Mississippi (MS) Lawsuit Loans

Updated on 2/29/2024

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

Lawsuit loan companies serving Mississippi

Below you will find a list of companies that provide funding in Mississippi. We highlight lawsuit loan companies we recommend, as well as local and regional funding companies where applicable.

Recommended lawsuit loan companies funding Mississippi residents

Our pick for fast lawsuit settlement loans

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

Highly rated on Google

High Rise Financial is a California-based lawsuit loan company. They have the most five-star reviews of any funding company in the industry. In addition to pre-settlement funding, High Rise provides medical care scheduling and financing services.

View High Rise Financial’s profile

Lawsuit loan companies located in Mississippi

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

Regional pre-settlement funding companies that serve Mississippi residents

  • 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.
  • 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 Funding has solid reviews on Google but a less impressive reputation on Yelp.

Other pre-settlement lawsuit loan companies serving Mississippi residents

  • Golden Pear Funding – Golden Pear Funding 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.
  • Mustang Litigation Funding – Mustang Litigation Funding is a 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.
  • Nova Legal Funding – Nova Legal Funding is a direct funder and broker of lawsuit loans based in Los Angeles. They claim to have provided more than $70 million of pre-settlement funding to plaintiffs.
  • Oasis Financial – Oasis Financial is one of the largest pre-settlement lawsuit loan companies in the United States. Oasis Financial has provided funding to more than 250,000 plaintiffs since 2003.
  • Preferred Capital Funding – Preferred Capital Funding claims to be the first pre-settlement funding provider in the US. They receive most of their business directly from referring attorneys.

Lawsuit funding laws, regulation, and relevant ethics opinions in Mississippi

Mississippi statutory law effectively prohibits lawsuit loans. Case law has upheld this prohibition. Few settlement funding companies operate in the state because of this.

Laws regarding lawsuit loans in Mississippi

Mississippi Code Title 97. Crimes § 97-9-11. Maintenance and certain actions involving legal proceedings unlawful. Mississippi law prohibits lawsuit lending in the state on the basis of champerty and maintenance doctrines.
Source: Mississippi Code Title 97. Crimes § 97-9-11. Maintenance and certain actions involving legal proceedings unlawful

Legal funding case law in Mississippi

In Sneed v. Ford Motor Co. the court decided that valid assignments must avoid champerty. Champerty is prohibited by state law in MS.
Source: Sneed v. Ford Motor Co.

Can a lawyer lend money to a client in Mississippi?

In Mississippi, in order to avoid settling because of financial hardship, a lawyer can reasonably cover medical and living expenses for a client.Repayment for this funding would be contingent on the success of the case.
Source: Mississippi Rules of Professional Conduct 1.8(e)

Lawsuit loan alternatives in Mississippi

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

  • Mississippi’s Supplemental Nutritional Assistance Program (SNAP) – Mississippi’s Supplemental Nutrition Assistance Program (formerly the food stamp program) provides benefits every month to low-income households. This support can help them buy food that supports good nutrition. Benefits depend on income and household size.
  • Temporary Assistance for Needy Families (TANF) – this program offers temporary cash assistance to Mississippi residents across the state. Primary eligibility requirements include being a legal MS resident with a dependent child and being below a certain income level.
  • Mississippi Low-Income Child Care Initiative – the MLICCI is a statewide non-profit that connects parents in need with programs and assistance in caring for their children. This includes helping single parents with job training and assisting in the application process to receive state aid.