Inattentive drivers and poor road conditions are some of the top reasons bicycle accidents occur. Due to the the significant size difference between bicycles and automobiles, collisions often result in catastrophic injuries. Fortunately, state laws allow you to recover compensation for your injuries. Learn more about auto accident loans here.
However, this normally involves a prolonged legal battle. In the meantime, you are left unable to work and facing financial ruin. Bicycle accident legal funding from High Rise Financial offers you a financial lifeline if you are struggling to make ends meet while you pursue your personal injury case.
What Is Pre-Settlement Lawsuit Funding?
Pre-settlement lawsuit funding, or legal funding, is a way to receive cash now based on the anticipated settlement in a personal injury case. Funding is completely risk-free and is not a loan.
If the case successfully settles, the cash is repaid out of the proceeds of the settlement. If there is no recovery, you do not have to pay the money back! This is a significant distinction from a traditional lawsuit loan or a cash advance, which must be repaid regardless of the outcome.
How do I Qualify for Legal Funding?
Qualifying for a lawsuit loan is easy and only requires a few things. After satisfying these requirements, you are one step closer to getting the funding you deserve. To qualify for legal funding in your bicycle accident case, you’ll need to meet the following criteria:
- Have a valid personal injury claim
- A lawyer that agrees to third-party funding
- Be a resident of the state you’re filing your claim in
- Have a pending lawsuit in your state
Traditional lawsuit loans often require a credit check which can affect your credit score, without a guarantee that you will get the money you need. We don’t ask for any information about your financial situation, so you don’t have to worry about digging out pay stubs or other proof of income.
Why do I Need Approval From My Attorney to Obtain Legal Funding?
If you want to obtain lawsuit funding for a bicycle accident, you will need to obtain approval from your attorney. Without their approval, you won’t be able to obtain legal funding even if you qualify for it. If your attorney drops your case or you have to change to a new one, be sure to notify your funding company immediately, or you could jeopardize your access to the funds.
Within your attorney’s approval, they must agree to receive third-party funding. Third-party funding is what allows you to get your pre-settlement funding, so this is an important step. After your attorney agrees to receive third-party funding, we’ll cover the costs of your lawsuit.
Then, you’ll be able to receive a portion of your settlement before your case finalizes in exchange for a portion of your settlement if you win your case.
Types of Bicycle Accident Cases Eligible for Legal Funding
If you were injured while riding a bike and your injuries are the result of someone else’s negligence, you may be eligible for legal funding.One of the most important details that can determine if your bicycle accident case is eligible for legal funding is liability. There must be a clear illustration of who was responsible for the accident.
For example, a plaintiff who was riding their bike within a designated bike lane and was struck by a drunk driver would be eligible for funding since the law would clearly assign liability to the drunk driver. If the liability is unclear or details of your case show that you may be responsible for the accident, your case may be not be eligible for lawsuit funding.
Common Bicycle Accident Injuries Covered by Legal Funding
Even if you follow bicycle safety guidelines, being struck by a negligent motorist can be extremely detrimental. Bicycle injuries can range from fairly minor to life-changing and expensive. Here are some of the most common injuries from bicycle accidents:
- Wrongful death
- Head injuries
- Traumatic brain injuries (TBI)
- Bone fractures
- Cuts and scrapes
- Loss of limb
We have provided financial assistance to plaintiffs with injuries ranging from lacerations and soft tissue damage to brain damage and bone fractures.If you are unsure if your injury qualifies, our specialists can help determine if you are able to receive legal funding.
How Much Pre-Settlement Funding Can I Receive?
The amount of pre-settlement funding you can get depends on a few factors. In previous cases, we’ve offered up to $250,000, but the amount we can give you depends on your estimated settlement amount. To determine the value of your case our specialists look at the following factors in relation to your case:
- State where your bicycle accident happened
- Details of your case
- Severity of your injuries
- Whether liability is clear or not
- Property damage
- Who you filed a claim against
We examine your injuries and who was at fault in the accident with a careful eye. The scale and scope of your injuries and whether or not another party was clearly responsible for them will determine how much legal funding you can obtain.
You may be able to qualify for a second bicycle accident lawsuit loan if developments in your case cause you to have more expenses and you’ve run out of money from your first lawsuit loan. Our specialists will review your case to see if you can receive additional funding.
The Benefits of Lawsuit Funding
Lawsuit funding is a way to bridge the gap between the time of an accident and when the case finally settles. We are different from other legal funding companies because we have no upfront charges or hidden fees. The application is simple. We don’t check your credit and you don’t need a job in order to be eligible to apply!
Our knowledgeable specialists make all the necessary arrangements with your attorney and can transfer the cash in as little as 24 hours after approval. There are also no restrictions on how you can spend the money! Clients are free to use the cash to pay their monthly bills or pay back an unrelated debt.
Apply for Free for Pre-Settlement Funding Today
High Rise Financial believes that victims of bicycle accidents should be able to focus on healing instead of worrying about how to pay their rent. We are available 24 hours a day to answer any additional questions you may have and to help you start the application process.
Please call us or apply for free online today! We’ll work with you to get you the bicycle accident legal funding that you need to cover your expenses.