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 […]
How Long Can a Lawyer Hold Your Settlement Check?
You have been waiting patiently for your lawsuit settlement check. Unfortunately, even after your lawyer receives the check, they can hold onto the funds for quite some time. How long your lawyer can hold your settlement check depends on the specific circumstances of your lawsuit. In the meantime, you may be facing financial instability and […]
Where Can I Cash My Settlement Check?
Cashing a settlement check after winning a personal injury case may require special arrangements due to the size of the amount. If you have an account with a bank or credit union, you can cash or deposit it. Be aware that some banks may place a hold on large amounts until it clears. You can […]
Will My Personal Injury Settlement Affect My Medicaid Benefits?
The short answer is yes, a personal injury settlement may affect your Medicaid benefits, as Medicaid is a needs-based program with strict income and asset limits. However, careful structuring and management of your settlement may help you protect your eligibility. How Does Medicaid Affect Personal Injury Settlements? Your Medicaid eligibility is determined by both your […]
How to Get Funding for Your Pending Lawsuit Settlement
Even when liability is clear in a lawsuit, it can still take a long time to receive your settlement check. Insurance companies know that plaintiffs experiencing financial instability may agree to lower settlements due to the hardships caused by their damages and losses. This is where pre-settlement funding from Mustang Funding can make all the […]
What if My Lawyer Says No to Pre-Settlement Funding?
If your lawyer advises against pre-settlement funding, it’s essential to understand their concerns. This is your case and your decision, but open communication with your lawyer may help clear up some misconceptions. If, given your financial stressors, you still want to pursue pre-settlement funding, you could research reputable companies that offer transparent terms and share […]
Can You Get a Loan on a Car Accident Settlement?
While you cannot take out a traditional loan based on your car accident settlement, pre-settlement lawsuit funding provides a viable alternative. This is essentially an advance on your potential settlement, allowing you to access the cash you need during your case. With pre-settlement funding, you are not forced to settle early to meet urgent financial […]
Can I Get an Advance on My Settlement Check?
You can get an advance on your settlement check through pre-settlement lawsuit funding. Depending on your individual circumstances and the laws in your state, you (the plaintiff) may be eligible for pre-settlement funding based on the expected settlement amount. For instance, if your lawyer estimates a potential settlement of $200,000 for your case, you could […]