New York Lawsuit Loans Litigation Funding

New York Lawsuit Loans Overview

Uplift Legal Funding provides non-recourse loans in New York. Our lawsuit pre-settlement funding can help you pay for day-to-day living expenses while you wait for your case to settle.

We can provide lawsuit loans for cases such as: personal injury lawsuits, injuries, wrongful death, workers’ compensation, and much more. Uplift’s pre-settlement funding helps alleviate the stress of day to day life through financial relief, so you can ride out your claim instead of settling for less than you deserve.

Quick Reference Guide to Lawsuit Loans in New York

Average Funding per Case in New York Uplift Legal Funding’s average funding per case in New York is $17,506.Average Funding Amount in New York Lawsuit Funding available in New York ranges from $500 to more than $250,000.New York Fault Laws New York has a comparative fault law (N.Y. C.P.L.R. § 1411) and is a shared fault state. Statute of Limitation in New York Unlike many other states, the statute of limitations for civil practice laws in New York varies by case type. See below for more details on civil practice laws. (N.Y. Civ. Prac. Laws & Rules § 201 et seq.)Minimum Policy Limits in New York

• Injury to property of other people in any accident: $10,000

• Bodily injury excluding death to a person in any accident: $25,000

• Bodily injury including death to a person in any accident: $50,000

• Bodily injury excluding death to two or more people in any accident: $50,000

• Bodily injury including death to two or more people in any accident: $100,000

How Do Lawsuit Loans Work?

Lawsuit loans and lawsuit funding work by providing a stopgap for lawsuits that seem likely to be successful. These legal loans can be used for just about any purpose for financial support, including paying for medical expenses or bills, expenses associated with care or covering costs while out of work.

These legal loans are unique because they require no monthly payments; you’re only responsible for repayment if your personal injury case settles. Our average funding per case in New York often covers significant expenses, like mortgage payments, which can be a substantial burden during a personal injury lawsuit.

When a plaintiff in a personal injury lawsuit case needs money to pay expenses but is still awaiting professional judgment, they can apply for a lawsuit loan. These loans are paid by a lender who will expect repayment from the proceeds of a settlement, plus interest and occasionally a lending fee. A lawsuit loan may be a small or large portion of an expected settlement. In most cases, lawsuit loans do not have to be repaid if a case does not succeed.

What types of personal injury claims does Uplift fund in New York?

Uplift can offer pre-settlement funding in New York on multiple personal injury cases. A few examples include:

• New York auto accident loans

• Premises liability claims

• Slip and fall claims

• Employment claims

See our cases page for a complete list of claims we can provide settlement loans on.

How Much Funding Can I Qualify for in New York?

Lawsuit funding can be an excellent way to cover the initial costs of a lawsuit in New York. Uplift Legal Funding in New York provides fast, easy loans, and generally in amounts that are more than enough to pay expenses. In New York, the average funding per case is [amount]. For most applicants, this will cover needs from an outstanding settlement and then some.

However, this amount is just an average. Payouts will always depend on personal circumstances and the nature of a lawsuit. Available funding in New York depends on numerous criteria. This includes the nature of a particular lawsuit, the expected timeline, and the requested settlement amount.

Funding ranges are quite large, which is a great thing for clients. Ranging from $500 to $250,000, Uplift is able to provide quick, easy, and hassle-free pre-settlement funding to New Yorkers filing all kinds of different lawsuits.

Am I Eligible for a Lawsuit Cash Advance In NY?

New York doesn’t have any laws or regulations on the availability of injury lawsuit loans. The state does prohibit lawyers from lending directly to their clients, but otherwise, borrowing from third-party funders is allowed.

So, in New York, you are likely eligible for an advance on your legal claim if:

• You have an attorney representing you on a contingency basis

• You were not at fault for the accident

• You are an adult (18 or older)

• You have a serious injury as a result of your accident

Eligibility, however, does not mean approval. Most lawsuit loan companies do require basic evidence that a case is likely to be successful before approving your funding request.

Can I Get Pre-Settlement Lawsuit Loans in New York with Bad Credit?

Yes, you can get pre-settlement funding in New York with a less-than-perfect credit history. Unlike many other forms of loans, particularly those in which there is no collateral, credit can make or break pre-settlement loan eligibility. However, because lawsuit loans are based exclusively on the terms of a legal case and payment comes from the settlement, funding is available even if you have bad credit.

Here at Uplift Legal Funding, we never perform a credit check. We offer pre-settlement funding in New York without monthly payments and an upfront interest rate. Your current financial situation has no impact on your likelihood of receiving funding for financial assistance. That’s right, you read that correctly, credit score does not affect your cash advance. Our funding is almost exclusively based on professional judgment on the merits of your pending lawsuit.

Certain requirements dictate whether or not Uplift can offer legal funding in New York. After speaking with one of our qualified personal injury managers, you’ll know right away if we can try to get you funding. We never do a credit check or seek employment verification. Approved funding is based on your case, nothing else.

Do I Need a Lawyer to Get a Lawsuit Loan in New York?

Yes – you absolutely must have a law firm representing you to qualify for a lawsuit loan. That’s because the lawyer is responsible for repaying the legal funding company from your future settlement funds.

Thankfully, personal injury attorneys offer representation on contingency – you do not have to pay them upfront. Typically, it is in your best interest to seek representation from a qualified lawyer.

Does My Lawyer Need to Know the Third-Party’s Policy Limits?

While it is helpful to know policy limit information for large advances, it is not necessary for smaller advances. For example, if you request a lawsuit loan before this information is available, the legal funding company will be able to assume that the third party carries New York state minimum policy limits. However, if the third party is commercial, we can typically assume that there are policy limits in excess of $100,000.

Does My Case Need to be Filed or in Suit?

For most personal injury cases Uplift Legal Funding considers for funding in New York the case does not need to be filed to qualify. Lawyers often wait until a plaintiff completes medical treatment before they send a demand letter.

After a lawyer sends a demand, they usually wait for a response or a certain number of days before filing a lawsuit. Uplift Legal Funding provides a substantial amount of pre-settlement funding to plaintiffs who are still in the pre-litigation stage.

What Documents and Information does Uplift Legal Funding Need to Process a Pre-settlement Lawsuit Funding Request?

The information we request varies based on the stage and type of the case. If a case is very new, we will only request basic information such as:

• Some sort of documentation or information that shows what happened

• A basic overview of the key facts of the case and medical treatment from the plaintiff’s attorney

For these early-stage requests, our legal funding capacity is limited. However, once medical treatment progresses and we can get concrete information about the extent of a plaintiff’s personal injuries, our ability to fund increases.

For more developed cases, we request the items above as well as the following (as available):

• Medical records

• Demand letter

• Complaint

• Bill of particulars

Is There a Benefit to Choosing a New York-Based Lawsuit Funding Company?

Not really – thankfully lawsuit funding companies across the U.S. can help you get the money you need while waiting for a lawsuit settlement. Make sure you consider all of your options and choose the lender who can offer you the best interest rate and ideal terms for your needs.

The best offer might come from a lawsuit loan company in New York, or it might come from one based in California. We strongly encourage plaintiffs to get upfront quotes from many prospective lenders before applying for lawsuit funding.

Is Pre-Settlement Funding Considered a Loan in New York State?

In most states, including New York, lawsuit loans are not technically loans. Pre-settlement and post-settlement legal funding is structured as a non-recourse purchase of equity in a legal claim. This means these advances have different approval criteria and terms than traditional loans.

This is most notable in terms of repayment. While most loans have a repayment period and a payment expectation that’s non-negotiable, lawsuit loans do not have to be repaid if the underlying legal case is unsuccessful.

How a Lawsuit Cash Advance Can Strengthen a New York Personal Injury Claim

Pre-settlement lawsuit loans help personal injury victims pay for living expenses and medical bills while they wait for their law firm to reach a settlement.

A personal injury lawyer that is seeking the full value of your pending settlement will usually wait until you have completely finished medical treatment before sending a demand letter to the insurance company.

This allows them to have a final figure for medical bills and other damages such as lost wages when demanding a fair settlement. That provides a realistic and accurate view of what personal injury victims went through following a car accident.

Without lawsuit loans, New York plaintiffs often accept smaller initial offers from insurance companies. With the financial support now offered by lawsuit funding, personal injury victims can give their attorneys more time to fight for a fair settlement and pursue compensation.

Lawsuit Funding Regulations in New York

New York has not passed any legislation regarding pre-settlement loan lawsuit funding. Most if not all pre-settlement legal funding companies are able to provide lawsuit loans to residents of New York state.

Despite a lack of regulation, Uplift Legal Funding follows basic best-practice disclosure guidelines for lawsuit funding contracts, also adhering to the standards of the New York City Bar Association. This means we display rates, fees, and repayment terms prominently in relation to the lawsuit settlement loan that we offer. Uplift will try to do our best to provide financial assistance to you during this difficult time.

A common question is “can my attorney fund me or give me a cash advance in New York?” The answer is no. According to the New York City Bar Association

Fault Laws in New York

Determining fault can often make or break the outcome of a lawsuit for things like a personal injury case in New York State. That’s why knowing fault laws can be an important part of a successful lawsuit.

New York is one of thirteen states that has a comparative fault law (N.Y. C.P.L.R. § 1411). This means that New York is a shared fault state. In a shared fault state, a judge may decide that fault is split between two parties.

If, for example, you slip and fall in a grocery store because you spill orange juice on the floor, the store could claim that you are partially at fault. How fault is determined can affect possible compensation payments.

The degree to which plaintiff negligence impacts the liability claim varies from state-to-state. New York’s guideline is pure comparative fault. Essentially, if the plaintiff is less at fault than the defending party, their liability is decreased.

Fault often works on a percentage basis. In the above scenario, it may be determined that the grocery store has 50% of the fault and you have 50% of the fault. In this kind of case, payment will be reduced by 50% for both parties – you and the grocery store.

In terms of car insurance, New York is a no-fault state. Most claims start with an injured party and end with an insurance company. However, it may be possible to sue for damages if personal injuries are determined to be serious based on the New York thresholds.

Uplift Legal Funding’s attorneys are familiar with New York fault laws and we can provide a free case evaluation to determine your eligibility for a settlement cash advance.

Personal injury attorneys in New York

Below are some of the best personal injury law firms in New York. Each firm has over a 4.5 rating on Google. Uplift wants to help find lawyers that will help you get your personal injury lawsuit funding and settlement.

Uplift can only provide New York lawsuit loans once you have hired an attorney. If you’re still looking for a lawyer to represent you, try some of these notable New York personal injury law firms:

The Perecman Firm
250 West 57th Street, Suite 401, New York, NY 10107 (212) 577-9325 Specialties: Motor Vehicle Accident, Premises Accidents, Catastrophic accidents

Macaluso and Fafinski
300 Cadman Plaza West, 12th Floor, Brooklyn, NY 11201 (718) 852-5000 Specialties: Slip and Fall, Pedestrian Knockdowns, Medical Malpractice

Hatch and Rose
12 Madison Ave 10th Floor, New York, NY 10016 (212) 779-0057 Specialties: Construction site accidents, Trip and Fall, Train Accidents\

Greenstein and Milbaur
1825 Park Avenue, New York, NY 10035 (800) 842-8462 Specialties: Car Accidents, Motorist Accidents, Truck Accidents

Car accidents and injury in New York

People in America drive a lot. Driving is often required for most people to get to work. As a result, car accidents occur. Below are some statistics on car and motor vehicle accidents in New York.

Injury statistics in New York

New York has a yearly injury death rate of 41.6 per 100,000. This places it substantially lower than the national average of 60.1.

Residents are pretty good when it comes to buckling up, reporting a usage rate of 90.0%. The drinking rate in New York, measured as the percent of people who reported drinking too much before driving in the prior month, is 24.3% lower than the national average of 1.8% at 1.4%.

Partly because of these factors, car accident fatality rate is 5.7. This compares favorably to the US national average car accident rate of 10.9 and costs the state $1,590 million yearly.

Motor vehicle accidents in New York

In the state of New York, there were nearly 300,000 car crashes in the year 2014. Over 1,000 of those were fatal, and more than half resulted in injuries.

Unfortunately, some of the leading causes of auto accidents here are due to negligence. Here are the statistics:

These shocking statistics help put into perspective the fact that serious car accidents can happen to anyone. Being knowledgeable and engaging in safe driving practices does not protect you from other drivers. If you get into an accident with a negligent driver in New York, pre-settlement funding can help you get by.

Uplift Legal Funding offers car accident loans at reasonable rates. When paying back your lawsuit cash advance, you’ll be able to keep a fair amount of your settlement.

New York Statute of Limitations by Case Type

In every state, there is a deadline for filing a civil claim. Usually, the deadline is around two years. In New York, that deadline varies by case type. See below for an overview of the statute of limitations in New York by case type:

• Car accident claims – three years from the date of an accident

• Premises liability claims – three years from the date of an accident

• Medical malpractice – two years and six months from the date of malpractice or end of treatment by the defendant’s medical provider or facility

• Assault and battery claims – one year from the date of the incident

• Construction accidents – three years from the date of the accident

• Wrongful death – two years from the date of death

• Product liability – three years from the date of the incident

The statute of limitations for negligence claims in New York is three (3) years with exceptions for medical malpractice, assault, and wrongful death.

Why Choose Uplift Legal Funding For Pre-Settlement Litigation Funding in New York?

The reason is simple – Uplift Legal Funding, a leading pre-settlement funding company, is one of the best names in the business for non-recourse loans. Rates are affordable, maximum amounts are higher than many in the industry, and our turnaround times are very fast for pre-settlement funding.

We also have incredible customer service and an A+ BBB rating, which is can be very affordable when looking for a lender for legal funding.

We provide lawsuit cash advances to relieve the pressure of the legal fees, potential medical bills, mortgage payments, and life expenses that all build up during lawsuits. We care about our clients and aim to offer realistic lawsuit settlement loans to each and every eligible case.

Uplift will try our best to give you the exact amount of legal funding you need so rates stay low and manageable. One of the best features Uplift offers is, if the plaintiff loses the lawsuit you don’t have to pay the lawsuit loan back. Call us now to start the application process.

We provide pre-settlement funding in all five New York City boroughs:

• Brooklyn

• Queens

• Manhattan

• The Bronx

• Staten Island

And all New York counties

• Queens County

• New York County

• Suffolk County

• Bronx County

• Nassau County

• Westchester County

• Erie County

• Monroe County

• Richmond County

• Onondaga County

• Rockland County

• Albany County

• Dutchess County

• Saratoga County

• Oneida County

• Niagara County

• Broome County

• Ulster County

• Rensselaer County

• Schenectady County

• Chautauqua County

• Oswego County

• Jefferson County

• Ontario County

• St. Lawrence County

• Tompkins County

• Putnam County

• Steuben County

• Wayne County

• Chemung County

• Clinton County

• Sullivan County

• Cattaraugus County

• Cayuga County

• Madison County

• Warren County

• Livingston County

• Columbia County

• Washington County

• Herkimer County

• Otsego County

• Genesee County

• Fulton County

• Montgomery County

• Tioga County

• Greene County

• Franklin County

• Chenango County

• Cortland County

• Allegany County

• Delaware County

• Wyoming County

• Orleans County

• Essex County

• Seneca County

• Schoharie County

• Lewis County

• Yates County

• Schuyler County

• Hamilton County

Benefits of pre-settlement funding from Uplift

The main benefits of trusting Uplift Legal Funding to help with your cash advance are:

• If you do not win your case, you do not have to pay the lawsuit loan back

• Uplift keeps you informed about your pre-settlement lawsuit loan progress

• We give Legal funding based on the case, no credit check

• We work with your attorney to ensure you get your settlement money as fast as possible

• Uplift takes all calls and inquiries in a timely manner, to make sure you get the attention you need

• We approve New York personal injury claims for pre-settlement funding in as little as 24 hours

At Uplift we offer legal funding as low as $500, to as much as $250,000! Unlike many lawsuit non-recourse loan third-party funders in New York, we exclusively charge simple, non-compounding rates.

Uplift is always upfront about our percentage fee, and what you will have to pay back. We don’t have any surprise fees or try to mislead you. We will answer your call in a timely manner, and get your approval in as little as 24 hours.

Also, Uplift offers tools like the pre-settlement lawsuit loan calculator and a guide on how you should choose a lawsuit funding company to help you in your search.

Next Steps

In personal injury lawsuits, many plaintiffs find themselves out of work due to their injuries, putting them in a difficult financial situation. On top of lost wages, a plaintiff’s medical bills and litigation expenses can be high as well leading to financial strain and financial stress. Unfortunately, due to the compilation of loss of wages, and the cost of living, many plaintiffs are in need of some extra help. New York is a large state, the 4th largest in America. As such accidents happen, and when they do, Uplift wants to help provide financial support. Start the application process today, call us at (800) 385-3660 or apply online.