Are you struggling financially as you wait for a lawsuit settlement in North Carolina?
You aren’t alone. Many personal injury plaintiffs in North Carolina struggle financially due to the long and complex nature of these cases.
At Nova Legal Funding, we offer pre-settlement funding arrangements, providing our clients with immediate financial support. Apply for a pre-settlement loan online or call us anytime at 800-760-0704. Our friendly staff will answer all of your questions and help you get approved for a cash advance on your pending lawsuit.
It is common for injured folks in North Carolina to seek a lawsuit loan prior to their case being settled. Suffering a personal injury can prevent you from attending work, which can lessen your wages. Financial legal costs, medical bills, and everyday living costs take up most, if not more, of an average income. Insurance companies are known to play on this and delay proceedings even further, in the hope that financial hardship will force plaintiffs into accepting a lower settlement than they deserve.
At Nova Legal Funding, our assistance gives you and your attorney that space to negotiate the best possible settlement. Our non-recourse cash advances are risk-free for North Carolina plaintiffs. We can get the money within your hands within 24 hours of approval of your application. Apply for a pre-settlement loan online or call us anytime at 800-760-0704 for quick and easy funding.
Want to learn more about how pre-settlement funding in North Carolina works? We encourage you to watch the short video below for an explanation of the process:
Want more information but aren’t ready to speak with us? We invite you to review additional resources on our website that will answer your questions:
- Your Ultimate Guide to Pre-Settlement Lawsuit Loans
- How to Find the Best Pre-Settlement Loan Company for You
- Denied a Lawsuit Loan? Learn Your Options from Here
- Insider Tips: What Plaintiffs Should Know Before Getting a Pending Lawsuit Loan
Laws and Regulations of Pre-Settlement Funding in North Carolina
Important North Carolina Legal Information
| Avg. Funding per case from Nova Legal Funding | Nova can fund anywhere from $500 up to $2,500,000 depending on case value. |
| Fault Laws | Pure Contributory Negligence Plaintiff may not recover if his negligence proximately caused his injury. Smith v. Fiber Controls Corp., 268 S.E.2d 504 (N.C. 1980); N.C.G.S.A. § 99B-4(3) (Product Liability). |
| Statute of Limitations | 3 years Title 1, Section 1-52 |
| Minimum policy limits for bodily injury & property damage | $30,000 bodily injury liability per person $60,000 bodily injury liability per accident $25,000 property damage liability per accident |
| Minimum UIM auto insurance limits | Liability: 30/60/25 UM BI: 30/60 UMPD: $25,000 |
| Workers compensation eligibility | Not Eligible |
Pre-settlement funding is legal in North Carolina, with the State Bar insisting that an attorney must believe any agreement to be in the client’s best interest, and will not receive any compensation of their own.
Lenders must be licensed to loan money, clearly lay out the terms in all contracts, and respect permissible interest rates.
North Carolina Personal Injury Law: How Does it Affect Legal Funding?
Under North Carolina’s statute of limitations, personal injury plaintiffs have 3 years in which they may file a claim against those responsible in court. It is unlikely an injured party will be eligible for any compensation if they attempt to begin a lawsuit after this period.
North Carolina organizes compensation based on the pure contributory negligence system. This takes the plaintiff’s role in their own injury into account, and can significantly impact how much money they receive in the final payout. For instance, if the courts believe the plaintiff is 40% responsible for their injury, they will then lose 40% of the total compensation. If they are said to be 50% or more at fault, they will receive no payout whatsoever. This system applies to every party involved in an accident, e.g. a person 60% responsible for causing the plaintiff’s injury will pay 60% of the damages.
There are no damage caps for personal injury lawsuits in North Carolina, except for some exceptions. Non-economic damages (pain and suffering), for example, are capped at $500,000 in medical malpractice cases. Punitive damages are rarely awarded in personal injury cases, but when this does occur the damages cannot exceed $250,000, or three times the amount of damages in compensation, whichever figure is greater.
In North Carolina, dog owners are strictly liable for any injuries their pet causes to another person, regardless of the animal’s previous behavior.
Notable Personal Injury Lawyers in North Carolina
There are many talented personal injury lawyers who would be delighted to take on your case in North Carolina:
Matthew Fleishman
132 N McDowell St, Charlotte, NC 28204
Robert E. Whitley
3301 Benson Dr #120, Raleigh, NC 27609
Marcus Hayes
608 Pisgah Church Road, Suite 201, Greensboro, NC 27455
David D. Daggett
2140 Country Club Road, Winston-Salem, NC 27104
Lisa Lanier
1304 Fort Bragg Rd., Fayetteville, NC 28305
Ann M. David
1516 Dawson St, Wilmington, NC 28401
Car Accident and Fatality Statistics in North Carolina
In 2017, a motor vehicle crash occurred every 34 minutes in North Carolina, according to the findings from the state’s Department of Transportation (DOT). The findings also showed that one person died every three days as a result of a crash.
As per the U.S. Department of Transportation’s Fatality Analysis Reporting System, North Carolina experienced 1,306 fatal crashes which claimed the lives of 1,412 people in 2017. Of those involved in deadly traffic accidents, 43% were car occupants while 54% of all crashes resulted from a single-vehicle. The majority of fatal motor vehicle crashes (64%) occurred in rural areas of North Carolina, significantly above the U.S. average of 46%.
Nova Legal Funding provides pre-settlement loans to drivers in North Carolina who are currently involved in traffic cases. The most common cases we cover are:
- Pedestrian accident
- Auto accident lawsuit loans
- Tractor trailer accident (truck accident)
- Bus accident
- Bicycle accident
- Motorcycle accident
At Nova Legal Funding, our team is happy to provide a free case evaluation to all personal injury plaintiffs. Contact us today to learn more about lawsuit funding in North Carolina.
North Carolina Lawsuit Funding FAQs
Do I qualify for a lawsuit loan in North Carolina?
Personal injury plaintiffs living in North Carolina are eligible for pre-settlement funding provided they have sustained an injury within the state, as a result of another person or entity.
Does Nova Legal Funding offer a lawsuit loan or cash advance?
Though commonly referred to as a lawsuit loan, we actually provide customers with a cash advance against their eventual lawsuit settlement. This is a wholly non-recourse payment that plaintiffs only pay back if they win the case or obtain a settlement.
Does it matter how the lawsuit funding is spent?
Pre-settlement loans are commonly used to pay off debts, cover the mortgage, and take care of general living expenses, however, there is no limitation on how you spend this cash advance.
Apply For Lawsuit Funding in North Carolina Now
Here at Nova Legal Funding, we have the skills and experience to take charge of legal funding in North Carolina. We are proud to provide our customers with immediate financial support within 24 hours of application approval. Contact our team today to find out more about our pre-settlement funding in North Carolina.
Call us toll-free at (800) 760-0704 to speak with a friendly funding specialist today.