Financial challenges often arise in the midst of a personal injury case. If you’re struggling to make ends meet, a personal injury pre-settlement loan can help you do so.
If you’re pursuing a personal injury claim, unexpected expenses may arise before you receive your settlement. In this scenario, it’s natural to feel overwhelmed.
Since 2007, Pegasus Legal Capital has been providing financial assistance to plaintiffs like you. If you’ve encountered financial hardship while awaiting a settlement, Texas personal injury pre-settlement funding can help you meet your day-to-day needs.
What Is Pre-Settlement Funding?
Pre-settlement funding is a financial arrangement in which plaintiffs receive cash advances against their potential settlements. Unlike traditional loans, this type of funding is non-recourse, meaning repayment is only required if you win your case.
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How Does the Pre-Settlement Funding Process Work?
The process for obtaining Texas personal injury legal funding is as follows:
- Application submission: You submit an application to Pegasus Legal Capital.
- Attorney collaboration: We speak with your attorney to review your case’s details and evaluate its potential value.
- Approval and offer: Once you’re approved, Pegasus will offer an advance based on the estimated value of your settlement.
- Funds disbursement: Upon accepting the offer, you’ll receive your pre-settlement funds.
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Am I Eligible for Personal Injury Pre-Settlement Funding in Texas?
Eligibility for pre-settlement funding depends on:
- Pending lawsuit: You must have an active personal injury claim.
- Attorney representation: A qualified attorney must represent you.
- Case strength: Pegasus Legal Capital must determine that you have favorable odds of winning your case and receiving a substantial settlement.
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Why Might Pre-Settlement Funding Be Denied?
Pre-settlement funding applications can be denied for several reasons, including:
- Weak case: Insufficient evidence or low odds of winning may result in denial.
- Insufficient settlement: Cases with limited potential settlement amounts may not qualify.
- Non-cooperative attorney: If your attorney is unwilling to provide necessary information, your application for legal funding may be denied.
Your pre-settlement funding consultation is free - contact us today!
How Much Pre-Settlement Funding Can I Get in Texas?
The amount of pre-settlement funding you can receive in Texas depends on the estimated value of your settlement. That said, funding companies typically provide 10% to 20% of your potential settlement.
How Long Does Approval Take?
Once you submit an application for pre-settlement funding, you can expect to be approved within 24–48 hours. However, this timeline will depend on the complexity of your case and your attorney’s responsiveness.
What Can I Use Pre-Settlement Funding For?
You can use pre-settlement funding for a variety of expenses, including:
- Medical bills
- Rent or mortgage payments
- Utilities
- Groceries
- Transportation costs
- Legal fees
How Does Repayment Work?
Repayment is contingent on the outcome of your case. If you win or settle, repayment is made directly from your proceeds.
What Happens If I Lose My Case?
Pre-settlement funding is non-recourse. If you lose your case, you owe nothing.
Types of Cases That Are Eligible for Pre-Settlement Funding
Various kinds of personal injury cases qualify for pre-settlement funding, such as:
- Motor vehicle accidents
- Workplace injuries
- Medical malpractice
- Premises liability
- Product liability
Can My Lawyer Deny Me from Getting Pre-Settlement Funding?
While your lawyer can’t deny you from seeking pre-settlement funding, their cooperation is essential to the approval process. If you’re considering applying for legal funding, be sure to consult them first.
Why Choose Pegasus Legal Capital?
Pegasus Legal Capital is a leading provider of personal injury pre-settlement funding in Texas. Here’s why:
- Transparent terms: With Pegasus Legal Capital, you won’t encounter hidden fees or unexpected charges.
- Fast approvals: Our streamlined process allows you to access funds quickly when you need them most.
- Client-centered approach: We work closely with you and your attorney throughout the legal funding process.
- Proven track record: Pegasus Legal Capital has a track record of helping clients navigate financial challenges during their cases.
What Is the Average Settlement for a Personal Injury in Texas?
Settlement amounts for personal injury cases in Texas can vary widely based on factors such as injury severity, medical expenses, lost wages, and pain and suffering.
While minor cases may settle for a few thousand dollars, severe injuries can result in six or seven-figure settlements. Your attorney can provide a clearer understanding of your case’s value.
How to Apply for Pre-Settlement Funding in Texas
To apply for pre-settlement funding in Texas with Pegasus Legal Capital, follow these steps:
- Submit an application: Provide your case details and contact information.
- Attorney communication: Allow your attorney to share information about your case with the funding team.
- Receive your funds: Once you’re approved, your funds will be disbursed.
Contact Pegasus Legal Capital
If you’re in need of financial support during your personal injury case, Pegasus Legal Capital is here to help. Our team understands the challenges plaintiffs face, and we’re dedicated to providing the resources you need to move forward.
Choosing the right funding partner is a critical step in this process. With Pegasus Legal Capital, you’ll gain access to a trusted ally committed to transparency, efficiency, and personalized service. We can ensure you have the financial stability to pursue the justice you deserve.
Call today to learn about whether you qualify.
Your pre-settlement funding consultation is free - contact us today!
