It is not uncommon for victims of car, motorcycle, truck, and other types of accidents to enter into a difficult financial situation in the days, weeks, and months after the accident. You do not have to enter into debt or go further into debt because of the inability to pay for the expenses stemming from the crash while you are out of work recovering from the injuries.
The Federal Reserve reports that four out of every 10 adults in the United States cannot afford an emergency that costs roughly $400. Take into account that most medical bills are more than $400, and a car accident can quickly cause you to go into debt.
As a victim of an accident, you deserve to obtain the best possible settlement so all of the expenses caused by the crash can be covered. While you wait for the case to be resolved, you can apply for Texas Legal Funding from Silver Dollar Financial.
Why Legal Funding Is the Right Option for Accident Victims
Legal funding is a type of pre-settlement funding. The biggest benefit of legal funding is that it provides the victim of an accident with financial assistance in a quick manner so that they do not have to go into debt paying for medical bills or other expenses related to the crash.
Suffering an injury in a car, truck, or motorcycle accident can force you to miss work for an undetermined time. Missing out on work will impact your ability to pay the bills. Couple this with bills that arrive from the crash, and you can quickly find your checking account in the negative.
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How Texas Legal Funding Works
Texas legal funding is a type of loan offered by Silver Dollar Financial. However, you do not have to endure the same application process you would if you applied via a traditional bank. The biggest differences between a traditional loan and Texas legal funding include the following:
- There are no application fees for you to pay.
- There is no financial check or credit history check.
- You can qualify for the funding quickly.
Another advantage of Texas legal funding is that it is non-recourse, which means that you are not required to repay the loan if you fail to win your accident case. When it comes to Texas legal funding, you are borrowing money from yourself even though it comes from Silver Dollar Financial. If you win your case, the loan is repaid from the settlement you are awarded and not out of your own pocket.
How You Can Use Texas Legal Funding
Texas legal funding can be used to pay for a host of different expenses, including the following:
- Vehicle replacement or repair to fix the damage caused by the crash
- Medical expenses like prescription medications, hospital stays, ambulance rides, medical equipment, and more
- Tuition fees and other expenses
- Living expenses such as groceries, utility bills, taxes, rent, mortgage payments, and more
There are no restrictions placed on the funding received from a lawsuit loan in Texas, which means you can use it to cover any expenses you deem fit. However, it is in your best interest to cover your most necessary expenses and nothing extravagant when dealing with an injury after an accident.
How to Apply for Texas Legal Funding with Silver Dollar Financial
The application process for Texas legal funding with Silver Dollar Financial is easy, quick, and can be done completely online.
Submit the Application
You will be required to provide the following whether you apply online or in-person for your legal funding:
- Your personal information
- The information for your attorney
- Information about the case and any documents that support it
- Your current financial needs and the approximate value of your pending settlement
All the information you provide is kept confidential and we never use it against you.
Silver Dollar Financial Reviews Your Application
The next step in the process is for a member of our team to review your application for legal funding. The only concern we have is the current financial situation you are in, not your financial history or your health. Your application is never judged based on a credit check, income, or employment.
Notifying You of Funding Approval
Should you be approved for legal funding with Silver Dollar Financial, you will be notified as soon as possible. The most you can receive based on your situation is up to $100,000. The notice of approval can arrive as quickly as 24 hours after submitting your application.
We know that bills need to be paid on time, all the time, which is why we pride ourselves on answering applicants as quickly as possible.
Apply Now for Pre-Settlement Funding
Types of Cases Our Texas Legal Funding Is Available For
If the accident that left you injured was caused by someone else, you likely have a personal injury case. Silver Dollar Financial provides funding for all of the following personal injury cases in Texas:
- Premises liability (slip and fall) accidents
- Wrongful death
- Workers’ compensation
- Vehicular crashes
- Product liability
- Medical malpractice
Even if your injury was not caused by one of these types of accidents, you should still apply for legal funding. There is no harm to your credit score, so if you are denied, your financial history will not take a hit.
Repaying Legal Funding with a Structured Settlement
If your settlement winds up being a structured settlement, we will work with you regarding repayment of the legal funding from Silver Dollar Financial. We will not take a lump sum from you to cover the loan. Instead, we will permit you to repay the loan in smaller amounts until it is completely paid off since a structured settlement sends recipients payments in smaller amounts.
Apply for Accident Funding Today
Are you in need of legal funding in Texas following an accident? Do not continue to pay out of your own pocket for an accident you did not cause. Begin the application process online with Silver Dollar Financial today.
You can receive your legal funding in as little as 24 hours. You can call us with questions or to obtain help with the application process.