Pennsylvania Lawsuit Loans
Uplift Legal Funding provides non-recourse lawsuit loans in Pennsylvania. With a population of 12,802,503, Pennsylvania is the 6th largest state in the United States, and ranks 7th 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, Pennsylvania scores a 10.0. This means that we consider it very easy for plaintiffs to get lawsuit loans in Pennsylvania. Read more information below about the legal funding environment in Pennsylvania.
Accident Injury in Pennsylvania
Pennsylvania’s yearly injury death rate of 67.5 per 100,000 places it 12.4% higher than the national average of 60.1.
Pennsylvania residents drive an estimated total of 101 billion miles yearly. That means the average Pennsylvania resident drives about of 7,885 miles per year. That figure is 18.1% lower 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. Pennsylvania residents are about average when it comes to buckling up, reporting a 84.0% use rate.
The drinking rate in Pennsylvania, or the percent of people who report drinking too much before driving at least once in the prior month is 1.8%, which is 2.6% lower than the national average of 1.8%.
In part due to these factors, the car accident fatality rate in Pennsylvania is 9.4. This compares favorably to the US national average of 10.9, and costs the state $1,600 million yearly.
Pennsylvania Legal Funding Cheat Sheet
According to 42 PA Con. Stat. Section 5524; the civil statute of limitations in Pennsylvania is 2 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. Pennsylvania’s guideline is modified comparative fault with a 51% threshold. Essentially, this means that plaintiff negligence proportionaly reduces recovery and bars recovery if majority at-fault – 42 P.S. § 7102. Its important to keep in mind that if you request car accident lawsuit loans early-on in your claim, legal funding underwriters must assume Pennsylvania 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 Pennsylvania
Lawsuit loans in Pennsylvania remain largely unregulated and most legal funding companies provide funding in the state.
Despite 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.