If you suffer a personal injury in Hempstead Town, NY, due to no fault of your own, you may need to file a claim against the at-fault party. It can take months or years before your case gets resolved. In the meantime, request New York legal funding, which can help you stay afloat financially.
When it comes to pre-settlement funding in Hempstead Town, there may be no better choice than Silver Dollar Financial. We offer lawsuit loans ranging from $1,000 to $100,000. For more information, reach out to us.
How Much Time You Have to Submit a Personal Injury Claim in Hempstead Town
In New York, there is a three-year statute of limitations relating to personal injury lawsuits. For most of these lawsuits, you have up to three years from the date you suffer an injury. If you decide not to submit a claim during this period, you lose the right to do so at a later time.
If you are involved in a car accident or any other incident in Hempstead Town that leaves you with a personal injury, hold the at-fault party accountable. Oftentimes, you can request compensation from the negligent party’s insurance company. However, there can be times when an insurance policy does not offer sufficient coverage, which means you may have to file an injury lawsuit to get full compensation for your losses.
A personal injury lawyer in Hempstead Town can discuss your legal options with you and help you decide if now is the right time to file a lawsuit. They can also explain the ins and outs of Hempstead Town pre-settlement funding to you. With this funding, you receive money that you can use while you and your lawyer work together to resolve your injury case.
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Pre-Settlement Funding vs. Personal Loans in Hempstead Town
Lawsuit funding is legal in New York and across the United States. It is similar to a personal loan since it gives you money that you may eventually have to pay back to your lender. Yet, it is important to note that a personal loan and pre-settlement funding are not 100% identical.
If you apply for a personal loan, you may have to provide information about your income and undergo a credit check. Along with these things, a bank or credit union may need a few weeks to evaluate your application and determine if they can approve it. If your request is accepted, your lender gives you a loan that comes with various terms and conditions, and you must repay it accordingly.
Comparatively, a lawsuit loan is based on a projected settlement in your personal injury case. If you are involved in a medical malpractice lawsuit or any other type of injury lawsuit, you may be eligible for this type of funding, regardless of your income or credit. Plus, your funding is contingent on the possible outcome of your case — if you do not win or settle your lawsuit, you do not have to pay back your loan.
How to Qualify for a Pre-Settlement Loan in Hempstead Town
There are minimal qualification requirements for lawsuit funding. You do not need to complete a credit check or pay anything upfront to submit an application. Here are some of the things that you may need to do to secure pre-settlement funding:
Hire a Lawyer
If you do not have an attorney to represent you in your personal injury case, hiring one is beneficial. Your lawyer can help you prepare an argument that compels a judge or jury to rule in your favor. On top of that, they can keep your lawsuit loan company up to date about your case.
File an Injury Lawsuit
A pre-settlement funding company considers your lawsuit as it tries to figure out how much money to offer. The business looks at the projected settlement amount, the strength of your case, and other factors. It then gives you a personalized legal loan quote.
Fill Out an Application
It does not take too long to apply for a lawsuit loan. Typically, the process can be completed in minutes. You may have the option to fill out your application online or over the phone with a legal funding specialist.
To get more information about whether you qualify for a pre-settlement loan, consult with a legal funding company. The team at Silver Dollar Financial is available to explain our lawsuit funding options. To learn more, contact us today.
Benefits of a Pre-Settlement Loan
Lawsuit loans are available for many types of cases. If you suffer an injury and are involved in a case against an at-fault party, you may qualify for legal funding. In this situation, you may find that there is a lot to like about pre-settlement funding, including:
- Fast Application Process: After your request for a pre-settlement loan gets approved, a lawsuit funding company may be able to get money to you in as little as 24 hours.
- Low-Interest Rate: A legal funding provider may use a simple interest rate, which helps keep the cost of your loan as low as possible.
- Flexibility: You can use the money you receive from your loan however you choose.
- No Need to Repay Right Away: You are only required to repay your legal funding if you get compensation in your case.
- No Hidden Fees: There are no fees if you submit a lawsuit loan application, and a legal funding company is upfront and honest about all of the costs associated with its offerings.
If you are considering a lawsuit loan, find a provider that puts its clients front and center. Ideally, your legal funding company will have a proven reputation and understand the needs of its clientele. The company will also employ friendly, knowledgeable loan specialists who can make it easy to get lawsuit funding that matches your expectations.
Apply Now for Pre-Settlement Funding
Submit Your Request for Hempstead Town Lawsuit Funding
Do not leave your legal funding to chance. Partner with Silver Dollar Financial, and we can help you get a lawsuit loan that suits you perfectly. To get started, contact us today.