Massachusetts (MA) Lawsuit Loans

Updated on 12/17/2021

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 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 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]

Regional pre-settlement funding companies that serve Massachusetts 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 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.
  • LawStreet Capital – LawStreet Capital is a nationwide provider of pre-settlement lawsuit loans. They also provide funding to attorneys and purchase structured settlements.
  • National Lawsuit Funding – National Lawsuit Funding is a funding provider based in Pennsylvania. They focus on smaller advance amounts and charge interest rates as high as 8.99% compounded monthly.
  • 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 Massachusetts residents