Updated on 8/16/2021
This article helps plaintiffs and attorneys alike learn more about lawsuit loans and alternatives in Virginia. Below you will find the following information:
Lawsuit loan alternatives in Virginia
Lawsuit loans are expensive. Plaintiffs in Virginia should exhaust all other options before seeking legal funding. Check out the local resources below for some ideas:
- Virginia Rent Relief Program – the Virginia Relief Program (RRP) provides rental assistance to qualifying Virginians with the opportunity for annual renewal if required.
- Food Assistance – food assistance in Virginia is through the federal SNAP program, which offers aid to those who meet eligibility requirements based on income and resources.
- Medical Assistance Programs – there are a variety of medical assistance programs available in Virginia, including programs for children, pregnant women, families, and aging adults, as well as family planning and cancer detection services.
- Temporary Assistance for Needy Families (TANF) – the TANF program in Virginia offers financial assistance for families with eligible children. It is required to be administered in accordance with federal and state program statutes.
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 to their clients.
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]
Other pre-settlement lawsuit loan companies serving Virginia residents
- Oasis Financial
- Glofin Funding
- Nova Legal Funding
- Golden Pear Funding
- Prime Case Funding
- National Lawsuit Funding
- High Rise Financial
- Momentum Funding
- The Legal Funding Group
- Necessity Funding
- Signal Funding
- Case Cash Funding
- Bridgeway Legal Funding
- Pegasus Legal Capital
- Baker Street Funding
- Baric Enterprises
- Tribeca Capital Group
- Capital Now Funding