Pre-settlement lawsuit funding, more akin to a cash advance than a traditional loan, is designed to offer quick financial support during the often drawn-out and stressful process of a lawsuit. So, what exactly can you use your settlement funding for? This funding is tailored to meet your unique needs, allowing you to address a wide variety of expenses while you await the outcome of your case.
How Can I Use Pre-Settlement Funding?
Once your request for pre-settlement funding is approved and the funds are transferred to you, the power is entirely in your hands. Unlike traditional loans that come with specific conditions and restrictions, pre-settlement funding is flexible, meaning you can use it to meet whatever needs arise while your case progresses.
Some of the ways you can use your funds include:
- Medical Bills: Injuries can lead to a mountain of medical expenses. From surgeries and hospital stays to ongoing therapy and medications, pre-settlement funding allows you to cover these costs and get the care you need without delay.
- Addressing Everyday Living Costs: If your accident has caused a disruption in income, pre-settlement funding can help you keep up with rent, groceries, gas, utilities, and other everyday costs.
- Paying Legal and Case-Related Expenses: Lawsuits can be costly. Whether it is legal fees or expenses like court filings or expert witnesses, having the funds to support your case ensures you are fully equipped to see it through.
- Pay off Debts: Injuries and the resulting financial strain can sometimes lead to accumulating debts. With settlement funding, you can pay off outstanding credit card balances, loans, or other debts to prevent them from spiraling out of control while your case is being resolved.
- Miscellaneous Expenses: Beyond the major costs, pre-settlement funding can be used to cover other everyday expenses that pop up unexpectedly. This might include things like repairing your vehicle, paying for daycare, or handling minor home repairs that can’t be put off.
In essence, pre-settlement funding gives you early access to a portion of the settlement you are working toward. It is there to help you manage the financial toll that accidents, injuries, and lawsuits can take on your life and can be used for virtually any expense you face during this time.
Apply for Pre-Settlement Legal Funding Today
If you are facing financial strain while waiting for your settlement, pre-settlement funding could offer the relief you need. To find out if you qualify, simply apply online today. If we determine that you have a strong case and a good chance of success, you can get approved for funding in as little as 24-48 hours.
Rest assured, pre-settlement funding is a risk-free option—you are only required to repay it if you win your case. If you have questions about the application process, how pre-settlement funding works, or how it can benefit you, we are here to help. Learn more through our ultimate guide to pre-settlement funding.
Contact Mustang Funding today to get started.
