The money you receive from legal funding is similar to a loan, but not quite the same. Legal funding is like a hybrid between a loan and a cash advance. Once you apply and get approved, you can use legal funding as you wish to cover expenses before and during your trial.
The amount of cash you can get in advance depends on the facts of your case. With Silver Dollar Financial, you can receive up to $100,000 in pre-settlement legal funding.
Silver Dollar Financial provides personal injury victims with money to help them prevent drowning in debt. We operate on compassion and understanding for all who apply with us. We know that going through an accident is physically challenging and emotionally traumatizing. With years of experience helping clients, allow us to help you too.
Apply online or call us at (844) 871-0628.
How We Calculate How Much You Get
While the money you receive is like a loan, it is also similar to a cash advance. The money that you receive from us is also partially rooted in your settlement. You are essentially taking out money from the settlement you will win early to cover any financial obligations you are currently facing.
We do not arbitrarily assign an amount to each case. All applications get thoroughly reviewed, and the amount of cash you get in advance gets decided based on:
- How much you need
- Your current financial situation
- How much your estimated settlement is worth
You can receive up to $100,000 in funding if you qualify. Typically, clients receive about 10% to 15% of their settlement. This is not set in stone as we take into consideration the other aspects listed above as well. If you need a larger amount in advance, we try to see what we can do to help you qualify for more.
Remember, you can always apply for more funding if the amount comes to be short. Injuries and the cost of damages can be unpredictable. At one moment, you have things covered, and the next, a sudden hospital visit may require you to get additional funding to pay it off. These are just general guidelines and can vary from case to case.
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Legal Funding as a Cash Advance
Legal funding is also non-recourse. The Internal Revenue Service (IRS) states that borrowers are not held liable for non-recourse debts. If the borrower cannot pay back their loan, the lender cannot seek to recover any losses through them outside of what they borrowed.
In the case of legal funding, you do not have to pay anything back if you do not win your settlement. Should you lose your lawsuit, there is no need to worry. Our goal is to make legal funding a source of comfort, not an added source of stress and economic strain.
What Can I Use Legal Funding For?
Legal funding is versatile, and there are no restrictions on how you choose to use it. Once we calculate how much you get, you can put the money you receive towards whatever expenses you need to be covered.
Medical treatment can be titanically expensive. Something as simple as a broken leg can cost thousands of dollars to fix. Healthcare.gov explains that many people can go into bankruptcy or debt paying for their medical bills without proper insurance.
Even with insurance, you can still face a large bill. Insurance does not cover everything and, depending on your coverage, may not even help you cover your bill at all. You can use legal funding to help pay for any costs, so you don’t have to choose between getting treatment or facing debt.
Rent, Mortgage, and Living Expenses
Getting injured can mean losing your ability to work either for an extended period or permanently. If you cannot work and pay your rent, mortgage, or living expenses such as food and utilities. The money you get after you qualify can help you cover these costs while waiting for your settlement.
If you cannot work, you won’t get paid. Legal funding can replace the wages you lost so you can cover your bills promptly and pay for other necessities in your life. If your injuries are not that serious but impact your ability to do your job completely, you can supplement any reduced income as well.
Vehicle Repair and Replacement
Many people use their cars to get around. The United States is a large country, and outside of specific urban areas, the car is an absolute necessity when traveling. Your funding can help you pay for repairs or help you purchase a replacement vehicle after an accident.
Our Process to Apply
Applying for legal funding is done in three steps:
- Apply with our online form or call us. Provide your information as well as your lawyer’s information, facts about your case, and how much money you need.
- We review your case and calculate how much funding you are eligible to receive.
- Upon approval, you will get a percentage of your estimated settlement amount within 24 hours.
We know time is of the essence and aim to finish reviewing your application as soon as possible. After receiving your information, we will use that to calculate how much money you can get accurately.
Apply Now for Pre-Settlement Funding
Apply for Legal Funding with Silver Dollar Financial
Get cash from your settlement in advance today. Our application process is streamlined and efficient. Fight back against the insurance company and the defense that seeks to exploit your financial hardship. We can give you the money you need to hold out for a good settlement that will truly reflect the damages you have endured.
We have been operating for years on the key foundational tenets of respect, responsibility, and empowerment. Hundreds of clients have gotten from us the money they need to get the settlement they deserve. Let us give you the financial assistance you are looking for with minimal hassle. Call us today at (844) 871-0628.