Pennsylvania (PA) Lawsuit Loans

Updated on 12/17/2021

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

Lawsuit loan alternatives in Pennsylvania

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

  • Pennsylvania’s Compass Website – Several Programs – COMPASS, Pennsylvania’s benefits portal, provides access to numerous state-sponsored programs, including medical assistance, food supplement programs, community-based services, and cash assistance options.
  • PA Cash Assistance Program (TANF) – available through COMPASS, Temporary Assistance for Needy Families (TANF) is a cash assistance program that supports low-income families, including pregnant women and households with dependent children. Qualifying families must have less than $1,000 in available resources.
  • Low-Income Home Energy Assistance Program – this program provides access to home energy bill assistance. Annual program grants range from $200 to $1,000 based on factors like utility bill amount and household size.

Lawsuit funding laws, regulation and relevant ethics opinions in Pennsylvania

Common law in PA illustrates that third party litigation funding is legal. Communications with a third-party funder are also protected by attorney-client privilege. Most lawsuit funding companies provide advances to PA residents.

Legal funding case law in Pennsylvania

After what they thought to be an inadequate award, a plaintiff sought litigation funding to pursue an appeal. The defendant filed a motion for summary judgement as a result of this financing. The court decided that the agreement to finance the appeal was champertous and therefore invalid.
Source: WFIC, LLC v. LaBarr et. al.

Can a lawyer lend money to a client in Pennsylvania?

As stated in the Pennsylvania Bar Association, lawyers cannot grant funding to clients while representing them. Lawyers can advance court related costs, with contingent repayment based on the success of the case.
Source: Pennsylvania Rules of Professional Conduct Rule 1.8(e)

Can attorneys help clients receive lawsuit loans in Pennsylvania?

Provided that an attorney explains certain advantages and disadvantages of the lawsuit loan and associated review process to a client, they may assist clients with lawsuit lending arrangements.
Source: Philadelphia Bar Association Opinion 99-8

Lawsuit loan companies serving Pennsylvania

Recommended lawsuit loan companies funding Pennsylvania 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 Pennsylvania

  • Covered Bridge Capital – Covered Bridge Capital is a Pennsylvania-based lawsuit settlement advance company based in Pennsylvania. They claim to have helped 73,000 plaintiffs receive over $138 million in funding since their founding in 2004.
  • JG Wentworth – JG Wentworth offers pre-settlement funding referral services through subsidiary Peachtree Financial.
  • 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.
  • Peachtree Financial Solutions – Peachtree Financial, a subsidiary of JG Wentworth, operates as a lawsuit loan referral service.
  • 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.
  • Universal Funds – Universal Funds was founded in Pennsylvania in 2009. They claim to provide up to $250,000 of lawsuit settlement funding is as little as 24 hours.

Regional pre-settlement funding companies that serve Pennsylvania 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.
  • 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.
  • 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 Pennsylvania residents