If you’re involved in a personal injury case in Nevada and struggling financially while waiting for your settlement, you might be searching for Nevada lawsuit loans. Pegasus Legal Capital provides a better alternative to lawsuit loans.
We offer non-recourse pre-settlement funding, which means you only repay us if your case wins. Traditional loans from banks or lenders require repayment regardless of your case outcome. They check your credit score, verify your employment, and demand monthly payments even if you lose your lawsuit.
Our pre-settlement funding works completely differently because we assume the risk instead of you. We advance money based on your case’s potential value, and we only get repaid from your settlement proceeds if you win.
Pre-Settlement Funding vs. Personal Loans
Personal loans from banks or credit unions require good credit scores, steady employment, and regular income. Lenders evaluate your ability to make monthly payments based on your personal finances. If you’re unable to work due to your injuries, getting approved for a personal loan becomes difficult or impossible.
Pre-settlement funding doesn’t require credit checks, employment verification, or proof of income. We evaluate your case, not your personal finances.
If you’re unemployed due to your injuries, it doesn’t matter to us. We’re looking at whether your lawsuit has value and is likely to result in compensation. Your ability to repay comes from your settlement, not your paycheck.
Interest rates and payment structures also differ significantly. Personal loans charge monthly interest and require regular payments starting immediately. Miss a payment and you damage your credit score. Pre-settlement funding charges fees that accrue over time, but there are no monthly payments and no impact on your credit.
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Eligibility Requirements and Case Types
Your lawyer must be willing to work with us and give us the information we need about your case for approval. Cases with clear fault and big damages usually get more money and faster approval.
We give pre-settlement funding for many case types, like:
- Nevada personal injury lawsuits: We offer non-recourse legal funding for motor vehicle accident cases, slip and falls, and other personal injury claims. This type of funding is safer than Nevada lawsuit loans.
- Nevada labor law lawsuits: In some states, we can offer pre-settlement funding for labor law settlements, especially in industries with special workers’ compensation laws. Our cash advances help workers who are waiting on settlements under state labor laws.
- Nevada FELA lawsuits: If you’re a railroad worker pursuing a FELA claim, Pegasus can provide fast, risk-free legal funding while your case progresses.
- Nevada wrongful death lawsuits: If you have lost a loved one and the insurance company is dragging its feet, don’t suffer further. Pegasus Legal Capital can help you cover expenses while you pursue compensation.
- Nevada medical malpractice lawsuits: Medical malpractice claims can take years to resolve. You need money now, and we can provide it upfront. You only need to repay it if you win.
Using Funding to Strengthen Your Negotiating Position
Insurance adjusters are trained to identify financially desperate plaintiffs. They look for signs that you need money quickly, such as growing medical debt, missed work, or mounting bills. Once they identify financial stress, they use it against you by making low offers and delaying negotiations. They know desperate people accept inadequate settlements.
When you have pre-settlement funding, you signal to the insurance company that you’re not desperate. You can afford to wait for a fair offer because your immediate needs are covered. This changes how adjusters approach your case. They realize their usual pressure tactics won’t work, which often leads to better settlement offers earlier in the process.
Your attorney also benefits from your improved negotiating position. Lawyers want to get you maximum compensation, but they also understand when clients can’t wait any longer due to financial hardship. When you have funding, your attorney can reject inadequate offers without worrying about your ability to hold out.
The Advantage of Waiting for More
Consider a typical scenario. Without funding, you might accept a $75,000 offer after six months because you’re facing eviction and your car is being repossessed. With funding covering your needs, you can wait another six months for the insurance company’s $150,000 offer.
Even after repaying your funding advance and fees, you walk away with significantly more money than if you’d settled early out of desperation.
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About Pegasus Legal Capital
Pegasus Legal Capital has provided pre-settlement funding solutions since 2007, serving over 15,000 clients nationwide. We’ve funded more than $500 million in advances to personal injury plaintiffs who needed financial support while their cases progressed through the legal system.
As a member of the American Legal Finance Association, we follow industry standards and ethical practices. This membership demonstrates our commitment to transparency and fair treatment of clients. Unlike brokers who add extra fees, we’re a direct funder, which means you work with us from application through funding without intermediaries taking a cut.
Working with Pegasus Legal Capital is risk-free. You only repay us from your settlement proceeds, and only if you win. If your case doesn’t result in a recovery, you keep the money we advanced and owe us nothing. This non-recourse structure protects you from financial risk during an uncertain time.
Your pre-settlement funding consultation is free — contact us today!
What Happens to Your Funding If Your Case Goes to Trial
Your funding remains in place throughout the trial process. You don’t need to repay anything until your case fully resolves, whether through settlement or verdict. If your case goes to trial and you win, the funding gets repaid from your verdict amount just as it would from a settlement. If you lose at trial, you owe nothing under our non-recourse agreement.
Trials typically take longer than settlements, which means your funding fees accrue for a longer period. However, cases that go to trial often result in higher compensation than settlement offers. The additional compensation can more than offset the extended funding period.
Your attorney will discuss with you whether taking your case to trial makes sense. Factors include the strength of your evidence, the defendant’s behavior, the insurance company’s settlement offers, and your willingness to wait longer for resolution. Having pre-settlement funding gives you the option to go to trial without financial desperation forcing you to settle.
A Better Option than a Nevada Lawsuit Loan
If you’re searching for Nevada lawsuit loans but want the security of non-recourse funding, contact Pegasus Legal Capital for a free consultation. We’ll explain exactly how our cash advances work, what amount you might qualify for based on your case, and how quickly you could receive funds.
Your pre-settlement funding consultation is free — contact us today!