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.
Is Pre-Settlement Funding Considered a Loan?
No, pre-settlement funding is not a loan. While we occasionally use the term “lawsuit loan”—since it’s a common search phrase—what we offer is technically different.
Pre-settlement funding is a non-recourse cash advance provided in exchange for a portion of your potential future settlement. Unlike a traditional loan, you are not required to repay the advance if you lose your case. In essence, we assume the risk. You receive funds upfront, and if your case is successful, we collect an agreed-upon share of your settlement.
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.
Common Case Types Eligible for Lawsuit Funding
Below are some of the most common types of personal injury cases in Minnesota that may qualify for pre-settlement funding
- Motor Vehicle Accidents. Car, truck, and motorcycle accidents are among the most frequent personal injury claims in Minnesota. These cases often involve serious injuries, clear liability, and substantial insurance policies, making them strong candidates for lawsuit funding.
- Slip and Fall (Premises Liability). Injuries from hazardous conditions on someone else’s property, such as icy sidewalks, wet floors, or poor lighting, can lead to premises liability claims. If the property owner was negligent, these cases can be eligible for funding.
- Medical Malpractice. Claims involving surgical errors, delayed diagnoses, or improper treatment require expert testimony and documentation, often resulting in significant settlements. Strong medical malpractice cases are prime candidates for funding.
- Dog Bites and Animal Attacks. Minnesota has strict liability laws for dog owners, meaning plaintiffs don’t need to prove negligence. This legal framework can make dog bite claims easier to win, enhancing their eligibility for pre-settlement advances.
- Workplace Injuries with Third-Party Liability. While workers’ compensation alone may not qualify, a separate third-party claim—such as against a subcontractor or equipment manufacturer—can be eligible for funding if negligence is involved.
- Product Liability. If you were injured by a defective product, such as faulty machinery, pharmaceuticals, or consumer goods, you may have a valid product liability claim. These cases can lead to large settlements, especially when backed by expert evaluations and safety reports.
- Wrongful Death. When someone dies due to another party’s negligence, surviving family members may file a wrongful death claim. These high-value cases often meet the criteria for substantial pre-settlement funding.
Always consult your attorney before applying to ensure your case qualifies and that the terms align with your best interests.
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.
