Iowa Lawsuit Loans

Accessing Lawsuit Loans in Iowa

When you’re faced with a lawsuit in Iowa, financial stress can loom large. One suitable solution may be to secure a lawsuit loan. This allows you to access funding prior to your case being settled.

A lawsuit loan is essentially a cash advance against your future lawsuit settlement. If your case qualifies, Uplift Legal Funding can offer lawsuit loans from as little as $500 all the way up to $250,000. This depends largely on the nature of your case and its projected outcome.

Iowa residents who are embroiled in pending lawsuits and need immediate financial relief should consider this option. Lawsuit loans are non-recourse, which means if you lose your case, you owe nothing.

Pre-settlement lawsuit loans with Uplift

Uplift offers litigation loans with simple, non-compounding rates. This means that we charge rates based on the original fund amount. We never charge on already accumulated funds. As such, lawsuit loans have rates that stay low and manageable.

We do this because we want you to keep the largest portion of your settlement possible. Below you will find answers to some common questions about litigation loans. If you want a more detailed explanation you can visit our guide here.

What should I consider when searching for pre-settlement funding in Iowa?

Most states don’t have any regulations for legal funding companies. This means that there are no rules on what a legal funding company can charge in rates and how they can charge rates.

This is extremely important to consider when searching for a lawsuit loan company before you sign any legal funding contracts. Some companies charge over 100% in rates yearly, and they get away with it because there are no rules stopping them. Additionally, some companies offer compounding rates, which means they charge rates on already accumulated rates.

A company should always display rates, fees, and terms of repayment at the front of their contract in a clear, easy-to-understand format.

How long does it take to apply for a lawsuit loan in Iowa?

Applying for a lawsuit loan with Uplift is a quick and easy process. It shouldn’t take you longer than 5 minutes to submit your application.

Once you have submitted your application you will be contacted but one of our personal injury case managers to get more information from you about your case. Following that, the personal injury case manager will contact your attorney and begin the funding process.

We will make sure to contact you daily about what step in the process your application is on.

If I get approved, how quickly can I access my Iowa lawsuit loan?

We offer multiple methods for accessing your funds. Uplift will get your funds to you within 24 hours of approval regardless of which method you choose to have your funds sent to you. A couple options Uplift provides are:

• Direct deposit
• Western Union
• MoneyGram
• Overnight check

What personal injury claims does Uplift fund in Iowa?

Uplift funds most personal injury cases including:

• Iowa auto accidents
• Workplace related accidents (Jones act, FELA)
• Motorcycle accidents
• Bike Accidents

Notable personal injury law firms in Iowa

Uplift cannot provide assistance if you do not have a lawyer. If you are having difficulty finding one, we have composed this list for you.

Each of the law firms below has a high online rating:

Des Moines Injury Law Firm
699 Walnut St,
Des Moines, IA 50309
(515) 493-4878
Specialties: Slip and Fall, Medical malpractice, Wrongful death, Truck accidents

Luneckas Law, P.C.
866 1st Ave NE Suite A,
Cedar Rapids, IA 52402
(319) 294-8777
Specialties: Workers compensation, Work-related injuries, Accidental Death, Trip and fall

RSH Legal
425 2nd St SE #1140,
Cedar Rapids, IA 52401
(319) 774-1072
Specialties: Auto Injuries, Nursing home injuries, Brain injuries, Truck injuries

Hixson & Brown, P.C.
160 S 68th St #1108,
West Des Moines, IA 50266
(515) 222-2620
Specialties: Dog Bites, Child injuries, Catastrophic injuries, Wrongful death

Iowa Lawsuit Funding Cheat Sheet

According to Chapter 614, Section 614.1; the civil statute of limitations in Iowa 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. Iowa’s guideline is modified comparative fault with a 51% threshold.

Essentially, this means that plaintiff’s negligence offsets defendant’s liability. If a plaintiff is more than 50% at-fault, there will be no recovery – I.C.A. § 668.3(1)(b). Its important to keep in mind that if you request car accident lawsuit loans early-on in your claim, legal funding underwriters must assume Iowa 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
• $25,000 uninsured/underinsured motorist coverage per person
• $50,000 uninsured/underinsured motorist coverage per accident
• Personal injury protection, up to $4,500 in medical expenses, $900 per month for disability/income loss, $25 per day for in-home services, $2,000 for funeral or cremation costs, $4,500 for rehabilitation

Accident Injury in Iowa

Iowa’s yearly injury death rate is only slightly higher than the national average.

Iowa residents drive an estimated total of 33 billion miles yearly. That means the average Iowa resident drives about 10,615 miles per year. That figure is 10.2% higher than the U.S. national average.

Aside from miles driven, local seatbelt and drinking and driving habits play a large part in the auto accident death rate. Iowa residents are pretty good when it comes to buckling up, reporting a 92.0% use rate.

The drinking rate in Iowa or the percent of people who report drinking too much before driving at least once in the prior month is 3.1%, which is 67.7% higher than the national average of 1.8%.

Even though drinking and driving have a higher likelihood of occurring in Iowa, the car accident fatality rate is lower than the national average.

Regulation of Lawsuit Loans in Iowa

Lawsuit loans in Iowa remain largely unregulated and most lawsuit funding companies provide funding in the state.

Despite a lack of regulation, reputable companies follow basic best-practice disclosure guidelines for lawsuit funding contracts. Lawsuit lenders nationwide should display rates, fees, and repayment terms prominently.

According to the American Bar Association, lawyers in Iowa cannot fund their clients. However, a lawyer may advance court costs on behalf of the client.

For more information on lawyers funding their clients, see here.

Lawsuit Loans from Uplift Legal Funding

Uplift understands that being in a lawsuit is extremely stressful. In addition to your typical living expense, you’ll also have new fees popping up. A cash advance from Uplift will help you make ends meet while you work for a fair settlement. If you have any questions or are interested in lawsuit funding, apply online or give us a call at (800) 385-3660.