You are considering Massachusetts personal injury lawsuit loans as you proceed with your case against someone who harmed you. Check out the pre-settlement funding options available to those involved in personal injury lawsuits.
Legal funding works differently from a traditional loan, as it gives you the freedom to borrow against your projected personal injury case settlement.
Pegasus Legal Capital is proud to be your trusted legal funding partner. Our team has served more than 15,000 clients, including many who have been interested in Massachusetts lawsuit loans.
Let us teach you about our legal funding options, how they work, and their benefits. Contact us for more information.
Are Massachusetts Personal Injury Lawsuit Loan Options Worth Your Time?
Personal injury lawsuit loans in Massachusetts can appear beneficial to plaintiffs who want money immediately. Yet, when you consider all of your options for getting money right away, you may quickly discover why pre-settlement funding is a superior choice.
Some of the reasons why plaintiffs in the middle of personal injury cases choose legal funding over lawsuit loans include:
Instant Financial Relief
The process to get a personal injury lawsuit loan from a bank or credit union can take weeks or months. If you request pre-settlement funding, you should expect a personalized quote hours later.
Once you approve your quote, your legal funding company can have your money to you as soon as the next day.
Seamless Application Process
It can be time-consuming to provide all of the required information for a legal loan. Comparatively, you can complete the legal funding application in minutes.
All you have to do is share your contact information and details about your personal injury case. You also have the flexibility to submit your application materials over the phone or online.
How much money you get if you request a legal loan can depend on your credit score and income history. Meanwhile, you can receive lawsuit funding ranging from a few hundred dollars to several million.
There are no restrictions on how you use your pre-settlement funding. If your case is successful, only then will you have to pay back your legal funding company.
As you weigh the pros and cons of personal injury lawsuit loan options versus pre-settlement funding, talk with the team at Pegasus Legal Capital. We can share legal funding FAQs and resources with you. If you decide that now’s the time to apply for pre-settlement funding, we’re here to help. Reach out to us to learn more.
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What the Process of Getting Legal Funding for a Massachusetts Personal Injury Lawsuit Entails
Evaluate your Massachusetts litigation funding options carefully. If you’re on the fence about Massachusetts personal injury case lawsuit loans, speak with legal funding professionals. When you do, you can get insights into why pre-settlement funding is ideal for plaintiffs in personal injury cases. Plus, you can start the legal funding application process without delay.
Generally, applying for personal injury case lawsuit loans in Massachusetts will likely require you to provide your credit score and undergo a review of your income history.
This isn’t the case with non-recourse cash advances. If you apply for one of these, your legal funding company looks solely at your personal injury case to determine how much money it can offer.
You are required to have a personal injury lawyer serve as your legal representation if you want to obtain legal funding. Your attorney will handle communications between you and your pre-settlement funding company. Furthermore, if you receive compensation in your personal injury case, your lawyer will repay your legal funding on your behalf.
How to Repay Massachusetts Legal Funding
Those who get a Massachusetts personal injury legal loan will have to make payments on it until their outstanding balance is paid in full. On the other hand, a non-recourse cash advance is dependent on the outcome of a personal injury case. This means repayment is necessary if a plaintiff secures compensation.
If you get money in your personal injury case and received lawsuit funding previously, your lawyer will deduct what you owe your non-recourse cash advance company from your settlement. After your attorney does this, you’ll receive the remainder of your settlement.
Of course, there are no guarantees in personal injury cases. If you sue, don’t get money for the harm that you’ve suffered, and were given legal funding, there’s no reason to stress about your finances.
Your lawyer will notify your lawsuit funding company about your case outcome. Next, the business will clear your balance, and you can keep your legal funding without any penalties.
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Reap the Benefits of Massachusetts Legal Funding
At first glance, personal injury legal loans in Massachusetts may seem like they’re too good to be true. But keep in mind that before you can receive a lawsuit loan, you’ll probably have to get a credit check and an assessment of your income.
On top of that, you’ll have to pay your loan back, regardless of whether you are compensated in your personal injury case.
Pegasus Legal Capital is a leading provider of pre-settlement funding, which is a viable alternative to personal injury legal loan options.
To date, we’ve given out more than $500 million to plaintiffs awaiting settlements. Allow us to serve as your lawsuit funding company. Discuss our personal injury legal funding options with us.
Your pre-settlement funding consultation is free — contact us today!