Waiting for your lawsuit to settle can be stressful, especially when bills pile up and financial pressures mount. What if you could get cash now to help with your expenses while you wait? That is where Minnesota pre settlement lawsuit funding comes in.
Although it is often called a “lawsuit loan,” it is not a loan at all. Instead, it is an advance on your future settlement. This means you do not have to worry about making payments or facing financial strain if your case does not go as planned.
With Minnesota pre-settlement funding, factors like your job history, employment status, or credit score are not considered. The approval is based solely on the strength of your case and its anticipated outcome.
It is a quick and easy way to access the funds you need without the risks.
How Pre-Settlement Funding in Minnesota Works
Getting started with pre-settlement funding in Minnesota is relatively simple. The application process is straightforward and hassle-free; simply provide details about your case and your financial needs.
Once your application is submitted, our team of experts will review your case, working closely with your attorney, to determine how much funding you can receive.
If your case is approved, you can typically expect to receive the funds within 24 hours, providing you with immediate financial relief. And because it’s your money, you can decide how to spend it.
The best part? Pre-settlement funding is non-recourse. Meaning that you only repay the advance if you win your case. If you do not win, you owe us nothing.
Minnesota Pre-Settlement Funding Laws
Before 2020, Minnesota’s champerty doctrine prohibited lawsuit loans, restricting third-party financial assistance in legal cases. Recent changes to the law now allow for easier access to pre-settlement funding, providing plaintiffs with more financial options during their legal proceedings.
The Minnesota Consumer Litigation Funding Act (MCLFA), enacted in 2023, is the key legislation that regulates lawsuit funding in the state. It mandates clear disclosure of funding terms and costs and establishes fair contract guidelines between funding companies and plaintiffs.
Personal Injury and Other Pre-Settlement Funding in Minnesota
Pre-settlement funding is available to individuals involved in a wide range of lawsuits. However, you will need to meet the following criteria to be eligible for funding in the state:
- You must be at least 18 years old.
- You need to have a lawyer representing you on a contingency basis.
- Your legal case must be currently ongoing.
Get Your Cash Advance Now With Mustang Funding
If you have any questions, do not hesitate to contact Mustang Funding today. We offer comprehensive resources and consulting to help you fully understand litigation financing in Minnesota.
We provide pre-settlement legal funding across the state, including Minneapolis, St. Paul, Rochester, Duluth, and Bloomington. Our services extend to other states where pre-settlement legal funding is available as well.
