At Pegasus Legal Funding LLC , it is relatively simple qualifying for lawsuit cash advance. We consider certain minimal basic requirements while accepting litigation funding applications. The initial benchmarks to qualify are enumerated below:
1. An attorney must have been hired by the applicant on contingency fee agreement. This would mean that your attorney is agreeing to work for you and get paid from out of the settlement proceeds of your lawsuit. If an award is not passed in your favor, your attorney does not get paid either. Pegasus can assist in locating an attorney if the facts of your claim are clear and concise and merit a legal. In addition, you can contact the Bar Association of your state, if you need help finding a competent attorney. Alternatively, you can visit the website of the Bar association and then they can provide you a list of attorneys for you to choose from.
2. Your lawsuit must cover a personal injury since we do not provide lawsuit funding for cases involving only property damage.
3. The defendant you institute the lawsuit against ( the individual you are suing and generally his/their insurance company) should be capable of paying an eventual award in your favor
4. The lawsuit funding transaction must be agreed to by your attorney and repay Pegasus from out of the award. The lawsuit funding agreement should be signed by your attorney, which in fact is to your advantage. Your attorney is expected to have reviewed the funding agreement and advised you suitably. If you find a legal funding company not insisting on the involvement of your attorney, you must anyway get the agreement reviewed by your attorney.
The focus of Pegasus Funding is to help you minimize the financial pressure resulting from your lawsuit, by putting the cash in your hands through legal funding. Our legal finance service will help you clutch the cash you badly need as the case winds through what could potentially be a couple of years or more.
Generally, the defendants have deep pockets and may not show any hurry to arrive at a settlement or make a fair payment to you. However, as the plaintiff you may be finding it difficult to make both ends meet. The major objective of legal funding is to help you wait for a decent settlement rather than hurry through and accept too little.
Pegasus Legal Funding , is in effect creating a level playing field. Lawsuit funding helps you buy time without compromising your immediate financial needs. Consequently, your attorney has adequate time to work towards a fair settlement/judgment. Lawsuits can cause serious financial drain and it takes anywhere between 2 and 3 years before a personal injury case or workers compensation case is decided in the court. Life has to go on during this period, particularly if you are injured or out of work. Thankfully, companies like Pegasus Funding offering Legal cash advances can lessen your burden. Lawsuit cash advance is essentially a part of the projected settlement well ahead of the possible settlement. The best part of this type of funding unlike a lawsuit loan is that in the extreme event of your losing the lawsuit, you keep the cash we gave you and owe us nothing. Traditional lawsuit loans require credit and background checks and it does not matter if you win or lose your case, you will be expected to pay back the lawsuit loan.
Although legal proceedings tend to be time consuming and complex, the lawsuit cash advance process at Pegasus is simple enough and quick. If you would like to know if you are eligible for a lawsuit funding submit our online application or call toll free us: 855-FUND-YOU / 855-386-3968
.: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