Mayfair Legal Funding offers quick pre-settlement legal funding in Florida which you can access at any stage of your lawsuit. With low non-compounding interest rates and no upfront charges, we can provide a lawsuit loan for your personal injury claim including vehicle collisions, medical malpractice and many more types of legal cases.
As a trusted lawsuit loan provider in the Sunshine State, Mayfair Legal Funding stands out among others with its numerous positive reviews and testimonials. Our commitment to the Florida community is evident through our comprehensive approach to addressing the financial challenges associated with personal injury and medical malpractice claims.
Mayfair Legal Funding proudly serves the entire state of Florida, offering swift cash advances of up to $1,000,000, depending on the nature of your ongoing case. Our quick application process ensures that you can receive your approved cash advance in your bank account within 24 hours, providing an immediate solution to your financial needs. Covering expenses such as medical bills, property damage repair, rent, lost wages, and other daily costs incurred during your case is made easier with our support.
Lawsuit loans from Mayfair are structured as non-recourse loans, utilizing your future compensation as collateral. This approach recognizes the uncertainties associated with legal outcomes and offers a risk-free repayment guarantee. We only get paid when you win your case, and if you happen to lose, you are relieved from the burden of repayment.
To start your application, contact our dedicated team today at (866) 357-1338, or connect with us through our online form for any inquiries or concerns.
In Florida, pre-settlement loans are safe. Classified as a non-recourse loan, pre-settlement loans can only be repaid from the settlement received once the case is won. This means that you don’t have to make monthly payments while the case hasn’t been resolved. If you lose the case, you will not be obligated to make the repayment.
Yes, it is one of the requirements to obtain a lawsuit loan. Plaintiffs must be represented by a contingency-based attorney to help achieve a successful outcome. Lawyers are also equipped with the necessary skills to secure a larger settlement amount and handle the disbursement of funds which benefits both the borrower and the lender.
The tax implications for personal injury settlements in Florida are generally non-taxable. However, certain situations such as punitive damages, lost wages, non-physical injuries, and deducted medical expenses might be taxable. Each case is different so it’s important not to generalize the tax implications of your settlement. A consultation with your attorney on the tax implications of your settlement is advised.
Being involved in a lawsuit can get costly but once you receive your lawsuit loan, you are free to allocate your funds according to your immediate needs. Some common ways to use your funds include medical expenses, debt repayment, legal fees, transportation, educational expenses, home modifications and many other daily costs of living.
The non-recourse nature of a lawsuit loan ensures that repayment is done only after your case is won. A compensation check will be sent to your attorney and he will then handle the disbursement. He will deduct his fees, pay the legal funding company a portion and the loan is repaid. The rest of the remaining balance will go to you.
In the event that you lose your case, the non-recourse structure ensures that you are not obligated to repay the loan since repayment is dependent on the outcome of your case. Mayfair understands the risk and takes its losses.
- Steps To Get Your Legal Funding
- About lawsuit loans in Florida
- What types of lawsuits can you get a loan for?
- How Mayfair Legal Funding Can Help
- Are Lawsuit Loans Legal in Florida?
- Florida Laws and Regulations
- Do I Qualify For Florida Legal Funding?
- How Much Does a Lawsuit Loan Cost?
- How Long Does a Lawsuit Loan Take
- How Much Money Can I Legally Get in Florida?
- Applying for your Florida Settlement Loan is Free
- Florida Updated Auto Accident Statistics
- Top-Ranked Florida Personal Injury Lawyers
To ensure and quick and easy experience in getting your lawsuit loan, we have optimized our application process into three simple steps:
- You Apply: Visit our Apply Now page to provide the details of your case, contact information, as well as of your attorney. Our process includes no credit check, no income verification, no hidden fees and no upfront costs.
- We Review: Our team of experts will evaluate your case and we will work closely with your attorney to ensure we don’t miss anything.
- You Get Funded: Mayfair Legal Funding will then send a contract outlining the terms. Once signed, you receive your cash quickly and securely.
Our goal is to deliver your funds directly to you within 24 hours of applying and your next moves are key to expediting the process. After sending in your application, immediately inform your attorney of your application with Mayfair Legal Funding and grant them authorization to communicate with us.
Lawsuit loans, also known as pre-settlement funding, are a financial lifeline for plaintiffs embroiled in legal battles, providing them with immediate monetary support. Lawsuit loans are designed to alleviate the financial burden individuals face while their cases are in progress, allowing them to manage essential expenses such as medical bills and daily living costs without added stress.
These loans are non-recourse, meaning if the plaintiff doesn’t win their case, there’s no obligation to repay the borrowed amount. This feature underscores the risk-free nature of lawsuit loans, making them a preferred choice for many individuals seeking financial relief during legal disputes.
By opting for a lawsuit loan, individuals can navigate their legal journey with enhanced financial stability and peace of mind, ensuring they are well-positioned to secure favorable outcomes in their legal endeavors.
Lawsuit funding is available for a broad range of personal injury cases, including car accident lawsuit loans, which are among the most common.
Other types of legal funding cover workers’ compensation, negligence, defective products or drugs, slip-and-fall accidents, premises negligence, police brutality, commercial truck accidents, employment and labor law violations, whistleblower (Qui Tam complaints), defective medical devices, and wrongful arrests.
The loan terms and conditions are typically guided by the complexity of the case and the advice of an attorney and the funding company.
At Mayfair Legal Funding, we’re focused on offering pre-settlement funding for a wide range of legal cases in the state of Florida, including personal injury, premises liability, auto accidents, and medical malpractice. Our expertise allows us to handle the unique aspects of your lawsuit effectively, and we’ve received high praise from numerous clients for our support.
A Financial Bridge in Tough Times
We provide essential financial support while you’re awaiting the outcome of your personal injury or other plaintiff’s claim, aiming to ease the stress associated with these periods by offering a financial lifeline.
Merit-Based Approvals
Your eligibility for funding from Mayfair is determined by the strength of your case, not your credit score or income level. We collaborate with your attorney to review your case swiftly, ensuring a risk-free process with funding secured against potential claim proceeds, not your personal assets.
Swift Application Process
Recognizing the importance of time, our application procedure is streamlined for speed and efficiency. Funds are typically dispersed within 24 hours post-approval, ensuring you receive the financial help promptly.
Transparent and Superior Service
Our dedication to clarity, fairness, and exceptional customer care distinguishes us. We’re committed to guiding you through the funding process with transparency and to providing comprehensive support and understanding.
Repayment Conditional on Success
We don’t have any upfront sign-up charges, and we operate on a “No Win, No Fee” basis, meaning you only repay if you win your case. This policy underlines our commitment to your success, with no hidden charges, even in the event of a loss.
Secure and Regulated Services
Mayfair adheres to strict regulatory standards, valuing your privacy and confidentiality above all. We maintain the highest accreditation levels and ensure your information is always protected.
Educational and Financial Guidance
To aid our clients further, we offer extensive resources and free consulting to better understand lawsuit financing. Our experts are here to help you make well-informed decisions.
Mayfair Legal Funding – Your Ally for Justice
Our client-focused approach includes a robust complaint resolution system, ensuring any issues are addressed efficiently. Mayfair Legal Funding stands as more than just a funding source; we’re a dedicated ally in your pursuit of justice, committed to helping you secure the financial stability you need during your legal journey.
Yes, lawsuit loans are legal in Florida and are endorsed by state courts. Mayfair proudly serves the local community in Florida by providing legal funding that serves to plaintiffs, ensuring strict compliance with applicable laws and regulations governing industry practices. Rules and regulations are adhered to in order to safeguard the rights of both parties involved.
Mayfair distinguishes itself as a company that securely offers cash advances to plaintiffs in Florida, maintaining best practices and a comprehensive understanding of governing laws.
Florida has no laws banning or regulating lawsuit loans. Additionally, courts have typically upheld these contracts as valid if there was no interference in the case’s outcome.
But, it does not mean that there are no rules laid out to ensure the protection of consumers seeking such financial assistance. Florida law actually limits how litigation funders can operate, and lawyers must follow guidelines set out by the Florida Bar.
Florida’s statute of limitations mandates that personal injury claims must be filed within four years from the date of the accident. Failing to file within this period means you forfeit your right to seek compensation and, consequently, are ineligible for lawsuit funding.
No-Fault Car Insurance Law, on the other hand, implies that injured car accident victims must rely on their own insurance to cover their losses, regardless of who was at fault. However, exceptions exist for cases involving permanent injury, significant and permanent scarring or disfigurement, or significant or permanent loss of bodily function.
Insurance policy Limits also also plays a vital role in lawsuit settlements. Insurance companies may attempt to hasten settlements, especially when claimants are financially constrained, potentially leading to settlements that are less than what the claimant truly deserves.
These laws and regulations are pivotal as they directly affect the eligibility and the process of acquiring lawsuit funding in Florida.
Secure Your Florida Lawsuit Loan with Mayfair Legal Funding Today
Unlike other loans, lawsuit loans are structured as non-recourse loans. This uses your future compensation as collateral, indicating that by acknowledging the uncertainties that come with legal outcomes, Mayfair offers a risk-free repayment guarantee. Until you win your case, Mayfair doesn’t get paid and if you lose your case, you are free from the burden of repayment.
To qualify for funding in Florida, you must satisfy three essential criteria:
- Individuals must be at least 18 years old.
- Representation by an attorney operating on a contingency basis is required.
- Active involvement in a legal lawsuit is a prerequisite.
It’s important to secure help from a skilled attorney when obtaining a lawsuit loan. The experience and skills of a contingency-based attorney can help increase the chances of a successful outcome. Additionally, their negotiation skills can help secure a larger settlement amount.
It can be challenging to provide a fixed rate since every case is different from the next but Mayfair guarantees fairness and transparency by offering a simple, non-compounding interest rate for pre-settlement loans, ensuring that you benefit from the lowest rates possible. At Mayfair Legal Funding, we prioritize your well-being and comfort, enabling you to cover your expenses confidently while waiting for your case to be resolved.
In determining your interest rate, we assess several factors:
- Complexity of Your Case
- Anticipated Duration
- Expected Compensation
- Overall Strength of Your Case
Lawsuit loans and traditional loans are not subject to the same regulations. The distinction of both is crucial since their interest rates can vary significantly. When finding a legal funding provider, it’s important to take these comparisons into consideration. Mayfair is dedicated to offering transparent and competitive rates to ensure that you receive the best experience.
There’s a different approval process among legal funding companies, each employing its own unique approach. Some companies have simplified their process while some require more evaluation. We advise conducting research to fund the provider that best suits your needs. By exploring and understanding the different approval processes, you can make an informed decision based on your circumstances.
The cash advance you’ll be receiving depends primarily on the details of your case. After evaluating your application, we can give you an overview of the potential cash advance you can receive. Mayfair offers funding ranging from $500 to $1,000,000 depending on the details of your case. After you submit your application, our team will review the details and provide you with a contract that stipulates the loan amount and the interest rate. At Mayfair, we value fairness and transparency which is why there are no hidden fees. If you have further inquiries on lawsuit loans, reach out to us and our team will be ready to provide you assistance.
Click the Apply Now button on the top right of your screen to get started or call us at (888)357-1338 to speak with a helpful and friendly funding specialist. Applying for pre-settlement legal funding with Mayfair is completely FREE. We specialize in funding Florida settlement loans and can quickly qualify you and get the ball rolling for your case. All you need to do is simply provide the facts about your case and the contact information of your attorney.
We offer Florida settlement loans near you in the following locations and more:
- Jacksonville
- Miami
- Tampa
- Orlando
- St. Petersburg
- Hialeah
- Tallahassee
- Fort Lauderdale
- Port St. Lucie
- Cape Coral
We look forward to assisting you with your lawsuit so that you can get the compensation your case merits to cover your expenses.
Florida, known for its bustling streets and highways, has witnessed a substantial number of auto accidents in 2022. The statistics reveal a concerning frequency and variety of accidents, ranging from pedestrian-involved incidents to hit and runs. These numbers underscore the importance of awareness and adherence to traffic rules and regulations to mitigate the risks associated with driving. The data serves as a crucial reminder for drivers to exercise caution and for victims to seek appropriate legal counsel to navigate the complexities arising from such unfortunate events.
| Category | Number | Details |
|---|---|---|
| Total Crashes | 381,156 | Across the state |
| Injuries | 242,622 | From all crashes |
| Fatalities | 3,292 | From all crashes |
| Pedestrian-Involved Crashes | 9,741 | Resulting in 693 fatalities |
| Hit and Run Crashes | 102,568 | Resulting in 255 fatalities and 22,309 injuries |
| Impaired Accidents | 4,829 | Involved alcohol |
| High Accident Counties | N/A | Miami-Dade, Broward, Hillsborough, Orange, Palm Beach, Duval, Pinellas |
This table encapsulates the key statistics from the Florida Department of Highway Safety and Motor Vehicles regarding auto accidents in Florida for the year 2022.
1. Steven L. Frankl, Frankl Kominsky, PA.
2240 Woolbright Road, Suite 201
Boynton Beach, Florida 33426
(561) 800-8000
2. David H. Pollack, The Pollack Law Firm
Coral Gables, FL 33134
305-372-5900
3. Shannon Crosby, Gerson & Schwartz Accident & Injury Lawyers
1980 Coral Way Miami, FL 33145
(877) 475-2905
4. Alejandro “Alex” J. Gonzalez, Wolfson & Leon
1840 W 49th St #734
Hialeah, FL 33012
(305) 285-7071
When dealing with personal injury claims, it is crucial to hire a competent, experienced, and licensed personal injury attorney to represent your claim. A knowledgeable attorney can navigate the complexities of personal injury law, ensuring that your rights are protected and that you receive the compensation you deserve.
They can provide legal advice, gather evidence, negotiate with insurance companies, and represent you in court if necessary. Hiring an attorney with experience in Florida’s specific laws and regulations can make a significant difference in the outcome of your case.
If you’re ready to apply, reach out to our dedicated team today at (866) 357-1338, or connect with us through our online form for any inquiries or concerns.