When you find yourself injured from an accident and struggling to cover your daily expenses and mounting medical bills, you should consider applying for Indiana pre-settlement funding from Silver Dollar Financial. Let us help you cover your finances with a lawsuit loan while you focus on your recovery.
How Pre-Settlement Legal Funding Works in Indiana
Pre-settlement legal funding is an advance on your personal injury lawsuit settlement. If you are working with an attorney and currently have a legal claim seeking compensation for injuries or losses you sustained in an accident, you may be eligible for pre-settlement legal funding.
Sometimes lawsuits can take months or even years to reach a settlement, and in that time, you may feel like you are drowning in medical bills and daily expenses that you just cannot cover because you are out of work.
Click to contact the Silver Dollar Financial Team today or Call +1(844)871-0628
Qualifying for an Indiana Lawsuit Loan
A pre-settlement loan is different from a regular loan in the sense that they are repaid very differently. The only repayment that will be made comes from your personal injury settlement. If your case does not reach a settlement, there is no repayment required to us, and we will not seek further payment or take collateral from you.
The following is a breakdown of the pre-settlement funding process:
Hire a Lawyer and File a Legal Claim
In order to be approved for a pre-settlement loan, you must be working with an attorney and have a legal claim already started in a state or federal court. Your lawsuit does not have to go to trial in order to receive funding. An attorney must handle your case because we work directly with them throughout the claims process to ensure you are getting the correct amount of funding.
Apply for a Pre-Settlement Loan
Once your legal claim has been filed in an Indiana court, contact Silver Dollar Financial with the details of your case so that we can contact your attorney to discuss your specific situation. We will look at information such as the potential value of your legal claim and the chances that your claim will result in a settlement.
After reviewing this information, we will determine how much we can offer you in pre-settlement funding. Typically we offer between 10-15% of the potential value of your settlement but can offer no more than 20%.
Use the Funds to Cover Your Expenses
If you decide to accept the offer from Silver Dollar Financial, we will finalize your documents and get the money into your account within 24 hours.
We Never Restrict How You Spend Your Money
Once you get your pre-settlement funding, it is yours to use how you please. Most people use the funds to catch up on their mounting medical expenses from the accident and then use them for other daily expenses. The most common ways that our clients use the funding they receive from Silver Dollar Financial include the following:
- Medical expenses, including doctor’s visits, prescription medications, surgeries, physical therapy, and counseling
- Lost wages and income from bonuses
- Property damage to your vehicle or personal property from the accident
- Rent or mortgage payments
- Utility payments, such as electricity, internet, heat, and water
- Tuition payments for private school or college for yourself or your dependents
- Weekly food expenses
- Clothing for yourself and your family
- Vehicle payments
Silver Dollar Financial puts no restrictions on the way you can use your pre-settlement funding. Once the money is sent to you, you are allowed to use it in any way that you need while waiting for your personal injury lawsuit to be settled.
Click to contact the Silver Dollar Financial Team today or Call +1(844)871-0628
What Makes Pre-Settlement Funding Different from a Bank Loan
People often think that pre-settlement funding is the same as a regular bank loan. With a regular loan, you must repay the loan no matter your financial situation, and sometimes you have to put down collateral to secure the loan. Regular loans require you to agree to set monthly payments and often come with high interest rates.
You are responsible for making the monthly payments until the full amount is paid off. In addition, the bank will ask for information such as your credit history, your monthly income, and your credit score. Their decision is based solely on your financial ability to repay the loan.
Lawsuit Loans Are a Better Option
With pre-settlement funding, this is not the case. We never look at your monthly income, credit history, or credit score. We will only look at the potential value of your personal injury case. You will never have monthly payments to pay back your pre-settlement funding.
Any repayment will come directly out of the settlement you receive. If your case does not end with the expected settlement, you will owe Silver Dollar Financial absolutely nothing! We will never go after you for collateral or payments.
Apply Now for Pre-Settlement Funding
How do I Know If My Case Qualifies for Pre-Settlement Funding in Indiana?
If you currently have a valid lawsuit that your attorney is helping you with and are waiting for settlement funds, your case may qualify for pre-settlement funding. Some of the cases that can qualify for funding include:
Bicycle and Pedestrian Accident Cases
Bicyclists and pedestrians are often severely injured in a collision with a vehicle. If you have been the victim of a bicycle or pedestrian accident in Indiana, you can seek compensation from the person or government entity liable for your injuries.
Truck Accident Cases
Truck accidents occur frequently on Indiana roadways. If you suffered injuries and damages from a truck accident, funding can help you while you await your settlement.
Premises Liability Cases
An Indiana property owner is responsible for keeping you safe while you visit their premises. If you were injured while visiting public or private property, you are entitled to seek compensation for your damages.
Get Help from Our Loan Specialists at Silver Dollar Financial Today
If another person’s negligence caused you injuries in Indiana, you can apply for a pre-settlement lawsuit loan from Silver Dollar Financial to help you cover your medical costs while you wait for your settlement to be finalized. Apply today to get started with getting the funds you need.
Call or text +1(844)871-0628 or Apply Now for Pre-Settlement Funding