While you cannot take out a traditional loan based on your car accident settlement, pre-settlement lawsuit funding provides a viable alternative. This is essentially an advance on your potential settlement, allowing you to access the cash you need during your case. With pre-settlement funding, you are not forced to settle early to meet urgent financial obligations, and you do not have to wait until the end of your case to obtain financial relief.
How is Pre-Settlement Funding Different from a Traditional Loan?
Pre-settlement funding differs from traditional loans in that it does not require a credit check, monthly payments, or collateral. Instead, it is based on the potential value of your case. Even if you have poor credit or are out of work due to injury, you may still qualify. The key benefit is that if you lose your case, you do not need to repay the funds back to us, making it a no-risk option. This allows you to focus on recovery without worrying about financial pressure or risk to your assets.
How Quickly Can You Get Pre-Settlement Funding?
At Mustang Funding, we understand the urgency that often comes with a car accident. Once your application is approved, funds can be disbursed to you in as little as 24-48 hours. This speed ensures that you do not have to wait weeks or months for relief.
What Can Pre-Settlement Funding Be Used For?
One of the greatest benefits of pre-settlement funding is its flexibility. The funds you receive can be used for whatever needs you have while your case is pending. Whether it is:
- Medical expenses, including ongoing treatment
- Replacing lost wages if you are unable to work
- Car repairs or other accident-related costs
- Daily living costs during your recovery period
Pre-settlement funding is designed to help you get through this tough time, and how you use the money is entirely up to you.
Is Pre-Settlement Funding Safe?
Yes, pre-settlement funding is a safe and secure financial option when used responsibly. The process is regulated by laws that ensure fair practices and protect you from excessive charges. Since you do not repay the funds unless you win your case, you are not at risk of harming your credit score or facing financial penalties if your case is unsuccessful.
However, it is important to borrow only what you need, as taking out a large advance can reduce the final settlement amount you receive. To ensure the best experience, it is essential to choose a reputable funding company, such as Mustang Funding, that provides clear, transparent terms and explains everything upfront so you fully understand the repayment process.
Apply For Pre-Settlement Funding Today
If you are a car accident victim in need of immediate financial relief, pre-settlement funding is a fast and reliable solution. It helps you cover expenses while your case is pending, giving you the time to fight for the compensation you deserve without compromising your financial stability.
At Mustang Funding, we provide transparent, hassle-free pre-settlement funding. Contact us today to learn how we can assist you in securing the funds you need. For a deeper understanding on how pre-settlement funding works, check out our ultimate guide to pre-settlement funding.
About Mustang Funding
Mustang Funding, founded in 2018 and based in Wayzata, MN, is a litigation finance company dedicated to empowering individuals and law firms nationwide with transparent and innovative financial solutions. With over $170 million funded, 10,000+ checks issued, and more than 3,000 cases financed, Mustang provides plaintiff pre-settlement funding, law firm financing, and commercial funding to meet diverse client needs. Their commitment to transparency, integrity, and expertise sets them apart, offering tailored financial support to plaintiffs, businesses, and legal professionals. By bridging capital gaps and fostering access to justice, Mustang Funding continues to lead the legal asset investment industry with a strategic, inclusive, and forward-thinking approach.
