Have you recently been involved in a legal dispute? Are you anticipating settlement funds to cover your damages? If so, you may be anxious to resolve your case to access the benefits you are entitled to; however, you might be surprised to find it could be months or longer before your settlement comes in.
Fortunately, you do not need to wait. When you access California legal funding from Silver Dollar Financial, you can cover your expenses and start moving forward with your life now.
Do you have questions about how our lawsuit loans work? Continue reading or contact our office to discuss your financial needs with our loan specialist today.
How to Know Legal Funding in California Is the Right Option for You
When you are having trouble covering your expenses while dealing with a civil matter, taking out another loan can seem like one of the worst decisions you could make. After all, if you take out another loan, you will have to pay compound interest and could wind up in further debt, right?
Legal funding is an advance on the money you will win in your California civil claim. It is not a loan you need to pay back through your source of income. You only pay it back if your lawyer wins your case.
If you are still unsure whether legal funding in CA is a good fit for you, consider these factors:
You Are Struggling Financially
If you are having trouble covering your regular household expenses, legal funding could be the answer you are looking for. For example, let’s say you were involved in a car accident.
Not only will you need to figure out how to cover your vehicle and property damages, but you may need to be temporarily out of work, making it difficult or impossible for you to cover your rent, credit cards, insurance payments, and other necessary expenses. If you are barely making ends meet or having difficulty putting food on the table, a lawsuit load can help alleviate your financial struggles so you can begin to pick up the pieces of your life.
You Have an Anticipated Settlement
Legal funding in California is only available to those with an anticipated settlement. If you have been involved in any accident or are considering pursuing a civil claim, this is not enough to qualify for a lawsuit loan.
You should initiate the claims process if you still need to do so. The settlement can be from an insurance claim or civil lawsuit, but there must be a projected settlement for our loan specialist to approve your application.
You Are Working with an Attorney
Legal funding is also only available for individuals working with an attorney. Your lawyer is likely working for you on contingency. This means they are covering all the costs of pursuing your case and will only expect you to pay something for their services if they win.
However, since your lawyer is covering all of the costs, they would not have taken on your case if they did not believe they could win. For this reason, we can only approve applications for those who are actively working with a lawyer. If you are still not working with an attorney, your best option is to get one so you can move forward with the claims and lawsuit loan application process.
Click to contact the Silver Dollar Financial Team today or Call +1(844)871-0628
Factors that Do Not Impact Your Approval Chances
Although there are several factors Silver Dollar Financial must consider, certain elements are irrelevant to your application approval. These include the following:
Your Credit Score
You might be shocked to discover that we do not care about your credit score. You could have bad credit, no credit, or exceptional credit. We do not do a hard credit check when you apply for legal funding in California.
This is because your application approval is not based on your creditworthiness. Repayment is based solely on your anticipated settlement. For this reason, we do not find it necessary or appropriate to run your credit.
Providing Credit References
Since your credit does not matter, we do not require applicants to provide us with credit references. Suppose you were applying for a loan with a bank or financial institution. In that case, you may need to provide credit references or get a cosigner before the institution approves your application. The same is not true when you apply for California legal funding.
Having a Source of Income
Our lawsuit loans are non-recourse, so having a source of income to pay them back is unnecessary. Many people dealing with civil claims also have catastrophic injuries that have made it impossible for them to continue working.
If this sounds like what you are going through, you are not alone. We understand the trauma you have been through and do not consider your unemployment status when evaluating your application.
Factors that Influence How Much You Are Awarded
Multiple factors can impact how much we can approve in California legal fun day. Some of the most notable include:
The Value of Your Settlement
The value of your anticipated settlement will directly impact how much we can authorize in pre-settlement funding. Generally, Silver Dollar Financial can approve up to 20% of your expected payout. However, this amount could be increased or decreased on a case-by-case basis.
How Long It Will Be Before Your Case Resolves
We need to know how long it will take to resolve your case. Since Silver Dollar Financial provides legal funding to many individuals in entities dealing with legal matters, we need to know how long it will take for your settlement to come in. That way, we can adjust expectations and approve applications accordingly.
Whether You Share Fault
If you are accused of sharing liability for your injuries or damages, this could impact the compensation you win in your civil claim. California follows comparative fault laws, so sharing liability will reduce the compensation you can recover. If your settlement is decreased due to share liability, the compensation you can be authorized in legal funding could also change.
Contact Silver Dollar Financial for a California Lawsuit Loan Today
California legal funding could answer your financial problems while your lawyer handles the legal details of your case. When you are ready to pick up the pieces of your life but do not know where to begin, do not hesitate to contact our loan specialists at Silver Dollar Financial and discuss your options further.
You can apply now, fill out our online contact form, or call our office to learn whether you meet our eligibility requirements.