A study from the University of California San Francisco found that medical costs are soaring in bicycle accidents. As going by bicycle gets more popular, costs have risen by $789 million annually. Between 1997 and 2003, there were 3.8 million non-fatal accidents and nearly 10,000 deaths. A large portion of bike riders are people ages 45 and older, which adds to the costs of the accident. Older bodies get damaged more easily and take longer to heal than healthier people. Also, with more people using bicycles without proper road improvements, like in Europe where cycling is far more popular, the risk goes up. It’s clear from the data that bike accidents are quite expensive and happen often enough to make them a common theme in injury lawsuits. Plus, due to the lack of crash protection, many riders find they can’t work or afford to pay for care while they wait on their lawsuits.

When you can’t pay a loan back, that’s called a default. When someone defaults on a loan, the lender may have legal recourse to seek the money they’re owed in other ways. You could have your property seized or your wages garnished to cover the bill. A non-recourse loan removes that option. Lawsuit Loan is only allowed to take money from your settlement. If you “default” by losing your case or getting less than your loan amount, we can’t get paid back. We feel this is the fairest way to offer funding to plaintiffs in a financial bind. Think of how terrible it would be if you lost your case and had to face even more debt than when you started! There’s no justice in that. We take our time to scrutinize cases before extending loans to protect our business, but there is no risk for you to apply or to take our loan.

Fill out the form below for a free consultation and quote.