California Lawsuit Loans
Uplift Legal Funding is a leading provider of California lawsuit loans. With a population of 39,144,818, California is the largest state in the United States, and ranks 15th 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, California scores a 10.0. This means that we consider it very easy for plaintiffs to get lawsuit loans in California. Read more information below about California lawsuit loans.
California Car Accidents
It should come as no surprise to anyone to hear there are a lot of accidents in California. The state is the third-biggest in terms of size and easily the biggest in terms of population. Just having that many people in that big an area is a recipe for accidents. The easiest place to look is on the roads. That is because the traffic in the state is the worst in the nation. There are so many cars on the roads that something bad is bound to happen. In 2013, this lead to over 3,000 deaths and countless accidents.
While the total number of vehicle deaths in California have gone down in the last decade, they’ve basically stayed the same for the last five years. That’s likely the case with the number of overall accidents too. Even with better technology, people still get hurt every day in their cars.
It’s not limited to just motor vehicle accidents, though. Nearly 200,000 different civil lawsuits were filed in the 2014-2015 fiscal year. Even crazier, those numbers don’t even count small-claims lawsuits or lawsuits where the person was seeking less than $25,000. Those account for an additional 500,000+ lawsuits. That data can be found in the 2016 Court Statistics Report. That number has even gone down slightly over the last decade! With all that time spent in court, it’s amazing anyone ever has time to work
The Lengthening California Civil Legal Process
Are cases resolving faster? The answer is surprising: no, they’re not. The odd thing is the trend over the last decade has been less cases are being filed. That should mean that the cases are resolving quicker. But that’s not what’s happening. The average case time is longer than it was years ago.
There’s a few possible reasons why. It could be that smaller budgets are causing cutbacks in the courts that are gumming up the works. It could also be that insurance companies are fighting harder against paying out claims. They do this to make more profits. Whatever the reason, the fact is it’s taking longer and longer to pay the plaintiffs who got injured in accidents.
What does that mean to the average plaintiff? Well, it means longer wait times before getting your life back in order. For many people in an accident, they can’t work immediately afterwards. Sometimes, it can be months or years before they can get back to work. All the while they still have to make their rent payments, their car payments, and their utility payments. It can become overwhelming.
Accident Injury in California
California’s yearly injury death rate of 46.1 per 100,000 places it 23.3% lower than the national average of 60.1.
California residents drive an estimated total of 336 billion miles yearly. That means the average California resident drives about of 8,572 miles per year. That figure is 11.0% lower 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. California residents are pretty good when it comes to buckling up, reporting a 96.0% use rate.
The drinking rate in California, or the percent of people who report drinking too much before driving at least once in the prior month is 1.8%, which is 2.6% lower than the national average of 1.8%.
In part due to these factors, the car accident fatality rate in California is 8.1. This compares favorably to the US national average of 10.9, and costs the state $4,480 million yearly.
California Legal Funding Cheat Sheet
According to Code of Civ. Proc. Sec. 340; the civil statute of limitations in California is 2 years. This means that you may lose the right to sue for negligence if you do not file your lawsuit within the limit. The degree to which plaintiff negligence impacts the liability claim varies from state-to-state. California’s guideline is pure comparative fault.
In essence, this means that plaintiff’s negligence offsets defendant’s liability – Li v. Yellow Cab, 119 Cal. Rptr. 858 (Cal. 1975); Diaz v. Carcamo, 253 P.3d 535 (Cal. 2011). Its important to keep in mind that if you request car accident lawsuit loans early-on in your claim, legal funding underwriters must assume California state minimum policy limits of:
- $15,000 bodily injury liability per person
- $30,000 bodily injury liability per accident
- $5,000 property damage liability per accident
Regulation of California Lawsuit Loans
Lawsuit loans in California 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. Regardless of regulation, legal funding companies nationwide should display rates, fees and repayment terms prominently.
Lawsuit Loans from Uplift Legal Funding
Uplift Legal Funding provides legal funding to bridge the gap between injury and settlement. The review the details of your case and try to get you money up front to pay your bills. They get paid back out of your settlement when it does eventually come in. If you lose your case, Uplift loses their money. It’s that simple.
Cases We Fund
Uplift provides pre settlement funding on most California personal injury cases. A few examples include:
Major California Regions We Service
We serve plaintiffs across the state of California, but naturally most of our clients reside in the following major metro areas:
- Greater Los Angeles Area
- San Francisco Bay Area
If you already have an attorney handling your California case and you have started treatment for injuries, we can help. In some cases if the injury is bad enough, we can even help before you have had your surgery. Start by calling us at (800) 385-3660 or filling out our online application. We’ll get all the information we need from you, and the remainder we’ll get from your attorney.
Uplift Legal Funding provides daily updates so you’re in the loop. Uplift approves California legal funding requests within minutes of speaking with your attorney.
You can’t battle insurance companies alone. They have too much money and power. But with the help of companies like Uplift Legal Funding, you can be on even footing with them. And you can last until the end, when you get your true case value. Call us for more information.