Albany Non-Recourse Loans
A personal injury accident in Albany can leave you with costly medical bills, lost income, and much more. Many times, life can’t wait until you win an insurance settlement or court award. If you need money now to cover your costs, consider non-recourse loans in Albany.
Common money-related stressors after an accident include:
- Medical bills
- Medication costs
- Lost work wages
- Vehicle repair costs
- Rent, mortgage, or utilities
- Food costs
Money-related losses can be debilitating. If you need help covering these expenses, Silver Dollar Financial can help. We provide non-recourse loans (also known as pre-settlement funding) for personal injury victims in Albany.
Keep reading if you have questions about how non-recourse loans work. If you’re ready to apply for funding today, it only takes a few minutes. Click Apply Now to go to the application page now. You can also reach us at any time by calling (844) 871-0628.
Non-Recourse Loans for Pre-Settlement Funding
There are two main types of loans: recourse and non-recourse. Our funding is always non-recourse, but it’s important to understand the difference.
Recourse loans are what come to mind for most people. The borrower puts down something as collateral when they borrow the money. If the borrower cannot repay the cash, the lender can take the collateral.
If the collateral doesn’t cover the loan cost, the lender can come after more, such as personal property or wages. Not paying back the loan can also damage the borrower’s credit score and leave them in serious debt.
With non-recourse loans, the lender cannot come after more than the collateral. If the collateral doesn’t cover the loan, the lender takes the loss. This protects the borrower from losing anything out-of-pocket.
With most non-recourse loans, the collateral is personal property. But with pre-settlement loans, we treat your pending settlement as collateral. You don’t have to worry about putting any personal property on the line.
Our Funding Is Not a Loan
Non-recourse loans for personal injury victims are also called:
- Pre-settlement funding
- Lawsuit loans
- Legal funding
- Personal injury lawsuit loans
Although “loan” is often in the description, non-recourse pre-settlement funding is not actually a loan. Instead of lending money, we provide a cash advance of your expected settlement.
The money is yours to use, and if you don’t end up winning a settlement, you don’t owe anything. If you do win your settlement, we simply get the portion back that we advanced you—and you keep the rest of what you won!
Helping You Get a Better Offer
Non-recourse funding does more than help you pay for urgent costs. It can also help with your pending injury case.
Personal injury claims are stressful and lengthy. If you have to file a lawsuit, it can be time-consuming and expensive. It can take time to build a case, file the claim, and negotiate for a fair settlement.
Many victims accept a settlement too soon because they’re hurting for money. While this is unfair, it happens far too often. But thankfully, pre-settlement funding can put the power back in your hands. With your costs paid, you can wait longer for the best settlement offer.
Types of Personal Injury Cases
If someone else’s negligence caused your accident, you have a personal injury case. Silver Dollar Financial’s non-recourse funding covers:
- Car accidents
- Truck accidents
- Slip and fall accidents
- Workers’ compensation claims
- And more
You can tell us your case type when you apply. If we need more information, we’ll let you know right away. The strength of your case is the only details that matter when seeing if you qualify. We do not need your credit score or other invasive information.
Insurance companies know how to work your case to their advantage. For example, they will delay answering your claim or offer you a lowball settlement. They hope that dragging things out will push you to settle sooner.
Non-recourse pre-settlement funds help protect your rights. You can cover urgent costs and put more energy into fighting for what you deserve.
No Repayment if You Lose Your Case
We provide funding when you have a strong personal injury case. You’re likely to win a settlement or court verdict, so we just give you the money sooner. However, we also know that circumstances don’t always go as planned.
If you end up losing your case, you don’t have to worry about paying anything back. We only get repaid from a settlement you win. If there is no settlement, we take the loss—not you. This is the definition of a non-recourse loan for injury settlements.
If you get approved for funding, we’ll send the money to you directly. From then on, it’s yours to use as needed, even if you don’t win your case. If you win, but your settlement is lower than expected, we still won’t take more than the amount you owe for the loan.
How to Apply for Non-Recourse Funding Now
Silver Dollar Financial’s application process is incredibly simple. You can apply safely and securely right from our website. Here’s how each step works:
- Apply online: Click Apply Now on this page to go to the application. It only takes a few minutes to fill in the basic information. If you prefer to call, you can reach us at any time at (844) 871-0628.
- Get a quick review: Our experienced team will look for your information and determine if you qualify. If so, we’ll let you know that you’re approved—often in as little as 24 hours.
- Get your money: After approval, we’ll send you the money directly. The funds are yours to use for any costs you have.
Apply for a Non-Recourse Pre-Settlement Loan in Albany
Personal injury cases take a long time to settle. If you need financial help while you wait, apply for a non-recourse “loan” from Silver Dollar Financial.
We are known for our hands-on customer service and attention to your needs. We’ll work to get you the cash you need as soon as possible. We understand that time is of the essence with these types of cases.
Click Apply Now today to start your application now. If you have questions or want to apply by phone, call (844) 871-0628 to start today.