You may suffer a personal injury and submit a claim for compensation. However, it may take weeks or months before you receive damages. In the meantime, you may be able to get a lawsuit loan in Georgia that you can use to cover your medical bills and other expenses.
At Silver Dollar Financial, we offer flexible Wisconsin pre-settlement funding options. Our legal funding specialists are available to discuss our lawsuit loans. For more information, reach out to us.
Wisconsin Personal Injury Claim
In Wisconsin, there is a three-year statute of limitations for personal injury claims. You may have up to three years from the date you get hurt to sue any at-fault parties for damages. If you decide not to submit a claim within this time frame, you may be 100% responsible for your injury-related costs.
Following a car accident or other types of injury cases, you may be able to get compensation from an at-fault party’s insurance company. Even if you have a legitimate claim, there is no guarantee this party’s insurer will pay it. The insurance provider is likely to back its client — not you — and do everything within its power to prevent you from getting damages.
Just because there is a dispute relating to your injury claim does not mean you will not get damages. When you partner with a company that offers pre-settlement funding in Washington, you may be able to get money right away. This business may provide money based on your projected injury case settlement.
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How a Lawsuit Loan Works
You may need money immediately after you suffer your personal injury. This may be due to the fact that you cannot work and earn a living wage. With lawsuit funding, you may get the compensation you need — faster and more efficiently than you could if you requested a personal installment loan.
A personal installment loan comes from a bank or credit union, which may require you to provide your credit and financial histories to get approved. The approval process may take days or weeks, and if you are eligible for this type of loan, you must repay it in accordance with your lender’s terms and conditions. Plus, you must pay back your loan, regardless of how your injury case turns out.
When you request lawsuit funding, you only have to provide information about yourself and your injury case. A lawsuit loan provider may be able to approve your request within 24 hours. If you do not win or settle your case, you do not have to repay your legal loan, either.
Pre-Settlement Funding Benefits
You may be able to apply for a pre-settlement loan in just minutes. The application process may be completed online or over the phone. During this process, no credit check or review of your finances is required.
If you receive a lawsuit loan, you may use your money however you choose. Your legal funding company stays up to date on your case. If, for any reason, you do not get damages, you are not required to pay back your loan.
Silver Dollar Financial is a leading choice for Wisconsin pre-settlement loans. Our team can go over our personal injury lawsuit loan options with you. To get started, contact us today.
Click to contact the Silver Dollar Financial Team today or Call +1(844)871-0628
Lawsuit Funding Application Process
Before you apply for a legal loan, you must hire an attorney. Your lawyer may represent you throughout your personal injury case. They may communicate and collaborate with your lawsuit funding provider and keep them up to date on the status of your case.
Your attorney may help you fill out and submit your legal funding application. There are no upfront fees when you apply for a lawsuit loan. If you want help as you complete your application, a legal funding provider’s pre-settlement loan specialists can assist.
A lawsuit funding provider can review your application and give you a personalized loan quote. When you get your quote, it may include an interest rate. If you have concerns or questions before you finalize your loan, a pre-settlement loan company is ready to address them.
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Lawsuit Funding Cost
You may not have to break your budget to get legal funding since there are no monthly payments on your loan. Along with this, repayment is required if you receive compensation in your personal injury case. Your pre-settlement funding provider is transparent about your loan’s interest rate, so you will know how much you may have to pay if you win or settle your case.
A legal loan provider explains the interest rate associated with your loan before it sends you money. The best legal funding company charges simple interest. By doing so, it bills interest based solely on your loan amount.
Of course, you may wind up paying nothing for your legal loan. If you do not get compensation, you have nothing to worry about. In this situation, your legal funding provider takes care of your loan balance for you.
Pre-Settlement Loan Repayment
Since a lawsuit loan is a form of non-recourse funding, you are not always required to pay it back. With a legal loan, a pre-settlement funding company takes 100% of the risk. The business considers your personal injury case carefully, offers you a loan, and does not expect you to pay it back unless you receive compensation.
If you are awarded damages, your attorney may handle the repayment of your lawsuit loan. They may deduct what you owe for your legal loan based on the compensation you receive. Your lawyer may then send a payment to your legal funding company to cover your balance and give you the remaining amount.
On the other hand, if you are not awarded any compensation, your attorney notifies your pre-settlement loan provider about your case result. At this point, your legal funding provider clears the balance relating to your loan. Finally, you keep the money already given to you, and you do not incur any fees or penalties.
Request a Wisconsin Lawsuit Loan
Silver Dollar Financial is a reputable provider of lawsuit funding in Wisconsin. We understand the wheels of justice may turn slowly and can help you get the money you can use to cover your expenses until your personal injury case is resolved. To learn more about our pre-settlement loans, contact us today.
Call or text +1(844)871-0628 or Apply Now for Pre-Settlement Funding