FAQs
+ What is pre-settlement funding?
Pre-settlement funding is a financial agreement that gives plaintiffs access to funds before their case is settled in the form of a non-recourse cash advance.
The cash is advanced based on the overall strength of your pending lawsuit claim or settlement.
If you don’t win your case, you do not have to repay the cash advance.
If your lawsuit is successful, the cash advance will be repaid from your settlement proceeds along with an agreed-upon fee.
If you have a pending legal claim and you need access to funds today, don’t wait for your case to settle. Cover the costs of medical bills, lost wages, and out-of-pocket damages by securing a lawsuit cash advance today.
If you have a pending legal claim and you need access to funds today, don’t wait for your case to settle. Cover the costs of medical bills, lost wages, and out-of-pocket damages by securing a lawsuit cash advance today.
+ How quickly can I get a settlement advance?
Pegasus Funding can provide same-day pre-settlement advances, often referred to as pre-settlement loans, in the form of a cash advance in as little as two hours.
Although not technically a loan, a lawsuit settlement advance is non-recourse, meaning that if you lose your case, you keep your advance and owe nothing.
The settlement advance is based on the details of your case. Pegasus Funding can make a decision within two hours after receiving the required information about your pending legal claim from your attorney.
+ How much funding can I receive with a settlement advance loan?
Pre-settlement funding amounts are based on the strength of your case and can vary on a case-to-case basis.
The in-house lawyers and underwriters at Pegasus Funding assess a predictive value to your case based on the details you share along with your attorney.
Pegasus Funding can provide immediate funding from $500 to $6,000,000.
+ What types of legal funding cases does Pegasus Legal Capital cover?
Pegasus Funding funds a variety of legal case types including:
Car Accident Lawsuits
- Motorcycle Accident Lawsuits
- Truck Accident Lawsuits
- Construction Accident Lawsuits
- Slip and Fall Accident Lawsuits
- Jones Act (Maritime) Lawsuits
- FELA (Railroad) Train Lawsuits
- Medical Malpractice Lawsuits
- Wrongful Imprisonment Lawsuits
- Police Brutality Lawsuits
+ Which states does Pegasus Funding cover?
- Alabama
- Alaska
- Arizona
- California
- Connecticut
- Delaware
- District of Columbia
- Florida
- Georgia
- Hawaii
- Idaho
- Louisiana
- Massachusetts
- Michigan
- Mississilii
- Montana
- New Hamlishire
- New Jersey
- New Mexico
- New York
- North Dakota
- Ohio
- Oregon
- liennsylvania
- Rhode Island
- South Dakota
- Texas
- Virginia
- Washington
- Wisconsin
+ Do I need an attorney to apply for pre-settlement funding?
Yes, you need an attorney before you can seek out pre-settlement funding.
Pegasus Funding will work with your attorney to ensure we have reviewed all the facts of your pending legal claim during the application process.
Your attorney will need to sign off and acknowledge the funding.
+ How do I receive funds?
Pegasus Funding can send you funds via wire transfer, check, or Western Union.
We have a number of different options in order to deliver a settlement advance to you on the same day.
+ Is Pegasus Funding a direct lender?
Yes. Pegasus Funding is a direct funder, so there are no third-party or brokerage fees associated with our pre-settlement funding process when you deal directly with us.
+ Can my settlement advance be applied to medical funding?
Yes. Pegasus Funding can advance money directly to your medical facility in order to pay for surgery or a medical procedure.
+ Does Pegasus Funding run a credit check? Will the cash advance appear on my credit report?
No, there is no credit check required, and a lawsuit advance does not go on your credit report.
Pegasus Funding will review your funding options based solely on the merits of your case.