Updated on 6/9/2021
This article helps plaintiffs and attorneys alike learn more about lawsuit loans in Virginia. Below you will find the following information:
Lawsuit funding laws, regulation and relevant ethics opinions in Virginia
Virginia state law allows assignment of legal case proceeds meaning that lawsuit loans are legally allowed in Virginia. Lawyers are allowed to help plaintiffs obtain loans from third parties, but are not allowed to lend to clients for living expenses themselves. Most lawsuit funding companies provide services to residents of VA.
Laws regarding lawsuit loans in Virginia
Virginia state law allows for assignment of legal case proceeds.
Source: § 8.01-26. Assignment of causes of action
Can a lawyer lend money to a client in Virginia?
In Virginia attorneys cannot give clients financial assistance.
Source: Virginia Rules of Professional Conduct Rule 1.8(e)
Lawsuit loan companies serving Virginia
Recommended lawsuit loan companies funding Virginia 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 Virginia
Compare Lawsuit Loans does not currently cover any local lawsuit lending companies in Virginia. Local funding companies interested in being included on this page may contact us at [email protected]