When You might Need Financing
There are a variety of reasons why people turn to lawsuit funding companies. In most cases these individuals are disabled or were injured causing them to file a lawsuit. They are counting on this lawsuit to pay for their medical expenses and other bills, but need some sort of financial backing in the meantime to cover the day to day expenses. If it looks like your litigation is going to take a while or you have financial responsibilities building up, getting legal funding can help.
What are Lawsuit Cash Advances?
A pre-settlement funding is available to those with ongoing court cases and who need money for life’s expenses . These do not require any type of collateral, but instead are considered to be an advance on the settlement you will get when your case is settled. These loans are provided by companies that lend money based on the nature of your lawsuit, the case status and the estimated value of the settlement you will receive. Most companies will only offer loans if your settlement is sure to cover the expense, ensuring that you will not wind up in more debt when you tried to get help.
Requirements to Apply
When you apply for legal financing you need to have a bit of information available, though the specifics will vary from company to company. Some companies charge fees for consultation, but most offer this service free of charge. You will need to provide information about the status of your case and the financial situation that is causing you difficulty so the company can evaluate your needs as well as the likelihood that you will be able to pay this loan back without any trouble. Your status will help to determine your eligibility for non-recourse funding in addition to other options.
Going with a Trustworthy Company
Pegasus Legal Funding LLC prides itself on its solid reputation. Unlike other companies, we do not offer lawsuit loans which you will need to pay back regardless of the outcome of your case. But with a Pegasus you have non-recourse options, which means if you lose your case you do not have to pay us back for the money we advanced to you. So you can use your settlement to pay these back instead of going into debt. We strive to offer quick and reliable service so you can get the financial assistance you need quickly without worrying that you are signing up for a loan that will only become a burden. We want to build a relationship with our clients so you feel as though you can talk to us about your financial situation so we can provide the best possible solution.