Can I get a Cash Advance on my Lyft Case from my Lawyer?

Did you or someone you know sustain injuries while riding in a Lyft vehicle? Are you a driver who was injured in an accident while working for Lyft? As an accident victim, you have the right to pursue a compensation claim for the harm you’ve suffered. However, it’s more than likely that you have questions about the legal process, including how long these cases take to settle and what you can do to make ends meet in the meantime.

We’ve represented countless car accident victims over the years and know how stressful the waiting process can be when you’re short on money. The truth is, settling a Lyft accident case can take anywhere from a few months to several years, depending on how badly you were injured and the long-term implications of those injuries on various areas of your life. Of course, this doesn’t help you here and now, when you’re struggling to pay your bills. The problem is even worse if you’ve had to take time away from work, not just because of your injuries, but due to your inability to cover Lyft’s $2,500 deductible for the damage to your car.

Perhaps you’ve thought of asking your attorney for a loan against the value of your settlement. Early settlement loans are a service we’ve provided for many years at Normandie Law Firm. We believe in treating our clients like family and doing everything we can to alleviate their worries as we fight for the compensation they deserve. To learn more about our law firm’s cash advance program on Lyft accident cases, contact us right away for a free case review.

Can I get a Loan from my Lawyer that is Representing me on my Lyft Accident Case?

A lot of people that contact us are concerned about whether it’s legal for a lawyer to lend money to their clients. We understand why they’re worried, as there are many rules regarding ethical conduct between injury victims and the lawyers that represent them. The last thing you want to do is cross a boundary that puts your case at risk. However, we want to reassure you that it’s legal for lawyers in California to provide loans to a client (according to the State Bar of California’s Rules of Professional Conduct, Rule 1.8.5(a)) as long as the following conditions are met:

• Lawyers can only loan money for reasonable living expenses while a settlement is pending.

Any cash advance from an attorney to their client must be made for the purpose of covering basic living expenses, such as utilities, rent, food, and repairs on a car that’s needed for work.

• Both the client and attorney must sign off on a written contract.

While it’s obvious that the client will pay back the money out of their settlement, a written contract clearly stating the loan terms is required by the State Bar of California.

• The loan terms must be clear and transparent to the client.

The terms of the loan, including the repayment dates and the installment amounts, must be clearly spelled out in a way that’s understandable to the client. In some cases, this may include having the terms explained in the client’s first language. Our law firm has bilingual attorneys who can advise you in Spanish, Chinese, Arabic, and many other languages.

• A pre-settlement loan cannot be used to pressure a client into changing attorneys.  

It’s natural for a Lyft accident victim to seek out another lawyer if their own attorney refuses to give them a loan against the value of their case. The new lawyer cannot use the client’s need for a loan as leverage to pressure them into changing attorneys. Instead, the lawyer must thoroughly review the claimant’s case and ensure that switching lawyers is in their best interest.
Our Recent Verdicts and Settlements

OUR LAW FIRM PROVIDES IMMEDIATE CASH ADVANCES WITHIN 24 HOURS

If you are eligible for an accident claim against Lyft, our law firm will provide you with a cash advance within 24 hours. This way, you won’t have to worry about your finances while you wait to receive your settlement.

If you have an active rideshare accident case with another law firm, you may have been told that lawyers cannot loan money to their clients. While this is not true, your lawyer may consider cash advances to be a conflict of interest. Essentially, they would feel pressured to get their money back as soon as possible, and as a result, they could end up pushing you towards an inadequate settlement. We see this a lot with less experienced attorneys, but that’s not a problem here at Normandie Law Firm. Our attorneys have been winning car accident injury cases for decades and know that rushing the process has negative consequences in the long run. Our priority is to fight for the funds you’re entitled to, no matter how long it takes.

Can I Borrow from a Lawsuit Funding Company?

Most people who come to us for advice have looked into these companies ahead of time and want to know about the pros and cons of borrowing from these places. We can understand the appeal of having fast and easy access to a lump sum of money that’s based on your settlement value. The repayments don’t start until you win your case, meaning you can rest easy in the meantime.

So, what’s the catch, you ask? Mainly, it’s the exorbitant interest rates that you will most likely end up with. Keep in mind that it may take 2 or more years to settle your case, while the interest on these loans accrues monthly. As a result, it’s very common for people to end up with interest payments that are more than the original loan amount.

The important thing is to make an informed decision after speaking to a legal expert who can help you determine the best course of action. During a free consultation at our office, we can discuss all your available legal options, including an early settlement loan on your Lyft accident case.

Can I Switch Lawyers if my Attorney won’t give me a Cash Advance?

Yes, you have the option to continue your case with another lawyer, regardless of where you are in the claims process. Still, this is a big decision that should be based on many different factors, not just on whether your attorney offers cash advances to their clients. To ensure that you’re making the right choice, contact us for a free second opinion consultation. One of our legal experts will provide you with a free case review and make recommendations regarding the steps you can take. If you decide to switch your lawyer, we will take care of the transfer process with your current law firm at no cost to you. A second opinion is just a phone call away, so please reach out to us at your earliest convenience.

What is the Deadline to File a Lyft Accident Lawsuit?

Car accident lawsuits, including those against rideshare companies, must be filed within two years of the accident date, or from the time you discover an injury from the accident. It’s crucial that you take legal action within the two-year statute of limitations. If you exceed the deadline to file a lawsuit, it’s unlikely that the courts will give you more time to pursue a compensation claim against Lyft. Furthermore, evidence to support your case will be harder to obtain the longer you wait to take action on a lawsuit. Call us right away to speak with a lawyer who can assist you with a Lyft accident injury claim.

Average Case Value of a Lyft Accident Lawsuit

Since your cash advance is based on the value of your settlement award, you are probably curious about what your lawsuit is worth. As there are many elements that affect the value of an accident settlement, this is a topic that you will need to discuss with one of our attorneys. However, we can say that cases against Lyft and Uber tend to generate higher values compared to the average auto accident. This is due to the enhanced insurance coverage on these vehicles, as well as Lyft’s $1 million insurance policy for accidents involving their drivers.

There are limitations to this policy, which we can go over with you, but it does explain why so many Lyft accident claims settle within the $250,000 to $500,000 range. If you’ve sustained severe injuries with lifelong complications, the value of your Lyft accident settlement may exceed $1 million.

The Zero Fee Guarantee

An accident causes much more than physical injuries, as we can attest from the many claimants we’ve helped over the years. Financial hardship as the bills pile up is a serious source of stress that no victim should have to put up with. That’s why we are happy to offer early settlement loans if you are eligible for an accident claim against Lyft.

Our services include the Zero fee guarantee to ensure that you are not responsible for any legal fees. We only get paid by winning your case, and at that point, we receive our payment directly from Lyft. This way, there is no risk to your finances while we fight to recover maximum payment for your injuries.

If you’re ready to discuss your rights and legal options, contact us to schedule a free case evaluation.

Other Pages on Our Website Related to This Topic
Getting Lost Pay from Lyft After an Accident

Do I have to Stop Working for Lyft if I have a Pending Injury Case