Pegasus Legal Funding realizes personal injuries create a lot of expenses. However, Pegasus Legal Funding also realizes personal injury victims have a lot of day to day expenses that are not related to their injuries. Personal injury victims typically rely on their income to pay mortgage/rent payments, utility bills, groceries, and more. When the personal injury victim is out of work recovering from their injuries, the bills still need to be paid. Further, personal injury victims often have children they have to provide for.
Pegasus Legal Funding realizes that money for bills alone would not be very beneficial to personal injury victims. Many personal injury victims need money for living expenses. It is estimated that over 60% of clients receiving legal funding use the funds to prevent foreclosures or evictions from their homes. Although mortgage payments and rental payments are not directly related to the personal injury, they are a necessary expense for personal injury victims.
Personal injury settlements are to put people in the position they were in before the accident. However, personal injury victims should not have to live in poverty until they receive their settlement. Pegasus Legal Funding does not place any restrictions on the cash advances they provide to personal injury victims. Pegasus Legal Funding allows the victims to use the money in any manner they choose. The personal injury victim can use the money for medical bills, groceries, school fees, or anything else they need to use the money for. Personal injury victims did not do anything wrong. They should not have to pay for the mistakes of the defendants. They should be able to keep the same standard of living that they had before they were injured and Pegasus Legal Funding allows them to do so.
.: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.