Florida (FL) Lawsuit Loans

Updated on 12/17/2021

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

Lawsuit loan alternatives in Florida

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

  • Temporary Cash Assistance – is available to families with children under 18 (or 19 if enrolled in high school full-time) that meet income requirements. Participation is limited to 48 months as an adult. You may be required to enroll in a work program or complete qualifying work activities.
  • Section 8 and Subsidized Housing in Florida – includes options for low-cost public housing as well as how to apply for a housing voucher to assist with paying your rent.
  • Florida Food Banks – Feeding Florida – visit this website to find a list of food banks and locate one that services your area. You may need to verify your residency to participate in this program.
  • Help Paying For Utilities in Florida – if you need assistance to help pay for home heating and cooling, LIHEAP can help. You will need to provide proof of income and residency to determine eligibility.

Lawsuit funding laws, regulation and relevant ethics opinions in Florida

Florida has a pending bill that seeks to regulate lawsuit loans in the state. The bill would allow the Florida Department of State to regulate the industry. Florida case law has upheld lawsuit lending agreements where the lender did not interfere with or direct the litigation. The Florida Bar allows lawyers to honor a client’s assignment of proceeds from their case to a lawsuit cash advance company but disallows lawyers from issuing a letter of protection to the company. Most legal funding companies provide their services to Florida residents and many use an alternate acknowledgment letter that complies with Florida Bar’s position on lawsuit loans.

Laws regarding lawsuit loans in Florida

See FL SB 7041 (2021). The Florida house proposed to “require litigation financiers to register with DOS & file surety bond; provides requirements & rulemaking authority for DOS; provides requirements for litigation financing contracts; provides for assignment of contingent rights to civil action or claim proceeds; specifies the priority of liens; authorizes litigation financiers to assess specified interest, fees, & charges; provides that violations are deceptive & unfair trade practices.” The bill died in the house.
Source: FL SB 1750 – Litigation Financing Consumer Protection

Legal funding case law in Florida

In Kraft v. Mason the appellate court affirmed the stance that the agreement between Kraft (borrower) and Mason (lender) was not champertous. The court indicated that Mason had not interfered with nor stirred-up the litigation.
Source: Kraft v. Mason

Can a lawyer lend money to a client in Florida?

A Florida attorney cannot grant plaintiffs financial assistance, however they can advance litigation expenses. Advanced expenses are only repaid if the case is succesful.
Source: Florida Bar Ethics Opinion 96-1

Can attorneys help clients receive lawsuit loans in Florida?

Attorneys may give clients information about non-recourse funding companies to meet their financial needs.
Source: Florida Bar Ethics Opinion 00-3

Lawsuit loan companies serving Florida

Recommended lawsuit loan companies funding Florida 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 Florida

  • Baric Enterprises – Florida-based Baric Enterprises, Inc. provides non-recourse personal injury loans as well as several kinds of insurance and retirement planning services.
  • Citrus Legal Funding – Orlando, Florida based Citrus Legal Funding has excellent reviews on Google. Like most other pre-settlement lawsuit loan companies, they offer non-recourse advances for plaintiffs pursuing negligence claims.
  • 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 settlement funding and pre-settlement funding company serving plaintiff’s 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 has solid reviews on Google but a less impressive reputation on Yelp.

Regional pre-settlement funding companies that serve Florida 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. They claim to offer a fixed fee model with no interest. They claim that their fees vary from state to state.
  • 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.
  • Glofin Funding – Founded in 2002, Glofin Funding is one of the longest standing providers of personal injury funding in the United States. They serve plaintiffs nationwide with a few exceptions.
  • 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.

Other pre-settlement lawsuit loan companies serving Florida residents