Even though your lawyer assures you that your personal injury lawsuit is strong, the process can take a long time. If you are lucky, your case is settled within several months. However, a personal injury lawsuit can take several years. Meanwhile, you have ongoing medical expenses and the usual bills to pay. Since your injury keeps you from working, finances are tight. Insurance companies know the delay can result in plaintiffs accepting lower compensation out of desperation. Litigation funding funding in Rhode Island keeps you afloat until your case is resolved.
Is Pre-Settlement Funding Considered a Loan?
No, pre-settlement funding is not a loan. While we occasionally use the term “lawsuit loan”—since it’s a common search phrase—what we offer is technically different.
Pre-settlement funding is a non-recourse cash advance provided in exchange for a portion of your potential future settlement. Unlike a traditional loan, you are not required to repay the advance if you lose your case. In essence, 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 in Rhode Island Works
To qualify for pre-settlement funding, you must have a pending personal injury lawsuit and represented by a lawyer. Your attorney must agree to provide us with detailed information about your case. After a thorough review, we decide whether your case is strong enough to qualify for pre-settlement funding. You can apply in less than two minutes. The application is free, and there are no hidden fees or charges in the application process. One of our team members will promptly assist you after submitting your application. If approved, you should receive your money within 24 hours.
Cities We Serve in Rhode Island
Mustang Funding offers pre-settlement funding to plaintiffs across Rhode Island. Whether you live in a larger city or a smaller community, we’re here to provide quick, non-recourse legal funding while your personal injury case is pending. We serve clients in:
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- Providence
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- Warwick
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- Cranston
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- Pawtucket
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- East Providence
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- Woonsocket
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- Cumberland
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- Coventry
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- North Providence
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- South Kingstown
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- West Warwick
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- Johnston
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- Newport
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- Lincoln
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- Central Falls
If your city isn’t listed, don’t worry, we provide pre-settlement funding statewide in Rhode Island. Wherever you’re located, our team will work directly with your attorney to review your case and help you secure the financial support you need, often within 24 to 48 hours of approval.
How Legal Funding in Rhode Island Compares to Other States
What Makes Pre-Settlement Funding in Rhode Island Different (and Why That Matters to You)
Rhode Island does not have a single statute dedicated specifically to regulating pre-settlement legal funding. Instead, legal funding arrangements are governed by general contract law, court precedent, and attorney ethics rules. This legal landscape shapes how funding agreements are reviewed and structured in the state.
Here’s what that means in practical terms for someone waiting on a settlement in Rhode Island:
- No special statutory terminology.
Rhode Island law does not use a unique legal term for legal funding. Funding arrangements are typically referred to as pre-settlement or litigation funding and are treated as non-recourse contractual agreements rather than loans.
- No state registration requirement for providers.
Legal funding companies are not required to register with a Rhode Island state agency before offering funding, placing greater emphasis on the terms of the individual agreement and the provider’s practices.
- Written agreements play a central role.
Because there is no funding-specific statute, the written agreement is especially important. It should clearly outline the amount of funding provided, the repayment terms if the case is successful, and confirm that no repayment is owed if there is no recovery.
- Your attorney remains independent.
Funding providers may not control or interfere with your attorney’s legal strategy, settlement decisions, or professional judgment. Attorney ethics rules continue to apply throughout the process.
Together, these factors shape how funding agreements are structured and reviewed in Rhode Island.
How Rhode Island Is Similar to Most Other States
Even without a dedicated statute, the fundamentals remain the same:
- Attorney cooperation is essential
- Approval is based on the strength and value of your case
- There are no monthly payments
- Repayment only occurs if you recover compensation
Eligibility & Underwriting for Rhode Island Legal Funding
In Rhode Island, approval for legal funding is based far more on the merits of your claim than on your personal financial situation. Credit score, employment status, and income are typically not the deciding factors.
What Litigation Funding Companies Look For
When reviewing Rhode Island claims, funding providers generally focus on:
- Whether you are the plaintiff in an active lawsuit or insurance claim
- Whether you have an attorney handling your case
- The likelihood of a settlement or judgment in your favor
- Whether there is insurance coverage or a defendant with the ability to pay
- Whether the expected recovery can support funding after legal costs and liens
Rhode Island–Specific Considerations You Should Know About
Because Rhode Island lacks a dedicated legal funding statute, underwriting tends to focus on risk assessment and documentation rather than statutory compliance.
Key considerations may include:
- Strong reliance on attorney confirmation.
Attorney input is especially important in Rhode Island because there is no state-mandated disclosure framework.
- Clear non-recourse language in the agreement.
The funding agreement must clearly state that repayment is only required if the case is successful.
- Court precedent and contract enforceability.
Rhode Island courts generally evaluate funding agreements under traditional contract principles rather than a specialized funding law.
Common Types of Lawsuits That May Qualify for Legal Funding in Rhode Island
Legal funding in Rhode Island is available across many types of civil claims, most commonly in personal injury involving negligence.
Many Rhode Island plaintiffs seek legal funding for:
- Car and truck accidents
- Motorcycle and pedestrian accidents
- Slip and fall or premises liability cases
- Dog bite and animal attack claims
Higher-Severity or Complex Claims
Funding may also be available for more serious cases, such as:
- Claims involving surgery or long-term medical treatment
- Wrongful death lawsuits
- Medical malpractice claims with strong documentation
- Product liability cases
Other Civil Claims That May Be Eligible
Depending on the facts, funding may also be considered for:
- Employment discrimination or retaliation claims
- Wage and hour disputes
- Third-party liability claims connected to workplace injuries
- Civil rights and catastrophic injury cases
What Makes a Case More Likely to Qualify for Legal Funding in Rhode Island?
Across all Rhode Island case types, approval is stronger when there is:
- Clear evidence of fault or liability
- Medical records that support the claimed injuries
- Confirmed insurance coverage or a financially viable defendant
- A reasonable timeline for resolving the case
Contact Us for More Information on Lawsuit Loans
If you have a pending personal injury lawsuit, Contact us to see if your case qualifies for Rhode Island pre-settlement funding. We’d love to hear from you. Learn more about the states where we offer settlement funding. Since 2018, we have provided more than $150 million in funds to plaintiffs and attorneys.
We serve Providence, Warwick, Cranston, Pawtucket, East Providence, and other areas of the state.
