Pre-settlement funding is a cash advance for those in the middle of a personal injury case. As you recover from your injuries, it’s normal to have many expenses. Most injury victims experience financial stress before they can get a settlement or win their lawsuit.
A pre-settlement loan lets you access part of your settlement early. But injury cases take time, and one pre-settlement loan might not be enough. You might wonder if you can get more than one (or several) pre-settlement loans to make ends meet.
The Possibility of Getting More Than One Pre-Settlement Loan
Whether or not you can get another pre-settlement loan depends on:
- Your estimated settlement value, and
- The amount of your first pre-settlement loan.
Merely having a previous loan doesn’t disqualify you. Most of the time, pre-settlement funding should stay within 10-20% of the settlement you’re set to receive.
You want enough money to cover costs without being more than (or most of) your settlement. Of course, it’s impossible to predict unexpected expenses. You might need more cash than you initially thought, which is where a second loan comes in.
Click to contact the Silver Dollar Financial Team today or Call +1(844)871-0628
Getting a Second Cash Advance
Many personal injury cases take a year or more. You might not even file your lawsuit until up to two years after your injury under Georgia Code §9-3-33. So, it’s very common to need additional help during that time.
If you stay within the 10-20% of your settlement value, you can usually apply for another pre-settlement loan. Some people might apply for multiple advances.
At Silver Dollar Financial, we work to give you funding to cover your costs until your case resolves. You can get up to $100,000 from your pending settlement. Plus, we can send the cash in as little as 24 hours. Click Apply Now or call (844) 871-0628 to get started today.
What Happens if a Company Rejects a Second Funding Request
A funding company might deny your request if the total loan amount goes over the 20% limit. The limit is to protect both you and the lending company.
Pre-settlement loans are not actually loans. They are non-recourse cash advances, which means you don’t have to pay the money back if you don’t win your case. Limiting the funds removes the risk for you. It also keeps the company comfortable with potentially losing money.
If one company rejects you for funding, you can sometimes apply with another company. Each company will look at your case details and previous loans. At Silver Dollar Financial, we’ll do what we can to help. Our team is open and honest about our processes and what we can provide.
How Long It Takes to Get Pre-Settlement Funding
You can get pre-settlement funding from Silver Dollar Financial in as little as 24 hours. We streamline our process to get results quickly. Here’s our three-step process:
- Click Apply Now to fill out an online application.
- We’ll review your application and case details. We’ll contact your attorney for documentation.
- If you qualify, we’ll send the funds directly to you.
You only pay back the funds when you win your settlement. If you don’t win your case, you don’t have to pay us back.
If you’re considering more than one pre-settlement loan, contact Silver Dollar Financial or apply online. We’ll determine the best solution for your situation. Our goal is to provide funds that bridge the gap until your case resolves.
Apply Now for Pre-Settlement Funding
Why Choose Silver Dollar Financial
It’s important to choose carefully before you apply for pre-settlement funding. Predatory companies exist, and they don’t have your best interests in mind. Multiple pre-settlement loans can complicate things, so be sure to work with a company you can trust.
Silver Dollar Financial is all about customer service and transparency. We want you to end your case better off, not more stressed. We think both short- and long-term for our clients, even after you’re done working with us.
Working with us, you can expect:
- Friendly and knowledgeable team members
- No credit checks
- No background checks
- Up to $100,000 in funding
- Cash advances in as little as 24 hours
Reach out if you need help during your personal injury case. We’ll look for a solution that helps until you get your settlement. We’ll also keep you up-to-date throughout the entire process.
Apply with Us for a Pre-Settlement Loan
Apply today if you need pre-settlement funding after your injury, even if you’re looking for multiple loans. We’ll respond promptly to let you know if you qualify. If you do, we can get you the cash in as little as 24 hours.
Silver Dollar Financial works to meet your needs as you wait on your personal injury settlement. We’ll cover your financial needs now so that you can fight for a better outcome later.
Click Apply Now or call us at (844) 871-0628 to get started.