A serious car accident due to another party’s negligence can disrupt every aspect of your life. In addition to a long recovery process, you may be unable to work, making it difficult to cover basic living expenses. If your vehicle was totaled, the loss of transportation could affect you and your entire household’s ability to earn a living. Car accident legal funding can provide critical financial support while you wait for your pending case to settle.
At Mustang Funding, our application process is simple, with no hidden fees or charges. And if you have any questions, our team is here to help. Contact us today to learn how pre-settlement funding can help during this difficult time.
The Benefits of Pre-Settlement Funding Matters After a Car Accident
As noted, pre-settlement funding gives you the financial resources you need to stay afloat while your attorney fights for a fair outcome. Car accident claims often take a year or more to resolve, and cases involving serious injuries or complex liability issues can take even longer.
Benefits of pre-settlement funding include:
- Cover Immediate Living Expenses. Lost income after an accident can leave you struggling to pay for rent, utilities, groceries, or childcare. Pre-settlement funding provides quick access to cash so you can remain financially stable while your case moves forward.
- Avoid Pressure to Settle Early. Insurance companies often make low initial settlement offers, hoping you’ll accept quickly due to financial stress. These offers rarely reflect the full value of your injuries, medical costs, or long-term losses. Pre-settlement funding means you can reject inadequate offers and allow your attorney time to negotiate a reasonable and fair settlement.
- Pay for Medical Treatment. After an accident, medical expenses can quickly add up, even if you have insurance, e.g., out-of-pocket costs for emergency care, co-pays for specialist visits, diagnostic imaging (like MRIs or CT scans), physical therapy, prescription medications, and transportation to and from appointments. The financial burden can be even greater if you’re uninsured or underinsured.
- Replace Lost Transportation. As the injured party, you may be unable to work or drive. However, your family may still rely on that vehicle for commuting to work, school, medical appointments, or daily responsibilities. Pre-settlement funding can help cover the cost of a replacement vehicle or alternate transportation, ensuring your household can function while your case is pending.
- No Repayment Unless You Win. At Mustang Funding, pre-settlement lawsuit funding is non-recourse, meaning you owe nothing if you don’t receive a settlement or award. Essentially, we assume the risk.
You receive funds upfront, and if your case is successful, we collect an agreed-upon share of your settlement.
How Pre-settlement Funding Works
This is how pre-settlement funding works: To qualify for car accident pre-settlement funding, you must be at least 18 years of age, have a pending personal injury lawsuit, and have a lawyer representing you. Your attorney must agree to share details regarding the strength of your case. The defendant in the case must hold the majority of liability.
We’ll require specific information such as the nature of the motor vehicle accident and your injuries. Our team will assess your case and consult your lawyer to determine how likely it is to succeed.
If it appears your case is strong and you are likely to win a substantial settlement or award, you are usually a candidate for pre-settlement funding. The money is generally available within 24 hours if the application is approved.
Contact Mustang Funding
If you were seriously injured in a car accident due to another party’s negligence or recklessness, you might be a candidate for pre-settlement funding. Learn more from our ultimate guide to pre-settlement funding. Mustang Litigation Funding, located in Wayzata, MN, offers ethical institutional litigation funding to support justice. Since 2018, we have provided more than $170 million in funds dispersed across our portfolio. If you have questions, please don’t hesitate to contact us.
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.
