If you’re waiting for your personal injury case to settle in North Carolina and need money to cover expenses, you might search for North Carolina lawsuit loans. Pegasus Legal Capital offers something better than traditional lawsuit loans.
We provide non-recourse pre-settlement funding, meaning you only repay us if you win your case. If your lawsuit doesn’t result in compensation, you keep the money and owe us nothing. Our pre-settlement funding works differently because we take on all the risk. We advance cash based on your case’s expected value, and we only collect if your case succeeds.
When you have funding to cover your bills, you can reject inadequate offers and pursue full compensation. Our application process is fast, with most decisions made in as little as 4-6 hours and funding delivered within 24-48 hours after approval.
Do You Need Good Credit for Lawsuit Funding?
One of the biggest advantages of pre-settlement funding over traditional North Carolina lawsuit loans is that your credit score doesn’t matter. We don’t check your credit, and bad credit won’t disqualify you from receiving funding.
Banks and credit unions base lending decisions on your credit history and score. If you have poor credit, late payments, collections, or past defaults, traditional lenders reject your application or charge extremely high interest rates. This creates a catch-22 for injured plaintiffs who already have credit problems and desperately need money during litigation.
We look at factors like the strength of your liability claim, the severity of your injuries and damages, the available insurance coverage, your attorney’s assessment of case value, and the expected timeline for resolution. Your credit score plays no role in our decision because we’re not concerned with your ability to make monthly payments.
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No Employment or Income Verification Necessary
We also don’t require employment verification or proof of income. Many plaintiffs are unable to work due to their injuries, which makes qualifying for traditional loans impossible. Your employment status doesn’t affect our evaluation because repayment comes from your settlement, not your paycheck.
Even if you haven’t worked in months, you can still qualify for funding if your case has value. Traditional lenders require tax returns, pay stubs, bank statements, and detailed financial information.
We need basic personal information and details about your case, but we don’t ask for financial documents or employment records. Your attorney provides the case information we need to make a funding decision.
Eligibility Requirements and Case Types
We look at cases based on how good they are, how much they might be worth, and how clear the fault is. Your lawyer must be willing to work with us and give us the information we need about your case. Cases with clear fault and big damages usually get more money and faster approval.
We give pre-settlement funding for many case types, like:
- North Carolina personal injury lawsuits: We offer non-recourse legal funding for motor vehicle accident cases, slip and falls, and other personal injury claims. This type of funding is safer than North Carolina lawsuit loans.
- North Carolina labor law lawsuits: In some states, we can offer pre-settlement funding for labor law settlements, especially in industries with special workers’ compensation laws. Our cash advances help workers who are waiting on settlements under state labor laws.
- North Carolina FELA lawsuits: If you’re a railroad worker pursuing a FELA claim, Pegasus can provide fast, risk-free legal funding while your case progresses.
- North Carolina wrongful death lawsuits: If you have lost a loved one and the insurance company is dragging its feet, don’t suffer further. Pegasus Legal Capital can help you cover expenses while you pursue compensation.
- North Carolina medical malpractice lawsuits: Medical malpractice claims can take years to resolve. You need money now, and we can provide it upfront. You only need to repay it if you win.
North Carolina also has specific regulations when it comes to pre-settlement funding. Funding amounts must exceed $25,000, which means your case value must support this funding amount. If your damages don’t reach this threshold, you’ll be unable to receive funding.
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About Pegasus Legal Capital
Pegasus Legal Capital has provided pre-settlement funding solutions since 2007, serving over 15,000 clients nationwide. We’ve funded more than $500 million in advances to personal injury plaintiffs who needed financial support while their cases progressed through the legal system.
As a member of the American Legal Finance Association, we follow industry standards and ethical practices. This membership demonstrates our commitment to transparency and fair treatment of clients. Unlike brokers who add extra fees, we’re a direct funder, which means you work with us from application through funding without intermediaries taking a cut.
We offer funding amounts from $500 to $6 million, depending on your case’s expected value. Whether you need help with one month’s rent or substantial funds to cover extensive medical treatment and living expenses during a lengthy litigation, we can structure an advance that meets your needs.
Your pre-settlement funding consultation is free — contact us today!
What Funding Companies Look for
Liability is the first thing we examine. Cases with clear fault where the defendant’s responsibility is obvious are easier to fund than cases with disputed liability. If you were rear-ended at a red light, liability is straightforward. If you were involved in a complex multi-vehicle accident with disputed facts, liability is less clear.
Your attorney’s assessment carries considerable weight in our evaluation. Experienced personal injury attorneys understand case values and settlement probabilities. When your attorney believes your case will settle for a certain amount, we take that opinion seriously.
Contact Us for a Free Case Evaluation
If you’re searching for North Carolina lawsuit loans but want the security of non-recourse funding, contact Pegasus Legal Capital today. Our free consultation helps you understand whether your case qualifies, what amount you might receive, and how quickly funding could be available.
Don’t let financial pressure force you into accepting an unfair settlement when risk-free funding is available. Contact us now to schedule an appointment.
Your pre-settlement funding consultation is free — contact us today!