Personal injury lawsuits can involve a lot of waiting in Decatur. You might not receive the compensation you deserve for months or years. Unfortunately, medical costs and other losses don’t wait. If you need money now to pay for your expenses, consider a Decatur non-recourse loan.
Unlike traditional loans, non-recourse loans do not come with a lot of risks. You can get the cash you need, then pay it back when you get your settlement. Silver Dollar Financial provides fast and risk-free non-recourse loans in Decatur.
We can offer up to $100,000 for those who qualify. Our application process is simple, and many people get approval within 24 hours.
To apply today, click Apply Now above or call (844) 871-0628.
Four Things to Know About Non-Recourse Loans in Decatur
A lot of clients are new to the personal injury claim process. They might not even know that non-recourse loans are a possibility. Here are some of the top facts to understand about this funding option.
1. Non-Recourse Loans Are Not Really Loans
Although “loan” is in the name, a non-recourse loan is different than it might sound. Non-recourse loans are more like cash advances to yourself. Other names for them include pre-settlement loans or legal funding.
Non-recourse loans depend on collateral:
- Collateral is something that a borrower pledges to a lender as security for a loan. Buildings, such as a home, are often used as collateral for some types of loans.
- If the borrower cannot pay back the loan, the lender can take the collateral. The collateral acts as protection for the lender.
- With a non-recourse loan, your pending settlement or jury award is the collateral.
Unlike recourse loans, the lender of a non-recourse loan cannot take more than the collateral. The only thing “on the line” with a non-recourse settlement loan is the settlement. That means that if you don’t end up winning your case, there is nothing else the lender can take.
At Silver Dollar Financial, we are proud to offer non-recourse loans to those waiting on their settlement or jury award. We’re a safe place to get funding because if you don’t win your case, you don’t have to pay back the funds we send you.
2. There Is No Credit Check Required
For a non-recourse loan, your credit score does not matter. Silver Dollar Financial does not use your credit score when evaluating your application. We don’t even need to verify your income or employment status.
Your personal injury case details matter most. We base your funding qualifications on the strength of your case. If you have a good chance of winning a fair settlement or in court, you are more likely to qualify.
After you apply, we will contact your lawyer if we need additional information. Once we have enough details about your case, we’ll let you know if we approve your funding request.
3. Non-Recourse Loans Help if Your Case Is Pending or Settled
Many people contact us because their injury case is pending. Maybe your lawyer is still negotiating for your settlement, or you’re waiting to receive your check. However, some injury victims need help even after their case is over.
We also offer non-recourse structured settlement loans. A structured settlement means you will receive smaller, periodic payments from your full compensation. Unfortunately, you might realize that the lower payments are not enough.
If you need more of your settlement at once, you can apply for a structured settlement loan. This type of funding pays a lump sum from your settlement amount. When your structured payments trickle in, you use them to pay back the loaned funds.
4. You Might Not Have to Pay Back a Non-Recourse Loan
There should be no out-of-pocket costs with a non-recourse settlement loan. You pay back the money only when you receive your settlement or award — and you keep the rest. Your repayment is dependent on your case outcome.
At Silver Dollar Financial, we understand that some injury cases do not turn out as planned. Sometimes, you don’t end up winning your case. If this happens, you don’t have to worry about paying back the money.
Before we approve your application, we’ll look at the details of your case. If we feel that your claim is strong enough, we’ll send you the funds you need. No matter how your trial ends, the risk is on us — not you.
Apply for a Non-Recourse Loan in 1, 2, 3
With the insight into non-recourse loans above, you might still wonder about the process. Thankfully, we make it easy to apply and find out if you qualify. We use a three-step method for applying for a non-recourse settlement loan.
Applying for Funding
First, you can apply for funds straight from our website. Click on the Apply Now button above to go to the application form. If you have any questions or need help, you can call us at (844) 871-0628. Our lines are open 24 hours a day, seven days a week.
Through the online form, we’ll get some basic information from you. We’ll also ask about your case and get your lawyer’s information. If we need to know more, we’ll contact your attorney.
Getting Approval for Funding
Our financial experts will look over your application and determine if you qualify. If we have all of the information we need, you can hear back from us in as little as 24 hours. We’ll let you know if we approve you for funding.
Receiving Your Non-Recourse Loan
After approval, we’ll send the funds straight to your bank account. You can use them as needed for costs like:
- Medical bills
- Lost wages
- Vehicle repairs
- Living expenses
- Food costs
We do not control how you use your funds. There is no need to repay the money until you win your settlement or jury award. You can use the money to pay for your costs and ease your financial burden.
Apply for a Decatur Non-Recourse Loan in Decatur Today
Silver Dollar Financial cares about making the personal injury process less stressful. You shouldn’t have to stress about finances because someone else injured you. Our non-recourse loans can help bridge the gap between now and the moment you get your settlement.
To apply for funding today, click Apply Now above or call (844) 871-0628. We are available 24/7 and are here to help you.