It is possible to have multiple pre-settlement loans through Silver Dollar Financial. If you choose to get more than one pre-settlement loan, we will provide you with a loan based on information about your personal injury case and your resources to cover your expenditures until your case is completed.
Pre-settlement loans are designed to meet your financial needs during the extended period of a pending personal injury claim. With Silver Dollar Financial, you can get up to $100,000 within as little as 24 hours.
This can help you regain the upper hand in negotiations and ease the pressure that often comes with mounting medical bills and related expenses coupled with a loss of income.
What Are Pre-Settlement Loans?
A pre-settlement loan is an opportunity for you to escape financial instability after a devastating injury or loss. It is not uncommon for people dealing with pending insurance and civil claims to find themselves struggling to cover their costs and otherwise stay afloat.
When you are working with an attorney to get justice, our loan specialists at Silver Dollar Financial may be able to provide you with the financial relief you need when you need it most. A pre-settlement loan is an advance on your settlement. Think of it as an opportunity to get your settlement money now.
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Benefits of a Pre-Settlement Loan
If you need money while you have a lawsuit pending, a pre-settlement loan may be right for you. Also known as lawsuit funding, pre-settlement loans are used to access your settlement funding early to tide you over until your case settles.
Unfortunately, personal injury claims can take a long time to resolve, leaving you financially stranded for, potentially, years. For example, the Georgia statute of limitations (Ga. Code §9-3-33) allows you to file a claim within two years of your initial injury. But that deadline is only the beginning of your claim.
After you file your claim in court, you may face a significant amount of time in which your attorney and the attorney for the opposing party collect and preserve evidence. Then, they will engage in sometimes long, drawn-out negotiations.
It is in the best interest of the opposing side to make negotiations drag on for as long as possible since this means they postpone any payment. Also, these stalling tactics are used because they can make you desperate as your bills and expenses stack up and your income is lowered due to injury.
Assistance Paying Bills While Awaiting Settlement
The purpose of an injury claim is to seek justice and get the money you are owed due to the harm that was caused you. It’s not fair for you to have to pay for your own medical expenses when the other person was responsible for your injuries, but losses from an accident can cause victims to go into debt.
Many different kinds of damages can increase the value of your claim, but they also signify financial hardship you may experience before you recover compensation. Available damages often include:
- Medical bills
- Future lost wages
- Car repair (if you were injured in a car accident)
- Loss of consortium with your spouse
- Pain and suffering
True justice is not only holding the person responsible for your injury accountable but also getting them to pay you for your losses and any future expenses related to your accident.
Qualifications for Multiple Pre-Settlement Loans
In order to qualify for more than one pre-settlement loan, you must meet the following criteria:
Have an Attorney
Without the representation of an attorney, no funding company will grant funds. Before agreeing to buy a piece of your upcoming settlement, our underwriter will need to consult with your attorney in each and every case, with no exceptions. If you require the services of an attorney, please contact us, and we will make a recommendation.
Have a Highly Favorable Case
Settlement money is solely based on the merits and outcome of your case; thus, there is no work requirement, no credit check, and no monthly payments. Settlement advances, like any other investment, carry a significant level of risk for funding businesses. We bear the risk that we will not be paid if your case is not satisfactorily settled.
Apply Now for Pre-Settlement Funding
Get a Pre-Settlement Loan Fast
With us, there is a three-step process to get your money to you as quickly as possible. The only step that requires action from you is the first: application.
Step One: Application
It’s simple to apply for multiple pre-settlement loans, just supply us with as much information as possible about your case and your financial situation using our application forms.
We will swiftly assess your eligibility for a pre-settlement loan of up to $100,000. Remember to include your contact information and the contact information of the law firm representing you in this case.
Step Two: Assessment
Once you submit your application, our team of experts takes the process over. We will look through the information you provided and make a decision on your eligibility for a loan in as little as 24 hours!
Your credit score is not part of our decision-making process. We will contact you or the law firm representing you if we need additional information before approving your loan.
Step Three: Approval
Upon approval of your application, we will transfer the funds into your bank account as soon as possible. That money is yours to spend as needed. Get more than one pre-settlement loan with our lending company.
Pre-Settlement Loan Amounts
While pre-settlement loans are similar to a cash advance while awaiting your settlement payout, there are amount restrictions in place to protect you, the plaintiff, and our lending firm.
A cash advance on your personal injury settlement is normally limited to 15-20% of the case’s estimated value. The idea is for little loans that keep you afloat without threatening to steal the majority or all of your settlement money.
If you receive more than one pre-settlement loan, the total loan amount (including the previous loan award) must be less than 20% of the lawsuit’s worth.
Risks of a Pre-Settlement Loan
The money you get as a pre-settlement loan is paid back directly from your eventual settlement. In a sense, you are borrowing from your future self to pay for your current expenses, rather than “borrowing” from us. This means you can get a cash advance on a pre-settlement loan without the risk of a traditional loan.
After Losing My Settlement Case
Sometimes, personal injury claims do not go the way we intend. Obviously, there is always at least a small chance that negotiation can stall, or a lawsuit can end with the judge or jury deciding in favor of your opponent. You don’t have to worry when this happens.
With us, you can get more than one pre-settlement lawsuit loan, and you don’t have to pay us back if you don’t get a settlement package. As a non-recourse funding institution, we want to take the fear out of getting the money you are owed now so that you can take control of your situation and pursue justice in your case.
Apply Today for an Additional Pre-Settlement Loan
If your personal injury claim is taking a while to settle, start the pre-settlement loan application process, and you may be approved in as little as 24 hours. Silver Dollar Financial is here to help you protect your interests while you resolve your claim equitably.
If needed, we can help you get more than one pre-settlement loan. Contact us to learn more about pre-settlement funding, or simply fill in your information by applying online.