Pre-settlement funding is available to those involved in a personal injury case in San Jose, CA. The funding gives you money to cover your medical bills and other injury-related expenses. Partner with a California legal funding company to explore your loan options.
Of course, if you pursue a pre-settlement loan, keep in mind that not all funding companies are created equal. At Silver Dollar Financial, we make it easy to get a lawsuit loan in as little as 24 hours. To learn more, contact us today.
How a Personal Injury Lawsuit in San Jose Works
If you are involved in an accident in San Jose that leaves you with an injury, you may be eligible to file a lawsuit. To submit a claim, you must be able to prove that a business or individual was fully or partly responsible for your injury. In most instances, there is a two-year statute of limitations for injury lawsuits, according to the California Judicial Branch.
A personal injury lawyer can help you calculate your damages and file your lawsuit. They can negotiate on your behalf in the hopes of reaching a settlement. If your attorney is unsuccessful, your case goes to trial, and your attorney represents you throughout your proceedings.
Throughout your litigation, you still have to deal with your injury costs and other expenses relating to your accident. If you ultimately do not get any compensation in your lawsuit, you are still responsible for these expenses. Fortunately, San Jose pre-settlement funding is an option that helps you cover your costs while your personal injury litigation is ongoing.
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How Lawsuit Funding in San Jose Lets You Borrow Against a Future Settlement
Pre-settlement funding is offered to plaintiffs in the middle of car accident lawsuits, truck crash cases, and other personal injury claims. It works in a way that is similar to a personal loan. However, there are several notable differences between them.
If you request a personal loan, you will likely need to provide information about your credit and income histories to a lender. Along with this, a bank or credit union may approve your request but add a high interest rate to it. If you do not pay your loan on time, you are subject to fees and penalties.
Comparatively, a pre-settlement loan is 100% contingent on your lawsuit. The lender takes all of the risk with your loan. If you do not get a settlement, you do not have to pay any money back.
Why People Pursue Pre-Settlement Funding in San Jose
If you have a low credit score, you may not qualify for a personal loan. On the other hand, a pre-settlement funding company has no interest in reviewing your credit history. The business looks exclusively at your personal injury case to determine if you are eligible for funding.
You may be eligible for a legal loan ranging from $1,000 to $100,000. Lawsuit funding options are flexible, so you are in a great position to get one that meets your expectations. On top of this, a lawsuit loan can have simple interest that a lender explains in detail before you finalize your funding agreement.
Lawsuit funding represents a viable alternative to a personal loan. Silver Dollar Financial is happy to discuss legal funding with you. To get started, reach out to us.
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Requirements for San Jose Lawsuit Loans
To get a lawsuit loan, you must be involved in a personal injury case. For instance, if you got hurt in a motorcycle accident, you must file a claim against any at-fault parties. A lawsuit loan company will ask you for information about the amount of damages that you are requesting.
You must have a lawyer to represent you in your case. This attorney will handle your legal funding and its repayment if your case is successful. At the same time, your lawyer can help you gather evidence, collect witness statements, and build a compelling argument.
In addition to these things, you must submit a lawsuit loan application. You may be able to complete this process online or over the phone. The top lawsuit loan company in San Jose does not charge you any application fees.
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What to Expect if You Apply for Legal Funding in San Jose
The legal funding process is designed to help you get the money you want as quickly as possible. After you fill out and submit your application, a lawsuit loan company reviews your materials. The business looks at your case information and determines how much money it can offer.
Generally, it takes a pre-settlement loan company about 24 hours to process your application. If your application is approved, the business sends you a custom quote. You can then review your funding and decide if now is the right time to move forward with it.
If you accept a lawsuit loan quote, you will get your money soon. You must finalize your submission. As soon as the legal funding provider gets your materials, it sends out your money.
How to Pay Your San Jose Pre-Settlement Loan
The requirements for repaying a non-recourse loan are simple and straightforward. At the end of your case, you find out if you receive any compensation. If you get money from the defendant, only then are you required to repay your lawsuit loan.
Following a case in which you are given a settlement, your attorney gets a check from the defendant. Your lawyer deducts any amount you owe for your loan from this check. Next, your attorney sends a payment to your lawsuit loan company and gives you the remainder of your settlement.
Your lawyer takes care of notifying your pre-settlement funding company if you do not get a settlement as well. Once your case is closed, your attorney tells the business about the end result. The lender clears your loan balance, and you keep the money that was already given to you.
Request Legal Funding Today
Do not wait any longer to ask for a San Jose pre-settlement loan. At Silver Dollar Financial, our legal funding specialists can go over our lawsuit loan options with you. For more information, contact us today.
Call or text +1(844)871-0628 or Apply Now for Pre-Settlement Funding