While an injury can happen at a moment’s notice, your personal injury case may not have that same luxury. Personal injury cases are notorious for taking a long time to resolve. This is usually due to the defense and insurance companies’ stall tactics to get you to settle for less than what you deserve.
A non-recourse loan is an excellent option for those looking to pay off their expenses while their case gets fought out in court. If you require money fast, finding a lender who can provide non-recourse loans is the best option available.
Silver Dollar Financial can offer pre-settlement funds that are non-recourse loans. We help our clients get the money they need so they can get the settlement they deserve. You should get justice without having to worry about your financial situation. Getting a non-recourse loan will get you on the road to recovery and allow you to focus on fighting for your case. If you are in Marietta and need money now, choose Silver Dollar Financial. We are available 365 days a year and on the phones 24/7. Give us a call at (844) 871-0628 and get qualified today.
Difference Between Recourse and Non-Recourse
In order to understand non-recourse loans, it is best to compare it to a recourse loan. The main difference between a recourse and a non-recourse loan is the risk involved. For a recourse loan, the risk is mainly towards the borrower and is lender-favored. For non-recourse loans, the risk is primarily towards the lender and is borrower favored.
The Internal Revenue Service (IRS) states that the borrower is liable for recourse loans. For non-recourse loans, the borrower is not liable. In other words, if you cannot pay the loan back for a recourse loan, you are still responsible for paying for it through other means such as through your paychecks, bank accounts, or other forms of collateral. Non-recourse loans are the opposite, and you are protected from the lender trying to seek repayment through other means.
In the case of a non-recourse loan for personal injury cases, this benefits you tremendously. You can receive pre-settlement funds through a non-recourse loan, and if you lose your settlement, you do not have to pay anything back. There is no risk to you.
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How You Can Use Your Non-Recourse Loan
Non-recourse loans are flexible. Any financial obligation that you need to pay is covered upfront through the funds you receive. Here are some of the expenses you can pay off:
- Living expenses such as a mortgage, rent, utilities, food, water, etc.
- Lost wages due to your injury or injuries
- Tuition and other student expenses
- Property damage and vehicle repairs
You can also use non-recourse loans to pay off medical expenses too, such as:
- Medical bills
- Doctors visits
- Emergency room visits
These expenses only make up a shortlist of things non-recourse loans can help you pay for. You can use funds obtained from non-recourse loans on any special or general damages that may have occurred due to your injury. Whether you were injured in a dog bite, bicycle accident, car accident, malpractice, defective products, or in a nursing home, non-recourse loans will help you through it all.
Applying for Non-Recourse Loans
Applying for a non-recourse loan through Silver Dollar Financial is very easy. There are only a few steps, and they do not require much from you:
- Apply online or over the phone.
- Your case gets reviewed.
- If you are approved, you get your money.
Response times are usually 24 hours. When you apply, you only need to provide your basic information, the information of the legal team representing you, and facts about your case. We will coordinate with your legal representation and get a better understanding of your unique situation. From there, our team will review all the information received and decide whether you are qualified or not.
We do not base your qualification on your credit history or employment situation. Non-recourse loans to obtain pre-settlement funding is not a traditional loan like you borrow from a bank. Think of it as borrowing money from the settlement you will eventually win. You merely are borrowing money from yourself. Since this is a non-recourse loan, if you do not win your settlement, you owe nothing.
You can receive funding up to $100,000. From there, you are free to use whatever money you receive as needed to cover financial expenses. The process is streamlined and designed to get you answers and assistance fast.
Get a Non-Recourse Loan in Marietta Today
Non-recourse loans are in your favor. All of the pre-settlement funding we provide at Silver Dollar Financial is non-recourse. If you lose, you do not have to pay anything back guaranteed. Do not let insurance companies or the defense get the better of you and exploit your financial situation. Stay in the fight and get a non-recourse loan. With little to no risk to you, you can use a non-recourse loan to pay your bills and live without stress while seeking justice for your personal injury case.
Silver Dollar Financial does all of its work honestly and transparently. We do not use predatory tactics to take advantage of your suffering. Fighting a personal injury case can be long, arduous, and exhausting. Allow us to step in and give you the financial boost you need to keep going. We do not compromise on our ethical values and want to provide you with the best options possible for your situation. Contact our offices today and see if you qualify. You can reach us online or at (844) 871-0628. We are ready to help.