Pegasus Legal Funding can help
Call us now at 855-386-3968 or complete the online application to receive your lawsuit loan today. Our company provides financial assistance in times of need when you apply with us, legal funding can help you in times of need and financial stress. It only take a few minutes to apply for a lawsuit funding, it is quick and easy. Just pick your phone and call us today and have your settlement loan tomorrow.
Pegasus Legal Funding understands that when a person is injured, their income is almost always dramatically reduced due to their inability to work, this is where a legal funding can help fill in the gaps between paychecks and help you pay medical bills.. If they are eligible to receive workers compensation or disability benefits, the proceeds are typically only a fraction of their normal earnings. Additionally, there may be out-of-pocket medical expenses associated with their treatment, such as insurance deductibles and non-insured procedures. Legal funding may be an injured parties last resort to make themselves whole and stave off eviction, loss of a car, or even eviction. Depending on a plaintiff’s financial resources and the length of his or her disability, many people will require financial assistance during this period, legal funding can be provided as installments over the course of the lawsuit and the plaintiffs medical treatment. Many people approach friends and family for loans, but these resources are typically limited (if they exist at all). People are typically unable to borrow money from traditional lending sources such as banks because they are temporarily or permanently out of work due to their injuries and are therefore unable to make their necessary monthly payments. Additionally, and most importantly, traditional lending sources do not consider a plaintiff’s claim as acceptable collateral.
Legal Funding can help when your personal resources do not have the means to help
In many cases, if a person is unable to borrow from family, friends or traditional lending sources, they may turn to their attorney for financial help. It is an ethical violation of the Code of Professional Responsibility governing the conduct of lawyers knows as “maintenance and champerty” for an attorney to loan money to his or her client. If the plaintiff cannot find a source of funds, he or she may be forced to settle his or her claim for significantly less money than the claim truly justifies due to their pressing need for funds. With a reliable source of funds to meet the plaintiff’s necessary obligations, both client and attorney are afforded the patience and leverage to hold out for a “fair” and often higher recovery. This is where legal funding can allow those adversely affected to hold out for a fair settlement. They can obtain an award that is based on the actual merits of the case and that is NOT affected by the immediate cash needs of the plaintiff. In most cases, by the time a plaintiff is referred to Pegasus Legal Funding, he or she is often behind on payments such as rent/mortgage, automobile, credit cards, utility bills, property taxes, etc…
Pegasus Legal Funding’s goal is to help clients meet their basic living expenses and financial obligations throughout the duration of their case. By assisting people in creating realistic budgets and needs assessments during the underwriting process, Pegasus Legal Funding seeks to limit the cash advance amount needed by the plaintiff and thereby protect the amount of the net recovery to them from the future lawsuit settlement or award. This philosophy makes the Pegasus Legal Funding an important and responsible provider of cash advances for both plaintiffs and their attorneys.
.: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