When you are being awarded with Non-recourse funds, you are completely safe in the sense that there are no risks associated with availing money in that manner. We are taking the losses on your behalf if you should lose the case. In order for your settlement to be concluded by the court it could take a good while and you typically must wait until that conclusion to receive your award.Your attorney fees, medical expenses, and other compensation will be cumulatively paid as one big settlement amount as cash or check for you, when the case ends in your favor after a couple of years or so. If you lose, then what can you do about the money that you are borrowing from us? Legal Funding offered to you here is not to be repaid when you lose the case. Yes, it is hard to believe but absolutely true that you need not repay the amount that you received as a cash advance from us as Non-recourse financing. It means you will repay the amount with interests in and only if you are winning your case.
Professionals at Your Disposal
Legal funding facts pertaining to personal injury cases are to be well known ahead of your application to the cash advance. It is only then you will know better on what is to be expected out of the funding firm. Relevant documents that are needed to be submitted along with the application form are to be sent in order for the application to be approved. Defendant’s insurance details and the pertaining papers are to be submitted for the approval. Similarly, the funding contract has to be signed to get the complete funds sanctioned. The funding contract has to be signed by the attorney as well as the applicant. Once you read and agree to the terms and conditions stated there in the contract you cannot change it later on.
Money in Hand Readily
You will accept the interest rates and the mode of repayment stated in the agreement. Make sure that you understand all the terms and conditions mentioned or else get clarification from the attorneys. The funds that you receive from us will just be a part of the settlement, approximately 10 to 15% of the expected settlement amount. This money readily available can be very helpful, it may save you late fees on your bills, and also alleviate stress with the help of the cash advance that you get. Get your legal finance funds now.
.:About the author:.
James Sheridan is the Contracts Manager at Pegasus Legal Funding LLC and is responsible for the final stage of the funding approval process. James focus and priority is delivering to PLF’s clients the funds they need as quickly as possible