Mississippi Lawsuit Loans

Introduction to Lawsuit Loans in Mississippi

Lawsuit loans, also known as pre-settlement funding, can provide financial relief to plaintiffs involved in a lengthy litigation process in Mississippi. These funds help individuals to cover their general day-to-day expenses while they wait for the resolution of their cases. The approach towards litigation funding varies from state to state, hence, knowing specifics about lawsuit loans in Mississippi is essential. Let’s delve into the details without any further ado.

Mississippi Personal Injury Statistics

Mississippi has a yearly injury death rate of 81.8 per 100,000. This places Mississippi substantially higher than the national average of 60.1, by about 36.2%.

Mississippi residents drive an estimated total of 40 billion miles yearly, which means that the average resident drives about 13,331 miles per year. To compare, that’s 38.4% higher than the national average of 9,630 miles per year. Local seatbelt use and drunk driving habits also play a large part in the car accident death rate.

In Mississippi, residents are about average when it comes to buckling up, reporting a usage rate of 83.0%. The drinking rate in Mississippi, measured as the percent of people who reported drinking too much before driving in the prior month, is 35.1% lower than the national average of 1.8% at 1.2%.

Partly because of these factors, Mississippi’s car accident fatality rate is 22.6. This compares unfavorably to the US national average of 10.9 and costs the state $861 million yearly.

Mississippi Lawsuit Funding Cheat Sheet

According to Title 15, Ch. 1, Sec. 15-1-49; the civil statute of limitations in Mississippi is 3 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. Mississippi’s guideline is pure comparative fault. Essentially, this means that plaintiff’s recovery may be reduced by his own liability, but he will not be barred from recovering – M.C.A. § 11-7-15. It’s important to keep in mind that if you request car accident lawsuit loans early-on in your claim, legal funding underwriters must assume Mississippi 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
• $25,000 uninsured motorist coverage per person
• $50,000 uninsured motorist coverage per accident

Lawsuit Loans from Uplift Legal Funding

Uplift can help Mississippi plaintiffs get funds before their case settles. To learn more, apply online today or give us a call at (800) 385-3660.

Does Uplift Legal Funding Directly Fund Cases in Mississippi?

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