A lawyer cannot give their client a loan since doing so can create a conflict of interest. However, an attorney can accept a case contingent on its result. A lawyer can also help their client get a lawsuit loan.
At Silver Dollar Financial, we offer assistance to those who want Georgia legal funding. Our team can teach you about our lawsuit funding options. To get started, please reach out to us.
Many Options Are Available If You Need Money During Your Personal Injury Lawsuit
If you need money right away, you can request a personal loan from a bank or credit union. This requires you to fill out a loan application, provide information about your credit and income histories, and await a response. It can take days or weeks to get approved for a personal loan, and you will have to pay it back in accordance with your bank or credit union’s terms and conditions.
Comparatively, if you are involved in a personal injury lawsuit, you can request legal funding. The requirements for lawsuit funding are far less than those associated with a personal loan. Plus, when you partner with a best-in-class legal funding company, you can get approved for a lawsuit loan in as little as 24 hours.
The Silver Dollar Financial team takes the guesswork out of legal funding. Rather than getting a personal loan, we encourage you to explore our lawsuit funding options. For more information, please get in touch with us.
Click to contact the Silver Dollar Financial Team today or Call +1(844)871-0628
Hiring a Lawyer Is a Must If You Want to Get a Lawsuit Loan
Instead of asking your attorney for money, you can see if they can help you get legal funding. You are required to have an attorney to represent you if you want to obtain a lawsuit loan. Ultimately, your attorney will handle your lawsuit loan request and keep your legal funding provider up to date about your case.
Outside of hiring a lawyer, the only other requirement for legal funding involves sharing details about you and your case. You can apply for a lawsuit loan in just minutes. When you fill out your application, you do not need to share information about your credit or income histories.
Once a lawsuit loan company receives your application, you can get a personalized loan quote. If you decide to move forward with your quote, the company will send your money to you immediately. You can then use your loan however you choose, and you do not have to pay it back unless you win or settle your case.
Legal Funding Is a Non-Recourse Loan
If you receive lawsuit funding, you get a non-recourse loan. This type of loan is different from one you can otherwise request from a bank or credit union. It differs based on the fact that a non-recourse loan only has to be paid back contingent on certain conditions.
For example, you can get approved for a personal loan from a bank or credit union. Before you get the money from your loan, you will need to agree to your lender’s terms and conditions. Your bank or credit union will require you to repay your loan, regardless of what happens.
On the other hand, a lawsuit loan is dependent on the result of your personal injury lawsuit. If you win or settle your case and get compensation, you will pay back your loan based on your settlement. Conversely, if you do not receive a settlement, you keep the money from your lawsuit loan company and do not have to pay back your legal funding.
Pre-Settlement Funding Provides Plenty of Flexibility
You can request a pre-settlement loan that gives you thousands of dollars. The loan is available to those involved in personal injury lawsuits. To date, lawsuit loans have been given out to plaintiffs in the middle of many types of personal injury cases, including:
You can get hurt in an auto accident that occurs through no fault of your own. At this point, you can sue a negligent driver for compensation. While your case is underway, you can receive a car accident loan that helps you cover your medical bills and other accident-related expenses.
If you are driving your car and get hit by a bus, you may be able to sue the bus driver responsible for your crash, their employer, or both. Or, if you get hurt while riding on a bus that crashes, you may be able to pursue damages as part of a personal injury lawsuit. In either scenario, you can ask for a bus accident loan contingent on your projected case settlement amount.
Those who purchase a product that turns out to be defective can suffer an injury. In this situation, it can be beneficial to seek damages from the product manufacturer or seller. You can also submit a request for a product liability lawsuit loan.
A lawsuit loan is tailored to a plaintiff’s case, too. Typically, a legal funding company has specialists on staff who will learn about your case. They can then give you a loan quote that lines up with your expectations.
Apply Now for Pre-Settlement Funding
There Is No Risk in Asking for a Lawsuit Loan Quote
If you are unsure about how to proceed with legal funding, help is available. You can connect with a lawsuit funding company to explore your lawsuit loan options. In addition, you can share any legal funding questions that you have and request a no-obligation quote.
A lawsuit loan quote details how much money you can get from a legal funding provider. The quote does not mean that you are required to move forward with lawsuit funding. If you evaluate your quote and decide now is the right time to accept legal funding, you can do so — and you may reap the benefits of your decision long into the future.
At Silver Dollar Financial, we are happy to explain the ins and outs of legal funding to you. Our team can discuss our lawsuit loan options with you at any time. To learn more, please contact us today.