Getting injured is traumatic and painful. When the accident that injured you was not your fault, you are entitled to seek financial compensation for the damages you have suffered. Your recovery from your injuries is essential and financial hardship does not help your healing process. Getting pre-settlement funding through a non-recourse loan will help you stop financial hardship from getting worse and get you back on track to the road of recovery.
Non-recourse loans are a great financial option for those who qualify. You can use the funds that you receive to cover essential expenses. Financial obligations require a prompt response. If you need money quickly, then a non-recourse loan through Silver Dollar Financial can help you.
Silver Dollar Financial provides those living in Valdosta non-recourse loans that can be used as pre-settlement funding while their personal injury lawsuit is going on. Your injuries do not stop the bills from coming in, and the lack of financial assistance can make them seem overwhelming. Let us help you regain control of your finances and give you the peace of mind you need to heal. Call us at (844) 871-0628 today.
Recourse Vs. Non-Recourse Loans
The primary difference between recourse and non-recourse loans is the risk involved. All loans carry some sort of risk either to the borrower or the lender. Recourse loans are the most popular because the risk is almost always lender favored. The borrower of a recourse loan is liable to pay it all back regardless of the circumstances. If you cannot pay back the loan amount, the lender can seek repayment through other means such as through wages or collateral.
Non-recourse loans are borrower sided and do not favor the lender. If the borrower cannot pay the loan amount back, the lender cannot do anything about it. Repayment cannot be sought through other financial channels of the borrower. In other words, you are protected from repaying the full amount if you are not able to do so. Non-recourse loans are great for any borrower as they will not be held liable for lack of repayment.
Non-recourse loans are no-risk to the borrower. Getting one is a great way to handle outstanding financial payments without adding more financial stress.
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How Non-Recourse Loans Work at Silver Dollar Financial
The pre-settlement funding you get from Silver Dollar Financial is a non-recourse loan. Despite having “loan” in the name, pre-settlement funding is not a loan in the traditional sense. Think of it more as a cash advance for the money you will be receiving once you win your settlement.
When it comes time to pay back the money, you pay through the settlement you receive. You are pretty much just borrowing money from yourself. If you do not win your settlement, you do not have to pay us back.
Benefits of Non-Recourse Loans
By taking out a non-recourse loan, you are gaining freedom from not just financial hardship, but freedom from the defense and the insurance companies trying to pressure you. The courts take a long time to decide on your case, and the defense will often use this to their advantage. Getting injured can be costly as it adds more bills to your living expenses and can hinder your ability to work and earn money.
When you are in a hard financial situation, you are more likely to take a settlement less than what you actually should be getting to cover financial obligations. This is a common tactic that the defense and insurance companies will use to save themselves from paying you the amount that you rightfully deserve.
Non-recourse loans are a no-risk way of protecting you from exploitative negotiations like this. You can cover your bills while also giving yourself bargaining power and the ability to fight a lengthy trial.
How You Can Use Non-Recourse Loans
What expenses can you pay with your non-recourse loan? Here are some examples:
- Tuition, student loans, etc.
- Living expenses such as rent, mortgage, groceries, utilities, etc.
- Property damage and/or vehicle damage
- Medical bills, hospital visits, ER visits, prescriptions
Non-recourse loans are flexible, and you can use the money upfront. There is no need to get approval for what expenses you want to pay off. Once you receive your money, you can use the money to pay off whatever you need to pay off.
Apply Now for Pre-Settlement Funding
Applying for a Non-Recourse Loan at Silver Dollar Financial
Silver Dollar Financial’s application process is as follows:
- Submit your application to us online or over the phone. Provide your information, your lawyer’s information, facts about your case, and how much money you need.
- We will review your application and follow up with either you or your lawyer if additional information is required.
- Once you are approved, you will receive your funds.
The funds you receive can get transferred to you in as little as 24 hours. You can receive up to $100,000 in funding. We do not require employment history, proof of income, or a credit check. The only thing that matters the most to us is the details about your case.
Get Qualified for a Valdosta Non-Recourse Loan Today
Non-recourse loans empower the borrower. With no risk to you, you can pay off financial obligations and focus on your recovery. Do not let the defense or the insurance companies pressure you into taking a settlement less than what you need. The pre-settlement funds you get through a non-recourse loan will help you get through tough financial times.
According to the Official Code of Georgia Annotated (O.C.G.A.) §9-3-33, you have two years to file a claim for your injuries. While you have two years to pursue a claim, this does not mean that your case will get resolved in two years. Getting pre-settlement funding will help curb the expenses you incur and allow you to get justice.
Silver Dollar Financial operates with honesty, transparency, and integrity. We do not engage in any predatory lending practices and want to keep you a part of the process every step of the way. Our goal is to work with compassion as our guiding principle. You are not alone. Call us today at (844) 871-0628. We are available to help 24/7, 365 days a year.