Car Accident Pre-Settlement Funding in Rhode Island

A car accident can leave you with significant medical bills and many other expenses. If another driver’s negligence caused your injuries, you have the right to pursue legal action. A personal injury lawyer can help file your claim and hold the other driver accountable for your damages.

However, it may take months before your claim runs its course and you see the compensation you deserve. Meanwhile, your debts can pile up, and you might feel pressure to take a settlement below what you’re owed. Rhode Island car accident pre-settlement funding can bring you relief and help prevent these unwanted outcomes.

Pegasus Legal Capital has served over 15,000 clients since 2007. We are your trusted legal funding partner. Call today for your free consultation and learn more about how our car accident pre-settlement funding can give you freedom and peace of mind during your legal process.

What Is Pre-Settlement Funding for Car Accident Claims?

Pre-settlement funding is a type of non-recourse cash advance available while your lawsuit is still ongoing. It doesn’t require monthly payments, and you only repay the advance if your case is successful. If you don’t win or settle, you owe us nothing.

This funding is designed to help you cover everyday expenses like rent, medical bills, or groceries during what can be a long legal process. It can reduce financial pressure so that you don’t feel forced to accept less than you are owed due to pressing money concerns.

Personal injury pre-settlement funding gives you financial breathing room when you need it most without the risks that come with traditional borrowing. The amount you may receive is based on the strength of your case and the estimated value of your potential settlement.

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What Are the Benefits of Pre-Settlement Funding?

Rhode Island pre-settlement funding for car accident claims can offer significant support while your lawsuit is still pending. The main benefits include:

Fast access to cash: Funds are often available 24 to 48 hours after approval.
No repayment if you lose: Because the funding is non-recourse, you only repay if your case ends in a settlement or win.
No credit or job checks: Approval is based on your case, not your credit score, financial profile, or employment status.
Clear and simple terms: Our process is straightforward, with transparent fees and repayment details.
No monthly payments: Since repayment is only after a settlement or judgment, you don’t have to worry about monthly loan payments while your case is ongoing.

How Do You Qualify for Car Accident Pre-Settlement Funds?

To qualify for car accident pre-settlement funding in Rhode Island, you must meet a few important criteria.

You must be involved in an active legal case not yet resolved through a settlement or court decision.
There should be a reasonable chance of success, meaning your case is likely to result in a settlement or a favorable verdict.
You must have legal representation, as we work directly with your attorney to assess the case and handle repayment through the settlement.
Your attorney will need to provide details such as injury reports, medical treatment records, and legal paperwork to help us evaluate the claim’s value.
Your credit history and employment status are not considered during approval.

If your case qualifies, we typically complete reviews within a few hours, and approved applicants can often receive your automobile accident lawsuit funding within one to two business days.

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How Much Funding Can You Get?

The amount of pre-settlement funding you can receive varies widely based on the specifics of your case. Pegasus Legal Capital has provided funding of up to $6 million in certain circumstances.

The exact amount depends on factors like the strength of your claim, the stage of litigation, and the likelihood of a favorable settlement or judgment. The current estimated value of your case is considered as well.

The ability to secure extensive funding based on your case instead of your financial situation is one of the major advantages of non-recourse vs. recourse debt.

Your pre-settlement funding consultation is free — contact us today!

How Can You Use Your Pre-Settlement Funds?

You can use your pre-settlement funds for a variety of personal and financial needs while you wait for your case to resolve, including:

Medical bills and ongoing healthcare expenses related to your injury or illness
Living expenses such as rent, mortgage, utilities, groceries, and other day-to-day costs
Attorney costs or court-related expenses during your case
Transportation costs for travel to medical appointments or court appearances
Managing existing debts to avoid credit problems while you wait for your settlement
Unexpected expenses or financial emergencies

Get Car Accident Pre-Settlement Funding in Rhode Island

Going through a personal injury lawsuit or claim is never easy. Even when it’s obvious you are in the right, and even with the best of attorneys, the process can still be long and frustrating. It takes time, a luxury you may not have when you can’t work and the bills keep coming.

You have options. Car accident pre-settlement funding in Rhode Island gives you a way to cover your expenses while your case is still pending without taking unnecessary risks. You’ll have the freedom to hold out for the settlement or award you deserve.

At Pegasus Legal Capital, we’ve provided more than $500 million in funding to injured people since our founding in 2007. We are here to help you make ends meet during your long and difficult legal ordeal. Call today for your free consultation to learn more about how we can serve you or to start the application process.