Nebraska Lawsuit Loans

Overview of Lawsuit Loans in Nebraska

If you are involved in a lawsuit in Nebraska and need financial help, a lawsuit loan could be your best option. This is a non-recourse funding that a plaintiff can apply for during the ongoing legal process to manage personal expenses. Applying for a lawsuit loan in Nebraska is fairly straightforward.

A lawsuit loan helps lessen financial burdens by providing immediate cash flow. This type of loan is dependent on the outcome of the case. If you win, the loan is repaid from the settlement. If you lose the case, there’s no requirement to repay the loan, making it a risk-free option for clients undergoing a legal battle.

Uplift Legal Funding provides the funds you need while your case is making its way through the legal system. We aim to make the process less stressful, helping you focus on your case rather than worrying about mounting expenses.

Accident Injury in Nebraska

Nebraska’s yearly injury death rate of 55.0 per 100,000 places it -8.3% lower than the national average of 60.1.

Nebraska residents drive an estimated total of 20 billion miles yearly. That means the average Nebraska resident drives about of 10,601 miles per year. That figure is 10.1% 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. Nebraska residents are fairly bad when it comes to buckling up, reporting a 79.0% use rate.

The drinking rate in Nebraska or the percent of people who report drinking too much before driving at least once in the prior month is 3.4%, which is 84.0% higher than the national average of 1.8%.

In part due to these factors, the car accident fatality rate in Nebraska is 13.0. This compares unfavorably to the US national average of 10.9 and costs the state $311 million yearly.

Nebraska Legal Funding Cheat Sheet

According to Title 25, Section 207, 25-207; the civil statute of limitations in Nebraska is 4 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. Nebraska’s guideline is modified comparative fault with a 51% threshold. Essentially, this means that recovery is barred if the plaintiff is more than 50% liable and otherwise reduced proportionally – Neb. Rev. Stat. §§ 25-21 and 185.11. 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 Nebraska state minimum policy limits of:

• $15,000 bodily injury liability per person
• $30,000 bodily injury liability per accident
• $10,000 property damage liability per accident

Regulation of Lawsuit Loans in Nebraska

Nebraska requires licensing and registration, outlines right to cancel; notice; statements required. Maximum of semi-annual compounding. Prominently displayed APR, etc. (Neb. Rev. Stat. § 25-3306).

Lawsuit Loans from Uplift Legal Funding

Uplift Legal Funding provides legal funding in most states. Apply online or call us today at (800) 385-3660.

Does Uplift Legal Funding Directly Fund Cases in Nebraska?

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