Indiana Lawsuit Loans

An Overview of Lawsuit Loans in Indiana

In Indiana, lawsuit loans can provide a critical financial lifeline for individuals involved in lengthy legal battles. Often referred to as ‘pre-settlement funding,’ these loans are not your standard borrowing arrangement. Instead, they’re more of a cash advance on an expected settlement or jury award.

Lawsuit loans in Indiana can help cover various expenses while your case is ongoing. These could range from living costs to medical bills or even to pay your attorney. The primary goal here is to allow you to focus on your lawsuit without worrying excessively about your day-to-day financial burdens.

Uplift Legal Funding offers dispute funding solutions tailored to the unique circumstances surrounding your case. We aim to provide a hassle-free, straightforward process with fast approval rates and customer-oriented service. So, if you’re currently entangled in a lengthy legal process in Indiana, it might be time to consider pre-settlement funding as a potential solution to your immediate financial needs.

How do you know you have the best pre-settlement funding agency in Indiana?

There are a few key factors to look for when applying for legal funding. Here at Uplift, we want to make sure you know you have employed the best company, so we encourage to compare us to others.

Below we have listed what you should look for when applying for Indiana lawsuit loans:

• Rates – any reputable legal funding company will tell you their rates up front. If the company skits around rates and doesn’t want to tell you what you might pay back after you take out your lawsuit loan, you should avoid them
• Employees – rude employees are an immediate red flag
• Responsive – how quickly it takes for the company to get back to you is important, you want a pre-settlement company that replies to your questions in a timely manner
• Attorney cooperation – the lawsuit loan company should require attorney cooperation. If the company is attempting to circumvent your attorney you should look elsewhere

After you have done the research you will see that Uplift Legal Funding is a top provider of Indiana lawsuit loans. Not only are our personal injury case managers caring and responsive, but we are also upfront about our rates. Call us now to see if you qualify for an Indiana lawsuit loan with Uplift today. We can get you your cash advance within 24 hours of approval.

How funding can I get in Indiana?

The amount of lawsuit funding you qualify for depends on multiple factors. We have laid out what factors will influence your funding quality.

Type of case

The type of case you have will make an impact on the amount of Indiana lawsuit loans you qualify for. Some cases will have higher case values due to the type of injuries they are likely to cause. Examples of these instances include:

• Semi-truck accidents
• Bus accidents
• Motorcycle accident

These types of cases generally have more severe injuries and as such, they will have higher case values. The higher the case value the more you can receive in a lawsuit loan. However, you do not have to have been in one of these accidents in order to have severe injuries. In the next section, we will talk about the other factors that influence lawsuit funding amount, including injuries

Approval factors

The amount in the lawsuit funding your case qualifies for is also influenced by two main approval factors

Previous Advances

Because there is only a specific amount of funding you can advance on your Indiana personal injury case if you have previous funding it is possible that Uplift will not be able to help. Pre-settlement funding companies can only offer between 5% and 20% of your total settlement. If you have already received the maximum amount of advances on your case type, then Uplift Legal Funding will not be able to help you.

Damages

Damages greatly impact how much in the lawsuit funding your case qualifies for. The higher in damages, the higher your case value. Damages include:

• Pain and suffering
• Medical expenses
• Loss of consortium
• Property damages

Medical expenses have the largest impact. the more severe your injuries are, the higher your settlement will be and therefore the higher your lawsuit funding can be. Generally, Uplift Legal Funding can advance between 5% and 20% of your total settlement.

What personal injury cases does Uplift fund in Indiana?

Uplift provides funding for almost all personal injury claims in Indiana, including:

• Indiana auto accident claims
• Premises liability
• Workplace injury claims (FELA, Jones Act, Construction accidents, etc.)
• Medical Malpractice claims
• Assault and battery claims
• Wrongful death claims

Notable Law firms in Indiana

Before you can take out an Indiana lawsuit loan, you must have an attorney. If you are having difficulty finding a lawyer, we have listed some law firms below. Each of the firms below has a positive online rating.

Cohen & Malad, LLP
One Indiana Square, # 1400, Indianapolis, IN 46204
(317) 636-6481
Specialties: Medical malpractice, workers compensation, FELA, motorcycle accident

The Nice Law Firm, LLP
118 S Buckeye St
Kokomo, IN 46901
(765) 452-4000
Specialties: Car accident, workers compensation, medical malpractice, Jones act

Faegre Drinker Biddle & Reath LLP
300 N Meridian St, Central #2500, Indianapolis, IN 46204
(317) 237-0300
Specialties: Defective medical products, workers compensation, premise liability, bus accidents

Indiana Lawsuit Funding Cheat Sheet

The statute of limitations for personal injury cases in Indiana is 2 years. This means that you may lose the right to sue if you do not file your legal claim within that time frame.

Different states follow slightly differing comparative negligence statutes. In Indiana, the guideline is modified comparative fault with a 51% threshold. Basically, this means that if the plaintiff is more than 50% at fault, they are not entitled to recovery. If less than 50%, reduces recovery by percent fault.

Often, for legal funding requests early-on in a case, companies providing lawsuit loans in Indiana must assume state minimum policy limits of:

• $25,000 bodily injury liability per person
• $50,000 bodily injury liability per accident
• $10,000 property damage liability per accident

Regulation of Lawsuit Loans in Indiana

Indiana’s IC 24-12 defines a “civil proceeding advance payment transaction”, or “CPAP transaction”, which requires a CPAP provider to register before doing business in the state. Sets forth requirements and prohibitions with respect to CPAP transactions, including limits on the funded amount and specifications for the CPAP contract amount. Specifies that the Uniform Consumer Credit Code does not apply to a CPAP transaction.

All of this means that in Indiana there are restrictions on cash advance companies in Indiana. However, these restrictions do not stop companies from granting funding to residents seeking an Indiana lawsuit loan. However, this does mean that there is a cap on how much in yearly rates a legal funding company can charge. In Indiana, the max yearly rate that can be charged for lawsuit loans is 36%.

Additionally, as stated in Indiana legislation, an attorney cannot pay for the fees of a client. An attorney may advance court costs that will be paid for from the settlement. Otherwise, an attorney cannot help pay for any expenses, living or otherwise, for a client.

Indiana Personal Injury Statistics

As of 2018, Indiana has a yearly injury death rate of 80.9 per 100,000.

Indiana residents drive an estimated total of 79 billion miles yearly, which means that the average resident drives about of 11,907 miles per year. To compare, that’s 23.6% higher than the national average of 9,630 miles per year. More time spent on the road generally means that there is a high likelihood of getting in a car accident.

In Indiana, residents are pretty good when it comes to buckling up, reporting a usage rate of 94.0%.

The drinking rate in Indiana, measured as the percent of people who reported drinking too much before driving in the prior month, is 13.4% lower than the national average of 1.8% at 1.6%.

Even though the drinking habits and seat belt habits in Indiana are overall better than America in general, there is still a high accident rate. The accident is 12.4%, which is nearly 3% higher than the 10% accident rate in the rest of the United States.

Lawsuit Loans from Uplift Legal Funding

Uplift Legal Funding provides non-recourse lawsuit loans on personal injury claims in most states. We understand that your Indiana lawsuit is taking a lot of time and energy. We want you to be able to rest easy and not have to worry about making ends meet. Plaintiffs are usually forced into settling for less than their cases are worth because they don’t have the financial funding to stay afloat/.

This is where Indiana lawsuit loans come in handy. With a lawsuit loan from Uplift Legal Funding, you will be able to battle your lawsuit without having to worry about your financial situation. Most personal injury cases take months or even years to settle if you choose to pursue the lawsuit instead of settling early. With a lawsuit loan, you will be able to take the time to wait for your case, because you know you have the funding you need.

Call us today and get the lawsuit loan you need to fight your case!