If you’re pursuing a personal injury claim and need financial help while your case is pending, you might be searching for South Dakota lawsuit loans. Pegasus Legal Capital provides a better option than traditional loans.
We offer non–recourse pre–settlement funding, which means you only repay us if you win your case. If your lawsuit doesn’t result in a recovery, you owe nothing and keep the money we advanced.
When you have funding to cover your expenses, you can wait for fair compensation instead of accepting whatever the insurance company offers first out of desperation. Our application process is fast and straightforward, with most decisions delivered within 4-6 hours and funding typically arriving in 24-48 hours after approval.
About Pegasus Legal Capital
Pegasus Legal Capital has provided pre-settlement funding solutions since 2008, serving over 15,000 clients nationwide. We’ve funded more than $500 million in advances to personal injury plaintiffs like you who needed financial support before a settlement.
Our technology allows us to analyze cases efficiently and deliver fast decisions. Most applicants receive responses within 4-6 hours, and approved funding typically reaches clients within 24-48 hours.
We offer funding amounts from $500 to $6 million, depending on your case’s expected value. If you need a lawsuit loan in South Dakota, large or small, we believe our cash advances will give you a much safer option. If your case is strong, give us a call.
Schedule your free consultation today 855-386-3968
Eligibility Requirements and Case Types
We advance cash based on the strength of your case. Your lawyer must be willing to work with us and give us the information we need about your case. If you have a lawyer and they agree you have a case, your case may qualify.
We give pre-settlement funding for many case types, like:
- South Dakota 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 South Dakota lawsuit loans.
- South Dakota 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.
- South Dakota FELA lawsuits: If you’re a railroad worker pursuing a FELA claim, Pegasus can provide fast, risk-free legal funding while your case progresses.
- South Dakota 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.
- South Dakota 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.
Why We’re In the American Legal Finance Association and How It Protects You
Membership in the American Legal Finance Association matters when choosing a pre-settlement funding company. ALFA membership signals that a company follows ethical standards and industry practices that protect consumers.
ALFA was founded to establish and promote ethical standards in the legal funding industry. Member companies agree to follow a code of conduct that governs how they interact with clients and attorneys. This includes commitments to transparency about fees and terms, fair treatment of consumers, and ethical business practices.
Member companies like us must:
- Provide clear written agreements that explain all terms and conditions in plain language.
- Must disclose all fees upfront so you understand exactly what you’ll repay under different scenarios.
- Must treat consumers fairly and avoid deceptive marketing practices.
ALFA membership also indicates financial stability and industry standing. To join ALFA, companies must meet certain operational and financial requirements. These requirements help ensure that member companies are legitimate businesses with the resources to honor their commitments.
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Tax Implications of Pre-Settlement Funding
Pre-settlement funding is generally not considered taxable income when you receive it. The IRS doesn’t view the advance as income because it’s not a payment for services, wages, or interest. Instead, it’s an investment in your case’s potential outcome. You don’t report the funding you receive as income on your tax return, and you don’t owe income tax on the advance amount.
The repayment of pre-settlement funding from your settlement doesn’t create a separate tax event. When your attorney pays back the funding company from settlement proceeds, that’s simply a transfer of money you already received, not new income. You don’t get a tax deduction for repaying the funding because you never reported it as income in the first place.
Funding for cases involving taxable damages requires more careful consideration. If your lawsuit includes claims for lost wages, emotional distress without physical injury, or punitive damages, portions of your settlement may be taxable. Consult with a tax professional if your case involves potentially taxable claims.
Your pre-settlement funding consultation is free — contact us today!
Get Something Better than a South Dakota Lawsuit Loan
If you‘re searching for South Dakota lawsuit loans but want the protection of non–recourse funding, contact Pegasus Legal Capital for a free consultation. As an ALFA member and direct funder, we provide transparent terms, ethical practices, and risk-free funding.
Don’t let financial pressure force you into an unfair settlement when safe, reliable funding is available. Contact us to schedule an appointment with our case evaluation team.
Your pre-settlement funding consultation is free — contact us today!