Updated on 8/16/2021
This article helps plaintiffs and attorneys alike learn more about lawsuit loans and alternatives in Oregon. Below you will find the following information:
Lawsuit loan alternatives in Oregon
Lawsuit loans are expensive. Plaintiffs in Oregon should exhaust all other options before seeking legal funding. Check out the local resources below for some ideas:
- Oregon Energy Fund – the Oregon Energy Fund is a non-profit program that offers assistance with energy bills to qualifying low-income Oregonians. Since 1989, the program has supported over 300,000 individuals.
- Cash Assistance For Families (TANF) – Temporary Assistance for Needy Families (TANF), a cash assistance program, offers cash stipends to support self-sufficiency. The program is open to those with little income or assets and has a monthly cap of $506.
- Oregon Emergency Rental Assistance Program – this program provides help with rental payments to prevent homelessness or housing instability. Eligible individuals can qualify for up to twelve months of assistance, including three future months.
Lawsuit funding laws, regulation and relevant ethics opinions in Oregon
Oregon does not have any state laws regulating consumer lawsuit loans. Common law leads the industry to believe that contracts would not be invalidated on the basis of champerty. The Oregon State Bar allows lawyers to participate in pre-settlement funding transactions on behalf of clients and does not allow lawyers to lend directly to clients for living expenses. Most if not all lawsuit lending companies can service the state of Oregon.
Legal funding case law in Oregon
In Brown v. Bigne, the Oregon Supreme Court decided that the contract between the two parties was champertous and void. The Supreme court did indicate however than a limited version of the champerty doctrine was necessary in modern times to prevent third-parties from meddling in and stirring up litigation.
Source: Brown v. Bigne
Can a lawyer lend money to a client in Oregon?
While representing a client, an Oregon lawyer cannot grant any financial assistance to clients. However, an attorney may finance the costs of litigation.
Source: Oregon Rules of Professional Conduct Rule 1.8(e)
Can attorneys help clients receive lawsuit loans in Oregon?
Provided that lawyers avoid conflicts of interest, maintain attorney-client privilege and do not share legal fees with a non-lawyer, they may inform clients of and assist clients with lawsuit lending arrangements.
Source: Oregon State Bar Formal Opinion No 2005-133
Lawsuit loan companies serving Oregon
Recommended lawsuit loan companies funding Oregon 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 Oregon
Compare Lawsuit Loans does not currently cover any local lawsuit lending companies in Oregon. Local funding companies interested in being included on this page may contact us at [email protected]
Other pre-settlement lawsuit loan companies serving Oregon residents
- Oasis Financial
- Glofin Funding
- Nova Legal Funding
- Golden Pear Funding
- Prime Case Funding
- Preferred Capital 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