You suffer an injury, file a lawsuit against an at-fault party, and expect damages right away. Unfortunately, the legal system is unpredictable, and there is no telling if you will receive compensation from a liable party. On the other hand, Washington DC pre-settlement funding lets you borrow against your lawsuit and receive money you can use until your case is closed.
Silver Dollar Financial offers pre-settlement loans in Washington, DC. With our help, you can get approved for a legal loan in as little as 24 hours. Contact us to learn more about the different types of funding we offer to plaintiffs in personal injury lawsuits.
How Pre-Settlement Funding in Washington DC Works
At Silver Dollar Financial, we remove the guesswork from legal loans. We offer Washington, DC, car accident loans, and many others for personal injury lawsuits. Contact us for more information.
According to the District of Columbia, you may have up to 3 years from the date you suffer a personal injury to sue someone else for damages. A personal injury lawyer can represent you in your lawsuit against an at-fault party. Just because you file a lawsuit within this window does not mean you will get damages right away.
With legal funding, you are able to receive compensation based on your projected settlement. A pre-settlement funding company looks exclusively at the facts of your case. No credit or income check is needed, and the business can provide you with a personalized loan quote quickly.
Click to contact the Silver Dollar Financial Team today or Call +1(844)871-0628
What it Costs to Get a Pre-Settlement Loan in Washington DC
You pay nothing when you apply for a legal loan. If approved, your lawsuit funding company will provide you with information about how much money you can receive. Your quote includes details about the loan’s interest rate.
Select a legal loan company that values transparency. This business will commit the time and resources required to teach you about its lawsuit loans. It will explain how you repay your pre-settlement funding.
If your case is successful, your attorney deducts what you owe for your legal loan from your settlement. However, there are times when plaintiffs do not get damages. If you do not get a settlement and previously received a legal loan, your pre-settlement funding company covers your entire balance.
Washington DC Pre-Settlement Loan Application Process
To get your money now, you will have to complete a pre-settlement loan application. Generally, the application process takes minutes. You can fill out your application online or work with a legal loan specialist to provide the required information over the phone.
A legal loan company will respond to your application promptly. The business will send you a custom loan quote as soon as the next day. After you get your quote, review it carefully and share any concerns or questions you have about it with the company that provided it.
If you are satisfied with a loan quote, approve it. Next, your legal funding provider will fulfill your loan request. Finally, you will get your money and can use it to stay afloat financially while your litigation progresses.
Click to contact the Silver Dollar Financial Team today or Call +1(844)871-0628
How Legal Funding Stacks Up Against a Personal Loan
Personal loans are available to those involved in personal injury lawsuits. In many instances, these loans can be more trouble than they are actually worth. To understand why, consider how personal loans work.
To get a personal loan, you have to fill out a lengthy application with a bank or credit union and share information about your credit and income histories. A lender may conduct a credit check to determine if it will give you a loan. It can take days or weeks to hear back from a lender, and if your request is approved, you may have to make monthly payments on your loan.
Alternatively, pre-settlement loans are safe, and they are easy to obtain relative to other options. Having a personal injury lawyer represent you and filling out a brief application are the only requirements to get a legal loan. You do not have to make monthly loan payments, and if your litigation is unsuccessful, your legal funding company takes care of your balance for you.
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How to Use Your Legal Funding
The possibilities are endless in terms of how you use your legal loan. If you want to use pre-settlement funding to repair your vehicle or property, you can do just that. There are no restrictions on how you manage your lawsuit loan funds.
Your lawyer keeps your legal funding company updated about your litigation. At the same time, your attorney works diligently to pursue maximum damages. It may take months or years to resolve your case, and your lawyer continues to search for ways to compel a judge or jury to rule in your favor.
If you are unsure about how to repay your legal loan, there is no need to worry. Ultimately, your lawsuit loan repayment comes out of your settlement. Your lawyer can handle the repayment process for you.
Paying Back a Pre-Settlement Loan
Legal loan repayment can be a good thing, especially when you consider why it happens in the first place. If you have to pay back your pre-settlement loan, you have received damages in your personal injury lawsuit. Your lawyer will use the damages you recover to pay back your pre-settlement funding company.
After your case is resolved and you get your settlement, your lawyer will deduct what you owe your lawsuit loan company from this amount. Your attorney will submit a payment to the business. They will give you the remainder of your settlement.
If you do not get damages, your lawyer notifies your pre-settlement funding company. At this point, the company clears your loan balance. You keep the money that you already received without incurring any penalties.
Ask for Washington DC Pre-Settlement Funding Today
Silver Dollar Financial has lawsuit loan specialists on staff who will teach you about our pre-settlement funding options.
We will answer your legal loan questions and help you decide if now is the right time to request funding. Reach out to us.
Call or text +1(844)871-0628 or Apply Now for Pre-Settlement Funding