Car accidents are a leading cause of injuries and fatalities in the Bronx, NY. If you or a loved one has suffered personal injury as a result of a motor vehicle accident, it can be a time-consuming process to receive the settlement from the litigation. In this situation, you can apply for a lawsuit loan for your car accident case, which will help you with medical and household expenses till you receive the settlement amount.
Steps to get money before settlement in the Bronx, NY
Lawsuit loans in the Bronx can be easily obtained when you reach out to a dedicated lawsuit funding company. A simple 3-step process to apply for an advance on lawsuit settlement is as follows:
- Apply for the pre-settlement loan with no credit checks
- Discuss your motor vehicle accident claim with your lawyer
- Receive lawsuit cash advance directly in your account upon approval
Your pre-settlement funding company will send a DocuSign contract to you and your lawyer. Once you sign and execute the contract, the lawsuit loan provider can wire transfer the funds to your bank account directly. They may also send you an overnight check or even pay via Western Union, depending on your preference.
State law regarding lawsuit loans in the Bronx, NY
According to the New York State Bar Association, attorneys are not allowed to provide legal funding directly to the plaintiff. However, they can assist their clients to obtain a lawsuit cash advance from third parties.
Previous motor vehicle accident cases in the Bronx, NY
In a prominent motor vehicle accident case, the individual was traveling in a bus, where the driver had to apply the brakes all of a sudden. As a result, the person fell to the floor and suffered a herniated disc on the neck that required surgery. Although the bus company tried to make it appear as if the person was drunk at the time, the jury finally awarded the plaintiff a settlement of $1,525,000.
In another case, a 74-year-old woman was crossing the street at Fordham road in the Bronx, NY when a car struck her. The car operator testified that the plaintiff had the right of way as she was not on the crosswalk, and as a result of jaywalking. The woman suffered a fractured fibula and humerus, which required surgery. The jury awarded the woman a $700,000 verdict.
Statistics on motor vehicle accident cases in New York City
On average, 292 fatalities related to motor vehicle accidents occur in New York City each year. There are 6,207 hospitalizations in NYC owing to motor vehicle accidents every year, and emergency department visits are 106,612 every year in NYC.
Average time to get a lawsuit loan in the Bronx, NY
The average time to get money before settlement (legal funding) in the Bronx, New York is between 24 and 48 hours. In some cases, the approval process can take more or less time depending on certain factors.
Factors delaying getting the lawsuit loan
- If the case is more complex the lawsuit loan approval process may take more time. Motor vehicle accident lawsuit loans generally get processed quickly. With that said, if there is an additional factor, such as product liability, it can complicate the process.
- Not providing information to the attorney as quickly as possible can also delay the loan approval process.
Factors expediting loan approval
- Providing clear evidence of the defendant being responsible or at fault for the plaintiff’s injuries.
- These can include police reports, medical reports, and incident reports.
Dangerous roads and intersections in the Bronx, NY
If you live in the Bronx, NY, there are certain intersections and areas that are known to have the highest cases of motor vehicle accidents. It’s vital to be cautious and aware of these intersections so that you can avoid accidents of any magnitude. Some of the most dangerous intersections in the Bronx, NY include:
- Bronx River Parkway and East 177th Street
- Cross Bronx Expressway and Jerome Avenue
- Jerome Avenue and Clifford Place
- University Avenue
Major causes of motor vehicle accidents in NY
There are a few major causes that contribute to the rising cases of motor vehicle accidents in New York. These include driver inattention or distracted driving, excessive speeding, following another vehicle too closely, driving while impaired or intoxicated, inability to yield to pedestrians, failure to stop at signals and red lights, and improper passing or lane changes. In certain instances, if a driver backs up unsafely, that can also cause an accident.
Hospitals and medical centers in the Bronx, NY
If you or a loved one has suffered a motor vehicle accident in the Bronx, NY, either as the driver or the passenger, it’s crucial to receive timely medical help. You can receive treatment at some of the major hospitals in the Bronx, NY such as:
- Bronx-Lebanon Hospital Center
- Calvary Hospital
- Albert Einstein Jack D Weiler Hospital
- Eathar Saad
- St. Helena Hospitals
The cost of healthcare in New York
The average cost for health insurance in New York is $700 a month. On a yearly basis, this translates to around $8,000 for an individual. The state insurance marketplace provides affordable health insurance in New York.
Based on this, if your income is below the federal poverty level, you can apply for Medicaid. With that said, healthcare costs in New York remain one of the highest compared to other states in the US. In fact, healthcare costs in the state are $1,910 per person above the national average.
Choose competitive lawsuit funding from Direct Legal Funding
New York has one of the highest healthcare costs compared to other states in the US. If you are pursuing litigation towards your motor vehicle accident settlement, it could take several months or even years. During this time, your medical bills, household expenses, and other costs can add up exponentially. Timely financial support can provide much-needed relief in such a situation.
At Direct Legal Funding, we provide loans on pending lawsuit settlements in a hassle-free manner. Our loan application process is swift, and we may be able to deliver the money to you within as little as 24 hours after approval. You can complete our online application form or call us at 866-941-5588 to get started today!