You may get hurt as a result of someone else’s negligence. If this happens, you may want to partner with an attorney who can help you pursue damages from an at-fault party. Also, it may be a good time to request Montana pre-settlement funding, which will give you money you can use until your case is settled.
At Silver Dollar Financial, we offer legal loans in as little as 24 hours. You may qualify for up to $100,000 in lawsuit funding. To learn more about our types of funding, reach out to us.
What Pre-Settlement Funding Offers
Pre-settlement funding includes Montana car accident loans and similar options. With a lawsuit loan, you get money based on your projected case settlement. You pay back your loan only if your case is successful.
There are very few requirements for legal funding. You are required to hire a lawyer to represent you in your injury case. Beyond that, you will have to provide a legal funding company with your contact information and details about your case.
You do not have to take any risks with lawsuit funding. Since your loan is contingent on your case result, your pre-settlement loan company takes 100% of the risk. If you do not get compensation, you do not have to repay your loan.
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Filing a Montana Personal Injury Claim
Per Montana Code §27-2-204, you may have up to three years from the date you suffer a personal injury to ask for compensation from an at-fault party. This time frame may not be extended. After three years, you may be solely responsible for your injury-related losses.
You may hire a lawyer to help you submit your claim and request the most damages possible. In your injury case, you may be eligible for economic and non-economic compensation. A judge or jury may award economic compensation for quantifiable losses and non-economic damages for subjective ones.
There is no timeline for an injury case, but you may get money you can use right away via pre-settlement funding in Montana. The team at Silver Dollar Financial can teach you about legal loans. For more information, get in touch with us.
What to Expect After You Submit an Injury Claim
Your claim may go through an at-fault party’s insurance company. For instance, if you got hurt in a car accident, you may request compensation from a liable party’s auto insurer. Every driver in Montana is required to have auto insurance, and this party’s insurance policy may help you get the money you need to cover your losses.
Even if a liable party has insurance coverage, you are not guaranteed to get compensation. The party’s insurer may commit time and resources to dispute your claim. You may need a lawyer to negotiate an insurance settlement on your behalf.
In a situation where an at-fault party does not have insurance, you may request damages directly from them. This involves a personal injury lawsuit. Before your lawsuit is resolved, you may ask for a legal loan that gives you short-term funding.
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How Legal Funding Differs from a Personal Loan
You can get a personal loan to pay for a lawyer and cover other expenses relating to your personal injury. To do so, you may have to fill out a loan application in which you provide information about your credit, employment, and income histories. It may take a bank or credit union days or weeks to respond to your request.
With a personal loan, you will have to pay it back, regardless of how your injury case turns out. You will have to repay your loan in accordance with your lender’s terms and conditions. If you choose not to do so, you may face penalties.
Alternatively, pre-settlement funding is much more flexible than a personal loan. Legal funding does not require a credit, employment, or income check or monthly payments. Also, you do not have to make monthly payments, and repaying your loan depends on the result of your case.
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Pre-Settlement Loan Application Process
As soon as you complete the legal loan application process, you may get your money now and use it however you choose. You may complete this process over the phone or online. It may take you just minutes to provide the required information.
Once you submit your application, a legal loan company will review it carefully. The business wants to provide you with a personalized loan quote that meets your expectations. It will consider the facts of your case as it prepares a custom quote.
You should receive your loan quote within one day. If you approve this quote, you will get money. Next, your funding can help you stay afloat financially while you continue with your litigation.
How to Repay a Legal Loan
A lawsuit loan gives you the ability to borrow against a settlement, and you will need to pay it back if you receive damages. This represents the best-case scenario since it means that you have settled your case or the court has ruled in your favor. At this point, your attorney can help you repay your loan.
To pay back a legal loan, your lawyer deducts what you owe from your settlement. Your attorney will receive your settlement, take your loan balance from it, and send a check for this amount to your pre-settlement funding company. From here, you will get the remainder of your settlement.
If you do not win or settle your case, you do not have to worry about repaying your lawsuit loan. In this scenario, your lawyer notifies your pre-settlement funding company about your case result, and this business clears your balance. Finally, you keep the money that was already given to you, and you do not incur any penalties.
Request a Legal Loan
If you are struggling with medical bills and other expenses relating to a personal injury, you may want to file a claim against an at-fault party and pursue a legal loan. At Silver Dollar Financial, we offer a wide range of pre-settlement loans for injury cases. To find out more, contact us today.
Call or text +1(844)871-0628 or Apply Now for Pre-Settlement Funding