Were you injured in an accident? Are you now facing the need to pay your bills while awaiting the arrival of your personal injury settlement? It can be hard to wait for the compensation you are owed, especially when the process is long and your financial situation becomes stressful.
However, at Pegasus Legal Capital, we want you to know you’re never alone. Since 2007, we have helped provide personal injury pre-settlement funding to people just like you. We understand the relief that monetary assistance can bring at a time like this, and we want to help.
With Nevada personal injury pre-settlement funding, you’ll have the ability to access money upfront. That way, you can turn your attention to your recovery process and focus on healing from your injuries without feeling overwhelmed by the added burden that financial strain often causes.
What is Pre-Settlement Funding?
Also known as litigation funding or lawsuit funding, pre-settlement funding is a non–recourse cash advance based on the anticipated value of a pending personal injury claim. This type of funding is a way to get a portion of your settlement or jury award early.
If the plaintiff loses the case, they typically owe nothing back to the funding company, making this financial product particularly valuable for those who lack the resources to endure a lengthy legal battle.
Schedule your free consultation today with a pre-settlement funding lawyer serving Nevada, 855-386-3968
The Legal Landscape of Personal Injury Cases in Nevada
Nevada’s legal landscape for personal injury cases is shaped by specific statutes and case law that influence settlement negotiations, damage calculations, and the timing of payments.
Understanding how pre-settlement funding fits within this context requires a look at the nature of personal injury claims, the typical timelines involved, and the protections Nevada law offers to plaintiffs and lenders in these financial transactions.
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Common Types of Personal Injury Claims in Nevada
Personal injury claims in Nevada arise when a person suffers harm due to the negligence or intentional actions of another party. Common examples include automobile accidents, slip and fall incidents, medical malpractice, product liability, and workplace injuries.
Plaintiffs must establish liability by proving that the defendant breached a duty of care, causing injury and damages. Once liability is established, parties often negotiate settlements.
However, these negotiations may take months, especially if the case is complicated by additional factors or the defendant disputes the extent of the injuries that you sustained.
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Financial Pressures During the Litigation Process
The financial pressure that you face during this waiting period can be intense. You could be facing costly hospital bills, ongoing medical treatment costs, high rehabilitation expenses, and the loss of your income.
Pre-settlement funding allows plaintiffs to access money quickly. This often offers people like you relief from monetary stressors. It also lets you focus on your recovery rather than the legalities of your situation.
Your pre-settlement funding consultation is free — contact us today!
Regulatory and Contractual Framework Governing Pre-Settlement Funding
Nevada law does not regulate pre-settlement funding as strictly as other financial products, but the industry is governed by contract law and principles of fairness.
The agreements between plaintiffs and funding companies must be clear. We will outline the fees you’ll pay and the repayment terms you’re agreeing to, as well as all contingencies in the event the case is lost.
Transparency is a must, especially because these contracts often involve non-traditional lending terms—including interest or service fees—that can compound over time.
Risk Assessment
Since pre-settlement funding is non-recourse, the funding company’s recovery depends entirely on the case’s outcome. We advance funds based on the anticipated settlement amount, minus the cost of legal fees and court expenses.
We evaluate cases carefully before providing people with advances. This evaluation includes reviewing medical records, liability evidence, and the experience of your legal counsel.
How Pre-Settlement Funding Works
When you apply for personal injury pre-settlement funding, we will analyze the details of your case, including the severity of your injuries, any liability you share for your injuries, your legal representation, and your case’s stage in the legal process.
If your request is approved, we will offer you an advance amount, which you can then use however you need. This advance will be repaid using the proceeds you receive from your settlement or judgment.
Call Us Today for Your Nevada Personal Injury Pre-Settlement Funding Options
If you are finding it difficult to manage your finances following an incident that left you injured, know that you don’t have to go through this situation alone. Waiting for a settlement or judgment can be stressful, but we can help you as you wait for your case to progress.
It all starts with reaching out to Pegasus Legal Capital. We have experience helping people like you gain access to personal injury pre-settlement funding in Nevada. Not only do we understand state laws as they apply to pre-settlement funding, but we also know how to find support tailored to your situation.
Don’t hesitate to contact us today. We’re your trusted legal funding partner, and the sooner you ask us about your funding options, the sooner you can gain access to the resources you need to keep up with your expenses while your personal injury case remains open.
Your pre-settlement funding consultation is free — contact us today!