While you might be on the verge of a favorable lawsuit settlement in New Jersey, it could be a while until you actually receive the funds. In the meantime, you still have to pay your bills and provide for your family.
Lawsuit funding can deliver the ideal solution for your situation. Also known as pre-settlement funding, this process provides plaintiffs in a lawsuit with a cash advance against a potential settlement. You won't have to wait for the resolution of your case to get the funds you need to meet your financial obligations.
How Does New Jersey Legal Funding Compare to a Regular Loan?
While New Jersey loans for lawsuits and pre-settlement funding can both provide cash before your case settles, they are different types of financial instruments.
Lawsuit funding is a non-recourse financial arrangement, not a traditional loan. You receive the money as a cash advance, which you don't have to pay back if you ultimately lose your case. If you win, the payment comes from the settlement or jury award, not your personal funds.
Obtaining New Jersey pre-settlement funding does not require a credit check or a review of your financial history, and you won't have to provide collateral.
If you opt for a regular loan instead of lawsuit funding, you will need to pay the principal and interest over a set period, typically in monthly installments. You're obligated to repay the full amount whether you win or lose your case. Additionally, you'll have to meet the lender's credit requirements and other qualifications.
Cases Funded in New Jersey
Lawsuit funding in New Jersey typically applies to settlements involving personal injury. This area of the law pertains to cases where an individual suffers harm due to another individual's negligence, intentional actions or failure to act.
Examples of cases that may qualify for funding include:
- Slip and fall accidents
- Medical malpractice
- Car, truck and motorcycle crashes
- Dog bite lawsuits
- Senior living facility abuse
- Injuries caused by defective products
- Wrongful death
- Pedestrian accidents
Restrictions for Pre-Settlement Funding in NJ
In New Jersey, there are no restrictions or limitations regarding how you spend the money obtained via pre-settlement funding. You can use it to pay your mortgage, take care of medical bills, buy food and clothing or any other purpose.
You will likely need attorney representation to be eligible for legal funding. Your lawyer will oversee the repayment process from the settlement and ensure the funding arrangement does not negatively impact the legal proceedings.
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How to Apply for New Jersey Legal Funding
To obtain this funding, contact a legal funding company and complete an application. You'll need to provide the details of your case and your attorney's contact information. The company will review your application and make a funding offer upon approval.
Why Trust Us?
When you choose Pegasus Legal Capital, LLC as your pre-settlement cash advance source, you have access to more than 15 years of experience providing crucial funding to personal injury victims across New Jersey and nationwide. We'll work with you to design a contract that fits your unique circumstances. Depending on the details of your case, we can provide funding that helps to alleviate your financial burden.
We prioritize fast, fair decisions. Our support goes beyond extending cash advances — we also provide access to affordable medical and legal resources for additional guidance if needed. Our processes are transparent, and we adhere to the highest ethical standards to ensure your confidence and peace of mind.
Pegasus Legal Capital, LLC Can Help With Lawsuit Funding in NJ
At Pegasus Capital, we assist lawsuit plaintiffs in obtaining legal funding, often within 24 to 48 hours after application approval. Call 855-386-3968 or fill out our quick online application form.
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Toll Free: 1-855-386-3968
Email: info@mylawfunds.com
Address:
800 Fairway Drive Suite 440
Deerfield Beach, FL 33441
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