Legal Funding in California
Legal funding allows California plaintiffs to benefit from their settlements during an ongoing case or before the defendant pays damages. You can apply for lawsuit funding in California through Pegasus Legal Capital, LLC. We provide competitive non-recourse advances and interest rates for numerous types of cases.
What Is Legal Funding in California?
As a court case proceeds — or in the time between reaching and receiving a settlement — plaintiffs' financial needs persist. Legal funding is a cash advance that you can receive as the plaintiff of an ongoing court case or prior to receiving payment for damages. When you qualify for a lawsuit cash advance, you receive a lump sum and can use it immediately for any purpose. Legal funding is a non-recourse borrowing option, meaning you repay what you borrowed with interest only if you win your case.
There are two types of legal funding — pre-settlement and post-settlement. A pre-settlement loan advance is one you receive while the lawsuit is active, while a post-settlement advance is possible after reaching a settlement but before receiving payment.
How Does California Legal Funding Compare to a Regular Loan?
Pre-settlement lawsuit advances are similar to pre-settlement loans in California, but lawsuit funding advances are non-recourse borrowing options. A loan would require you to repay the balance plus interest in all situations. A lawsuit cash advance only requires repayment if you win your case. The non-recourse nature reduces risk and provides reassuring financial stability.
Cases Funded in California
Legal funding is available for various types of cases in California. You can learn more about what we fund online before applying. Some of the most common qualifying circumstances for lawsuit funding include:
- Motor vehicle or tractor-trailer accidents
- Premises liability
- Labor law violations
- Medical malpractice
- Construction negligence
- Wrongful death
Restrictions for Legal Funding in California
California allows plaintiffs to pursue legal funding with little restriction. One technical but not legal exception is that, in the Northern District of California, some judges may require the plaintiff to disclose a litigation funder's identity during class action suits.
How to Apply for California Legal Funding
Pegasus offers an intuitive process for receiving post-settlement advances or pre-settlement funding in California. You can apply online or call 855-386-3968. After receiving your case details from your attorney, we will contact you to discuss an agreement.
Why Rely on the Pegasus Team for Legal Funding?
As one of the most reputable legal funding companies in California, we understand the processes, laws and personal experiences that drive our industry. With more than 15 years in business, we have helped many plaintiffs through the legal process by offering the funds they need prior to decision or payment.
By combining our expertise with a steadfast commitment to our clients' needs, we can point readers in the right direction. Just as we provide funding without recourse, we provide useful information to readers at any stage of their research process. Whether you are ready to discuss your case details with our staff or are still considering ways to navigate your legal needs, you can trust Pegasus to provide impartial, experience-driven information.
Contact Pegasus Legal Capital
With Pegasus Legal Capital, you can enjoy greater financial stability and peace of mind while anticipating a court settlement. Our non-recourse legal funding has helped numerous clients in California. Call 855-386-3968 or fill out our quick online application form.
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Email: info@mylawfunds.com
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800 Fairway Drive Suite 440
Deerfield Beach, FL 33441
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