If your lawyer advises against pre-settlement funding, it’s essential to understand their concerns. This is your case and your decision, but open communication with your lawyer may help clear up some misconceptions. If, given your financial stressors, you still want to pursue pre-settlement funding, you could research reputable companies that offer transparent terms and share that information with them to see if it addresses their concerns.
Mustang Litigation Funding, located in Wayzata, MN, offers ethical institutional litigation funding to support justice. We can work with your lawyer to advise them on the benefits of pre-settlement funding for your case. 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, and we’ll be happy to help.
The Advantages of Pre-settlement Funding
If your attorney has advised against pre-settlement lawsuit funding, they may not fully understand your financial burdens as you wait for your case to settle. You could be two months late with mortgage payments, behind on credit card bills, overwhelmed with medical co-pays and out-of-pocket expenses, or facing the possibility of not paying your children’s tuition.
Pre-settlement funding has served as a financial lifeline for many plaintiffs waiting for personal injury cases and other legal claims to wind their way through the legal system. Unlike traditional loans, a lawsuit advance is non-recourse, meaning you do not have to pay it back if you lose your case. You are only required to repay litigation financing if you win your case or reach a favorable settlement out of court.
The more you know about pre-settlement funding, the better equipped you will be to make decisions regarding your future. Read our Ultimate Guide to Pre-Settlement Funding for more information.
The Role Your Attorney Plays in Pre-settlement Funding
In most jurisdictions, a lawyer does not have the authority to unilaterally deny you access to pre-settlement funding; the decision to obtain such funding is yours to make. It should be noted that we need your attorney’s cooperation to proceed with the funding application.
The amount of pre-settlement funding you are eligible to receive is based largely on the strength of your legal claim. We contact your attorney to learn more about your case so we can prepare a proposal based on the likelihood of a good outcome. We also work with you to arrive at a funding arrangement that is reasonable and won’t lead to overborrowing so you can protect your future settlement.
Contact Mustang Funding
Ultimately, pre-settlement funding is a personal choice. We encourage plaintiffs to consider their personal financial situation, the length of legal proceedings, and if there’s a need for immediate funds when making this decision. If you have any questions about how pre-settlement funding works, our team members are always within reach and ready to talk, whenever your funding needs arise.
