Funding companies determine eligibility for pre-settlement lawsuit funding based on the strength of your lawsuit and the likelihood of a successful settlement or verdict. Key factors include the type of case (e.g., personal injury, workers’ comp), the severity of injuries or damages, and the defendant’s ability to pay. Unlike traditional loans, credit score and employment history are not considered—approval is based solely on the merits of your legal claim. To qualify, you must have legal representation, and your attorney must cooperate with the funding company to assess the case’s potential value.
Mustang Litigation Funding provides best-in-class capital solutions for law firms, plaintiffs, litigation vendors, and other legal assets. Located in Wayzata, MN, we offer ethical institutional litigation funding to support justice. With personnel having 100+ years of combined investment experience and 50+ years in litigation finance, we’ve empowered 5,000+ civil litigants and 800 law firms. Contact us today. We’d love to help.
Plaintiffs Should Have an Ongoing Lawsuit
To qualify for pre-settlement funding, you must have an active and ongoing lawsuit with a legitimate legal claim. Your case should fall within recognized categories such as personal injury, wrongful death, medical malpractice, employment disputes, or other civil litigation where financial compensation is being pursued. Eligibility depends on the case’s strength, meaning there must be clear liability and a reasonable expectation of settlement or court-awarded compensation.
Representation by an Attorney
Pre-settlement funding is only available to those who have retained an attorney and, as noted, have a case already underway. At Mustang Funding, after you’ve applied and if you are approved, review the details of the proposal with your attorney. They are intimately familiar with the details and value of your case, so they are best equipped to provide counsel as to whether you should accept the funds and how much to accept.
The Strength of Your Case
When evaluating your eligibility, one of the most important factors is the strength of your case. A lawsuit backed by strong evidence and a clear path to resolution is far more likely to qualify for pre-settlement funding. At Mustang Funding, our internal team evaluates the strength of your claim and determines an appropriate monetary figure.
After consulting with your attorney, we will base our final decision on whether we believe you will win compensation and how much you are likely to receive. If you have provided complete contact information for your attorney, we could have an answer for you in as little as 24 hours.
Where Are You in the Legal Process?
Generally, pre-settlement funding companies assess the stage of your lawsuit when determining eligibility because cases closer to resolution—such as those nearing settlement negotiations or trial—are generally considered less risky. As a lawsuit progresses, liability and potential compensation become clearer, making it more likely that a funding company will approve a lawsuit advance.
If your case has already moved through discovery, depositions, or pre-trial motions, it may improve your chances of securing pre-settlement funding because the outcome is more predictable.
Apply For Pre-Settlement Funding Today
Lawsuits take time. Sometimes, they take a long time as your bills pile up. The financial situation can feel impossible to manage, especially for those whose cases involve serious injuries and are suffering lost income on top of their medical bills. In addition, plaintiffs who are desperate for financial stability give their opponents an unfair advantage at the negotiating table. Pre-settlement funding provides a solution to this common conundrum by offering upfront cash to litigants waiting to resolve their cases.
We will work with you and your legal team to provide a straightforward, stress-free process that gets you the funding you need so you can focus on your recovery. To learn more about how pre-settlement funding works, you can read more on our ultimate guide to pre-settlement funding.
About Mustang Funding
Mustang Funding, founded in 2018 and based in Wayzata, MN, is a litigation finance company dedicated to empowering individuals and law firms nationwide with transparent and innovative financial solutions. With over $170 million funded, 10,000+ checks issued, and more than 3,000 cases financed, Mustang provides plaintiff pre-settlement funding, law firm financing, and commercial funding to meet diverse client needs. Their commitment to transparency, integrity, and expertise sets them apart, offering tailored financial support to plaintiffs, businesses, and legal professionals. By bridging capital gaps and fostering access to justice, Mustang Funding continues to lead the legal asset investment industry with a strategic, inclusive, and forward-thinking approach.
