North Dakota Lawsuit Loans

Lawsuit Loans Explained for North Dakota Residents

If you’re involved in a lawsuit in North Dakota and struggling financially, a lawsuit loan can be a lifeline. It’s a type of non-recourse advance offered to plaintiffs waiting on a legal settlement or judgment. Unlike a traditional loan, if you lose your case, you don’t have to pay the funds back. This makes lawsuit loans a risk-free option for many individuals dealing with the burden of legal fees and costs of living.

Here at Uplift Legal Funding, we provide you with quick, easy, and transparent lawsuit loans. We understand the physical, emotional, and financial stress you’re facing. Our goal is to help alleviate that financial pressure, allowing you to focus on healing and winning your case.

If you live in North Dakota and are in the middle of a personal injury case, our hassle-free application process and competitive rates make us an excellent choice. Whether you need help covering medical bills, paying rent, or managing daily expenses while your case is ongoing, Uplift Legal Funding is here to assist.

Accident Injury in North Dakota

North Dakota’s yearly injury death rate of 64.8 per 100,000 places it 7.9% higher than the national average of 60.1.

North Dakota residents drive an estimated total of 10 billion miles yearly. That means the average North Dakota resident drives about 13,259 miles per year. That figure is 37.7% 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 Dakota residents are about average when it comes to buckling up, reporting an 81.0% use rate.

The drinking rate in North Dakota or the percent of people who report drinking too much before driving at least once in the prior month is 3.3%, which is 78.5% higher than the national average of 1.8%.

In part due to these factors, the car accident fatality rate in North Dakota is 17.3. This compares unfavorably to the US national average of 10.9 and costs the state $162 million yearly.

North Dakota Lawsuit Funding Cheat Sheet

According to Title 28, Ch. 1, Secs. 28-01-16 and 28-01-18; the statute of limitations for personal injury cases in North Dakota is 6 years; 2 years in wrongful death. 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 Dakota, the guideline is modified comparative fault with a 50% threshold. Basically, this means that plaintiff’s fault reduces recovery. If the plaintiff is mostly at-fault, there is no recovery – N.D.C.C. § 32-03.2-02. Often, for legal funding requests early-on in a case, companies providing lawsuit loans in North Dakota 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

Regulation of Lawsuit Loans in North Dakota

Lawsuit loans in North Dakota remain largely unregulated and most legal funding companies provide funding in the state.

Despite a lack of regulation, reputable companies follow basic best-practice disclosure guidelines for legal funding contracts. Lawsuit lenders nationwide should display rates, fees, and repayment terms prominently.

Lawsuit Loans from Uplift Legal Funding

Uplift is one of the leading providers of non-recourse lawsuit loans in North Dakota. If you have any questions or are interested in learning more about lawsuit loans, apply online or call us today at (800) 385-3660.

Does Uplift Legal Funding Directly Fund Cases in North Dakota?

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