South Dakota (SD) Lawsuit Loans

Updated on 12/17/2021

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

Lawsuit loan alternatives in South Dakota

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

  • South Dakota Medicaid – Medicaid is a federal program offering health insurance to needy individuals without alternative options. In South Dakota, eligibility depends on income and life circumstances.
  • South Dakota Temporary Assistance For Needy Families (TANF) – Temporary Assistance for Needy Families (TANF) in South Dakota is a need-based program for families with minor children in need of support due to the death, absence, or disability of a parent or caretaker.
  • SD Supplemental Nutrition Assistance Program (SNAP) – SNAP provides monthly stipends toward the purchase of food items in South Dakota for qualifying households.
  • Rental Assistance – Rental assistance programs in South Dakota include Section 8 housing options, housing choice vouchers, USDA 515 rural development funding, and housing tax credits.

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

South Dakota common law indicates that champerty doctrines would likely be upheld – that means that lawsuit lending agreements could be challenged in court. There are no statutory laws regarding litigation funding and pre-settlement funding is not currently regulated as a loan in South Dakota. Despite the issues with SD common law, many funding companies still provide funding in the state.

Legal funding case law in South Dakota

Unruh Chiropractic Clinic v. De Smet Insurance Co., a chiropractor provided treatment on lien to two patients. Despite being notified of the lien, the insurance company paid out money to the patients without paying the chiropractor. Unruh sued and their case was dismissed on the grounds of common law maintenance and champerty.
Source: Unruh Chiropractic Clinic v. De Smet Insurance Co.

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

It is not unethical for attorneys in New Hampshire to help clients get funding. They must however be aware of any potential risks.
Source: South Dakota Rules of Professional Conduct Rule 1.8(e)

Lawsuit loan companies serving South Dakota

Recommended lawsuit loan companies funding South Dakota 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 South Dakota

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

Regional pre-settlement funding companies that serve South Dakota residents

  • Mustang Litigation Funding – Mustang Litigation Funding is 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.
  • Oasis Financial – Oasis Financial is one of the largest pre-settlement lawsuit loan companies in the United States. Oasis has provided funding to more than 250,000 plaintiffs since 2003.

Other pre-settlement lawsuit loan companies serving South Dakota residents