Oklahoma (OK) Lawsuit Loans

Updated on 12/17/2021

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

Lawsuit loan alternatives in Oklahoma

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

  • Rental and Housing Assistance in Oklahoma – rental help in Oklahoma includes subsidized apartments and Section 8 housing vouchers for residents who qualify based on income and resource requirements.
  • Low Income Home Energy Assistance Program (LIHEAP) – LIHEAP offers assistance for home energy use in two forms: the first is Regular Energy Assistance Program (REAP), a non-crisis resource. The second is the Energy Crisis Assistance Program (ECAP), an emergency service available between March and May for those establishing new services or restore interrupted services.
  • Temporary Assistance for Needy Families (TANF) – with help from TANF, families can receive temporary cash assistance on a limited-time basis, including Soonercare, a child care subsidy.

Lawsuit funding laws, regulation and relevant ethics opinions in Oklahoma

Oklahoma law requires registration with the state and certain disclosures in lawsuit loan contracts but stops short of placing a rate cap on legal funding transactions. Lawyers cannot provide loans for living expenses to their clients. Some lawsuit funding companies are registered with and fund in the state..

Laws regarding lawsuit loans in Oklahoma

Oklahoma’s statute regarding lawsuit loans (Consumer Litigation Funding Agreements) enforces disclosure requirements for lawsuit lending contracts. Oklahoma does not impose rate or fee caps on pre-settlement funding contracts. Lawsuit loan companies must be registered and licensed with the state to fund residents of Oklahoma.
Source: Consumer Litigation Funding Agreements

Can a lawyer lend money to a client in Oklahoma?

Clients in Oklahoma cannot receive loans from attorneys. Depending on the situation, an attorney can advance or even cover the costs of litigation on behalf of the client.
Source: Oklahoma Rules of Professional Conduct Rule 1.8(e)

Lawsuit loan companies serving Oklahoma

Recommended lawsuit loan companies funding Oklahoma 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 Oklahoma

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

Regional pre-settlement funding companies that serve Oklahoma residents

  • Capital Now Funding – Capital Now Funding is a Kentucky-based settlement advance company founded in 2015. They claim to offer a fixed fee model with no interest. They claim that their fees vary from state to state.
  • Client Legal Funding – Florida-based Client Legal Funding was founded in 2011. They offer pre-settlement funding, post-settlement funding, medical funding and attorney funding services.
  • Express Legal Funding – Express Legal Funding is based in Plano, Texas. They aim to offer the most affordable rates in the industry.
  • Glofin Funding – Founded in 2002, Glofin Funding is one of the longest standing providers of personal injury funding in the United States. They serve plaintiffs nationwide with a few exceptions.
  • Momentum Funding – Headquartered in Florida, Momentum Funding focuses on personal injury and workers’ compensation lawsuit advances.
  • The Legal Funding Group – Based in Savannah, Georgia, The Legal Funding Group provides lawsuit cash advances nationwide. On their website, they quote a rate of 36% every six months.

Other pre-settlement lawsuit loan companies serving Oklahoma residents