If you have a pending injury lawsuit in Alabama, we know how devastating the ordeal can be for you and your family. Not only will you have to endure reliving this trauma as you continue to go through the settlement and trial process, but this whole legal battle can sometimes take many months and even years to resolve.
Fortunately, at Silver Dollar Financial, we are here for you. Our loan representatives are ready to get you the funds you need right now so that you do not have to stress about your financial situation as you wait for your lengthy legal battle to resolve.
What Exactly Is a Lawsuit Loan in Alabama?
Lawsuit loans are a cash advance on an injury lawsuit that you can receive after your loan application is approved. This loan is referred to as pre-settlement funding or a non-recourse loan, where you borrow funds against your eventual court-ordered payment or settlement as collateral. This means that once you receive your settlement or award, the loan will be repaid directly from that.
These loans are extremely helpful for those individuals who have been injured in an accident and had to miss work for a significant period of time, which impacted their ability to afford essential everyday items, paying their medical costs, and taking care of themselves and their families. Because even with the most straightforward legal cases, it can take some time for you to receive money for the losses and damages you sustained.
Worse yet, this is also a common tactic that the insurance company will use following an accident. These insurers will often want to drag out the legal process so that vulnerable victims will get desperate for money to pay their extensive bills and accept less than they deserve.
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How Does a Lawsuit Loan Work?
When you work with an experienced lending company, you can get an advance on your legal case and get immediate funds to pay your bills and other expenses you have. This can also allow your lawyer the extra time they need to build the strongest case on your behalf so that they can pursue the maximum financial damages you deserve.
More importantly, because a lawsuit loan is a non-recourse debt, you cannot be held personally liable beyond the amount listed on the loan. This also means that if you cannot come to an agreement regarding a settlement amount or ultimately lose your case, you do not have to pay this loan back to the loan company.
The Types of Legal Cases that Qualify for an Alabama Lawsuit Loan
In Alabama, if you need a pre-settlement loan, you can often qualify for this cash advance for most types of personal injury claims, including:
- Car accidents
- Motorcycle accidents
- Pedestrian accidents
- Truck accidents
- Slip and fall accidents
- Dog bite incidents
- Drunk driving crashes
- Medical malpractice incidents
- Work injury cases
- Product liability cases
- Premises liability incidents
In truth, nearly any personal injury case where you likely can get an eventual payout or settlement can qualify you for a lawsuit loan. In addition, most of these loans are more concerned with the case’s viability than with your specific personal information. As a result, if you have a solid legal claim, this can help you get money to take care of your necessary expenses fast while waiting for your lawsuit to resolve.
How do You Qualify for a Lawsuit Loan in Alabama?
Generally, to qualify for a lawsuit loan in Alabama, the process is relatively easy. All you need to do is provide the necessary information and documentation to the loan financing company and apply for the loan. Most of the information that the lender will require is included in your case. That is why your attorney needs to work with the lender to help facilitate the process.
Your Pending Lawsuit Information
Since a lawsuit loan involves the lender borrowing against your eventual case settlement, the lending company needs to discuss the case with your attorney to evaluate the risks of providing you the legal funds. As a result, if it is more than likely that the wrongful party is at fault for your damages and losses, you should get your lawsuit loan approved fairly quickly.
Your Personal Information
Because a lawsuit loan is borrowing directly against the compensation you may receive from the legal case, the circumstances of the case will dictate whether you get approved for the loan and not your personal information, such as your income, assets, credit score, and employment history.
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How Can an Alabama Lawsuit Loan Company Help You After You File a Lawsuit?
When you work with an Alabama lawsuit loan company, this company can get you the money you need to not only stay afloat during this challenging time in your life but it will also give your attorney extra time to continue to fight for the damages you deserve, and not accept less compensation than you are entitled to.
Plus, applying for these loans is not difficult. All that is required from you is to:
- Apply online.
- Provide the necessary documents.
- Have your attorney available to speak with the loan company.
Once your application is reviewed and approved, you can obtain up to $100,000 within 24 to 48 hours, which you can use for whatever reason you may need, such as hospital bills, medical expenses, grocery shopping bills, other living expenses, and even your mortgage payment.
Reach Out to Silver Dollar Financial Today and Get the Legal Funds You Require
If you have a pending lawsuit and need money fast, do not wait any longer to get the help you need. Instead, contact Silver Dollar Financial for further information regarding these loans or apply today and find out how much money you can receive.