South Carolina Pre Settlement Funding & Lawsuit Loans

Why Is Lawsuit Funding Illegal In South Carolina?

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 South Carolina is not possible due to specific laws that prohibit its availability. In South Carolina, 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.”

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 South Carolina 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, South Carolina aims to preserve the integrity of its legal system and protect the interests of plaintiffs.

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 South Carolina 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 South Carolina. 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.

Lawsuit Funding In South Carolina By City

^{The largest cities in South Carolina are Charleston, Columbia, North Charleston, Mount Pleasant, Rock Hill, Greenville, Summerville, Goose Creek, Sumter, and Greer.}

^{TriMark Legal Funding no longer offers pre-settlement loans or post-settlement loans in any part of South Carolina including Abbeville, Adams Run, Aiken, Alcolu, Allendale, Anderson, Andrews, Arcadia Lakes, Awendaw, Aynor, Ballentine, Bamberg, Barnwell, Batesburg, Bath, Beaufort, Beech Island, Belton, Bennettsville, Bethera, Bethune, Bishopville, Blacksburg, Blackstock, Blackville, Blair, Blenheim, Bluffton, Blythewood, Bonneau, Bowling Green, Bowman, Bradley, Branchville, Brunson, Buffalo, Burton, Cades, Calhoun Falls, Camden, Cameron, Campobello, Canadys, Carlisle, Cassatt, Catawba, Cayce, Centenary, Central, Chapin, Chappells, Charleston, Charleston AFB, Charleston NWS, Cheraw, Cherry Grove Beach, Chesnee, Chester, Chesterfield, Clarks Hill, Clearwater, Clemson, Cleveland, Clifton, Clinton, Clio, Clover, Columbia, Conestee, Converse, Conway, Cope, Cordesville, Cordova, Cottageville, Coward, Cowpens, Crocketville, Cross, Cross Anchor, Cross Hill, Dale, Dalzell, Darlington, Daufuskie Island, Davis Station, Denmark, Dillon, Donalds, Dorchester, Drayton, Due West, Duncan, Early Branch, Easley, Eastover, Edgefield, Edgemoor, Edisto Island, Effingham, Ehrhardt, Elgin, Elko, Elliott, Elloree, Enoree, Estill, Eutawville, Fair Play, Fairfax, Fairforest, Fingerville, Florence, Floyd Dale, Folly Beach, Fork, Fort Jackson, Fort Lawn, Fort Mill, Fountain Inn, Fripp Island, Furman, Gable, Gadsden, Gaffney, Galivants Ferry, Garden City Beach, Garnett, Gaston, Georgetown, Gifford, Gilbert, Glendale, Gloverville, Goose Creek, Gramling, Graniteville, Gray Court, Great Falls, Greeleyville, Green Pond, Green Sea, Greenville, Greenwood, Greer, Gresham, Grover, Hamer, Hampton, Hanahan, Harbor Island, Hardeeville, Harleyville, Hartsville, Heath Springs, Hemingway, Hickory Grove, Hilda, Hilton Head Island, Hodges, Holly, Hill, Hollywood, Honea Path, Hopkins, Horatio, Huger, Inman, Irmo, Islandton, Isle of Palms, Iva, Jackson, Jacksonboro, Jamestown, Jefferson, Jenkinsville, Joanna, Johns Island, Johnsonville, Johnston, Jonesville, Kershaw, Kiawah Island, Kinards, Kings Creek, Kingstree, Kline, La France, Ladson, Lake City, Lake View, Lake Wylie, Lamar, Lancaster, Lando, Landrum, Lane, Langley, Latta, Laurens, Leesville, Lexington, Liberty, Liberty Hill, Little Mountain, Little River, Little Rock, Lobeco, Lockhart, Lodge, Long Creek, Longs, Loris, Lowndesville, Lugoff, Luray, Lydia, Lyman, Lynchburg, Manning, Marietta, Marion, Martin, Mauldin, Mayesville, Mayo, McBee, McClellanville, McColl, McConnells, McCormick, Miley, Minturn, Modoc, Moncks Corner, Monetta, Montmorenci, Moore, Mount Carmel, Mount Croghan, Mountain Rest, Mountville, Mullins, Murrells Inlet, Myrtle Beach, Neeses, Nesmith, New Ellenton, New Zion, Newberry, Newry, Nichols, Ninety Six, Norris, North, North Augusta, North Charleston, North Myrtle Beach, Norway, Olanta, Olar, Orangeburg, Pacolet, Pacolet Mills, Pageland, Pamplico, Parksville, Parris Island MCRD, Patrick, Pauline, Pawleys Island, Paxville, Peak, Pelion, Pelzer, Pendleton, Perry, Pickens, Piedmont, Pineland, Pineville, Pinewood, Pinopolis, Plum Branch, Pomaria, Port Royal, Powdersville, Prosperity, Quinby, Rains, Ravenel, Reevesville, Reidville, Rembert, Richburg, Richland, Ridge Spring, Ridgeland, Ridgeville, Ridgeway, Rion, Rock Hill, Roebuck, Round O Rowesville, Ruby, Ruffin, Russellville, Saint George, Saint Helena Island, Saint Matthews, Saint Stephen, Salem, Salley, Salters, Saluda, Sandy Springs, Santee, Sardinia, Scotia, Scranton, Seabrook, Seabrook Island, Sellers, Seneca, Sharon, Shaw AFB, Sheldon, Simpsonville, Six Mile, Slater, Smoaks, Smyrna, South of the Border, Spartanburg, Springdale, Springfield, Starr, Startex, State Park, Sullivans Island, Summerton, Summerville, Sumter, Sunset, Surfside Beach, Swansea, Sycamore, Tamassee, Tatum, Taylors, Tega Cay, Tigerville, Tillman, Timmonsville, Townville, Travelers Rest, Trenton, Troy, Turbeville, Ulmer, Una, Union, Valley Falls, Van Wyck, Vance, Varnville, Vaucluse, Wadmalaw Island, Wagener, Walhalla, Wallace, Walterboro, Ward, Ware Shoals, Warrenville, Waterloo, Wedgefield, Wellford, West Columbia, West Pelzer, West Union, Westminster, Westville, White Oak, White Rock, White Stone, Whitmire, Williams, Williamston, Williston, Windsor, Winnsboro, and Woodruff.}