Seek legal help if you get into an accident that leaves you with a personal injury. With help from a lawyer, you can request damages from any at-fault parties. Along with this, you may be eligible for Detroit pre-settlement funding.
The team at Silver Dollar Financial can teach you about the different types of loans available to those involved in personal injury lawsuits. You could get a legal loan from us in as little as 24 hours. Reach out to us today.
What to Expect with Pre-Settlement Funding in Detroit
Many pre-settlement loan options are available. For example, you get hurt in an auto accident and want to receive money based on the lawsuit you filed against a liable motorist. In this situation, explore Detroit car accident loans, and you could receive funding right away.
To request a Detroit pre-settlement loan, you only need to hire a lawyer and share information about your case with a legal funding company. Your attorney handles your communications with your lawsuit loan provider. During the application process, pre-settlement funding looks exclusively at details about your case.
Silver Dollar Financial keeps things simple throughout the legal loan application process. We can help you at each stage and put you in a great position to secure legal funding that meets your expectations. Contact us.
Click to contact the Silver Dollar Financial Team today or Call +1(844)871-0628
When to Apply for a Pre-Settlement Loan in Detroit
Per MCL-Section 600.5805, you may have up to three years from the date you suffer a personal injury to sue a liable party for damages. In your lawsuit, you can ask for economic and non-economic damages. By requesting maximum damages, you can position yourself to get the most money possible via a legal loan.
As soon as you file your lawsuit, you can ask for a lawsuit loan. To get your money now, complete your pre-settlement funding application online or over the phone. The process may take just a few minutes, and if you want help, legal funding specialists can assist you.
After you submit your application, a legal loan company will review your request and give you a loan quote. In your quote, you will receive details about your loan’s interest rate and how much money you can receive. If you approve your quote, your pre-settlement funding company will provide you with money immediately.
Reasons to Choose Legal Funding Over a Personal Loan
Personal loans may seem like excellent options for those who need money as they sue someone as part of an injury lawsuit. Examine these loans carefully, and you may discover that legal funding is a superior option. Here are some of the reasons why.
Limited Information Required
If you apply for a personal loan, a bank or credit union may conduct a credit check and review your income history. With legal funding, you do not have to provide this information. As such, your credit score and past earnings have no impact on a lawsuit funding provider’s decision to approve your request for money.
Fast Approval
A bank or credit union may need days or weeks to respond to your personal loan request. The approval process is much faster with lawsuit loans. You may get approved for a legal loan within one day of when you submit your application.
No Pressure to Pay Back Your Loan Until Your Case Is Resolved
With a personal loan, you have to pay it back, regardless of how your injury lawsuit turns out. A pre-settlement loan is 100% contingent on your case results. If you do not get a settlement, your legal loan company covers your loan balance.
If you are unsure about whether a lawsuit loan is right for you, ask for help. A pre-settlement funding company employs legal loan specialists who will give you insights into your options. These specialists can explain the ins and outs of pre-settlement loans and, if you are ready to get one, help you submit your application materials.
Click to contact the Silver Dollar Financial Team today or Call +1(844)871-0628
Legal Loan Costs
You are worried you will have to pay upfront fees to apply for legal funding. Fortunately, a pre-settlement funding company is honest and transparent about all of the costs associated with its loans. During the lawsuit loan application process, you will incur no fees or other hidden charges.
While a traditional personal loan requires monthly payments, legal funding does not. You have the option to use your legal funding any way you would like. If your case is successful, payment is required, and your attorney takes care of this for you.
With legal loan repayment, your lawyer deducts what you owe from your settlement amount. They send a check to cover your loan balance. You get the remainder of your settlement, and your loan balance is paid in full.
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Expenses Covered by a Pre-Settlement Loan
You may have to deal with medical fees, lost wages, and other quantifiable and subjective losses due to another party’s negligence. Thankfully, you are seeking damages for these in your personal injury lawsuit. Meanwhile, you can use your legal funding to stay afloat financially while your litigation is ongoing.
Legal loans are ideal if you want money but have a low credit score or little to no income history. If you get a pre-settlement loan, you have money available to cover your daily expenses. Plus, your loan allows you to invest time and resources into your lawsuit and pursue your case to the fullest extent.
Keep in mind that you are not always required to repay a non-recourse loan. In the best-case scenario, you receive damages, and you pay back your legal loan out of your settlement. Alternatively, if your case is unsuccessful, you keep your entire loan balance without any penalties.
Contact Us Today for Detroit Pre-Settlement Funding Options
If you are injured in an accident, you may not have to wait to get compensation through a lawsuit. At Silver Dollar Financial, we provide legal funding in Detroit, and our team is available to teach you about our pre-settlement loan options. Contact us today for more information.
Call or text +1(844)871-0628 or Apply Now for Pre-Settlement Funding