You can suffer a personal injury caused by someone else. If you file a personal injury lawsuit against the party responsible for your injury, it can take months or years to get compensation. Fortunately, lawsuit loans are available to help you stay afloat financially while your litigation moves forward.
At Silver Dollar Financial, we offer pre-settlement loans in California. To learn more about our pre-settlement funding, please reach out to us. Our team can explain how California pre-settlement funding works and help you decide if now is the right time to get it.
When to Request a California Pre-Settlement Loan
If you get injured due to someone else’s negligence, you can pursue a civil case against the at-fault party. To do so, you can hire an attorney and request economic and non-economic damages. Your lawyer will do everything possible to help you win or settle your case, but you will not receive any compensation unless your claim is successful.
In California, you typically have a two-year window to seek damages, per the state’s statute of limitations for personal injury cases. If you do not file your lawsuit within this time frame, you cannot request damages at a later date. On top of that, you are fully responsible for any costs relating to your injury.
By requesting a pre-settlement loan, you can get money you can use while you try to resolve your case. You can ask for a loan as soon as you file your lawsuit. As you and your attorney work together to settle your claim, your loan ensures you have a sufficient amount of money to use however you decide.
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How Pre-Settlement Funding in California Works
You can request a loan from a bank or credit union, but doing so can require a lengthy approval process. In addition, you may be forced to pay a high-interest rate. If you cannot pay back your loan in accordance with your lender’s terms and conditions, you can be penalized, too.
Comparatively, pre-settlement funding is a type of non-recourse loan. This means the funding is based on the projected settlement in your case. If your case is unsuccessful, your lender takes 100% of the responsibility for your loan.
To obtain a lawsuit loan, you only have to have an attorney to represent you. With help from your lawyer, you can submit a pre-settlement loan application. Your lawyer keeps your lender up to date about your litigation and handles your loan repayment as well.
What It Takes to Apply for a Lawsuit Loan in California
If you want to apply for a lawsuit loan, you can do so at any time. All you have to do is go online or call a pre-settlement funding specialist to complete your application. In many instances, the entire application process requires just minutes.
A pre-settlement loan company will review your request right away. The company can then give you a personalized quote. It will also explain the interest rate for your loan.
If you accept a quote, you will get your money. Your lawsuit loan company will make sure your cash arrives as quickly as possible. After you receive your loan, you do not need to pay it back unless you win or settle your lawsuit.
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Why Paying Back a Lawsuit Loan Is Fast and Easy
You may have a strong case and believe you are well-equipped to get the most compensation possible. In the best-case scenario, you will secure all of the damages you initially requested. At this point, you will have to repay your lawsuit loan from your settlement.
Once your case is settled, your attorney deducts the amount you owe to your lawsuit loan company. Next, your lawyer pays off your loan amount. You then get the remainder of your settlement.
On the other hand, if your lawsuit is unsuccessful, your lawyer notifies your pre-settlement funding company. You keep the money that was already given to you. Finally, your lawsuit loan company clears your outstanding balance.
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How to Get Started with a Lawsuit Loan in California
If you want pre-settlement funding based on your car accident case or any other type of personal injury lawsuit, help is available. You can connect with a pre-settlement funding company that can walk you through the process of getting a loan. The company can answer any lawsuit loan questions you have.
The best company for lawsuit loans wants its clients to make informed decisions. Therefore, the company has friendly, knowledgeable pre-settlement funding specialists on staff. These specialists give people the information they need to weigh the pros and cons of all of the loan options at their disposal.
At Silver Dollar Financial, we take the guesswork out of pre-settlement loans. Our team can teach you everything you need to know about lawsuit funding. Please contact us for more information.
There Is No Risk with a Lawsuit Loan
You may believe that pre-settlement funding is no different than loans offered by banks and credit unions. Yet, it is important to note that there is no risk when you get a pre-settlement loan. If you receive no compensation from your personal injury case, you are not responsible for your lawsuit funding.
A lawsuit loan also helps you pay your medical bills and any other injury-related expenses while your litigation is ongoing. Rather than give up on your case due to a tough financial situation, you can use your loan to cover your daily expenses. Meanwhile, you and your attorney can remain focused on what is most important: building a compelling case that helps you get the maximum amount of compensation.
If you are on the fence about pre-settlement funding, there is no harm in speaking with a lawsuit loan company about it. A best-in-class lawsuit loan provider takes as much time as needed to learn about your case. It can then offer pre-settlement loan options that line up with your expectations.
Explore Lawsuit Funding in California
Silver Dollar Financial can help you get pre-settlement funding in California. Please get in touch with us today to begin your legal funding application.
Call or text +1(844)871-0628 or Apply Now for Pre-Settlement Funding