South Dakota Lawsuit Loans

What are Lawsuit Loans in South Dakota?

Presettlement lawsuit loans in South Dakota are financial agreements where a lending company provides a cash advance to a plaintiff involved in a pending lawsuit. The loan is repaid from the settlement or judgment award. These loans are non-recourse, meaning if the plaintiff loses the case, they are not obligated to repay the loan. They provide financial relief to plaintiffs who may be struggling with expenses while awaiting the resolution of their case.

Average Loan Amount by LawsuitLoans.io	$27,090
Largest Loan Amount by LawsuitLoans.io	$62,469
Average Rate Per 6 Months	20.8%
Median Personal Injury Verdict in South Dakota	$31,000
Statute of Limitations	3 Years; Title 15 Ch. 2 Section 15-2-14
Fault Laws	South Dakota follows the “Modified Comparative Fault with 50% Bar,” allowing a plaintiff to recover damages if they are 49% or less at fault, but they cannot recover if their fault is 50% or more.

Am I eligible for a lawsuit loan in South Dakota?

Eligibility for a lawsuit loan in South Dakota depends on several factors. First, you must be involved in a pending lawsuit or legal claim. This could be a personal injury case, a workers’ compensation claim, or any other type of lawsuit where you expect to receive a settlement or award. Second, you must have a lawyer representing you in your case. Most lawsuit loan companies will not work with individuals who are representing themselves. Finally, the lawsuit loan company will evaluate the strength of your case and your potential settlement amount to determine if you are a good candidate for a loan. It’s important to note that laws and regulations regarding lawsuit loans can vary by state, so it’s always a good idea to consult with a legal professional in South Dakota to understand your options.

You may be eligible for pre-settlement funding in South Dakota if you meet the following requirements:

• You must have a claim against someone for personal injuries, workplace accidents, employment claims, or mass tort litigation in South Dakota.
• You have an attorney representing you.
• Your attorney filed a lawsuit to pursue the claim.
• You anticipate a settlement in your favor for monetary damages.
• The person being sued has insurance coverage to pay your claim.

Most Common Case Funded: Auto or Roadway Accident

Other types of cases funded in South Dakota encompass a range of scenarios:

• Auto accidents, including injuries to pedestrians and bicycle riders.
• Workplace accidents, including construction accidents and claims by injured railroad workers under the Federal Employers’ Liability Act (FELA).
• Premises liability claims, such as slip-and-fall accidents or other mishaps caused by the failure of owners to maintain their property.
• Accidents caused by defective products.
• Medical malpractice claims.
• Mass tort claims and other types of class action lawsuits.
• Employment cases, including construction accidents and wrongful termination, and discrimination.

Our South Dakota Lawsuit Loan Process

When you need financial support during your legal battle in South Dakota, Lawsuit Loans is here for you. Our process is designed to be effortless, allowing you to focus on your case. Here’s how lawsuit loans work in South Dakota:

1. Apply Online or Call Us

Kickstart the process by applying online or calling our toll-free number at (866) 594-1343. It only takes minutes to submit your application.

2. Fast Case Review

Our team promptly contacts your law firm to gather essential case details. Rest assured, we aim to complete the review in just a few hours.

3. Rapid Funding

Once your case is approved, you and your attorney sign the funding contract, and you receive the cash you need within hours.

How much money can I get from my lawsuit loan?

Experience the flexible and tailored funding solutions offered by LawsuitLoans.io. As a premier provider of pre-settlement funding, we empower plaintiffs with a diverse range of options to address their financial needs during the litigation process. Our seamless process prioritizes your peace of mind, ensuring that your legal journey is supported every step of the way. Need lawsuit funding? LawsuitLoans.io offers loans spanning $500 to $1,000,000+. For pre-settlement cases, we can provide advances of up to 15% of your case’s value, while settled cases may qualify for more substantial sums.

How can I use my lawsuit loan money in South Dakota?

In South Dakota, you can use your lawsuit loan money to cover any personal expenses. This includes rent or mortgage payments, medical bills, daily living expenses, legal fees, and even car payments. The money is given to you in a lump sum, and you have the freedom to use it as you see fit.

Why Choose Our Lawsuit Loans: 

• Financial Flexibility: Access funds ranging from $500 to over $1,000,000 to cater to your specific needs.
• Personal Expenses: Cover medical bills, living costs, or even make substantial purchases that were otherwise unattainable.
• No Case-Related Expenses: Funds cannot be used for legal fees or case-related expenses.
• Tailored Support: Lawsuit Loans offers strategic advances of up to 15% of your case’s value for pre-settlement situations and up to 50% for settled cases.
• Apply with Ease: Our straightforward application process puts the funds you need within reach.

Pros and Cons of Presettlement Funding in South Dakota

Pros:

1. Financial Relief: Pre-settlement funding provides much-needed financial support during legal proceedings, helping cover expenses when income is affected by personal injuries.
2. Early Access to Funds: You can receive upfront cash to address immediate bills and living expenses before your personal injury case settles.
3. Avoiding Early Settlement Pressure: With litigation funding, you have the time to pursue a larger settlement without feeling compelled to settle early for a lower amount.
4. Non-Recourse Nature: Pre-settlement loans are non-recourse, meaning you won’t have to repay the loan if you do not win your case, offering peace of mind during the legal process.

Cons:

1. Higher Interest Rates: Pre-settlement funding comes with a higher interest rate than most loans. This is because you do not have to pay back the loan if you lose your case.
2. Legal Consultation Required: Consult with your lawyer before proceeding with the funding application.
3. Additional Paperwork: Complete a preliminary application with basic contact and case information. No application fee or credit check is involved.

Major Cities We Fund in South Dakota

Apply now to get the financial support you need in these major cities.

• Sioux Falls
• Rapid City
• Aberdeen
• Watertown
• Brookings

If your city is not listed, reach out to our LawsuitLoans.io team to discuss your case.

South Dakota Lawsuit Loan Regulations

South Dakota does not have specific regulations for lawsuit loans. However, lawsuit loans fall under the general lending laws and regulations. These include usury laws, which limit the amount of interest that can be charged, and laws requiring clear and transparent loan terms. It’s recommended to consult with a legal professional to understand the specifics.

Presettlement Funding FAQs

1. How much does it cost to get a lawsuit loan?

The cost of a lawsuit loan in South Dakota can vary greatly depending on the specifics of the case and the lending company, but interest rates can range from 2% to 4% monthly.

2. Who qualifies for lawsuit loans?

In South Dakota, a person who has filed a lawsuit and is represented by an attorney can qualify for a lawsuit loan. The lawsuit must be either pending or settled, and the person must be awaiting either a court decision or a settlement payout.

3. How big of a lawsuit loan can I get?

The size of a lawsuit loan you can get in South Dakota depends on the details of your case, including its potential value, but it can range from a few hundred dollars to over a million.