Pre-settlement lawsuit funding is available for clients involved in a wide range of lawsuits. It makes it possible to obtain funds before your case is resolved in as quickly as a few days—without a complicated application process. At Mustang Funding, there is no credit check for this type of legal financing. Instead, we contact your attorney to learn more about your case so we can prepare a proposal based on the likelihood of a good outcome.
We are a litigation finance company focused on high-quality, transparent capital solutions for law firms and their clients. Pre-settlement funding is sometimes called a lawsuit loan, but that term is incorrect. It is not a loan. It is a disbursement of money in anticipation of a settlement down the road. It is similar to a cash advance. The money is repaid when you receive your settlement or jury award. To learn more, contact us today.
What is Pre-Settlement Funding?
Lawsuits can take months or even years to settle. If your case is heading to trial, the waiting time is longer. Meanwhile, you may be unable to work, but there are still bills to pay, such as the mortgage, car payments, utilities, groceries, and tuition. To qualify for pre-settlement funding, you must have a current lawsuit filed and representation by an attorney. The approval process is simple and fast.
How Does Pre-Settlement Funding Work?
Here’s how pre-settlement funding works:
While you don’t need your attorney’s consent to apply for funding, we contact them to learn more about your case so we can prepare a proposal based on the likelihood of a good outcome. Your lawyer provides details regarding your lawsuit and the strength of your claim. At Mustang Funding, we base the decision on whether to approve your application based on the likelihood of receiving a settlement or verdict and the anticipated amount. In some cases, you’ll receive an answer within 24 hours.
Once you receive approval, contact your attorney to go over the proposal. We encourage you to review this information carefully to ensure you’re fully aware of your rights and responsibilities when you accept pre-settlement funding. If your case qualifies and you agree to the pre-settlement funding terms, we will transfer your money in as little as one day from the time you sign your agreement. Your funds are dispersed via check or direct transfer.
Keep in mind that pre-settlement funding is non-recourse. That means you do not have to repay the money if you do not receive a settlement or a jury’s verdict is not in your favor.
How Can You Use Pre-Settlement Funding?
While most people use their pre-settlement funding to pay medical expenses or other bills, there are no limits on what you can do with your funds. If you need a car, use the money to buy one or provide your children with the items they need. The decision is yours.
Contact Us to Learn More
Pre-settlement funding helps level the economic playing field against deep-pocketed defendants and insurance companies. When plaintiffs and their attorneys have adequate resources, they are better equipped to pursue a claim to its full potential.
Learn more from our ultimate guide to pre-settlement funding. Mustang Litigation Funding, located in Wayzata, MN, offers ethical institutional litigation funding to support justice. With personnel having 100+ years of combined investment experience and 50+ years in litigation finance, we’ve empowered 5,000+ civil litigants and 800 law firms.
