If you are already receiving pre-settlement lawsuit funding and find yourself needing more to cover ongoing expenses, the answer is yes—you can secure additional funding. We understand that as your case drags on, the financial pressures can build, whether it is due to medical bills, daily living expenses, or other unexpected costs. Sometimes, the initial funding you received might not be enough to get you through.
We are here to help you understand how pre-settlement funding works and make smart, informed decisions about your financial situation during your lawsuit.
Let’s explore common questions about securing multiple pre-settlement advances and key considerations to keep in mind when deciding if additional funding is right for you.
Can You Make More Than One Funding Arrangement for the Same Lawsuit?
Yes, at Mustang Funding, you can secure more than one pre-settlement funding arrangement for the same lawsuit. When you apply for additional funding, we assess the remaining potential settlement value, factoring in the amount you have already borrowed. This ensures you do not end up borrowing more than what your settlement can comfortably cover.
Can You Get a Pre-Settlement Loan from Two Different Companies?
Legal funding companies will not fund the same case simultaneously. If you need additional funding, a second company would typically buy out the first lender, assuming the entire lien that you initially took out. This practice assures a clear financial structure and protects both the funding companies and the plaintiff. Mustang Funding does not provide funding to plaintiffs already seeking funds from another lender without first buying out the original contract.
Can You Get Pre-Settlement Funding for More Than One Case?
Yes, you can receive pre-settlement funding for more than one case if you are involved in multiple lawsuits. Each case is evaluated separately based on its own merits, and the funding will be based on the projected settlement value of each lawsuit. Just like with a single case, lenders will assess the strength of each case before approving funding.
Impact on Settlement Proceeds
Remember, every pre-settlement funding advance must be repaid from your final settlement. This means that taking out multiple loans can substantially reduce the amount of compensation you receive. To determine if pursuing additional funding is the best decision for your situation, it is essential to consult with your attorney.
At Mustang Funding, we will work with you to arrive at a funding arrangement that is reasonable and won’t lead to overborrowing, so you can protect your future settlement.
Secure Your Additional Pre-Settlement Funding Today
Mustang Funding is committed to making the pre-settlement funding process as smooth and straightforward as possible. Whether it is your first application, or you need extra funds, we are here to help. Apply today for fast, risk-free financial assistance while you await a settlement. Our easy application process means you can get approved quickly, so you can focus on your case, not your bills.
For more details on how pre-settlement funding can benefit you during your lawsuit, explore our ultimate guide to pre-settlement funding.
