If you were seriously injured due to another party’s negligence and have a pending lawsuit, you may be struggling financially while awaiting the outcome of settlement negotiations. You must still pay for your medical expenses and ordinary household bills, including rent or mortgage payments when you are out of work due to your injury. Pre-settlement funding in New Jersey could be the solution.
Pre-settlement funding is often erroneously described as a lawsuit loan. However, it is not a loan but a type of cash advance. It does not require credit checks or income verification. It is a monetary disbursement in anticipation of a settlement. At Mustang Funding, we are a litigation finance company focused on high-quality, transparent capital solutions for law firms and their clients. To learn more about pre-settlement funding, contact us today.
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.
How Lawsuit Loans in New Jersey Work
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. Generally, once approved, you will receive your funds in as little as 24 hours. Once your case is settled or you receive a jury award, the pre-settlement funding is repaid.
It allows you more flexibility while waiting for a resolution. Insurance companies know that if settlement negotiations are dragged out, plaintiffs may need to accept less money to get on with their lives. With pre-settlement funding, your lawyer can fight for a higher damages award because you can cover your basic needs.
Types of Cases Eligible for Funding in New Jersey
A wide range of cases in New Jersey may qualify for funding, including but not limited to:
- Car accidents on the New Jersey Turnpike or Garden State Parkway – high-traffic corridors connecting Newark, Jersey City, and Trenton, where crashes often lead to serious injuries.
- Truck accidents on I-78, I-80, and I-287 – common routes for freight traffic near Elizabeth, Parsippany, and along the Delaware River corridor.
- Premises liability claims include slip-and-fall injuries at shopping destinations like Jersey Gardens Mall (Elizabeth), Cherry Hill Mall, or restaurants and apartment complexes in Hoboken and Paterson.
- Medical malpractice lawsuits – involving negligence at major hospitals such as Hackensack University Medical Center, Robert Wood Johnson University Hospital (New Brunswick), and Cooper University Hospital (Camden).
- Pedestrian and bicycle accidents – especially in high-density urban areas like Hoboken, Jersey City, and Princeton, where foot and bike traffic mix with motor vehicles.
- Public transit accidents – claims involving NJ Transit buses, PATH trains, or light rail incidents in Newark, Hoboken, and along the Hudson waterfront. Negligence claims against public entities like NJ Transit are governed by the New Jersey Tort Claims Act, requiring notice within 90 days and compliance with a two-year statute of limitations.
Whether an accident happens on the New Jersey Turnpike, in a Newark hospital, or in an apartment complex, plaintiffs often face financial hardship while waiting for justice. Pre-settlement funding helps bridge that gap, offering immediate support so families can focus on recovery and stability.
Benefits of Pre-Settlement Funding in New Jersey
Key benefits of pre-settlement funding include:
- Covers living expenses during litigation – Civil lawsuits can take months or even years to resolve. A lawsuit advance provides financial relief while you wait for your claim to wind its way through the legal system
- No impact on your credit – Good credit is not a requirement for pre-settlement funding, and applying for a lawsuit advance will not impact your credit.
- No employment check required – Approval is based on the strength of your legal claim, not your job history or income.
- Risk-free if you lose your case – Because pre-settlement funding is non-recourse, you owe nothing if you don’t win a settlement or award.
- No monthly payments – Unlike personal loans or credit cards, repayment happens only after your case is resolved.
- Flexible use of funds –Typically has no restrictions on how you spend the money; medical bills, rent, utilities, groceries, tuition, or other everyday expenses.
Mustang Litigation Funding, located in Wayzata, MN, offers ethical institutional litigation funding to support justice. With personnel having 100+ years of combined investment experience and 50+ years in litigation finance, we’ve empowered 5,000+ civil litigants and 800 law firms.
Apply for pre-settlement funding today. One of our team members will promptly assist you after submitting your application – we look forward to speaking with you soon.
Cities We Serve in New Jersey
Mustang Funding proudly provides pre-settlement funding to plaintiffs throughout New Jersey. Whether you live in a major city, a suburban community, or a smaller town, we’re here to help you access quick, non-recourse legal funding while your personal injury case is pending. We serve clients in:
- Newark
- Jersey City
- Paterson
- Elizabeth
- Lakewood
- Edison
- Woodbridge
- Toms River
- Hamilton Township
- Trenton
- Clifton
- Camden
- Brick Township
- Cherry Hill
- Passaic
If your city isn’t listed, don’t worry, we provide pre-settlement funding statewide in New Jersey. Wherever you are, our team will coordinate directly with your attorney to review your case and help you get the financial support you need, often within 24 hours of approval.
New Jersey Pre-Settlement Funding Laws
Pre-settlement funding in New Jersey is a non-recourse loan. You do not have to pay it back if you do not receive a settlement or a civil trial does not end in your favor. While many people use this money to pay current and past-due bills, there is no restriction on how you spend it. You may buy a new car or pay tuition expenses for your children.
Personal Injury Cases in New Jersey
In New Jersey, the statute of limitations for filing a personal injury lawsuit is generally two years from the accident date. Failing to file a lawsuit by that deadline means your case cannot proceed.
New Jersey operates under a modified comparative negligence standard regarding liability. That means the plaintiff cannot be more than 50 percent responsible for the accident to collect damages. Further, the plaintiff’s compensation is reduced by the percentage of their fault, as determined by a jury. For instance, if the jury decides the plaintiff is 25 percent at fault, a $100,000 award is reduced to $75,000.
Contact Us to Learn Now
To learn more about pre-settlement funding and whether your case qualifies, contact Mustang Funding today. We serve Newark, Elizabeth, Jersey City, Lakewood, Edison, and other areas of the state. Since 2018, we have provided more than $150 million in funds to plaintiffs and attorneys.
