If you are currently awaiting a settlement from a personal injury lawsuit, you may still have many expenses that need to be covered, such as medical bills or property repairs. Michigan lawsuit loans are one option to pay for these expenses, but they carry several hidden costs and risks.
At Pegasus Legal Capital, we offer a safer alternative to Michigan personal injury lawsuit loans. Our legal funding program can get you access to the funds you need to cover your obligations without the risky and often unfavorable terms of a lawsuit loan.
We have provided over $500 million in funding to over 15,000 lawsuit claimants in need and can offer our assistance in your case. Contact us today to speak to a team member about our legal funding options in Michigan.
What Is Legal Funding, and How Is It Different From Personal Injury Lawsuit Loans?
If you have injuries due to someone else’s negligence or wrongdoing, you can pursue a personal injury lawsuit against them to recover compensation. However, lawsuits can take months or even years to resolve, and victims need to pay for things like medical bills, daily care, and other regular expenses.
Lawsuit loans are one option to access lawsuit funds early, but these may have extremely high interest rates and strict payment terms. Additionally, you have to pay back lawsuit loans no matter the outcome of your case, even if you get nothing.
Pegasus Legal Capital offers a better alternative to Michigan personal injury lawsuit loans with pre-settlement legal funding. Our legal funding is essentially a cash advance you can use to cover necessities while you wait for your settlement. Unlike a lawsuit loan, legal funding:
- Is based on the potential value of your case
- Doesn’t have credit or income requirements
- Has no payment schedule or minimum payment
Legal funding is also non-recourse, meaning you only pay back the funds you use if you win your case. If you don’t win, you won’t be on the hook for paying back the money. The collateral is the settlement itself, so without a settlement, there is no pressure on you to repay.
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What Kinds of Personal Injury Lawsuits Can I Get Legal Funding for?
We provide funding for a wide range of personal injury lawsuits and claims in Michigan, including:
- Motor vehicle accidents. These include car, truck, and motorcycle accidents caused by distracted driving, fatigue, speeding, and reckless driving behaviors.
- Slip–and–fall accidents. Slip-and-fall accidents can happen due to dangerous property conditions, such as wet or uneven flooring.
- Medical malpractice. If a person sustains harm due to negligent medical care, they can file a medical malpractice lawsuit against the responsible entity.
- Workplace injury. Workplace injury cases involve incidents where employees sustain injuries on the job and where workers’ compensation may not apply.
- Wrongful death. Wrongful death claims can be initiated to compensate someone’s family if they die in an accident due to negligence or wrongdoing.
If you’re unsure about whether or not your case qualifies, contact us to speak to a team representative who will happily answer your questions. We assess each case individually to determine the merits.
How Our Legal Funding for Personal Injury Lawsuits Works
We keep applications for lawsuit settlement advances simple to save you time and money. Here is how the application process works:
Apply Online (or by Phone)
You can apply for funding by giving us basic information about yourself and your case. Evaluations are free and no-obligation, so there is no risk to filling out the form. You can also call us by phone to discuss your case.
We Talk to Your Attorney
Once we get your information, we’ll talk to your attorney to discuss the merits of your case and go over relevant documents and evidence.
We Underwrite the Cash Advance
Our in-house team underwrites the advance and assesses your case based on whether there is a strong chance you’ll get a settlement or judgment.
You Receive Your Money
Once your case is approved, we’ll send you the money, and you can use it to cover any injury-related expenses and obligations.
Pay It Back Only if You Win
After paying your expenses, and only if you win, you’ll pay back the used funds plus interest using proceeds from the settlement.
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Contact Our Offices Today to Discuss Legal Funding Alternatives to Michigan Personal Injury Lawsuit Loans
Personal injury cases can drag on for extended periods, but you might need relief now. Pegasus Legal Capital can help you secure the capital you need so you can continue life while you wait for your due recompense.
When you work with us, you won’t have to face the stress and difficulties of managing your finances post-injury. We’ll keep you informed at every step of the process to keep things as simple and streamlined as possible.
Contact our offices today to learn more about our pre–settlement legal funding alternatives to Michigan personal injury lawsuit loans.
Your pre-settlement funding consultation is free — contact us today!