How to Advise a Client Interested in a Pre-Settlement Loan

A lawyer advising a client who is interested in a pre-settlement loan.

How do you advise a client who is interested in a pre-settlement personal injury lawsuit loan? Give your client plenty of information about their legal loan options, and look to our FAQs page for help explaining how these work.

Also, encourage this individual to connect with a lawsuit loan company so they can speak with a legal funding specialist who can address their concerns and questions.

Tips on How to Advise a Client Who Is Interested in a Pre-Settlement Loan

If you have a client who is interested in different types of funding, help this individual consider their options carefully.

Ultimately, support whatever decision your client makes. Here are tips to assist your clients as they weigh the pros and cons of legal loans.

Explain How a Legal Loan Works

Discuss legal funding and what it takes to get your money now. Address your client’s lawsuit loan concerns and questions. If you are unsure of how to respond to your client’s queries, help them reach out to a pre-settlement funding company for further assistance.

Evaluate Pre-Settlement Funding Versus Different Loan Options

Provide insights into how a pre-settlement loan stacks up against various funding options. Share details about how personal injury lawsuit loans differ from other types of funding. This can help your client assess myriad funding options and select one that lines up with their expectations.

Consider Several Pre-Settlement Funding Providers

Remind your client that many pre-settlement funding companies are available, and each offers varying loan terms and conditions. It may be helpful to provide your client with information about legal loan providers that have received many positive client testimonials. These businesses may have what it takes to help your client secure a reasonable amount of funding.

Silver Dollar Financial is a top choice for lawsuit loans in the United States. Our team can help your client obtain legal funding in as little as 24 hours. Contact us for more information about our pre-settlement funding options.

Click to contact the Silver Dollar Financial Team today or Call +1(844)871-0628

Factors to Consider as You Advise a Client Who is Interested in Pre-Settlement Funding

As you advise a client who is interested in a pre-settlement loan, be upfront and honest with them. Explain to your client what is a personal installment loan and why pre-settlement funding may prove to be a superior option. When you explore legal loan options with your client, account for these factors.

The Strength of Your Client’s Case

If your client has a compelling argument, they may be well-equipped to secure a pre-settlement loan that provides sufficient compensation. Alternatively, if your client lacks evidence, this could impact their lawsuit loan terms and conditions. In addition, explain to your client that even if their case is unsuccessful, legal funding ensures that they will receive compensation.

How Much Your Client Could Obtain in a Settlement

You can calculate your client’s economic and non-economic damages, which will give this individual a good idea of how much money they could get in a settlement.

With legal funding, your client could receive funding close to a settlement amount. You can negotiate a settlement for your client, and your client can use the money they receive to repay their lawsuit loan.

Your Client’s Financial Needs

If your client pursues car accident loans or other pre-settlement funding options, they may need to use the money they get for medical bills and other expenses. Your client has the flexibility to use their legal loan however they choose. Provide your client with details about how legal funding can help them stay afloat financially.

Pre-Settlement Funding Terms and Conditions

Legal loan terms and conditions depend on the pre-settlement funding company behind them. Help your client review loan terms and conditions.

If a client is uncertain about their loan’s interest rate or other factors that could impact what they pay, provide clarification or seek additional assistance from the legal funding company that offered the quote.

Non-Recourse Funding

Pre-settlement funding falls into the category of non-recourse loans. What your client has to pay back on their loan depends on whether their case is successful. If your client does not recover any damages or receive a settlement, they are under no obligation to repay their legal loan.

Give your client’s legal loan request the attention it deserves. If your client rushes as they examine their funding options, they could get a personal loan that can be costly. On the other hand, if your client understands all that a legal loan entails, they may be ready to move forward with this option and could reap the benefits of their decision to do so long into the future.

How to Advise a Client Interested in a Pre-Settlement Loan if their Lawsuit is Already Underway

In terms of advising a client interested in a pre-settlement loan after they have entered into litigation, remain accessible. Your client may think they have no financial options, but legal loans are available, and getting them can be quick and easy. They can submit an application over the phone or online, and you can guide them through this process.

To obtain a pre-settlement loan, your client will only have to provide details about their case and their contact information. Your client may wonder if pre-settlement funding requires a credit check or financial statement. During the application process, your client will not have to submit this information, as a legal funding provider will only consider the facts of their case.

After your client applies for legal funding, a pre–settlement loan company can review their request immediately. Your client may be approved for funding as soon as the day after they submit their application materials. They can get their money, continue with their litigation, and pay back their loan if they obtain damages or a settlement.