Missouri Lawsuit Loans
Uplift Legal Funding provides non-recourse lawsuit loans in Missouri. With a population of 6,083,672, Missouri is the 18th largest state in the United States, and ranks 14th 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, Missouri scores a 4.2. This means that we consider it relatively tough for plaintiffs to get lawsuit loans in Missouri. Read more information below about the legal funding environment in Missouri.
Missouri Personal Injury Statistics
Missouri has a yearly injury death rate of 74.3 per 100,000. This places Missouri substantially higher than the national average of 60.1, by about 23.7%.
Missouri residents drive an estimated total of 72 billion miles yearly, which means that the average resident drives about of 11,821 miles per year. To compare, that’s 22.8% higher than the national average of 9,630 miles per year.Aside from miles driven, local seatbelt use and drunk driving habits play a large part in the car accident death rate.
In Missouri, residents are fairly bad when it comes to buckling up, reporting a usage rate of 79.0%. The drinking rate in Missouri, measured as the percent of people who reported drinking too much before driving in the prior month, is 2.6% lower than the national average of 1.8% at 1.8%.
Partly because of these factors, Missouri’s car accident fatality rate is 14.3. This compares unfavorably to the US national average of 10.9, and costs the state $981 million yearly.
Missouri Lawsuit Funding Cheat Sheet
According to Title 35, Ch. 516, Sec. 516.120; the statute of limitations for personal injury cases in Missouri is 5 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 Missouri, the guideline is pure comparative fault. Basically, this means that plaintiff negligence reduces liability of defendant – Gustafson v. Benda, 661 S.W.2d 11. Often, for legal funding requests early-on in a case, companies providing lawsuit loans in Missouri 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 Missouri
Missouri had several bills designed to regulate lawsuit funding companies proposed, but none have passed to-date.