Updated on 8/11/2021
This article helps plaintiffs and attorneys alike learn more about lawsuit loans and alternatives in Massachusetts. Below you will find the following information:
Lawsuit loan alternatives in Massachusetts
Lawsuit loans are expensive. Plaintiffs in Massachusetts should exhaust all other options before seeking legal funding. Check out the local resources below for some ideas:
- Economic assistance (cash benefits, TAFDC/EAEDC) – TAFDC and EAEDC are cash benefit programs that provide financial assistance to families with dependent children, the elderly, and people with disabilities. Support can be in the form of direct cash payments, subsidizing health insurance, or helping pay for education.
- Help With Housing, Rent, and Security Deposits – a list of resources that Massachusetts residents can use to get help paying rent, finding affordable housing, or getting set up in a new residence.
- Massachusetts Office on Disability (MOD) – use this page to explore some of the options for people who need to supplement their income for a variety of reasons. Programs include Paid Family and Medical Leave (PFML) and Social Security Disability Insurance (SSDI).
- Department of Transitional Assistance (DTA) – Massachusetts’ DTA helps low-income residents who are unable to work for at least 60 days with temporary assistance
Lawsuit funding laws, regulation and relevant ethics opinions in Massachusetts
Massachusetts allows legal funding. The common law doctrines of maintenance and champerty were abolished by the courts in 1997. Most national funding companies provide lawsuit loan services to plaintiffs in MA.
Legal funding case law in Massachusetts
Lisa Saladini advanced George Righellis funds in order to pursue his case, repayment of which was based on success of his case. He won the case however failed to inform Saladini about the win and did not pay her back. The court initially decided that the contract could not be enforced. However the state of Massachusetts found that champerty was abolished and took another look at the case.
Source: Lisa Saladini v. George P. Righellis
Can a lawyer lend money to a client in Massachusetts?
In Massachusetts. lawyers can advance any court related fee or expense till the end of the trial, repayment of which is based on the outcome of the case. Otherwise, the attorney cannot grant financial assistance to clients.
Source: Massachusetts Rules of Professional Conduct 1.8(e)
Lawsuit loan companies serving Massachusetts
Recommended lawsuit loan companies funding Massachusetts residents
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.
Thrivest Link Legal Funding offers fair terms with a fast, efficient funding process. Many companies claim to offer same-day or 24-hour lawsuit loans but Thrivest Link Legal Funding often actually makes it happen.
Lawsuit loan companies located in Massachusetts
Compare Lawsuit Loans does not currently cover any local lawsuit lending companies in Massachusetts. Local funding companies interested in being included on this page may contact us at [email protected]
Other pre-settlement lawsuit loan companies serving Massachusetts residents
- Oasis Financial
- Glofin Funding
- Nova Legal Funding
- LawStreet Capital
- Golden Pear Funding
- Prime Case Funding
- National Lawsuit Funding
- High Rise Financial
- Momentum Funding
- The Legal Funding Group
- Necessity Funding
- Cherokee Funding
- Signal Funding
- Case Cash Funding
- Bridgeway Legal Funding
- Pegasus Legal Capital
- Baker Street Funding
- Baric Enterprises
- Tribeca Capital Group
- Capital Now Funding