You can pursue Pennsylvania legal funding if you are involved in a personal injury lawsuit. The funding gives you the money you can use before resolving your case. If you lose your case, you are under no obligation to repay your Pennsylvania lawsuit loan.
Silver Dollar Financial makes it easy to obtain legal funding in Pennsylvania. We can give you full details about our Pennsylvania legal funding options. To get started, reach out to us today.
How Legal Funding in Pennsylvania Works
Legal funding is a non-recourse loan. It allows you to receive money based on a projected personal injury case settlement. A legal funding company can walk you through a settlement loan example.
An individual can file a personal injury lawsuit but have no idea when their case will be settled. It may take months or years before this individual’s case is resolved. In the meantime, the plaintiff is 100% responsible for their medical costs and any others relating to their case.
With a settlement loan, you can receive money while your litigation is ongoing. You may be able to secure thousands of dollars in a pre-settlement loan. Plus, a lawsuit loan company offers legal funding for many different types of cases.
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Types of Cases Where You Can Request Pre-Settlement Funding
You can file a personal injury lawsuit for various reasons. In many instances, you may be eligible to pursue pre-settlement funding based on your case. Common cases where people request lawsuit loans include:
You can get injured in a bus accident and immediately encounter financial issues. With pre-settlement funding, you can receive money to help you cover any medical treatments for injuries you suffered during the accident. Meanwhile, you can continue to focus on what is most important: seeking damages from anyone responsible for your accident.
If you are the victim of a car accident caused by a negligent driver, a lawsuit loan can help you in several ways. The loan allows you to receive money to cover any auto repair expenses and other costs associated with your accident. In addition, the loan can help you stay financially afloat while you try to win or settle your car accident lawsuit.
There is no excuse for a manufacturer or retailer to provide consumers with defective products. You can seek damages in court if you suffer an injury due to a defective product. When you do, you can also request a pre-settlement loan in alignment with your product liability lawsuit.
If you are dealing with financial challenges as you move forward with a personal injury lawsuit, consider the financial options at your disposal. Many options are available, but a pre-settlement loan may prove to be the best one. This is because a pre-settlement loan is tied to the results of your lawsuit.
Why People Choose Pennsylvania Legal Funding
Getting a personal loan while you are in the middle of a personal injury case is rarely simple. In this instance, you need to contact a bank or credit union to find out what loan options are available. If you qualify for a loan, you may be forced to pay a steep interest rate on it, too.
Comparatively, a lawsuit loan is much simpler than financing offered by banks and credit unions. You can qualify for pre-settlement funding, even if you have a low credit score. Legal funding comes with a simple interest rate that is unlikely to break your budget as well.
Perhaps the biggest differentiator for lawsuit loans: they are risk-free. You are only required to repay a pre-settlement loan if you win or settle your case. Otherwise, you keep any money that your lawsuit loan company gives to you.
What It Takes to Get Pennsylvania Legal Funding
It does not take long to request or receive a lawsuit loan. Here are the steps you need to complete to obtain a lawsuit loan:
- Complete an application. You can submit an online form or call a lawsuit loan company to submit your application.
- Get approved. A lawsuit loan company will review your application and provide you with a personalized pre-settlement funding quote.
- Accept your quote. If you accept a lawsuit loan quote, you will receive your money in as little as 24 hours.
If you have concerns or questions about lawsuit loans, it is beneficial to connect with a pre-settlement funding company. You can share your concerns and questions with a legal funding specialist. From here, you can decide if now is the right time to apply for pre-settlement funding.
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How to Determine If Pre-Settlement Funding Is Right for You
If you want pre-settlement funding in Pennsylvania, consult with your attorney. You can work with your lawyer to submit your lawsuit loan application. Next, you can evaluate your lawsuit loan quote in conjunction with other available funding options.
For many people, legal funding represents a superior option over loans from banks and credit unions. A pre-settlement loan tends to offer greater flexibility in contrast to other funding options. On top of that, a lawsuit loan company takes 100% of the risk with legal funding.
If you believe a lawsuit loan is right for you, do not wait to apply. It does not take long to submit an application for legal funding. Once you receive your lawsuit loan, you can use your money however you choose.
How to Repay Legal Funding
You are not required to make periodic payments for a Pennsylvania lawsuit loan. A pre-settlement funding company gives you money but keeps in contact with your attorney throughout your litigation. As soon as your case is closed, your lawyer will notify your lawsuit loan company.
If your personal injury lawsuit is successful, you will receive a settlement. At this point, your lawyer deducts the amount you owe to your lawsuit loan company from your settlement. Your attorney then sends a check to the company to cover your balance.
You are not responsible for paying back a lawsuit loan if you lose your case. In this scenario, you keep the money that your lawsuit loan company gave to you. The company takes care of your entire balance.
Request Pennsylvania Legal Funding from Silver Dollar Financial
Silver Dollar Financial can help you secure a Pennsylvania pre-settlement loan right away. To learn more, please contact us today.