Iowa (IA) Lawsuit Loans

Updated on 12/17/2021

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

Lawsuit loan alternatives in Iowa

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

  • Rent and Utility Assistance Program – can provide up to 12 months of rent or utility assistance. You will need to verify your income and risk of homelessness. Eligible participants must qualify for unemployment compensation benefits or demonstrate financial hardship.
  • Food Banks in Iowa – get location and program information on food banks that service Iowa. Proof of residency may be required to participate.
  • Get Help Paying For Food in Iowa – the Supplemental Nutrition Assistance Program (SNAP) can give you and your family access to nutritious foods to stay healthy. Your household size and income determine eligibility and benefit amount.

Lawsuit funding laws, regulation and relevant ethics opinions in Iowa

Iowa does not have any state law regarding legal lending. Iowa common law indicates that champerty and maintenance doctrines do not apply but that courts will not enforce agreements contrary to the public good.

Legal funding case law in Iowa

Iowa law does not prohibit non-attorneys from engaging in maintenance and champerty, but case law states that Iowa courts will not uphold contracts that are contrary to justice and the peace and happiness of the community.
Source: Boardman v. Thompson

Can a lawyer lend money to a client in Iowa?

While an attorney cannot cover living expenses for a client, they can advance the costs of litigation or cover the costs completely. This is regulated by the Iowa Bar Association.
Source: Iowa Rules of Professional Conduct 1.8(e)

Can attorneys help clients receive lawsuit loans in Iowa?

Attorneys may not guarantee loans to clients. Standard funding agreements do not require an attorney’s guarantee.
Source: Iowa Rules of Professional Conduct 1.8(e)

Lawsuit loan companies serving Iowa

Recommended lawsuit loan companies funding Iowa 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 Iowa

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

Regional pre-settlement funding companies that serve Iowa residents

  • Mustang Litigation Funding – Mustang Litigation Funding is 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.
  • Oasis Financial – Oasis Financial is one of the largest pre-settlement lawsuit loan companies in the United States. Oasis has provided funding to more than 250,000 plaintiffs since 2003.
  • Preferred Capital Funding – Preferred Capital claims to be the first pre-settlement funding provider in the US. They receive most of their business directly from referring attorneys.

Other pre-settlement lawsuit loan companies serving Iowa residents