It often takes an extended period for a personal injury claim to be processed through the legal system. However, you expect a good settlement because you have a solid case. Yet, in the meantime, you are facing financial instability because you cannot work while recovering from a serious injury. Pre-settlement funding in Mississippi 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 sometimes called a lawsuit loan, but that term is incorrect. It is not a loan. It is a disbursement of money in anticipation of a settlement down the road. There is no need for a credit check or employment verification. The money is repaid when you receive your settlement or jury award. To learn more, contact us today.
How Pre-settlement Funding in Mississippi 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 case specifics with us. The plaintiff can file the pre-settlement funding application online. Only those cases determined to have a substantial likelihood of success and the potential of a considerable settlement or jury award are eligible.
At Mustang Funding, we evaluate each case thoroughly based on its merits. If approved, you may receive your pre-settlement funding within 24 hours. Insurance companies know that delaying settlement can force a plaintiff in difficult financial circumstances to agree to less than they deserve for their damages and losses.
Pre-settlement funding not only provides you with money for your immediate needs but can reduce the pressure you may feel to agree to a lower settlement offer.
Mississippi Pre-settlement Funding Laws
Pre-settlement funding in Mississippi 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 a car, tuition, or other items.
Please note that not all lawsuits are eligible in Mississippi. Generally, only personal injury cases, wrongful death cases, and some commercial cases could qualify. Examples of personal injury include car accidents, slip and falls, or medical malpractice. In addition, unlike some states, Mississippi does permit pre-settlement funding for workers’ compensation cases.
We will review several factors when considering an application in Mississippi. These include the strength of the case, the amount of the potential settlement, and the likelihood of winning the case.
Learn More from Mustang Funding
We secure funding for a wide variety of civil cases with clear liability, injury, and settlement claims. It provides you with the financial support you need during legal proceedings so you can focus on your recovery. To learn more about pre-settlement funding in Mississippi and whether your case is eligible, please contact us today. We serve Jackson, Gulfport, Southaven, Biloxi, Hattiesburg, and other areas of the state. Since 2018, we have provided more than $150 million in funds to plaintiffs and attorneys.
