Many personal injury victims wonder if they should apply for lawsuit funding . If you have a pending personal injury lawsuit and need a way to get money, the answer is yes! Lawsuit funding provides personal injury victims with the money they need to pay bills they are behind on. Lawsuit funding can also provide …
How Much Does Legal Funding Cost?
Legal funding companies take a great risk by providing non-recourse cash advances to personal injury plaintiffs. If the plaintiff does not get a settlement, the legal funding company loses the money it invested in the plaintiff’s case. Thus, legal funding rates are typically higher than the interest rates that banks and other traditional lender charge. …
Why Wait for a Bigger Settlement?
Financial hardship often encourages personal injury victims to settle for a smaller settlement in order to get the money sooner. However, legal funding can allow personal injury victims to wait for a bigger settlement. But, why wait for a bigger settlement? REASON 1: You deserve it. Personal injuries take a lot from personal injury victims. …
Approval Amounts
One of the most important things to consider when applying for legal funding is the amount of legal funding the company approves you for. Pegasus Legal Funding provides legal funding as low as $500 to as high as $500,000. The amount individuals are approved for depends on the circumstances of their case. Pegasus Legal Funding …
Why Do I Need to Have a Lawyer for Legal Funding?
In order to receive a lawsuit cash advance from Pegasus Legal Funding, you must have an attorney representing you in your personal injury case. The main reason Pegasus Legal Funding requires personal injury plaintiffs to have an attorney representing them in order to qualify for legal funding is because Pegasus Legal Funding is investing in …
What Types of Cases Qualify for Legal Funding?
Almost any type of personal injury case can qualify for legal funding with Pegasus Legal Funding! Pegasus Legal Funding provides “lawsuit cash advances for many different kinds of personal injury lawsuits. We fund motor vehicle accidents, truck accidents, construction accidents, slip and fall accidents, wrongful death cases, and more. We also provide legal funding for …
When a Lawsuit Cash Advance Is Better Than a Traditional Loan
Traditional loans have lower interest rates than lawsuit cash advances . However, there are other things to take into consideration when deciding between a lawsuit cash advance and a traditional loan. Traditional loans require immediate monthly payments. If you cannot afford to make monthly payments, you should not take out a traditional loan. If you …
Does Legal Funding Encourage Litigation?
Don’t be afraid if you need cash now, call us at 855-386-3968 or apply on our website. Some people claim legal funding encourages litigation and leads to frivolous lawsuits. However, this is not true. Pegasus Legal Funding only provides legal funding to clients who have a pending personal injury lawsuit. Pegasus Legal Funding is not …
History of the Legal Financing
The legal financing industry is a fairly new industry. In fact, legal financing only became common in the past two decades. At first, the legal financing industry was largely unregulated. Unfortunately, some companies took advantage of this situation and caused many people in the legal field to become skeptical about the benefits of the legal …
Why Not Settle?
Many personal injury victims are tempted to accept a settlement that is less than what they deserve because they need money. Many personal injury victims have a lot of expenses that they have to pay for with reduced income. So, accepting a settlement can seem especially appealing even if the offer is not ideal. However, …
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