New Mexico Lawsuit Loans
- Get Cash as Soon as the Same Business Day
- Rates as Low as 2.5% Simple, Monthly
- Repay $0 if You Lose Your Case
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Important New Mexico Lawsuit Loan Information
Lawsuit loans are a useful financial aid for plaintiffs awaiting the conclusion of their legal case. These loans provide the claimant with much-needed funds during the long litigation process. As a plaintiff in New Mexico, it’s crucial to acquaint yourself with key lawsuit loan details specific to your state. See the table below for a quick glance at relevant information.
| Average loan amount by LawsuitLoans.io in New Mexico | $14,710.00 |
| Largest loan by LawsuitLoans.io in New Mexico | $110,000.00 |
| Average semi-annual rate in New Mexico | 17.5% |
| Median personal injury verdict in New Mexico | $31,000.00 |
| New Mexico statute of limitations | 3 Years; N.M. Stat. Ann. § 37-1-1 |
| New Mexico fault laws | New Mexico is an “at-fault” or “tort” state, meaning the driver found to be responsible for the accident is liable for damages. |
How Lawsuit Loans Work
Here’s how the lawsuit loan process works in three easy steps. The entire process can be completed within 24 hours with your attorney’s help.
Apply Online or Call Toll-Free
Apply online or call us toll-free at (866) 594-1343. Submitting your application takes minutes.
We Review Your Case
Next, we contact your law firm and collect basic information to review your case. Review only takes a few hours.
You Receive Funds
You and your attorney review and sign our funding contract. Once complete, you can have funds within hours.
How Much Money Can I Get From my Lawsuit Loan?
Lawsuit loans provided by LawsuitLoans.io can offer amounts ranging from $500 to up to a million dollars or more. If your case is still in progress, we can advance you up to a maximum of 25% of the expected settlement you are likely to receive. Meanwhile, for cases that have already been settled, we can offer you half of your expected payout.
For example, let’s consider a plaintiff from New Mexico involved in a car accident case, with an estimated value of $100,000 in potential settlement. The case is still unresolved and won’t settle for some time. When the settlement does come through, around one third will go towards medical payments, another third will be claimed by attorneys’ fees, leaving about $33,000 for the plaintiff themself. In this scenario, LawsuitLoans.io can provide a lawsuit loan for around 25% of that sum, roughly amounting to $8,250.
Get an Instant Quote
Input your requested funding amount and the time your case may take to settle here to see your potential savings and costs when you choose LawsuitLoans.io. While we sometimes offer rates as low as 2.5%, our calculator assumes a simple, non-compounding monthly rate of 3.3%. This calculator is for illustrative purposes only. Actual terms may differ. Please contact us for an instant, written quote for your request.
Advance Amount:
Months Until Settlement:
$2,900
Total Cost
Pay $2,900 on a lawsuit loan of $10,000 if your case settles within 6 months of your advance.
$1,697
Your Savings
Save $1,428 compared to competitors on a lawsuit loan of $10,000 if your case settles within 6 months of your advance.
33%
Percent Savings
Save 33% on a lawsuit loan of $10,000 if your case settles within 6 months of your advance.
Common Case Types We Fund in New Mexico
At LawsuitLoans.io, we understand that every case is unique and has its own financial requirements. We offer funding assistance for a broad range of case types. Below are some of the most common cases we fund in New Mexico:
- Auto and Other Roadway Accidents: These accidents include car crashes, truck collisions, motorcycle wrecks, and other roadway-related accidents. Often, victims are left with costly medical bills and lost income, and we step in to provide necessary funding.”
- Premises Liability: This type of case covers incidents where injuries occur due to unsafe or defective conditions on someone else’s property. It can involve slips and falls, dog bites, swimming pool accidents, etc. Our funding can help cover legal costs and personal expenses.
- Medical Malpractice: These claims arise when a healthcare professional doesn’t provide the standard of care required, which results in patient harm. Legal proceedings can be lengthy, thus our funding provides financial security to plaintiffs.
- Labor Law Claims: Labor law cases generally involve issues such as workplace discrimination, harassment, and unfair dismissal. We can help by providing funds needed to pursue justice.
- Employment Claims: Employment disputes may revolve around breach of contract, wage claims, wrongful termination, and more. With our input, a plaintiff can address any financial challenges while litigating their case.
- Other Personal Injury Claims: Beyond the above categories, we also fund a variety of other personal injury claims. These include product liability, assault and battery, and wrongful death among others. Our loans support plaintiffs in their quest for rightful compensation.
If you want to know more about these case types and how we can assist you, feel free to visit the following pages: New Mexico Personal Injury Loans and New Mexico Car Accident Loans.
Get up to $500,000 With Rates as Low as 2.5% Simple, Monthly
Am I Eligible for a Lawsuit Loan in New Mexico?
If you’re involved in a legal battle, awaiting settlement in New Mexico, you may be wondering if a lawsuit loan is an option for you. At LawsuitLoans.io, we aim to provide plaintiffs with vital information to help streamline their decision-making process. When it comes to eligibility for a lawsuit loan, there are key factors you’ll need to meet:
- Having a valid legal claim: Your claim could be against an insurance company, a self insured company or a large public entity. If you have a strong case that will likely end in your favor, you could be eligible for a lawsuit loan.
- Hiring an attorney: This requirement is two-fold. First, an attorney adds structure and knowledge to your case. Second, having an attorney shows that you’re serious about your claim.
- Being 18 years of age or older: As this financial tool is a form of legal contract, you must be at least 18 years old to secure a lawsuit loan.
Keep these criteria in mind while considering a lawsuit loan. Our team at LawsuitLoans.io is available to help discuss your individual case and explore the options available to you. Don’t hesitate, contact us on our toll-free number (800) 340-4973 or apply via our online application.
Get Started
Apply today and get funds in as little as 24 hours!
What Can I Use the Money From My Lawsuit Loan For?
A question many people ask is how they are allowed to use the money they receive from a lawsuit loan. Well, the answer is pretty simple and pleasing. Plaintiffs are given a high degree of freedom when it comes to spending the funds they receive from these loans.
Primarily, you can use your lawsuit loan to cover day-to-day living costs. This means the funds can be used for rent or mortgage payments, food, utility bills, car payment and maintenance, and even things like clothes and toiletries. It also includes other essential bills that come up in the course of your life.
You can also utilize the money for your medical expenses. This includes doctor appointments, surgeries, therapy sessions, prescription medications, and any other health-related cost. This can prove to be a significant help for plaintiffs dealing with considerable medical issues linked to their lawsuits, easing the financial burden and providing a degree of relief during uncertain times.
The only restriction in place is that you cannot use the loan to finance litigation or other legal case expenses. The purpose of these loans is to assist plaintiffs in sustaining their lifestyle and covering necessary costs while they wait for their case’s resolution, not funding the lawsuit itself.
New Mexico Pre-Settlement Funding FAQs
If you are a resident of New Mexico and find yourself in need of support as your personal injury or other legal claim is being resolved, you may have a few questions about lawsuit loans. Here are some frequently asked questions we’ve encountered:
How much does it cost to get a lawsuit loan?
The cost of a lawsuit loan differs based on the specific terms of the loan, including the amount funded and the duration of time it takes for your case to resolve. To get a clear picture of costs, you are encouraged to inquire directly with us at LawsuitLoans.io.
Do I qualify for a lawsuit loan?
Lawsuit loan qualification primarily depends on the strength of your legal claim and your potential compensatory damages. In other words, if it’s likely that your lawsuit will be successful and result in a payout, it’s likely that you can qualify for a lawsuit loan.
How much funding can I get?
The amount of funding you can receive largely depends on the estimated value of your lawsuit. Typically, loan amounts range from a few hundred to several thousands of dollars. For a more accurate estimate, consider completing the LawsuitLoans.io funding application.
Get $500 – $500,000 in as Little as a Single Business Day!
We understand that if you’re applying for funding with us, you needed the funding yesterday. With your attorney’s cooperation, we can provide funding as soon as the same business day.
Cities we Service in New Mexico
LawsuitLoans.io provides funding throughout New Mexico. See more about our funding in New Mexico by visiting the city pages below:
Cases we Fund in New Mexico
LawsuitLoans.io provides funding for various personal injury and roadway accident cases in New Mexico. Read more about the personal injury cases we fund in New Mexico here:
- Personal Injury Loans
- Police Misconduct Lawsuit Loans
- Medical Malpractice Lawsuit Loans
- Slip and Fall Lawsuit Loans
- Premises Liability Loans
- Dog Bite Lawsuit Loans
- Wrongful Death Loans
Read more about the roadway accident claims we fund in New Mexico here:
Get up to $500,000 With Rates as Low as 2.5% Simple, Monthly
Does LawsuitLoans.io Directly Fund Cases in New Mexico?
While LawsuitLoans.io operates as a direct funder in most states it services, we act as a broker and originate funding requests to a select group of partner funding companies in New Mexico.