If your case takes longer than expected after receiving pre-settlement funding, remember your repayment is tied solely to the outcome, not a set timeline. Because this is a non-recourse advance, you owe nothing until (and unless) your case successfully settles or you win in court. While interest will continue to accrue during the extended period, you’re never required to make monthly payments, and you won’t owe anything if you lose your case.
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 to learn more. We’d love to hear from you.
Case Delays and Pre-Settlement Funding
As noted, personal injury cases often take a long time to resolve. For plaintiffs who’ve received pre-settlement funding, this extended timeline can raise concerns about getting additional funds, how repayment works, and what it means for their overall financial situation.
You Can Apply for Additional Funding
If your case is taking longer than expected and your initial funding isn’t enough, you may be eligible for additional pre-settlement funding. To qualify, you’ll go through a similar application process that considers your estimated settlement amount and your attorney’s assessment of your case’s progress. Additional funding can help you make ends meet while the legal process grinds on.
The more you know about how pre-settlement funding works, the better equipped you will be to make important decisions regarding your financial circumstances.
Case Delays Won’t Impact Your Repayment Obligation
Whether your case settles quickly or not, the nature of pre-settlement funding remains the same—it is not a loan. Pre-settlement funding is a non-recourse cash advance, which means you only repay it if you win or settle your case. If your case is successful, repayment, including interest, is taken directly from your settlement, which is fully disclosed in your funding agreement. One of the key benefits of non-recourse funding is that no monthly payments are required.
We Offer Full Transparency
At Mustang Funding, we charge no upfront fees when you apply for pre-settlement funding. As noted, all terms are clearly outlined in your funding agreement, ensuring full transparency and no hidden costs. We encourage you to review these terms carefully and discuss them with your attorney to fully understand your obligations.
Read our ultimate guide to pre-settlement funding to learn more.
Communication with Your Attorney Is Key
Your attorney plays a vital role in securing pre-settlement funding and supporting you throughout your case. If your lawsuit is taking longer than expected, stay in close contact with them. They can help you stay informed about updated timelines, shifts in the strength of your case, and how these factors may impact your funding and repayment.
Contact Mustang Funding Today to See How We Can Help
Mustang Funding is a litigation finance company focused on high-quality capital solutions for law firms and their clients. Whether you’re applying for pre-settlement funding for the first time or have questions about an existing advance, we are here to help. If your case is taking longer than expected, contact us today.
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.
