Personal injury cases often take months to settle. If you’re experiencing financial difficulties while awaiting the resolution of a case, personal injury pre-settlement funding can help you stay afloat.
If you’ve been injured in an accident in Florida, you’re likely dealing with more than just physical pain. Medical bills, lost income, and daily living expenses can create overwhelming financial stress while you wait for your personal injury case to conclude.
Since 2007, Pegasus Legal Capital has been providing financial support to eligible plaintiffs. If you’re struggling to make ends meet while awaiting a settlement, Florida personal injury pre-settlement funding can help you pay your day-to-day expenses.
What is Personal Injury Pre-Settlement Funding in Florida?
Pre-settlement funding, also known as legal funding, provides a plaintiff with immediate access to funds based on the anticipated value of their lawsuit’s settlement. Unlike traditional loans, this type of funding is non-recourse, meaning you only pay us back if you win your case.
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Who Qualifies for Personal Injury Legal Funding in Florida?
To qualify for personal injury pre-settlement funding in Florida, you must have a pending personal injury lawsuit and a licensed attorney representing you. Additionally, Pegasus Legal Capital must determine that you have favorable odds of receiving a sizable settlement.
Unlike traditional loans, your credit history or employment status does not affect your eligibility for legal funding.
How Do I Borrow Money from a Pending Lawsuit?
The process for obtaining personal injury legal funding in Florida involves these steps:
- Application: You send an application to Pegasus Legal Capital.
- Attorney involvement: Your attorney provides case details for evaluation.
- Approval: If you’re approved, Pegasus offers you an advance based on a percentage of your expected settlement.
- Disbursement: Once the agreement is finalized, the funds are transferred to you.
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How Much Personal Injury Pre-Settlement Funding Can I Get?
The amount of pre-settlement funding you can receive will depend on your anticipated settlement amount. That said, most funding providers offer advances worth 10% to 20% of your expected settlement.
Factors that can influence the exact amount you receive include the severity of your injuries, the clarity of liability, and the overall strength of your case.
Your pre-settlement funding consultation is free - contact us today!
How Long Will It Take to Receive My Personal Injury Pre-Settlement Funding in Florida?
The approval process for pre-settlement funding is designed to be fast. Generally speaking, you can expect to receive your funds within 24 to 48 hours of approval.
How Can I Spend My Pre-Settlement Funding?
Pre-settlement funding can enable you to address many pressing expenses, such as:
- Medical bills
- Groceries
- Housing payments
- Legal costs
- Transportation
- Childcare
Types of Cases That Qualify for Pre-Settlement Funding
Florida personal injury legal funding is available for various types of personal injury cases, including:
- Car accidents
- Slip and falls
- Medical malpractice
- Product liability
- Wrongful death
Why Would Pre-Settlement Funding Be Denied?
Pre-settlement funding can be denied for several reasons, including insufficient evidence to support your case, lack of cooperation from your attorney, or a low likelihood of a successful settlement.
Is Pre-Settlement Funding Worth It?
Pre-settlement funding offers numerous benefits for plaintiffs dealing with economic challenges. It provides immediate financial relief, allowing you to cover essential expenses while waiting for your case to settle. Additionally, since repayment is contingent upon winning your case, legal funding poses no financial risk.
By reducing financial stress, pre-settlement funding can enable you to focus on your recovery and your case.
Can My Lawyer Deny Me from Getting Pre-Settlement Funding?
While your lawyer cannot deny you legal funding, they play a critical role in the approval process, as funding providers require their cooperation to verify case details. For this reason, it’s crucial to consult your lawyer before applying for pre-settlement funding.
How Many Times Can You Borrow from Your Settlement?
You can typically borrow from your settlement as many times as needed, provided your lawsuit is still pending and the funding provider approves each advance. Each new pre-settlement funding request is evaluated based on the current status and strength of your case.
Each advance will reduce the amount you receive from your eventual settlement, so it’s important to only borrow what you need.
Can a Personal Injury Settlement Be Garnished in Florida?
Florida law generally protects personal injury settlements from garnishment, but there are exceptions. For instance, settlements may be garnished to satisfy child support obligations or unpaid federal taxes.
Your attorney can clarify whether your settlement can be garnished.
Why Choose Pegasus Legal Capital?
Pegasus Legal Capital takes pride in providing Florida residents with personal injury pre-settlement funding. Here’s why you should choose us:
- Competitive rates: We offer transparent funding rates tailored to your needs.
- Fast approval: You can expect to receive your funds within 24 to 48 hours of approval.
- No credit checks: Your financial history doesn’t affect your eligibility.
- Risk-free funding: You only repay us if you win your case.
Contact Pegasus Legal Capital
At Pegasus Legal Capital, we understand the financial hardship plaintiffs face while waiting for their personal injury cases to settle. That’s why we’re committed to providing fast, risk-free personal injury pre-settlement funding in Florida.
Call today to find out whether you qualify.
Your pre-settlement funding consultation is free - contact us today!
