Obtaining a settlement in a personal injury lawsuit can take months or even years, especially if it goes to trial. However, you are not working and face financial instability while recuperating. You need money now to pay medical bills, the mortgage, car payments, insurance, and credit card bills. With pre-settlement funding in Oregon, you can obtain the cash you need.
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 income or employment verification. It is similar to a cash advance. The money is repaid when you receive your settlement or jury award. To learn more, contact us today.
How Pre-Settlement Funding in Oregon Works
To qualify for pre-settlement funding in Oregon, you must have a current lawsuit pending and an attorney representing you. Your lawyer must agree to provide us with information regarding the strength of your case and its likelihood of success.
At Mustang Funding, we provide fast cash settlements for approved applications. Our online application allows you to apply for funding in less than two minutes. After carefully evaluating your case and consulting with your lawyer, we make our decision. If approved, we will send you the funds via wire transfer within 24 hours.
Pre-settlement Funding Laws in Oregon
Oregon does not have any state laws regulating pre-settlement legal funding. It is a is a non-recourse loan. That means we take 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.
Plaintiffs who are desperate for financial stability give their opponents an unfair advantage at the negotiating table. Pre-settlement funding provides a solution by offering upfront cash to litigants waiting to resolve their cases. At least with some cash in their pocket, plaintiffs are less likely to be pressured into accepting a lowball offer for their damages.
Personal Injury Laws in Oregon
In Oregon, the statute of limitations for filing a personal injury lawsuit is generally two years from the accident date. Failing to file a civil lawsuit by that deadline means your case cannot go forward.
In addition, Oregon operates under a modified comparative negligence standard pertaining to liability. Even if you were partly responsible for your accident, you can still receive compensation if you are less than 50 percent at fault, as determined by a jury. However, your compensation is reduced by your percentage of fault. For instance, if the jury decides you were 30 percent at fault for the accident, a $100,000 award is reduced to $70,000.
Contact Us for More Information
If you have a pending personal injury lawsuit and want to know whether you are eligible for pre-settlement funding in Oregon, contact us today. Learn more about the states where pre-funding settlement is available. Since 2018, we have provided more than $150 million in funds to plaintiffs and attorneys. We serve Portland, Eugene, Salem, Gresham, Hillsboro, and other areas of the state.
