When you are having trouble covering your costs after a difficult lawsuit or insurance claims process, waiting for your settlement funds to come in can seem impossible. Fortunately, accessing a non-recourse loan may be the best option when you want to avoid further financial straits.
Although you may believe taking out another loan is not in your best interest, a Peachtree Corners non-recourse loan is different from a traditional bank loan. Be sure to contact our experienced loan specialists at Silver Dollar to learn more about whether you qualify and how much we could send to your bank in as few as 24 hours.
What Are Non-Recourse Loans in Peachtree Corners?
While waiting for a pending insurance settlement or a civil claim to come in, you may be exploring your options for financial relief. After dealing with a civil claim or injury, your life may have been significantly affected, making it impossible for you to continue to earn a living or provide for your family. Financial relief is only a few clicks away when you apply for Peachtree Corners non-recourse loans.
Non-recourse loans do not require collateral the same way traditional bank loans do. You never have to pay back a Peachtree Corners lawsuit loan unless your attorney wins your case. You never have to worry about Silver Dollar loan specialists sending your account to collections if your attorney loses your case.
Many people are concerned that their personal bank accounts will be at risk of wage garnishment if they cannot pay back their non-recourse loans. However, none of these concerns are necessary when you obtain a non-recourse loan from Peachtree Corners. Here, you can simply get a cash advance on your insurance or civil claim to cover your costs now instead of waiting.
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Are Non-Recourse Loans from a Bank?
No, non-recourse loans are not from a bank. When applying for a traditional bank loan, the bank will need to determine your creditworthiness. This determines whether they consider you to be a high-risk debtor.
If the bank or financial institution deems you a credit risk, they can reject your loan application or require you to pay astronomically high-interest rates to get your loan approved. This compound interest could have a devastating impact on you financially in the long run.
Our non-recourse loans are not dependent on your ability to pay them back with a source of income. We understand that your injury or lawsuit may have made it challenging or impossible for you to continue earning a living. For this reason, you do not need to provide us with copies of your paystubs or other proof of income the way you would if you were applying for a bank loan.
Why Take Out a Non-Recourse Loan?
There are several reasons why you may find it necessary to take out a non-recourse loan from Silver Dollar. Although it is only a matter of time before your settlement comes in, while you are waiting, it may be challenging or difficult for your family to continue to thrive. Many people dealing with personal injury lawsuits and civil claims find that they have exorbitant medical expenses, unforeseen costs, and other issues that seem to keep them in debt and struggling.
A non-recourse loan in Peachtree Corners may be your best option if you hope to escape financial instability. You do not need to continue to struggle financially. If you have a pending settlement, there is no need to sit by and wait for the settlement to come in when you could take out a non-recourse loan and get an advance on your legal funds.
Some of the different types of civil claims and personal injury lawsuits that may warrant pre-settlement legal funding through a non-recourse loan include:
- Defective product claims
- Defective medical device lawsuits
- Slip and fall accident claims
- Car accident lawsuits
- Truck accident lawsuits
- Pedestrian accident lawsuits
- Motorcycle accident lawsuits
- Bicycle accident lawsuits
- Swimming pool accident claims
- Trampoline accident claims
- Dog bite lawsuits
- Other premises liability lawsuits
- Medical malpractice lawsuits
- Nursing home abuse lawsuits
- Birth injury lawsuits
- Work injury claims
- Qui tam lawsuits
- Employment law violation claims
- Whistleblower lawsuits
Qualifying for a Peachtree Corners Non-Recourse Loans
Are you ready to apply for a Peachtree Corners non-recourse loan? Let’s see if you qualify:
- Are you 18 years of age or older?
- Are you working with an attorney to deal with your insurance or civil claim?
- Does your attorney expect you to be awarded compensation in your case?
If the answer to all three of these questions is yes, you may be eligible for a non-recourse loan. Our loan specialists will need to speak with your lawyer to determine how much we should authorize in pre-settlement legal funding.
Generally, we can award approximately 20% of your anticipated settlement. However, Silver Dollar loan specialists have awarded up to $1 million in non-recourse loans.
Apply Now for Pre-Settlement Funding
How to Pay Back Your Non-Recourse Loan
Paying back your non-recourse loan is simple. In fact, you should never even have to worry about it. Once your settlement gets to your attorney, your lawyer will be responsible for paying back your non-recourse loan.
Once your attorney has satisfied all of your outstanding debts, including paying back your pre-settlement legal funds, the remaining balance will be sent to you to spend as you need to. It is important to note that if your lawyer does not win your case, Silver Dollar will never attempt to recover the debt from you personally.
This is one of the benefits of going with a non-recourse loan as opposed to a bank loan. There is no risk to you if your lawyer loses your personal injury or civil claim.
Get Help from Silver Dollar Today
Non-recourse loans are a virtually risk-free way to get back on your feet when you are waiting for your settlement funds to come in. If you have questions about the application process or are interested in learning more about whether you are eligible, reach out to our loan specialists at Silver Dollar today.
You can fill out our online application, complete our secured contact form, or call us to take your first steps toward financial relief.