Uplift Legal Funding partners with companies that provide non-recourse lawsuit loans in North Carolina to seriously injured plaintiffs. Because of regulation in NC, Uplift can only provide funding in excess of $25,000 in North Carolina.
With a population of 10,042,802, North Carolina is the 9th largest state in the United States and ranks 4th 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, North Carolina scores a 1.7. This means that we consider it very tough for plaintiffs to get lawsuit loans in North Carolina. Read more information below about the legal funding environment in North Carolina.
Accident Injury in North Carolina
North Carolina’s yearly injury death rate of 64.1 per 100,000 places it 6.7% higher than the national average of 60.1.
North Carolina residents drive an estimated total of 112 billion miles yearly. That means the average North Carolina resident drives about 11,140 miles per year. That figure is 15.7% 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. North Carolina residents are about average when it comes to buckling up, reporting an 88.0% use rate.
The drinking rate in North Carolina or the percent of people who report drinking too much before driving at least once in the prior month is 1.4%, which is 24.3% lower than the national average of 1.8%.
In part due to these factors, the car accident fatality rate in North Carolina is 13.7. This compares unfavorably to the US national average of 10.9 and costs the state $1,710 million yearly.
North Carolina Lawsuit Funding Cheat Sheet
According to Title 1, Section 1-52; the statute of limitations for personal injury cases in North Carolina is 3 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 North Carolina, the guideline is pure contributory negligence. Basically, this means that no recovery if plaintiff negligence proximately caused the injury – Smith v. Fiber Controls Corp., 268 S.E.2d 504 (N.C. 1980); N.C.G.S.A. § 99B-4(3). Often, for legal funding requests early-on in a case, companies providing lawsuit loans in North Carolina must assume 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
- $30,000 personal injury protection
Regulation of Lawsuit Loans in North Carolina
Bad case law exists and a judge ruled that without legislation, there could be issues, when funders lend in NC, they usually structure it as a loan intentionally to avoid issues. Regulation has been proposed but has not passed.