When lawsuit funding should be used

When lawsuit funding should be used

Lawsuit funding is not for everyone. However, lawsuit funding can be very beneficial to individuals in certain circumstances. Individuals who cannot afford day-to-day expenses often benefit substantially by obtaining “awsuit funding. There are some expenses that individuals must be able to pay for in order to survive and lawsuit funding from Pegasus Legal Funding provides a way to pay for these expenses.

An estimated 60% of individuals who accept legal funding are facing eviction or foreclosure. These individuals benefit greatly from lawsuit funding. Personal injury victims would have a very difficult time trying to manage a lawsuit if their houses foreclosed or if they were evicted. Further, in many cases, they would not be able to get their houses back after they received their settlement. It would simply be too late. Although lawsuit cash advances can be expensive, the interest rates are well worth it for individuals who are about to lose their homes.

Lawsuit funding can also be very beneficial to individuals who are going to have to settle for less than their case is worth because of financial problems. Some defendants will offer a settlement that is not even close to the amount the case is worth. Defendants hope that the individuals will accept the low settlements because they need the money. This tactic often works when used against individuals that do not have the money to keep going without the settlement. Although legal funding may not be worth it for individuals who have received an offer that is close to the value of their case, it is well worth it for individuals who can receive a larger settlement by getting lawsuit funding.

If you need money to get by or to get a bigger settlement, call Pegasus Legal Funding today!

Pegasus Legal Funding has provided financial assistance to injury victims and their families for over fourteen years. There is no credit check and employment is not necessary. The only requirement to apply for litigation funding is a pending lawsuit with merit and a serious financial need. And, because funding is provided on a non-recourse basis, if the plaintiff loses the case, there is no obligation to pay us back. If you have been seriously injured due to the negligence of someone else and need financial assistance, contact us today or complete our free, online application. If we approve your request, we could have your funds in as little as 24 hours. The process is really that simple.

.:About the author:.

Tiffany Sherrill is a paralegal at Pegasus Legal Funding, LLC. Recently Tiffany was the assistant to the General Counsel at PLF with a focus on contract and financial aspects of Litigation Funding. Tiffany is also continuing here education pursuing a Juris Doctor degree.


There are currently no comments on this article.

Enter your comment below. Fields marked * are required. You must preview your comment first before finally posting.