Many clients ask us what is the interest rate on a Lawsuit Cash Advance In fact our rates are the lowest in the industry, ranging from 1 percent to 3 percent. The actual interest rate of the Lawsuit Cash Advance is determined by the strength of the applicant’s lawsuit. For example, if a client seeks a personal injury Lawsuit Cash Advance with very minor injuries and the liability is in question, Pegasus may approve the client for a Lawsuit Cash Advance with an interest rate of 3 percent. However if a client seeks a personal injury Lawsuit Cash Advance that has suffered major injuries and has a very strong basis, Pegasus will be able to approve the client for a personal injury Lawsuit Cash Advance with an interest rate of 1 percent.Importantly, Pegasus Legal Funding LLC will let you know the exact interest rate along with the amount of the Lawsuit Loan you are approved for before you make the decision of whether you would like to continue with the process of signing the contract. Lawsuit Funding from Pegasus Legal Funding LLC is easy – If for any reason you are not happy with the amount of the Lawsuit Loan and the interest rate you are approved for, there is no obligation to continue – absolutely free of charge! Litigation financing can help you get the lawsuit funding that you need, without waiting for a payout from your legal settlement. In many instances it is litigation financing that makes it possible for individuals to obtain crucial financing sooner rather than later, making payment of urgent bills possible.
There are many ways to spend your litigation financing loan. Many people use it to pay medical bills or other expenses as a result of the injuries received. You may also use the lawsuit cash advance to cover expenses that you cannot pay for otherwise due to the inability to work as a result of your injuries. Litigation financing can be defined as borrowing money until you receive funding from your settlement. The positive to lawsuit cash advance, is that to the consumer, it is essentially risk free, as if you do not receive your settlement funds, you will not need to repay the litigation financing; this is one of the most important differences between lawsuit cash advance and a bank loan, as a bank loan must be repaid regardless of the outcome, whereas in this case, if you lose your case you do not need to repay the lender. This is of course very risky for the lender and as a result there are some basic requirements.
There are some obligatory requirements, which should be carried out in order to receive litigation funding. The cash advance should be ensured that the defendants will not file or has ever filed for bankruptcy. Moreover, cooperation from your attorney (in terms of delivering materials pertinent to the case) is crucial so that Pegasus could review the case. Before being provided with lawsuit cash advance for any legal procedure a review take place to decide whether the case will justify funding.
Pegasus Legal Funding LLC is a successful provider of lawsuit cash advance and accepts a variety of legal cases. Litigation funding concerning various cases, such as: personal injury cases, commercial, malpractice and medical cases is available. Approval for lawsuit cash advance takes several hours as you can complete an online application, to be reviewed as soon as possible. Upon approval of your lawsuit cash advance application, you can receive your check as soon as the following day.
.: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