State rules
Funders activeCase Equity in South Carolina.
ClaimAngel funders are active in South Carolina. One set rate: 27.8% simple, 2x cap at 46 months. If you don't win, you owe nothing back.
The industry calls this pre-settlement funding, legal funding, or a lawsuit loan. We call it Case Equity.
The facts
What South Carolina law says.
As of July 14, 2026
No funding statute, but the Department of Consumer Affairs ruled in 2014 that funding transactions are loans under the Consumer Protection Code: supervised-lender licensing and filed maximum-rate schedules apply rather than a numeric cap.
Verified against primary sources July 14, 2026. The full facts layer for South Carolina, with statute citations and sources, is being written; the summary above is current.
For educational purposes only, not legal advice. Laws change and courts reinterpret them. Check the dated sources on this page, and talk to a lawyer licensed in your state about your own case.
The questions
South Carolina funding, asked plainly.
Is pre-settlement funding legal in South Carolina?
Yes. No funding statute, but the Department of Consumer Affairs ruled in 2014 that funding transactions are loans under the Consumer Protection Code: supervised-lender licensing and filed maximum-rate schedules apply rather than a numeric cap. On ClaimAngel it is offered as Case Equity: one set rate, a hard cap, and nothing owed if you lose.
Can I get a lawsuit loan in South Carolina?
What the industry calls a lawsuit loan is not a loan: a loan bills you monthly and follows you if you lose, and this does neither. The accurate name for the modern product is Case Equity, money drawn from the value your case already holds. You can draw on your South Carolina case through ClaimAngel today, with no credit check and nothing owed if you lose.
How much does legal funding cost in South Carolina?
South Carolina does not set a state-specific price cap. On ClaimAngel the rate is public and the same everywhere we serve: 27.8% simple annual interest, never compounding, with a hard cap at 2x the draw plus financed fees. The calculator shows the exact payoff for your numbers, to the penny.
Is pre-settlement funding a loan?
In South Carolina, yes as a matter of state law: regulators classify funding transactions as loans, so funders there operate under the state's lending rules. The product itself is still built the other way: non-recourse, repaid only from a winning settlement, with no monthly bills. Read your contract and confirm the non-recourse term is in it.
What happens if I lose my case?
On ClaimAngel, you owe nothing back: the draw is repaid only from a settlement or judgment in your favor. One caution for South Carolina: the state classifies funding as a loan, and a loan can follow you if you lose. Before signing with anyone, make sure the contract says non-recourse, in writing.
Ready when you are. Same set rate for every South Carolina case, and nothing owed if you don't win.