Updated on 8/16/2021
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 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.
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 companies serving Washington
Recommended lawsuit loan companies funding Washington 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 Washington
Compare Lawsuit Loans does not currently cover any local lawsuit lending companies in Washington. Local funding companies interested in being included on this page may contact us at [email protected]
Other pre-settlement lawsuit loan companies serving Washington residents
- Oasis Financial
- Glofin Funding
- Nova Legal Funding
- Golden Pear Funding
- Prime Case Funding
- Preferred Capital Funding
- National Lawsuit Funding
- High Rise Financial
- Momentum Funding
- The Legal Funding Group
- Necessity Funding
- Cherokee Funding
- Signal Funding
- Case Cash Funding
- Bridgeway Legal Funding
- Pegasus Legal Capital
- Baker Street Funding
- Baric Enterprises
- Tribeca Capital Group
- Capital Now Funding