A car accident can leave you with severe injuries, costly medical bills, and questions about your financial future. Car accident pre-settlement funding can provide stability while you wait for your settlement.
While some car accident lawsuits conclude within a few months, others take over a year. If your case has dragged on for longer than expected, you may be struggling to make ends meet.
Since 2007, Pegasus Legal Capital has served more than 15,000 clients. If you’re having a hard time paying your daily living expenses after a car crash, Mississippi car accident pre-settlement funding can help you stay afloat.
What Is Pre-Settlement Funding and How Does It Work?
Pre-settlement funding is a type of cash advance available to people with pending personal injury cases, such as car accident claims. If approved, you’ll receive money up front in exchange for a portion of your future settlement.
Personal injury pre-settlement funding is non–recourse, meaning that, unlike with a traditional loan, you don’t owe anything if your case is unsuccessful.
Schedule your free consultation today with a car accident lawyer serving Mississippi, 855-386-3968
Do I Qualify for Car Accident Legal Funding?
To qualify for car accident pre-settlement funding in Mississippi, you generally need to meet these criteria:
- You have a pending personal injury claim: You must be pursuing compensation through a lawsuit or insurance claim.
- You are represented by an attorney: Pegasus Legal Capital requires your lawyer’s cooperation.
- You have a strong case: The clearer the at-fault driver’s negligence and your damages, the higher your chances of approval will be.
Approval is based on the strength of your case, not your credit score or employment history.
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How Do I Apply for Car Accident Pre-Settlement Funding in Mississippi?
The process for applying for car accident legal funding in Mississippi is simple:
- Application submission: You provide basic details about your car accident and legal claim.
- Attorney collaboration: Pegasus contacts your lawyer to obtain case documents, such as crash reports, medical records, and court filings.
- Case review: Pegasus assesses the details of your case and determines the potential value of a settlement.
- Approval and offer: If approved, you receive a funding offer.
- Receive funds: Once you sign the agreement, your funds are wired to your account.
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Should I Let My Attorney Know I’m Applying for Pre-Settlement Funding?
Yes, you should alert your attorney before applying for pre-settlement funding. Pegasus will need to work directly with them to evaluate your case. If you’re considering applying, talk to your attorney first to ensure you understand the pros and cons of legal funding.
Your pre-settlement funding consultation is free — contact us today!
Why Would Pre-Settlement Funding Be Denied?
Your application for Mississippi car accident legal funding may be denied if:
- Liability is unclear: If it’s not clear who caused the accident, your case may be deemed too risky.
- Damages are minimal: If your injuries or losses aren’t significant, there may not be enough expected settlement value to support funding.
- Your attorney doesn’t cooperate: Since Pegasus relies on your lawyer’s input, a lack of communication can delay or terminate the process.
- It’s too early or too late in the process: If you haven’t filed your claim yet, or if your case is already about to settle, approval will be less likely.
How Long Does It Take to Receive Pre-Settlement Funding?
One of the biggest perks of pre-settlement funding is how quickly you can obtain it. Once approved, many applicants receive their funds within 24 to 48 hours. The exact length of your waiting period will depend on how quickly your attorney provides the required documents and the complexity of your case.
If your case is straightforward and your lawyer is responsive, you may be able to access your advance in just a couple of days.
What Can I Use Pre-Settlement Funding For?
Once you receive your pre-settlement funding, you can use it however you wish. Our lawsuit funding often helps victims of motor vehicle accidents pay for expenses such as:
- Emergency room stays
- Surgeries
- Prescription medications
- Physical therapy sessions
- Rent or mortgage payments
- Utility bills such as water, gas, or electricity
- Car repair or replacement
- Childcare
- Groceries and other household supplies
Is Pre-Settlement Funding Worth It?
For many Mississippi car accident victims, automobile accident lawsuit funding is worth it because it:
- Provides immediate financial relief while waiting for your settlement
- Helps cover essentials like housing, medical care, and transportation
- Reduces the pressure to accept a lowball offer from the insurance company
- Offers peace of mind knowing you can focus on your recovery instead of bills
Legal funding does come with fees that will reduce your final settlement, which is why it’s important to talk with your lawyer before making a decision.
Apply for Legal Funding Today
If you’re struggling financially after a car accident in Mississippi, pre-settlement funding from Pegasus Legal Capital may be the lifeline you need. This cash advance will allow you to cover medical bills, rent, and other daily living expenses while your lawyer fights for maximum compensation. And if you lose your lawsuit, you won’t owe anything.
Call today to find out how you can get financial support while you wait for your case to conclude.
Your pre-settlement funding consultation is free — contact us today!