Illinois Lawsuit Loans & Pre Settlement Funding

Why Is Lawsuit Funding Restricted In Illinois?

Non-recourse legal funding, commonly referred to as accident loans, personal injury lawsuit loans, or a lawsuit cash advance, can play a crucial role in ensuring access to justice for individuals who lack the financial resources to pursue litigation on their own.

However, in Illinois, specific laws have imposed restrictive measures on legal funding, hampering residents’ ability to secure the necessary financial support. Here, we’ll shed some light on these laws, citing relevant statutes, and explore the negative impact they have on Illinois residents. Our analysis will draw from an array of credible sources to present a comprehensive understanding of this issue.

Restrictive Legal Funding Laws in Illinois

There are two Illinois statutes that are responsible for the bulk of the restrictions on legal funding.

• Illinois Consumer Finance Act (205 ILCS 670/1 et seq.)
  The Illinois Consumer Finance Act governs various aspects of consumer finance lending in the state. Unfortunately, this statute also affects legal funding by imposing stringent regulations and limitations that hinder individuals from accessing financial assistance.
• Illinois Interest Act (815 ILCS 205/4)
  The Illinois Interest Act sets forth rules regarding permissible interest rates charged on loans. While intended to protect consumers, the act inadvertently affects legal funding, often leading to limited options and increased costs for individuals seeking financial assistance.

Negative Impact on Illinois Residents

These restrictive laws have had several adverse effects on the availability of legal funding and workers comp funding to residents of Illinois, including:

Lawsuit Funding In Illinois By City

^{The largest cities in Illinois are Chicago, Aurora, Joliet, Naperville, Rockford, Springfield, Elgin, Peoria, Champaign, Waukegan, Cicero, Bloomington, Schaumburg, Evanston, and Arlington Heights.}

^{TriMark Legal Funding no longer offers pre-settlement funding, post-settlement funding, or legal funding for workers compensation in any part of Illinois including Abingdon, Adair, Addieville, Addison, Adrian, Akin, Albany, Albers, Albion, Alden, Aledo, Alexander, Alexis, Algonquin, Alhambra, Allendale, Allerton, Alma, Alorton, Alpha, Alsey, Alsip, Alta, Altamont, Alto Pass, Alton, Altona, Alvin, Amboy, Anchor, Ancona, Andalusia, Andover, Anna, Annapolis, Annawan, Antioch, Apple River, Arcola, Arenzville, Argenta, Argonne, Arlington, Arlington Heights, Armington, Armstrong, Aroma Park, Arrowsmith, Arthur, Ashkum, Ashland, Ashley, Ashmore, Ashton, Assumption, Astoria, Athens, Atkinson, Atlanta, Atwater, Atwood, Auburn, Augusta, Aurora, Ava, Aviston, Avon, Baileyville, Baldwin, Bannockburn, Bardolph, Barnhill, Barrington, Barrington Hills, Barry, Barstow, Bartelso, Bartlett, Bartonville, Basco, Batavia, Batchtown, Bath, Baylis, Beach Park, Beardstown, Beason, Beaverville, Beckemeyer, Bedford Park, Beecher, Beecher City, Belknap, Belle Rive, Belleville, Bellflower, Bellmont, Bellwood, Belvidere, Bement, Benld, Bensenville, Benson, Benton, Berkeley, Berwick, Berwyn, Bethalto, Bethany, Bettendorf, Big Rock, Bingham Birds, Bishop Hill, Bismarck, Blackstone, Blandinsville, Bloomingdale, Bloomington, Blue Island, Blue Mound, Bluff Springs, Bluffs, Bluford, Boles, Bolingbrook, Bondville, Bone Gap, Bonfield, Bonnie, Boody, Bourbonnais Twp, Bowen, Braceville, Bradford, Bradley, Braidwood, Breese, Bridgeport, Bridgeview, Brighton, Brimfield, Bristol, Broadlands, Broadview, Brocton, Brookfield, Brookport, Broughton, Browning, Browns, Brownstown, Brussels, Bryant, Buckingham, Buckley, Buckner, Buda, Buffalo, Buffalo Grove, Buffalo Prairie, Bulpitt, Buncombe, Bunker Hill, Burbank, Bureau, Burlington, Burnside, Burnt Prairie, Burr Ridge, Bushnell, Butler, Byron, Cabery, Cache, Cahokia, Cairo, Caledonia, Calhoun, Calumet City, Camargo, Cambria, Cambridge, Camden, Cameron, Camp Grove, Camp Point, Campbell Hill, Campus, Canton, Cantrall, Capron, Carbon, Carbondale, Carlinville, Carlock, Carlyle, Carman, Carmi, Carol Stream, Carpentersville, Carrier Mills, Carrollton, Carterville, Carthage, Cary, Casey, Caseyville, Castleton, Catlin, Cave in Rock, Cedar Point, Cedarville, Centralia, Cerro Gordo, Chadwick, Chambersburg, Champaign, Chana, Chandlerville, Channahon, Chapin, Charleston, Chatham, Chatsworth, Chebanse, Chenoa, Cherry, Cherry Valley, Chester, Chesterfield, Chestnut, Chicago, Chicago Heights, Chicago Ridge, Chillicothe, Chrisman, Christopher, Cicero, Cisco, Cisne, Cissna Park, Clare, Claremont, Clarendon Hills, Clay City, Clayton, Claytonville, Cliff, Clifton, Clinton, Coal City, Coal Valley, Coatsburg, Cobden, Coello, Coeur, Coffeen, Colchester, Coleta, Colfax, Collinsville, Collison, Colona, Colp, Columbia, Colusa, Compton, Concord, Congerville, Cooksville, Cordova, Cornell, Cornland, Cortland, Cottage Hills, Coulterville, Country Club Hills, Countryside, Cowden, Creal Springs, Crescent City, Crest Hill, Creston, Crestwood, Crete, Creve, Cropsey, Crossville, Crystal Lake, Cuba, Cullom, Cutler, Cypress, Dahinda, Dahlgren, Dakota, Dale, Dallas City, Dalton City, Dalzell, Dana, Danforth, Danvers, Danville, Darien, Davis, Davis Junction, Dawson, De Kalb, De Land, De Soto, Decatur, Deer Creek, Deer Grove, Deer Park, Deerfield, Delavan, Depue, Des Plaines, Dewey, Dewitt, Dieterich, Divernon, Dix, Dixon, Dolton, Dongola, Donnellson, Donovan, Dorsey, Dover, Dow, Dowell, Downers Grove, Downs, DuBois, Dundas, Dundee, Dunfermline, Dunlap, Dupo, DuQuoin, Durand, Dwight, Eagarville, Earlville, East Alton, East Carondelet, East Dubuque, East Dundee, East Galesburg, East Hazel Crest, East Lynn, East Moline, East Peoria, East Saint Louis, Easton, Eddyville, Edelstein, Edgewood, Edinburg, Edwards, Edwardsville, Effingham, El Paso, Elburn, Elco, Eldena, Eldorado, Eldred, Eleroy, Elgin, Elizabeth, Elizabethtown, Elk Grove, Elkhart, Elkville, Ellery, Elliott, Ellis Grove, Ellisville, Ellsworth, Elmhurst, Elmira, Elmwood, Elmwood Park, Elsah, Elvaston, Elwin, Elwood, Emden, Emington, Emma, Energy, Enfield, Eola, Equality, Erie, Esmond, Essex, Eureka, Evanston, Evansville, Evergreen Park, Ewing, Fairbury, Fairfield, Fairmount, Fairview, Fairview Heights, Farina, Farmer City, Farmersville, Farmington, Fenton, Ferris, Fiatt, Fidelity, Fieldon, Fillmore, Findlay, Fisher, Fithian, Flanagan, Flat Rock, Flora, Flossmoor, Foosland, Forest City, Forest Park, Forrest, Forreston, Forsyth, Fowler, Fox Lake, Fox River Grove, Fox Valley, Frankfort, Frankfort Heights, Franklin, Franklin Grove, Franklin Park, Frederick, Freeburg, Freeman Spur, Freeport, Fulton, Fults, Gages Lake, Galatia, Galena, Galesburg, Galt, Galva, Garden Prairie, Gardner, Gate, Gays, Geff, Geneseo, Geneva, Genoa, Georgetown, Gerlaw, German Valley, Germantown Hills, Gibson City, Gifford, Gilberts, Gillespie, Gilman, Gilson, Girard, Gladstone, Glasford, Glen Carbon, Glen Ellyn, Glenarm, Glencoe, Glendale Heights, Glenview, Glenwood, Godfrey, Golconda, Golden, Golden, Golden Eagle, Golf, Good Hope, Goodfield, Goodwine, Goreville, Gorham, Grafton, Grand Chain, Grand Detour, Grand Ridge, Grand Tower, Granite City, Grant Park, Grantsburg, Granville, Graymont, Grayslake, Grayville, Great Lakes, Green Oaks, Green Valley, Greenfield, Greenup, Greenview, Greenville, Gridley, Griggsville, Groveland, Gurnee, Hagarstown, Hainesville, Hamburg, Hamel, Hamilton, Hamletsburg, Hammond, Hampshire, Hampton, Hanna City, Hanover, Hanover Park, Hardin, Harmon, Harrisburg, Harristown, Hartford, Hartsburg, Harvard, Harvel, Harvey, Harwood Heights, Havana, Hawthorn Woods, Hazel Crest, Hebron, Hecker, Henderson, Hennepin, Henning, Henry, Herald, Herod, Herrick, Herrin, Herscher, Hettick, Heyworth, Hickory, Hidalgo, Highland, Highland Park, Highwood, Hills, Hillsboro, Hillsdale, Hillside, Hillview, Hinckley, Hindsboro, Hines, Hinsdale, Hodgkins, Hoffman, Hoffman Estates, Holcomb, Homer, Hometown, Homewood, Hoopeston, Hooppole, Hopedale, Hopkins Park, Hoyleton, Hudson, Huey, Hull, Humboldt, Hume, Huntley, Huntsville, Hurst, Hutsonville, Hyde Park, Illinois City, Illiopolis, Ina, Indian Head Park, Indianola, Industry, Ingleside, Ingraham, Iola, Ipava, Iroquois, Irving, Irvington, Island Lake, Itasca, Iuka, Ivesdale, Jacksonville, Jacob, Janesville, Jerome, Jerseyville, Jewett, Johnsburg, Johnsonville, Johnston City, Joliet, Jonesboro, Joppa, Joy, Junction, Justice, Kampsville, Kane, Kaneville, Kankakee, Kansas, Karbers Ridge, Karnak, Kasbeer, Keenes, Keensburg, Keithsburg, Kell, Kempton, Kenilworth, Kenney, Kent, Kewanee, Keyesport, Kilbourne, Kildeer, Kincaid, Kinderhook, Kingston, Kingston Mines, Kinmundy, Kinsman, Kirkland, Kirkwood, Knoxville, La Fayette, La Fox, La Moille, La Place, La Prairie, La Rose, La Salle, Lacon, Ladd, LaGrange, LaGrange Park, LaHarpe, Lake Bluff, Lake Forest, Lake Fork, Lake in the Hills, Lake Villa, Lake Zurich, Lakemoor, Lakewood, Lanark, Lancaster, Lane, Lansing, Latham, Laura, Lawndale, Lawrenceville, Le Roy, Leaf River, Lebanon, Lee, Lee Center, Leland, Lemont, Lena, Lenzburg, Leonore, Lerna, Lewistown, Lexington, Liberty, Libertyville, Lima, Lincoln, Lincolnshire, Lincolnwood, Lindenhurst, Lindenwood, Lisle, Litchfield, Literberry, Little York, Littleton, Liverpool, Livingston, Loami, Lockport, Loda, Logan, Lomax, Lombard, London Mills, Long Grove, Long Point, Longview, Loogootee, Loraine, Lostant, Louisville, Lovejoy, Loves Park, Lovington, Lowder, Lowpoint, Ludlow, Lyndon, Lynn Center, Lyons, Macedonia, Machesney Park, Mackinaw, Macomb, Macon, Madison, Maeystown, Magnolia, Mahomet, Maine Twp, Makanda, Malden, Malta, Manchester, Manhattan, Manito, Manlius, Mansfield, Manteno, Maple Park, Mapleton, Maquon, Marengo, Marietta, Marine, Marion, Marissa, Mark, Markham, Maroa, Marseilles, Marshall, Martinsville, Martinton, Maryville, Mascoutah, Mason, Mason City, Matherville, Matteson, Mattoon, Maunie, Maywood, Mazon, McClure, McConnell, McCook, McHenry, McLean, McLeansboro, McNabb, Mechanicsburg, Medinah, Medora, Melrose Park, Melvin, Menard, Mendon, Mendota, Meredosia, Merna, Metamora, Metcalf, Metropolis, Michael, Middletown, Midlothian, Milan, Milford, Mill Shoals, Millbrook, Millcreek, Milledgeville, Miller City, Millington, Millstadt, Milmine, Milton, Mineral, Minier, Minonk, Minooka, Mitchell, Modesto, Mokena, Moline, Momence, Monee, Monmouth, Monroe Center, Montgomery, Monticello, Montrose, Mooseheart, Moro, Morris, Morrison, Morrisonville, Morton, Morton Grove, Mound City, Mounds, Mount Auburn, Mount Carmel, Mount Carroll, Mount Erie, Mount Morris, Mount Olive, Mount Prospect, Mount Pulaski, Mount Sterling, Mount Vernon, Mount Zion, Moweaqua, Mozier, Muddy, Mulberry Grove, Mulkeytown, Muncie, Mundelein, Murdock, Murphysboro, Murrayville, Nachusa, Naperville, Naperville Twp, Nashville, Nason, National City, Nauvoo, Nebo, Nelson, Neoga, Neponset, New Athens, New Baden, New Bedford, New Berlin, New Boston, New Burnside, New Canton, New Douglas, New Haven, New Holland, New Lenox, New Memphis, New Salem, New Windsor, Newark, Newman, Newton, Niantic, Niles, Nilwood, Niota, Noble, Nokomis, Nora, Normal, Norridge, Norris, Norris City, North Aurora, North Barrington, North Chicago, North Henderson, North Riverside, Northbrook, Northfield, Northlake, O’Fallon, Oak Brook, Oak Forest, Oak Lawn, Oak Park, Oakbrook Terrace, Oakdale, Oakford, Oakland, Oakley, Oakwood, Oblong, Oconee, Odell, Odin, Ogden, Oglesby, Ohio, Ohlman, Okawville, Old Mill Creek, Olive Branch, Olmsted, Olney, Olympia Fields, Omaha, Onarga, Oneida, Opdyke, Opheim, Oquawka, Orangeville, Oraville, Oreana, Oregon, Orient, Orion, Orland Hills, Orland Park, Osco, Oswego, Ottawa, Owaneco, Ozark, Palatine, Palestine, Palmer, Palmyra, Paloma, Palos Heights, Palos Hills, Palos Park, Pana, Panama, Papineau, Paris, Park Forest, Park Ridge, Parkersburg, Patoka, Patterson, Paw Paw, Pawnee, Paxton, Payson, Pearl, Pearl City, Pecatonica, Pekin, Penfield, Peoria, Peoria Heights, Peotone, Percy, Perks, Perry, Peru, Pesotum, Petersburg, Philo, Phoenix, Piasa, Pierron, Pinckneyville, Piper City, Pittsburg, Pittsfield, Plainfield, Plains, Plainview, Plainville, Plano, Plato Center, Pleasant, Pleasant Hill, Plymouth, Pocahontas, Polo Pomona, Pontiac, Pontoon Beach, Poplar Grove, Port Byron, Posen, Potomac, Prairie City, Prairie du Rocher, Preemption, Princeton, Princeville, Prophetstown, Prospect Heights, Pulaski, Putnam, Quincy, Radom, Raleigh, Ramsey, Rankin, Ransom, Rantoul, Rapids City, Raymond, Red Bud, Reddick, Redmon, Renault, Reynolds, Richmond, Richton Park, Richview, Ridge Farm, Ridgway, Ridott, Rinard, Ringwood, Rio, River Forest, River Grove, Riverdale, Riverside, Riverton, Riverwoods, Roanoke, Robbins, Roberts, Robinson, Rochelle, Rochester, Rock City, Rock Island, Rock Island Arsenal, Rockbridge, Rockfalls, Rockford, Rockport, Rockton, Rockwood, Rolling Meadows, Rome, Romeoville, Roodhouse, Rosamond, Roscoe, Roselle, Rosemont, Roseville, Rosiclare, Rossville, Round Lake, Round Lake Beach, Round Lake Heights, Round Lake Park, Roxana, Royal, Royalton, Rushville, Russell, Rutland, Sadorus, Sailor Springs, Saint Anne, Saint Augustine, Saint Charles, Saint David, Saint Elmo, Saint Francisville, Saint Jacob, Saint Joseph, Saint Libory, Saint Peter, Sainte Marie, Salem, San Jose, Sandoval, Sandwich, Sauget, Sauk Village, Saunemin, Savanna, Savoy, Sawyerville, Saybrook, Scales Mound, Schaumburg, Scheller, Schiller Park, Sciota, Scioto Mills, Scottville, Seaton, Seatonville, Secor, Seneca, Serena, Sesser, Seward, Seymour, Shabbona, Shannon, Shattuc, Shawneetown, Sheffield, Shelbyville, Sheldon, Sheridan, Sherman, Sherrard, Shields, Shiloh, Shipman, Shirland, Shirley, Shobonier, Shorewood, Shumway, Sibley, Sidell, Sidney, Sigel, Silvis, Simpson, Sims, Skokie, Sleepy Hollow, Smithboro, Smithfield, Smithshire, Smithton, Solon Mills, Somonauk, Sorento, South Beloit, South Elgin, South Holland, South Jacksonville, South Pekin, South Roxana, South Wilmington, Sparland, Sparta, Speer, Spring Grove, Spring Valley, Springerton, Springfield, Standard, Standard City, Stanford, Staunton, Steeleville, Steger, Sterling, Steward, Stewardson, Stillman Valley, Stockland, Stockton, Stonefort, Stonington, Stoy, Strasburg, Strawn, Streamwood, Streator, Stronghurst, Sublette, Sugar Grove, Sullivan, Summerfield, Summit, Summit Argo, Sumner, Sunnyland, Swansea, Sycamore, Table Grove, Tallula, Tamaroa, Tamms, Tampico, Taylor Ridge, Taylor Springs, Taylorville, Techny, Tennessee, Teutopolis, Texico, Thawville, Thayer, Thebes, Thomasboro, Thompsonville, Thomson, Thornton, Tilden, Tilton, Timewell, Tinley Park, Tiskilwa, Toledo, Tolono, Toluca, Tonica, Topeka, Toulon, Tovey, Towanda, Towers Lake, Tremont, Trenton, Trilla, Triumph, Trivoli, Troy, Troy Grove, Tunnel Hill, Tuscola, Ullin, Union, Union Hill, Unity, University Park, Urbana, Ursa, Utica, Valier, Valmeyer, Van Orin, Vandalia, Varna, Venice, Vergennes, Vermilion, Vermont, Vernon, Vernon Hills, Verona, Versailles, Victoria, Vienna, Villa Grove, Villa Park, Villa Ridge, Viola, Virden, Virgil, Virginia, Volo, Wadsworth, Waggoner, Walnut, Walnut Hill, Walsh, Walshville, Waltonville, Wapella, Warren, Warrensburg, Warrenville, Warsaw, Wasco, Washburn, Washington, Washington Park, Wataga, Waterloo, Waterman, Watseka, Watson, Wauconda, Waukegan, Waukegan Twp, Waverly, Wayne, Wayne City, Waynesville, Wedron, Weldon, Wellington, Wenona, West Brooklyn, West Chicago, West Dundee, West Frankfort, West Liberty, West Point, West Salem, West Union, West York, Westchester, Western Springs, Westfield, Westmont, Westville, Wheatland, Wheaton, Wheeler, Wheeling, White Hall, White Heath, Whittington, Williamsfield, Williamsville, Willisville, Willow Hill, Willow Springs, Willowbrook, Wilmette, Wilmington, Wilsonville, Winchester, Windsor, Winfield, Winnebago, Winnetka, Winslow, Winthrop Harbor, Witt, Wolf Lake, Wonder Lake, Wood Dale, Wood River, Woodhull, Woodland, Woodlawn, Woodridge, Woodson, Woodstock, Woosung, Worden, Worth, Wrights, Wyanet, Wyoming, Xenia, Yale, Yates City, Yorkville, Zeigler, and Zion.}