When you are involved in a lawsuit, financial pressures can quickly become overwhelming. Medical bills, living expenses, and other costs do not pause just because you are waiting for a settlement. South Dakota pre-settlement legal funding is a financial service that provides plaintiffs with cash advances against the potential future settlement of their lawsuit.
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 South Dakota Works
The process begins with a simple application, which you can submit at any time during your case. Our team collaborates with your attorney to review the details of your lawsuit, assessing its potential value and merits. This helps us determine the appropriate amount of funding. Once you agree to the terms, the funds are quickly disbursed to you, often within 24 hours.
There are no restrictions on how you use the money. Whether it is for hospital bills, rent, legal fees, or any other financial obligations, the funds are entirely at your discretion.
South Dakota Pre-Settlement Funding Laws
In South Dakota, pre-settlement funding operates under general legal principles that govern financial transactions and consumer protections, rather than specific statutes dedicated solely to pre-settlement funding. Here are key considerations to know:
You must reside in South Dakota and have a pending personal injury lawsuit filed within the state.
You must be represented by an attorney who is actively handling your case.
Plaintiffs are only required to repay the funding if they win their case and receive a settlement or judgment.
Personal Injury and Other Pre-Settlement Funding in South Dakota
In South Dakota, the fault law revolves around the concept of slight and gross negligence under the S.D.C.L. § 20-9-2. This statute dictates that a plaintiff can only recover damages if their negligence is deemed slight compared to the gross negligence of the defendant.
The statute of limitations for personal injury cases in South Dakota is three years. This means that individuals who have suffered injuries due to negligence or misconduct have up to three years from the date of the incident to file a lawsuit seeking compensation.
Learn More About Lawsuit Loans in South Dakota
Our services are designed to provide quick, transparent, and fair assistance during challenging times. We serve clients throughout South Dakota, including Sioux Falls, Rapid City, Aberdeen, Brookings, and Watertown. To view the states where pre-settlement funding is available and explore how our services can support you nationwide, visit our website or contact us directly.
With Mustang Funding, there are no hidden fees, no obligations, and nothing to lose. Financial relief is within reach. Apply for pre-settlement legal funding in South Dakota today to discover how pre-settlement funding can help you.
