After a car accident, medical error, or other injury, you may be facing a pile of medical bills and an inability to work to meet your daily needs. You may be entitled to a settlement for your losses, but the insurance company is taking a long time to agree to one. In the meantime, what can you do to make ends meet? Silver Dollar Financial is the Tennessee pre-settlement funding solution for you.
Pre-settlement funding allows you to get money in hand as soon as tomorrow to meet your needs. That way, you are no longer at the mercy of others trying to get you to agree to less than you are owed. Silver Dollar Financial can provide you with the resources you need now to get the financial help you need.
What Is Pre-Settlement Funding?
Pre-settlement funding is a type of nonrecourse loan. This type of loan is highly valuable to those with a settlement coming to them but have to wait for it to be awarded and funded. This type of loan, also known as a lawsuit loan, is a way for you to get your money now while you wait for the actual funding process to occur.
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What You Can Expect from the Pre-Settlement Loan Process
Our team works closely with you to ensure you have the best access to the funding you need. To do that, you can expect the following process for Tennessee pre-settlement funding.
Determine How Much You Need
Settlements are one of the best ways for you to get the financial support you need now. We offer loans that range from $1,000 up to $100,000, depending on your expected settlement amount.
We Verify Your Settlement
No collateral is needed for a pre-settlement loan, which can be a good feeling for most borrowers. However, you do have to have a likely settlement in place, and we will need to verify that information with you before moving forward.
You Receive the Money You Need
Funding for your pre-settlement loan can happen in as little as just one day. We deposit the money for you, and you can then use those funds for anything that you need. It is that fast and simple.
You Receive Your Settlement Award
Once your case goes through and you finally get your settlement, you can use the funds from it to repay the loan. You pay an interest rate – which is typically quite affordable to you – to cover the cost of borrowing the money from us. You keep the rest of the settlement.
What Happens if You Do Not Win Your Case?
We never want to see this happen to victims who are already struggling with a wide range of losses. However, you can be confident that you will remain protected even if this occurs.
You do not owe anything on your loan if you do not receive a settlement. That means you can borrow the funds now and use them as you need to without worry.
How Much Can You Borrow?
It is important for you to consider what you are getting carefully to know how much you can borrow fully. Most of the time, you can borrow 10 to 20 percent of the value of your settlement through the loan. Because there is a lot of risk to lending companies, most will not provide more than this to you.
However, that 20 percent may be exactly what you need to get through this challenging time. Apply online today!
Apply Now for Pre-Settlement Funding
Why Do You Need to Borrow Money if Your Settlement Is Coming?
In the ideal environment, you would not have to borrow money through a loan like this. Rather, you could wait for your settlement to come in. However, it takes a long time for insurance companies to pay out in today’s environment.
That can be months and even years in some hotly contested cases. During that time, you still have medical bills to pay, a mortgage or rent to cover, and day-to-day living expenses. Without a doubt, you cannot wait for that settlement to arrive.
When you tap into a pre-settlement loan, you are also giving yourself a bit of a boost. Often, insurance companies aim to get you to settle for less than you are owed. One tactic they use to do this is to delay coming to an agreement.
They know that the longer they wait, the more frustrated and desperate you will become. That may push you to agree to a smaller sum to get it over with. If you secure pre-settlement funding, you are not at their mercy any longer.
Is Pre-Settlement Funding the Right Decision for You?
Pre-settlement funding is a way for you to get the money you need now. Our Tennessee pre-settlement funding solutions are designed to be as easy to obtain as possible, and they keep costs as low as possible, too. Consider some of the most commonly asked questions about these loans.
Do I Need Credit to Get Pre-Settlement Funding?
No, you do not need credit, employment, or any type of collateral behind your settlement to obtain funding through a lawsuit loan. Your credit score does not impact your ability to qualify for a loan.
How Long Does the Process Take?
In many cases, we aim for fast funding because we know our clients cannot wait. Often, we can fund the loan in as little as 24 hours.
What Can the Loan Be Used For?
Use the proceeds for the loan for anything you need including:
- Meeting your financial obligations
- Covering your medical bills
- Keeping your utilities operational
- Paying for new medical care
- Taking time off work to relax
Let Us Get Started with You Today
Silver Dollar Financial is committed to helping people who need financial support to get it whenever possible. Our Tennessee pre-settlement funding makes it possible for you to get the money you need now. Contact our team now for any questions you have, or apply online.