Virginia Legal Funding
Quick Virginia Pre-Settlement Loans
- Receive your cash in 24 hrs
- Guaranteed low rates
- Takes no time to qualify
- You don’t pay if you lose
Are you waiting on a pending personal injury lawsuit, living in the state of Virginia?
We know that it can be a difficult financial situation for you to deal with if you’re in the midst of a lengthy legal battle. This can be an incredibly difficult situation to deal with, and the financial strain can be a lot more than you bargained for. We understand this at Rapid Lawsuit Funding, and we’re here to help you. The team at our location is waiting to assist you and get you on the track to receiving financial support immediately.
It can take years for payouts from insurance companies to make their way to you. The process can often be dragged out for years, and insurance companies know this. The average person can’t generally afford the time and money that it takes to wait this process out. A lot of people end up being financially drained and can end up giving up before being able to get to the point where they can receive their payout. This is why so many people end up accepting lower settlements, or giving up altogether in some cases. Insurance companies know it’s in their best interests to drag out the process as long as possible. That’s why we’re here. Many people require financial assistance as they make their way through the settlement process, and we understand that.
When it comes to what Rapid Lawsuit Funding, we can get you started at any point during your lawsuit. The process is quick and easy, and you can receive your money within 24 hours. The lawsuit process is complicated enough, and we absolutely understand that. We’re here to make things easier for you, and the process of getting you started is a quick and simple one. This will take the pressure off of you, and it will also take the pressure off of your attorney, giving them the time they need to negotiate you the best settlement possible. This is the answer to the question of how can you survive comfortably while you wait for the settlement you’re entitled to from the insurance company.
Pre-Settlement Funding Requirements – Virginia
In Virginia, we only need your name, telephone number, and attorney contact information in order for you to apply for lawsuit funding.
- Credit Is Not Required For You To Qualify
- You don’t need to worry about your credit taking a hit, because Rapid Lawsuit Funding doesn’t need to check your credit history.
- It’s Incredibly Easy To Apply
- Most of the application process will take place between your attorney and Rapid Lawsuit Funding.
- Funding Is Risk-Free
- You don’t need to worry about repaying the funds if you don’t win your lawsuit.
Lawsuit Funding in Virginia – Laws and Regulations
Important Legal Information – Virginia
Avg. Funding per case from Nova Legal Funding $16,234
Rapid Lawsuit Funding can fund anywhere from $500 up to $2,500,000 depending on case value
Fault Laws: Pure Contributory Negligence If plaintiff contributes to his damages, he will be barred from all recovery. Baskett v. Banks, 45 S.E.2d 173 (Va. 1947).
Statute of Limitations: 2 years Title 8.01, Ch. 4, Sec. 8.01-243
Minimum policy limits for bodily injury & property damage: $25,000 bodily injury liability per person $50,000 bodily injury liability per accident $20,000 property damage liability per accident
Minimum UIM auto insurance limits: Liability: 25/50/10
Workers compensation eligibility: Not Eligible
There are no ethical issues in Virginia with regards to attorneys advising their clients to apply for pre-settlement funding, as highlighted by state legislation. Please note however that there are some concerns that include the question of whether an attorney is able to provide the necessary guidance to their clients. When it comes to third party funding, there is also concern with regards to the legality of the contract, as there is the possibility of a conflict of interest between the plaintiff and third-party funding.
Adequate proof that the attorney is in good standing with regards to the plaintiff’s litigation shall be required. It is also required by Virginia Rules of Professional Conduct that it’s insisted by attorneys that they any third-party litigation funders shall not attempt to control their professional judgement, as it’s been noted that funding influence could cause clients to settle their case at less than the actual value.
Amounts of cash advances must be clearly outlined by third party funders, as is an itemization of one-time fees, the total amount that will need to be repaid (in 6 month intervals – carried forward to 36 months), the rate of return or percentage fee. The plaintiffs must be able to cancel their arrangement within five business days of receiving funding. There can be no penalty or further obligation, and this must be reflected in the contract. The plaintiff’s attorney must confirm that they have thoroughly reviewed the terms and explained them all to their client – and this must be reflected in the contract.
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Our team funded $25M+ to thousands of accident victims nationwide!
Virginia Personal Injury Law: How Does it Affect Legal Funding?
In the state of Virginia, the statute of limitations for personal injury cases is 2 years from the initial date of injury. You must file a lawsuit against those responsible by that time. If a case isn’t filed within this timeline, it is very unlikely that the court system in Virginia will be willing to hear the case, and the right to compensation will thereby be lost.
It is important to note that there are differing guidelines for plaintiffs who suffer personal injury and wish to file a suit against the state of Virginia, the deadline is 18 months. For a city, town or county in Virginia, you have 6 months to file your complaint. It’s very important to be aware of the statute of limitations that applies to your personal injury situation. There are various guidelines that must be adhered to, so retaining an attorney immediately after being injured is necessary to help ensure a successful outcome.
There are some states that follow a lighter version of the fault law, however, it is important to not that the state of Virginia does not follow this example, and still adheres to the pure contributory negligence rule. What this means, is that the person you wish to file suit against must be 100% at fault or you will be unable to collect any monetary damages.
Also important to note is that personal injury compensation is determined by a number of factors that include the following; insult, pain, humiliation, injury to reputation, mental suffering, medical bills, lost wages, property damage, etc. This will be determined on a case by case basis, based on all relevant information that is applicable.
Virginia is a no-fault car insurance state, so this means that compensation options have the potential to be limited if the plaintiff is injured in a car accident. What this means for the plaintiff, is that they will, usually exclusively, look first to their own car insurance policy. This is how they can expect to receive compensation for damages. When the plaintiff has been in an accident that causes serious and/or permanent injury, particularly injury that results in permanent limitations to bodily functions, mobility, etc, this may make the plaintiff eligible to qualify for a personal injury suit or a liability claim against the driver responsible for these injuries. This changes the games with regards to the case, and gives the plaintiff the ability to pursue compensation for all loss categories which are not available in a no-fault claim.
Notable Personal Injury Lawyers in Virginia
There are many experienced personal injury lawyers based in New York who are waiting to take on your case:
- Shelley Swain Berry
- 317 30th St
- Virginia Beach, VA 23451
- Jim Hurley
- 125 St Pauls Blvd #510
- Norfolk, VA 23510
- Williams DeLoatche, P.C.
- 924 Professional Pl
- Chesapeake, VA 23320
- Marks & Harrison
- 1500 Forest Avenye, Rm 100
- Richmond, VA 23229
- Larry King Law
- 11747 Jefferson Ave #3-E
- Newport News, VA 23606
- Barrera Law Firm, PLLC
- 5845 Richmond Hwy Suite 6220
- Alexandria, VA 22303
Car Accident and Fatality Statistics in Virginia
Motor vehicle crashes in Virginia cause a lot of injury-related deaths each year. In 2018 there were 819 deaths in Virginia due to motor vehicle crashes, and that 182 people were injured every day in Virginia, to to vehicle crashes. Virginia statistics are pretty much on par with the national average, except when it comes to deaths among Virginians aged 55 and over. This age range exceeds the national average when it comes to death rate due to car crashes. Comparatively, there were 123 pedestrian deaths and 13 cyclist deaths in 2018. 1585 pedestrians and 591 cyclists were injured in 2018.
Rapid Lawsuit Funding works with clients to provide legal funding for Virginia drivers who have been involved in various types of auto accidents. There are a number of different cases that we work with and those include:
- Car Accident Loans
- Bicycle Accidents
- Bus Accidents
- Motorcycle Accidents
- Pedestrian Accidents
- Tractor Trailer Accidents
We encourage you to get in touch with the legal team at Rapid Lawsuit Funding so that we can provide you with a free case evaluation, and provide you with all of the information you need with regards to funding lawsuits in the state of Virginia. We’re here to help you get informed, and to get started on your application for legal funding so you breathe easier while you await the outcome of your lawsuit.
Virginia State Lawsuit Funding FAQs
How do I know if I qualify for a pre-settlement loan in Virginia?
If you have sustained any personal injuries due to the negligence of another person or entity, you qualify for lawsuit funding. If you are someone who has sustained serious injuries in Virginia, you are entitled to apply. Applications are absolutely free and they’re easy to complete.
Would Funds Be Considered Cash Advance Or Lawsuit Loan?
It wouldn’t be accurate to view this as a cash advance. These would be better viewed as lawsuit loans that basically act as cash advances against the final decision on your lawsuit settlement. It’s a cash advance that you pay back, so it is a loan. What makes this funding different from a loan though, is that if you don’t win your settlement, Rapid Lawsuit Funding does not require that you pay back the funds you’ve received. The only clients that we collect from are clients who have won their case or obtained their settlement.
Are There Specific Ways I Need To Spend My Funding?
It doesn’t matter how you choose to spend the funds, although it is recommended that the funds go towards debts, rent, medical bills, and the like.
Apply For Lawsuit Funding in Virginia Now
We handle all of the lawsuit funding applications that we receive in Virginia as time sensitive and confidential. There are specialists working with us who are available to assist you at any time of day. It’s easy to assess your case and find out more about pre-settlement cash advance in Virginia.
Call us toll free at (800) 581-7202 to speak with one of our helpful specialists anytime.
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