If you suffer an injury in Rhode Island due to someone else’s negligence, it may be a good time to file a claim against an at-fault party. Once you submit your claim, you may be in a great position to secure damages down the line. In the meantime, you may want to get Rhode Island pre-settlement funding that you can use for the duration of your case.
Silver Dollar Financial offers lawsuit loans ranging from $1,000 to $100,000. To get legal funding from us, you do not have to provide information about your credit, employment, and income histories. To learn more, get in touch with us.
How an Injury Claim Gets Settled
You may wonder what is pre-settlement funding and if this option is worthwhile if you have already filed an injury claim. A lawsuit loan gives you money that you can use until your case gets settled. There is no timeline for the legal process, and the money you get from your legal funding may help you cover your expenses during this challenging period.
For instance, you may submit a claim through an at-fault party’s insurance company, but this business may dispute your request. If you have a legal loan, you have money that can be used to pay your medical bills and other injury-related expenses. Meanwhile, you can keep moving forward with your litigation and will not have to give up on your case due to a lack of funds.
If you have concerns that your injury case will not get resolved any time soon, it may be beneficial to evaluate your legal loan options. You can discuss your case with a lawsuit funding company. From here, the business can explain how its loans work and help you get one that lines up with your expectations.
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When to File a Personal Injury Claim
According to Rhode Island General Laws §9-1-14, there is a three-year time frame for submitting an injury claim. For instance, a driver may get distracted while they are behind the wheel, slam their car into yours, and cause you to suffer an injury. In this scenario, you may have up to three years from the date of your car accident to pursue damages from the liable driver.
You may partner with a personal injury lawyer who can help you request damages. Throughout your litigation, your attorney will advocate for you and protect your best interests. They can help you ask for compensation based on your medical bills, emotional trauma, and other economic and non-economic losses you have incurred.
Filing an injury claim does not guarantee that you will get damages. At Silver Dollar Financial, we offer pre-settlement funding in Rhode Island that will serve you well, regardless of your case’s result. For more information, reach out to us.
Legal Loan Cost
You may have questions about whether there are any upfront fees to apply for legal funding. If you request a pre-settlement loan, you do not have to pay anything. In addition to not getting charged any application fees, you will not have to pay your loan balance unless you win or settle your case.
There is typically an interest rate associated with a legal loan. Your pre-settlement funding company will explain this rate to you. It will share the rate before you finalize your loan request.
After you get your loan, you will not have to make monthly payments. You can spend your money however you decide, and you will not face any penalties. At the conclusion of your case, you will find out if you are required to pay back your loan.
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How to Apply for a Legal Loan
Before you can get your money now, you will have to fill out a legal loan application. The application process generally takes just a few minutes to complete. You may submit your application over the phone or online.
After a pre-settlement funding company gets your application, it will review the details of your case. The business uses this information to evaluate your projected settlement amount and figure out how much money it is able to offer. Next, the company gives you a custom loan quote, and you have the opportunity to review it and share any concerns or questions you have.
Your quote will include information about your loan’s interest rate. If you approve your quote, you will get your money. With legal funding, you may be able to receive money in as little as 24 hours.
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Pre-Settlement Funding Benefits
You may consider a personal loan but find that pre-settlement funding is safe by comparison. The former requires you to share your credit score and employment and income histories, while the latter does not. On top of that, a bank or credit union may need days or weeks to approve your personal loan request, and a lawsuit loan company may be able to get your money to you as soon as the next day.
To get a legal loan, you must be involved in a personal injury case and have an attorney to represent you. This helps individuals who have low credit scores and are currently unemployed obtain lawsuit funding. Your funding may help you get back on your feet as you deal with the financial aftermath of an injury that occurred due to no fault of your own.
The repayment process is one of the biggest reasons why individuals choose pre-settlement loans over other funding options. If you get a legal loan, you pay back your funding if your case is successful, and what you repay is deducted from your settlement amount. On the other hand, if you do not receive damages, you keep the money that was already given to you.
Apply for a Pre-Settlement Loan
It will not take you long to get approved for a legal loan, and this funding may provide a financial boost as you pursue your injury claim. At Silver Dollar Financial, our team is available to discuss our pre-settlement funding options with you. To get started, contact us today.
Call or text +1(844)871-0628 or Apply Now for Pre-Settlement Funding