What Risks Are Involved in Pre-Settlement Legal Funding?
At Mustang Funding, pre-settlement funding is a non-recourse financial arrangement. This means that the funds are advanced to the plaintiff (the person filing the lawsuit) with the understanding that repayment is contingent upon a successful settlement or court verdict. If the lawsuit does not result in a financial award, the plaintiff is not required to […]
Can I Get Pre-Settlement Funding From My Attorney?
No, attorneys cannot provide pre-settlement funding for your pending lawsuit. They are required to act in their client’s best interests without being influenced by financial considerations. Providing funding directly could create a financial stake for the attorney in the outcome of the case, potentially compromising their objectivity. However, pre-settlement lawsuit funding from Mustang Funding helps […]
Are Pre-Settlement Funding Qualifications Different from State to State?
Yes, pre-settlement funding qualifications vary by state. Since there are no federal laws regulating pre-settlement funding, each state sets its own rules regarding eligibility, required documentation, funding limits, and borrower protections. Some states strictly regulate legal funding, while others allow for more flexibility. In this article, we’ll explore why these differences exist, how they impact […]