Typically Pegasus Legal Funding can approve or deny a personal injury victim’s application for legal funding within twenty-four hours. However, sometimes it takes longer to approve a case. The main reason for this delay is missing information.
Once a personal injury victim fills out an application with Pegasus Legal Funding, the request goes to the underwriters. The underwriters are the ones that decide whether the personal injury victim will qualify for funds with Pegasus Legal Funding. If the underwriters request information, it is best to get them the information as soon as possible. The sooner the underwriters receive the information, the sooner they can process the request. If the underwriters do not get all the necessary information, they will have to deny the application.
Often personal injury victims get in all the information the underwriters request. However, the underwriters also have to get certain information from the personal injury victim’s attorney. Attorneys often get busy and put off sending in the information to the underwriters. The attorneys may not understand how urgent the client’s need for money is. Pegasus Legal Funding will often send more than one request for information from the attorney, but still not receive the required information. In order to speed up the process, it is often necessary for the personal injury victim to talk to his attorney about his need for the legal funding. The attorney works for the personal injury victim, not Pegasus Legal Funding. Thus, the attorney will often send the information faster if the personal injury victim asks the attorney to send the information. Once the information is sent to Pegasus Legal Funding , the underwriters can process the request and get the money to the personal injury victim.
Pegasus Legal Funding has provided financial assistance to injury victims and their families for over fourteen years. There is no credit check and employment is not necessary. The only requirement to apply for litigation funding is a pending lawsuit with merit and a serious financial need. And, because funding is provided on a non-recourse basis, if the plaintiff loses the case, there is no obligation to pay us back. If you have been seriously injured due to the negligence of someone else and need financial assistance, contact us today or complete our free, online application. If we approve your request, we could have your funds in as little as 24 hours. The process is really that simple. .:About the author:. Tiffany Sherrill is a paralegal at Pegasus Legal Funding, LLC. Recently Tiffany was the assistant to the General Counsel at PLF with a focus on contract and financial aspects of Litigation Funding. Tiffany is also continuing here education pursuing a Juris Doctor degree.
