When you have been injured in any type of accident, you likely will miss time at work and incur many expenses related to the crash. You can quickly find yourself in debt if you pay for hospital stays, tests, prescriptions, medical equipment, and doctor’s visits out of your own pocket. One way to ensure you do not go into debt recovering from an injury caused by someone else is by applying for litigation funding from Silver Dollar Financial.
Litigation Funding Documents Are Generally Protected from Discovery
If you have a litigation funding agreement in place, it cannot be added to discovery in the case. This means that the terms of your legal funding loan will be protected from the opposing attorney, the defense. Defense attorneys can still request that these documents be included in the discovery process, but more often than not the requests are denied.
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What Is a Litigation Funding Agreement?
A litigation funding agreement is a type of non-recourse loan between a financing firm like Silver Dollar Financial and a plaintiff injured in an accident. In this type of agreement, the investor will pay all or a portion of litigation costs in a court case or provide a loan upfront in exchange for repayment from the settlement once the case is resolved.
The first step in the process is for the plaintiff to apply for funding. A nondisclosure agreement will be sent for review prior to discussion about the case. The lender will assess the risk involved in lending money, the chances of a settlement being reached, and evaluate how much the potential settlement might be worth.
If the case is approved, the funding document might include opinions from the lawyers involved in the case. Details of how the investor and the litigant are connected will be included in the documentation. Payment for the loan is not due back to the lender until the case is successful. If the case fails, the borrower does not have to repay the loan.
What Protects Litigation Funding Documents from Discovery?
Litigation funding agreements are protected from discovery by the Work-Product Doctrine. The work product falls under attorney-client privilege since the agreement is created in the anticipation of litigation by an attorney. The doctrine protects the litigation funding agreement from being disclosed after a non-disclosure agreement or confidentiality agreement is signed with a litigation funding lender.
What Can My Litigation Funding Be Used for?
Litigation funding can be used for a litany of expenses related to the accident that left you injured. While restrictions are not often placed on how the money can be used, it would be in your best interest to pay down debt, pay for medical care, and not make frivolous purchases with the money. Do not go further into debt because you have been approved for a litigation loan.
Use the funding to pay for any of the following:
- Pay for prescriptions, medical equipment, hospital bills, doctor’s visits, physical therapy, and any other expenses from the crash
- Everyday expenses like groceries, utility bills, mortgage, rent, and more
- Tuition fees and other costs related to your education
When you have questions about litigation funding agreements or legal funding in general, it is recommended that you talk to a funding advisor from Silver Dollar Financial. If you are ready to begin the application process, you can do so online without leaving the comfort of your home.
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How Can Silver Dollar Financial Help?
When the need arises for litigation funding for any reason, even if you own a business, you can turn to Silver Dollar Financial. Put your trust in our team to help you secure the funding necessary to keep your business running while you endure litigation with large corporations that will try to bleed you dry. They only want to force you to drop your case against them and will do everything possible to get you to exhaust all of your resources.
How Long does It Take to Get Approved for Litigation Funding Agreements?
It depends on the circumstances of the case, but you can receive approval for litigation funding agreements in as little as 24 hours from Silver Dollar Financial. It might take up to 48 hours or more to approve the application, but once it is, you can have funds made available to you quickly.
How and When do I Repay the Litigation Funding Agreement?
Silver Dollar Financial provides non-recourse litigation funding agreements to those who need financial assistance when a lawsuit is underway. The advantage of working with us is that you do not have to repay the legal funding until the lawsuit is resolved. This means that no money will come out of your pocket for loan repayment unless you win the case.
If you fail to win, you are not required to repay the loan. Should you win the case, a portion of the settlement will be taken to repay the loan and the remainder will be for you.
What Information Is Needed to Apply for Litigation Funding?
You will not have to supply a lot of confidential information when applying for litigation funding through Silver Dollar Financial. However, you will need to provide some personal information, including your name, address, the name of your attorney, the reason for the application, information about your case, and more.
There will not be a credit history check to determine whether or not you can be approved for litigation funding. Your information will remain confidential and will not be used against you.
Apply for Litigation Funding from Silver Dollar Financial Today
Were you injured in a car, truck, or motorcycle accident? Did you suffer an injury or illness due to medical malpractice? No matter your situation, you can acquire legal funding that can help pay the bills while you wait for a settlement to be approved.
Begin the application process online for litigation funding from Silver Dollar Financial today.