Pre-Settlement Funding in Baltimore

You file a personal injury lawsuit after someone causes you to get hurt. Although you are confident you will get damages in the foreseeable future, there is no telling when this will happen. Fortunately, Baltimore pre-settlement funding and other types of funding could help you cover your expenses in the short term.

Silver Dollar Financial makes it easy to get approved for pre-settlement funding in as little as 24 hours. Our legal funding specialists are available to discuss our lawsuit loans with you. For more information, get in touch with us.

How Pre-Settlement Funding Works

A legal loan gives you money you can use until your personal injury case is resolved. Many types of pre-settlement funding in Baltimore are available to plaintiffs in injury lawsuits. Pre-settlement funding you may be able to receive includes:

If you are approved for a lawsuit loan, you will receive your money and can use it however you choose. Once your case is settled, only then will you have to repay your loan. If you do not receive compensation, you are not required to pay back your balance.

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

When to File a Baltimore Personal Injury Lawsuit

Per the Maryland General Assembly, the statute of limitations in most personal injury lawsuits is three years. It is in your best interests to sue a liable party for your injury as soon as you can. If you wait too long, you could be solely responsible for your injury-related losses.

In your lawsuit, you can ask for economic and non-economic damages. A judge or jury will award economic damages for your medical bills, lost wages, and other losses you can quantify. Alternatively, you can receive non-economic damages for pain and suffering and other subjective harm.

Requesting damages and actually getting them are two very different things. At Silver Dollar Financial, we can help you get compensation based on your projected personal injury case settlement. To learn more, reach out to us.

Pre-Settlement Funding Benefits

To understand the benefits of legal funding, consider how it stacks up against a personal loan. Generally, a personal loan requires you to submit an application to a bank or credit union, which will review your credit and income histories and other information. If your request is accepted, you have to pay back your loan in accordance with your lender’s terms and conditions.

To get pre-settlement funding in Baltimore, you only need to have an attorney represent you and share information about your personal injury lawsuit. Your lawyer handles your communications with your legal loan company. A pre-settlement loan company uses the information about your lawsuit to determine your loan amount.

Unlike a personal loan, legal funding does not require monthly payments. There are also no hidden fees associated with a pre-settlement loan. Perhaps best of all, your lawsuit loan is contingent on the result of your case — if you do not get damages, your legal loan provider takes full responsibility for your balance, and you keep the money you received from them.

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

Cost of a Baltimore Pre-Settlement Loan

You do not have to pay anything to get a legal loan. There are no fees to apply for lawsuit funding. There is an interest rate associated with your loan, and your legal funding provider will explain this in detail before you finalize your funding.

Legal loan interest rates vary. Typically, it is beneficial to choose a pre-settlement loan company that charges simple interest on its loans. Otherwise, if a legal funding company offers loans with compound interest, the total cost of your loan can be significant.

Let a lawsuit funding company teach you about its loan options and their respective costs. Ideally, a legal loan provider will give you insights into its interest rates, how they work, and what you will owe on your loan if you win or settle your case. If you are satisfied with a pre-settlement loan company’s terms and conditions, you can apply for funding right away.

Apply Now for Pre-Settlement Funding

How to Apply for a Pre-Settlement Loan in Baltimore

If you want to get your money now, you will have to apply for pre-settlement funding. The application process may take only a few minutes to complete. Here is what you will need to do to secure lawsuit funding:

Fill out your application online or over the phone.
Let a legal funding company evaluate your submission and provide you with a personalized loan quote.
Review and accept your quote and receive your money.

Your legal loan company will address your pre-settlement funding concerns and questions. On top of that, the business will remain in contact with your lawyer. Once your case is settled, your lawyer and lawsuit loan provider can make sure that you are able to repay your balance promptly.

How to Pay Back a Legal Loan

Lawsuit loan repayment is required if you receive compensation in your personal injury lawsuit. Your lawyer will get a check for your settlement and deduct what you owe for your legal loan from this amount. Then, they will send a check to your lawsuit funding provider, clearing your loan balance.

After your attorney takes what you owe and pays your lawsuit funding company, you are in the clear. Your lawyer gives you the remainder of your settlement. Meanwhile, your case is closed, and you do not owe your pre-settlement funding company anything else.

If you do not receive damages, your lawyer notifies your pre-settlement funding company. Next, the business clears your loan balance. Finally, you keep the money that was already given to you and do not incur any penalties.

Request Pre-Settlement Funding Based on Your Personal Injury Lawsuit

If you are worried about how you will pay your bills as you move forward with your personal injury lawsuit, Silver Dollar Financial is here to assist you. We offer legal loans to plaintiffs involved in injury cases and are happy to go over our Baltimore pre-settlement funding options with you. Contact us today to get started.

Call or text +1(844)871-0628 or Apply Now for Pre-Settlement Funding