Written by Mayfair Legal Funding, LLC (Page Updated 05/16/2024)
Mayfair Legal Funding offers quick pre-settlement legal funding in South Carolina 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.
Mayfair Legal Funding, renowned for its favorable reviews, distinguishes itself by actively supporting the local community in the Palmetto State through the provision of cash advances. These advances range from $500 to $1,000,000, depending on the specific details of the ongoing case. Mayfair specializes in funding various case types, including car accidents, medical malpractice, personal injury claims, and commercial litigation, among others.
Operating across the entire state of South Carolina, Mayfair simplifies the approval process with a straightforward application form and a prompt yet thorough evaluation. Clients can secure a cash advance within 24 hours, addressing immediate financial needs during legal proceedings. These funds are versatile and can be utilized to cover a range of expenses, including medical bills, property damage, vehicle repairs, rent, and lost wages.
Mayfair’s lawsuit loans in South Carolina are structured as non-recourse loans. By utilizing future compensation as collateral, this approach acknowledges the inherent uncertainties in legal outcomes, providing a risk-free repayment guarantee. Mayfair only requires repayment upon a successful case resolution, showcasing a client-centric approach and offering financial relief. In the unfortunate event of a lost case, clients are exempt from repayment obligations, underscoring Mayfair’s commitment to a funding solution that prioritizes clients and minimizes risks.
Take the first step towards securing pre-settlement funding with Mayfair Legal Funding. Contact our dedicated team today at (866) 357-1338 or reach out through our online form for any questions or concerns.
Yes, pre-settlement loans are a safe option in South Carolina. Since it’s classified as a non-recourse loan, repayment is only required once you win your case. This means that you won’t have to cash out every month to repay the loan, making the repayment process convenient and hassle-free. If it happens that you lose your case, you don’t have to repay the loan.
Yes, you must be represented by a skilled attorney. Studies show that legal representation positively affects the outcome of the case than those who represent themselves. An attorney is also equipped with the necessary skills to negotiate for the settlement amount you deserve.
In South Carolina, personal injury settlements are not subject to taxation. However, certain exceptions apply. If your settlement includes, punitive damages, non-physical injuries, and settlement from interest, it can be taxable. If have more clarifications on the tax implications of your settlement, it’s advisable to consult your attorney to help you discuss the specifics of your case.
You can use your loan money for different immediate expenses while awaiting the resolution of your case. 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.
Due to its non-recourse nature, lawsuit loans are repaid once you win your case. Your attorney receives the compensation check and he will pay your funding provider with the agreed-upon portion of the settlement. After he deducts his fees, the rest of the remaining settlement is sent to you.
If you lose your case, you don’t owe the legal funding company anything. This is what sets lawsuit loans apart from traditional loans. Your future settlement is used as collateral and repayment will depend on the outcome of your case.
- Steps To Get Your Legal Funding
- About lawsuit loans in South Carolina
- What types of lawsuits can you get a loan for?
- How Mayfair Legal Funding Can Help
- Are Lawsuit Loans Legal in South Carolina?
- South Carolina Laws and Regulations
- Do I Qualify For South Carolina Legal Funding?
- How Much Does a Lawsuit Loan Cost?
- How Long Does a Lawsuit Loan Take
- How Much Money Can I Legally Get in South Carolina?
- Applying for your South Carolina Settlement Loan is Free
- South Carolina Updated Auto Accident Statistics
- Top-Ranked South Carolina 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, more commonly known as pre-settlement funding, provide plaintiffs cash advances that help alleviate the financial strains during legal proceedings in South Carolina. Lawsuit loans provide instant financial relief by helping plaintiffs cover expenses such as medical bills, living costs and other pressing financial needs.
Lawsuit loans do not operate the same rules as traditional loans, emphasizing the distinction between the two. The non-recourse nature of lawsuit loans ensures that repayment is dependent on the outcome of your case. If the case is lost, there’s no obligation to repay the loan.
The goal of lawsuit loans is to ease the financial burden that often comes with being invovled in an active legal case. Plaintiffs may struggle to make ends meet whether that be medical bills, legal fees or other daily costs while waiting for a conclusion, and lawsuit loans help lighten the load by allowing plaintiffs to cover these costs without the pressure of monthly payments.
Lawsuits often take long before they settle. Lawsuit loans in South Carolina serve as a valuable financial option for individuals facing financial challenges while waiting for a case to settle. Understanding the process and selecting a reliable legal funding company are necessary steps in navigating this financial option.
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, 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 South Carolina and are endorsed by state courts. Mayfair provides legal funding in this state. Legal funding companies operate within the bounds of state laws and regulations governing legal funding practices. Borrowers and lenders should be aware of the applicable laws to ensure the protection of all parties involved.
Mayfair confidently offers legal funding to plaintiffs in South Carolina while upholding the best industry practices with our comprehensive understanding of the law.
In South Carolina, strict regulations govern lawsuit funding, resulting in only a few legal lending companies like Mayfair Legal Funding operating in the state. Due to stringent regulations, these companies have a minimum funding requirement ranging from $500 to $2,000,000. Notably, attorneys can legally participate in these transactions, as confirmed by an advisory opinion from the South Carolina Bar.
Regarding regulations, South Carolina treats pre-settlement funding similarly to traditional loans. According to South Carolina law §34-31-20, loans under $90,000 are subject to an 8.75% annual rate cap. Consequently, reputable lawsuit loan companies, including Mayfair Legal Funding, do not offer funding below $90,000 in South Carolina.
Secure Your South Carolina 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.
There are three main conditions to qualify for legal funding in South Carolina:
- You must be at least 18 years of age
- You must be represented by a contingency-based attorney.
- You must have a solid legal case.
To receive a lawsuit loan, it’s required to have legal representation to safeguard your interests and ours. Studies have shown that plaintiffs with legal representation have a higher chance of winning their case than those who do not. Additionally, your attorney could also help secure a larger compensation amount.
The cost of a lawsuit loan can vary based on the details of your case. It’s essential to understand the factors affecting it before obtaining one. Lawsuit loans involve fees and interest rates. Here are the key factors that contribute to the cost of a lawsuit loan:
- Case Merits and Complexity
- Case Duration
- Anticipated Settlement Sum
- Over Risk of the Case
Keep in mind that legal funding rates are not regulated by standard loan regulations. As a result, these rates can vary significantly across different providers. Mayfair Legal Funding charges a simple, non-compounding interest rate to ensure that you get the lowest rate possible.
Approval procedures can vary among the different providers. When considering financial assistance, it’s important to take these differences into consideration. While some providers offer quick approval processes, some need more time to review before approving an application.
Repayment comes from a percentage of the future settlement amount so if you win your case, a portion of your total compensation is used to repay your provider. If the case is unsuccessful, you are not obligated to repay the loan.
Each case is unique and distinct from every other case. Therefore, it’s hard to provide a fixed amount or even an estimate of how much you might get when comes to legal funding in South Carolina until you submit your application form. However, Mayfair assures you that we will thoroughly go over your case. The loan amounts that Mayfair offers range from $500 to $1,000,000 depending on the specific circumstances of each case.
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 South Carolina settlement loans and can quickly qualify you and get the ball rolling for your case. You need to provide the facts about your case and the contact information of your attorney.
We offer South Carolina settlement loans near you in the following locations and more:
- Columbia
- Charleston
- Greenville
- Myrtle Beach
- Spartanburg
- Rock Hill
- Mount Pleasant
- Summerville
We look forward to assisting you with your lawsuit so that you can get the compensation your case merits to cover your expenses
Every year, auto accidents occur in the state of South Carolina, affecting the lives of many families. We have gathered the latest statistics on auto accidents in South Carolina from the Federal Highway Administration (FHWA) to provide you with an overview of the current state of road safety.
|
Year |
Fatalities |
Fatality Rate per 100,000 Population |
Vehicles Registered |
|
2017 |
989 |
1.78 |
4,404,100 |
|
2018 |
1,036 |
1.82 |
4,258,524 |
|
2019 |
1,006 |
1.74 |
4,516,143 |
|
2020 |
1,066 |
1.98 |
4,561,299 |
|
2021 |
1,198 |
2.08 |
5,091,679 |
The table above presents the key figures for auto accidents in South Carolina. This includes the number of fatalities, the fatality rate per 100,000 population, and the total number of registered vehicles from 2017 to 2021. These numbers are important tools for policymakers, law enforcement agencies and safety advocates who are working to improve road safety measures and reduce the overall accidents on South Carolina highways.
1. Matthew Marin, Marin, Barrett, and Murphy Law Firm
3 Broad St Suite 405
Charleston, SC 29401
(843) 642-2449
2. Glenda Mitchell, Glenda Mitchell Law Firm
33 Market Point Drive
Greenville, SC 29607
864-326-3073
3. Robert Goings, Goings Law Firm, LLC
1510 Calhoun Street
Columbia, SC 29201
(803) 350-9230
4. Marion Moses, The Law Offices of Marion M. Moses, LLC
2909 Devine Street
Columbia, SC 29205
855-796-0188
Hiring a competent and experienced licensed injury attorney in South Carolina is crucial for the success of your claim. Here’s why:
- Legal Expertise. Personal injury law is complex, and an experienced attorney understands the intricacies of the legal system. They can navigate the complexities of your case, gather evidence, and build a strong legal strategy on your behalf.
- Negotiation Skills. A skilled attorney can negotiate with insurance companies and opposing parties to secure the maximum compensation you deserve. Their negotiation skills can make a significant difference in the outcome of your case.
- Courtroom Experience. If your case goes to trial, having an attorney with courtroom experience is invaluable. They can represent your interests effectively in front of a judge and jury.
- Resources. Established personal injury lawyers often have access to a network of experts, investigators, and resources that can strengthen your case. They can enlist the help of medical professionals, accident reconstruction specialists, and other experts to support your claim.
Choosing the right personal injury attorney in South Carolina can significantly impact the outcome of your claim. It’s an important decision that can help you secure the financial recovery you deserve after an injury or accident.
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.