Before choosing a pre-settlement funding lender, verify that they are licensed to operate in your state and have a proven track record in the industry—experience matters. A reliable lender will also be transparent about all fees and charges, ensuring no hidden costs. If you have questions about pre-settlement funding, make sure they are answered to your satisfaction by the lender before signing the funding agreement.
At Mustang Funding, our team has over 100 years of combined experience in the financial industry and 50+ years specifically in litigation finance. We provide best-in-class capital solutions for law firms, plaintiffs, litigation vendors, and other legal assets.
Questions to Ask When Choosing the Right Pre-Settlement Funding Company
When choosing a pre-settlement funding company, it’s helpful to consider questions such as:
Is the Funding Non-Recourse?
One of the key benefits of working with a reputable pre-settlement funding company is that you only have to pay your funding back if you win your case. Before signing anything, confirm that the funding you receive is non-recourse. Even the most promising cases can take unexpected turns.
How Long Does the Funding Process Take?
Timing can be crucial when you’re facing financial hardship. Ask how quickly the company reviews applications, how soon the funds are disbursed, and whether delays are common. A reliable lender should offer a clear timeline.
When Is Pre-settlement Funding Repaid?
Pre-settlement funding is repaid when you reach a settlement or receive a favorable verdict. Depending on the state, settlements or judgment awards are distributed in the following order:
- Medical liens and related fees
- Attorney and court fees
- Pre-settlement funding advances
The plaintiff receives the balance of the settlement or award after these distributions are made. Your lawyer should handle all distributions.
Choosing a Reliable Pre-Settlement Funding Company
For many plaintiffs, pre-settlement lawsuit funding provides a financial lifeline that helps cover living expenses, medical bills, and other costs while they await a settlement or jury award.
Not all pre-settlement funding companies are the same. When selecting a pre-settlement funding provider, look for:
- Licensing and Experience – Ensure the company is licensed to operate in your state and has a strong track record in litigation finance. A lender with extensive industry experience is more likely to offer ethical funding solutions.
- Transparent Fees and Terms – The right pre-settlement lender is upfront about all fees and charges, so you are not in for any surprises.
- Clear and Honest Communication – A reputable lender will thoroughly answer your questions and explain the agreement in detail. If a company is unwilling to provide clear explanations, consider looking elsewhere.
Based in Wayzata, Minnesota, Mustang Funding provides ethical and non-recourse pre-settlement funding services to litigants from coast to coast. Over the years, we’ve worked with over 1,000 U.S. law firms and signed over 10,000 checks.
We have streamlined the process with a simple, one-page application you can complete in just a few minutes. If approved, we will send you the funds via wire transfer in as little as 24 hours. Read our ultimate guide to pre-settlement funding to learn more.
Contact Mustang Funding Today
Our commitment to transparency, integrity, and expertise sets us 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. Contact us today if you have questions about how pre-settlement funding works.
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.
