When you file a personal injury lawsuit in the state of Washington, you could be forced to wait months or years to get a settlement. In the meantime, you will have to pay your medical bills and any other costs associated with your case on your own. Fortunately, you can request a lawsuit loan to receive settlement money before your case is resolved.
At Silver Dollar Financial, we offer quick, easy access to Washington pre-settlement funding. To learn more, please reach out to us. Our team can review your case and explain our lawsuit loan options to you.
Why People Request Washington State Pre-Settlement Funding
In the state of Washington, you have a maximum of three years from the date you suffer an injury to file a personal injury lawsuit against any person or company that is responsible. This is based on the state’s statute of limitations. If you wait too long to pursue compensation from an at-fault party, you are solely responsible for any costs relating to your injury.
If you are planning to file a personal injury lawsuit or recently did so, you may be eligible for legal funding. You can request lawsuit funding in many different types of cases, including:
Car Accident
Suppose you can get into a car accident, suffer an injury, and sue the at-fault motorist. In this scenario, you can request a car accident loan. When you do, you may be able to get thousands of dollars that you can start using right away.
Bus Accident
When you hop on a bus, you probably expect a safe ride from point A to point B. However, a negligent motorist or bus driver can cause an accident that leaves you with an injury. Thanks to a bus accident loan, you can get money while your attorney works diligently to secure the maximum amount of damages on your behalf.
Defective Product
If you bought a product that was defective and caused you to get hurt, you can sue the manufacturer or seller. You can also ask for a product liability loan. A pre-settlement funding company can take a look at your case and your projected settlement amount, then give you a personalized loan quote.
Silver Dollar Financial is a leading choice for pre-settlement funding in Washington state. To explore our lawsuit loan options, please get in touch with us. We can answer your questions and help you submit a request for legal funding.
Click to contact the Silver Dollar Financial Team today or Call +1(844)871-0628
What It Costs to Get Pre-Settlement Funding in the State of Washington
There is no charge to apply for pre-settlement funding. You can fill out your application at any time. Next, you will get a loan quote, have the opportunity to review it, and can decide if now is the right time to move forward with lawsuit funding.
A lawsuit loan company makes the application process as seamless as possible. You do not need to fill out a long application. Instead, you only need to share details about yourself and your case.
When you apply for a lawsuit loan, you do not need to complete a credit check or provide information about your income history, either. A legal funding company determines how much money it can lend based on your case. It does not charge you anything unless you win or settle your case.
Why Not All Pre-Settlement Loans Have to Be Paid Back
A clear understanding of recourse vs. non-recourse debt is key before you get any type of loan. A personal loan is considered a form of recourse debt. Meanwhile, pre-settlement funding is not.
With a recourse loan, you are required to pay it back. For instance, you can get a personal loan, and you will need to repay your loan in accordance with your lender’s terms and conditions. If you cannot pay your loan on time, your lender can penalize you.
Comparatively, a non-recourse loan is contingent based on different factors. With a pre-settlement loan, you are given funding with the assumption that you will win or settle your case. Yet, if your case is unsuccessful, you are not required to pay back your loan.
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How to Pay Back a Pre-Settlement Loan
Ideally, you will win or settle your case in as little time as possible. If you received a lawsuit loan, your attorney pays it back for you. To do so, they deduct the amount you owe from your settlement.
For example, you may be awarded a settlement in your personal injury case. Your lawyer will get a settlement check from the defendant. Then, your lawyer deducts your outstanding lawsuit loan amount, sends a check to the lender for this amount, and pays you the remainder of your settlement.
On the other hand, you and your attorney can work hard to get a settlement but fail to achieve your desired result. At this point, your lawyer notifies your lawsuit loan company about your case result. The company then clears your balance, and you keep all of the money that was already given to you.
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How Long It Takes to Get Washington Pre-Settlement Funding
You can get approved for legal funding within 24 hours. The process to receive pre-settlement funding can be completed in just three steps:
- Apply for a loan. You can fill out your application online on any computer or mobile device in minutes.
- Receive a loan quote. A lawsuit loan company will review your request, prepare a loan quote, and get back to you as quickly as it can.
- Finalize your request. You can review your loan quote, approve it, and get your money.
If you want more information about the lawsuit loan process, it pays to connect with a pre-settlement funding company. This allows you to share your legal funding concerns and questions with lawsuit loan specialists. Finally, you can get the insights you need to make an informed decision about legal funding.
Get Started with Washington Pre-Settlement Funding
The team at Silver Dollar Financial can teach you about our legal funding options and all that they entail. To find out more, please contact us today.
Call or text +1(844)871-0628 or Apply Now for Pre-Settlement Funding