Peachtree City Non-Recourse Loans
Many people in Peachtree City become worried when they hear the word “loan.” Borrowing money can be a scary business if you don’t trust the lender. However, if you need cash now, there is an easier way: Peachtree City non-recourse loans.
At Silver Dollar Financial, we provide up to $100,000 in pre-settlement funding. If you are waiting on a personal injury settlement but need money now, we can help. Our non-recourse loans are not the same as traditional loans.
We offer a portion of your pending settlement to use now. You only pay us back when you win your compensation. If you don’t end up winning, you don’t have to pay us back. To get started today, click Apply Now above or call (844) 871-0628.
Recourse Loans vs. Non-Recourse Loans
According to the Internal Revenue Service (IRS), there are two types of loans:
- Recourse loans
- Non-recourse loans
The difference between each type of loan is crucial. Recourse loans come with a lot more risk.
1. Recourse Loans
Recourse loans hold the borrower personally responsible. If someone cannot pay back a recourse loan, the lender can come after property, wages, etc.
2. Non-Recourse Loans
With a non-recourse loan, the borrower is not personally responsible:
- The borrower puts down something as collateral when they take out the loan.
- If the borrower cannot pay back all of the money, the lender can only take the collateral.
- The lender cannot come after anything else from the borrower.
For example, say someone takes out a non-recourse home loan from a bank. The home is the collateral. If the borrower cannot pay back the loan, the bank can take the house. It cannot come after the borrower’s other assets.
At Silver Dollar Financial, we only provide non-recourse funding. Plus, our process is much lower risk than a home loan. Instead of loans, we provide pre-settlement funding.
Your pending settlement acts as the collateral. You only have to pay back the cash we sent based on your settlement. If you don’t win a settlement, you don’t pay anything back.
How a Non-Recourse Loan Can Help Your Case in Peachtree City
After an injury accident in Peachtree City, you will have damages like:
- Medical bills
- Future medical care
- Lost wages
- Vehicle damage
- Physical therapy
- Pain and suffering
On top of your accident costs, your injuries might prevent you from working. You might struggle to pay for rent, utilities, groceries, and other living expenses without a regular income.
Although the at-fault party should cover your injury losses, justice takes time. You will need to file a personal injury claim. Then, your attorney will probably have to negotiate a higher settlement. In some cases, you might need to go to court.
Personal injury cases can take months or even years to end. While you wait for your case to settle, you might need cash now. This is where non-recourse funding helps.
Benefits of Non-Recourse Legal Funding
Non-recourse loans come with a lot less risk than recourse loans. In the context of a personal injury case, there are many advantages. Here are some of the main reasons our clients choose non-recourse funding.
Protect Yourself from the Pressure to Settle Sooner
After you file a personal injury claim, the insurance company will probably send a counteroffer. From there, your attorney will need to negotiate for a fair settlement.
Sadly, the insurance company knows that you’re probably desperate for your settlement. They might try to stall the process, hoping you’ll accept less to get paid sooner. Because of your financial burdens, you might feel forced to settle for less.
Pre-settlement funds help you stand up against stalling tactics. A cash advance lets you cover your most worrying costs, such as high medical bills. With your bills paid, you can focus on fighting for the compensation you deserve.
Peace of Mind for Your Financial Situation
Life doesn’t wait for a personal injury case. You might face late bills, debt, and bill collectors. All of this is unfair to you since you didn’t cause your injuries in the first place.
With non-recourse funding, you can pay for your costs while waiting for your compensation. Silver Dollar Financial provides financing based on your pending settlement. The money we send just allows you to enjoy part of your settlement sooner.
No Repayment Until You Win Your Settlement
Since our funding is non-recourse, there’s no risk if you don’t win your case.
When you get your settlement, you pay us back from what you win. Then, you keep the rest! If you don’t win a settlement, you don’t have to worry.
At Silver Dollar Financial, we understand that claims don’t always go as planned. When we approve you for funding, we know we’re taking on that risk. If you end up not winning a settlement—for whatever reason—you’re off the hook. You don’t have to pay us back.
Non-Recourse Loans: Cash Now without the Risk
Non-recourse pre-settlement funding is stress-free and straightforward. With non-recourse loans, you are not personally responsible if you don’t repay the money. With Silver Dollar Financial’s pre-settlement funding, the process is even less risky.
Our funding is like a cash advance to yourself. You get money from your future settlement amount. In as little as 24 hours, you could have up to $100,000 from your pending compensation.
You don’t have to stress about how to pay your bills or living costs. Non-recourse funding provides what you need now so that you can fight for what you deserve.
Apply for a Non-Recourse Loan in Peachtree City Today
Personal injury cases are stressful and complicated. If you need funding before your case settles, Silver Dollar Financial can help.
We have a three-step process to get you the funds you need:
- You apply with us in just a few minutes. Click on Apply Now above to get started. Enter the basic information we request. We do not need your credit score.
- We quickly review your case. We’ll speak to your attorney about the details. If we need more information, we’ll reach out immediately.
- You get the cash you need. Often, you can get approval in as little as 24 hours. We’ll send the funds to your bank account. They’re yours to use as needed.
When you get your settlement, you pay us back from what you win — and keep the rest. If you don’t end up winning compensation, you don’t have to pay us back.
To apply today, click Apply Now above or call us at (844) 871-0628. Our experienced and compassionate team is here to help you.