You have no idea if your North Carolina workers’ compensation claim will be successful. At this point, you are worried about how you will pay your bills until your claim is resolved. Check out North Carolina workers’ compensation lawsuit loans. These allow you to borrow against your projected settlement amount, helping you cover your bills for the foreseeable future.
Silver Dollar Financial makes it easy to get a legal loan in as little as 24 hours. Let us teach you about our North Carolina pre-settlement funding options. With our guidance, you could receive up to $100,000 in a workers’ comp legal loan. Contact us to get started.
Why You Should Consider a Workers’ Compensation Lawsuit Loan
If you suffer a work injury, you could qualify for workers’ compensation benefits. Yet, getting your workers’ comp claim approved can be tricky. Even if you submit the required paperwork in accordance with North Carolina law, your request could be denied. If this happens, you may have to cover your treatment costs and other expenses associated with your injury.
Workers’ compensation lawsuit loans in North Carolina offer financial protection. A legal loan gives you money you can use while your workers’ comp claim is in progress. Ideally, your claim is approved, and you can repay your loan at this time. If your claim is denied, you keep your loan without having to pay it back.
At Silver Dollar Financial, we want you to understand all that our legal loans entail. If you have questions about lawsuit loans for workers’ compensation cases or are ready to apply for pre-settlement funding, we are here to help. Discuss your legal loan needs with us.
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What to Expect During the North Carolina Workers’ Compensation Lawsuit Loans Process
The process for requesting workers’ compensation in North Carolina can be difficult to complete alone. A workers’ comp attorney can assist you with your claim. They want you to submit the required documentation for your claim in alignment with state law. Once your claim is filed, you can start the legal funding application process.
North Carolina workers‘ comp lawsuit loans are available at any time. If you want to get your money now, all you have to do is apply online or over the phone. Once you do, a legal loan company reviews your application materials. It prepares a custom loan quote, which it will send to you as soon as the next day.
If you get a legal loan quote and have concerns, share them with the pre-settlement funding provider. A legal loan company shares FAQs and other resources relating to pre-settlement funding for workers’ compensation claims. It ensures you can make an informed decision about whether to proceed with lawsuit funding.
The Information You Have to Provide to Receive a Workers’ Comp Legal Loan
As far as upfront fees to apply for legal funding go, there are none. You only have to submit your contact information and details about your workers’ compensation case. No credit check or review of your income history is required during the application process.
You must have a lawyer as your legal representation if you apply for North Carolina workers‘ comp lawsuit loans. This benefits you in two ways. First, your attorney advocates for you and helps you maximize your workers’ compensation benefits. Meanwhile, they speak with your legal loan company on your behalf and keep the business updated about your claim.
If your lawsuit funding request is accepted and you get a legal loan, you do not have to pay anything for it. You and your attorney work together to achieve the optimal claim results. If you receive money, only then are you required to pay back your loan.
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How Interest Works with Workers’ Comp Lawsuit Loans
A legal loan provider can explain its interest rates before you finalize your pre-settlement funding. Some lawsuit loan companies use simple interest. Others utilize compound interest. The differences between simple and compound interest are significant. Thus, it is in your best interests to learn about these differences so you can decide which legal loan is best for you.
Simple interest is percentage-based, with an interest rate that will not change, regardless of how long it takes to resolve your workers’ comp claim. This means you know what you will have to repay if you get the claim results you want. Comparatively, compound interest increases over time. If it takes years to settle your case, you could wind up paying substantially for your loan.
Ask a legal loan provider about its interest rates. Typically, a lawsuit loan company will explain these rates in depth and make sure you know how much your loan will cost. The business’s legal loan specialists can also walk you through the loan repayment process.
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How to Pay Back a North Carolina Workers’ Compensation Pre-Settlement Loan
Use the money you receive from your workers’ compensation legal loan freely. There are no limitations on how you utilize this money. Your loan will not have to be paid back unless your workers’ comp claim results in a settlement.
If you recover money in a workers’ compensation case, your lawyer will receive a settlement check. They deduct what you owe your legal funding company from this amount. Next, your attorney sends a check to your pre-settlement loan provider, and you get the remainder of your settlement total.
Alternatively, if you received a legal loan but do not get the money they want in their workers’ comp claims, you are covered. Your attorney will notify your legal loan company about this outcome. The business clears your loan balance. As such, you keep the money that was already given to you without any penalties.
Take a Look at North Carolina Pre-Settlement Funding Options for Workers’ Compensation Cases
The Silver Dollar Financial team wants you to get the most value out of your legal funding. We can give you insights into our workers’ compensation legal loans for North Carolina residents.
If you want to apply for a pre-settlement loan, we can assist you with your submission. Get in touch with us.
Call or text +1(844)871-0628 or Apply Now for Pre-Settlement Funding