A car accident can result in prohibitive medical bills and time away from work. If you’re struggling to make ends meet in the aftermath of a crash, car accident pre-settlement funding can help you get by.
It can take months or even years to settle a car accident lawsuit. If your case is taking longer than expected, you may feel overwhelmed by mounting expenses.
Since 2007, Pegasus Legal Capital has provided more than $500 million in legal funding. If you’re struggling to pay your bills while awaiting a car accident settlement, Oregon car accident pre-settlement funding can help you stay afloat.
What Is Car Accident Pre-Settlement Funding?
Car accident pre-settlement funding is a type of cash advance you receive while you wait for your personal injury case to conclude. Unlike a traditional loan, this funding is non-recourse, meaning you only repay the funds if you win or settle your case. You can use the money for urgent expenses such as:
- Medical bills
- Rent or mortgage payments
- Utilities and other household costs
- Groceries and transportation
- Childcare or school expenses
Personal injury pre-settlement funding can alleviate financial stress and empower you to hold out for a fair settlement for your car accident.
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Who Qualifies for Car Accident Pre-Settlement Funding in Oregon?
To be eligible for car accident pre-settlement funding in Oregon, you typically must have:
- A pending case: You can only apply if you are actively pursuing compensation for injuries caused by someone else’s negligence.
- Legal representation: An attorney must be handling your personal injury claim
- Strong odds of compensation: Pegasus will evaluate liability, damages, and your likelihood of recovery before approving your application.
How to Apply for Car Accident Legal Funding in Oregon
The process of applying for car accident legal funding in Oregon involves these steps:
- Submit your application: Provide basic details about your accident, injuries, and legal representation.
- Attorney cooperation: Your lawyer will share relevant case information with Pegasus
- Case review: Pegasus will review liability, damages, and your expected settlement amount.
- Approval and funding: If you’re approved, your funds will be deposited directly into your bank account.
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How Long Does Car Accident Pre-Settlement Funding Take?
One of the biggest benefits of pre-settlement funding is how quickly you can obtain it. In many cases, once your application is approved, you can receive your advance in as little as 24 to 48 hours. The exact waiting period will depend on:
- How quickly your attorney provides case documentation
- The complexity of your claim
- The funding amount you’re requesting
Without pre-settlement funding, you could have to wait months or even years for your car accident case to be resolved.
Your pre-settlement funding consultation is free — contact us today!
Will Pre-Settlement Funding Affect Your Credit?
No, pre-settlement funding will not impact your credit score. Since it is not a traditional loan, there are no credit checks or employment verifications. Approval is based solely on the strength of your car accident case.
Why Do I Need a Lawyer to Apply for Pre-Settlement Funding?
Your lawyer plays a critical role in the legal funding process by:
- Verifying your case: Your attorney confirms that you have a valid pending claim.
- Sharing documentation: They provide Pegasus with necessary records, such as police reports and medical bills.
- Handling repayment: When your case settles, your lawyer will pay Pegasus directly from your settlement funds.
Without the involvement of a car accident lawyer, funding companies won’t be able to confirm your case’s value or secure repayment.
Is Pre-Settlement Funding a Good Idea?
Whether pre-settlement funding is right for you depends on your financial situation and the strength of your case. Many victims of motor vehicle accidents find it helpful because:
- It provides fast relief: You can cover bills and expenses without waiting for your car accident case to conclude.
- It reduces financial pressure: With funding in place, you can let your attorney fight for a fair settlement instead of accepting the first offer you receive.
- It carries no risk: If you lose your case, you owe nothing.
Why Pick Pegasus Legal Capital?
With so many funding companies out there, choosing the right one matters. Injury victims choose Pegasus Legal Capital for these reasons:
- Quick approvals: You can receive funding quickly, sometimes within 24 to 48 hours of approval.
- No hidden fees: We offer transparent terms so you know exactly what to expect.
- Flexible funding amounts: Whether you need a small advance or a larger sum, Pegasus will tailor your funding to your needs.
- Client-first approach: Pegasus is committed to providing clear communication and personalized support throughout the funding process.
Above all, Pegasus Legal Capital provides the support you need to stay focused on your health and your car accident case.
Apply for Pre-Settlement Funding Today
If you’ve been injured in a car accident and are waiting for your case to settle, you may be struggling to meet your day-to-day needs. Oregon car accident legal funding from Pegasus Legal Capital enables you to cover your expenses and hold out for the maximum possible settlement.
Don’t let financial stress force you into accepting a low settlement. Call now to apply for pre-settlement funding and get the relief you need.
Your pre-settlement funding consultation is free — contact us today!