Are you likely to win your pending lawsuit in New Mexico? While you may receive a settlement or award, you'll need to wait for the resolution of your case. In the meantime, you might need help covering living expenses and keeping up with the bills.
Legal funding, which is also called lawsuit funding or pre-settlement funding, can come to your financial rescue in these challenging circumstances. This process enables you to obtain a cash advance against a future financial settlement, which you can use for any purpose.
How Does New Mexico Legal Funding Compare to a Regular Loan?
Lawsuit funding is different from a traditional loan you might obtain from a financial institution like a bank or credit union in several ways.
When you take out a loan, you typically need to repay it in regular installments over a set period. You still have this obligation even if you lose your case and the settlement falls through.
In contrast, a New Mexico lawsuit funding cash advance is a non-recourse transaction. You can keep the money even if your suit is unsuccessful without the obligation to repay.
Additionally, applicants for New Mexico loans for lawsuits have to demonstrate their creditworthiness to qualify. Legal funding companies don't use credit when determining eligibility. Instead, they weigh the strength of your case and the likelihood of a successful settlement.
Cases Funded in New Mexico
Plaintiffs in personal injury lawsuits are most likely to have access to legal funding cash advances. These cases involve situations where one person's negligence, intentional acts or failure to take appropriate actions cause harm to another individual.
Common personal injury lawsuit scenarios include:
- Slip and fall mishaps
- Car, truck and motorcycle accidents
- Medical malpractice
- Injuries from animal bites
- Use of defective products
- Wrongful death
- Premises liability
- Work-related accidents
Restrictions for Legal Funding in New Mexico
New Mexico has not implemented any laws that regulate or restrict lawsuit funding. However, most New Mexico pre-settlement funding companies require applicants to have attorney representation to ensure proper repayment at settlement time. The attorney can also provide information regarding the strength of the case that assists the company when assessing the risk and determining eligibility.
Hear from Our Clients
How to Apply for New Mexico Legal Funding
To determine if you qualify for funding, locate a reputable pre-settlement company and complete the application. Depending on the provider, you can complete the process online or over the phone. You'll need to include basic personal information and the details of your lawsuit, along with your attorney's contact information. The company will evaluate your case and, upon approval, provide a funding offer for your review.
Why Trust Us for Legal Funding?
Pegasus Legal Capital, LLC is an experienced pre-settlement funding provider that has earned the trust of clients across New Mexico. We understand that waiting for a legal settlement can be a stressful time. We're committed to making the process as fast and seamless as possible.
We're proud to be an ethical funding company that prioritizes every client's well-being. You will have access to legal and medical resources throughout the process to address your questions or concerns in these crucial areas. We focus on being upfront with our clients, which allows you to move forward with your cash advance transaction with confidence and peace of mind.
Pegasus Legal Capital, LLC Can Meet Your Funding Needs
At Pegasus Legal Capital, we can provide reliable, transparent funding solutions to help you meet your financial obligations while waiting for a settlement. We can often deliver a case decision in six hours or less and provide funding within 24 to 48 hours of approval. Submit an application online or call 855-386-3968 to begin the process.
PAGES
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
NEWSLETTER
Sign up to receive FREE information and helpful tips on pre-settlement loans, litigation financing and funding solutions at no obligation.