Rhode Island Lawsuit Loans

Can I Obtain a Lawsuit Loan in Rhode Island?

Yes, you can obtain a lawsuit loan in Rhode Island. Lawsuit loans, also referred to as legal funding, provide financial assistance to individuals engaged in ongoing legal cases. They serve to assist in managing living expenses and other financial requirements while the lawsuit is underway.

If you’re facing a legal battle in Rhode Island, it’s essential to understand the options available to you when it comes to lawsuit loans. Whether it’s a personal injury claim, employment dispute, or any other legal matter, Mayfair Legal Funding is here to help you navigate the financial challenges that often accompany a lawsuit.

Rhode Island Lawsuit Loans FAQ's

We’ve simplified the lawsuit loan procedure in Rhode Island, ensuring it’s both straightforward and readily available to our clients.

Here’s a preview of what you can anticipate when you select us for your legal funding requirements:

  1. Initial Consultation: Our team will walk you through the process and evaluate your case.
  2. Application: Fill out the uncomplicated application form
  3. Approval: Once your application gains approval, we’ll present you with a funding offer. You have the flexibility to select the amount you need, and we will outline the associated terms and conditions.
  4. Funds Disbursement: Upon your acceptance of our offer, we will promptly disburse the funds to you. Utilize these funds to cover living expenses, medical bills, or any other financial obligations you may have.
  5. Case Progress: Your lawsuit proceeds as usual, with no concerns about repayment until your case reaches a resolution. If you succeed in your case, the repayment will be deducted from your settlement. In the event of an unfavorable outcome, you owe us nothing.
  6. Effortless Repayment: Repayment is a straightforward and hassle-free process. You don’t need to worry about monthly payments, and you only need to repay the loan if you achieve a favorable outcome in your case.

Our goal is to provide you with the financial stability you need during the often uncertain and lengthy legal process. With our straightforward and client-friendly lawsuit loan process, we’re here to support you every step of the way so you can focus on what matters most—winning your case.

We recognize that life carries on throughout a lawsuit, with ongoing financial obligations.. Upon receiving a cash advance from Mayfair Legal Funding, you gain the freedom to allocate it toward a range of daily expenses:

– Medical Bills

– Rent or Mortgage Payments

– Utility Bills

– Car Repairs or Payments

– Groceries and Household Expenses

Our goal is to provide you with the financial support you need to maintain stability and peace of mind while your lawsuit progresses. Whether it’s medical expenses, housing costs, or other essential bills, a cash advance can help ease the financial burden during this challenging time.

Understanding the legal landscape in Rhode Island is crucial when considering pre-settlement funding for personal injury cases. The state’s laws and regulations play a significant role in shaping the lending policies for residents involved in legal disputes.

Here’s an informative overview of how Rhode Island’s personal injury laws impact pre-settlement funding:

Statute of Limitations

Rhode Island imposes a three-year statute of limitations for filing personal injury cases in its civil court system. This means that individuals have three years from the date of the accident to initiate a lawsuit.

Failing to meet this deadline typically results in the dismissal of the case as time-barred under the statute of limitations. (Rhode Island statutes: Title 9, Chapter 1, Section 9-1-14)

Comparative Fault

Rhode Island follows a “comparative fault” rule, which means that if an injured person shares some blame for an accident, the damages they can recover will be reduced by an amount equal to the percentage of fault assigned to them.

For example, if a person is deemed 10% at fault for an accident and the other party 90%, their damages will be calculated at $10,000, and they will receive $9,000 after reducing it by their 10% share of fault.

Car Accidents and the “Fault” System

Rhode Island operates under a “fault” system for car accidents, meaning the at-fault party’s insurance typically covers damages. Pre-settlement funding providers consider these fault determinations when assessing funding eligibility and potential repayment from settlements.

“Strict” Liability for Dog Bite/Attack Cases

Unlike the “one bite” rule in many states, Rhode Island’s specific statute (R.I. Gen. Laws § 4-13-16) establishes “strict liability” for dog owners. This means that regardless of the dog’s past behavior, an owner is responsible for any injuries caused by their dog. The statute explicitly states that if a dog injures someone while outside the owner’s enclosure, the owner is liable for all the damages sustained.

Damage Caps

Rhode Island does not impose damage caps on personal injury or medical malpractice cases. However, it’s important to note that punitive damages are not recoverable in wrongful death cases within the state.

It’s essential to recognize that pre-settlement funding is influenced by the legal framework of Rhode Island. While these funds can provide valuable financial support during your legal journey, understanding the state’s laws and their implications is crucial.

What are Rhode Island Lawsuit Loans

Lawsuit loans, often referred to as legal funding or pre-settlement funding, are a financial lifeline for individuals involved in legal battles. These unique financial instruments provide plaintiffs with the means to cover their living expenses and other financial obligations while their lawsuits are pending.

A lawsuit loan is not a traditional loan but rather a non-recourse cash advance against the potential settlement or judgment of a lawsuit. This means that if the plaintiff does not win their case, they are not obligated to repay the loan. Lawsuit loans are often used in cases like personal injury claims, employment disputes, and other civil litigation matters.

The primary advantage of a lawsuit loan lies in its capacity to offer immediate financial relief precisely when plaintiffs require it the most. Legal disputes often entail extended durations and the accumulation of substantial financial strain, including medical costs, and various other expenses. Lawsuit loans step in to alleviate this financial burden, enabling plaintiffs to concentrate on their cases without the added concern of their financial situation.

Mayfair Legal Funding in Rhode Island's Major Cities

Mayfair Legal Funding proudly serves clients in various cities across Rhode Island, offering lawsuit loans to individuals who are navigating legal challenges.

Our dedication to assisting those in need extends to several major cities in the state.

We provide our valuable pre-settlement funding services to the following cities:

  • Providence
  • Warwick
  • Cranston
  • Pawtucket
  • East Providence
  • Woonsocket
  • Coventry
  • Cumberland
  • North Providence
  • South Kingstown
  • West Warwick
  • Johnston
  • North Kingstown
  • Newport
  • Bristol
  • Westerly
  • Smithfield
  • Central Falls
  • Barrington
  • Narragansett

No matter where you are in Rhode Island, if you’re facing a legal battle and require financial assistance, Mayfair Legal Funding is here to help. Our services encompass the entire state, ensuring that individuals in these major cities have access to the support they need during their legal journey.

Types of Pre-Settlement Funding We Service

Personal injury cases can vary widely, each presenting its unique challenges. That’s why we offer a range of pre-settlement funding options to assist individuals in different circumstances:

Auto Accidents

Slip and Fall Incidents

Medical Malpractice Claims

Product Liability Lawsuits

Workplace Injuries

Dog Bite Incidents

No matter the nature of your personal injury case, Mayfair Legal Funding is here to help you secure the financial support you need during your legal journey.

Rhode Island Lawsuit Funding Laws and Regulations

Rhode Island does not have specific laws in place to regulate lawsuit funding.

Although there have been attempts to introduce legislation in the past, as of now, there are no statutory regulations governing lawsuit loans in the state. This means that the legal framework for lawsuit funding in Rhode Island remains relatively undefined.

While the state lacks formal regulations specifically governing lawsuit funding, it’s crucial to note that it does have interest rate and usury laws. These laws set the maximum rate that creditors can impose on debt. Without a specific agreement in place, they may charge up to 12%  interest. However, if there is a formal agreement, this rate can extend to 21%.  Certain exceptions apply, including for pawnbrokers, licensed loan providers, retail finance charges, and revolving credit arrangements.

Violating the usury statute is considered a criminal offense, carrying potential consequences of imprisonment for up to five years. Contracts formed in violation of this statute are categorized as usurious and are considered void. This legal framework ensures that lending practices in the state adhere to prescribed interest rate limits and other applicable regulations.

Companies are also encouraged to prominently display interest rates, fees, and repayment terms, prioritizing fairness and clarity for borrowers. These regulations aim to strike a balance between providing financial assistance to individuals engaged in legal disputes and safeguarding against predatory lending practices.

Understanding these laws and regulations is crucial for anyone seeking a lawsuit loan in Rhode Island. They ensure that consumers are protected from predatory lending practices and that funding agreements are fair and transparent.

Explore Rhode Island Lawsuit Loans with Mayfair Legal Funding

If you find yourself in need of financial support during your legal journey in Rhode Island, Mayfair Legal Funding is here to assist you. Our experienced team understands the challenges that can arise when pursuing a lawsuit, and we offer Rhode Island Lawsuit Loans to help you navigate these circumstances.

Top-Ranked Rhode Island Personal Injury Lawyers

Hiring the right attorney for your personal injury claim can significantly impact the outcome of your case. Competent and experienced personal injury lawyers in Rhode Island possess the knowledge and skills needed to navigate the complexities of the legal system, negotiate with insurance companies, and advocate for your rights.

1. Amato Deluca, Deluca & Associates

199 North Main Street

Providence, RI 02903


2. Mark Morse, The Law Office of Mark B. Morse

420 Angell Street Suite 2

Providence, RI 02906

(401) 831-0555

3. Richard S. Humphrey, The Law Offices of Richard S. Humphrey

3852 Main Road

Tiverton, RI 02878


4. Donna M. Nesselbush, Marasco & Nesselbush, LLP

685 Westminster St.

Providence, RI 02903​

(401) 298-9092

A licensed injury attorney can help you in various ways, including:

  • Assessing the Strength of Your Claim. An experienced attorney can evaluate the strength of your case and advise you on the likelihood of success.
  • Maximizing Compensation. They will work to maximize the compensation you receive for medical expenses, lost wages, pain and suffering, and other damages.
  • Negotiating with Insurance Companies. Personal injury lawyers are skilled negotiators who can handle communications with insurance companies, ensuring you receive a fair settlement offer.
  • Representing Your Interests in Court: If your case goes to trial, your attorney will provide effective representation and advocacy on your behalf.

In Rhode Island, personal injury laws can be complex, and having a knowledgeable attorney who understands these laws can make a significant difference in the outcome of your case.

When you’re facing the physical, emotional, and financial challenges that often accompany a personal injury, hiring the right attorney is a critical step toward achieving justice and fair compensation.

Rhode Island Updated Auto Accident Statistics

Rhode Island has demonstrated a positive trend in roadway safety, with a noteworthy decline in traffic fatalities. As of 2022, the state is on track to record one of the lowest numbers of roadway fatalities in two decades.

Data from the state’s Department of Transportation indicates that this figures mark the second-fewest fatalities since 2006, with 2015 being the year with the fewest deaths at 45. Notably, this year’s statistics reveal a change in the composition of roadway deaths, with 31 individuals losing their lives in car and truck accidents, 11 in motorcycle crashes, and seven as pedestrians. Remarkably, there have been no bicycle-related fatalities this year, marking a significant milestone since the onset of the COVID-19 pandemic.

Rhode Island’s annual roadway death figures have typically ranged between 50 and 70 since 2006, according to data from the National Highway Traffic Safety Administration.

As seen in most states, traffic fatalities increased during the pandemic due to less crowded highways and reduced police enforcement, resulting in higher speeding rates.

In comparison, the year 2020 recorded 67 fatalities on Rhode Island roadways, with 63 fatalities in the following year. However, it’s important to note that 2020 was only the second deadliest year for traffic deaths in the last 12 years, with 2017 being the deadliest at 84 fatalities, including 21 pedestrians.

While Rhode Island seems to be making progress in reversing COVID-era traffic death trends, it stands as an outlier among Northeastern states, where many have reported an increase in traffic fatalities. The reasons for this trend in the United States, where traffic deaths have continued to rise despite decreased driving, include factors such as the popularity of large trucks and road designs prioritizing speed over safety.

Therefore, it is essential to emphasize safe and responsible driving practices to ensure the well-being of all road users.

Year Total Fatalities Car and Truck Accidents Motorcycle Crashes Pedestrian Fatalities Bicycle Fatalities
2022 (Preliminary) 49 31 11 7 0
2021 63 N/A N/A N/A N/A
2020 67 N/A N/A N/A N/A

To learn more about our funding options and how we can provide you with the financial assistance you need, contact us today at (888) 357-1338. Your path to financial relief starts here with us.