Wisconsin Lawsuit Loans

Introduction to Lawsuit Loans in Wisconsin

If you are involved in a lawsuit in Wisconsin, you may find yourself in a financially difficult situation. Legal proceedings can be drawn out and costly, and if you’ve suffered a personal injury that has left you unable to work, it can compound your economic stress. This is where lawsuit loans can provide a vital lifeline.

Lawsuit loans, also known as pre-settlement funding, offer you the chance to access a portion of your future settlement now. This financial aid helps take away the pressure of mounting bills or the need to accept an early, low-ball settlement offer from insurance companies.

It’s important to understand that this isn’t a traditional loan; instead, it’s a cash advance against your expected future settlement. There’s no monthly repayment schedule and if you lose the case, you owe nothing back. It acts more like insurance for your pending settlement.

Wisconsin Personal Injury Statistics

Wisconsin has a yearly injury death rate of 65.1 per 100,000. This places Wisconsin much higher than the national average of 60.1, by about 8.3%.

Wisconsin residents drive an estimated total of 62 billion miles yearly, which means that the average resident drives about 10,755 miles per year. To compare, that’s 11.7% higher than the national average of 9,630 miles per year. Aside from miles driven, local seatbelt use and drunk driving habits play a large part in the car accident death rate.

In Wisconsin, residents are fairly bad when it comes to buckling up, reporting a usage rate of 80.0%.

The drinking rate in Wisconsin, measured as the percent of people who reported drinking too much before driving in the prior month, is 67.7% higher than the national average of 1.8% at 3.1%.

Partly due to these factors, Wisconsin’s car accident fatality rate is 9.8. This compares favorably to the US national average of 10.9 and costs the state $692 million yearly.

Wisconsin Legal Funding Cheat Sheet

According to Chapter 893, Sec. 893.54; the civil statute of limitations in Wisconsin is 3 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. Wisconsin’s guideline is modified comparative fault with a 51% threshold. Essentially, this means that plaintiff’s share of the fault will offset total damages – Wis. Stat. § 895.045(1). 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 Wisconsin state minimum policy limits of:

• $25,000 bodily injury liability per person
• $50,000 bodily injury liability per accident
• $10,000 property damage liability per accident
• $25,000 uninsured motorist coverage per person
• $50,000 uninsured motorist coverage per accident

Regulation of Pre-settlement Funding in Wisconsin

Lawsuit loans in Wisconsin 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.

What Type of Cases Qualify for Lawsuit Funding in Wisconsin?

In Wisconsin, a wide array of legal cases are eligible for lawsuit cash advances, including those related to car accidents, wrongful death, medical malpractice, and other personal injury cases. These loans cater to various personal injury subcategories, covering incidents like truck accidents, bike accidents, pedestrian accidents, property injuries, and slip and fall cases.

Furthermore, in Wisconsin, pre-settlement funding is also accessible for legal cases that involve labor law, workers’ compensation, employment negligence claims against insurance companies, and product liability issues.

If you are uncertain about whether your case in Wisconsin qualifies for a lawsuit cash advance, don’t hesitate to call us. Our team will conduct a thorough review to assess your eligibility and discuss your funding options.

What Can You Use Your Wisconsin Pre-Settlement Lawsuit Loans For?

In Wisconsin, lawsuit loans function similarly to personal loans. Once you receive the loan, you have the freedom to use the money as you need, without strict spending guidelines. This flexibility means you don’t have to provide proof of purchase or report your expenses to Uplift, allowing you to use your pre-settlement funding in a way that best suits your situation.

Typically, clients in Wisconsin use their lawsuit loans to cover medical bills and other healthcare expenses incurred while awaiting their settlement. This is particularly helpful for managing increased living expenses due to loss of income. In the state of Wisconsin, plaintiffs face no rigid restrictions or legal limitations on how they can use their settlement money for financial assistance.

It’s important to note, however, that in Wisconsin, as in other states, settlement loans cannot be used to pay attorney fees. This is generally not a problem, as most personal injury attorneys in Wisconsin operate on a contingency basis, earning their fee only if you win your case.

Why Consider Uplift Legal a Pre-settlement Lawsuit Loan in Wisconsin?

Opting for a lawsuit loan from Uplift Legal Funding in the state of Wisconsin comes with several advantages. Key benefits include:

• Client-Centric Approach: In the state of Wisconsin, Uplift Legal Funding focuses on the clients’ needs, adhering to the highest standards in the pre-settlement funding industry, especially for personal injury lawsuits.
• Transparent Interest Rates: Unlike traditional loans, we provide clear, upfront information about the interest rates for our non-recourse cash advances, with a commitment to no hidden fees.
• No Credit Check Required: Our eligibility criteria are based on the merits of your legal case, not your credit history. This means you can access funding today without worrying about a credit check, and there are no obligations for monthly payments.
• Risk-Free Funding: Our funding options in Wisconsin are risk-free. If you don’t succeed in your case, you owe nothing. This assurance is especially crucial for those covering living expenses while dealing with a personal injury lawsuit.

Uplift Legal Funding is dedicated to our mission of being a transparent, client-focused, and risk-free approach to providing lawsuit loans, making us a preferred choice for those seeking financial support during their legal battles.

Lawsuit Loans from Uplift Legal Funding

Uplift funds personal injury claims in most states. If you have any questions or are interested in legal funding, apply online today or give us a call at (800) 385-3660.