Even though your lawyer assures you that your personal injury lawsuit is strong, the process can take a long time. If you are lucky, your case is settled within several months. However, a personal injury lawsuit can take several years. Meanwhile, you have ongoing medical expenses and the usual bills to pay. Since your injury keeps you from working, finances are tight. Insurance companies know the delay can result in plaintiffs accepting lower compensation out of desperation. Litigation funding funding in Rhode Island keeps you afloat until your case is resolved.
At Mustang Funding, we are a litigation finance company focused on high-quality, transparent capital solutions for law firms and their clients. While pre-settlement legal funding is sometimes referred to as a lawsuit loan, that is inaccurate. It is like a cash advance on an anticipated settlement or verdict in a personal injury case. It does not involve a credit check or employment or income verification. The money is repaid when you receive your settlement or jury award. To learn more, contact us today.
How Pre-Settlement Funding in Rhode Island Works
To qualify for pre-settlement funding, you must have a pending personal injury lawsuit and represented by a lawyer. Your attorney must agree to provide us with detailed information about your case. After a thorough review, we decide whether your case is strong enough to qualify for pre-settlement funding. You can apply in less than two minutes. The application is free, and there are no hidden fees or charges in the application process. One of our team members will promptly assist you after submitting your application. If approved, you should receive your money within 24 hours.
Rhode Island Pre-Settlement Funding Laws
Pre-settlement funding is legally accepted in Rhode Island and is a non-recourse loan. We take all the risks. If it turns out that you do not receive a settlement or the jury’s decision does not go your way, the funds do not require repayment. Generally, there are no limitations on how you can use pre-settlement funds. It is your economic lifeline.
Personal Injury Laws in Rhode Island
Regarding liability, Rhode Island follows a pure comparative negligence standard. Even if you bear some responsibility for the accident, you can still receive compensation. However, any compensation is reduced by your percentage of fault. For instance, if you are deemed 20 percent at fault, a $100,000 award is reduced to $80,000.
Contact Us
If you have a pending personal injury lawsuit, Contact us to see if your case qualifies for Rhode Island pre-settlement funding. We’d love to hear from you. Learn more about the states where we offer settlement funding. Since 2018, we have provided more than $150 million in funds to plaintiffs and attorneys.
We serve Providence, Warwick, Cranston, Pawtucket, East Providence, and other areas of the state.
