TriMark Legal Funding is one of the oldest and most reputable lawsuit funding companies in North Carolina. TriMark has been providing fast, low-cost lawsuit loans, pre settlement funding, and post settlement funding to North Carolinians since 2003.
Serious personal injury lawsuits are notorious for taking a long time to settle. Falling into financial disarray shouldn’t be part of the deal, but for many people, it is unavoidable.
After a severe accident, recovering from your injuries and surgeries and dealing with physical therapy is hard enough. The last thing you need to be worrying about is past-due bills or any other financial challenges while you’re trying to put your life back together.
It’s been said that severe injuries and job loss are two of life’s most stressful events. Tragically, many injured plaintiffs find themselves dealing with both situations simultaneously, on top of their lawsuit.
If you’re exhausted and stressed out, it’s no wonder. And if you need money now, you’re not alone.
TriMark Legal Funding can help.
For NC residents, it is even more specialized. To comply with this state’s regulatory statutes, all lawsuit funding in North Carolina that TriMark provides must be in amounts of $25,000 or more.
Despite lawsuit funding being referred to by a variety of names, including “settlement loans” and “lawsuit loans,” it isn’t a loan at all. Instead, it is a non-recourse, outcome-contingent cash advance against a portion of your future settlement award.
Think of it as “No Win / No Pay.”
It’s still your money, but now you can have access to it sooner rather than later. And because it’s your money, you get to decide how to use it. You can pay rent, catch up on bills, buy groceries, pay for copays or prescriptions, fix the car, or whatever else you need.
TriMark offers funding like personal injury lawsuit loans and car accident settlement loans. We also fund workplace injury claims like construction accidents, Jones Act lawsuits, and FELA railroad settlements.
We are, however, unable to offer workers comp loans in NC.
TriMark can consider funding on almost any type of case in NC – pending or settled – as long as there are severe injuries and clear liability against a sufficiently insured defendant.
If you need immediate financial help, apply online, or call us at (877) 932-2628 to get the ball rolling.
Pre settlement loans in North Carolina are fast and easy, its free to apply, and it only takes a minute to get started.
There are no upfront fees, no credit checks, no monthly payments, and no income or employment verification either. And best of all, the advance only gets repaid after you win your case.
Settlement funding from TriMark is the “hand up” that you need, right when you need it most.
And it is so fast that if you apply now, you can receive cash in less than 24 hours after you’re approved.
Yes, lawsuit funding is legal under North Carolina law. In order to comply with NC statute § 24-1.1. (a), there is a minimum funding requirement of $25,000.
We offer both pre-settlement funding and post-settlement funding on virtually all types of serious personal injury lawsuit and most employment lawsuits and workplace accidents. To find out if your case qualifies, apply online or by phone. Our services also include law firm funding, surgery funding, inheritance loan, and full or partial structured settlement loans.
● There must be a reasonable belief that the net value of the claim after attorney fees, case costs,
medical liens, etc., will be at least $150,000.
● We offer lawsuit cash advances up to 20% of the net value of your claim. Pre-settlement and post-settlement cash advances are available from $25,000 up to $250,000 or more.
● You must be represented by a contingent fee attorney and the settlement check must be deposited to, and be distributed from, the lawyer’s trust account.
The net value of the settlement must be at least $65,000.
Approval may take anywhere from a few hours up to two days. We will begin reviewing your application as soon as we receive case records from your lawyer.
After approval, your advance can be funded within 24 hours.
Non-compounding. TriMark Legal Funding guarantees the lowest rates available in the legal funding industry in North Carolina and caps your repayment at 2x the funded amount.
We differ from other companies that charge monthly compounding rates and do not cap repayment.
Compounded rates increase your repayment quickly and uncapped repayments could grow to many times the original funded amount if your lawsuit takes a long time to settle.
However, our “2x capped rate” means that your maximum payback will never exceed twice the original funded amount, no matter how long it takes to settle your case. If your repayment amount reaches the cap, we simply waive the interest and wait for you to settle or win your case.
TriMark will consider funding on nearly any kind of lawsuit with good liability and an insured defendant.
Don't see your case listed? Call (877) 932-2628 and tell us about it. We may still be able to fund it.
Legal Info That Impacts NC Lawsuit Loans
|Statute of Limitations||A lawsuit must be filed within a certain time period after the injury (or discovery of the injury, in some cases) or it will be dismissed as time-barred.|
|Contributory Negligence||If your actions contributed to the injury in any way, you cannot be awarded damages.|
|Insurance Limits||NC law sets the policy limits for auto insurance (minimum): $30,000 for bodily injury for each person; $60,000 in total for bodily injury for all persons in an accident; and $25,000 for property damage. Anything below $25,000 in NC will not qualify for lawsuit funding.|
|Fault||NC cases and statutes define the actions that establish a defendant’s liability for your damages.|
|Minimum Funding||NC statutes establish the minimum amounts for lawsuit loans.|
Facts About NC Motor Vehicle Accidents
Auto accidents can disrupt your physical and emotional health as well as your finances. You could have mounting medical bills and day-to-day expenses, but your injuries may prevent you from working.
Filing a lawsuit begins the process of receiving compensation for your injuries, property damage, and lost wages. But the lawsuit could be pending for many months or even years before the other driver’s insurance company settles.
Insurance companies know that your financial difficulties can force you into accepting a low-ball offer. They also know that slow-walking the case keeps the pressure to settle on you, even if they know their customer was at fault.
You can thwart this litigation tactic by securing funding during the pendency of your lawsuit so you can withstand the delay without giving in to financial pressure.
Lawsuit loans not only position you to secure a better settlement but also de-escalate financial problems. For instance, they can help you secure funds to deal with medical debts, which are the single greatest cause of U.S. bankruptcies. Medical bills and loss of income can force you to choose between buying groceries or paying rent.
A lawsuit settlement loan for auto accidents can be a lifeline. You can rely on the settlement advance you receive to catch up on bills, mortgage and other loan payments, and daily expenses. You can regain control of your finances, which puts you in a position to negotiate the best possible settlement for your injuries.
North Carolina drivers experience about 80,000 car accidents annually. These result in over 125,000 injuries and 1,400 deaths per year. Car accidents in Charlotte, Raleigh, Asheville, Durham, Greensboro, Wilmington, and other major cities represent the bulk of the injuries and accidents.
|North Carolina City||Total Crashes in 2018||Fatalities||Injuries||Alcohol-Related||Pedestrian||Bicycle|
These accidents result in injuries to drivers, passengers, pedestrians, and cyclists, all of whom are entitled to compensation under North Carolina’s at-fault insurance laws. Under this structure, the insurer for the driver who caused the accident must pay for all parties involved.
NC Labor Lawsuit Loans
Lawsuit advances are avaialble for employment discrimination and third-party workplace injury lawsuits, subject to NC’s funding minimum of $25,000. These include claims for workplace discrimination, sexual harassment and hostile work environment, and workplace injuries that resulted from the actions of a third party.
There are lawsuit advances provided for claims such as workplace discrimination, sexual harassment and hostile work environment, and workplace injuries that resulted from the actions of a third party.
Complaints filed by employees in North Carolina with the Equal Employment Opportunity Commission (EEOC) are dominated by allegations of discrimination based on race, gender, and disability with over 1,000 complaints per year within each category. Moreover, the EEOC receives complaints about workplace discrimination for age, religion, and color, with a few hundred complaints of each type.
An EEOC complaint must precede a lawsuit. The EEOC investigates complaints and can pursue sanctions against employers who are found to have violated anti-discrimination statutes. However, U.S. law provides several points during the EEOC process where the employee can proceed directly to a lawsuit against the employer.
Hundreds of thousands of workers are injured on the job and nearly 200 die every year in North Carolina.
When a workplace injury occurs, workers’ comp usually applies regardless of fault. Most employers are covered by work comp insurance. But unfortunately, workers’ compensation claims are not eligible for lawsuit funding in North Carolina. However, all other types of workplace injury claims are eligible for lawsuit loans.
Third parties may be liable for workplace injuries and can be sued separately. Third-party liability can be filed together with employer liability and workers’ comp cases, and defendants may include different entities.
Examples of third parties include:
Since third parties can be sued for the damages they caused, third-party liability cases are eligible for pre-settlement funding in North Carolina.
With more than 3,300 miles of railroad tracks, there are a lot of railroads in North Carolina. It takes a lot of people to maintain this important infrastructure. Unfortunately, these people also sometimes suffer railroad work injuries and work-related deaths.
Instead of workers’ compensation, railroad workers are covered by the Federal Employers’ Liability Act (FELA). It is also sometimes referred to as the Railroad Workers Act. This is a federal law that enables injured railway workers to sue their employers for their workplace injuries because railroad workers are not eligible for workers compensation.
Large railroad company defendants are well-known for dragging out lawsuits in an attempt to compel FELA plaintiffs to settle for a lower amount. Fortunately, FELA lawsuit settlements are eligible for pre-settlement and post-settlement funding in NC so you are financially able to stay in the fight longer if you choose.
North Carolina boasts 322 miles of ocean shoreline and more than 12,000 miles of shoreline in coastal estuaries. Consequently, maritime workers are an important part of the NC economy. Instead of workers comp or FELA, maritime employees are protected under the Jones Act. Also sometimes called the Merchant Marine Act of 1920, this federal statute protects U.S. merchant marines and maritime employees in the event of an injury or death.
With so much beautiful shoreline, NC also sees a fair share of lawsuits filed under the Jones Act. Fortunately, it’s possible to get funding in these types of cases.
2018 NC Med Mal Lawsuit Statistics
|Average Med Mal Payout Amounts
Quadriplegic, Brain Damage, Lifelong Care: $1,029,105
Major Permanent Injury: $600,797
Significant Permanent Injury:$424,645
Minor Permanent Injury: $236,087
Major Temporary Injury: $214,407
Cannot Be Determined: $109,583
Emotional Injury: $91,678
Minor Temporary Injury: $72,850
Insignificant Injury: $34,333
Medical malpractice (med mal) occurs when medical care fails to meet the standard of reasonable care under the circumstances. Medical malpractice lawsuits arise primarily from misdiagnoses, surgery mistakes, and medical treatment errors.
In a medical malpractice lawsuit, the plaintiff’s attorney uses expert witnesses to prove the defendant made one or more critical errors or deviations from the normal, accepted standard of care for any given procedure or situation.
It has often been said that medical malpractice cases are won or lost based on expert testimony. This is because in med mal cases, expert witnesses must provide the “smoking fun of liability.” They do this by evaluating the minutiae of what did or did not occur and then showing how and where it deviated from the accepted standard of care.
Of course, the defense will also attempt to provide expert witnesses to show that their client’s actions adhered to the accepted standard of care. Proving medical negligence or malpractice often boils down to a protracted battle of the expert witnesses, adding to the cost and duration of these types of cases.
According to medical malpractice insurance agency Diederich Healthcare, payouts in North Carolina med mal cases totaled $41,342,000 in 2018. In early 2020, that amount already increased more than 22% to $66,688,250. Due to nationwide increases in medical malpractice damages, however, North Carolina was still the state with the fifth-lowest medical malpractice payouts per capita nationwide in 2018.
Due to their complications, some lawsuit funding companies may turn away medical malpractice cases because of:
We welcome NC plaintiffs in med mal lawsuits who are interested in obtaining a pre-settlement loan. Contact us at (877) 932-2628 or fill out an application online for a free, no-obligation review of your case.
Important Premises Liability Information
2020 Top Picks
“Each year, Super Lawyers recognizes the top lawyers in North Carolina via a patented multiphase selection process involving peer nomination, independent research and peer evaluation. The North Carolina lawyers who receive the highest point totals during this selection process are further recognized in North Carolina Super Lawyers Top Lists.”
|1. Marcia H. Armstrong
The Armstrong Law Firm, P.A.
|6. Annemarie Pantazis
Wilder Pantazis Law Group
|2. Kimberly W. Bryan
Parker Bryan Family Law
|7. Alice C. Stubbs
Tharrington Smith, LLP
|3. Nicole L. Gardner
Gardner Skelton PLLC
|8. Lorion MacRae Vitale
Vitale Family Law
|4. Laura L. Noble
The Noble Law Firm PLLC
|9. Elizabeth K. Arias
Womble Bond Dickinson (US) LLP
|5. C. Melissa Owen
Tin Fulton Walker & Owen
|10. Catharine Biggs
Arrowood Parker Poe Adams & Bernstein LLP
|1. Mark E. Anderson
|6. Alan W. Duncan
Turning Point Litigation
|2. Joseph B. Cheshire, V
Cheshire Parker Schneider, PLLC
|7. Dan J. McLamb
Yates, McLamb & Weyher, L.L.P.
|3. W. Thompson Comerford, Jr.
Comerford Chilson & Moser, LLP
|8. Leslie C. Packer
Ellis & Winters LLP
|4. James P. Cooney, III
Womble Bond Dickinson (US) LLP
|9. Patti W. Ramseur
|5. Kearns Davis
Brooks, Pierce, McLendon, Humphrey & Leonard LLP
|10. James F. Wyatt, III
Wyatt & Blake, L.L.P.
TriMark Legal Funding has been providing pre-settlement funding in North Carolina since 2003. Applying for lawsuit loans is quick and easy and can put cash into your hands in as quickly as 24 hours after approval.
TriMark offers the lowest non-compounding rates in the state for both pre-settlement and post-settlement funding.
We can offer legal funding up to 20% of the anticipated net value of your settlement on pending cases and up to 50% of the net value on settled cases, with a minimum funding amount of $25,000.
Apply online or call us at (877) 932-2628, and one of our friendly representatives will be happy to take your information right over the phone.