Even when liability is clear in a lawsuit, it can still take a long time to receive your settlement check. Insurance companies know that plaintiffs experiencing financial instability may agree to lower settlements due to the hardships caused by their damages and losses. This is where pre-settlement funding from Mustang Funding can make all the difference in your quality of life while you wait for your personal injury lawsuit to settle.
With pre-settlement lawsuit funding, you receive the money you need to pay your bills quickly. While pre-settlement funding is sometimes called a lawsuit loan, that is not an accurate description. It is not a loan as it is non-recourse. If you do not receive the expected settlement or verdict, you do not have to repay the funds.
What is Pre-Settlement Funding?
Pre-settlement funding is a disbursement of money paid to a plaintiff in anticipation of a future verdict or settlement. Essentially, we buy a portion of your future court award or settlement to be paid when your case concludes. The rate and other fees associated with your advance can vary based on the strength of your lawsuit.
To qualify for pre-settlement funding, you must have a pending personal injury lawsuit and legal representation. Because pre-settlement funding is not a loan, no credit check is necessary.
How It Works
Here’s how pre-settlement funding works:
Get started by filling out an application, which includes providing the name of your attorney so we can contact them about the strength of your case. Our internal team will evaluate the strength of your claim and determine 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.
What are the Benefits of Pre-settlement Funding?
There are no restrictions on what you can do with your pre-settlement funding. While most people use it to pay bills, you are free to do whatever you want with the money. This is your economic lifeline. Plaintiffs may qualify for between $500 and $100,000, generally sent to them within one day.
Pre-settlement funding does more than help you pay bills. It also gives you the peace of mind to stop worrying about overdue bills and focus on your recovery. With cash in your pocket, you are also less likely to be pressured into accepting a lowball offer from the insurance company.
Contact Us: We’d Love to Hear From You
If you want more information, learn more from our ultimate guide to pre-settlement funding. Located in Wayzata, MN, Mustang Funding offers 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 hear from you.
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.
