Updated on 12/28/2022
This article helps plaintiffs and attorneys alike learn more about lawsuit loans and alternatives in Delaware. Below you will find the following information:
Lawsuit loan companies serving Delaware
Below you will find a list of companies that provide funding in Delaware. We highlight lawsuit loan companies we recommend, as well as local and regional funding companies where applicable.
Recommended lawsuit loan companies funding Delaware residents
We recommend the following companies for plaintiffs residing in Delaware.
Our pick for low rate lawsuit loans
USClaims 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 USClaims to see for yourself.
Our pick for fast lawsuit settlement loans
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.
Highly rated on Google
High Rise Financial is a California-based lawsuit loan company. They have the most five-star reviews of any funding company in the industry. In addition to pre-settlement funding, High Rise provides medical care scheduling and financing services.
Lawsuit loan companies located in Delaware
Compare Lawsuit Loans does not currently cover any local lawsuit lending companies in Delaware. Local funding companies interested in being included on this page may contact us at [email protected].
Regional pre-settlement funding companies that serve Delaware residents
- Ally Lawsuit Loans – Ally Lawsuit Loans is affiliated with or closely related to Nova Legal Funding. They claim to be located in Houston, Texas.
- Capital Now Funding – Capital Now Funding is a Kentucky-based settlement advance company founded in 2015. In most states, they offer pre-settlement funding with a 45% fixed-fee model. This could be advantageous for claimants expecting a lengthy legal claim.
- Cherokee Funding – Georgia-based Cherokee Funding provides pre-settlement and post-settlement plaintiff and attorney funding. They claim to fund almost all types of legal cases, so long as there is solid liability, damages, and a defendant with the ability to pay.
- Client Legal Funding – Florida-based Client Legal Funding was founded in 2011. They offer pre-settlement funding, post-settlement funding, medical funding, and attorney funding services.
- Liberty Settlement Funding – Liberty Settlement Funding is a Florida-based lawsuit settlement funding company serving plaintiffs nationwide.
- Momentum Funding – Headquartered in Florida, Momentum Funding focuses on personal injury and workers’ compensation lawsuit advances.
- Signal Funding – Florida-based Signal Funding claims to provide $500 to $500,000 in pre-settlement funding with same-day service. They provide funding to injured plaintiffs nationwide. Signal Funding has solid reviews on Google but a less impressive reputation on Yelp.
- The Legal Funding Group – Based in Savannah, Georgia, The Legal Funding Group provides lawsuit cash advances nationwide. On their website, they quote a rate of 36% every six months.
- USClaims – USClaims 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 USClaims to see for yourself.
Other pre-settlement lawsuit loan companies serving Delaware 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 Funding 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.
- Mustang Litigation Funding – Mustang Litigation Funding is a relatively new but quickly growing lawsuit funding company based in Minnesota. They have provided more than $50 million in funds to plaintiffs and attorneys since 2018.
- 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 $70 million of pre-settlement funding to plaintiffs.
- Oasis Financial – Oasis Financial is one of the largest pre-settlement lawsuit loan companies in the United States. Oasis Financial has provided funding to more than 250,000 plaintiffs since 2003.
- 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.
- 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.
Lawsuit funding laws, regulation, and relevant ethics opinions in Delaware
Delaware does not have any state law regarding lawsuit loans specifically. Common law in Delaware supports legal funding in the state so long as a funding company does not interfere with the case. The Delaware State Bar Association issued an ethics opinion indicating that attorneys may comply with lawsuit lending contracts on behalf of their clients. Most lawsuit lending companies provide funding in Delaware.
Legal funding case law in Delaware
Delaware common law defines champerty as “an agreement between the owner of a claim and a volunteer that the latter may take the claim and collect it, dividing the proceeds with the owner, if they prevail; the champertor to carry on the suit at his own expense.” In Charge Injection Techs., Inc. v. E.I. Dupont De Nemours & Co the court denied two motions by Dupont relating to a lawsuit lending agreement between Charge Injection Techs (CIT) and Burford Capital. The first was a motion to compel CIT to disclose certain redacted parts of the agreement. The court ruled that these were privileged under attorney work product protections. The second was a motion to dismiss the case on the grounds of violations of champerty and maintenance doctrines. The court ruled that the contracts did not violate champerty and maintenance doctrines because Burford did not have or assert control over the litigation.
Source: Charge Injection Techs., Inc. v. E.I. Dupont De Nemours & Co
Can a lawyer lend money to a client in Delaware?
Lawyers cannot offer or guarantee financial assistance to clients in Delaware. They can, however, assist clients with covering litigation expenses. The attorney can either cover the costs of litigation completely (if the client is found to be impoverished) or advance these costs until the end of the case.
Source: The Delaware Lawyers Rules of Professional Conduct: Rule 1.8(e)
Can attorneys help clients receive lawsuit loans in Delaware?
As long as an attorney advises the client of the potential risks of legal funding, the attorney can assist the client in getting funds.
Source: Delaware State Bar Association Committee On Professional Ethics Opinion 2006-2
Lawsuit loan alternatives in Delaware
Lawsuit loans are expensive. Plaintiffs in Delaware should exhaust all other options before seeking legal funding. Check out the local resources below for some ideas:
- Delaware 211 – a good place to get more information on anything from medical assistance to legal help. Call or check out the website to learn more information on a host of available programs in your area.
- Delaware Rental Payment Assistance – provides housing vouchers to low-income families. Participants need to enroll in the Moving to Work program to be eligible.
- Utilities Payment Assistance – gives out grants to help pay for utility and fuel bills to keep your home heated. Separate programs are available to assist with summer energy bills for cooling purposes. Your income must be 200% or less of the federal poverty level to qualify.
- Food Banks – get information on nearby food bank hours and locations. A variety of programs offer both food pick-up as well as delivery to some areas. No qualifying criteria, but you may have to prove residency.