New York Lawsuit Loans

At Mayfair Legal Funding, we understand that navigating the legal process can be challenging, both emotionally and financially. That’s why we’ve made obtaining a lawsuit loan in New York a straightforward and hassle-free experience.

Here’s how our process works:

1. Application. Begin by filling out our easy online application form or giving us a call. Our friendly team is here to guide you through the process.
2. Evaluation. We’ll review your application and evaluate the merits of your case. Unlike traditional loans, our decision is based on the strength of your lawsuit, not your credit history or employment status.
3. Approval. Once approved, you can expect to receive your funds quickly, often within 24 hours. We offer competitive rates and flexible terms to suit your needs.
4. Use of Funds. You are free to use the funds as you see fit. Cover medical bills, legal fees, living expenses, or any other financial obligations you may have during your legal battle.
5. Repayment. Repayment is only required if you win your case. There are no monthly payments, no upfront fees, and no hidden costs. If you don’t win, you owe us nothing.
6. Resolution. Once your case is resolved, your attorney will disburse the settlement funds. We will then receive the agreed-upon portion to repay the lawsuit loan.

We are dedicated to making your journey through the legal process as smooth as possible. With our straightforward lawsuit loan process in New York, you can focus on what matters most: pursuing justice and securing your financial stability.

Our commitment at Mayfair Legal Funding revolves around providing our clients with flexibility and support precisely when they need it most. Our cash advances act as a vital resource to help you navigate financial challenges while awaiting your settlement.

These funds can be utilized to cover a variety of daily expenses, including:

– Medical Bills

– Rent or Mortgage Payments

– Groceries and Utilities

– Car Payments

– Household Expenses

With the flexibility of a cash advance, you have the freedom to address your immediate financial needs, ensuring that you can focus on your case without worrying about essential expenses.

Understanding New York’s personal injury laws is essential when considering pre-settlement funding. Here, we delve into some key aspects of New York’s legal landscape that impact both plaintiffs and legal funding providers:

Statute of Limitations

In New York, there’s a legal time limit, known as the statute of limitations, which sets the deadline for filing a personal injury lawsuit. For most personal injury cases, you have three years from the date of the injury to initiate legal proceedings. If you miss this deadline, the court will likely refuse to hear your case, and you may lose your right to seek compensation for your injuries.

Shared Fault

New York follows a legal principle called “pure comparative negligence.” This rule determines compensation based on each party’s level of fault in an accident. If you share some blame for the incident, your compensation will be reduced proportionally to your percentage of fault. For example, if you are found 10% responsible for a car accident, your compensation will be reduced by 10%. New York courts adhere to this rule during trial, but it may also come up in settlement negotiations with insurance adjusters.

No-Fault Insurance

New York operates under a no-fault car insurance system. This means that after a car accident, you typically turn to your own insurance company to cover medical expenses and certain economic losses, regardless of who caused the accident. You can only pursue a liability claim or personal injury lawsuit against the at-fault driver if your injuries meet the state’s “serious injury” threshold. This threshold includes conditions like significant disfigurement, bone fractures, permanent limitations, or substantial disability for 90 days.

Dog Owner Liability

In New York, dog owners can be held responsible for injuries caused by their dogs if it can be demonstrated that the owner was negligent or aware of the animal’s dangerous propensities. This legal principle places responsibility on the dog owner to prevent harm caused by their pet.

Damages

Unlike some states that impose limits or “caps” on the amount of compensation that can be awarded in personal injury cases, New York does not have such restrictions. This means that in New York, there are no predefined maximum amounts for damages, providing more flexibility in seeking compensation for injuries.

It’s important to work with a reputable legal funding provider that understands the intricacies of New York’s personal injury laws. We take into consideration the state’s statutes, liability rules, and other legal factors when evaluating funding applications, ensuring that plaintiffs receive fair and responsible financial support during their legal journey.