Maine (ME) Lawsuit Loans

Updated on 12/17/2021

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

Lawsuit loan alternatives in Maine

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

  • Get Help With Mortgage Payments in Maine – Maine State Housing Authority (MSHA) resources that provides Maine residents who are having trouble a list of resources to help. Must be a resident of the state of Maine to use listed options.
  • Get Help Paying Rent in Maine – an MSHA resource that connects low-income residents of Maine with housing voucher programs for public housing, low-cost short-term rentals, and more.
  • Get Help Paying for Utilities in Maine – an MSHA resource that connects Maine residents with options to help get assistance with LIHEAP funds for paying their utility bills, as well programs to help afford heat pump installation, weatherization, and more.
  • Maine Food Bank Map – a site that helps low-income Maine residents find their nearest food bank. Residency requirements may apply.

Lawsuit funding laws, regulation and relevant ethics opinions in Maine

Maine regulates lawsuit loans by law and requires registration in the state. They do not have an interest rate cap included in the registration. Many companies claim to service the state of Maine, but not all are registered with the state.

Laws regarding lawsuit loans in Maine

See MRS Title 9-A, Article 12. Legal Funding Practices. Enacted in 2008, Maine’s statute requires registration in the state. It mandates that lawsuit lending agreements be written in a clear and coherent manner to promote consumers’ understanding thereof. Maine does not cap interest rates.
Source: MRS Title 9-A, Article 12. Legal Funding Practices

Can a lawyer lend money to a client in Maine?

Lawyers cannot give their clients loans, as stated in the Maine bar Association guidelines. This is because there is a fear that in doing to, the clients will pursue lawsuits they otherwise would not have.
Source: Maine Rules of Professional Conduct 1.8(e)

Lawsuit loan companies serving Maine

Recommended lawsuit loan companies funding Maine 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 Maine

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

Regional pre-settlement funding companies that serve Maine 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.
  • 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 Maine residents