Mississippi Car Accident Loans

Every day throughout Mississippi, motorists, cyclists, bikers, and pedestrians are injured in life-changing automobile accidents. Unfortunately, the collision itself is often just the beginning of a long, challenging journey, especially if the negligent actions of another driver caused the accident.

If you were the victim of someone else’s poor decisions, you don’t have to shoulder the financial and medical burden of recovery alone. State law allows you to pursue compensation from the at-fault party and obtain Mississippi car accident loans while waiting for your settlement. Apply with High Rise Financial to get the extra cash you need now.

Is Car Accident Lawsuit Funding Legal in Mississippi?

The legality of lawsuit funding varies from state to state. Some states highly regulate it while others prohibit it entirely. Car accident legal funding in Mississippi is legal in most circumstances, however, so long as the specifics of the contract do not violate the state’s champerty laws.

Champerty is a legal doctrine that forbids third-party influence on the outcome of a lawsuit. This law aims to stifle frivolous lawsuits financed by outside parties who then steer the case a certain way for their own benefit. 

Mississippi state courts tend to uphold legal funding agreements. They only invalidate specific contracts if the financing company influences the case’s outcome. 

Mississippi Laws that Could Limit Your Funding Amount

Other than champerty regulations, several other Mississippi laws can impact your ability to fund your legal claim. Since we can only lend up to 20% of your case’s value, anything that limits or reduces your potential settlement will also determine how much money we can advance to you. 

For example, you and your attorney will need to keep the following in mind when filing your lawsuit and applying for pre-settlement funding:

• Insurance policy minimums: State law establishes minimum insurance policy coverage that all drivers must carry, including $25,000 for each injured person and $50,000 for each accident. If the at-fault party’s insurance coverage is less than your damages, you may be limited in how much you can collect from them.
• At-fault laws: As an at-fault or tort state, Mississippi law preserves a victim’s right to get compensation from the party that caused their injuries. While you’re likely to get reimbursed under this system eventually, the process can take longer than in no-fault states since you can’t get your payout until liability is determined.
• Pure comparative negligence rule: You can still sue if you are partly at fault for your injuries, but your settlement or jury award will be reduced according to your portion of the blame. For example, the Mississippi Department of Transportation (MDOT) reports that 22.1% of motorists in the state don’t wear a seatbelt. This decision can lead to more severe injuries and a reduced settlement. 
• Statute of limitations: Mississippi Code § 15-1-49 generally allows a victim up to three years after an accident to file their lawsuit for compensation. This is a firm deadline that you must meet to get any reimbursement for your losses and to qualify for legal funding.

How Litigation Financing Can Help After Your Accident

No matter how quickly you file your lawsuit after being injured, it can take years to get justice. The defendant’s attorneys will do everything they can to stall your case’s progress, hoping you will get so desperate for cash that you’ll be willing to accept a lowball settlement offer.

With legal funding, you can breathe easy knowing you can pay your bills while you continue to fight for fair compensation. In addition, we can have the funds in your account in as little as one business day, ready for you to use however you wish.

You are free to spend the money on any of the following expenses with no restrictions, regardless of whether they’re related to the crash:

• Medical fees
• Prescription costs
• Monthly utility bills
• Childcare
• Tuition or textbooks
• Clothes and shoes
• Groceries
• Dining out
• Rent or mortgage payments
• Court costs or other legal fees

Best of all, you are not responsible for repaying the money you receive. If you win a settlement, your attorney will use those funds to reimburse us for the money we fronted against your lawsuit. And if you lose your case, the cash is yours to keep and doesn’t need to be repaid.

Apply for Mississippi Pre-Settlement Legal Funding Today

Qualifying for car accident lawsuit financing in Mississippi after a traffic accident is fast and easy. The only factors that matter are the strength of your case and your attorney’s willingness to cooperate. You aren’t personally repaying the money, so we will never ask to see your bank balances, credit score, or proof of income.

Apply for legal funding today with High Rise Financial and have cash in your bank account as soon as the next business day. There are no hidden costs, no application fees, and no risk to you. So, get started by filling out our online contact form or calling our offices today.