There are no credit checks with a legal loan, no worries about your credit score. Call Pegasus for your lawsuit cash today at 855-386-3968. Many personal injury victims’ credit scores decrease substantially before they are able to receive their personal injury settlements. There are many reasons why this happens. First, personal injury victims are often out of work. Thus, they often have difficulty paying their bills. Their credit starts getting hit as soon as they miss a couple payments. The longer it takes to get a settlement, the more payments they miss. It doesn’t take long before their credit has taken a significant hit.
Another reason personal injury victims’ credit suffers is because they often try to make up for the loss of income by maxing out their current lines of credit. The more debt they put on credit cards, the more their credit score decreases.
Once there are no more credit cards to max out, many individuals will attempt to get new lines of credit. Individuals who try to get new credit cards will often end up will new hard inquiries on their accounts from having their credit checked. This automatically decreases the individual’s credit score. Further, many personal injury victims do not have good credit because they have missed payments while they were dealing with their injury and do not get approved for the credit cards. Loans also typically require credit checks which can decrease the individual’s credit score. Further, most loans require a consistent income which may not be available since many personal injury victims are out of work. Thus, attempts at getting new lines of credit often result in a decreased credit score and no extra money for personal injury victims.
Pegasus Legal Funding provides a better way. Pegasus Legal Funding provides cash advances without any credit checks. Thus, applying for funding from Pegasus Legal Funding does not affect your credit. Further, even if you are approved, funding from Pegasus Legal Funding does not affect your credit. Pegasus Legal Funding offers non-recourse cash advances instead of loans. So, the cash advance does not show up on your credit report is because it may not have to be paid back. Unlike a loan, repayment is completely conditional. If you do not get a settlement in your case, you do not have to pay back the cash advance. This means that your credit is not affected at all.
If you have a personal injury case and want to protect your credit score during the process, call Pegasus Legal Funding today.
.: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.