What Are the Pros and Cons of Lawsuit Loans?
At Mustang Funding, we occasionally use the term “lawsuit loan,” since it’s a common search phrase. However, what we offer is technically different. Pre-settlement funding is a non-recourse cash advance for plaintiffs engaged in a lawsuit. It offers access to funds quickly, with no obligation to repay if they lose. It also doesn’t require a […]
How Does Pre-Settlement Funding Affect My Case Outcome?
Pre-settlement funding can improve your case outcome by reducing financial pressure, enabling your attorney to continue negotiating against deep-pocketed defendants. It also disrupts insurance companies’ common tactic of delaying proceedings to pressure vulnerable plaintiffs into accepting less than their claim is worth. While pre-settlement lawsuit funding is sometimes referred to as a lawsuit loan, that […]
Can I Use Litigation Funding to Cover Living Expenses?
Yes, many personal injury plaintiffs use litigation funding or pre-settlement funding to help cover essential living expenses while their case is pending. There are typically no restrictions on how the money is spent. This support can ease economic pressure and allow you to focus on your recovery and legal case, without resorting to traditional loans […]
How Does Pre-Settlement Funding Compare to Traditional Loans?
Pre-settlement funding offers a financial safety net for plaintiffs awaiting the resolution of their lawsuit without the credit requirements or repayment obligations associated with traditional loans. It is like a cash advance on an anticipated settlement or verdict. The future settlement serves as collateral. Learn more about how these options differ so you can choose […]
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 […]