You may suffer an injury due to no fault of your own. At this point, you may file an injury lawsuit in which you seek damages from a liable party. You may also want to pursue Maine pre-settlement funding.
At Silver Dollar Financial, we offer pre-settlement loans ranging anywhere from $1,000 to $100,000. You may be able to secure lawsuit funding in as little as 24 hours. For more information about our types of funding, reach out to us today.
How Pre-Settlement Funding Works
There are many types of funding available to plaintiffs in injury cases. Once you hire an attorney, you may be able to explore many legal loan options. If you get a pre-settlement loan, you receive money contingent on the result of your case.
A lawsuit loan company looks closely at the facts surrounding your case. It does not request a credit check, review of your income history, or an employment check. Instead, the business considers the damages you may get before it gives you a custom quote.
If you accept a legal loan quote, you will get your money right away. You may use this money to cover your daily expenses. If your case is unsuccessful, you keep the funding that was given to you without incurring any penalties.
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When to File a Personal Injury Claim
In Maine, there is generally a statute of limitations of six years for personal injury cases. For example, you may get hurt in an auto accident caused by a negligent driver. You may have up to six years from the date of your accident to request damages.
You may seek economic and non-economic compensation as part of an injury claim. A judge or jury may award economic damages for quantifiable losses, including medical bills or lost wages. You may receive non-economic damages for pain and suffering.
Just because you submit a claim does not guarantee that you will recover damages. At Silver Dollar Financial, we ensure that you get compensation, regardless of how your claim turns out. Contact us today to learn more about our pre-settlement funding in Maine.
What to Expect After You Submit an Injury Claim
You may ask for compensation through an insurance company. As an example, there is insurance required by law for motorists in Maine. If a driver does not buy insurance or lacks sufficient coverage, they are breaking the law.
Of course, an at-fault party’s insurance company is more focused on their client’s best interests than yours. The business may do whatever it can to dispute your claim. This may make it difficult to get the compensation you want.
You may partner with an injury lawyer who will help you tackle any legal challenges that come your way. An attorney may negotiate with a liable party and their insurance provider on your behalf. Also, they may help you get a pre-settlement loan.
Click to contact the Silver Dollar Financial Team today or Call +1(844)871-0628
Legal Loan Application Process
If you want to get your money now, you will need to fill out an application for a lawsuit loan. The application process may take just a few minutes of your time. You may submit your materials over the phone or online.
A legal loan company quickly reviews your application. The business will give you a custom quote, which includes details about your loan and its interest rate. If you approve your quote, you may get your money as soon as the next day.
Over the course of your litigation, you do not have to make monthly payments on your loan. Your attorney keeps your pre-settlement funding company up to date about your case. If you win or settle your case, only then do you have to repay your loan.
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When to Apply for a Lawsuit Loan
You may apply for personal injury lawsuit loans at any point in your injury case. To do so, you must hire an attorney. This gives you access to a legal representative who will do everything within their power to help you maximize your damages.
A lawsuit loan is very different from one you may receive from a bank or credit union. In terms of the application process, you may need to submit information about your credit, income, and employment histories to secure a traditional loan. This is simply not the case with pre-settlement funding.
When you get your lawsuit funding, there are no restrictions on how you use it. Your funds may help you cover your medical bills and other expenses. They may also help you pursue your claim to the fullest extent.
Lawsuit Loan Cost
You may be wondering if there are any upfront costs to apply for legal funding. You do not have to pay anything to submit a loan application, even if you do not move forward with funding. There are no processing fees or other charges during the application process, either.
With a legal loan, you may be billed interest. The best pre-settlement loan company charges simple interest, which represents a small percentage of your entire loan amount. Alternatively, if a legal funding company charges compound interest, you may have to pay a significant amount to cover your loan costs if your case is successful.
Your legal loan company should be transparent with you as you evaluate your funding options. This business will have friendly, knowledgeable staff members available to answer your lawsuit funding questions. It will help you make an informed decision about whether to get funding.
Pre-Settlement Loan Repayment
You may have concerns about whether you are required to repay a non-recourse loan. Paying back your legal funding depends on the result of your case. If you are awarded damages, you will have to repay your loan, and your attorney will handle this process for you.
When you get your case settlement, your lawyer will deduct your legal loan balance from it. Next, they will send a check to your pre-settlement funding company to cover this balance. Lastly, you will receive the remainder of your settlement.
On the other hand, consider what will happen if you do not get any damages. You may be disappointed with the result of your case, but you will not have to repay your legal loan. In this scenario, your lawyer notifies your legal funding company about this result, and this business clears your loan balance.
Request Pre-Settlement Funding
It is easy to get a lawsuit loan. The team at Silver Dollar Financial can help you submit your request for pre-settlement funding. To get started, contact us today.
Call or text +1(844)871-0628 or Apply Now for Pre-Settlement Funding