Like any vehicle, an Uber or Lyft car can end up in an accident. If you suffer a collision as a rideshare passenger, you may face a painful, costly recovery and a long process of negotiating a settlement. You will likely collect compensation eventually, but who will cover your costs in the meantime?
Are your savings dwindling fast after an Uber or Lyft crash? Rideshare accident legal funding can provide the financial support you need until you collect a settlement. You could also apply for a lawsuit loan if you’re an attorney representing Uber and Lyft accident victims.
How Rideshare Accident Legal Funding Works
Essentially, pre-settlement funding is an advance against the compensation you expect to collect following your rideshare accident claim. Whether you’re an accident survivor or a lawyer representing the case, a legal loan can give you quick access to funds while you work on proving fault and negotiating with insurance companies.
Proving liability after rideshare accidents isn’t always straightforward. For example, if the driver wasn’t logged into the rideshare app, seeking coverage through Uber or Lyft might not be possible. Instead, the claim would target the driver’s insurance directly. In some instances, two or more motorists may share liability, and it could take a long time to process several claims.
When a rideshare accident case drags on, it puts the accident survivors and their families in an impossible situation. A pre-settlement loan can relieve the financial strain of endless medical bills and other costs.
Who Qualifies for a Pre-Settlement Loan After an Uber or Lyft Accident?
When we review pre-settlement loan applications at Rockpoint Legal Funding, we evaluate how likely you are to win the case and also what settlement you may expect to collect. Then we make a funding offer based on these factors.
If you have strong documentation proving the Uber or Lyft driver’s liability, you’re likelier to be eligible for a pre-settlement loan. The loan amount would depend on the estimate of your case’s worth. Police reports, medical records, witness statements, and other supporting documentation may all improve your chances of qualifying for rideshare accident legal funding.
Why You Should Consider Personal Injury Legal Funding
Even if you have a strong case and work with a skilled lawyer, a few months will probably pass before your rideshare accident claim settles. A case can take longer if the liable insurance company denies your claim or disputes the extent of your losses, or if several drivers are responsible.
Moreover, if you suffered a catastrophic injury, it may be unclear at first what type of long-term care you may need and whether you’ll be able to return to work in the future. You may have to wait until you reach maximum improvement to calculate your losses correctly. Your lawyer may also recommend taking your case to court if the other side refuses to make a reasonable settlement offer.
During this time, you still need money to live on and to pay for your medical care. If you don’t have reserves to tide you over, you may experience tremendous financial strain. Rideshare accident legal funding can give you relief and remove the pressure to accept any settlement offer because you’re desperate for cash.
How Litigation Funding Helps Lawyers
If you’re a lawyer representing Uber and Lyft accident victims, you can also benefit from quick, secure, non-recourse legal funding. Personal injury law firms usually work on a contingency basis, so you’d only collect a payout if and when you settle a case.
You may suggest litigation to your client if a standard claim process doesn’t work out. Your client then may hesitate, because going to court usually means waiting much longer to collect a settlement or an award. It’s hard to keep up a legal battle without financial support.
With a litigation loan, it’s easier to make strategic decisions in an Uber or Lyft case. You can use the funds to assist your clients and cover litigation costs. Less financial pressure means a stronger position to keep negotiating for a better offer on your client’s behalf.
How To Apply for an Uber/Lyft Legal Loan
Applying for rideshare accident legal funding is easy. At Rockpoint Legal Funding, we understand the need for fast financial support after an accident, so we try to process each application as quickly as possible.
All you need to do is:
- Submit an initial application. Complete our brief online form and we’ll contact you soon with more details.
- Wait while we evaluate your case. We may talk to your lawyer and ask for supporting documentation.
- Accept a loan agreement. If we approve you for a loan, we’ll forward a detailed agreement. You can expect to collect the funds shortly, typically within 24 hours.
That’s it! There are no surprises. You’ll know exactly how much you’ll have to repay, and you can use loan funds right away to cover your medical bills or day-to-day expenses.
How Is Pre-Settlement Funding Different From Traditional Loans?
A personal injury settlement loan differs from standard loans in two main points: eligibility requirements and repayment conditions.
Unlike a traditional loan, a pre-settlement loan doesn’t require a credit check, proof of employment, or collateral. Acceptance depends on your case evaluation only. Moreover, repayment depends entirely on the case settlement: you only repay when the case successfully resolves.
What If You Lose Your Uber/Lyft Lawsuit?
A legal loan is non-recourse, so if you don’t win the case, you don’t need to repay us. It’s a zero-risk system for rideshare accident survivors and attorneys representing them.
Call Rockpoint Legal Funding Today To Apply for an Uber/Lyft Pre-Settlement Loan
Are your bills mounting up after you suffered serious injuries in an Uber or Lyft accident? Are you a lawyer representing a client in a complex rideshare collision case? Consider applying for a lawsuit loan with Rockpoint Legal Funding. Our transparent, non-recourse, capped-fee legal loans can help you preserve financial stability until your case settles.
Call (855) 725-1187 or contact us online to apply for rideshare accident legal funding today.
