New York Legal Funding
Quick Pre-Settlement Loans in New York
- Cash in advance
- No-win, no-fee
- Qualify in minutes
- Rapid and easy process
Are you a New York resident hustling through an on-going personal injury lawsuit?
The busy life of New York is quite unforgiving to people engaged in legal battles. You start missing work because you have to go to the court, your bills begin to pile up, house rent and mortgage hover over your head like dark clouds and on top of that if you have to pay for medical bills, the burden becomes too heavy to carry. That’s when Rapid Lawsuit Funding steps in. We provide legal funding to plaintiffs in New York as cash in advance.
Personal Injury Lawsuits in New York are convoluted and lengthy. They take ages to resolve and insurance companies take advantage of this thing. They drag out the whole legal proceeding to drain the plaintiff financially as this helps them gain the higher negotiating ground. But you don’t have to settle for less than you deserve, you fight that legal battle till you get your rightful settlement and leave your financial woes to Rapid Lawsuit Funding.
At Rapid Lawsuit Funding, it’s quick and easy. You apply for a lawsuit funding and within 24 hours of application processing, you can acquire your lawsuit loan. You are free to spend this loan in any way you desire and it is non-recourse – you don’t have to pay back a single dollar if you lose your case.
New York Lawsuit Loan Requirements
The first step to file your application for lawsuit loan funding in New York includes providing your name, valid contact number and your attorney’s details.
- 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 and Regulations of Lawsuit Funding in New York
Important New York Legal Information
Avg. Funding per lawsuit from Rapid Lawsuit Funding: Rapid can fund anywhere from $500 up to $2,500,000 depending on the value of your pending lawsuit.
Fault Laws: Pure Comparative Fault Plaintiff will be held liable if they share the blame, but they won’t be termed ineligible.
Statute of Limitations: 3 years
Minimum policy limits for bodily injury & property damage: $25,000 bodily injury liability per person $25,000 property damage liability per accident & $50,000 bodily injury liability per accident
Minimum UIM auto insurance limits: Liability Scenario: 25/50/10 UM BI: 25/50 PIP: $50,000
Workers compensation eligibility: Ineligible
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Testimonials from our Clients
Rapid Lawsuit Funding has already given out millions to accident victims across the country!
New York Personal Injury Law and its effect on Legal Funding?
The legislative authorities of New York do not bar lawyers from suggesting legal funding or lawsuit loans, however, they have a few reservations against the influence that a funding company may have over the settlement of the case. The Bar association finds that certain funding companies exert undue pressure or influence on the legal proceeding. The lawyer must be able to convince the court that the legal proceeding is free from all such influences in order to be able to acquire lawsuit funding in New York. New York Rules of Professional Conduct (1.8(f)(2), 2.1, and 5.4(c)) direct attorneys to state that third-party lawsuit funding companies must not try to influence their professional decisions.
Another litigation for third party funding companies is that they have to state the amount of lawsuit funding received by the plaintiff as cash in advance, the return rate of this loan and the amount due after every six months. New York legislation also provides the plaintiffs the liberty of canceling the arrangement within five working days without any fines. The attorney of the lawsuit is also bound to explain all these terms and conditions to the complainant before the funding begins.
The statute of limitations for these lawsuits limits the time period within which the plaintiff is required to file a lawsuit to 3 years. So, the victim has to file a lawsuit within 3 years of the accident. After this time limit has expired, the victim is no longer deemed eligible for compensation. When it comes to filing a personal injury lawsuit against the Government or any of its entities, the statute of limitations grants a period of 90 days to the plaintiff to file a claim. A period of 1 year is given to plaintiffs to file a proper lawsuit.
The fault law that operates in New York is Pure Comparative Negligence. Unlike some other states which bar the plaintiff from any compensation if they are 51% at-fault, the courts of New York contemplate the fault percentages of all the parties involved and then work out the settlement amount based on those percentages.
In New York, the no-fault car insurance rule applies to road accidents. In accordance with this rule, the plaintiff relies solely on their insurance companies to pay for the economic damages incurred in the accident. Only accidents that incur significant injuries qualify for personal injury lawsuits against the responsible party. The compensation in personal injury cases has two shades: the non-economic damages which comprise of the pain and suffering of the plaintiff and the economic damages which account for damages, bills, and lost wages.
Distinguished Personal Injury Lawyers in New York
Here’s a list of highly qualified and seasoned lawyers in New York who will be delighted to take on your personal injury lawsuit:
- Stephen Bilkis
- 100 Park Ave, 16th Floor
- NY 10017
- Scott Michael Duquin
- 155 Summer Street
- Buffalo, NY 14222
- Jeff D. DeFrancisco Esq
- 510 Clinton Square #510
- Rochester, NY 14604
- Joseph A. Marra
- 909 Midland Ave
- Yonkers, NY 10704
- Michael Bersani
- 224 Harrison St #308
- Syracuse, NY 13202
- Lee Carey Kindlon
- 52 James Street
- Albany, NY 12207
Car Accident and Fatality Statistics in New York
The busy roads of New York spare few. Car crashes are the prime cause of fatalities in the state of New York. Reports from the U.S. Department of Transportation’s Fatality Analysis Reporting System suggest that every car crash in the state of New York is fatal for at least one person. In just one year 933 crashes were reported with 999 fatalities.
Rapid Lawsuit Funding understands that plaintiffs in New York need lawsuit funding for personal injury cases related to road accidents including light vehicle accidents as well as heavy vehicle accidents.
Contact our team of legal genies to get your case evaluated absolutely free of cost. Get in touch with our legal experts for all kinds of information regarding personal injury lawsuit funding.
Reach out to us today for a free evaluation of your lawsuit and get more information about pre-settlement funding in New York
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New York Lawsuit Funding FAQs
Do I qualify for pre-settlement lawsuit funding in New York?
You are eligible for lawsuit funding in New York if you are a victim of an accident that caused you a personal injury. Residents of New York who have sustained such injuries in an accident are eligible to apply for a lawsuit loan.
Do you provide a lawsuit loan or cash advance?
Plaintiffs acquire lawsuit loans in the form of cash in advance. You don’t have to pay the loan back until you have settled your lawsuit. Rapid Lawsuit Funding operates on a no-win, no-fee basis, i.e., in case you lose your case you don’t have to pay back anything.
Does it matter how I spend the lawsuit funding?
No, it does not. How you spend the lawsuit funding is totally up to you. Plaintiffs use the cash in advance lawsuit funding to pay for their medical bills and to cater to other daily expenses. The funding company does not put any restrictions on where the money should be spent.
Apply For Lawsuit Funding in New York Now
The process of applying for lawsuit loan funding in New York is swift and smooth. With Rapid Lawsuit Funding, you can get the compensation amount you actually deserve. Our team of legal experts is there to assist you throughout your lawsuit journey in New York.
Still have some questions?
Call us toll-free at (800) 581-7202 to speak with our team of legal loan funding specialists today.