Managing your finances is challenging if you have a pending personal injury lawsuit and are not working. Insurance companies often prolong the settlement process, knowing that the longer it takes, the more pressure plaintiffs feel to accept an inadequate offer. North Carolina pre-settlement funding could be the solution.
At Mustang Funding, we are a litigation finance company focused on high-quality, transparent capital solutions for law firms and their clients. Pre-settlement funding is often called a lawsuit loan, but this is inaccurate. Unlike traditional loans, it does not require a credit check or income verification. Instead, pre-settlement funding operates similarly to a cash advance. If your case is successful, the funds are deducted directly from your settlement proceeds. Contact us to learn more.
Is Pre-Settlement Funding Considered a Loan?
No, pre-settlement funding is not a loan. While we occasionally use the term “lawsuit loan”—since it’s a common search phrase—what we offer is technically different.
Pre-settlement funding is a non-recourse cash advance provided in exchange for a portion of your potential future settlement. Unlike a traditional loan, you are not required to repay the advance if you lose your case. In essence, we assume the risk. You receive funds upfront, and if your case is successful, we collect an agreed-upon share of your settlement.
How Pre-Settlement Funding in North Carolina Works
To qualify for a lawsuit funding, a plaintiff must have a current personal injury lawsuit pending with an attorney representing them. The lawyer must agree to discuss specifics with us. If approved, you could receive the funds as quickly as 24 hours.
Pre-settlement funding in North Carolina is a non-recourse loan. That means the lender takes on all the risk. If you do not receive a settlement or a trial does not end in your favor, you do not have to pay it back. Moreover, there are no restrictions on how you can use the funds. While most people utilize it to pay bills, you can also spend it on new appliances, tuition, or a car.
Legal proceedings can be long and drawn out. It can take months or even years for a plaintiff to receive compensation. A lawsuit advance gives you some breathing room to negotiate a higher settlement, so you don’t feel the urgency to settle quickly just to keep up with the bills.
What Types of North Carolina Cases May Qualify for Pre-Settlement Funding?
Pre-settlement funding is available in a wide range of personal injury and wrongful death cases across North Carolina. Because these advances are contingent upon the strength of your claim rather than your credit, they are often used in cases where litigation may take months or years to resolve.
Examples include, but are not limited to:
- Vehicle accidents along major corridors such as I-40 or I-95, where high-speed traffic and negligent drivers often result in catastrophic injuries.
- Premises liability claims in busy urban centers like Wake County (Raleigh) or Mecklenburg County (Charlotte) with unsafe conditions in retail stores, apartment complexes, restaurants, shopping malls, or public spaces.
- Medical malpractice lawsuits arising from care provided at leading North Carolina hospitals, including Duke University Hospital, UNC Health, and Atrium Health facilities.
- Third-party workplace injury lawsuits (not workers’ comp claims) involving defective machinery, unsafe equipment, or outside contractors in industries such as textiles, shipping, or poultry processing.
- Wrongful death lawsuits after fatal tractor-trailer crashes on I-40, I-85, or I-95; boating accidents along the Outer Banks or inland lakes like Lake Norman; or fatal collisions in busy urban areas such as Charlotte, Raleigh, or Durham.
- Pedestrian accidents at dangerous urban intersections in the Research Triangle, including Raleigh, Durham, and Chapel Hill.
No two cases are alike, from vehicle accidents to malpractice cases, and each comes with its own challenges. Pre-settlement funding adapts to this diversity, providing support across a wide spectrum of claims unique to North Carolina communities.
How Funds Can Help North Carolina Plaintiffs
From covering medical bills in major cities like Charlotte and Raleigh to supporting day-to-day expenses in rural mountain or coastal communities, these funds can be used in practical ways that ease financial pressure during a difficult time:
- Utility or rent support for families outside major cities, including smaller towns across eastern and western North Carolina, where wages may be lower and financial safety nets more limited.
- Travel costs for rural residents in places like the Outer Banks, the Smoky Mountains, or the Sandhills, who may need to drive hours to meet their lawyer or appear in court.
- Supplementing income for seasonal and industrial workers in industries like tourism (beach and mountain regions), agriculture, or manufacturing.
- Childcare and education expenses, allowing parents to keep their kids in school or daycare while a lawsuit is pending.
- Transportation costs, such as car repairs or replacement after an accident, particularly important in areas with limited public transit.
- Prescription and ongoing treatment costs, especially for plaintiffs in long-term recovery who need physical therapy, pain management, or follow-up care.
- Groceries and daily living expenses, to help families cover basics when the injured party cannot work.
- Mortgage support for homeowners who risk foreclosure if a lawsuit drags on.
- Emergency expenses, such as unexpected home or vehicle repairs, that can’t wait until a settlement arrives.
By bridging the financial gap between filing a claim and receiving a settlement, pre-settlement funding allows North Carolina plaintiffs to focus on healing and pursuing justice rather than worrying about everyday expenses.
Cities We Serve in North Carolina
Mustang Funding offers pre-settlement funding to plaintiffs throughout North Carolina. Whether you live in a busy metro area or a smaller community, we’re here to provide fast, non-recourse legal funding while your personal injury case is pending. We serve clients in:
- Charlotte
- Raleigh
- Greensboro
- Durham
- Winston-Salem
- Fayetteville
- Cary
- Wilmington
- High Point
- Concord
- Greenville
- Asheville
- Gastonia
- Jacksonville
- Chapel Hill
If your city isn’t listed, don’t worry, we provide pre-settlement funding statewide in North Carolina. No matter where you’re located, our team will work closely with your attorney to review your case and provide the financial support you need, often within 24 to 48 hours of approval.
North Carolina Pre-Settlement Funding Laws
Pre-settlement funding is legal in North Carolina but comes with strict guidelines. Attorneys must ensure that loan agreements benefit their clients and should not receive personal compensation. Lenders need to be licensed and clearly outline all contract terms, and workers’ compensation claims are not eligible for lawsuit funding in the state.
Personal Injury Law in North Carolina
In North Carolina, the state operates under a pure contributory negligence system. According to this doctrine, if a plaintiff’s negligence has contributed to the accident, even minimally, they may be barred from recovering damages in a lawsuit. This standard differs from comparative negligence systems found in many other states, where a plaintiff’s recovery may be reduced proportionally to their degree of fault. Finally, the statute of limitations is generally three years from the accident date.
Contact Mustang Funding To Learn More
Waiting for a legal verdict or settlement can be stressful, especially when you have day-to-day expenses to pay. However, with pre-settlement funding, you can obtain compensation before your case is resolved—without a complicated application process. For more information about pre-settlement funding in North Carolina, contact us today. We assist clients across the state, including Charlotte, Raleigh, Greensboro, Durham, Winston-Salem, and other regions.
