After receiving pre-settlement funding, you can use the money to pay for food, your children’s tuition, mortgage payments, medical expenses, and other daily expenses while you wait for your lawsuit to move through the legal system. At the conclusion of your case, your funding company will collect repayment and associated fees from your successful verdict or settlement. If your case doesn’t end in your favor, you owe nothing. The lender takes all the risk.
Pre-settlement funding is like a cash advance on an anticipated settlement or verdict in a personal injury case. The future settlement serves as collateral. At Mustang Funding, we offer funding amounts ranging from $500 to $100,000, typically without any restrictions on how the cash is used. Contact us today to learn more.
3 Things You Can Expect After Receiving Pre-Settlement Funding
Pre-settlement lawsuit funding is an attractive option for those engaged in protracted litigation. If you are a plaintiff in a legal claim arising from a car accident, slip and fall, medical malpractice, or other civil lawsuits, here are three things you can expect to happen after you receive your pre-settlement funding:
An Improved Financial Situation
Waiting for a personal injury claim or other legal case to move through the legal system can last months. Meanwhile, you may not be working as you recover and finances are tight. Pre-settlement funding can turn your financial situation around in a matter of days, providing you with the money you need to keep up with your bills and live comfortably.
When you work with an industry leader like Mustang Funding, applying for a pre-settlement loan can take less than two minutes. If you have provided complete contact information for your attorney, we could have an answer for you in just 24 hours. You should receive your pre-settlement funding in as little as one day if approved. Funds are dispersed via check or direct transfer.
Learn more about how pre-settlement funding works.
A Stronger Negotiating Position
If you urgently need your settlement money, you can lose leverage at the negotiating table—generally, plaintiffs desperate for cash are more likely to accept a lowball offer. Pre-settlement funding removes that financial pressure, giving you the time and a sense of security to hold out for a fair offer.
Read our ultimate guide to pre-settlement funding to learn more about this process.
Repayment at the Conclusion of Your Case
Pre-settlement funding is repaid when you reach a settlement or receive a favorable verdict. Depending on the state, settlements or judgment awards are distributed in the following order:
- Medical liens and related fees
- Attorney and court fees
- Pre-settlement funding advances
The plaintiff receives the balance of the settlement or award after these distributions are made. Your lawyer should handle all distributions.
Work with a Leader in the Pre-Settlement Funding Industry
When you work with an ethical litigation finance company like Mustang Funding, you can enjoy the benefits of this funding option with transparent terms, clear repayment expectations, and a straightforward process that ensures you receive the financial support you need—without unexpected fees or complications.
Mustang Funding is an industry leader that has issued more than 10,000 checks and disbursed more than $170 million across our portfolio. To learn more about pre-settlement funding and what it can do for you, talk with one of our 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.
