Pre-settlement funding can help pay your living expenses while you wait for your case to resolve. However, it’s crucial to choose a litigation funding company with proven experience and a solid performance history. Start by confirming that your type of case is eligible, not only with the lender but also under your state’s laws. Most pre-settlement funding is available for personal injury lawsuits, but some lenders also support other types of claims, such as workplace discrimination or workers’ compensation, depending on state regulations.
It’s also essential to conduct thorough due diligence. Look for companies that adhere to established industry standards and best practices. For example, membership in respected trade and advocacy organizations can be a strong indicator of professionalism, transparency, and accountability.
Track Record
Seek out a litigation funding company with experience and a strong track record. At Mustang Funding, we’ve worked with over 1,000 U.S. law firms and issued over 10,000 checks to individuals, groups, and firms.
As noted, membership in reputable trade organizations is another positive sign. We are a member of the following, among others:
- American Legal Finance Association (ALFA): Promotes ethical standards and best practices in the litigation finance industry.
- Alliance for Responsible Consumer Legal Funding (ARC): A coalition that establishes best practices for consumer litigation funding, emphasizing transparency and dispute resolution safeguards.
- Public Justice: a nonprofit public interest organization that advocates for consumers, civil rights, workers, and environmental causes.
These affiliations reflect our commitment to fairness, accountability, and professionalism in every aspect of our work.
Apply for Pre-Settlement Funding Today
Look for Transparency
If anything in the proposal is unclear, ask for clarification. The company should be transparent about its fee structure. To help determine the amount of your lawsuit advance, your attorney and the funder may estimate the potential value of your settlement based on similar past cases.
Ask the company how your repayment would change if your final settlement is significantly lower. At Mustang Funding, if your case settles for less than expected, you are not responsible for covering that gap. We consider this risk when reviewing your application and offering you a lawsuit advance.
How Your Lawyer Can Help You Choose a Pre-Settlement Funding Company
Since your lawyer must agree to cooperate with the funding company to qualify, they can also advise whether it is a good choice for your case. They can examine the contract terms, fee structure, and more. The final decision is up to you. However, if your attorney is knowledgeable about litigation funding, they may advise you to consult with other companies about their terms. They may also provide a referral based on their previous experience with litigation funding companies.
Contact Mustang Funding
Mustang Litigation Funding, located in Wayzata, MN, offers ethical institutional litigation funding to support justice. Our team of experts has a combined 100+ years of experience in the finance industry and 50+ years in litigation finance. Learn more from our ultimate guide to pre-settlement funding. Have questions? Contact us today. We’d love to see how we can help.
