Pedestrian Accident Lawsuit Loans

Everyone is a pedestrian at some point in the day, and despite our unique differences, we all have at least one thing in common.

No one expects to be struck by a vehicle while they’re walking from Point A to Point B.

Data from the Center for Disease Control shows that in the year 2015, almost 129,000 pedestrians received emergency medical care due to non-fatal crash-related injuries.

In that same year, the National Highway Traffic and Safety Administration found that a pedestrian was injured in this type of crash every 7.5 minutes.

As such, pedestrian accidents have the ability to completely derail an individual’s life. While injuries may be nonfatal they can still completely change someone’s life. Don’t let a pedestrian accident completely change your life for the worse. Get lawsuit funding from Provident Legal Funding, with it you will be able to receive the lawsuit cash you deserve.

With lawsuit funding from Provident, you will be able to stay in your lawsuit longer. The longer you are on the lawsuit, the higher the likelihood of you being able to receive the lawsuit cash you deserve. Personal injury accident victims typically feel as though they have to settle quickly in order to get back to their lives.

Don’t settle quickly, settle for the amount of lawsuit cash you deserve by getting pre-settlement funding with Provident Legal Funding. We can get you your cash advance within 24 hours of approval. And if you have a cash advance contract with a different company, send it to us and we can beat it. At Provident, we are on the side of all accident victims.

Does your pedestrian accident meet all approval factors?

There are only three factors that strongly impact your likelihood of receiving a pedestrian accident personal injury cash advance. Below we have detailed what these factors are and how they influence your chances of receiving lawsuit funding:

  1. Liability – liability is basically who is at fault for the accident. In most pedestrian accidents, liability is clear – it’s the motorized vehicle that collided with the pedestrian
  2. Damages – in order to qualify for our cash advance, you have to have had damages in some form. We have listed what damages consist of lower in the article
  3. Insurance – Insurance has to be at play for accident victims. The defendant must have insurance that you can go after during the lawsuit.

Those are the primary factors that influence whether or not your case qualifies for legal funding. There is only one other personal injury factor that may affect your likelihood of you receiving a cash advance. How much in previous funding you have received (if any) can affect how much in lawsuit funding you receive from Provident.

This is because generally you can only be advanced 5%-20% of your total settlement. If you have received prior lawsuit funding that maxes out how much you can receive for your cash, we may not be able to give you an advance.

National statistics

According to the CDC in 2017, 5,977 pedestrians were killed by motorized vehicles. That means that once every 88 minutes, a pedestrian was killed in an accident with a vehicle.

An estimated 137,000 pedestrians were taken to the emergency room as a result of accidents with motorized vehicles, though luckily for these accident victims, their injuries were not fatal.

Nearly half of the pedestrian accident deaths were the result of alcohol. Either the pedestrian or the vehicle driver was under the influence.

Most of these accidents happen at night, in urban areas, and at night.

Common Causes

Below we have listed a few of the most common causes of pedestrian accidents. Most of the causes for these accidents involve the vehicle driver driving dangerously:

  • Intoxicated driving – driving while drinking or doing any other drug
  • Distracted driving – texting, talking on the phone, eating drinking distracting the driver from the road
  • Speeding – driving over the speed limit
  • Failure to give right of way – failing to give pedestrians the right of way
  • Left-hand turns – turning left into a pedestrian as they cross the street
  • Backing up – backing up and not seeing a pedestrian walking behind the car

Recoverable damages in a pedestrian accident lawsuit

Liable drivers may need to pay damages beyond those that are tied to medical bills and lost wages.

Depending on your case, the defendant may also be responsible for damages related to:

  • Pain and suffering
  • Permanent disfigurement
  • Permanent disability
  • Funeral expenses
  • Damages suffered by the spouse and/or family of a person who was injured or killed as a result of a pedestrian accident (this is also referred to as “loss of consortium”)

Other liable parties

When most people think of pedestrian accidents, they assume the driver of the vehicle is the only at-fault party, but in some cases, the municipality may also bear responsibility.

If you were struck as a result of a broken street light, or if you were struck by a vehicle while walking in a high-traffic area where no traffic control devices were installed, your case may include an element of municipal liability.

The same holds true if you were walking in a poorly placed crosswalk.

For example, if a person is struck by a vehicle while walking in a crosswalk that was installed on a busy street, immediately after a curve, and the street lacked appropriate signage to alert drivers that a crosswalk was coming up, the municipality may be liable for damages.

If you feel your injuries may have been a result of municipal negligence, you’ll want to address your concerns with your lawyer. This could impact the amount of your overall settlement.

Things to Know About Pedestrian Accident Lawsuit Loans

A lawsuit loan is not your typical loan for the following three reasons:

  1. Your eligibility is not based on your credit score
  2. There’s no debt created
  3. If you lose your case, your lender takes the hit, and you owe them nothing

The reason the funder can do that is that lending against a personal injury lawsuit is a reasonably safe bet. This is especially true for automobile-related accidents, since the liability, in most cases, is fairly clear.

What this means, is that the funder can offer you a hefty sum, while charging you incredibly low repayment rates. While a personal loan can have rates of up to 16%, the rate for a typical lawsuit loan hovers around 3%.

If you need help paying your bills, a pedestrian accident lawsuit loan can help you get a portion of your settlement now, while allowing you to pay it back once the case is over.

At Provident Legal Funding, we can get you the cash you need within 24 hours.

While we encourage all plaintiffs to take their time when choosing a lender, we understand time is often an issue. Don’t let your bills pile up unnecessarily.

Requirements for pedestrian accident lawsuit loans

There are only a few factors that contribute to your qualification for funding:

  1. Attorney – Having a lawyer who is willing to work on contingency is usually a sign that your case is strong. Not only is your having the support of a legal professional important to us, but it can also help give us an idea as to how much of your settlement is already allocated.
  2. 18 years old – we are unable to grant funding to minors
  3. Need cash – if you need cash now and have exhausted other methods

If you meet all of these requirements, then congratulations. You are the perfect candidate for pedestrian accident lawsuits. This means that when you apply for a pedestrian accident cash advance with Provident you will get the help you need!

How much pedestrian accident lawsuit funding can I get?

The amount of funding you can receive depends entirely on the value of the settlement. With pedestrian accidents, the value of the settlement can vary greatly. For example, someone whose knee was sprained from the impact will not be seeking nearly the damages as someone with spine injuries.

The maximum amount that funding companies are generally able to give, is 20% of the settlement amount. You will, however, want to bear in mind that taking the full 20% will cut into how much you take home, and yes, the money will still be yours if you only use half of it.

When deciding how much of an advance to take, you’ll want to keep your actual needs in mind; remember, the repayment rate on $10,000 in funding will be higher than the repayment rate on $5,000 in funding.

Working closely with your lawyer can help you figure out how much of your settlement you can afford to lose in interest.

Provident Legal Funding

A driver who is traveling at even 10 miles per hour can severely injure, if not disable a pedestrian.

If you were injured in this type of accident, you’re likely facing serious financial strain. Even if you do have the ability to pay what’s owed, the road to recovery can make it impossible to work. If your income stream becomes interrupted, not only can the financial strain become all to noticeable, it’s the type of stress that can keep you awake at night.

The defendant is aware of that—and they can exploit your situation in hopes of getting you to settle early.

At first, a $50,000 settlement offer may seem like a lot, especially when your rent is due, but after you pay your attorney, are you really left with all that much? If you know you have money coming your way, but it could be months before you actually receive your settlement. Thankfully, pre-settlement funding provides a safe, risk-free solution.

At Provident, we believe in justice, and we believe in empowering plaintiffs. The liable parties should be held accountable for their negligence, and a lack of funds on your part should not let them off the hook.

If you need to get back on your feet after a pedestrian accident, we can help. Call us today and we will help you get on the path to compensation. We can fight this fight together. We will get you the pre-settlement funding you need within 24 hours of approval.

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