Mayfield Settlement Funding
Listed in Law
About
Mayfield Settlement Funding is a legal funding company that has historically helped injured plaintiffs access money tied up in their lawsuits before those cases resolved. Based in Phoenix, Arizona, the company has worked with clients across the United States who were waiting on personal injury, workers compensation or other negligence claims and needed cash to cover living expenses while their cases moved through the legal system. Rather than focusing on credit scores or employment history, Mayfield evaluated the strength and expected value of a client’s claim and advanced funds on that basis. The obligation to repay was typically tied to the success of the case, so if the lawsuit did not result in a recovery, the client would not be required to pay the advance back.
The company has offered both pre-settlement and post-settlement funding, so clients could request money while liability and damages were still being disputed, or after a settlement or judgment had been reached but before the defendant or insurer actually paid. Mayfield positioned itself as a direct lender, not a broker, which meant that applications were handled in house and clients dealt directly with the funding company rather than third party financiers. Typical advances ranged from relatively small amounts to help bridge a short term gap through larger advances in higher value claims, often with the stated goal of providing a decision quickly and funding within about a day of approval. Cases commonly funded included auto accidents, slip and fall injuries, premises liability incidents, workplace and construction accidents, product liability claims, medical malpractice and wrongful death.
Mayfield Settlement Funding has presented its services as a way for plaintiffs to resist pressure to accept low settlement offers simply because they were in financial distress. By using lawsuit funding to keep up with rent, utilities and household bills, clients could allow their attorneys more time to build the strongest possible case. At the same time, the company acknowledges on its own site that it is no longer actively funding new clients and is instead focused on serving its existing customer base. For those existing clients, the emphasis remains on responsive communication, clear terms and providing financial breathing room during what is often a long and stressful legal process.