Alaska (AK) Lawsuit Loans

Updated on 12/17/2021

This article helps plaintiffs and attorneys alike learn more about lawsuit loans and alternatives in Alaska. Below you will find the following information:

Lawsuit loan alternatives in Alaska

Lawsuit loans are expensive. Plaintiffs in Alaska should exhaust all other options before seeking legal funding. Check out the local resources below for some ideas:

  • Family Nutrition Programs – information on various programs including Women Infants and Children Program, Farmer’s Market Nutrition Program, SNAP-Ed, and Commodity Supplemental Food Program. Qualifications differ from program to program. Alaska residents may qualify for SNAP-Ed (formerly food stamps) if they have a total bank balance under $2,001 ($3,001 in certain circumstances).
  • Rental Assistance Programs – help with rent for low-income Alaska residents. Families with earnings at or below 50 percent of regional average income may qualify for help with rent at their current residence. Public housing is available for families with earnings at or below 80% of regional average income.
    Alaska Temporary Assistance Program (ATAP) – ATAP gives cash and work services to qualifying residents. Alaska residents with less than $2,000 in countable assets may qualify.
  • Alaska Heating Assistance Program (LIHEAP) – federally funded program that helps low income Alaska residents with utility bills. To qualify, residents must meet income requirements that depend on household size. If you or a family member participates in other federally funded state benefit programs you might automatically qualify for LIHEAP.

Lawsuit funding laws, regulation and relevant ethics opinions in Alaska

In Alaska, neither statutory law nor common law address lawsuit lending agreements directly. Champerty and maintenance are public policy doctrines in Alaska. It is possible that these could apply to litigation funding contracts in Alaska. Most funding companies provide loans to Alaska residents.

Can a lawyer lend money to a client in Alaska?

The Alaska Bar Association prohibits lawyers from guaranteeing loans to clients. Though typically referred to as a lawsuit loan, pre-settlement funding is actually different from a true loan because repayment is contingent on the success of the case.
Source: Alaska Rules of Professional Conduct Rule 1.8(e)

Lawsuit loan companies serving Alaska

Recommended lawsuit loan companies funding Alaska residents

US Claims Logo

US Claims offers some of the lowest, non-compounding rates in the industry. Many companies claim to offer “the lowest rates in the industry” – we recommend comparing them against an offer from US Claims. to see for yourself.

View US Claims’ profile

Triumph Legal Funding Logo

Triumph Legal Funding offers competitive rates and fast, friendly service. Triumph favors rolling contracts with pre-approved monthly funding amounts to help clients budget and offer peace of mind throughout the course of their lawsuit.

View Triumph Legal Funding’s profile

Thrivest Link Legal Funding Logo

Thrivest Link Legal Funding offers reasonable funding terms often with simple, non-compounding rates. Their expert underwriting allows them to fund larger sums than many of their competitors. They frequently approve claims for funding within 24 hours.

View Thrivest Link Legal Funding’s profile

Lawsuit loan companies located in Alaska

Compare Lawsuit Loans does not currently cover any local lawsuit lending companies in Alaska. Local funding companies interested in being included on this page may contact us at [email protected]

Regional pre-settlement funding companies that serve Alaska residents

  • High Rise Financial – Founded in 2016, High Rise Financial is an extremely well reviewed legal funding company. In addition to pre-settlement funding, High Rise provides medical care scheduling and financing services.
  • Nova Legal Funding – Nova Legal Funding is a direct funder and broker of lawsuit loans based in Los Angeles. They claim to have provided more than $25 million of pre-settlement funding to plaintiffs.

Other pre-settlement lawsuit loan companies serving Alaska residents