Our Legal Settlement Cash Advance Process
At Pegasus Legal Capital, LLC, we offer a convenient way for you to receive an advanced payment on funds from a legal settlement. Our pre-settlement and post-settlement funding can provide non-recourse funds in as little as 24-48 hours.
What Is Legal Settlement Funding?
Legal settlement funding is an advance payment that a plaintiff can receive while awaiting compensation from a legal settlement. There are two types of legal funding for plaintiffs — pre-settlement legal funding and post-settlement legal funding.
Pre-settlement lawsuit funding is an advance payment based on the likely outcome of a case. Pegasus reviews ongoing cases to administer pre-settlement funds based on the likely outcome.
Post-settlement legal funding provides cash equal to the amount specified in the settlement agreement, allowing the plaintiff to receive compensation before the defendant submits the payment.
Cash Advances Versus Loans
A legal funding advance is different from a loan in that it is a non-recourse funding option. A loan from a lender differs from pre- and post-settlement funds in these ways:
- Security: The recipient of a cash advance only owes money if the legal team reaches an agreement and when the defendant provides the payment. A lender will require repayment whether or not the plaintiff receives a settlement.
- Value: The amount a plaintiff can receive through a legal funding advance is based on the details of their case. On the other hand, a lender bases a loan amount on factors like credit score and income.
How Does Non-Recourse Settlement Funding Work?
When you receive approval, we will send you an advance payment equaling up to the amount you will earn in a settlement. The money is yours to use immediately. Then, when you reach or receive a settlement, we will work with your attorney to collect repayment from the settlement. Our cash advances are available as pre-settlement funding loans and post-settlement payments.
Types of Cases Eligible for a Non-Recourse Cash Advance
We offer non-resource cash advances before and after reaching a settlement for the following types of cases:
- Motor vehicle accidents
- Truck accidents
- Labor law
- Construction negligence
- Railroad worker safety
- Marine worker safety
- Premises liability
- Slip and fall accidents
- Wrongful death
- Medical malpractice
Benefits of Non-Recourse Settlement Advances
Legal funding advances provide financial and mental relief for plaintiffs awaiting compensation:
- Financial relief: You can receive the funds you need to afford bills and expenses.
- Immediate funding: The payment will arrive within days of applying instead of months after filing your grievance or weeks after reaching a settlement.
- Dependable compensation: Upon approval, you will receive money regardless of your case's outcome and will only owe money back if you win your case.
How to Apply for Pre-Settlement Lawsuit Funding or a Post-Settlement Payment
Here's how it works:
- Apply in minutes using the online application or by calling 855-386-3968
- Have your attorney complete a few forms to provide police reports, medical documents, insurance information, bills and other essential information to us.
- If you qualify, we call you to discuss how much we can advance you and the terms of the agreement.
- We’ll send your attorney the agreement for review.
- You and your attorney sign and acknowledge the terms of the agreement and return it to us.
- Receive your advance as a direct deposit to your bank account or a paper check with overnight delivery.
Why Trust Pegasus?
With over 15 years of experience, Pegasus is the top choice for pre- and post-settlement funding. We've worked with hundreds of law firms and thousands of cases, funding plaintiffs based on the details of their cases instead of their credit history. We can make a decision in four to six hours in some instances once we receive your information. Review our testimonials to see how we've helped.
Contact Pegasus Legal Capital
For more information on our plaintiff funding advance payments or to begin the application process, please contact us online or call 855-386-3968 today!
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CONTACT US
Toll Free: 1-855-FUND-YOU
Toll Free: 1-855-386-3968
Email: info@mylawfunds.com
Address:
800 Fairway Drive Suite 440
Deerfield Beach, FL 33441
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