North Carolina Lawsuit Loans

Can I Get a Lawsuit Loan in North Carolina?

Yes, you can get a lawsuit loan in North Carolina. Lawsuit loans, also known as legal funding or pre-settlement funding, are available to plaintiffs in North Carolina who are involved in ongoing lawsuits and require financial assistance during the legal process.

Navigating North Carolina’s legal system can be complex, and having access to financial resources that can sustain you throughout your legal battle is essential. Mayfair Legal Funding is here to support your journey towards justice in North Carolina, ensuring that you have the resources you need to fight for your rights.

North Carolina Lawsuit Loans FAQ's

At Mayfair Legal Funding, we’ve streamlined the lawsuit loan process to make it as straightforward and convenient as possible for plaintiffs in North Carolina. Here’s what you can expect when you choose us for your legal funding needs:

  1. Application. Start by filling out our easy online application or giving us a call. Our friendly team is here to assist you at every step.
  2. Evaluation. Once we receive your application, we’ll promptly review your case and determine your eligibility. Unlike traditional loans, our decision is based on the strength of your lawsuit, not your credit history or employment status.
  3. Approval. Upon approval, you can anticipate receiving your funds quickly, often within 24 hours. We offer competitive rates and flexible terms to suit your unique circumstances.
  4. Use of Funds. You have the freedom to use the funds as you see fit. Cover medical bills, everyday 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 in North Carolina as smooth as possible. With our easy lawsuit loan process, you can focus on what matters most: pursuing justice and securing your financial stability.

A cash advance can be a vital lifeline during challenging times. We believe in providing you with the flexibility to address your immediate financial needs, such as, but not limited to:

– Medical Bills

– Rent or Mortgage Payments

– Groceries and Utilities

– Car Payments

– Household Expenses

Our cash advances are designed to give you the freedom to prioritize your most pressing financial obligations, ensuring that you can focus on what matters most during your legal journey.

Understanding how North Carolina’s personal injury laws intersect with pre-settlement funding is essential for individuals seeking financial assistance during legal proceedings. Here’s an informative overview of its key aspects:

North Carolina Statute of Limitations

In North Carolina, personal injury lawsuits are subject to a strict three-year statute of limitations, which typically commences from the date of the accident. This means that individuals who have suffered injuries due to another party’s negligence have a limited timeframe within which they must initiate legal proceedings to seek compensation for their losses.

Consequences of Missing the Deadline

Failing to adhere to the statute of limitations can have severe repercussions. If the prescribed deadline passes without the lawsuit being filed, the injured party forfeits their right to pursue legal remedies for the injuries and associated damages incurred as a result of the accident. This underscores the critical importance of timely legal action.

Extensions for Filing Deadline

There are circumstances in which the standard filing deadline can be extended. One such scenario involves cases where the injured party is a minor or is considered legally incompetent at the time of the incident. In such instances, the three-year clock for commencing the personal injury lawsuit may not begin until the legal disability is removed.

Additionally, if the defendant responsible for the injuries relocates out of the state or remains absent for a continuous period of one year or more after the accident, this absence may not be counted as part of the three-year statutory period.

Partial Fault and Contributory Negligence

North Carolina adheres to a strict legal doctrine known as “contributory negligence.” Under this rule, if the plaintiff is found to bear any degree of fault for the accident, even a minor percentage, they are barred from recovering any compensation from other parties deemed at fault. This uncompromising principle places a significant burden on injured parties to establish their complete innocence in accidents.

Insurance Claims and Contributory Negligence

While the contributory negligence rule applies primarily to personal injury lawsuits that proceed to trial, it also influences insurance claims. Insurance adjusters factor in the potential impact of contributory negligence when negotiating settlements.

Consequently, plaintiffs who share even a fraction of the blame for an accident may encounter challenges in securing a fair settlement that adequately accounts for their losses.

Damages Caps

North Carolina imposes limitations on certain types of damages in specific categories of cases. For instance, in medical malpractice lawsuits, non-economic damages—such as compensation for pain and suffering—are capped at just over $650,000, with periodic increases.

In all types of injury cases, punitive damages, which are designed to punish egregious wrongdoing, cannot exceed the greater of three times the plaintiff’s actual compensatory damages or $250,000. These caps serve to restrict the potential financial recovery for injured parties in certain circumstances.

Strict Liability for Dog Owners

North Carolina enforces a “strict liability” statute concerning dog owners in most cases involving dog bites. This means that dog owners are typically held liable for damages resulting from a dog bite, irrespective of the animal’s previous behavior. There may be exceptions and nuances to this rule, but it establishes a high level of accountability for dog owners in the state.

It’s important to remember that while pre-settlement funding can provide financial relief during a legal battle, it is not a replacement for legal advice. Consulting with an experienced attorney is essential to navigate the intricacies of North Carolina’s personal injury laws and ensure that you make informed decisions throughout your legal journey.

What are North Carolina Lawsuit Loans?

Lawsuit loans, also known as legal funding or pre-settlement funding, are a financial resource available to individuals involved in legal proceedings. These loans are a lifeline for plaintiffs who find themselves in the midst of legal battles and face financial hardships due to the lengthy and often unpredictable nature of lawsuits.

In essence, a lawsuit loan is not a traditional loan but rather a cash advance provided to plaintiffs in exchange for a portion of their potential settlement or judgment. This advance helps plaintiffs cover various expenses, such as medical bills, living costs, and other financial obligations, while they await the resolution of their cases.

Whether you’re in North Carolina or any other state, lawsuit loans can be a vital tool in maintaining financial stability throughout the legal process.

Cities in North Carolina Supported by Mayfair Legal Funding

Whether you need lawsuit funding in Charlotte, Raleigh, or any other city in the state, we’re here to offer our assistance. Here’s a list of the major cities in North Carolina where our services are readily available.

Our goal is to ensure that individuals throughout the state have the financial support necessary to pursue justice without the additional burden of financial concerns:

  • Charlotte
  • Raleigh
  • Greensboro
  • Durham
  • Winston-Salem
  • Fayetteville
  • Cary
  • Wilmington
  • High Point
  • Greenville
  • Asheville
  • Concord
  • Gastonia
  • Jacksonville
  • Chapel Hill
  • Rocky Mount
  • Huntersville
  • Burlington
  • Wilson
  • Kannapolis
Types of Pre-Settlement Funding We Service

At Mayfair Legal Funding, we understand that personal injury cases can vary widely, and each case is unique. We provide pre-settlement funding for a range of personal injury cases, such as the following:

Car Accidents

Slip and Fall Incidents

Medical Malpractice Claims

Product Liability Lawsuits

Workplace Injuries

Wrongful Death

Our goal is to assist individuals involved in these and other personal injury cases by providing them with the financial resources they need to cover expenses while their cases are pending. We believe that financial stability should not be a barrier to pursuing justice, and our pre-settlement funding options are designed to address this need.

North Carolina Lawsuit Funding Laws and Regulations

North Carolina does not have dedicated laws explicitly addressing legal funding for plaintiffs. As a result, legal funding services for plaintiffs are considered legally permissible within the state.

But, despite of this, North Carolina law regard pre-settlement lawsuit funding as a loan and is governed by the lending regulations outlined in G.S. 24-1.1A. For loans amounting to less than $25,000, the applicable interest rate is determined as the lower of 16% or the 6 Month Treasury Rate plus 6%.

Understanding these laws and regulations is vital for individuals seeking lawsuit loans in North Carolina. Mayfair Legal Funding is well-versed in the legal landscape of the state and operates within the framework of these regulations to provide fair and compliant lawsuit funding solutions. We are committed to ensuring that plaintiffs receive responsible and transparent financial support during their legal journey.

Ready to Secure Your North Carolina Lawsuit Loan?

If you’re encountering financial difficulties while pursuing your lawsuit in North Carolina, Mayfair Legal Funding is here to provide assistance. Our team specializes in offering lawsuit loans designed to fit your individual situation. With competitive rates, clear terms, and a dedication to your financial well-being, we’re the reliable partner you can depend on during this demanding period.

Top-Ranked North Carolina Personal Injury Lawyers

1. Asi Jackson, Jackson Law Center, PLLC

4030 Wake Forest Rd. Suite 300

Raleigh, North Carolina 27609

(919) 719-2742

2. Justin Bice, Bice Law LLC

421 Fayetteville St Suite 1100

Raleigh, NC 27601


3. Bradley Coxe, Hodges & Coxe, LLP Law

3907-100 Wrightsville Ave.

Wilmington, NC 28403

(910) 772-1678

4. Dexter Benoit, Benoit Law Firm, PLLC

1514 S. Church Street, Suite 106

Charlotte, NC 28203


Hiring a competent, experienced, and licensed personal injury attorney in North Carolina is essential for several reasons:

  • Knowledge of State Laws
  • Maximizing Compensation
  • Negotiation Skills
  • Litigation Experience
  • Peace of Mind

When seeking a personal injury attorney in North Carolina, consider their experience, track record, and commitment to your case. A knowledgeable lawyer can make a significant difference in the outcome of your personal injury claim.

North Carolina Updated Auto Accident Statistics

North Carolina has witnessed a significant number of car accidents, with eye-opening statistics revealing the state’s road safety challenges. According to the recent report by the North Carolina Dept. of Transportation in 2020, a total of 247,214 traffic crashes were reported throughout the state, though there was a decrease of more than 9% compared to the previous year. Despite this decline in total crashes, fatalities increased by 12.8%, reaching 1,658.

Distracted driving and alcohol involvement remained significant factors in accidents, contributing to 44,128 and 11,475 crashes, respectively. Additionally, injuries from these accidents totaled 105,382, highlighting the importance of understanding the risks and safety measures when navigating North Carolina’s roads.

Statistic 2020
Total Traffic Crashes 247,214
Total Fatalities 1,658
Crashes with Distracted Drivers 44,128
Crashes with Alcohol Involvement 11,475
Injuries in Crashes 105,382
Fatalities Related to Speeding 25.1%
Fatalities Involving Alcohol 24.8%
Lane Departure Fatalities 56.2%

Don’t hesitate to reach out to us today at (888) 357-1338 to explore your North Carolina lawsuit loan options; we are fully prepared to support you on your path to seeking justice.