Wyoming Lawsuit Loans
Uplift Legal Funding provides non-recourse lawsuit loans in Wyoming. With a population of 586,107, Wyoming is the 20th largest state in the United States, and ranks 25th for per capita fatal injuries (D.C. included).
Because funding regulation is complex, Uplift developed a funding-ease scale. This scale helps plaintiffs understand what part their state plays in lawsuit loan decisions. On a scale of 0 to 10, Wyoming scores a 10.0. This means that we consider it very easy for plaintiffs to get lawsuit loans in Wyoming. Read more information below about the legal funding environment in Wyoming.
Accident Injury in Wyoming
Wyoming’s yearly injury death rate of 85.5 per 100,000 places it 42.3% higher than the national average of 60.1.
Wyoming residents drive an estimated total of 10 billion miles yearly. That means the average Wyoming resident drives about of 16,374 miles per year. That figure is 70.0% higher than the U.S. national average of 9,630 miles per year.
Aside from miles driven, local seatbelt and drinking and driving habits play a large part in the auto accident death rate. Wyoming residents are fairly bad when it comes to buckling up, reporting a 77.0% use rate.
The drinking rate in Wyoming, or the percent of people who report drinking too much before driving at least once in the prior month is 2.2%, which is 19.0% higher than the national average of 1.8%.
In part due to these factors, the car accident fatality rate in Wyoming is 24.7. This compares unfavorably to the US national average of 10.9, and costs the state $127 million yearly.
Wyoming Lawsuit Funding Cheat Sheet
According to Title 1, Ch. 3, Sec. 1-3-105; the statute of limitations for personal injury cases in Wyoming is 4 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 Wyoming, the guideline is modified comparative fault with a 51% threshold. Basically, this means that plaintiff’s share of the fault will offset total damages – Wyo. Stat. § 1-1-109(b). Often, for legal funding requests early-on in a case, companies providing lawsuit loans in Wyoming must assume state minimum policy limits of:
- $25,000 bodily injury liability per person
- $50,000 bodily injury liability per accident
- $20,000 property damage liability per accident
Regulation of Lawsuit Loans in Wyoming
Lawsuit loans in Wyoming remain largely unregulated and most legal funding companies provide funding in the state.
Despite lack of regulation, reputable companies follow basic best-practice disclosure guidelines for legal funding contracts. Lawsuit lenders nationwide should display rates, fees and repayment terms prominently.