Litigation Funding for Bicycle Accident Victims in Michigan: A Guide for Victims

Litigation Funding for Bicycle Accident Victims in Michigan: A Guide for Victims

If you’ve been hurt in a bike crash in Michigan, you’re probably dealing with more than just physical pain. You might be stuck with medical bills, unable to work, and feeling pressure from insurance companies. If you’re thinking about filing a lawsuit, money can quickly become a big worry. That’s where litigation funding comes in. It gives you a way to cover your needs while your case moves through the court.

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Understanding Litigation Funding

Litigation funding is a type of financial help for people in lawsuits. It’s not a loan. You only pay it back if you win your case. This means if you don’t recover any money from your claim, you owe nothing. That’s why it’s often called “non-recourse” funding. It’s built to ease the pressure, not add to it.

This kind of funding is used a lot in personal injury cases, including bicycle accidents. When you’re hurt and unable to work, this support helps you pay for living costs while your legal team fights to get you a fair settlement.

Why It’s Needed After a Bicycle Crash

Bike accidents can cause serious harm. Michigan roads are not always friendly to cyclists, and when a car hits a bike, the rider almost always suffers the most. If this happened to you, you may be facing surgery, therapy, and time off from your job. Insurance companies might try to rush you into a low offer. They know you need money fast. Litigation funding gives you the time and breathing room to hold out for what your case is really worth.

How It Works for Michigan Victims

In Michigan, you may have a no-fault auto insurance policy that covers some of your medical bills and wage loss, even if the driver wasn’t found at fault. But if your injuries are serious, you still have the right to sue the at-fault driver. This is where many people turn to litigation funding.

To apply for litigation funding, you need to have a pending legal claim and be working with a lawyer. A funding company reviews your case, often with help from your attorney. If they believe your claim has merit and a good chance of success, they may offer you cash upfront. This money can be used for rent, food, medical expenses, or anything else you need.

- WHAT CLIENTS ARE SAYING -

In June, my wife and I asked our attorney about giving us a loan against any settlement proceeds from our case. He told us that the state bar does not
permit lawyers to participate in the financing of clients. The offer of settlement was very low so the case needed to be filed in court. I called Fast Funds. Within 24 hours, I had entered into an agreement with them, selling a very small portion of the anticipated proceeds to them in exchange for immediate financing. Now my suit is in court and I don't have to worry about money until it's outcome. Thank god for Fast Funds
B.G.
As a result of the advances you have made to our client, we were able to refuse an extremely low settlement offer and take the case to court. We settled the day of the trial for a very generous sum. Had there been no advances by Fast Funds, our client would have had no choice but to accept the inadequate offer since he was in severe debt due to his inability to work. Thank you for your helpful assistance in providing our client with the ability to persevere.
C.F.
I was involved in an accident which took my left leg. I was forced to live homeless for eleven months. Thanks to the Fast Funds people advancing money. I now live in an apartment,I am walking on a prosthetic and otherwise getting my life back together, even though my attorney has not yet settled my lawsuit. I don't know what I would have done for money because the insurance company has offered nothing so far.
A.R.S.
I was involved in an auto accident which caused me to suffer a herniated disc. Because of this injury, I was forced to miss many months of work. I had no income and no place or person to turn to for money. My attorney told me he was unable to help with any financing and the insurance company was refusing to settle the case. I turned to a company called Fast funds. They immediately reviewed my file and took the financial pressure off by providing me with interim financing. I am now able to wait for as long as it takes for my lawyer to achieve a successful result in my case. Without the financial involvement of Fast Funds, I don't know what I would have done.
K.P.
I wanted to thank you for your sensitivity in helping me cope through a very difficult time in my life. Without your help, I would have been unable to pay my rent , forcing my wife and children to be put on the street. I have not been able to return to work and I was tempted to accept the insurance company's very low offer to settle, even though I knew it was not fair or reasonable. You have given me the ability to withstand the financial pressures. Thanks for your help. I will never forget it
C.S.
I have in the past referred clients to Fast Funds Inc., a non-recourse company. The experience of my clients
and my firm were totally positive. Fast Funds was responsive to the clients financial and emotional needs, provided the necessary emergency money and did not interfere in any manner with my handling of the cases. The clients, without my input, negotiated the advance directly with the company. In each case, they were completely satisfied with the final result of the case, including the amount of profit earned by Fast Funds. Non-recourse funding is clearly a valuable tool to the plaintiff's attorney.
M.J.L.
"I am writing to recommend the valuable assistance of the Fast Funds Inc., a company that provided interim funding to financially needy clients. They help to insure that a case will be brought to a successful resolution. A good case in point is when I was offered $75,000.00 for a seriously injured client. Had she not been able to take advantage of the advance financing offered by Fast Funds, I would have been forced to take the money. As it turned out, because my client now had the financial ability to withstand the pressures of time, I tried the case to a jury and received a verdict of $315,000.00.
M.S.D.
It is my belief that non-recourse companies, such as Fast Funds, the company to whom I refer my needy clients, perform an invaluable service to both the client and the attorney. Simply put, it is common knowledge that one of the tools negotiation utilized by insurance companies is time. Offering
considerably less money than the actual case value to a client in desperate need of funds while the case is pending, gives the insurance companies a tremendous advantage. This advantage is minimized and the playing field is leveled when the client has the ability to obtain funds for a minimal portion of the anticipated proceeds. Many times, with no prospects of income, an injured party will settle the case for whatever offer is made.
R.J.F.

 

What You Should Know Before Accepting Funding

Litigation funding is not free money. When your case ends and you receive a settlement or judgment, the funding company will be paid back out of those funds. The amount you repay depends on the original advance and the agreed-upon fee. That’s why it’s so important to read the terms closely and ask your attorney to explain them to you.

In Michigan, litigation funding is not regulated the same way as banks or lenders. That means terms and costs can vary. Be sure to work with a company that is transparent and fair. Your lawyer should help you understand exactly how much you’ll owe and when.

The Risk of Settling Too Soon

After a crash, it’s easy to panic. You might worry that if you don’t settle quickly, you’ll fall behind on rent or won’t be able to take care of your kids. This is exactly the kind of stress that insurance companies count on. They want you to say yes to the first offer.

Litigation funding puts the power back in your hands. When you’re not worried about how to make ends meet, you can make clearer choices about your case. You can give your legal team time to build the strongest claim. And you can make decisions that are best for your future, not just for your next bill.

Common Questions from People Just Like You

Many bike accident victims in Michigan wonder if litigation funding is right for them. Some worry that it’s risky. Others aren’t sure if their case is strong enough. The truth is, not every case will qualify. But if you’ve been seriously hurt and your case is active, it may be a good option.

One of the most common concerns is whether this will affect the outcome of your case. The answer is no. Litigation funding doesn’t influence your lawyer or the court. It simply gives you space to breathe and time to fight for fair compensation.

Related Videos

Applying For Lawsuit Funding

Types of Cases We Fund

Why Timing Matters

Every state has deadlines for filing injury claims. In Michigan, you usually have three years from the date of the accident to file a lawsuit. But don’t wait until the last minute. The sooner your case is filed and in progress, the sooner you can seek funding if needed.

Waiting too long can also weaken your case. Evidence disappears. Witnesses move away. And your financial stress may grow. Talking to a lawyer early can help you protect your rights and get the help you need.

What to Look for in a Funding Company

Not all companies are created equal. Look for one that works closely with your attorney and keeps you informed. They should offer clear, simple terms. There shouldn’t be hidden fees or surprise costs.

Ask these questions. How much will I owe if I win? What happens if I lose? How long will it take to get the money? A good funding partner will answer all of these without pressure or sales talk.

How Fast Funds Can Help

At Fast Funds, we understand what you’re going through. If you’ve been hurt in a bike crash in Michigan and you’re struggling to keep up, litigation funding may be what you need. We work directly with your legal team to review your case and get you help quickly. We don’t ask for upfront payments. And you don’t pay us back unless you win.

You’ve already been through enough. Don’t let money worries force you into a bad deal. Let us help you stand strong and fight for what you deserve. You don’t have to do this alone. Reach out to Fast Funds now and let’s talk about your case. Your path to peace of mind could start today.

To learn more about this subject click here: Michigan Bicycle Accident Claims: Accessing Litigation Funding Support