Applying for legal funding does not require the same documentation as applying for a traditional loan. Instead, it functions more like a cash advance, with repayment due only if and when you win your case. While often called a “lawsuit loan,” that term is misleading. Because the funding is non-recourse, you are not obligated to repay it if your case does not result in a settlement or award.
Perhaps the best way to prepare a lawsuit funding application is to determine whether this is the right option for covering your everyday living expenses. If the financial stress of not being able to meet your monthly bills is overwhelming, lawsuit funding can relieve that pressure until your settlement money arrives. Insurance companies are aware that prolonging the settlement process often forces many plaintiffs to settle for less than they deserve.
Apply for Pre-Settlement Funding Today
Pre-Settlement Funding Requirements
The lawsuit funding application is straightforward. If you are at least 18 and have a pending personal injury or other civil claim, and you are represented by an attorney, you are generally eligible. If the facts of the case are strong and liability is clear, your chances of approval are even higher.
Apply online and provide basic details of your case along with your attorney’s name and contact information. Include details in the application, such as the severity of your injuries, medical prognosis, and how the accident occurred.
Once your application is approved and the funding agreement is in place, expect your funds in as little as 24 hours.
What Is Not Required for Legal Funding
Because it is not a loan, pre-settlement funding does not require:
- Bank Statements – Your eligibility is not based on your bank balance or account activity. There is no need to show proof of savings or regular income deposits.
- Tax Returns – You won’t need to provide past tax filings. Your approval does not depend on your reported income or financial disclosures to the IRS.
- Employment Verification – Whether you’re employed, unemployed, or unable to work due to your injury, your job status has no bearing on your ability to receive funding.
- Credit Score – Pre-settlement funding is not credit-based. Your application will not require a credit check, and a poor or nonexistent credit history will not disqualify you.
- Collateral – Unlike traditional loans, you do not need to pledge any property or personal assets. The funding is secured by the strength of your legal claim.
Pre-settlement funding is designed to ease financial stress while you wait for your case to resolve. By removing the need for traditional financial documentation, it provides access to funds based solely on the merits of your legal claim. This makes it a practical option for plaintiffs who need support without added financial risk.
Common Uses for Pre-Settlement Funding
Plaintiffs often rely on pre-settlement funding to manage essential expenses while their case is pending. These funds are commonly used to cover rent or mortgage payments. Many use the money to pay for medical treatment related to their injury, especially when insurance falls short. It also helps with everyday living costs such as groceries, utilities, and transportation. For those unable to work, the funding can replace lost income and ensure financial stability. In some cases, it supports childcare or other family needs during a difficult time.
Contact Mustang Funding Today
Learn more about your lawsuit funding application from our ultimate guide to pre-settlement funding. 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.
Contact Mustang Funding today and find out whether legal funding is right for you.
