Pre-settlement funding is a cash advance on your pending lawsuit before its resolution. You are borrowing from yourself. We have a straightforward South Fulton truck accident loan application process, and you can get an answer within 24 hours.
Getting a loan helps you to cover your expenses while you wait for your lawsuit to resolve. Lawsuit loans are also known as pre-settlement funding, and you must speak to Silver Dollar Financial about your options.
Your Truck Accident Lawsuit Can Take Years to Resolve
Semi-truck accidents result in innocent victims suffering injuries and being unable to work, significantly impacting your quality of life. In many instances, someone loses their life, leaving the family without a financial foundation. While you go through the legal process, you do not have an income, which can lead to you caving into the insurance company and taking a lower settlement.
The insurance company will work to reduce your settlement and delay recovery. Conversely, your South Fulton truck accident lawyer is working tirelessly to get you the maximum compensation possible.
Meanwhile, your bills are stacking up, and you are about to lose everything. Luckily, Silver Dollar Financial has pre-settlement loan options to help you pay for your expenses now.
Working with a Lawyer Can Speed Things Up
After the two-year statute passes for a truck accident claim, you have fewer options available. You must go into litigation and recover compensation for your losses. While your South Fulton personal injury lawyer will handle many of the costs, there are some expenses they cannot help you with, leaving you to tap into your savings and look for other financial resources.
You may qualify for pre-settlement funding if you work with a lawyer on your truck accident lawsuit.
Click to contact the Silver Dollar Financial Team today or Call +1(844)871-0628
Get a South Fulton Truck Accident Loan Approval
Processing a South Fulton truck accident loan can take as fast as 24 hours from when we receive your attorney’s case file. You will first apply online, and then our underwriting team will contact your attorney for pertinent information and review your case merit. Using all of the information we gather, we will determine your eligibility and how much your pre-settlement offer is.
Typically, pre-settlement loans are between 10 and 20% of the expected settlement, but it varies by individual. The steps for getting a South Fulton truck accident loan are as follows:
- Filling out our short online application providing basic details about yourself and your attorney
- Your attorney’s cooperation is essential to your eligibility and pre-settlement funding. Without their help, you will get a loan denial.
- You will receive a denial or approval from our underwriting team.
- You and your truck accident attorney receive contracts and agreements.
- You receive your funding and can begin to catch up on your expenses.
You can use your pre-settlement loans for any expense and do not need to provide us with any proof. Many truck accident victims will use these funds to pay for medical costs, rent, mortgage, car payments, and other out-of-pocket expenses. There are no credit or background checks or employment verification.
South Fulton Truck Accident Loans Have Long-Term Benefits
Spinal cord trauma, traumatic brain injuries, burns, and other catastrophic injuries are prevalent in South Fulton truck accidents. These injuries have life-altering consequences requiring rehabilitation, surgery, and disability. To cover these expenses, your lawyers will look for substantial compensation awards.
Insurance companies are not keen to provide you with compensation for these costs, but Silver Dollar Financial has options. You cannot work while you recover from your injuries, and if you have a disability resulting from the accident, you will never return to work. While your settlement will help you recover from your losses, you need money now.
Bill collectors do not care that you will get money in the future. They only care about getting their money now. Dealing with harassing bill collectors only adds stress to your plate. A South Fulton truck accident loan will help you get these creditors off your back and focus on your medical healing.
You Don’t Have to Just Accept Any Settlement Offer to End the Case
Another aspect of truck accident claims is the financial pressure causing victims to take any settlement from the insurance company even when it is much lower than they need. The insurance company intentionally does this so they do not pay your case’s worth. When you have a cash advance on your settlement, your attorney has time to keep fighting for the maximum compensation, and you can pay your expenses.
Repaying Your Pre-Settlement Cash Advance
When you take out a traditional loan, you will make payments and incur interest, but with a pre-settlement loan, repayment is seamless. Your attorney will pay your South Fulton truck accident loan company when they receive your settlement. Your settlement automatically pays for your loan without you lifting a finger.
Interest will vary as we will speak to your attorney to get an estimate for the length of your case. Speak to our experienced underwriters to determine your loan amount and interest rates.
Pre-litigation offers opportunities to settle and can happen within the two-year statute in Georgia. When you go into litigation, there is no certainty when your case will end. It can take months or years before you get a settlement. While you wait, you are going into debt and not getting the medical procedures you need to recover from your injuries.
Should You Repay Your Loan Before the Due Date?
You can repay your loan before your due date, but you should speak to your lawyer and our underwriting team about the benefits and disadvantages of paying off your loan early. Some South Fulton truck accident loan companies offer discounts when paying off your loan early. You must work with a transparent and informative pre-settlement loan company to ensure you get the best offers.
Apply Now for Pre-Settlement Funding
Explore Your Loan Options from Silver Dollar Financial
Silver Dollar Financial has pre-settlement funding options if you are looking for financial support after a South Fulton truck accident. Settlement advances are no risk because they are non-recourse financing which means your South Fulton truck accident loan company absorbs the costs if you do not win your case. For more information, contact Silver Dollar Financial today.