Alabama Lawsuit Loans

Overview of Lawsuit Loans in Alabama

Lawsuit loans are a type of financial help available to people in the process of a lawsuit who are waiting for their settlement. In Alabama, these loans can be a lifesaver when faced with sudden expenses or financial hardship due to an ongoing lawsuit. With the support from Uplift Legal Funding, you have the chance to secure the funds that you need while your case runs its course. We offer these non-recourse loans, meaning you don’t have to repay us if your case doesn’t win. For anyone in Alabama struggling with finances due to a pending lawsuit, we are here to help.

Uplift Legal Funding in Alabama

Uplift offers pre-settlement funding in Alabama. We offer lawsuit loans for the majority of personal injury cases. Pre-settlement funding can be confusing if you are not in the industry or a lawyer. So Uplift made this pre-settlement funding guide so you know what to keep in mind. Uplift is going to answer a few questions here to help you get started.

What is an Alabama settlement loan?

Pre-settlement funding is cash you receive before your Alabama personal injury case has settled. The purpose of this is so you do not have to take a lower settlement because you are in need of cash. Lawsuit funding is not a loan. You have to pay loans back regardless of the outcome of your case. This is not true with a lawsuit loan. You do not have to pay the lawsuit loan back if you do not win your case.

Loans rely on credit and employment history to see if you qualify. However, with lawsuit funding, there are no credit checks or employment history checks. Uplift qualifies individuals based on the quality of the case.

Another difference between loans and pre-settlement funding is the way we charge rates. Loan companies offer big loans but they also offer big rates. Sometimes charging as much as 100%! Uplift does not do this. We offer what is known as simple rates. This means we only charged based on the original fund amount.

All of this means there is no risk in you taking out an Alabama pre-settlement loan with Uplift legal funding. If you’re still wondering if lawsuit funding is right for you, you can always go here to read more

Why are Alabama lawsuit loans focused on car accidents?

There are many reasons why funding companies usually focus on car accident claims. The car accident rate in Alabama is very high, and Uplift wants to help with this. We offer Alabama lawsuit funding for most personal injury cases, not just car accidents. However, there are many ways a lawsuit loan can help you after a car crash.

There are a lot of benefits to choosing Uplift to aid you after your car crash, and we’ve listed a few of them below:

• Completely paperless process, no need to worry about paper forms
• Funding within 24 hours of approval
• Responsive personal injury case managers
• If you don’t win your case, keep the cash on us
• Approval in as little as 24 hours

These are just a few reasons why you should choose Uplift to help you with your car accident. If you have any questions call (800) 385-3660 today and see if you qualify in as little as two minutes.

In Alabama, how much funding do I qualify for?

In the state of Alabama, you qualify for as much as $250,000 in lawsuit funding. Uplift can fund even more for clients who are in need or for people who have high case value. Our funding ranges from as low as $500 to as high as $250,000 as previously stated. Uplift always advises that our clients only take what they absolutely need. Lawsuit funding can be on the pricey side. We want to give you the funding you need in order to see your lawsuit to its natural conclusion. But we also want you to keep a larger portion of your settlement.

What claims are funded in Alabama by Uplift?

Uplift grants pre-settlement funding for most personal injury cases including:

• Alabama auto accident claims
• Premises liability
• Workplace injury claims (FELA, Jones Act, Construction accidents, etc.)
• Medical Malpractice claims

Alabama Legal Funding Cheat Sheet

The civil statute of limitations in the state of Alabama is two years. This means you have two years to file your claim.

Each state has different guidelines for how much the plaintiff’s fault affects the amount of compensation you can receive. Alabama’s guideline is pure comparative fault.

Essentially, this means that if the plaintiff is making negligence claims, how much the plaintiffs contributed to the accident can cancel out the claim. It’s important to keep in mind that if you request car accident lawsuit loans early-on in your claim, lawsuit funding underwriters must assume Alabama state minimum policy limits of:

• $25,000 bodily injury liability per person
• $50,000 bodily injury liability per accident
• $25,000 property damage liability per accident

Regulation of Alabama Pre-settlement funding

Alabama’s statute defines several terms including consumer lawsuit lender, consumer lawsuit funding, consumer lawsuit lending agreement, dispute, and finance charge. The statute establishes a maximum finance charge and requires licensing for lawsuit lenders doing business in Alabama. Furthermore, it allows the superintendent of Banks of the State Banking Department to issue regulations and interpret and handle violations of the act.

This all means that it is more difficult for legal companies to work in Alabama. Uplift can assist people from Alabama in personal injury cases.

Impressive personal injury lawyers in Alabama

Uplift cannot provide lawsuit funding to a client unless they have a lawyer. If you are having some trouble finding a lawyer, Uplift has composed a shortlist of reputable attorneys in Alabama. Find a lawyer as soon as possible to get your lawsuit cash today!

Each of the following law firms has a rating of at least 4.5 on Google:

Serious Injury Law Group
418 Scott St, Montgomery, AL 36104
(334) 231-5751
Specialties: Trucking litigations, Brain injuries, Wrongful death, Defective products

Wettermark Keith
3595 Grandview Pkwy #350, Birmingham, AL 35243
(205) 933-9500
Specialties: Dangerous drugs, Dangerous products, Auto accidents, Medical Malpractice

Andy Citrin Injury Attorneys
1904 Dauphin Island Pkwy, Mobile, AL 36605
(251) 888-8888
Specialties: ATV accidents, Slip and falls, Maritime law, Property damage

Hollis, Wright, Clay & Vail, P.C.
2201 Morris Ave, Birmingham, AL 35203
(205) 324-3600
Specialties: Motor vehicle accidents, Medical malpractice, Defective products, Wrongful death

Each of the law firms mentioned handle personal injury cases. Call us today at (800) 385-3660 to see if you qualify for Alabama lawsuit loans.

Accident Injury in Alabama

Alabama has a very high wrongful death rate. Clocking in at a staggering 24.7% higher than the national average. A leading cause of the wrongful death rate in Alabama is car accidents.

Alabama residents drive an estimated total of 67 billion miles yearly. This means you drive an average of 13% more than your fellow Americans. Driving more means there is a higher chance of being in an accident.

Aside from miles driven, local seatbelt and drinking and driving habits play a large part in the auto accident death rate. Alabama residents are pretty good when it comes to buckling up, which is about 90% of the time.

The drinking rate in Alabama or the percent of people who report drinking too much before driving at least once in the prior month is 1.7%. This is lower than the national amount.

Even with good seat belt habits and not drinking and driving, Alabama still has a higher car fatality rate than the national average. Car crashes are traumatic, and the lawsuit that follows them is draining. Don’t let your bank account drain as well. Apply for legal funding with Uplift.

Lawsuit Loans from Uplift Legal Funding

Lawsuit loans are made to help you pay for whatever expenses you have during your case. Uplift grants this funding with low and affordable rates so you get a larger portion of your settlement. If you have any questions or are interested in more information about lawsuit loans, apply online today or give us a call at (800) 385-3660.

Does Uplift Legal Funding Directly Fund Cases in Alabama?

Uplift Legal Funding operates as a direct funder in many states. However, in Alabama, we act as a broker and originate funding requests to a select group of funding partners.