If you lose your case after receiving pre-settlement lawsuit funding, you typically do not have to repay the funds, as pre-settlement funding is non-recourse. This means the funding company absorbs the risk and only recovers its investment if you win or receive a settlement. Unlike traditional loans, pre-settlement advances are not dependent on credit scores or employment status, and repayment is solely contingent on the success of your case. If the lawsuit does not result in compensation, you owe nothing, ensuring financial protection without the burden of debt.
As a leading lawsuit lender, Mustang Litigation Lending is committed to helping individuals, groups, and legal firms make safe and informed choices. We are here to answer questions and guide you through the lending process every step of the way. Call or connect online to learn more.
Will I Be Penalized for Losing My Case?
As noted, since pre-settlement funding is non-recourse, you are not required to repay the advance if your case does not result in a settlement or court award. The funding company assumes the financial risk, meaning you will not face debt collection, credit score impacts, or legal consequences for non-payment. This makes pre-settlement funding risk-free for plaintiffs needing financial support during litigation.
This aspect of pre-settlement funding makes it an attractive option for plaintiffs who are financially strained and facing the uncertainty of a lengthy lawsuit. Further, if your case settles for less than expected, you are not responsible for covering that gap. We consider this risk when reviewing your application and offering you a lawsuit advance.
Can I Apply for an Additional Lawsuit Advance if My Case Is Still Ongoing?
Complex, high-stakes legal cases can take a long time to resolve. If you need additional funds, you can apply for another round of pre-settlement legal financing. We review applications on a case-by-case basis.
At Mustang Funding, we offer industry-competitive rates for every 6 months your case is outstanding. Your exact rate, though, will depend on a number of factors related to the specifics of your case. If you’re approved for funding with us, we’ll send an agreement detailing the terms of funding.
Contact Mustang Funding Today
Contact Mustang Funding today to learn more about pre-settlement funding and whether it is the right option for you. Based in Wayzata, Minnesota, Mustang Funding provides responsible and transparent 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.
If you are ready to explore pre-settlement funding and need help covering your expenses during protracted litigation, apply today. Want to learn more? Dive into our ultimate guide to pre-settlement funding to fully understand how pre-settlement funding works and how it could be the solution you need.
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.
