If you have a pending personal injury case, you might need money now. You can apply for a settlement loan, but it’s essential to understand the right type. There are two types of loans: recourse and non-recourse. At Silver Dollar Financial, we provide Georgia non-recourse loans.
Get money as quickly as possible in three easy steps. To get started for free, click Apply Now above or call (844) 871-0628.
Recourse Versus Non-Recourse Loans
To understand non-recourse loans, we have to look at the difference between recourse and non-recourse.
Most loan programs follow a recourse structure. With a recourse loan, the lender can come after you if you don’t pay the money back. The lender might force the borrower to pay them back by:
- Taking personal possessions.
- Collecting money from their wages.
- Withdrawing from their bank account.
- Filing a lawsuit against them.
Recourse loans are better for the lender. The lender knows they can take anything from the borrower if they don’t repay the loan. If you are looking for a settlement loan, stay away from recourse lenders.
On the other hand, a non-recourse loan benefits you as a borrower. With a non-recourse loan, the lender cannot claim any of the borrower’s assets. If there is still a balance at the end, the lender takes the loss.
Click to contact the Silver Dollar Financial Team today or Call (844)871-0628
Georgia Non-Recourse Settlement Loans
Personal injury lawsuits take time to settle. Some injury victims end up waiting years for payment. Plus, trials come with a lot of risk. That’s why, if you need a settlement loan, non-recourse financing is best.
In Georgia, the at-fault party in an accident is responsible for the costs. As the injured party, you can seek compensation for your damages (Georgia Code Section 51-1-6). However, the at-fault party might take their time to pay up. They know that the longer they wait, the more desperate you will become to settle your case.
The statute of limitations for injury cases in Georgia is two years (Georgia Code Section 9-3-33). You might need time to build your case, which means you could wait for years to get started. That’s a long time to go without the funds you need.
How the Loan Process Works
While you wait for your case to settle, you will have expenses. To cover your costs, you can apply for a non-recourse loan. Here’s what that means:
- You apply for a non-recourse loan with a trusted lending company.
- The lender pays your settlement amount in a lump sum.
- You can use the loan to cover your injury costs and other immediate expenses.
- When your case settles, you pay the lender directly from your settlement funds. There are no out-of-pocket costs.
- If you do not win your case, you don’t have to pay back the settlement loan.
The above is how we operate at Silver Dollar Financial. You should not have to stress about your costs while you wait for the money you deserve. Apply today and get up to $100,000, risk-free. Click the Apply Now button or call (844) 871-0628 to get started.
A recourse loan protects you from unexpected payments. You don’t have to worry about upfront or out-of-pocket costs. If you don’t end up winning your case, you don’t have to worry about paying the loan back.
Personal Injury Cases and Non-Recourse Loans
Silver Dollar Financial provides non-recourse loans for cases like:
- Car accidents
- Truck accidents
- Bicycle accidents
- Slip and fall accidents
- Medical malpractice
- Wrongful death
- Dog bites and attacks
If injured by another’s negligence, you can apply for a pre-settlement loan. You can get approved for the money you need in as little as 24 hours.
Apply Now for Pre-Settlement Funding
Advantages of a Non-Recourse Loan
The loan process should not have to be stressful. A non-recourse loan gets you the money you need without worrying about repayment. Here are some of the top benefits of this type of settlement loan.
You’re in Control
Insurance companies often treat personal injury cases as a waiting game. The insurer or defense attorney will try to wait you out. They know that you are probably financially strained after your injury. They’ll drag out the process hoping that you’ll agree to a lower settlement to get your money.
With a settlement loan, you take your power back. Since you have the money you need, you’ll be more comfortable standing firm. You can fight for the settlement you deserve and come out on top.
No Upfront Costs
Getting your non-recourse loan costs nothing upfront. When you get your settlement, your loan repayment comes right out of your settlement — not your pocket. If you don’t end up winning your case, you don’t have to pay us back.
No Risk to You
The nature of a non-recourse loan benefits you more than the lender. And a good lending company is happy to have this setup for their clients. You won’t have to stress about repayment or late bills as you wait for your settlement.
How to Get a Non-Recourse Loan
Applying for a non-recourse settlement loan is simple with Silver Dollar Financial. We’ve designed it to be as straightforward as possible for you. Here’s how it works:
Step 1: Apply Online
We’ll need some basic information from you to get started. Fill out our online form in just a few clicks. If we need more information from you, we’ll reach out.
Note that your credit score does not impact the review process.
Step 2: We Look Over Your Application
Our friendly team will look at your application and talk to your lawyer. If we have all of the information we need, we’ll contact you if you’re approved. We can get back to you in as little as 24 hours.
Step 3: You Get Your Fast Cash
If we approve your application, you get paid. We’ll hand over up to $100,000 as a pre-settlement non-recourse loan. You can use this instant money in whichever way you need it while you wait.
Apply for a Georgia Non-Recourse Loan at No Risk
We know how important it is to support yourself and your family after an injury. You shouldn’t have to suffer because of someone else’s negligence. At Silver Dollar Financial, we’re happy to receive your application and see how we can help.
Contact us today to get started with the pre-settlement loan process. Click Apply Now above or call us at (844) 871-0628 to begin now.