If you are currently embroiled in a personal injury lawsuit in New York City, it could take months or even years before you see a monetary settlement. In the meantime, you may still have financial obligations to meet, such as medical bills and other injury-related expenses.
Pegasus Legal Capital offers low-risk cash advance pre-settlement funding, so you can access your lawsuit funds when you need them. Unlike New York City personal injury lawsuit loans, legal pre-settlement funding is non-recourse, meaning you only pay it back if you win your case.
We have provided over $500 million in funding for clients across the nation. Applying for legal funding through us is simple and straightforward. Contact us today to discuss options for pre-settlement alternatives to New York City lawsuit loans.
How Does Our Legal Funding Work?
Legal funding is a type of non-recourse cash borrowing that can provide funds for individuals waiting on lawsuit funds. With pre-settlement funding, you receive an upfront cash advance based on the size of the personal injury settlement you expect to receive.
When you get the money, you can spend it on necessities, like housing costs, medical bills, and other expenses. When you receive your settlement, you pay back the amount you borrowed, plus interest.
For example, say you get into a car crash and expect to receive a settlement worth $100,000. If you receive $30,000 in pre-settlement funding, you would pay that amount back and receive a total settlement of $70,000 ($100,000 – $30,000).
Schedule your free consultation today with a personal injury lawyer serving New York City, 855-386-3968
How Is Legal Funding Different From New York City Personal Injury Lawsuit Loans?
Our legal funding options are different from lawsuit loans in a few key aspects:
- No credit check. There are no invasive credit checks or income verification requirements for personal injury legal funding. The only thing that matters is the strength of your personal injury case.
- No monthly payments. Pre-settlement funding doesn’t have any monthly payments or payment schedules. You simply pay back the amount you borrow whenever you receive your settlement.
- No spending restrictions. There are no spending restrictions or limits on cash advances from pre-settlement funding—you can buy what you need, when you need it.
- Non–recourse. Most importantly, with legal funding, you only pay it back if you win your case. If you don’t receive a settlement, you won’t be financially liable for paying. With lawsuit loans, you have to pay them back regardless of the outcome of your case.
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Personal Injury Cases We Fund
We offer pre-settlement legal funding as an alternative to New York City personal injury lawsuit loans for a wide range of cases, including:
- Car accidents. We can provide funding to help cover your lost work income and medical bills after a car accident due to a negligent driver.
- Truck accidents. Pre-settlement can help pay for the extraordinary losses associated with truck accidents while you wait for a settlement.
- Motorcycle accidents. Victims of motorcycle accidents can use pre-settlement funding to pay for extensive medical treatment following accidents.
- Slip and fall accidents. If you’ve been in a slip and fall accident, you can use pre-settlement funding while you file a lawsuit against the property owner.
- Medical malpractice. Pre-settlement funding can also be used to access funds from a medical malpractice lawsuit due to negligence.
- Wrongful death. If your loved one has died in an accident, you can secure pre-settlement funding to get an advance on a wrongful death lawsuit.
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How to Apply for Legal Funding With Us
We make the process of applying for pre-settlement funds as straightforward as possible, so you don’t have to worry about complicated applications:
1. Send Us the Details of Your Case
First, fill out our contact form and send us the details of your case, including the type of case, estimated amount, and any relevant supporting documents.
2. We’ll Talk to Your Lawyer
Once we receive your details, we’ll get in touch with your lawyer to discuss your case’s merits and the odds of receiving a settlement.
3. We’ll Underwrite the Advance
We use advanced technology and experts’ assessments to underwrite your case and determine an appropriate amount of pre-settlement funding.
4. You Receive the Money
Once we approve your advance, we can disburse the money to you via cash, check, direct deposit, or other method. You can use the money to pay for things while waiting for your lawsuit to resolve.
5. You’ll Pay it Back (if You Win)
If and when you receive your personal injury settlement, your attorney will take out the funded amount plus interest, as well as their attorney’s fee. You will then receive the remainder of the funds.
Your pre-settlement funding consultation is free — contact us today!
Contact Us Today to Discuss Legal Funding Options
New York City personal injury lawsuit loans might seem like a good idea when you need money fast, but they carry several risks and unfavorable conditions. Pre-settlement legal funding from Pegasus Legal Capital can give you the financial flexibility and freedom to pay for your necessities without worrying about expensive loan payments.
When recovering from an injury, you need a reliable funding partner you can count on. Contact us online or call today to speak to a knowledgeable team member about options for personal injury pre-settlement funding.
Your pre-settlement funding consultation is free — contact us today!