Defective Tire Accident Legal Funding

Financial Support for Defective Tire Accident Cases

If you’re caught up in a defective tire accident case, you might be facing hefty medical bills and lost earnings. These legal proceedings often take a long time to reach a conclusion, and it can be financially draining. Uplift Legal Funding can help by providing you with the necessary funds to sustain yourself during this period.

We offer a lifeline, helping you to stay afloat while your settlement is being negotiated or your lawsuit proceeds through the often slow court system. With our quick, easy, and risk-free process, you can concentrate on recovery and let us worry about the financial aspect.

Our main focus is to reduce pressure on you by providing cash advances against your future settlement. When dealing with the complexities of a defective tire accident claim, having a firm financial footing can make a massive difference.

National statistics and fatality

In 2017 there were a total of 738 tire-related fatalities. National statistics from 2015 reveal that there were a total of 15,000 tire-related accidents.

Between the years 2005 and 2007 tire-related issues were a precursor to a total of 19,320 accidents.

This means that tire issues were a precursor to nearly 44% of all accidents during those years.

Tire issues directly caused a total of 192,277 accidents between 2005 and 2007. That accounts for nearly 5% of all accidents during those years.

Types of Defective Tires

First, let’s discuss the common types of defective tires. This can help when determining who is responsible.

• Old tires – the older the tire is, the more rubber degradation occurs
• Manufacturers – should know not to sell old tires. If they do, they should be held liable
• Tire blowouts – tire blowouts can be caused by sidewall failure or other defects
• Tread separation – often caused by a manufacturing defect or design

Preventative measures

There are some key preventive measures you should take in order to make sure defective tires aren’t the reason for an accident:

• Tire pressure – make sure to check your tire’s pressure routinely
• Tire tread – make sure the treading on your tires aren’t too worn
• Balance and alignment – have a technician check the balance and alignment
• Tire rotation – rotating tires helps prevent uneven wear
• Tire size – always make sure you get properly sized tires

Defective Tires and Personal Injury Claims

Did you suffer injuries as the result of defective tires? When you file a claim, the first important factor to determine is who is responsible for the defection and ultimately your injuries. Think about the above types of defective tires to help trace the blame back to the defendant. Was it a manufacturing error or a design error? This will determine where the blame gets placed.

What damages are available in a defective tire lawsuit?

The damages that you can receive for your defective tire lawsuit depending on the severity of the injuries that you have sustained.

Generally, you will be able to collect compensation for the following damages:

• Property damage -the damage done to your car
• Medical expenses – if you sustain any injuries as a result of the accidents you can seek compensation

You may seek the following damages if you had severe injuries that affect your standard of living:

• Loss of consortium (loss of affection) – if the injuries you sustain has caused intense stress on your relationship you can pursue loss of affection
• Pain and suffering – this is your measured damages multiplied by a number between 1.5 and 5
• Loss of wages – if the injuries prevent you from working you can seek lost wages
• Loss of earning capacity – if the injuries you have sustained have permanently affected your ability to work you can see loss of earning capacity

How do I prove the defective tire caused the accident?

There are different steps that you have to take in order to prove different types of defective tire accidents.

In order to prove it was a liability on behalf of the tire manufacturer, you must provide the following evidence:

1. The defendant manufactured and sold the tire
2. The tire had a manufacturing defect when it left the defendant
3. The plaintiff sustained an injury
4. The injuries were a result of the accident caused by the defect

If you do not think it was a manufacturing defect but a design defect you may also place liability there. A design defect is when a tire does not meet its safety requirements or when the benefits do not outweigh the risks of the tire design.

If you believe there was a tire design defect you would have to prove the following:

1. The defendant manufactured and sold the tire
2. The tire did not perform as safely as any ordinary customer would expect
3. The plaintiff was injured
4. The injury was a result of the tire failing to perform safely.

The manufacturer, distributor, and seller can also be held liable for the defective tire accident if they did not give proper warnings and safety advice about the product.

In order to prove this, the plaintiff has to provide:

1. The tire was manufactured and sold by the defendant
2. The defendant knew of risks associated with the tire
3. The risks presented themselves when the tires were used in ordinary and intended ways
4. Ordinary customers would not know of the risks
5. The defendant did not warn the plaintiff about the risks
6. The plaintiff was harmed as a result of inadequate warnings

FAQs

Below we have answered some commonly asked questions about defective tire accident lawsuit loans.

What are the potential pitfalls for defective tire accident loans?

Legal funding is expensive! The main pitfall of defective tire accident loans is that they are very expensive.

Even though Uplift offers some of the lowest rates possible, it can take a long time for a defective tire lawsuit to be settled.

Some legal funding companies offer upwards of 100% in rates. This means you could potentially take out a small cash advance and have to pay back tenfold when your case settles.

Why is it important to have a reputable lender like Uplift for my defective tire accident loan?

It is important to employ a reputable lender like Uplift Legal Funding because you want someone who is on your side.

Because lawsuit loan companies are still largely unregulated in most states, most legal funding companies can charge whatever they would like in rates. This means that they may charge you over 100% in rates while you battle your lawsuit.

Once you win your lawsuit you may have to pay back more than what your settlement was in repayment. This is why you want to get a reputable company.

Uplift Legal Funding prides itself on being a reputable company that charges the lowest possible rates. We know that you absolutely need this legal funding and we want to help you.

If you do not win your case then you do not have to pay the pre-settlement funding back. And if for whatever reason your settlement is smaller than the amount of legal funding you need to repay, you do not have to pay the full amount.

What pre-settlement funding alternatives do I have?

There are several alternatives to car accident lawsuit loans. It is important to explore your options before committing to legal funding.

1. Charities – there are a number of charities that fund accident victims
2. Government assistance programs – there are government assistance programs such as social security and food aid programs
3. Friend and family – you can ask to borrow money from friends and family
4. Refinance your home – you can take out a second mortgage on your home
5. Legal funding – Legal funding should be your last resort. While at Uplift we offer the lowest rates possible, legal funding is expensive!

Lawsuit Loans for Defective Tire Accidents

The possibility of multiple defendants can make your case stronger. If brake failure is due to a manufacturing defect, you may have a case against the manufacturer even if your car caused the accident. Typically, a product liability component to an injury case can increase settlement value and therefore lawsuit loan amount.

Uplift helps plaintiffs survive lengthy car accident lawsuits with 24-hour approval on car accident lawsuit loans. Apply online or give us a call anytime at (800) 385-3660.