You may suffer an injury due to no fault of your own. At this point, you may file a personal injury claim, which may take months or years to resolve. In the meantime, you may be able to pursue a lawsuit loan that helps you cover your day-to-day expenses.
At Silver Dollar Financial, we offer flexible Maryland pre-settlement funding options. Our team is available to discuss our legal loans. To learn more, reach out to us.
Personal Injury Claim in Maryland
There is a three-year statute of limitations for personal injury claims. You may have up to three years from the date you suffer an injury caused by someone else to seek damages. If you choose not to submit a claim within this window, you may be 100% responsible for your injury-related expenses.
You may seek economic and non-economic damages as part of an injury claim. For instance, you may get hurt in a car accident caused by a distracted driver. In this instance, with the help of a car accident lawyer, you may pursue compensation for your medical bills, damage to your car, and other accident-related losses.
You must prove a party was negligent to get compensation in an injury claim. This requires you to show that the party had a duty of care to avoid careless and reckless acts toward you and violated this obligation. Also, you must show that the party was responsible for your accident and injury and that you incurred economic or non-economic losses as a result of their actions.
Click to contact the Silver Dollar Financial Team today or Call +1(844)871-0628
Maryland Personal Injury Claim Settlement
Just because you submit a request for compensation from an at-fault party does not mean you will be awarded damages. The legal process may take months or years to complete. Additionally, an at-fault party’s insurance company may do everything possible to avoid paying you damages.
In the worst-case scenario, you may commit significant time and resources to build an argument against the party responsible for your personal injury. You may even work with an attorney to craft your argument. However, a judge or jury may rule in the defendant’s favor, which means you do not receive any compensation.
There is also the possibility you receive a settlement offer and are tempted to accept the proposal in spite of the fact it is well short of your losses. Because, if you do not have enough money to cover your everyday expenses and legal fees, you may have to give up on your case altogether. Fortunately, with a pre-settlement loan, you may be able to move forward with your case and stay afloat financially.
How Maryland Pre-Settlement Funding Works
Many types of pre-settlement funding are available. If you are involved in a personal injury lawsuit, you may qualify for a lawsuit loan. However, you may have to hire a lawyer to represent you throughout your litigation to receive funding.
There are no upfront costs with a legal loan. You may submit an application for pre-settlement funding at any point in your litigation. After a legal funding company gets your application, you may be able to get your loan in as little as 24 hours.
The team at Silver Dollar Financial can explain our legal loan options to you. Our team can work with you to help you get approved for a lawsuit loan right away. For more information, get in touch with us.
Click to contact the Silver Dollar Financial Team today or Call +1(844)871-0628
How Pre-Settlement Funding Is Different from a Personal Loan
You may request a personal installment loan if you want money quickly. A bank or credit union may offer this loan option to you. It may prove to be an inferior choice in comparison to legal funding.
To get a personal loan, you may have to provide information about your credit and income histories. In addition, the application process may be complicated, and it may take days or weeks before you get approved. If a bank or credit union accepts your request, you must pay back your loan in alignment with your lender’s terms and conditions.
Comparatively, when you submit a pre-settlement funding application, you do not need to provide information about your credit and income histories. You only need to share your contact information and details about your case, and you may receive money from your legal funding company as soon as the next day. With a legal loan, you do not have to pay back anything unless you win or settle your case.
Apply Now for Pre-Settlement Funding
Pre-Settlement Funding Application Process
You may apply for a lawsuit loan 24/7. The entire application process may be completed online or over the phone. Here are the steps of this process:
- Fill out your application. You may need only a few minutes to complete your application.
- Get approved. A legal funding company will review your request and provide you with a personalized loan quote.
- Receive your money. Once you finalize your quote, your legal funding provider will give you money you can use however you choose.
If you have concerns or questions during this process, help is available. Legal funding company specialists can walk you through each step. They can help you get a lawsuit loan that meets your expectations.
Pre-Settlement Funding Repayment
A legal funding company can answer frequently asked questions and others relating to how you pay back your lawsuit loan. The business can explain this process — and why you will not have to repay your loan unless you receive compensation. That way, you will know what to expect with your funding, regardless of how your case turns out.
If you receive compensation in your personal injury case, your attorney handles your lawsuit loan repayment. They will deduct what you owe for your legal loan from your compensation. Your lawyer then pays your legal funding company, and you receive the remainder of your settlement.
Conversely, if you do not get any compensation, you have nothing to worry about. Your attorney will notify your legal funding company. Finally, your lawsuit loan provider will clear your balance, and you keep the money that was already given to you without any penalties.
Request a Maryland Pre-Settlement Loan
Silver Dollar Financial makes it easy to receive a Maryland lawsuit loan. Our team can teach you about our legal loan options. To get started, contact us today.
Call or text +1(844)871-0628 or Apply Now for Pre-Settlement Funding