If you suffer a personal injury in Orlando due to someone else’s negligence, seek compensation. To do so, partner with a lawyer who can help you file your injury claim. Also, if you need money while your litigation is ongoing, explore all of the Florida legal funding options at your disposal.
Silver Dollar Financial is a leading provider of Orlando pre-settlement funding. We can discuss our lawsuit loan options with you. To get started, contact us today.
How an Orlando Personal Injury Lawsuit Works
Generally, there is a two-year statute of limitations for personal injury claims in Florida. This gives you up to two years to request compensation from anyone who caused your injury. If you do not file a claim within this period, you may be solely responsible for all of your injury-related costs.
Even if you ask for compensation in a personal injury claim, you are not guaranteed damages. The defendant in your case is likely to do whatever they can to contest your argument. If they succeed, you may have to pay all of your injury costs out of your own pocket.
With Orlando pre-settlement funding, you are financially protected, no matter how your injury case turns out. This funding gives you money you can use to cover your injury expenses and other costs. Meanwhile, you can pursue your case — and if you do not win or settle your claim, you keep the money from your loan.
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Personal Injury Cases Eligible for Legal Funding in Orlando
No two personal injury claims are exactly alike. Much in the same vein, many types of legal funding are available. These include loans for any of the following injury cases:
- Car accident
- Bus accident
- Slip and fall accident
- Premises liability
- Defective product
Lawsuit funding for structured settlements is also available. With this option, you can secure the money you need today based on a settlement you currently have in place. As a result, your loan helps you get money immediately and avoid small, incremental settlement payments over an extended period of time.
Benefits of Lawsuit Funding
To understand the benefits of legal funding, consider how it stacks up against personal loan options. For instance, if you request a lawsuit loan, you may get approved by the next day. Meanwhile, with a personal loan request, it may take days or weeks before you find out if you are eligible for funding.
Along with this, you only have to provide information about yourself and your case when you apply for a legal loan. If you ask for a personal loan, you may need to fill out a lengthy application. During this process, you may need to provide financial records and other personal information.
When you get a car accident loan or any other type of legal funding, repayment is based on whether you receive compensation. If you are not compensated at any point during your litigation, you keep the money your legal funding company gave you without any penalties. Conversely, with a personal loan, you are required to pay back what was provided to you, regardless of what happens in your lawsuit.
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Orlando Lawsuit Loan Requirements
To get a traditional loan, a bank or credit union will likely require a credit check, a review of your income history, and other steps. The process to receive a pre-settlement loan is much simpler. You must be involved in a personal injury case and have a lawyer to represent you, and at this point, you can request funding.
Legal funding may be available up to $100,000. A lawsuit loan company reviews each request. It accounts for your case and gives you a custom quote.
You can request an Orlando lawsuit loan right away. The team at Silver Dollar Financial can help you complete our application process. For more information, reach out to us.
Apply Now for Pre-Settlement Funding
Orlando Pre-Settlement Loan Application Process
You do not have to pay anything to apply for a lawsuit loan. The process can usually be completed in just minutes. You can fill out your application online or submit your materials over the phone.
A lawsuit loan company may be able to respond to your request in as little as 24 hours. The business will give you a quote that includes your loan’s interest rate and other terms. If you have concerns or questions about any of these terms, the business’ legal funding specialists can address them.
If you accept a pre-settlement loan, your lending provider will get your money to you as quickly as it can. Once you receive your money, use it however you decide. You can continue with your litigation, and if you get compensation, repay your loan.
Cost of a Lawsuit Loan
There are no fees when you fill out a legal funding application. A pre-settlement funding company explains the terms associated with its loan options. If you decide against funding at this time, there are no penalties.
Your legal funding does not incur any costs while your litigation is ongoing. There may be an interest rate associated with your loan. Your funding is not taxable.
There are no charges when you pay back your loan, either. Your attorney handles this process for you. They make sure your loan is paid in full as soon as you get compensation.
Orlando Lawsuit Loan Repayment Process
You never have to worry about falling behind on payments if you receive an Orlando pre-settlement loan. This is due to the fact that your loan is classified as non-recourse funding. You are under no obligation to pay back your loan unless you receive money in your lawsuit.
In the ideal scenario, your lawsuit is successful, and you get 100% of the damages you originally requested. You will get a settlement check. To pay back your lawsuit funding, your attorney deducts what you owe from your settlement and gives you the remainder.
On the other hand, you may not get any money in your lawsuit. If this happens, there is no need to stress. Your lawyer will notify your legal funding provider about your case result, and you do not have to pay them anything.
Apply for Pre-Settlement Funding in Orlando
If you are interested in legal funding, Silver Dollar Financial can help you out. Our team is available to learn about your case and share our lawsuit loan options with you. To find out more, contact us today.
Call or text +1(844)871-0628 or Apply Now for Pre-Settlement Funding