Savannah Non-Recourse Loans
After an injury in Savannah, it can take a long time to get your settlement. You might need a loan to cover your costs until the at-fault party pays — but the type of loan matters. It’s best if you get a Savannah non-recourse loan.
Non-recourse loans are low-risk and convenient for a personal injury settlement. At Silver Dollar Financial, we provide the pre-settlement loans you need. Apply today by clicking Apply Now or calling (844) 871-0628.
What Is a Non-Recourse Loan?
To understand non-recourse loans, we first have to cover recourse loans. With recourse loans, the borrower pledges a type of collateral.
Collateral is something that you use to secure a loan. It protects the lender from loss. The lender knows that they can take the collateral if the borrower can’t pay back the loan.
Examples of loan collateral include:
- Real estate
- Invoices
- Cash
- Inventory
With a recourse loan, the lender can come for more than your collateral. The lender might turn to other personal property to repay their costs. The lender can also take legal action against you.
Non-recourse loans do not force the borrower to risk their personal assets. Like recourse loans, the lender accepts some collateral as protection. But if the borrower cannot pay back all of the loan, the lender can’t take additional money or belongings from the borrower.
Even if the collateral doesn’t cover the full loan amount, the lender can’t take more from the borrower. A non-recourse loan is very low-risk for the person borrowing money.
Non-Recourse Pre-Settlement Loans
If you need a loan while waiting for your settlement, seek out a non-recourse loan. Here’s how it works:
- You tell the lender about your legal case and settlement agreement.
- If the lender determines you have a strong case, they can approve you for a pre-settlement loan.
- Your pending settlement acts as collateral, and the lender pays you your compensation in advance.
- When you get your settlement, you pay the lender from what you win.
- If you do not end up winning your case, you don’t have to pay back the loan.
A pre-settlement loan is like borrowing from yourself. At Silver Dollar Financial, we give you money that acts as a part of your settlement. When your case settles, you simply pay back the loan using your settlement.
Pre-settlement loans are unique because there is no risk to you. You only have to pay if you win your settlement. We understand that personal injury cases don’t always go as planned. That’s why you don’t have to stress about repayment until your case is over — and only if you win.
Damages Covered by a Non-Recourse Loan
After a personal injury accident, you will have damages. If another party caused your accident, they are legally responsible. Any losses you have from your injuries are personal injury damages.
You can use your non-recourse pre-settlement loan for whatever you need. You might need money for damages like:
- Medical bills
- Prescription medications
- Lost wages
- Vehicle repairs
You might also have general damages like pain and suffering or mental anguish. These damages will not have set dollar amounts, but your lawyer will account for them in your settlement.
Silver Dollar Financial will pay you up to $100,000 for your settlement. You can pay for immediate needs while you wait for your full settlement or award. Once we approve you for the loan, you can do whatever you need to with the money.
Non-Recourse Loans Relieve the Stress
You might assume that getting a loan is nothing but stressful, but we make it easy, risk-free, and as strain-free as possible. We provide money to help relieve the stress of unpaid costs.
Unfortunately, personal injury cases can drag on for months or years. Insurance companies and defense attorneys use delaying tactics so that you’ll feel frustrated or desperate. They know you have bills to pay and need your money.
A non-recourse loan removes the urgency. You can pay your costs and focus on your case with a clear head. The other side will not be able to weaponize time against you.
Types of Non-Recourse Loans
We specialize in pre-settlement loans. Instead of waiting, you can get funding for your bills and living costs. Besides this type of loan, we can also provide:
- Structured settlement loans: Maybe you already won a settlement, but you’re getting it in smaller, scheduled payments. We can provide a lump sum settlement to cover your costs. You simply pay it back with your scheduled payments.
- Inheritance or estate loans: Sometimes, inheritances remain in probate for a long time. You can get some of the inheritance you need for your costs immediately.
How to Apply for a Non-Recourse Loan
If you need money now while waiting for your settlement, we can help. Our process is quick and easy.
To start the application process, click the Apply Now button or call (844) 871-0628. In as little as 24 hours, we can let you know if you qualify. If you do, you get paid fast.
Here is how our process goes.
1. You Provide Your Information
Before we can approve you, we need some information. Click Apply Now to go to our application form. There, you’ll give us information like:
- Your name
- Your contact information
- Your attorney’s name and contact information
- Information about your case and settlement
Note that we do not use your credit score to review your case.
2. We Review Everything
After we get your application, our team will review it. We’ll talk to your attorney and learn about your case. If we need more information, we’ll contact you promptly.
3. You Get Your Pre-Settlement Money
We let you know if we’ve approved your application. Approval can happen in as little as 24 hours. Once approved, you’ll get the cash you need. You can use the money as needed while you wait for your claim settlement.
Apply for a Savannah Non-Recourse Loan Today
Silver Dollar Financial can give you as much as $100,000 from your settlement. There is no risk because you only pay us back with your case compensation. If you don’t win a settlement, you don’t have to pay.
To get started today, click the Apply Now button above or call (844) 871-0628.