Yes, it is possible to borrow money from a pending lawsuit through a process known as pre-settlement lawsuit funding. The amount of the loan, interest rate, and other details will depend upon the strength of your case, the specific laws in your state, and other factors.
A Financial Lifeline for Plaintiffs
As a plaintiff in a lawsuit, you may have a large settlement waiting for you in the future. The question many in your position must face is: How long will I have to wait before I ever get paid?
Pre-settlement lawsuit funding, also known as litigation funding, allows you to obtain a cash advance on your potential settlement in a much shorter period of time than waiting months—or even years—for the legal process to run its course.
If you work with a leading pre-settlement funding firm like Mustang Funding, you can get money for bills, rent, groceries, and other daily expenses after an evaluation process that can take as little as a few days.
Learn more about how pre-settlement funding works and how Mustang Funding can help you obtain the financial resources you need to pay your bills and live your life while you wait for a legal case to resolve.
A No-Risk Proposition
You may have concerns over the risks involved in pre-settlement lawsuit funding. In fact, there is no risk to plaintiffs. This is not a loan, so you are not, in fact, “borrowing” money at all. Your litigation funding firm will only get paid if and when you win your case. If you lose your case, you get to keep the money you obtained from the funding company with no strings attached.
Who Is Lawsuit Funding Right For?
Most plaintiffs involved in pending litigation are eligible for pre-settlement lawsuit funding. This includes personal injury victims who suffered injuries in car accidents and due to other acts of negligence.
Other eligible case types include medical malpractice, employment law, class action suits, and workers’ compensation, depending upon which state you are in.
The benefits of lawsuit funding are two-fold for plaintiffs:
- They receive a cash disbursement and the financial independence that comes with it
- The influx of money takes pressure off the plaintiff’s attorney to settle quickly and, perhaps, for less, which can possibly lead to an even larger eventual settlement
Litigation funding isn’t right for everyone, but for many, it has provided a financial lifeline during a difficult period. Read our ultimate guide to pre-settlement funding to learn more about this funding option for plaintiffs across the U.S.
Get the Facts About Pre-Settlement Funding
No matter what you’ve heard or read about pre-settlement lawsuit funding, the experts at Mustang Funding can give you the straight facts you need to make informed decisions. We have more than 100 years of combined experience in the financial industry, including more than 50 years specifically in litigation finance.
Throughout our history, we have issued more than 10,000 checks and disbursed more than $170 million in funds. We look forward to answering your questions and helping you explore options for obtaining the financial resources you need and deserve.
