Legal Funding By State
Legal funding, also called lawsuit loans or pre-settlement funding, allows those awaiting the outcome of their personal injury lawsuit to access a cash advance. Pegasus Legal Capital, LLC provides pre- and post-settlement funding nationwide, which can be paid back from your future settlement if you win the case.
Every state has its own laws, regulations and restrictions regarding legal funding. What's permitted in one region may be prohibited in another. Here is an overview of states where pre-settlement funding is available and those where it may be more challenging to obtain or unavailable.
States Where Pegasus can provide Pre-Settlement Funding
Pre-settlement funding can be provided in the following states. Apply to Pegasus to find out if you are eligible.
- Alaska
- Arizona
- California
- Colorado (with restrictions)
- Connecticut (with restrictions)
- Delaware
- Florida
- Georgia
- Hawaii
- Idaho
- Louisiana
- Massachusetts
- Michigan
- Mississippi
- Missouri
- Montana
- Nevada
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina (with restrictions)
- North Dakota
- Ohio
- Pennsylvania
- Rhode Island
- South Dakota
- Texas
- Utah
- Vermont
- Virginia
- Washington
- Wisconsin
- Wyoming
States Where Legal Funding Is Prohibited or Heavily Restricted
It's important to note that although we provide legal funding across the country, this form of financing is not available in all states. Some laws and regulations either prohibit or significantly limit its practice due to concerns over exploitation or fairness. At Pegasus, we are committed to honest and transparent practices that assist our clients during their time of need.
The following states either ban the practice of pre-settlement financing or highly regulate lawsuit funding, making it difficult to access:
- Alabama
- Illinois
- Indiana
- Iowa
- Kansas
- Kentucky
- Maine
- Maryland
- Minnesota
- Nebraska
- Nevada
- Oklahoma
- South Carolina
- Tennessee
- Utah
- Vermont
- West Virginia
Hear from Our Clients
FAQs About Nationwide Legal Funding
If you're considering pursuing legal funding in your state, here are some FAQs from Pegasus Legal Capital to get you started.
How Much Financing Can You Get From a Lawsuit Loan?
Funding is not based on factors like credit score or monthly income. Instead, we look at the details of your case to inform our funding decision. Depending on the case, you could qualify for $500 to $6 million in funds.
When Should You Seek Pre-Settlement Funding?
Pre-settlement funding is an excellent option if you find yourself in any of the following situations while awaiting a settlement payment:
- You're having difficulties affording your living expenses.
- You can't work due to injuries, such as a spinal condition.
- Your insurance does not fully cover your medical expenses.
- You feel pressured to settle due to the length of the trial.
How Can You Spend Your Legal Funding?
Legal funding can be spent on nearly anything you need to manage while waiting for your case to settle. Most people use their cash advance to cover:
- Rent or mortgage
- Living costs
- Medical or rehab expenses
- Buying groceries
- Child care costs
- Home or auto repairs
Trust U.S. Legal Funding Solutions From Pegasus
If you're unsure whether you can acquire pre- or post-settlement funding in your state, we invite you to contact the team at Pegasus Legal Capital. For over 15 years, we have provided critical financing solutions to thousands of people across the country.
We offer a fast application review and funding process. Simply apply online and have your attorney forward some requested documentation. You will receive our decision in a matter of hours.
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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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