You may file a personal injury claim but wait months or years to get compensation. In the meantime, you may want to pursue Arkansas pre-settlement funding. Thanks to Arkansas car accident loans and similar funding options, you may be able to get money based on your case in as little as 24 hours.
At Silver Dollar Financial, we offer pre-settlement loans that let you borrow money against a future settlement. Our loans require no proof of employment, no credit check, and no financial statements. To learn more, reach out to us.
When to File a Personal Injury Claim
Per Arkansas Code §16-56-105, you may have up to three years from the date you suffer an injury to seek damages from a liable party. This time frame may not be extended. You may pursue economic compensation for your quantifiable losses and non-economic damages for subjective harm you incur.
Just because you submit an injury claim does not guarantee that you will receive damages. In some cases, a liable party or their insurance provider may contest your claim. If they succeed, you may be forced to cover your injury-related costs out of your own pocket.
If you want compensation based on your injury claim, Silver Dollar Financial can help. We offer pre-settlement loans ranging from $1,000 to $100,000. For more information, get in touch with us.
Click to contact the Silver Dollar Financial Team today or Call +1(844)871-0628
How an Arkansas Legal Loan Works
You may ask yourself what is a personal loan and consider how it differs from pre-settlement funding. There are many requirements to get a personal loan, and you will have to pay it back in accordance with your lender’s terms and conditions. Alternatively, a legal loan is much simpler to obtain and allows you to receive funding based on your injury lawsuit.
To obtain lawsuit funding, you must have an attorney represent you. Your lawyer will advocate for you and do what they can to help you secure the maximum amount of damages. They will also communicate with your legal funding company on your behalf.
When you get a lawsuit loan, you have the flexibility to use your money however you choose. If you receive damages, only then will you have to pay back your loan. Otherwise, if you do not get any compensation, you keep the full amount of your loan without any penalties.
Lawsuit Loan Application Process
To apply now, you first need to fill out a legal loan application. You can submit your application over the phone or online. The entire application process may be completed in just minutes.
After you request your loan, a legal funding company reviews your request. The business looks at your case and your projected settlement amount. Next, it will give you a personalized loan quote.
You can evaluate your loan quote and decide whether to move forward with it. If you accept the proposal, you will receive your money right away. You can use your funding to stay afloat financially and continue to pursue your case to the fullest extent.
Click to contact the Silver Dollar Financial Team today or Call +1(844)871-0628
Pre-Settlement Loan Cost
You do not have to pay anything to apply for legal funding, regardless of whether you accept a loan quote. There are no loan fees during the course of your litigation. Your legal funding company will explain our interest rates before you finalize your loan.
Unlike a traditional loan, pre-settlement funding does not require monthly payments. Your lawsuit loan company wants you to focus on your litigation and getting the most compensation possible. If you secure damages, you will then have to pay back your funding.
Your attorney will repay your legal funding for you. To do so, they will deduct your loan balance from your damages and send a check to your pre-settlement funding company. Once they do, your loan will be paid in full, and you will receive the remainder of your settlement.
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Pre-Settlement Loan Benefits
You may be wondering how plaintiffs benefit from pre-settlement funding. There is a lot to like about lawsuit funding, particularly when you stack them up against traditional loan options. Some of the reasons why plaintiffs choose legal funding over standard loans from banks and credit unions include:
- There are no restrictions on how you use your money.
- It may take less time to get legal funding versus a traditional loan.
- With funding, you can pay your bills and move forward with your litigation.
- You may qualify for a pre-settlement loan even if you have poor credit or low income.
- Your loan is contingent on your case result, and you are not required to pay back your loan unless you win or settle your claim.
Many types of funding are available to plaintiffs involved in injury cases. A legal funding company can teach you about its loan options. It can work with you to get a loan that lines up with your expectations.
When to Request a Lawsuit Loan
If you have suffered an injury due to someone else’s negligence, it may be best to get help from a lawyer. You may have a legitimate claim for damages, and your attorney can help you file a claim before the statute of limitations expires. Also, they can explain what is pre-settlement funding and work with you to secure a legal loan.
You may request legal funding if you are involved in an injury case. A lawsuit loan company will examine your case to determine how much money it can offer. The business will ensure that you will not have to wait weeks to secure funding.
If you are unsure about whether pre-settlement funding is right for you, it may be beneficial to speak with a legal funding company. This gives you an opportunity to share your pre-settlement loan concerns and questions. You can then get insights to help you make an informed decision about lawsuit funding.
Get Started with Pre-Settlement Funding in Arkansas
There is no need to wait any longer to request a pre-settlement loan. The team at Silver Dollar Financial can discuss our pre-settlement funding options with you. To find out more, contact us today.
Call or text +1(844)871-0628 or Apply Now for Pre-Settlement Funding