Arkansas lawsuit funding is no longer available to help plaintiffs get the money they need to pay bills while their lawsuit is still pending or even after it is settled. But don’t worry; TriMark Legal Funding has you covered.
Legal Funding in Arkansas Is Prohibited By Law
Due to legislation passed by the state of Arkansas, TriMark Legal Funding is not able to offer pre settlement lawsuit loans, pre settlement funding buyouts, post settlement lawsuit loans, or workers comp settlement loans to residents of the state of Arkansas. If the legislation ever changes and legal funding becomes available in Arkansas, we will update this page.
It’s OK though; we have an array of “non-legal-funding-related” financial alternatives for you!
For nearly two decades, TriMark Legal Funding has maintained a large network of private lenders that can provide a host of financial solutions to our clients who, like you, live in one of the states where legal funding is prohibited, restricted, or workers comp funding is not available.
Either that, or they got denied for funding, their case was ineligible for some reason, their attorney wouldn’t cooperate, they had too much prior funding to qualify, or they didn’t qualify for as much funding as they needed.
Whatever the circumstances, they all still need money desperately, just like you do, and we still want to help.
And here’s the thing: Our network of lenders works fast, they like to say ‘yes’ a lot, and they can work with all types of borrowers and all types of credit!
Are you interested in learning how the lenders in our network can help you?
Legal Funding Is Not Available
This State Prohibits Legal Funding
If you need money now and would like information about some alternative funding options that may be available, please complete this form.
Why Is Lawsuit Funding Illegal In Arkansas?
Lawsuit funding, also known as legal funding or litigation financing, can be a valuable resource for individuals involved in legal disputes. However, navigating the legal landscape surrounding lawsuit funding in Arkansas is not possible due to specific laws that restrict its availability. In Arkansas, there is a law that makes it illegal for a third party to provide lawsuit funding, commonly referred to as “third-party litigation funding” or “non-recourse loans.”
The specific law that prohibits third-party lawsuit funding in Arkansas is Arkansas Rule of Professional Conduct 5.4(a).
This rule states that lawyers are not allowed to share fees with non-lawyers, which includes any arrangement where a non-lawyer provides funding for a client’s lawsuit in exchange for a share of the settlement or judgment amount. The purpose of this rule is to maintain the integrity and independence of the legal profession by preventing conflicts of interest and ensuring that decisions made in legal matters are in the best interest of the client.
The rationale behind the prohibition on third-party lawsuit funding in Arkansas stems from concerns about potential unethical practices and interference with the attorney-client relationship. Opponents argue that allowing non-lawyers to provide funding could lead to conflicts of interest, compromised legal strategies, and undue influence on the outcome of the case. By maintaining strict regulations on lawsuit funding, Arkansas aims to preserve the integrity of its legal system and protect the interests of plaintiffs.
Cases That Are Normally Eligible For Legal Funding
Some of the cases that legal funding is available on in other states include:
- Auto accident loans
- Workers comp settlement loans
- Civil rights legal funding
- Slip and fall accident funding
- Motor vehicle accident loans
- Medical malpractice lawsuits
- Workplace accident injuries
- Personal injury loans
- Lawsuits against employers
- FELA railroad worker injuries
- Sexual abuse lawsuit funding
Funding That Is Still Available In Arkansas
While pre-settlement lawsuit funding and post-settlement cash advances are both prohibited in Arkansas, TriMark does offer a variety of personal finance and business financing options, in addition to attorney post settlement funding and various types of law firm funding.
For heirs and beneficiaries to an estate in probate, i.e. those who are expecting to inherit some money, an inheritance loan on an inheritance near me can provide access to a generous portion of a beneficiary’s inheritance money immediately.
And for annuitants who receive periodic payments from structured settlements but could use a lump sum of cash, selling structured settlement payments for cash is an option.
However, the prohibition on third-party lawsuit funding can create significant challenges for individuals seeking financial support during the course of their legal cases. Lawsuits can be lengthy and expensive endeavors, often resulting in financial hardships for plaintiffs who may require immediate funds for medical bills, living expenses, or legal costs. Without access to lawsuit funding, individuals involved in legal disputes in Arkansas may face difficulties in obtaining the necessary resources to pursue their claims fully.
It is important to note that while third-party lawsuit funding is restricted, there are alternatives available to plaintiffs in Arkansas. Plaintiffs who need money now may explore other options such as personal loans, borrowing from friends or family, or seeking financial assistance from charitable organizations. Additionally, attorneys may offer contingency fee arrangements, where they only receive payment if the case is successful, alleviating some of the financial burden for plaintiffs.
Arkansas Legal Funding FAQ
❓ Do You Offer Alternatives To Legal Funding In Arkansas?
Yes. We have a variety of alternative funding solutions for Arkansas residents who are ineligible for legal funding.
❓ Can I Qualify For A Legal Funding Alternative If I Have Bad Credit?
We make no guarantees, but in all probability, yes. Our lenders can work with almost all borrowers and almost all types of credit.
❓ Are Workers Comp Settlement Loans Available In Arkansas?
No. Workers comp loans are prohibited in Arkansas, although alternative funding options exist that most borrowers should have no trouble qualifying for.
Lawsuit Funding In Arkansas By City
TriMark Legal Funding no longer offers pre-settlement loans or post-settlement loans in any part of Arkansas including Adona, Alco, Alexander, Alicia, Alix, Alleene, Alma, Almyra, Alpena, Alpine, Altheimer, Altus, Amagon, Amity, Antoine, Arkadelphia, Arkansas City, Armorel, Ash Flat, Ashdown, Atkins, Aubrey, Augusta, Austin, Avoca, Balch, Bald Knob, Banks, Barling, Barton, Bass, Bassett, Bates, Batesville, Bauxite, Bay, Bearden, Beaver, Bee, Beebe, Beech Grove, Beedeville, Beirne, Bella Vista, Belleville, Ben Lomond, Benton, Bentonville, Bergman, Berryville, Bexar, Big Flat, Bigelow, Biggers, Birdeye, Biscoe, Bismarck, Black Oak, Black Rock, Blakely, Blevins, Blue Mountain, Bluff City, Bluffton, Blytheville, Board Camp, Boles, Bonnerdale, Bono, Booneville, Boswell, Bradford, Bradley, Branch, Branch Brickeys, Briggsville, Brinkley, Brockwell, Brookland, Bruno, Bryant, Buckner, Bull Shoals, Burdette, Byron, Cabot, Caddo Gap, Caldwell Cale, Calico Rock, Calion, Camden, Camp, Camp Joseph T Robinson, Canehill, Caraway, Carlisle, Carthage, Casa, Cash, Casscoe Cave, Cave Springs, Cecil, Cedarville, Center Ridge, Centerton, Centerville, Charleston, Charlotte, Cherokee Village, Cherry Valley, Chester, Chidester, Choctaw City, City Clarendon, Clarkedale, Clarkridge, Clarksville, Cleveland, Clinton, Coal Hill, College, College Station, Colt, Columbus, Combs, Compton, Concord, Conway, Cord, Corning, Cotter, Cotton Plant, Cove, Coy, Crawfordsville, Crocketts Bluff, Crossett, Crumrod, Curtis, Cushman, Damascus, Danville, Dardanelle, Datto, De Queen, De Valls Bluff, Decatur, Deer, Delaplaine, Delaware, Delight, Dell, Dennard, Dermott, Des Arc, Desha, DeWitt, Diamond City, Diamond Lakes, Diaz, Dierks, Doddridge, Dolph, Donaldson, Dover, Drasco, Driver, Dumas, Dyer, Dyess, Earle, East Camden, Edgemont, Edmondson, Egypt, El Dorado, El Paso, Elaine, Elizabeth, Elkins, Elm Springs, Emerson, Emmet, England, Enola, Ethel, Etowah, Eudora, Eureka Springs, Evansville, Evening Shade, Everton, Fairbanks, Fairfield Bay, Farmington, Fayetteville, Ferndale, Fifty Six Fisher, Flippen Floral, Fordyce, Foreman, Forrest City, Fort Smith, Fouke, Fountain Hill, Fox, Franklin, Frenchmans Bayou, Friendship, Fulton, Gamaliel, Garfield, Garland City, Garner, Gassville, Gateway, Genoa, Gentry, Gepp, Gilbert, Gillett, Gillham, Gilmore, Glencoe, Glenwood, Goodwin, Goshen, Gosnell, Gould, Grady, Grannis, Grapevine, Gravel Ridge, Gravelly, Gravette, Green Forest, Greenbrier, Greenway, Greenwood, Greers Ferry, Gregory, Griffithville, Grubbs, Guion, Gurdon Guy, Hackett, Hagarville, Hamburg, Hampton, Hardy, Harrell, Harriet, Harrisburg, Harrison, Hartford, Hartman, Harvey, Haskell, Hasty, Hatfield, Hattieville, Hatton, Havana, Haynes, Hazen, Heber Springs, Hector, Helena, Henderson, Hensley, Hermitage, Heth, Hickory, HickoryPlains, Higden, Higginson, Hindsville, Hiwasse, Holly Grove, Hope, Horatio, Hot Springs, Hot Springs Village, Houston, Howell, Hoxie Hughes, Humnoke, Humphrey, Hunt, Hunter, Huntington, Huntsville, Huttig, Ida, Imboden, Ingalls, Ivan, Jacksonport, Jacksonville, Jasper, Jefferson, Jennie, Jerome, Jersey, Jerusalem, Jessieville, Johnson, Joiner, Jones Mills, Jonesboro, Jordan, Judsonia, Junction City, Keiser, Kensett, Keo, Kingsland, Kingston, Kirby, Knobel, Knoxville, La Grange, Lafe Lake Catherine, Lake City, Lake Hamilton, Lake Village, Lakeview, Lamar, Lambrook, Laneburg, Langley, Lavaca, Lawson, Leachville, Lead Hill, Leola, Lepanto, Leslie, Letona, Lewisville, Lexa, Light, Lincoln, Little Rock, Little Rock AFB, Lockesburg, Locust Grove, London, Lonoke, Lonsdale, Louann, Lowell, Luxora, Lynn, Mabelvale, Madison, Magazine, Magness, Magnolia, Malvern, Mammoth Spring, Manila, Mansfield, Marble Falls, Marcella, Marianna, Marion, Marked Tree, Marmaduke, Marshall, Marvell, Maumelle, Mayflower, Maynard, Maysville, Mc Caskill, Mc Dougal, Mc Neil, McCrory, McGehee, McRae, Melbourne, Mellwood, Mena, Menifee, Mid America, Midland, Midway, Mineral Springs, Minturn, Moko, Monette, Monroe, Monticello, Montrose, Moro, Morrilton, Morrow, Moscow, Mount Holly, Mount Ida, Mount Judea, Mount Pleasant, Mount Vernon, Mountain Home, Mountain Pine, Mountain View, Mountainburg, Mulberry, Murfreesboro, Nashville, Natural Dam, New Blaine, New Edinburg, Newark Newhope, Newnata, Newport, Norfork, Norman, Norphlet, North, North Little Rock, O’Kean, Oak Grove, Oakland, Oark, Oden, Ogden, Oil Trough, Okolona, Ola, Omaha, Oneida, Onia, Osceola, Oxford, Ozan, Ozark, Ozone, Palestine, Pangburn, Paragould, Paris, Parkdale, Parkin Parks, Paron, Parthenon, Patterson, Payneway, Pea Ridge, Peach Orchard, Pearcy Peel, Pelsor, Pencil Bluff, Perry, Perryville, Pettigrew, Pickens, Piggott, Pindall, Pine Bluff, Pine Ridge, Pineville, Plains, Plainview, Pleasant, Pleasant Grove, Plumerville, Pocahontas, Pollard, Ponca, Poplar Grove, Portia, Portland, Pottsville, Poughkeepsie, Powhatan, Poyen, Prairie Grove, Prattsville, Prescott, Prim, Proctor, Pyatt, Quitman, Ratcliff, Ravenden, Ravenden Springs, Rector, Redfield, Reydell, Reyno, Ridge, Rison, Rivervale, Roe, Rogers, Rohwer, Roland, Romance, Rose Bud, Rosie, Rosston, Rover, Royal, Rudy, Russell, Russellville, Saffell, Sage, Saint Charles, Saint Francis, Saint Joe, Saint Paul, Salado, Salem, Saratoga, Scotland, Scott, Scranton, Searcy, Sedgwick, Shannon Hills, Sheridan, Sherrill, Sherwood, Shirley, Sidney, Siloam Springs, Sims, Smackover, Smithville, Snow Lake, Solgohachia, Southshore, Sparkman, Springdale, Springfield, Springs, Springtown, Stamps, Star City, Stephens, Steprock, Story, Strawberry, Strong, Sturkie, Stuttgart, Subiaco, Success, Sulphur, Sulphur Rock, Summers, Summit, Sweet Home, Swifton, Tamo, Taylor, Texarkana, The Highlands, Thida, Thornton, Tichnor, Tillar, Tilly, Timbo, Tinsman, Tomato, Tontitown, Traskwood, Trumann, Tucker, Tuckerman, Tumbling Shoals, Tupelo, Turner, Turrell, Twist, Tyronza, Ulm, Umpire, Uniontown, Urbana, Valley Springs, Van Buren, Vandervoort, Vanndale, Vendor Village, Vilonia, Viola, Violet Hill, Wabash, Wabbaseka, Walcott, Waldenburg, Waldo, Waldron, Walnut Ridge, Ward, Warm Springs, Warren, Washington, Watson, Waveland, Weiner, Wesley, West Fork, West Helena, West Memphis, West Point, West Ridge, Western Grove, Wheatley, Whelen Springs, White Hall, White River, Wickes, Wideman, Widener, Wilburn, Williford, Willisville, Wilmar, Wilmot, Wilson, Wilton, Winchester, Winslow, Winthrop, Wiseman, Witter, Witts Springs, Woodson, Wooster, Wright, Wrightsville, Wynne, Yellville, Yorktown, and Zion.
TriMark Legal Funding makes every effort to provide lawsuit loans, loans for lawyers, inheritance advance, probate advance, and sell structured settlement services in the following states: Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, Washington DC, West Virginia, Wisconsin, and Wyoming.