Michigan Pre-Settlement Funding 

A blue icon in the shape of the US State of Michigan symbolizing pre-settlement funding in Michigan

Pre-Settlement Funding in Michigan

Struggling with expenses during your lawsuit? Mustang Funding's pre-settlement cash advance in Michigan offers a financial buffer, allowing you to focus on recovery without the stress of immediate bills.

The serious injury you suffered because of another party’s negligence or recklessness affects more than your physical health. Your financial situation may become precarious, as medical and other bills pile up and you worry about keeping food on the table and a roof over your head. Although you have a personal injury lawsuit filed against the defendant, the resolution of your case could take months or even years. What do you do in the meantime? 

Pre-settlement funding in Michigan provides you with a percentage of your anticipated settlement amount so you can pay bills and care for yourself and your family.  

Although sometimes referred to as a lawsuit loan, pre-settlement funding in Michigan is not a loan but is like a cash advance.  

You can use the money in any way you see fit. This advance is paid back when you receive money from the litigation.  

Types of Personal Injury Cases Eligible for Funding

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Pre-settlement funding is available for a wide range of personal injury cases. Here are some of the most common types of claims that may qualify for funding:

  • Motor Vehicle Accidents: These include collisions involving cars, trucks, motorcycles, bicycles, and pedestrians, often caused by speeding, distracted driving, or driving under the influence.
  • Slip and Fall Incidents: Injuries resulting from unsafe conditions on someone else’s property, e.g., shopping malls, office buildings, grocery stores, or parking lots. Hazards include wet floors, uneven surfaces, oil spills, faulty handrails, or inadequate lighting.
  • Medical Malpractice Cases: Claims involving misdiagnosis, surgical mistakes, medication errors, or negligent care by doctors, nurses, or other healthcare providers.
  • Product Liability Cases: Injuries caused by defective or unsafe products, including faulty machinery, toxic substances, inadequate warnings, or design flaws in consumer goods.
  • Workplace Injuries: Accidents such as falls from heights, equipment malfunctions, repetitive strain injuries, or exposure to hazardous substances while on the job.
  • Wrongful Death Claims: Legal actions brought by family members when a loved one dies due to negligence, recklessness, or intentional harm, such as fatal car accidents, medical errors, or workplace accidents.

These cases often involve significant physical, emotional, and financial strain on plaintiffs. However, the financial support of pre-settlement funding acts as a lifeline, ensuring you can navigate through the challenges of the legal process without added stress about money.

What are The Benefits of Choosing Pre-Settlement Funding?

Pre-settlement funding helps level the economic playing field against deep-pocketed defendants and insurance companies. When plaintiffs and their attorneys have adequate resources, they are better equipped to pursue a claim to its full potential. Another significant benefit is that it’s risk-free—repayment is only required if your case is successful. Unlike credit cards or traditional loans, pre-settlement funding does not leave you burdened with debt if the outcome of your case is not favorable.

If your case settles for less than expected, you are not responsible for covering that gap. We consider this risk when reviewing your application and offering you a lawsuit advance. Additionally, litigation advances do not require monthly payments; they are repaid in full once your case is resolved through a negotiated settlement or court verdict.

Good credit is not a requirement for pre-settlement funding, and applying for a lawsuit advance will not impact your credit score. Cash transfers for qualifying cases can be made anywhere from 24 to 48 hours after your application is approved.

How Pre-Settlement Funding Works in Michigan 

Michigan advance on potential settlement is non-recourse. That means that if you do not receive a settlement or a verdict in your favor, you do not have to pay back the funding. That is a risk the lender takes.  

No credit check is necessary when applying for pre-settlement funding. Your credit score is not affected. No collateral per se is needed, as your lawsuit serves as collateral.  

The Application Process for Michigan Residents

Applying for pre-settlement funding with Mustang Funding is designed to be simple and efficient, allowing plaintiffs to access the financial support they need without unnecessary delays.

Here are the key steps involved:

Apply Online for Pre-Settlement Funding

Getting started is easy. Simply visit the Mustang Funding website and complete the brief application form. This will help us gather basic information to begin evaluating your case. Every funding company and state has slightly different rules and application forms, but most will require your attorney’s input to help assess the value of your case. Always provide adequate contact information for the person or law firm handling your case.

Assessment by the Underwriting Team

At Mustang Funding, our internal team evaluates the strength of your claim and determines an appropriate monetary figure. After consulting with your attorney, we will base our final decision on whether we believe you will win compensation and how much you are likely to receive. If you have provided complete contact information for your attorney, we could have an answer for you in as little as 24 hours.

Review and Accept Funding Proposal

When you receive your proposal, review the details with your attorney. Your attorney is intimately familiar with the details and value of your case, so they are best equipped to provide counsel as to whether you should accept the funds and how much to accept. If you accept the proposal, funds will be dispersed via check or direct transfer.

Michigan Pre-Settlement Funding Laws 

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To qualify for pre-settlement funding in Michigan, the accident must have occurred in the state and resulted in significant injuries.  

In Michigan, the statute of limitations for filing a personal injury lawsuit is generally three years from the date of the accident. Failure to file the lawsuit within this timeframe means your case cannot go forward.  

When it comes to liability, Michigan operates under a comparative negligence standard. You cannot seek damages if you are more than 50 percent responsible for the accident. However, you can still recover damages even if you are partly responsible for the accident causing your injuries, as long as your percentage of responsibility is less than 50 percent.  

For example, if a jury finds that you are 15 percent responsible for the accident, your award is reduced by that percentage. A $100,000 award is thus reduced to $85,000.  

Personal Injury Pre-Settlement Funding in Michigan 

Eligibility for pre-settlement funding assistance in Michigan requires a current personal injury lawsuit pending in civil court. You must have a lawyer representing you, and your attorney must agree to work with us in order for you to qualify.  

We will discuss the merits and strength of your case with your lawyer. After conducting a thorough evaluation, we make a decision regarding pre-settlement funding.   

Learn More About Pre-Settlement Funding in Michigan  

If you would like to know more about pre-settlement funding in Michigan and how it can help you, contact Mustang Funding today.  

If approved, you may receive your funding in as little as 24 hours. We serve Detroit, Grand Rapids, Ann Arbor, Dearborn, the Upper Peninsula, and other states where pre-settlement funding are allowed.  

Apply for a Michigan Lawsuit Cash Advance

Types of Cases Funded In Michigan

If you have an ongoing lawsuit in Michigan, you may be eligible for pre-settlement funding. Discover the varieties of lawsuit cash advances offered by Mustang Funding in Michigan.

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