If you are a plaintiff in a personal injury claim or other legal case, a cash advance on your lawsuit can give you money in a matter of days, as opposed to waiting months (or even years) for your case to resolve. If your case is promising, and bills are piling up, this might be the right decision for you.
How Pre-Settlement Funding Can Help
Lawsuits can take a long time to resolve, and expenses like rent, food, gas and medical bills won’t wait. Millions of Americans have chosen to obtain pre-settlement lawsuit funding so they can get cash from a promising lawsuit in a matter of days, as opposed to waiting for the legal process to run its course.
If you are considering whether or not pre-settlement funding is right for you, consider the following advantages:
You Don’t Have to Wait
Obtaining a lawsuit loan is typically a quick and easy process, especially when compared to alternatives such as applying for a traditional loan. When you work with a reliable lawsuit funding company like Mustang Funding, you can get your money in a matter of a few days, pending a stress-free application process.
There is No Risk
Pre-settlement funding is not a loan. In the event your case doesn’t go like you hope and you end up receiving nothing, you don’t have to pay your funding provider back.
You Could Gain Leverage
Patience is a virtue, especially for plaintiffs in personal injury claims. The defendant in your case wants you to be in a hurry. When you obtain a cash advance on a potential settlement, it gives you financial breathing room while giving your attorney more time and leverage to negotiate for a better settlement offer.
Consider the Alternatives
Pre-settlement funding isn’t your only option. You might also explore personal savings, borrowing from friends or family, traditional loans, or negotiating payment plans with creditors to cover your expenses while awaiting your settlement. These options come with their pros and cons, however, which you should carefully explore before making any important decisions.
- Loans can provide you with money in a timely manner, but they are loans, after all, and must be paid back. In the event your case ends with no compensation, you will still have to pay a traditional loan back.
- Drawing upon your personal savings is an alternative that requires no interest or fees, as you are using your own money, but it comes with the disadvantage of eliminating your financial safety net.
- Borrowing from friends or family may be possible, but it is very common for these situations to create strain in relationships if repayment is delayed, uncertain, or not possible.
Choosing to get a cash advance on a lawsuit is a big decision that should not be taken lightly. Learn more about how pre-settlement funding works so you can make an informed decision that is right for you and your loved ones.
Our ultimate guide to pre-settlement funding can help you explore all of the options, benefits, and considerations about this funding option.
Talk With a Pre-Settlement Funding Expert Today
Mustang Funding has disbursed millions of dollars and issued more than 10,000 checks to groups, firms and individuals like you. Learn more about pre-settlement funding and if it is right for you by talking with one of our friendly experts today.
About Mustang Funding
Mustang Funding, founded in 2018 and based in Wayzata, MN, is a litigation finance company dedicated to empowering individuals and law firms nationwide with transparent and innovative financial solutions. With over $170 million funded, 10,000+ checks issued, and more than 3,000 cases financed, Mustang provides plaintiff pre-settlement funding, law firm financing, and commercial funding to meet diverse client needs. Their commitment to transparency, integrity, and expertise sets them apart, offering tailored financial support to plaintiffs, businesses, and legal professionals. By bridging capital gaps and fostering access to justice, Mustang Funding continues to lead the legal asset investment industry with a strategic, inclusive, and forward-thinking approach.
