Maryland lawsuit funding is not 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 Maryland Is Prohibited By Law
Due to legislation passed by the state of Maryland, 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 Maryland. If the legislation ever changes and legal funding becomes available in Maryland, 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 Maryland?
In Maryland, legal funding, also known as lawsuit loans or pre-settlement funding, is prohibited under state law. The specific legislation that makes legal funding illegal in Maryland is found in the Maryland House Bill 1331.
Under this law, individuals or companies are prohibited from providing financial assistance to plaintiffs involved in pending lawsuits in exchange for a portion of their potential settlement or judgment. The rationale behind this prohibition is to prevent unregulated lending practices that may exploit vulnerable plaintiffs and interfere with the administration of justice.
Legal funding typically involves providing cash advances to plaintiffs who are awaiting the resolution of their lawsuits. This allows plaintiffs to cover their living expenses, medical bills, and other financial obligations during the often lengthy legal process. In return, if the plaintiff’s lawsuit is successful, the legal funding company would receive a portion of the settlement or judgment.
There are several benefits associated with legal funding. For plaintiffs who have been injured and are unable to work, legal funding can provide much-needed financial support. It allows them to meet their immediate financial needs without having to accept a lowball settlement offer from the opposing party.
Furthermore, legal funding levels the playing field by preventing defendants from exploiting plaintiffs’ financial vulnerability. It ensures that plaintiffs have access to proper legal representation and are able to pursue their claims diligently.
However, because legal funding is prohibited in Maryland, residents of the state are deprived of these potential benefits. Without access to legal funding, plaintiffs may face significant financial hardships during the litigation process. They may be forced to settle for less than what their case is worth or endure financial strain while awaiting a fair resolution.
Cases That Are Normally Eligible For Legal Funding
Some of the cases that legal funding is available on in other states include:
- Pre settlement loans on auto accidents
- Workers comp settlement funding
- Civil rights lawsuit funding
- Slip and fall accident loans
- Motor vehicle accident lawsuit loans
- Medical malpractice lawsuit loans
- Workplace accident lawsuit funding
- Personal injury settlement loans
- Lawsuit loans on employee lawsuits against employers
- Injured railroad worker lawsuit settlement loans
- Sexual abuse lawsuit settlement funding
- Fishing boat accident lawsuit loans
- Excessive force lawsuit settlement loans
- Wrongfully imprisoned settlement funding
- Dog bite lawsuit loans
- Clergy sexual abuse lawsuits
- Nursing home abuse lawsuit cash advance
- Semi truck accidents
- Workplace discrimination lawsuit settlement funding
- Cash advance on soft tissue injury lawsuit
Funding That Is Still Available In Maryland
While pre-settlement lawsuit cash advances and post-settlement cash advances are both prohibited in Maryland, TriMark does offer a variety of personal financial services and business finance options, in addition to post settlement funding for attorneys 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, we can help them sell structured settlement payments for cash.
Obtaining financial support during the course of a legal case can be difficult in Maryland, since third-party lawsuit funding is prohibited. Lengthy and costly lawsuits often leave plaintiffs with mounting medical bills, living expenses, and other costs they may not have the resources to cover.
Nevertheless, there are alternative solutions for those who require immediate funds such as personal loans, borrowing from friends or family, or seeking help from charitable organizations. Additionally, attorneys may provide contingency fee arrangements where they only receive payment if the case is successful – relieving much of the financial strain for plaintiffs.
Maryland Legal Funding FAQ
❓ Do You Offer Alternatives To Legal Funding In Maryland?
Yes. We have a variety of alternative funding solutions for Maryland 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 Maryland?
No. Workers comp loans are prohibited in Maryland, although alternative funding options exist that most borrowers should have no trouble qualifying for.
Lawsuit Funding In Maryland By City
The largest cities in Maryland are Washington, Shaw, Adams Morgan, Chevy Chase, and Bloomingdale.
TriMark Legal Funding no longer offers pre-settlement loans or post-settlement loans in any part of Maryland including Aberdeen, Abingdon, Accident, Adamstown, Adelphi, Allen, Annapolis, Annapolis USNA, Aquasco, Arnold, Ashton, Aspen Hill, Avenue, Baldwin, Baltimore, Barnesville, Barstow, Barton, Beallsville, Bel Air, Bel Alton, Belcamp, Beltsville, Benedict, Benson, Berlin, Berwyn Heights, Bethesda, Bethlehem, Betterton, Big Pool, Bishopville, Bittinger, Bivalve, Bladensburg, Bloomington, Boonsboro, Boring, Bowie, Boyds, Bozman, Braddock Heights, Bradshaw, Brandywine, Brentwood, Brookeville, Brooklandville, Broomes Island, Brownsville, Brunswick, Bryans Road, Bryantown, Buckeystown, Burkittsville, Burtonsville, Bushwood, Butler, Cabin John, California, Callaway, Calverton, Cambridge, Camp Springs, Cape Saint Claire, Capitol Heights, Cardiff, Carrolltowne, Cascade, Catonsville, Cavetown, Cecilton, Centreville, Chance, Chaptico, Charlestown, Charlotte Hall, Chase, Cheltenham, Chesapeake Beach, Chesapeake City, Chester, Chestertown, Cheverly, Chevy Chase, Chewsville, Childs, Chillum, Church, Church Hill, Churchton, Churchville, Claiborne, Clarksburg, Clarksville, Clear Spring, Clements, Clinton, Cobb Island, Cockeysville, Cockeysville Hunt Valley, Colesville, College Park, Colmar Manor, Colora, Coltons Point, Columbia, Compton, Comus, Conowingo, Cooksville, Cordova, Corriganville, Cottage City Creek, Crellin, Cresaptown, Crisfield, Crocheron, Crofton, Croom, Crownsville, Crumpton, Cumberland, Damascus, Dameron, Dames Quarter, Darlington, Darnestown, Davidsonville, Dayton, Deal Island, Deale, Deer Park, Delmar, Denton, Derwood, Dickerson, District Heights, Dowell, Drayden, Dundalk, Dunkirk, Earleville, East New Market, Easton, Eckhart Mines, Eden, Edgewater, Edgewood, Eldersburg, Elk Mills, Elkridge, Elkton, Ellerslie, Ellicott City, Emmitsburg, Essex, Ewell, Fairplay, Fallston, Faulkner, Federalsburg, Finksburg, Fishing Creek, Flintstone, Forest Hill, Forestville Fork, Fort Detrick, Fort Howard, Fort Meade, Fort Washington, Frederick, Frederick, Freeland, Friendship Heights, Friendsville, Frostburg, Fruitland, Fulton, Funkstown, Gaithersburg, Galena, Galesville, Gambrills, Gapland, Garrett Park, Garrison, Georgetown, Germantown, Gibson Island, Girdletree, Glen Arm, Glen Burnie, Glen Echo, Glencoe, Glenelg, Glenn Dale, Glenwood, Glyndon, Goldsboro, Granite, Grantsville, Grasonville, Great Mills, Greenbelt, Greensboro, Gunpowder, Gwynn Oak, Hagerstown, Halethorpe, Hampstead, Hancock, Hanover, Harwood, Havre de Grace, Hebron, Helen, Henderson, Henryton, Highland, Hillsboro, Hollywood, Hughesville, Hunt Valley, Huntingtown, Hurlock, Hyattstown, Hyattsville, Hydes, Ijamsville, Indian Head, Ingleside, Ironsides, Issue, Jarrettsville, Jefferson, Jessup, Joppa, Keedysville, Kennedyville, Kensington, Kent Narrows, Keymar, Kingsville, Kitzmiller, Knoxville, Ladiesburg, Lake Linganore, Landover, Landover Hills, Langley Park, Lanham, LaPlata, LaPlata, Largo, Lauraville, Lauraville, Laurel, LaVale, Laytonsville, Leonardtown, Lexington Park, Libertytown, Lineboro, Linkwood, Linthicum, Linthicum Heights, Linwood, Lisbon, Little Orleans, Loch Raven, Loch Raven Village, Lonaconing, Long Green, Lothian, Loveville, Luke, Lusby, Lutherville, Lutherville Timonium, Magnolia, Manchester, Manokin, Marbury, Mardela Springs, Marion Station, Marriottsville, Marydel, Maryland Line, Massey, Maugansville, Mayo, McDaniel, McHenry, Mechanicsville, Middle River, Middletown, Midland, Midlothian, Millers, Millersville, Millington, Mitchellville, Monkton, Monrovia, Montgomery Village, Montpelier, Morganza, Mount Airy, Mount Rainier, Mount Savage, Mount Victoria, Mountain Lake Park, Myersville, Nanjemoy, Nanticoke, Neavitt, New Carrollton, New Market, New Midway, New Windsor, Newark, Newburg, Newcomb, North Beach, North Bethesda, North Chevy Chase, North East, North Potomac, Nottingham, Oakland, Ocean City, Ocean Pines, Odenton, Oldtown, Olney, Owings, Owings Mills, Oxford, Oxon Hill, Park Hall, Parkton, Parkville, Parsonsburg, Pasadena, Perry, Perry Hall, Perryman, Perryville, Phoenix, Pikesville, Piney, Pinto, Pisgah, Pittsville, Pocomoke City Point, Point, Point of Rocks, Pomfret, Poolesville, Port Deposit, Port Republic, Port Tobacco, Potomac, Powellville, Preston, Price, Prince, Princess Anne, Pylesville, Quantico, Queen Anne, Queenstown, Randallstown, Rawlings, Rehobeth, Reisterstown, Rhodesdale, Riderwood, Ridge, Ridgely, Rising Sun, Riva, Riverdale Park, Riviera Beach, Rock Hall, Rock Point, Rockville, Rocky, Rohrersville, Rose Haven, Rosedale, Royal Oak, Ruxton, Sabillasville, Saint Inigoes, Saint James, Saint Leonard, Saint Mary’s City, Saint Michaels, Salisbury, Sandy, Savage, Scotland, Seabrook, Secretary, Severn, Severna Park, Shady, Sharpsburg, Sharptown, Sherwood, Sherwood Forest, Showell, Side, Silver Spring, Simpsonville, Smith Island, Smithsburg, Snow Hill, Solomons Island, Somerset, Sparks, Spencerville, Spring, Spring Gap, Springdale, Stevenson, Stevensville, Still Pond, Stockton Street, Sudlersville, Suitland, Sunderland, Swanton, Sykesville, Takoma Park, Tall, Taneytown, Taylors Island, Temple Hills, Templeville, Thurmont, Tilghman Island, Timbers, Timonium, Toddville, Towson, Tracys Landing, Trappe, Tuscarora, Tyaskin, Tylerton, Union Bridge, Uniontown, Unionville, University Park, Upper Fairmount, Upper Falls, Upper Marlboro, Upperco, Valley Lee, Vienna, Waldorf, Walkersville, Warwick, Washington Grove, Waverly, Welcome, Wenona, West Bethesda, West Friendship, West Hyattsville, West River, Westernport, Westminster, Westover, Whaleyville, Wheaton, White Hall, White Marsh, White Plains, Whiteford Willards, Williamsport, Wingate, Wittman, Woodbine, Woodsboro, Woodstock, Woolford, Worton, and Wye Mills.
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.