What Is the Difference Between Lawsuit Loans and Settlement Advances?
Pre-settlement funding is not a loan. At Mustang Funding, we occasionally use the term “lawsuit loan” since it’s a common search phrase, but 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 […]
What Types of Cases Qualify for Pre-Settlement Funding?
At Mustang Funding, we offer capital solutions to plaintiffs in a wide range of civil lawsuits and personal injury cases, including car accidents, wrongful death, product liability, medical malpractice, pharmaceutical litigation, unlawful termination, workplace discrimination, the Jones Act (for injured maritime workers), and more. Pre-settlement funding can be a financial lifeline for plaintiffs waiting for their […]
Can I Get Legal Funding If I Have Bad Credit?
Yes, you can still qualify for pre-settlement lawsuit funding even if you have bad credit. Pre-settlement funding is not based on your credit history or credit score. Instead, approval is primarily based on the strength and potential value of your legal claim. Funding companies focus on the facts of your case rather than your financial […]
How Does Litigation Funding Impact My Credit Score?
Litigation funding, or pre-settlement funding, is not a traditional loan. It is a non-recourse cash advance provided in exchange for a portion of your potential future settlement. Good credit is not a requirement and will not impact your credit score. To learn more, contact Mustang Funding today. Located in Wayzata, MN, we offer ethical institutional […]
What Happens If My Case Takes Longer Than Expected After Receiving Pre-Settlement Funding?
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, […]
What Happens After You Receive Pre-Settlement Funding?
After receiving pre-settlement funding, you can use the money to pay for food, your children’s tuition, mortgage payments, medical expenses, and other daily expenses while you wait for your lawsuit to move through the legal system. At the conclusion of your case, your funding company will collect repayment and associated fees from your successful verdict […]
Is Litigation Funding a Loan?
Litigation funding is not a loan; it is more accurately described as a cash advance. Legal disputes are often lengthy. Many victims whose injuries resulted from another party’s negligence cannot focus on their recovery because they need to pay their bills. Unlike traditional loans, litigation funding provides plaintiffs with financial assistance during the course of […]
How Do Pre-Settlement Funding Companies Determine Eligibility?
Funding companies determine eligibility for pre-settlement lawsuit funding based on the strength of your lawsuit and the likelihood of a successful settlement or verdict. Key factors include the type of case (e.g., personal injury, workers’ comp), the severity of injuries or damages, and the defendant’s ability to pay. Unlike traditional loans, credit score and employment […]
Can I Get Pre-Settlement Funding Without My Attorney’s Consent?
Yes, you can obtain pre-settlement funding without your attorney’s consent, but it is generally beneficial to all involved parties to be on the same page as your attorney, especially since they are fighting for you to achieve the best outcome possible. However, in the case that you need move forward against your attorney’s opinion, here […]
What Is the Difference Between Pre-Settlement Funding and Post-Settlement Funding?
Pre-settlement lawsuit funding provides financial support to plaintiffs while their lawsuit is still ongoing, helping cover living expenses, medical bills, or legal costs before a settlement or verdict is reached. In contrast, post-settlement funding occurs after a case has been resolved but before the plaintiff receives their payout, offering immediate access to a portion of […]