When you file a personal injury case, you’re seeking compensation for the negligence of another party. Getting the money you deserve takes time and, often, an experienced lawyer. But what if you need money now while your lawsuit is still pending?
Your settlement is more than likely on the way, but you have to wait until your case settles. In the meantime, you have injury costs and other bills to pay. If your expenses cannot wait, you’ll have to start looking for ways to get money.
You could borrow money from friends or family, but that’s generally a bad idea. You could take out a traditional loan for the cash you need. However, there’s a lot on the line if you cannot repay the funds. Thankfully, there is another solution: pre-settlement funding.
How Do You Get a Cash Advance from Your Pending Lawsuit or Settlement?
Pre-settlement funding provides access to a portion of your compensation upfront. Instead of waiting for your case to resolve, you can use your financial recovery now.
Here’s how pre-settlement funding works:
- You apply with the funding company by providing details about your case.
- The funding company reviews your case details and talks with your lawyer.
- If you get approval, the company will send you money from your pending lawsuit or settlement winnings.
- You can use the money as needed for your immediate costs.
- When you win your case, you simply pay back the money from what you win. Then, you keep the rest.
- If you don’t end up winning your case, you don’t have to pay the money back.
Pre-settlement funding gets you money fast. Plus, the money is just an advance from what you expect to win anyway. Essentially, it’s already yours to borrow.
The above is our process at Silver Dollar Financial. We can often get you an answer within 24 hours of your application. Our team works quickly to bring you the money you need.
To apply for free today, click Apply Now above or call (844) 871-0628. If you have any questions about the process, we’re happy to help.
Click to contact the Silver Dollar Financial Team today or Call (844)871-0628
What Are the Advantages of Pre-Settlement Funding?
Here are some ways the pre-settlement funding benefits you during the lawsuit process.
Pay for Your Urgent Costs Now
Filing a lawsuit is time-consuming and costly. If you win, you’ll receive the money you deserve. However, there’s a lot of time between filing your case and reaching a resolution. It’s worth it, but you cannot ignore your current expenses.
A personal injury accident can leave you with economic and non-economic damages (Georgia Code § 51-12-2). You probably have losses like:
- Medical bills
- Prescription medications
- Lost wages
- Loss of earning capacity
- Property damage
- Pain and suffering
- Mental anguish
On top of your damages, you’ll have necessary living costs. For example, it’s hard to pay your rent if your injuries prevent you from working. Or, your income is currently going towards expensive medical treatment.
Pre-settlement funding allows you to cover stressful costs. It prevents you from getting stuck in a terrible financial position.
More Time to Negotiate More Money
As an injury victim, your goal is to get fair compensation for what you’ve suffered. Unfortunately, the other side has its own agenda.
Insurance companies and defense attorneys are looking to give you as little as possible. They also know that prolonging a case might encourage you to settle sooner. They get to pay less, but you’re left with unpaid bills.
Pre-settlement funding gives you more room to negotiate. With your urgent costs paid, you can focus on your case. Your lawyer will have more time to arrange for a better offer or prepare for trial.
Qualification Depends on Your Case
Unlike traditional loans, pre-settlement funding does not need your credit score or employment history. The strength of your case is what matters to legitimate lenders.
Click Apply Now on this page to take a look at our application. You’ll see that we just need a few details like:
- Your name
- Your contact information
- Your lawyer’s information
- How much money you need from your pending lawsuit
- Your case type, such as auto accident, slip and fall, etc.
You won’t have to worry about providing too-personal details to get your money.
No Risk When Repaying the Money
Pre-settlement funding is non-recourse. Non-recourse loans do not hold the borrower personally liable. If you cannot repay the funds, we cannot (and will not) come after your personal assets.
Your pending settlement or award acts as the “collateral.” In other words, the repayment comes straight from your compensation — not your pocket. Plus, if you don’t end up winning your case, you don’t have to pay the funds back.
Since the money is technically already yours, the funds are like a cash advance to yourself. That’s why the lending company takes the loss if you don’t win compensation.
How Do I Find a Respectable Pre-Settlement Funding Company?
It’s essential to work with a respectable lending company if you’re considering pre-settlement funding. At Silver Dollar Financial, we saw a need for a trusted lending company — and we filled it. Our customer service is what sets us apart.
Each of our team members wants your case to have the best possible outcome. We’re on your side during each step of the process. We’re also available 24 hours a day, 365 days a year to help you.
Apply for Pre-Settlement Funding with Silver Dollar Financial Today
If you need money from your pending lawsuit, pre-settlement funding can give you cash now. You should not have to suffer financial instability because the other side is taking its time. You also shouldn’t go into debt for injuries you didn’t cause.
At Silver Dollar Financial, we can approve you in as little as 24 hours. Then, we’ll send the money straight to your account. Remember, you only repay the money when (and if) you win your case.
To complete an application today, click Apply Now or call (844) 871-0628.