For Personal Injury Plaintiffs
A personal injury lawsuit takes a long time before a final judgment . Pegasus Legal Funding bridges the gap during the waiting for the settlement award so bills can be paid. Plaintiffs involved in a personal injury lawsuit cannot work because of their injuries. As a result, they do not have the means to make enough money for their medical bills, monthly obligations and daily expenses. Pegasus offers personal injury lawsuit funding, which is a form of investment that gives plaintiffs solutions aside from traditional kinds of financing such as lawsuit loans.
Defense lawyers as well as insurance companies know that plaintiffs cannot wait for a long time for a settlement . They may delay the process intentionally in order to gain advantage in the settlement negotiations. These defense attorneys make low offers as part of their strategy. They know litigants are strapped for cash and they will accept whatever amount of settlement because of their desperation.
From another person’s viewpoint, there are many reasons why lawsuits take a long time to resolve. Defendants may not be even aware that they are using this type of strategy. One example would be a defendant could not make a settlement until the litigant finishes his or her medical treatments.
Legal funding offers litigants another financial option but at a higher price. Making a final decision is difficult. Careful planning and research are required in order to make a sound decision. Litigants should consult their lawyers or other financial advisers before reaching a final decision.
Questions to Ask Before Getting a Legal Funding
These are some of the questions you should ask before you get a litigation funding.
• Are there any other options? Very few options could force defendants or insurance companies to act quickly. Even if your win is evident, defendants will prolong the case as much as possible. Accidents and injuries leave people unfit to work. Litigants have a hard time paying their monthly obligations as well as their medical bills. Without legal financing, litigants did not have any financial options.
• Will I get more money in the end if I use legal financing and funding? This is the most essential question you must ask before you take this kind of financial transaction. Know the costs and benefits of a lawsuit funding before deciding to take it. Sometimes, litigants end up with nothing after their settlement because they used the amount to pay back legal funders. Their lawsuits took a long time before it was finalized, which is why their financial assistance is more costly.
Legal funding is expensive. Therefore, litigants should use this as a last resort. They should find other ways to ask for financial aid. They have to take it after serious considerations. Sometimes, it is more worth it to settle than asking legal funders for financial assistance because they are costly.
If you feel that a lawsuit cash advance would be right for you and would like to apply with Pegasus Legal Funding, please complete the online form or call us toll free. The number is 855-386-3968 / 855-FUND-YOU
Then submit an online application or for faster service call today for a free evaluation
.: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