Though relatively new in the legal funding industry, Mustang Litigation Funding has established a reputation as a premier pre-settlement legal funding provider. Since its founding in 2018, it has provided legal funding to over 1,500 cases and counting. But what do its web reviews say?
Mustang’s easy application process and no-win, no-fee structure has helped it to win clients across the U.S. When it comes to choosing your legal funding company, it pays to partner with the company that is best positioned to help you win your case. Is Mustang that company for you?
What Types of Litigation Financing Does Mustang Funding Offer?
Mustang Funding offers pre-settlement financing for its clients, who will likely face well-funded insurance companies. This helps to level the field and gives those with few personal assets the financial strength to fight for the full value of their settlement. Those receiving legal funding typically go through the following process:
- Mustang Funding provides a portion of the estimated value of a plaintiff’s settlement now
- Plaintiffs can use this money in any way they see fit, such as to pay for bills related to the accident or daily living expenses
- Once a settlement is agreed upon, the defendant writes a check for the plaintiff
- The plaintiff’s lawyer pays a portion of this settlement to Mustang
Mustang Funding can give their clients access to the money from their settlement now. Without a legal funding company, you would have to wait months, if not years, to receive your money, during which time you could be pressured to settle for less.
With legal funding, you can avoid these challenges and get the money you’re likely to be awarded down the road now when it can help you most.
Advantages of Mustang Funding
Mustang Funding has disbursed over $50 million in legal funding to clients since its founding in 2018, and it’s easy to see why. Mustang Funding has some clear advantages over competitors in the legal funding space that makes tham an attractive partner for many clients. Take a look at some of their advantages to see if they’re a good fit for you.
Their Funding is Non-Recourse
Mustang Funding offers non-recourse legal funding for your settlement case. What this means is that you won’t have to pay them back if you lose your case due to how the IRS classifies the type of financing they offer.
This gives it some clear advantages over other forms of financing you might turn to, such as a credit card, personal loan, or second mortgage, which need to be repaid from your personal assets regardless of the outcome of your case.
They Offer a Variety of Services
Unlike many other legal funding companies, Mustang offers a wide variety of financial services. In addition to legal funding for individuals, Mustang Funding offers non-recourse cash advances to corporations that may be awaiting settlements.
They also offer law firm funding as well as a variety of special types of funding, including secondary market transactions and lead generation campaigns.
They’re Ethical and Abide by Best Practices
The legal funding industry has several trade groups which companies can join to demonstrate their commitment to best practices and ethical standards.
Mustang Funding is a member of two of these, the Alliance for Responsible Consumer Legal Funding (ARC) and the American Legal Finance Association (ALFA). Membership to these groups signifies Mustang’s commitment to providing transparent, ethical service to its clients.
Disadvantages of Mustang Funding
Mustang Funding offers some clear advantages, but it also has its downsides you’ll want to be aware of before working with them. Some of them are typical of the industry, but others are specific to Mustang itself. You’ll want to carefully evaluate whether or not these make Mustang right for you.
Little Information Available Online
Like many legal funding companies, Mustang Funding’s online presence leaves something to be desired. There’s little practical information about the company on its website, and much about them that is publicly available is on third-party websites.
While this is fairly normal for companies like Mustang Funding, which offer a variety of unique financial services tailored to the specific needs of its customers, some might see this as a lack of transparency.
Few Web Reviews
While some other legal funding companies have reviews available online through sites such as Trustpilot, Mustang Funding does not. This isn’t necessarily a mark against the company, but it can make it more difficult to know what to expect from them without being able to read reviews from past clients.
You can also have a harder time judging what types of cases Mustang specializes in without knowing what kinds of industry accreditation groups they would identify with most.
Their Prices Aren’t Public
Unfortunately, Mustang Funding doesn’t lst information about their pricing publicly. There’s no information available about what kinds of interest rates you can expect or how much funding you could have access to. This could leave you wondering just how much legal funding you could have access to as you wait for your case to be approved.
Apply for Legal Funding Today
Legal funding can take much of the pressure to take any settlement deal off your back, allowing you to fight for the maximum award. This is your one chance to redress whatever financial damages you suffered, which may follow you for your whole life. You deserve a chance to fight for everything you’re owed, and at High Rise Financial we can give you that opportunity.
At High Rise Financial, we offer our clients up to $1 million in legal funding in as little as 24 hours after approval, which can take just minutes. Our funding is non-recourse and doesn’t have to be paid back if you lose your case. Contact us today to find out if you qualify for legal funding.