Texas Legal Funding
As a plaintiff in a legal case, you may wait a long time for resolution, facing various living expenses in the meantime. Legal financing may provide support while you await payment. If you need financing in Texas, Pegasus Legal Capital, LLC can help. We may be able to advance a portion of the amount you expect to receive.
About Legal Funding
This financing option gives plaintiffs an advance on the payment they expect to gain through settlement or judgment. We offer it to those who have already settled their case and are awaiting payment. We also give pre-settlement funding in Texas for ongoing cases. With Pegasus, you can get the money you need within 24 to 48 hours.
Legal Funding vs. Loans
Conventional loans and non-recourse legal financing have several differences, including:
- Repayment: You only repay our non-recourse advance if you receive a settlement or win the case. In contrast, you must repay a loan regardless of the outcome.
- Qualification: Your eligibility for a loan depends on your work history and credit score, while non-recourse advances are based on case details.
- Repayment: When you get a legal funding advance, your lawyer will repay it out of the amount you receive in your case, while you are responsible for repaying loans.
If you're looking for lawsuit loans in Texas, consider applying for a non-recourse advance instead. It has many advantages compared to a traditional loan.
Cases Funded in Texas
We offer cash advances in Texas to plaintiffs in numerous case types, including:
Restrictions for Legal Funding in Texas
At this time, Texas has no laws against third parties offering financial assistance to plaintiffs in court cases. In a 2006 case, Anglo-Dutch Petroleum v. Haskell, a Texas court confirmed that legal funding is generally allowed as long as they do not violate usury laws, securities regulations and public policy.
In some situations, even lawyers can advance money to their clients. This ability is outlined in the Texas Disciplinary Rules of Professional Conduct.
Recently, there have been suggestions for new laws in Texas that would require people to disclose financing to the courts and make the process more transparent. However, none of these proposals have been passed into law yet.
Hear from Our Clients
How to Apply for Texas Legal Funding
At Pegasus, we provide a simple application to give you convenient access to financing. Here's how it works:
- You can apply for funding online or call to start the process.
- Your lawyer completes several forms and sends relevant case information.
- If you meet the requirements, we'll go over the amount and the agreement terms with you.
- You and your attorney will then review and sign the agreement.
- Finally, you'll receive your advance either as a direct deposit or a paper check.
Why Trust Us as Your Source for Lawsuit Funding in Texas?
We are experienced in the state's lawsuit funding process and regulations, enabling us to serve you as you seek financing. Here are a few other reasons you can trust us:
- Commitment to transparency and education
- History of over 15 years of funding plaintiffs
- Access to legal resources and medical help through our extensive network
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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
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