South Dakota 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 South Dakota
A bicycle accident lawsuit loan is a financial lifeline for plaintiffs who have been injured in a bike accident. These loans are primarily cash advances based on the expected payouts from lawsuits. Sustaining injuries in a bike accident often leads to sizable medical bills and potential loss of income during recovery. A lawsuit loan helps you meet these financial needs while you wait for your case to settle.
Bicycle accident lawsuit loans in South Dakota work in a straightforward manner. The plaintiff applies for the loan, and if approved, the funding company like LawsuitLoans.io provides a cash advance. This advance is essentially a portion of the potential settlement that the plaintiff expects to receive once their legal case concludes.
What makes bicycle accident lawsuit loans unique is their “non-recourse” nature. This means if the plaintiff does not win their lawsuit, there is no obligation to return the cash advance. Essentially, the risk is shouldered by the company providing the loan, not the plaintiff.
To get started with your lawsuit loan, visit LawsuitLoans.io funding application or call us on our toll-free number at (800) 340-4973.
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 South Dakota
If you’re involved in a car accident in South Dakota, you could be waiting a long time for your case to conclude. Don’t stress financially during this period: consider a car accident loan from LawsuitLoans.io. The information below can give you insight into averages and legal details about such loans in this state.
| Average car accident loan amount by LawsuitLoans.io in South Dakota | $9,400.00 |
| Largest car accident loan by LawsuitLoans.io in South Dakota | $14,300.00 |
| Average interest rate in South Dakota | 22.5% |
| Median personal injury verdict in South Dakota | $31,000.00 |
| South Dakota statute of limitations | 3 Years; Title 15 Ch. 2 Section 15-2-14 |
| South Dakota fault laws | South Dakota 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 Bicycle Accident Loan in South Dakota?
If you’ve been involved in a bicycle accident in South Dakota, you may be eligible to apply for a lawsuit loan. This type of funding is designed to help those pursuing legal claims afford their living expenses while their case makes its way through court.
There are three major factors that determine eligibility:
- A valid legal claim: You need to be having an ongoing legal claim against an insurance company or a self-insured firm. It could either be because of their negligence, intentional wrongdoing, or another form of liability.
- Attorney representation: You should have hired an attorney who’s working with you on a contingency basis. This means that your attorney will only get paid if they win the case for you. It shows your commitment and the seriousness of your claim.
- Age requirement: You need to be at least 18 years old to apply for a lawsuit loan.
If you meet these requirements, then you are a candidate for a bicycle accident lawsuit loan. For more details and to start the application process, visit LawsuitLoans.io funding application.
Types of Bike Accident Claims in South Dakota
Individuals involved in bike accidents may experience a range of injuries, from minor scrapes and bruises to serious, life-changing conditions. This severity is reflected in the wide variety of bike accident claims which exist in South Dakota.
One common type of bike accident is a collision with a motor vehicle. These accidents often occur when drivers fail to notice cyclists on the road or disregard traffic rules. This can result in serious injuries with long-term impacts on the victim’s health.
A bike accident can also occur due to factors such as poor road conditions or defective bike parts. These cases are usually classified under product liability or premises liability law.
In South Dakota, determining who was at fault for the accident can significantly impact a plaintiff’s chance of success in their lawsuit. Under the state’s comparative negligence law, if the injured cyclist is found to be partly at fault for the accident, their potential compensation could be reduced. Additionally, if a court determines that the cyclist was more than 50% responsible for the accident, they may not be eligible to recover any damages at all.
This makes it crucial for plaintiffs to seek professional legal advice in order to understand their rights and navigate the complex legal process effectively.
Get Started
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 case is still in progress. For settled cases, we can offer 50% of your expected portion of the settlement.
Let’s consider an example: suppose there is a plaintiff in South Dakota who was in a bike accident, and the estimated value of their case is $750,000. The case is still in progress and is not expected to settle for some time. As a general guide, medical providers often receive around 1/3 of the settlement amount, and the attorney may get another 1/3. This would leave the plaintiff with about $250,000. In this case, we can advance the plaintiff approximately 25% of that $250,000, which would amount to $62,500.
Roadway Accident Cases we Fund in South Dakota
We fund almost any type of roadway accident cases in South Dakota. Below is a list of some specific cases that we commonly fund:
- Bicycle Accident Loans – Helping bicycle accident victims to bridge the gap between the incident and the settlement, providing financial relief when it’s most needed.
- Car Accident Loans – Offering plaintiffs in car accident cases with required finance to manage their expenses while their case is in process.
- Commercial Vehicle Accident Loans – Providing funds for victims involved in commercial vehicle accidents, pending their case resolution.
- Government Vehicle Accident Loans – Assisting those involved in government vehicle accidents by offering settlement loans to cover their immediate financial needs.
- Motorcycle Accident Loans – Provision of financial help to victims of motorcycle accidents, alleviating financial stress during the lawsuit process.
- Pedestrian Accident Loans – Furnishing pedestrians struck by a vehicle with necessary finance while their injury claim is settled.
- Rideshare Accident Loans – Extending financial assistance to those involved in rideshare accidents like Uber or Lyft, to tide them over until the resolution of their case.
- Semi-Truck Accident Loans – Offering financial support to victims of semi-truck accidents awaiting their case’s final verdict.
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 South Dakota
LawsuitLoans.io provides funding throughout South Dakota. See more about our funding in South Dakota by visiting the city pages below:
Other Cases we Fund in South Dakota
LawsuitLoans.io provides funding for various personal injury and roadway accident cases in South Dakota. Read more about the personal injury cases we fund in South Dakota 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 South Dakota here:
Get up to $500,000 With Rates as Low as 2.5% Simple, Monthly
Does LawsuitLoans.io Directly Fund Cases in South Dakota?
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 South Dakota.