Are you a plaintiff in a New Hampshire lawsuit who is likely to be awarded a settlement? It may take several weeks, months or longer to receive your funds. In the meantime, you probably have bills to pay and other expenses to manage.
Legal funding, also known as pre-settlement funding, can provide the financial support you need during this period. A legal funding company may offer a cash advance against your potential settlement, preventing you from having to wait until the resolution of your case.
You will have immediate access to the funds, which you can use to pay your rent or mortgage, cover medical bills and living expenses or any other purpose.
How Does New Hampshire Legal Funding Compare to a Regular Loan?
Legal funding is different from traditional cause it is not technically a loan — it is a cash advance taken against a forthcoming lawsuit settlement. The advance is typically non-recourse, meaning you are not obligated to repay the money unless and until you win your case and the settlement is large enough to cover the amount advanced.
The ability to receive this type of cash advance in New Hampshire depends on the strength of your case, not your credit history or other financial factors. Since it is a non-recourse transaction, you are not obligated to repay the money if you lose your case. However, since the New Hampshire pre-settlement process is not covered by the state's usury laws — which dictate the maximum loan interest rates — you could end up paying more in interest.
In contrast, New Hampshire loans for lawsuits obtained from a traditional financial institution typically require a credit check. You'll need to make regular payments until you satisfy the loan principal plus interest. If you default on your obligation, the lender could pursue collection activities.
Cases Funded in New Hampshire
Pre-settlement funding is most commonly used in personal injury cases. Examples of typical scenarios where a plaintiff may pursue legal funding before being awarded their damages include:
- Motor vehicle and truck accidents
- Wrongful death
- Slip and fall accidents
- Dog bite lawsuits
- Medical malpractice
- Jones Act (maritime liability incidents)
- Premises liability
- Defective drugs
- Construction site accidents
Restrictions for Legal Funding in New Hampshire
While New Hampshire law does not require you to have an attorney to apply for pre-settlement funding, most funding companies will not approve your application unless you are represented by a lawyer.
Hear from Our Clients
How to Apply for New Hampshire Legal Funding
To apply for a cash advance, contact a reputable New Hampshire pre-settlement funding company and provide details about your case along with your attorney's contact information. The company will review your situation to determine whether you qualify and make a funding offer upon approval.
Why Trust Us for Legal Funding?
At Pegasus Legal Capital, LLC, we understand the urgency of getting the funds you need to pay the bills and maintain your quality of life while waiting for a settlement. We will review your case quickly and make an offer promptly if you qualify to alleviate your financial and mental stress.
When you partner with us, you'll receive reliable service from a reputable business that keeps your best interests in mind. Our process is transparent, and we adhere to the highest ethical standards in every transaction. You will also have access to our network of premier medical and legal resources if you have questions or concerns.
Pegasus Legal Capital, LLC Can Meet Your Funding Needs
Pegasus Legal Capital, LLC can help you get access to the settlement money you're likely to receive via a fast cash advance, often within 24 to 48 hours of approval. Submit an application online or call 855-386-3968 to begin the process.
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Email: info@mylawfunds.com
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Deerfield Beach, FL 33441
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