Non-recourse loans are the loan of choice for us. We do this to help give potential borrowers in Brookhaven peace of mind knowing that their funding will not negatively impact them should things go wrong.
When you suffer through an accident, you can find yourself in a tough financial spot. The settlement you receive should cover all of your damages. However, in most cases, settlements are not always reached in a timely manner. You could wait for many months before ever receiving any money.
Silver Dollar Financial provides a lifeline to personal injury victims in the form of non-recourse loans. Our team has years of experience lending and giving financial assistance to those in need. Your accident was not your fault, and neither is the debt you accrued in the pursuit of justice.
Contact us today to get started. You can reach us at (844) 871-0628.
How Do Non-Recourse Loans Work?
According to the Internal Revenue Service (IRS), any borrower with non-recourse debt is not liable for it. In basic terms, if you borrow a non-recourse loan, you are not responsible if you cannot pay it back. The lender cannot recover any loss through collateral, your bank accounts, or your wages.
Essentially, the lender eats the cost should the loan default. While defaulting on any loan should never be the borrower’s primary goal, borrowers are protected from additional financial damage if they cannot pay back the loan.
When it comes to pre-settlement funding, non-recourse loans are directly in your favor. If you do not win your settlement, you do not have to pay anything back to us, and we will not try to recuperate our losses.
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Benefits of a Non-Recourse Loan
Non-recourse loans offer a host of benefits to the borrower.
Ease Financial Burden Without Adding Onto It
We know that getting financial aid is difficult when you are in a rough spot. Most loans carry with them a considerable risk if you cannot pay the money back. You could end up losing everything and then some.
Because our funding comes through a non-recourse loan, you do not have to worry about putting yourself into a deeper financial hole. You can borrow money confidently and without any additional stress.
Focus on Your Recovery
A healthy mind equals a healthy body. Physical injuries require not just care, treatment, and medication but the willingness to get better as well. It is difficult to restore your body back to the condition it was before your accident. With the right mindset and dedication, you can help speed up recovery and aid the healing process.
When financial pressure looms over you, it can contribute to anxiety, depression, and other harmful mental states that impede your ability to heal. Non-recourse loans offer you an extremely low-risk way of covering your expenses so you can focus on getting better.
Get Approved Fast
Waiting for your money can be frustrating. We know that you need to pay your bills quickly. When you apply, we will notify you of approval within 24 hours. We will not waste your time and work diligently to get you an answer as soon as possible.
How Our Application Process Works
Applying is extremely easy with our process. All you need to do is follow these steps:
- Apply online or in-person and fill out our application form. It will ask you about your case and other essential information.
- We will review your application quickly.
- Once our team approves you, we will notify you and transfer you the funds you need.
It is that simple. There are no hidden terms and no other steps. Qualifying with us does not require a dozen applications, several forms, and other things a bank requires for a loan.
In addition, we do not need to perform a check on your credit score or require other types of financial documents about your employment, income, etc. Qualifying for our non-recourse loans only requires you to give us information about your case and your estimated settlement amount. What matters the most to us is the merits of your case. All other factors are secondary.
How You Can Use Your Non-Recourse Loans
You can use your non-recourse loans in a variety of ways:
- Paying living expenses such as your mortgage, rent, utilities, food costs, etc.
- Paying any vehicle repairs, replacements, or damages to your property.
- Paying your tuition fees or school fees.
- Paying medical expenses like hospital visits, emergency room visits, prescriptions, etc.
Even if the expense you wish to pay off is not listed, you can still use the money you get. Every person’s expenses will be different, and we have no restrictions on how you choose to allocate your loan.
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Avoid Stall Tactics with Non-Recourse Loans
In Georgia, you have two years to file a claim for your personal injury. It is best to file your claim as quickly as possible with the assistance of a lawyer after your accident. While you can file a claim fast, your case may still take a long time to settle.
The negotiations between your attorney and the insurance company can take a long time. Both the defense and the insurance company will utilize as much time as possible to put you into a tough financial position. This is to make you more likely to accept a quick settlement offer that is not in your favor.
Non-recourse loans give you an out to this problem by allowing you to pay your debts and hold out for your rightful settlement amount.
Contact Silver Dollar Financial Today
For your non-recourse loan needs, contact us today. We help residents of Brookhaven and throughout Georgia get through their lawsuit with minimal financial complications. Our team of financial experts has years of experience with many different cases.
Silver Dollar Financial operates with honesty and transparency. We have no upfront fees, application fees, or hidden fees. Everything we do, we keep you and your lawyer in the loop at all times. Trust in us to provide you with critical financial assistance.
Apply online or call us today at (844) 871-0628 to learn more.