While your case is in progress, you still need money to keep your bills paid and get the care you need. How do you pay for it while you wait? You can get a lawsuit loan, or personal injury finance funding, for personal injury cases of most types.
This means that no matter what type of personal injury you’ve received, you can get personal injury finance funding if you have a case in progress. That’s the most important qualification. If your lawyer thinks you have a case, we can provide you with funding.
Cases that Qualify for Pre-Settlement Funding
Which cases qualify for personal injury finance funding? Quite a lot! Some of the case types we’ve funded include:
- Car accident claims
- Motorcycle accident claims
- Pedestrian injury cases
- Tractor-trailer crash claims
- Dog bite injuries
- Slip and fall accidents
- Medical malpractice injuries
- Drunk driving accident claims
Personal injury finance funding lenders, like Silver Dollar Financial, are usually more concerned about the viability of your claim than with the specific injury you suffered. The more critical aspect of your case is your eventual settlement’s potential value, as that will be used to pay back your personal injury finance funding.
Lenders like Silver Dollar Financial are in the industry to provide injured people with relief, so they want to make sure that you will not be overly burdened with loan payments after your settlement.
Click to contact the Silver Dollar Financial Team today or Call +1(844)871-0628
How Non-Recourse Personal Injury Finance Funding Works
Silver Dollar Financial exclusively offers non-recourse loans rather than recourse loans to ease your anxiety over getting legal funding. According to the Internal Revenue Service (IRS), a non-recourse loan is the safer type of debt to take on, as it does not hold you personally liable for the debt.
In other words, you wouldn’t have to pay more than you get in your personal injury claim settlement since that is your loan’s “collateral.” If you end up losing your case, you will not have to pay back the money you received from us because we lack recourse to your other assets.
Understanding How Different Loans Treat Collateral Differently
With a non-recourse loan, the lender is only allowed to recover the collateral. For example, let’s say you have a non-recourse loan with your bank to purchase your house. If you default, the bank may take your home.
However, the bank cannot go after more of your property, garnish your wages, or pursue any other form of payment even if your house is now below the value you owed for your loan.
On the other hand, a recourse loan allows the lender to hold you personally liable for the loan’s full value. So, if you default on a recourse bank loan for your home, the bank could garnish your wages even after taking your home.
How You Can Use Your Personal Injury Finance Funding
Once you are approved for a pre-settlement loan from Silver Dollar Financial, you will receive up to $100,000 in your bank account. This personal injury finance funding is available for you to use as you see fit. It’s your money, after all! Use it to go ahead and knock out payments for the damages you suffered, such as:
- Medical bills
- Property repair or replacement
- Income lost as a result of your injury
Or, use this money to pay for everyday expenses like rent, mortgage, groceries, tuition, therapy sessions, and other necessities. The point of pre-settlement funding is to ease the mounting financial pressure that you face as you wait for your negotiations to settle or your lawsuit to work its way through court.
Beat the Insurance Companies By Taking Away Their Leverage
In many personal injury settlement negotiations, the at-fault party’s insurance company will purposefully attempt to delay proceedings as much as possible. They know that you are put under more stress the longer negotiations last.
Rather than being eager to take responsibility and help the victim, their goal is to pay as little as possible, and they hope that you will be more likely to settle for less than you deserve if you become desperate for funds to pay the bills they forced on you.
Legal funding puts the control back in your hands by removing this tool from the insurance company’s arsenal. When you have up to $100,000 in your bank account to spend as needed, you can wait out the insurance company’s stall tactics until your lawyer can work out the most beneficial deal possible.
What About Interest?
Silver Dollar Financial only offers simple interest loans, and this is an important part of our philosophy. Simple interest loans make it easy for you and your lawyer to know how much you’ll have to pay once your settlement completes.
Other companies charge compound interest. If your case settles quickly, that’s not so much of a problem. But the longer your case goes, the more that compounding action will eat away at your settlement. You could be left with very little left!
We never want to leave our clients in that position. We also limit our loan amounts so that when you win your case you are still left with a sizable settlement after our fees and our lawyer fees.
Apply Now for Pre-Settlement Funding
Get Your Personal Injury Finance Funding Now
Silver Dollar Financial is here to help if you are looking for a solution to financial woes during your personal injury case. Start the process by filling out the form on our Apply Now page and, within as little as 24 hours, you may be approved.
Our process is transparent. We even have an online portal for your attorney to upload relevant documents, request additional funds if your original loan is getting low, and keep your data secure.