Wyoming Lawsuit Loans

Introduction to Lawsuit Loans in Wyoming

If you’re involved in a lawsuit in Wyoming and need funds, lawsuit loans may be a viable solution for you. A lawsuit loan can provide you with the financial backing you need while your case is being settled. Not only this, it can help alleviate any immediate financial stress caused by mounting legal fees and associated costs.

At Uplift Legal Funding, we are dedicated to providing lawsuit loan services that are transparent, dependable, and straightforward. This service can be particularly beneficial if your case takes longer than anticipated to settle, allowing you to maintain your financial stability.

In the following sections, you will find information on different aspects of lawsuit loans in Wyoming, like types of cases eligible for such loans, how they’re regulated, and what Uplift Legal Funding offers. So, let’s dive right in!

Accident Injury in Wyoming

Wyoming’s yearly injury death rate of 85.5 per 100,000 places it 42.3% higher than the national average of 60.1.

Wyoming residents drive an estimated total of 10 billion miles yearly. That means the average Wyoming resident drives about of 16,374 miles per year. That figure is 70.0% 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. Wyoming residents are fairly bad when it comes to buckling up, reporting a 77.0% use rate.

The drinking rate in Wyoming or the percent of people who report drinking too much before driving at least once in the prior month is 2.2%, which is 19.0% higher than the national average of 1.8%.

In part due to these factors, the car accident fatality rate in Wyoming is 24.7. This compares unfavorably to the US national average of 10.9 and costs the state $127 million yearly.

Wyoming Lawsuit Funding Cheat Sheet

According to Title 1, Ch. 3, Sec. 1-3-105; the statute of limitations for personal injury cases in Wyoming is 4 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 Wyoming, the guideline is modified comparative fault with a 51% threshold. Basically, this means that plaintiff’s share of the fault will offset total damages – Wyo. Stat. § 1-1-109(b). Often, for legal funding requests early-on in a case, companies providing lawsuit loans in Wyoming must assume state minimum policy limits of:

• $25,000 bodily injury liability per person
• $50,000 bodily injury liability per accident
• $20,000 property damage liability per accident

Regulation of Lawsuit Loans in Wyoming

Lawsuit loans in Wyoming 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 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.