Mississippi Lawsuit Loans
- Get Cash as Soon as the Same Business Day
- Rates as Low as 2.5% Simple, Monthly
- Repay $0 if You Lose Your Case
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Important Mississippi Lawsuit Loan Information
Understanding the fundamentals of lawsuit loans in your specific location can greatly influence your decision-making process. This section provides a brief summary of lawsuit loan particulars in the state of Mississippi. Review the information below to make informed decisions about getting a lawsuit loan in Mississippi.
| Average loan amount by LawsuitLoans.io in Mississippi | $4,936.76 |
| Largest loan by LawsuitLoans.io in Mississippi | $11,530.43 |
| Average semi-annual rate in Mississippi | 22.1% |
| Median personal injury verdict in Mississippi | $31,000.00 |
| Mississippi statute of limitations | 3 years; Mississippi Code Ann. Section 15-1-1 |
| Mississippi fault laws | Mississippi is an “at-fault” or “tort” state, meaning the driver found to be responsible for the accident is liable for damages. |
How Lawsuit Loans Work
Here’s how the lawsuit loan process works in three easy steps. The entire process can be completed within 24 hours with your attorney’s help.
Apply Online or Call Toll-Free
Apply online or call us toll-free at (866) 594-1343. Submitting your application takes minutes.
We Review Your Case
Next, we contact your law firm and collect basic information to review your case. Review only takes a few hours.
You Receive Funds
You and your attorney review and sign our funding contract. Once complete, you can have funds within hours.
How Much Money Can I Get From my Lawsuit Loan?
Lawsuit loans from LawsuitLoans.io can range anywhere from $500 to over $1,000,000. The amount we can advance you depends on the current status of your case. If your case is still in progress, we can give up to a maximum of 25% of your expected portion of the settlement. But if your case has settled, we can offer up to 50% of your expected portion of the settlement.
Let’s dive into a concrete example. Consider a plaintiff in Mississippi involved in a car accident case with an estimated value of $100,000. The case hasn’t been settled yet and it won’t settle for some time. Typically, medical providers receive around 1/3 of the settlement, the attorney gets another 1/3, leaving around $33,000 for the plaintiff. In this situation, we can advance around 25% of the plaintiff’s share, which comes out to approximately $8,250.
Get an Instant Quote
Input your requested funding amount and the time your case may take to settle here to see your potential savings and costs when you choose LawsuitLoans.io. While we sometimes offer rates as low as 2.5%, our calculator assumes a simple, non-compounding monthly rate of 3.3%. This calculator is for illustrative purposes only. Actual terms may differ. Please contact us for an instant, written quote for your request.
Advance Amount:
Months Until Settlement:
$2,900
Total Cost
Pay $2,900 on a lawsuit loan of $10,000 if your case settles within 6 months of your advance.
$1,697
Your Savings
Save $1,428 compared to competitors on a lawsuit loan of $10,000 if your case settles within 6 months of your advance.
33%
Percent Savings
Save 33% on a lawsuit loan of $10,000 if your case settles within 6 months of your advance.
Common Case Types We Fund in Mississippi
At LawsuitLoans.io, we fund various types of cases. Here are some of the most common case types we fund in Mississippi:
- Auto and other roadway accidents: This includes accidents involving cars, trucks, motorcycles, pedestrians, and bicycles.
- Premises Liability: If you’re hurt on another person’s property due to their negligence, you may have a premises liability case.
- Medical Malpractice: When a healthcare professional’s neglect causes injury or harm, it is considered medical malpractice.
- Labor Law Claims: These involve disputes related to work, including unfair dismissal and workplace discrimination.
- Employment Claims: Such claims typically arise when an employee doesn’t get fair treatment at work.
- Other Personal Injury Claims: Any claim where a person gets hurt due to someone else’s negligence falls under this category.
For more detailed information on each case type and to see if your case qualifies for funding, visit the Mississippi Personal Injury Loans and Mississippi Car Accident Loans pages on our website.
Get up to $500,000 With Rates as Low as 2.5% Simple, Monthly
Am I Eligible for a Lawsuit Loan in Mississippi?
When it comes to being eligible for a lawsuit loan in Mississippi, there are certain criteria you need to meet. For a start, you must have a valid legal claim. This could be against an insurance company, a self-insured company, or a large public entity. Having involved in any personal injury or legal claims with these entities can be valid ground for applying for a loan.
Secondly, you should be 18 years old or older because, in most states, including Mississippi, you’re considered as an adult at the age of 18, and hence, are legally capable of engaging in contracts. So, if you’re under the age of 18, unfortunately, you may not be eligible for a lawsuit loan.
Thirdly, to take out a lawsuit loan, it’s crucial that you’ve a lawyer representing you. Your attorney is your guide throughout this complex process since they understand all the legal aspects that surround your case. They’ll not only give advice on whether a lawsuit loan is your best option, but they can also assist you in the application process.
In conclusion, though the eligibility requirements for lawsuit loans might seem basic, failing to meet any one of them might hinder your chances at securing a lawsuit loan. So, you must ensure that you meet all the above-mentioned conditions before starting your application with LawsuitLoans.io.
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What Can I Use the Money From My Lawsuit Loan For?
The primary purpose of a lawsuit loan is to ease your financial burden during the course of your legal case. When you apply for this type of funding from LawsuitLoans.io, the funds you receive can go towards various expenses in your day-to-day life. These can be things like monthly bills, household necessities, groceries, and even rent or mortgage payments.
Another critical aspect to consider is medical expenses. If you’ve suffered a personal injury, there may be ongoing costs related to your care and recovery. These can range from hospital stays and medication to physiotherapy and specialist visits. The funds from your lawsuit loan can help cover these high cost requirements, so that you can focus on getting better without worrying about financial stress.
However, it’s important to note that there is one main type of expense that your lawsuit loan funds cannot cover: litigation or legal case expenses. This means you cannot use the money to pay your lawyer’s fees, court costs, or other expenses directly associated with the progression of your legal case.
Overall, use your funds wisely – they are there to help ease your burdens during a difficult time. Getting a loan from LawsuitLoans.io can provide a much-needed lifeline until your lawsuit resolves and you receive the settlement you deserve.
Mississippi Pre-Settlement Funding FAQs
In this section, we will answer frequently asked questions by Mississippi residents about pre-settlement funding.
How much does it cost to get a lawsuit loan?
The cost of a lawsuit loan varies based on a number of factors. This includes the amount of money you need, the expected outcome of your lawsuit, and the length of time until your case is settled. We recommend contacting us directly or applying online for a detailed quote.
Do I qualify for a lawsuit loan?
Eligibility for a lawsuit loan depends largely on the merit of your legal claim. If you have a strong case and a lawyer representing you, chances are high that you qualify for a loan. Complete our online application or contact us to learn more.
How much funding can I get?
The amount of the funding you can receive is generally based on the expected value of your lawsuit. In many cases, you can receive up to 20% of your expected settlement amount. For more precise figures, please contact us or fill in our online application form.
Get $500 – $500,000 in as Little as a Single Business Day!
We understand that if you’re applying for funding with us, you needed the funding yesterday. With your attorney’s cooperation, we can provide funding as soon as the same business day.
Cities we Service in Mississippi
LawsuitLoans.io provides funding throughout Mississippi. See more about our funding in Mississippi by visiting the city pages below:
Cases we Fund in Mississippi
LawsuitLoans.io provides funding for various personal injury and roadway accident cases in Mississippi. Read more about the personal injury cases we fund in Mississippi here:
- Personal Injury Loans
- Police Misconduct Lawsuit Loans
- Medical Malpractice Lawsuit Loans
- Slip and Fall Lawsuit Loans
- Premises Liability Loans
- Dog Bite Lawsuit Loans
- Wrongful Death Loans
Read more about the roadway accident claims we fund in Mississippi here:
Get up to $500,000 With Rates as Low as 2.5% Simple, Monthly
Does LawsuitLoans.io Directly Fund Cases in Mississippi?
While LawsuitLoans.io operates as a direct funder in most states it services, we act as a broker and originate funding requests to a select group of partner funding companies in Mississippi.