Updated on 12/14/2023
This article helps plaintiffs and attorneys alike learn more about lawsuit loans and alternatives in Washington. Below you will find the following information:
Lawsuit loan companies serving Washington
Below you will find a list of companies that provide funding in Washington. We highlight lawsuit loan companies we recommend, as well as local and regional funding companies where applicable.
Recommended lawsuit loan companies funding Washington residents
We recommend the following companies for plaintiffs residing in Washington.
Our pick for low rate lawsuit loans
USClaims 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 USClaims to see for yourself.
Our pick for fast lawsuit settlement loans
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.
Highly rated on Google
High Rise Financial is a California-based lawsuit loan company. They have the most five-star reviews of any funding company in the industry. In addition to pre-settlement funding, High Rise provides medical care scheduling and financing services.
Lawsuit loan companies located in Washington
- Golden Pear Funding – Golden Pear Funding 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.
Regional pre-settlement funding companies that serve Washington residents
- 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.
- 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 have a 4.6 / 5.0 rating on Google.
Other pre-settlement lawsuit loan companies serving Washington residents
- Cherokee Funding – Georgia-based Cherokee Funding provides pre-settlement and post-settlement plaintiff and attorney funding. They claim to fund almost all types of legal cases, so long as there is solid liability, damages, and a defendant with the ability to pay.
- Mustang Litigation Funding – Mustang Litigation Funding is a 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.
- Nova Legal Funding – Nova Legal Funding is a direct funder and broker of lawsuit loans based in Los Angeles. They claim to have provided more than $70 million of pre-settlement funding to plaintiffs.
- Oasis Financial – Oasis Financial is one of the largest pre-settlement lawsuit loan companies in the United States. Oasis Financial has provided funding to more than 250,000 plaintiffs since 2003.
- Signal Funding – Florida-based Signal Funding claims to provide $500 to $500,000 in pre-settlement funding with same-day service. They provide funding to injured plaintiffs nationwide. Signal Funding has solid reviews on Google but a less impressive reputation on Yelp.
Lawsuit funding laws, regulation, and relevant ethics opinions in Washington
Washington does not have any statutory law that directly impacts pre-settlement funding. Washington common law illustrates that pre-settlement funding is allowed in the state. Various cases including those that follow involving assignment of claims have made the court’s position clear. Unless a contract is contrary to public policy it would likely be upheld. Most companies provide funding to residents of WA.
Legal funding case law in Washington
Per Giambattista v. Nat’l Bank of Commerce – “champerty is the intermeddling of a stranger in the litigation of another, for profit, and maintenance is the financing of such intermeddling.” The court’s opinion in this case shows that so long as a third-party does not intermeddle in the litigation, they are not prohibited from financing it.
Source: Giambattista v. Nat’l Bank of Commerce
Can a lawyer lend money to a client in Washington?
A lawyer may advance or guarantee litigation expenses on behalf of a client.
Source: Washington Rules of Professional Conduct Rule 1.8(e)
Can attorneys help clients receive lawsuit loans in Washington?
The Washington State Bar ethics committee indicated that rule 1.8(e) precludes a lawyer from lending money to a client. In the same opinion, the committee indicated that a lawyer may arrange financing for a client from a third-party.
Source: Washington State Bar Association Advisory Opinion: 1691
Lawsuit loan alternatives in Washington
Lawsuit loans are expensive. Plaintiffs in Washington should exhaust all other options before seeking legal funding. Check out the local resources below for some ideas:
- Washington’s Apple Health (Medicaid) – Medicaid in Washington applies to low-income individuals in need of health care, including individual adults, seniors over age 65, pregnant individuals, and children.
- Temporary Assistance for Needy Families – Washington’s TANF program provides cash assistance based on family size and resource amount. Qualifying families must have available resources equal to or less to $6,000 and earn little to no income.
- Washington’s Basic Food Program – Basic Food is Washington’s SNAP program, providing resources to purchase food for qualifying low-income Washington residents.
- Low-Income Home Energy Assistance Program (LIHEAP) – A federal government program, LIHEAP provides access to assistance for energy costs based on income level and household size.
- Housing Assistance (Emergency Rent Assistance, Affordable Housing, etc.) – housing assistance in Washington includes emergency cash assistance, help with utilities, rental discounts, and access to long-term care resources.