A lawsuit can bring on unexpected financial challenges. If you’re struggling to pay your daily expenses, pre-settlement funding can help you make ends meet.
All kinds of expenses can arise while waiting to receive a settlement. This can be especially stressful if you’re recovering from an injury.
Since 2007, Pegasus Legal Capital has been providing financial stability for plaintiffs like you. If you’re dealing with medical bills, lost wages, or other expenses while awaiting a settlement, Wisconsin pre-settlement funding can help you stay afloat.
How Does Pre-Settlement Funding Work?
Pre-settlement funding provides financial support to plaintiffs waiting for a lawsuit to settle. Unlike traditional loans, pre-settlement funding is a non-recourse advance based on the potential outcome of your case.
The process typically begins with an application in which you provide details about your lawsuit. Next, the funding company evaluates the strength of your case in collaboration with your attorney. If approved, you’ll receive a cash advance that you’ll only have to pay back if you win or settle your case.
What Are the Benefits of Legal Funding?
Legal funding offers numerous benefits, including:
- Financial relief: It helps you cover essential expenses such as rent, utilities, and medical bills without falling into debt.
- Negotiation leverage: It gives you the ability to decline lowball settlement offers and wait for a fair resolution.
- No risk: Since pre-settlement funding is non-recourse, you owe nothing if you lose your case.
How Is Pre-Settlement Funding Different From a Loan?
Pre-settlement funding differs significantly from traditional loans:
- Non–recourse structure: With pre-settlement funding, you only repay the advance if you win or settle your case, whereas with conventional loans, you must pay the money back regardless of the outcome.
- No credit checks: Approval for legal funding is based on the merits of your case rather than your credit score or financial history.
- No monthly payments: There are no ongoing payment obligations on pre-settlement funding while your case is active.
How Much Pre-Settlement Funding Can I Get in Wisconsin?
In Wisconsin, the amount of pre-settlement funding you can receive typically ranges between 10% and 20% of your expected settlement value. The exact amount will depend on factors such as the estimated value of your case and the probability of a favorable outcome.
How Long Does It Take to Get Approved?
Once you submit your application for pre-settlement funding in Wisconsin, you can expect to be approved within 24 to 48 hours. Pegasus Legal Capital can help expedite the process so you get the funds you need without unnecessary delays.
What Can You Use Pre-Settlement Funding for?
Pre-settlement funding can be used to cover a variety of expenses, including:
- Medical expenses
- Rent or mortgage payments
- Transportation costs
- Childcare expenses
How Do I Qualify for Pre-Settlement Funding in Wisconsin?
To qualify for legal funding in Wisconsin, you must meet the following criteria:
- Active lawsuit: You must be a plaintiff in an ongoing lawsuit with potential monetary compensation.
- Attorney representation: Your attorney must agree to provide case information to Pegasus Legal Capital.
- Strong case merits: Your case must demonstrate a high likelihood of success and a substantial potential settlement based on evidence and legal arguments.
What Types of Cases Qualify for Pre-Settlement Funding?
A variety of cases qualify for pre-settlement funding, including:
- Personal injury
- Car accidents
- Slip and fall accidents
- Medical malpractice
- Product liability
- Workplace injuries
Can My Lawyer Deny Me From Getting Pre-Settlement Funding?
While your lawyer cannot outright deny you from obtaining pre-settlement funding, they may advise against it if they believe it’s not in your best interest. It’s essential to have an open conversation with your attorney about why you’re considering legal funding and whether it’s the right option for you.
Is Pre-Settlement Funding Worth It?
Pre-settlement funding can be a valuable resource when used responsibly. It can provide financial stability and peace of mind during a stressful legal battle. That said, it’s important to weigh the pros and cons before applying.
Why Choose Pegasus Legal Capital?
Pegasus Legal Capital is a trusted provider of pre-settlement funding in Wisconsin. Here’s why:
- Fast approvals: Receive your funds within 24 to 48 hours
- Transparent terms: No hidden fees or confusing contracts
- Expert team: Work with knowledgeable professionals dedicated to your financial well-being
How to Apply for Pre-Settlement Funding in Wisconsin
Applying for pre-settlement funding with Pegasus Legal Capital is simple:
- Send an application: Provide basic information about your lawsuit.
- Attorney collaboration: Allow your attorney to share case details with the funding team.
- Approval: Once approved, you’ll receive your funds promptly.
Contact Pegasus Legal Capital
Encountering unexpected expenses while awaiting a settlement can be overwhelming. But you don’t have to deal with them alone.
Pegasus Legal Capital understands the pressures that plaintiffs face during litigation. If you’re struggling to make ends meet, pre-settlement funding in Wisconsin could be the answer you’ve been looking for.
Call today to find out whether you qualify.