There is no limit to how many times you can apply for pre-settlement legal funding. If your application gets denied the first time around, you can apply again for reconsideration. If you received funding prior and need more, you can apply for more as well. Regardless of your situation, you can always feel free to submit an application and see if you qualify.
Silver Dollar Financial makes applying very easy. You can get started on your free application by calling us or submitting your information online. There is no risk involved, and we will get back to you very quickly. You can reach our office at (877) 871-0628. Call us today.
Why People Apply for Funding Multiple Times
There are a variety of reasons why people would apply for pre-settlement funding more than once.
Swapping Lending Services
If a borrower does not wish to work with their current lending services and can make the switch, they will need to re-apply for funding again with a different lending institution. While this is not the most common reason, this does happen when the borrower’s current lending service is not good or does not have their best interest at heart.
Needing More Money
When negotiations or lawsuits take an extremely long time to settle, borrowers can quickly run out of the funding they received. To get more, they will need to submit another application and go through the process again.
Re-Applying After Rejection
Sometimes, a claim will get rejected because its merits are not good enough to warrant funding. However, if key aspects of your claim change, such as the settlement amount, there may be another chance of getting funding. When fundamental factors of a claim get shifted, or there are new elements to a case, borrowers can re-apply to see if they get approved this time around.
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Why Is There No Limit to Apply for Pre-Settlement Legal Funding?
Reputable lenders know that you can spend many months and potentially years waiting for a settlement to come through. Even though the Official Code of Georgia Annotated (OCGA) §9-3-33 gives personal injury victims a deadline to file, it does not provide a deadline on how long you should wait to get your settlement.
We all wish that the law can work fast to bring us the justice and peace we deserve, but this is often not the case. Because of the long and unpredictable nature of negotiations and lawsuits, you can end up needing money to get by and stop debt from growing.
This is why Silver Dollar Financial does not have any restrictions on who can apply and how many times they can apply. You can get as much funding as you need multiple times if necessary. So long as you qualify, there is no need to worry about any limitations.
Are There Any Differences to the Application Process When Re-Applying?
The application process remains the same. All you need to do is:
- Fill out our online application or get started over the phone.
- Wait for our team to review your application.
- Receive notification of approval and get your funding in as little as 24 hours.
Once you receive the money, it is yours and free to use as you wish. You will get your funds in the form of a non-recourse loan. The Internal Revenue Service (IRS) defines non-recourse as debts that a borrower is not personally liable for. Essentially, if you do not win a settlement, you pay us nothing. We will harbor the burden of the loss and cannot seek to recuperate it at your expense.
No Credit Checks Required
No matter how many times you apply, we will never request a credit check as a condition for qualification. We are not concerned with your credit score, financial history, or employment history. The most important things to us are your case details and the value of your settlement.
Our application process deviates from the standard loan application process you would expect at a bank. Try to think of our loans as a form of cash advance. The funding you receive is essentially early access to the settlement you will eventually win. Once you win your settlement, you pay us back with the money you won. Remember, if you don’t win, you don’t have to pay us back anything.
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No Restrictions on How You Use Your Funding
Even if you apply and take out multiple pre-settlement loans, you can use the funds however you wish. We do not restrict you on how you choose to use your money. One of the reasons to borrow against a settlement in Columbus with Silver Dollar Financial is that we let you have the freedom and self-agency to do what you need to, no questions asked.
Call Us Today
Choose us to provide you funding during your pursuit of financial compensation. We want to see you succeed and get the settlement you’ve been fighting for. With our money, you can alleviate the pressure of financial hardship off your shoulders. We are honest, upfront, and transparent in everything we do. Trust us to get you the money you need quickly. Submit your information online or call us today at (877) 871-0628.