What Happens if I Lose My Lawsuit?
Lawsuits are unpredictable. Even if your case seems airtight, there is always a possibility that a judge or jury will see the situation differently. Unfortunately, losing a personal injury lawsuit means that you do not receive any compensation from the person you believe caused your injury. The good news is that, if you previously took out a pre-settlement loan with Silver Dollar Financial, you do not have to pay us back if you lose your lawsuit. While you may have experienced the benefit of pre-settlement funding while your claim was still being resolved, you are not burdened with additional payments on top of receiving no compensation from the at-fault party.
Silver Dollar Financial is dedicated to helping injured people get relief. As part of our pre-settlement loan application evaluation process, we assess your case’s strengths and financial needs. We try to ensure that providing a loan will not be an extra burden on you and that you will be able to get an appropriate settlement so that you can pay back your loan. But as a last resort, we offer a policy of non-repayment if you lose your lawsuit.
Reasons You Might Take Out a Pre-Settlement Loan
A lawsuit is typically the last stage of your personal injury claim. Usually, your attorney will try to negotiate a settlement with the opposing side before taking the case to court. Unfortunately, the opposing party and their insurance company often fight to pay as little as possible and try to use stall tactics to prolong the negotiations and make you desperate to settle. A pre-settlement loan can help ease that pressure.
Paying for Necessary Expenses
Your personal injury claim’s value is calculated by adding all the damages you suffered because of your injury. These can include items like:
- Medical bills
- Cost of medical equipment installed in your home
- Property repair or replacement costs
- Lost wages due to missing work
- The monetary value of your pain and suffering
But before you get compensation for those items, your living expenses still keep cropping up. For example, you may need to pay rent, get groceries, make tuition payments, or take care of a host of other demands. Getting a pre-settlement loan from Silver Dollar Financial means you will have up to $100,000 in your bank account to handle those problems as they arise.
Countering Stall Tactics from the Opposing Side
Insurance companies know that those life expenses don’t wait for a personal injury claim to resolve. That resolution can be a long time coming, as you typically have several years to file your claim (according to your state’s statute of limitations) before negotiations can start. All told, you may wait for years before getting compensated for your injuries.
As bills roll in and debts mount up, opposing insurance companies want you to feel like you need to snatch at any amount of money they offer instead of what you are genuinely owed. By giving you the means to pay for living expenses, pre-settlement funding takes the teeth out of this tactic and strips the opposing insurance company of its negotiating power.
How You Pay Back Pre-Settlement Loans
Some people may be reticent to take out a loan, perhaps thinking of past nightmares with organizations that engage in predatory lending. However, Silver Dollar Financial is committed to transparency, offers non-recourse loans to protect you from personal liability, and does not require you to pay back your loan if you lose your personal injury lawsuit.
Payment Comes from Your Eventual Settlement or Award
Pre-settlement funding is essentially a way of “borrowing forward” from your future compensation. Silver Dollar Financial acts as a mediator between current-you and future-you, providing up to $100,000 to you now while you await your settlement or jury award. When you finally get compensation for your injury, which is often higher than it would be, since you can take the sting out of the other side’s negotiation tactics, you pay us back and keep the rest!
Getting Your Pre-Settlement Funding Now
Take control of your personal injury claim by getting pre-settlement funding to pay the bills and declaw the opposing side’s stall tactics. The process is easy and only requires one step from you: application.
- Application: hit the Apply Now button and fill in your information in the provided form.
- Approval: In some cases, you can be approved for a loan in as little as 24 hours. Our team of financial experts assesses your situation and financial need before making a decision.
- Acquisition: Once you’re approved, you will get up to $100,000 in your bank account to spend as needed!
Take Control of Your Lawsuit Today
With our non-repayment policy, you don’t have to worry about losing your lawsuit. Get a pre-settlement loan as soon as possible by entering your information on our Apply Now page today. Don’t let the opposing side rob you of your claim’s actual value, and don’t allow the fear of losing your lawsuit cause you to settle for less than you deserve. Silver Dollar Financial is here to help you maximize your compensation.