If you have been the victim of a serious personal injury because of another party’s negligence or recklessness, you can file a lawsuit against those responsible for your injuries. However, even with a strong case, a settlement can take months or even years to come through.
In the meanwhile, you are struggling to recover and keep your head above water financially. Medical bills are piling up, and you must cover your daily living expenses. Litigation funding assistance in Missouri can get you the cash you need now to pay bills, buy food, and cover your rent or mortgage.
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.
Your potential settlement serves as a form of collateral. There is no credit check, and pre-settlement funding in Missouri does not affect your credit score.
Use the money to cover any of your needs. There are no restrictions on the funding’s use.
What are The Benefits of Lawsuit Loans?
There are several benefits to lawsuit loans for plaintiffs awaiting the outcome of legal proceedings:
- Does not affect your credit in any way: Good credit is not a requirement for pre-settlement funding, and applying for a lawsuit advance will not impact your credit.
- Does not require an employment check: We approve applications solely based on the strength of your legal claim, not your job history.
- Is risk-free even if you lose your case: If you don’t get a court award or settlement, you don’t have to pay anything back. That is why we refer to pre-settlement funding as non-recourse financing. We absorb all the risk.
- Typically, there are no restrictions on how you use it: From coverage of legal expenses to food, utilities, and other day-to-day bills, you can use pre-settlement funding as you see fit.
- Does not require monthly payments: Unlike credit cards and personal loans, litigation advances do not have monthly payments. Instead, these funds are only repaid once your case is completed.
- Offers fast cash payments: Cash transfers for qualifying cases can be made within 24-48 hours after your application is approved.
Whether you’re facing mounting living expenses, medical bills, or simply need peace of mind while your case progresses, lawsuit loans provides fast, flexible, and risk-free support.
How Pre-Settlement Funding Works in Missouri
To qualify for funding for pending lawsuits in Missouri, plaintiffs must currently be pursuing a personal injury lawsuit with a lawyer.
Your lawyer must agree to work with us in order for you to qualify for pre-settlement funding. We will discuss your case in depth with your attorney to determine its merits. Based on the strength of your case, you may prove eligible for Missouri pre-settlement funding.
Missouri pre-settlement funding is non-recourse. That means that if you do not win your case, you do not have to repay the funds already distributed. That is a risk the lender takes on.
If you win your case or settle it out of court, you must pay the pre-settlement amount back to the lender, with fees.
What Can You Use Lawsuit Loans For in Mississippi?
If you’re pursuing a personal injury or other civil claim in Mississippi, a lawsuit loan from Mustang Funding can help ease financial pressure while your case is pending.
Here are common, approved uses for a lawsuit loan:
- Rent or Mortgage Payments. Keep up with housing costs while you’re out of work or waiting for a settlement, without worrying about late fees or the threat of eviction or foreclosure. A lawsuit loan can help you stay in your home while your legal claim winds its way through the system.
- Utility and Household Bills. Cover essential monthly expenses such as electricity, water, gas, internet, and phone. These costs can pile up quickly during extended litigation.
- Groceries and Daily Living Needs. Use your lawsuit loan to maintain access to food, hygiene products, transportation, and other daily necessities for yourself and your family.
- Medical Expenses. Even with insurance, you may face out-of-pocket costs such as co-pays for surgeries, prescriptions, physical therapy, or long-term care. Legal funding can help you continue necessary treatments without delay.
- Auto Payments and Repairs. A lawsuit loan can help you cover car payments, insurance premiums, and necessary vehicle repairs.
- Childcare and Education Costs. If you have children, lawsuit funding may assist with daycare, school tuition, supplies, or after-school programs, helping to maintain stability for your family.
- Legal Costs. While your attorney likely works on contingency, some cases involve expert witness fees, court filings, or document services that may require upfront payment. A lawsuit loan can cover these ancillary costs.
At Mustang Funding, we understand that legal battles take time, but your bills can’t wait. Our lawsuit loans provide critical financial relief so that you can focus on healing.
Missouri Pre-Settlement Funding Laws
Only those aged 18 and up with a personal injury lawsuit filed in civil court may apply for pre-settlement funding in Missouri.
When it comes to liability, Missouri operates under a pure comparative negligence standard. Even if the plaintiff is still partly at fault for an accident, they can still recover damages. For instance, if a judge or jury determines that you were 20 percent responsible for the event that led to your injuries, you can still receive damages minus the percentage of fault. In this scenario, a $100,000 settlement amount is reduced to $80,000.
In Missouri, the statute of limitations for filing a personal injury lawsuit is five years from the date of the incident. That is one of the longest statutes of limitations in the nation. Failure to file a lawsuit within this time period means your case cannot go forward.
Learn More About Lawsuit Loans in Missouri
If you would like to know more about pre-settlement funding in Missouri 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 St. Louis, Kansas City, Springfield, Columbia, and other states where pre-settlement funding is legally permitted.
