You are seeking damages due to a personal injury caused by someone else. There is no telling when you may get compensation from an at-fault party. Fortunately, Memphis car accident loans and other lawsuit funding options are available that you can use to help you cover your expenses until your case is settled.
At Silver Dollar Financial, we offer Memphis pre-settlement funding for a wide range of personal injury cases. Our team is available to discuss our lawsuit loan options with you. To get started, contact us today.
Memphis Personal Injury Claim
According to Tennessee Code Annotated §28-3-104, there is a one-year statute of limitations for personal injury claims. This means you may have up to one year from the date you suffer an injury to sue an at-fault party. If you decide not to submit a claim within this window, you may be 100% responsible for your injury-related losses.
There are many reasons why people submit injury claims. These include car accidents, medical malpractice, and defective products. A personal injury attorney can review your case and help you determine if now is the right time to request compensation.
Just because you file an injury claim does not guarantee you will get compensation. An injury case may take months or years to resolve. Even if you go through the legal process and present a strong argument, a judge or jury may rule against you, forcing you to pay all of your injury-related costs out of your own pocket.
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Pre-Settlement Funding Definition
You may wonder what a personal loan is and pre-settlement funding is. Both can help you get money you can use for the duration of your personal injury case litigation. However, there are notable differences between them.
To get a personal loan, you may have to submit an application through a bank or credit union. A lender may ask for your credit score, income history, and other financial information. It may take days or weeks to approve your request, and if it does, you will have to pay back your loan in accordance with your lender’s terms and conditions.
With pre-settlement funding, a lawsuit loan company looks exclusively at your personal injury claim. It uses this information to determine how much money it can give you. There are no monthly payments required with a legal loan, and you do not have to pay it back unless you win or settle your case.
How Memphis Pre-Settlement Funding Works
There are many types of pre-settlement funding in Memphis available. A legal loan company can learn about you and your injury case. From here, lawsuit loan specialists can help you find a loan that lines up with your expectations.
To receive legal funding, you only have to hire an attorney to represent you and be involved in an injury case. Your lawyer can handle communications between you and your legal funding company. They can let your lawsuit loan provider know when your case is resolved.
Silver Dollar Financial has an outstanding track record with lawsuit funding requests. Our lawsuit loan specialists can explain our legal loan options to you and answer any questions you have about them. For more information about our pre-settlement loans, reach out to us.
Click to contact the Silver Dollar Financial Team today or Call +1(844)871-0628
Legal Funding Application Process
A legal loan company focuses on helping you get your money now. This is reflected in the legal funding application process. Here are the steps you will need to complete to secure a pre-settlement loan:
- Apply: Fill out an application and submit it online or over the phone.
- Get Approved: A legal funding provider can approve a loan request within 24 hours.
- Receive Your Money: After you finalize your funding request, your legal loan provider will send your money.
You may be able to complete the lawsuit loan application process in just minutes. If you want help along the way, legal funding specialists can assist. These specialists can teach you about legal funding and help you choose a loan that gives you the money you need right away.
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Lawsuit Loan Cost
You may have concerns about the upfront fees to apply for legal funding. If you apply for a lawsuit loan, you do not have to pay anything. This is true regardless of whether you accept a legal funding quote.
After you receive your legal loan, you can use your money however you choose. There is no need to make payments on your loan. Your legal funding company explains the interest rate for your loan before you finalize your funding request and makes sure you understand what it entails.
If you win or settle your case, you will receive compensation. At this point, you are required to pay back your loan. Alternatively, if your case is unsuccessful and no damages are awarded, your legal funding company takes full responsibility for your loan balance.
Pre-Settlement Loan Repayment
In terms of whether you are required to repay a non-recourse loan, the answer depends on the result of your personal injury case. Your lawsuit funding company will explain its repayment process to you as you move through the pre-settlement loan application process. At the conclusion of your case, you will find out if you have to pay back your loan.
In the best-case scenario, you get the damages you requested in your injury case. If you previously received a lawsuit loan, you can pay it back out of your compensation. Your attorney can deduct your loan balance from your compensation, pay your lawsuit funding provider, and give you the remainder of your damages.
Request a Memphis Pre-Settlement Loan
For those in the middle of a personal injury case who want money as soon as possible, the team at Silver Dollar Financial may be able to help you out. We can go over our Memphis pre-settlement funding options with you. To learn more, contact us today.
Call or text +1(844)871-0628 or Apply Now for Pre-Settlement Funding