Lawsuits often take a long time to settle. If you’re experiencing financial hardship while awaiting a settlement, pre-settlement funding can help you meet your daily needs.
Numerous expenses can arise while a case is pending. If this has happened to you, you may be worried about how to handle your daily expenses.
Pegasus Legal Capital has been providing financial assistance to plaintiffs since 2007. If you’re struggling to pay your bills as you wait for a case to settle, Massachusetts pre-settlement funding can help you cover your expenses.
What Is Pre-Settlement Funding?
Pre-settlement funding is a cash advance against potential future settlement funds. Unlike with traditional loans, you only repay the funds if you win your case.
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How to Apply for Pre-Settlement Funding in Massachusetts
The process for obtaining pre-settlement funding in Massachusetts involves these steps:
- Application: Fill out an application and send it to Pegasus Legal Capital.
- Case review: Pegasus will collaborate with your attorney to evaluate your case’s strength.
- Approval: If you’re approved, you’ll receive an offer detailing the terms of your funding.
- Disbursement: Once you accept the offer, the funds will be transferred directly to your account.
Who Qualifies for Legal Funding in Massachusetts?
To be eligible for Massachusetts legal funding, you must meet these criteria:
- You must have an ongoing legal case with a potential monetary settlement.
- An attorney must represent you.
- Your case must have merit, as determined by Pegasus Legal Capital.
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How Much Pre-Settlement Funding Can I Get in Massachusetts?
The amount of pre-settlement funding you can receive in Massachusetts depends on your financial needs and the estimated value of your case. That said, advances typically range from 10% to 20% of the expected settlement amount.
Your pre-settlement funding consultation is free - contact us today!
Benefits of Massachusetts Legal Funding
Pre-settlement funding offers several benefits, such as:
- No–risk financing: If you lose your case, you don’t owe anything.
- Immediate relief: You can access your funds quickly to cover urgent expenses.
- No credit checks: Your credit score and financial history are not considered.
- Leverage in negotiations: Legal funding can enable you to avoid settling your pending case for an unfair amount.
Pre-Settlement Funding vs. Traditional Loans
Pre-settlement funding differs from traditional loans in several crucial ways:
- Non-recourse: You don’t repay the advance if you lose your case.
- No credit check: Approval is based on your case’s merit rather than your credit history.
- No monthly payments: Repayment occurs only after your case resolves, with no interim payments required.
Types of Cases That Qualify for Pre-Settlement Funding
Many different types of legal claims can qualify you for pre-settlement funding in Massachusetts, including:
- Personal injury (such as car accidents or slips and falls)
- Medical malpractice
- Workers’ compensation
- Product liability
- Wrongful death
How Long Will It Take to Get Legal Funding in Massachusetts?
The approval process for legal funding is typically fast. Once Pegasus Legal Capital approves your application, you can expect to receive your funds within 24–48 hours.
How Can I Use My Pre-Settlement Funds?
There are no restrictions on how you use pre-settlement funding. Common uses include:
- Medical bills
- Housing payments
- Childcare
- Groceries
- Car payments or repairs
How Does Repayment Work?
Repayment of pre-settlement funding occurs once your case is settled or you receive a judgment. The agreed-upon amount is deducted from your settlement proceeds before you receive your share. If you lose your case, you owe nothing.
Can My Lawyer Stop Me From Getting Pre-Settlement Funding?
While your attorney can’t deny you from obtaining pre-settlement funding, their cooperation is essential to the process. Funding companies like Pegasus Legal Capital rely on attorneys to provide case details. For this reason, it’s important to notify your lawyer before applying for legal funding.
What if I Lose My Case?
If you lose your case, you won’t owe anything. Since pre-settlement funding is non-recourse, your obligation to repay the funds is contingent on you winning or settling your case.
Is Pre-Settlement Funding a Good Idea for Me?
Legal funding can be useful if you’re struggling to meet financial obligations while waiting for your case to settle. However, it’s important to ensure the funding aligns with your long-term financial goals. Your attorney can help you make an informed decision.
Why Pegasus Legal Capital?
Pegasus Legal Capital is a leading provider of pre-settlement funding in Massachusetts. Here’s why plaintiffs choose us:
- Experience: Our team has a long track record of helping clients meet their financial needs during challenging times.
- Fast processing: Receive your funding within 24–48 hours of approval.
- Transparent terms: You won’t have to deal with hidden fees or unclear terms—just fair, straightforward agreements.
Contact Pegasus Legal Capital
If you’re struggling financially while waiting for your settlement, you may feel pressure to accept a lowball offer. Pegasus Legal Capital can provide the financial support you need to fight for the compensation you deserve.
Our team is committed to offering fast, risk-free pre-settlement funding with clear terms and exceptional service. Call us today to take control of your financial future.
Your pre-settlement funding consultation is free - contact us today!
