South Carolina (SC) Lawsuit Loans

Updated on 8/16/2021

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

Lawsuit loan alternatives in South Carolina

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

Lawsuit funding laws, regulation and relevant ethics opinions in South Carolina

Due to stringent regulation in South Carolina, the few lawsuit loan companies that legally service the state have a minimum funding requirement of $90,000 to $110,000. The South Carolina Bar has issued an advisory opinion indicating that lawyers may participate in these transactions.

Laws regarding lawsuit loans in South Carolina

South Carolina regulators treat pre-settlement funding as traditional loans. According to §34-31-20, loans of less than $90,000 are capped at an 8.75% annual rate. No reputable funding companies provide funding in South Carolina of less than $90,000.
Source: South Carolina’s §34-31-20

Can a lawyer lend money to a client in South Carolina?

South Carolina attorneys cannot give financial assistance to plaintiffs, because to do so would give them a greater stake in the litigation. Additionally, doing so might encourage plaintiffs to pursue lawsuits they otherwise wouldn’t.
Source: South Carolina Rules of Professional Conduct Rule 1.8(e)

Can attorneys help clients receive lawsuit loans in South Carolina?

An attorney may ethically assist a client with obtaining legal funding from a lawsuit lending company.
Source: South Carolina Bar Ethics Advisory Opinion 94-04

Lawsuit loan companies serving South Carolina

Recommended lawsuit loan companies funding South Carolina 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

Thrivest Link Legal Funding Logo

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.

View Thrivest Link Legal Funding’s profile

Lawsuit loan companies located in South Carolina

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

Other pre-settlement lawsuit loan companies serving South Carolina residents