Connecticut (CT) Lawsuit Loans

Updated on 12/17/2021

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

Lawsuit loan alternatives in Connecticut

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

  • Connecticut 211 – a cost-free program that will connect you to the health and human services programs in your area to get you the assistance you need. Call anytime, 24/7, to give or get help for housing, food assistance, medical access, and more.
  • Rental Assistance Program (RAP) – low-income families can apply for a RAP certificate if their income is less than 50% of their area’s annual median income. Participants are responsible for finding a safe and qualified private rental, including their current resistance, where the landlord agrees to rent to them under the terms of the program.
  • CT Section Housing 8 – federally funded and provides housing vouchers to qualified very low-income families. The subsidy is paid directly to the landlord from the managing public housing agency.
  • Connecticut Utilities Assistance – provides energy and utility assistance for families. Apply through your local Operation Fuel agency.
  • Emergency Food Resources – lists the various programs available to assist with emergency food needs and regular meals. The resources include food pantries, food stamps (SNAP), and home-delivered meals.

Lawsuit funding laws, regulation and relevant ethics opinions in Connecticut

Connecticut does not have statutory nor common law prohibiting lawsuit lending for living expenses. However, CT common law prohibits providing lawsuit funding for litigation expenses in exchange for a share of the recovery from the case. The bar does not allow attorneys to make or guarantee loans to clients for living expenses. Most legal funding companies provide non-recourse funding for living expenses in CT that is not structured as a loan.

Legal funding case law in Connecticut

Connecticut courts refused to uphold a litigation financing agreement property owner and a third-party. The court stated that such assistance is permissible only when the third party does not share in the proceeds of the litigation.
Source: Rice v. Farrell

Can a lawyer lend money to a client in Connecticut?

Lawyers are not allowed to provide financial assistance to clients, except to pay court costs and litigation expenses. Repayment of advanced case expenses must be contingent upon the success of the case.
Source: Conneticut Rules of Professional Conduct Rule 1.8(e)

Can attorneys help clients receive lawsuit loans in Connecticut?

While Conneticut lawyers may not make nor guarantee loans to their clients for living expenses, standard lawsuit lending agreements do not require the attorney to guarantee the loan.
Source: Connecticut Rules of Professional Conduct 1.8(e)

Lawsuit loan companies serving Connecticut

Recommended lawsuit loan companies funding Connecticut 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 Connecticut

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

Regional pre-settlement funding companies that serve Connecticut residents

  • 5 Star Legal Funding – 5 Star Legal Funding is based in New York and was founded in 2006. They advertise simple, non-compounding rates and capped repayment terms.
  • Baker Street Funding – Baker Street Funding is a relatively new personal injury case funding company based in New York. Despite the company’s age, they are growing very quickly. They claim to provide rates between 1.5% and 3.4%, compounding monthly.
  • Bridgeway Legal Funding – Bridgeway Legal Funding offers reasonable rates and fast processing of workers’ compensation lawsuit loans. Workers’ compensation funding is typically only available in states in which an attorney controls the settlement proceeds.
  • Case Cash Funding – Case Cash Funding is a New York lawsuit lending company that claims to provide advances at 2.99%, compounded monthly with a $100 processing fee and a delivery fee ranging from $0 to $99.
  • Golden Pear Funding – Golden Pear is one of the largest lawsuit funding companies in the US. They are primarily focused on funding plaintiffs residing in New York. Since 2008, they have extended more than $600 million in funding.
  • LawStreet Capital – LawStreet Capital is a nationwide provider of pre-settlement lawsuit loans. They also provide funding to attorneys and purchase structured settlements.
  • National Lawsuit Funding – National Lawsuit Funding is a funding provider based in Pennsylvania. They focus on smaller advance amounts and charge interest rates as high as 8.99% compounded monthly.
  • Necessity Funding – Necessity Funding’s claims of two hour funding puts them among the fastest legal advance companies in the US. Their ‘No Doc’ advances may make them a good pick if you have a relatively new case.
  • Pegasus Legal Capital – Pegasus Legal Capital provides non-recourse lawsuit settlement funding to plaintiffs nationwide. They claim to provide approvals within four to six hours from receiving documentation from your law office.
  • Prime Case Funding – Prime Case Funding is a legal funding provider located in New York. They have exceptional online reviews and quote a rate of 2.75% compounded monthly on their website.
  • Thrivest Link Legal Funding – 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.
  • Tribeca Capital Group – Tribeca Capital Group is a broker and direct funding company headquartered in both Los Angeles and New Jersey. They indicate that the rate they charge varies from case to case.
  • Triumph Legal Funding – New Jersey’s 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.
  • US Claims – 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.

Other pre-settlement lawsuit loan companies serving Connecticut residents