is where LawsuitLoans.io can help. We provide car accident loans that can give you the financial support you need while you wait for your case to resolve. Here are some key facts and figures about our car accident loans in Rhode Island:
| Average car accident loan amount by LawsuitLoans.io in Rhode Island | $2,645.00 |
| Largest car accident loan by LawsuitLoans.io in Rhode Island | $8,340.00 |
| Average interest rate in Rhode Island | 21.3% |
| Median personal injury verdict in Rhode Island | $20,906.00 |
| Rhode Island statute of limitations | 3 Years; Title 9 Ch. 1 Section 9-1-14 |
| Rhode Island fault laws | Rhode Island is an “at-fault” or “tort” state, meaning the driver found to be responsible for the accident is liable for damages. |
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 Motorcycle Accident Loan in Rhode Island?
If you have been involved in a motorcycle accident in Rhode Island and are facing financial strain while awaiting the resolution of your lawsuit, you may be wondering about the eligibility criteria for a motorcycle accident lawsuit loan. This type of pre-settlement funding can help sustain you financially throughout the duration of your legal case. So, who exactly is qualified?
The primary eligibility criteria are quite straightforward:
- You must have a valid legal claim arising from a motorcycle accident against an insurance company or self insured company. This suggests you’re pursuing compensation because of someone else’s negligence.
- You must have hired an attorney to represent you on a contingency basis. Meaning, your attorney only gets paid if you win your case or negotiate a successful settlement. This signals that your lawyer is confident in the strength of your case.
- Finally, you must be at least 18 years old. This is the minimum legal age to enter into a contract in Rhode Island.
If all of these requirements are met, you could potentially qualify for a motorcycle accident lawsuit loan in Rhode Island through LawsuitLoans.io. If you believe you fulfil these criteria don’t hesitate to apply at LawsuitLoans.io funding application.
Types of Motorcycle Accident Claims in Rhode Island
Motorcycle accidents can occur in different ways and for a variety of reasons. Understanding the nature of your accident is essential to navigate the legal ins and outs successfully. Here are some common types of motorcycle accidents:
- Rear-End Collisions: This happens when another vehicle hits the back of your motorcycle, which is often due to distracted or reckless driving.
- Left-Turn Accidents: These occur when an oncoming vehicle doesn’t yield while turning left, hitting or causing you to crash.
- Sideswipe Accidents: In this situation, a car attempts to overtake your motorcycle too closely, hitting you in the process.
- Hit-and-Run Incidents: If someone hits you and leaves the scene without rendering aid or providing information, it’s a hit-and-run accident.
Rhode Island utlizes a “pure comparative fault” system. In this system, if you share any fault for the accident, it might reduce the amount of compensation you receive. For instance, if you’re 20% at fault, you could potentially only recover 80% of your total damages.
It’s critical to understand that each case is unique. The potential success of your lawsuit often depends on multiple factors, such as the particulars of your accident, the evidence available, and the skill of your legal representation. For assistance with lawsuit funding during a personal injury lawsuit in Rhode Island, consider contacting LawsuitLoans.io.
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 provided by LawsuitLoans.io can range significantly. They can be anywhere from $500 to over $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. If your case has already settled, we can offer up to half, or 50%, of your expected portion of the settlement.
Let’s look at an example for further clarity. Consider a plaintiff from Rhode Island involved in a motorcycle accident case. The case has an estimated value of $350,000 and is not expected to settle any time soon. Generally, medical providers receive about one-third of the total settlement. The attorney takes another one-third. That leaves around $115,000 for the plaintiff. In this situation, we could advance nearly 25% of that amount, which is around $29,000.
Roadway Accident Cases we Fund in Rhode Island
At LawsuitLoans.io, we are committed to assisting with most types of roadway accident lawsuits in Rhode Island. We understand that pending litigation can be a drain on your financial resources, and we’re here to help. Below are some specific types of cases we fund in the state:
- Bicycle Accident Loans: We offer loans if you’re involved in a bicycle accident lawsuit and need financial assistance.
- Car Accident Loans: In the event you’re suing due to a car accident, we also provide funding to ease the pressure.
- Commercial Vehicle Accident Loans: Our funds cover legal cases involving commercial vehicles too.
- Government Vehicle Accident Loans: If you’re suing due to an accident with a government vehicle, we can help fund your case.
- Motorcycle Accident Loans: Motorcycle accidents aren’t left out. We provide loans for these casualties too.
- Pedestrian Accident Loans: Pedestrians involved in accidents can also get funded by us.
- Rideshare Accident Loans: If you’ve been involved in a rideshare accident, you are eligible for our loans.
- Semi-Truck Accident Loans: We also include semi-truck accidents in the cases we fund in Rhode Island.
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 Rhode Island
LawsuitLoans.io provides funding throughout Rhode Island. See more about our funding in Rhode Island by visiting the city pages below:
Other Cases we Fund in Rhode Island
LawsuitLoans.io provides funding for various personal injury and roadway accident cases in Rhode Island. Read more about the personal injury cases we fund in Rhode Island 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 Rhode Island here: