If you are in a lawsuit, you may be struggling to keep up with your medical bills and other immediate expenses, such as rent, car payments, groceries, etc. Unfortunately, these costs will not wait for your settlement. Mustang Funding offers pre-settlement funding in Oklahoma, providing you with the financial relief you need right now.
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.
How Litigation Funding in Oklahoma Works
To be eligible for pre-settlement funding in Oklahoma, you must have an active personal injury lawsuit and legal representation. Your attorney must agree to collaborate with us throughout the process. Upon approval, you will receive a cash advance based on the projected settlement of your case.
The beauty of pre-settlement funding lies in its flexibility—there are no restrictions on how you utilize the funds. Moreover, it operates on a non-recourse basis, meaning if your case does not succeed, you will owe us nothing. This is a risk assumed by the lender.
By relieving the immediate financial burden, you can avoid the pressure to accept a low settlement offer out of necessity. This allows your attorney the time and resources to build a stronger case and negotiate a more favorable outcome.
Oklahoma Legal Funding Laws
The minimum policy limits for bodily injury and property damage in Oklahoma are as follows:
- $25,000 bodily injury liability per person
- $50,000 bodily injury liability per accident
- $25,000 property damage liability per accident.
Oklahoma follows a Modified Comparative Fault system, impacting how compensation is awarded based on the plaintiff’s level of fault:
- If the plaintiff is 51% or more at fault, they are barred from recovering any damages.
- If the plaintiff is 50% or less at fault, they can recover damages, but their compensation will be reduced in proportion to their degree of fault.
Statute of Limitations: In Oklahoma, personal injury cases must be filed within a two-year period, as specified in Title 12, Chapter 3, Section 95 of state law.
Personal Injury and Other Litigation Funding in Oklahoma
For more information about pre-settlement funding in Oklahoma, reach out today. We serve Oklahoma City, Tulsa, Norman, Broken Arrow, Edmond, and other regions across the state. Do not let financial stress force you into an early settlement. Get in touch with our team at any point in your lawsuit for quick and easy funding. If approved, you may receive your funds in as little as 24 hours.
Apply for Oklahoma pre-settlement funding with Mustang Funding and get the financial relief you need to fight for the compensation you deserve.
