When expenses pile up during a long injury case, you might feel the need to seek out a Virginia personal injury lawsuit loan for quick relief. But traditional loans like these can increase financial risk at a time when stability is crucial.
Pegasus Legal Capital offers a more supportive option through non-recourse legal funding, giving you access to essential funds without credit checks, monthly payments, or personal financial risk.
Since 2007, we’ve helped over 15,000 clients stay financially secure while recovering after an accident. We also help you understand how Virginia lawsuit loans compare to non-recourse legal funding, so you can choose the option that best protects your financial well-being.
Considering a Virginia Personal Injury Loan? Here’s Why Legal Funding Might Be a Better Fit
A Virginia personal injury lawsuit loan might seem like a quick fix when you’re in a tight spot, but like most other consumer loans, lawsuit loans have credit score and employment requirements. Furthermore, if your case doesn’t resolve as you expected, you could be left with monthly payments that put your finances at risk.
Legal funding works differently. Pegasus Legal Capital provides non-recourse pre-settlement funding that looks at the strength of your case, not your credit score or personal finances.
The best part is that you pay nothing back unless your case resolves successfully. Repayment only happens when there is a settlement to draw from.
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How Legal Funding Can Help
Personal injury cases in Virginia can take months, or even longer, to settle. During that time, you could lose income while recovering, and have medical bills and household costs piling up. Legal funding can offer you much-needed support while you wait for your settlement to come through.
Clients use their pre-settlement funding to help with various expenses, including:
- Medical care, therapy, specialist visits, and follow-up treatments.
- Groceries, childcare, utilities, and other daily necessities.
- Rent or other housing payments.
You can also use legal funding to avoid the financial pressure of settling for less than you deserve, and to help keep your overall life stable while you focus on healing from your injuries. It’s a safety net that offers a bit of breathing room without adding more debt, unlike traditional personal injury loans in Virginia.
What Kind of Lawsuits Does Personal Injury Funding Cover?
Legal funding can be a practical resource for many different types of personal injury claims in Virginia. Because it’s based on the strength of your case, not your income or credit history, it can support plaintiffs across a wide range of situations.
Pegasus Legal Capital commonly provides pre-settlement lawsuit funding for the following:
- Car and motorcycle collisions
- Commercial truck accidents
- Slip and fall or other premises-related injuries
- Medical negligence or malpractice
- Workplace accidents
- Maritime and offshore accidents
- Wrongful death claims
If your attorney is pursuing a claim for personal injury caused by negligence in accordance with Virginia law, there’s a strong chance your case may qualify. We’ll review the information your lawyer provides and determine if you qualify and what level of funding fits your situation.
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Pre-Settlement Funding Eligibility
The qualification and application process for pre-settlement legal funds through Pegasus Legal Capital is designed to be simple. The most important requirement is that your attorney must be willing to work with us and share the information we need about your case. If your lawyer agrees and your claim shows a potential for settlement, you may be eligible.
Unlike the process for other Virginia lawsuit loans for personal injury cases, we do not require:
- A credit check.
- Proof of employment.
- Personal financial documents.
- A social security number.
Your pre-settlement funding consultation is free — contact us today!
How Our Legal Funding Process Works
Our process is simple:
1. Contact Our Team
Reach out to let us know you’re interested in a non-recourse loan for your personal injury case. We’ll answer questions and gather a few basic details.
2. We Speak With Your Attorney
Once you give us the go-ahead, we’ll get in touch with your lawyer to learn more about the case and understand the factors that may affect the settlement.
3. We Review the Details of Your Claim
Our underwriting team then looks over the information your attorney provides, using both experience and technology to determine whether funding can be offered.
4. You Review the Terms With Your Attorney
If approved, you and your lawyer will receive an offer written in clear, straightforward language so you know exactly what to expect.
5. You Get the Funds
Once everything is signed, your funding is delivered by e-check or bank wire, whichever method works best for you. Depending on your case, you could receive same-day pre-settlement funding.
Find Relief With Virginia Personal Injury Lawsuit Funding
Recovering from an injury is hard enough without worrying about rent and medical bills, or keeping food on the table. Pegasus Legal Capital has provided over $500 million in non-recourse funding to people waiting for their settlements.
If you have further questions, check out our FAQs page or get in touch to see how we can help you stay financially steady during your personal injury claim.
Your pre-settlement funding consultation is free — contact us today!