Minnesota Legal Funding
Get a lawsuit loan in Minnesota today and take care of your family’s need as you should. Don’t accept a low payout from your insurer just because you are broke. Get our loan and negotiate for the maximum payment possible.
- Qualify quickly
- Payback $0 if you lose
- Get cash within 24 hours
- Lowest payback rate guaranteed
Are you dealing with a personal injury lawsuit in Minnesota?
If you are dealing with a personal injury lawsuit in Minnesota, chances are that you are also having financial difficulty. It’s a common occurrence for plaintiffs across the country, so you are not alone. Many find themselves grappling with ballooning medical costs from the injury, while others find themselves out of work. Others find themselves unable to pay the most basic bills for their families, such as utilities.
The nature of personal injury lawsuits is that they tend to drag on, sometimes longer than a plaintiff can handle. Because the verdict can make or break the defendant, lawyers try to exhaust every potential trick to win. This usually translates to weeks and weeks of motions, sometimes extending to years. In the meantime, an injured plaintiff has to wait.
Sometimes, the wait occurs after a settlement has been reached. Insurance companies know that plaintiffs tend to be rather needy financially, so they stall settlement negotiations until the plaintiff accepts less. Sometimes, compensation will take forever to get paid out. How do you care for your family during that time?
Rapid Lawsuit Funding has the solution you need.
With our pre-settlement loan in Minnesota, you can take care of your family and pay off your immediate bills as you wait for that trial to end. You don’t have to settle for a low payout from your attacker’s insurance provider just because you are broke. You can wait for more.
Our lawsuit funding process is very easy. You can apply in minutes; eligible applicants can receive cash within 24 hours. You can apply for lawsuit backing in Minnesota at any stage of your trial, and we shall help you. Let Rapid Lawsuit Funding help you get the justice you deserve.
Lawsuit Funding Requirements in Minnesota
To apply for a lawsuit loan from Rapid Lawsuit Funding in Minnesota, you need to give us your name, your telephone number, and your lawyer’s contact information.
- No Background Credit Checks
- Rapid Lawsuit Funding does not look into your credit history or consider it in order to offer you a cash advance.
- Simple Application Process
- Our application process takes mere minutes, and all we need is a conversation with you to fill out the paperwork.
- Only Pay Back When You Win
- Rapid Lawsuit Funding’s pre settlement loans are non-recourse, which means that if you lose your lawsuit, you don’t have to pay back our cash advance.
Laws on Lawsuit Funding in Minnesota
Legal Lawsuit Funding Information for Minnesota
Average Funding per case from Rapid Lawsuit Funding in Minnesota: $5000 Nova can fund anywhere between $500 and $2,500,000 of a lawsuit depending on its analyzed value.
Fault Laws: Modified Comparative Fault – 51% Bar Defendant’s liability will be reduced in proportion to the plaintiff’s fault, as long as the plaintiff’s fault is less than the defendant’s fault. If the plaintiff is 50% at fault, and there are multiple defendants, each less than 50% liable, the plaintiff is barred from recovery. M.S.A. § 804.01(1)
Statute of Limitations: 2 years Ch. 541, Sec 541.05, 541.07
Minimum policy limits for bodily injury & property damage: $30,000 bodily injury liability per person $60,000 bodily liability injury per accident $10,000 property damage liability per accident $25,000 uninsured/underinsured motorist coverage per person $50,000 uninsured/underinsured motorist coverage per accident $40,000 personal injury protection
Minimum UIM auto insurance limits: Liability: 30/60/10 UM/UIM BI: 25/50 PIP: $40,000
Workers compensation eligibility: Not Eligible
Minnesota law recognizes lawsuit funding and allows it. Lawyers are allowed to advise their clients to seek legal funding if necessary. Third-party funders in Minnesota are largely self-regulated, so you will need to choose wisely when selecting a funder.
Rapid Lawsuit Funding, like any other third-party funder in Minnesota, is not allowed to back workers compensation lawsuits. That is because state law in Minnesota requires workers to have workers’ compensation insurance from which they can draw if they are injured at work. In cases where the employer is found not to have this insurance, they must pay out $1000 in fines for every week the business operated without insurance.
If a plaintiff is found to owe an employer compensation in Minnesota, but the employer can’t pay it, then they can seek retribution from the Minnesota Special Compensation Fund, which pays on behalf of such employers.
According to Minnesota law, plaintiffs are not allowed to seek funding from more than one source for the same lawsuit. If you have already sought funding (and received it) from a third-party funder for your lawsuit, you are automatically ineligible for a loan from Rapid Lawsuit Funding for the same lawsuit.
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What Our Clients Are Saying
We have already backed lawsuits with over $25m+ countrywide!
Minnesota Personal Injury Law: How it affects lawsuit funding
The statute of limitations in Minnesota is two years for personal injury claims, and victims are expected to file their claims in court within this time. Beyond this allocated time, lawsuits are often never considered at all. The two years are calculated starting from the day you presumably sustained the injury.
Like many other states, Minnesota operates under the comparative fault principle when assigning responsibility to parties in a suit. According to state law, plaintiffs can collect damages even if they are 40% responsible for their injury. The limit is 50%, at which the responsibility is shared equally with the defendant, and no compensation is allowed. The comparative fault doctrine allows the plaintiff to pay for their share of responsibility. If a plaintiff is found to be, say 10% responsible for their injury, then the defendant’s responsibility drops to 90%, and 10% is deducted off whatever damages the plaintiff gets to collect.
Damages in personal injury lawsuits are calculated from both economic and non-economic damages. The state of Minnesota does not have any caps on both economic and non-economic damages, which means that plaintiffs can be awarded any amount of money for their trouble in a settlement. This rule extends to intangible damages such as suffering and pain, even in cases of death and medical malpractices.
Minnesota is a no-fault state as regards auto accidents. This means that you have to use your own auto insurance to cover your personal injury claims up to a certain limit, regardless of who was at fault in the accident. This means that you cannot just take a personal injury case to court seeking damages. You can only do so if you have incurred more than $4000 personally in serious medical expenses or suffered extensive physical damage to your face, such as serious disfigurement, for at least 60 days.
Even in this scenario, the plaintiff can only file a personal injury lawsuit to recover damages in excess of the personal injury protection benefits offered by their own insurance policy. If the benefits cover all expenses, one cannot sue.
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Top Personal Injury Lawyers in Minnesota
For personal injury victims in Minnesota, there is a silver lining. The state is home to lots of talented advocates trained in the art of getting you justice. Some of the best include;
- Fay & Associates
- LLC 619 S 10th St
- Minneapolis, MN 55404
- Sand Law
- LLC 332 Minnesota St, Ste. W2402
- Saint Paul, MN 55101
- Suk Law Firm
- 5 E Center St, #200
- Rochester, MN 55904
- J D Haas and Associates
- PLLC 9801 Dunpont Ave S #430
- Bloomington, MN 55431
- Schneider, Baudler & Abbott
- PC 8525 Edinbrook Crossing #208
- Brooklyn Park, MN 55443
- Dovolas & Vande Vegte Attorneys at Law
- 12800 Industrial Park Blvd
- Plymouth, MN 55441
- SiebenCarey Personal Injury Law
- 11 E Superior St #240
- Duluth, MN 55802
Car Accident Fatality Statistics in Minnesota
Minnesota currently ranks high among states with high traffic accidents. In 2017 alone, the state recorded 78,465 traffic crashes involving nearly 176,000 people and 145,168 cars. Over 358 fatalities were recorded from all accidents in addition to 29,412 injuries.
It’s quite common for traffic accidents to happen in Minnesota. If you have been injured in one such accident, you have a few options regarding compensation. Rapid Lawsuit Funding can help you fund your personal injury lawsuit without any unnecessary strings attached. We consider the traffic accidents below the most:
- Pedestrian accident
- Car accident
- Tractor-trailer accident (truck accident)
- Bus accident
- Bicycle accident
- Motorcycle accident
Talk to one of us at Rapid Lawsuit Funding at (800) 581-7202 to get started on your loan.
Frequently Asked Questions about Minnesota Pre Settlement Loans
How do I qualify for a pre-settlement loan in Minnesota?
The moment you decide to sue for personal injury inflicted by a third party in a Minnesota court, you automatically qualify for a lawsuit loan from us. Rapid Lawsuit Funding considers eligible for a loan any individual in the state who has sustained a personal injury of any form and wishes to or has already started the suing process. We have more advanced criteria for a successful loan application, but before that, this is how you become eligible.
Can I get a lawsuit loan or cash advance only? What is the difference?
At Rapid Lawsuit Funding, we provide a cash advance formally known as a lawsuit loan or lawsuit funding. There is no difference between the two. When you apply for a loan from us, and you are successful, we send you a cash advance to support you through the trial. Being a cash advance, you get to pay us back when you win your lawsuit.
Are there specific ways I must spend my cash advance?
There is no set rule of guidelines regarding how you can spend the cash advance we give you because we respect the judgments of our clients. Whether you choose to spend it on your medical bills or spend it on your family’s mini-vacation, all we care about is the support it provides. We hope that our loan can help you wait for a better settlement rather than accepting the first offer out of the gate.
What do I do about the loan if I don’t win my lawsuit?
It is always a plaintiff’s worst fear that they will not win their lawsuit. That fear gets worse for plaintiffs whose ability to pay back a lawsuit loan depends on whether they win or not. If you apply for a loan through Rapid Lawsuit Funding, know that you are safe from unnecessary payback demands if you lose the case. Our loans are non-recourse; you only pay back if you win.
Can I get a lawsuit loan without my lawyer’s knowledge?
It is possible to apply for a lawsuit behind your lawyer’s back in Minnesota. In fact, some lawsuit funders will have no problem with that. At Rapid Lawsuit Funding, we prefer that you tell your lawyer about the lawsuit funding for legal and trust purposes. While you can apply for a loan behind your lawyer’s back, we are still obliged to tell him/them about it anyway.
Apply For Lawsuit Funding in Minnesota today!
Rapid Lawsuit Funding has more years of experience in the legal funding business than many other alternatives. You can count on it to guide you properly until you win your lawsuit and get the settlement you deserve. We’ve made our loan very simple to access and very safe to use. Talk to one of our experts to get the funding you need.
Call one of us at (800) 581-7202 to get started.
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If you still have questions?
Call one of our experts at (800) 581-7202 to get any answer you are looking for today.