Pre-settlement loans exist to help you get through a tough financial hardship. Most loans need you to have a steady income source, employment, collateral, and a host of other requirements. With us, this is not the case – you don’t have to jump through all those hoops in order to qualify.
The courts are often slow to decide on a settlement for your case, and while you wait your debt continues to grow. Accidents cause all sorts of unintended expenses that make paying for your bills even harder. Getting a cash advance through a pre-settlement loan can help you recover financially.
Silver Dollar Financial has been lending to clients for years. We have helped hundreds of people continue to stay in the fight for their settlement by giving them the money to do so. Contact us today or apply online.
Injuries Can Lead to a Lack of Employment
The team at Silver Dollar Financial knows that your injuries are serious. When you get injured, lasting physical and psychological effects may impair your ability to work like you used to. In many cases, you could end up losing your job altogether.
Injuries from slip and falls, car accidents, product liability, and more can result in:
- Chronic pain
- Emotional trauma
All of these factors can lead to unemployment. If you cannot work, you cannot earn money to pay your bills. This is where a pre-settlement loan comes in.
Requiring a proof of employment would defeat the purpose of offering pre-settlement loans altogether. You are in this financial hardship precisely because of the accident that caused your injuries. It would make no sense to offer these funds based on your ability to work.
Click to contact the Silver Dollar Financial Team today or Call +1(844)871-0628
How Is a Pre-Settlement Loan a Cash Advance?
Pre-settlement loans do not work like regular loans you get from the bank. They work more like cash advances. In essence, you are borrowing money from yourself with the settlement you will eventually win.
These loans are also non-recourse. Non-recourse loans, according to the Internal Revenue Service (IRS), are debts that the borrower is not liable for. If you cannot pay back your loan, the lender cannot recuperate their losses through other financial avenues.
Bank Loans or Pre-Settlement Funding: Which Is Better?
When you’re waiting for a lawsuit to settle, it’s natural to explore all available loan options to get the money you need as quickly as possible. For many people, banks represent a trusted source of funding. But pre-settlement loans might be the better way to go for you. That’s for two primary reasons.
- Qualification: With a bank loan, you’ll need to pass credit checks, employment verification, and additional hurdles like having enough collateral to back the loan. None of that is true for pre-settlement funding, which is based on your existing lawsuit.
- Risk: Nobody wants to think about losing their lawsuit, but it’s possible. If you end up without a settlement after getting a bank loan, you’re still on the hook for the total amount of the loan, plus interest – not true for pre-settlement funds!
Using Your Pre-Settlement Legal Funding
Pre-settlement loans are also a great choice because they can be used however you need to use them. That can include court fees and other expenses related to your lawsuit, but the money can also be spent on other items.
Some of the most common ways people use pre-settlement loans include:
- Replacing lost income from missing work
- Daily expenses like food and travel costs
- Rent and mortgage payments
- Additional bills such as phone or utility bills
Other loan types rarely have that kind of flexibility in spending, but it’s necessary to help you hold out for the settlement you desire. While the other side in your lawsuit tries to delay proceedings to get you to settle for less than you deserve, you can use your pre-settlement funds to counteract their stall tactics.
Apply Now for Pre-Settlement Funding
What You Need to Do to Apply for Pre-Settlement Funding
There are only a few steps you need to follow to apply.
Fill Out an Application
Provide your basic information, your lawyer’s information, facts about your case, the amount of money you need, and the current status of your financial situation. This does not mean we need your employment history or any financial documentation. All we want is to understand your predicament to evaluate your case.
In addition, we do not require a credit check as your credit score is not necessary for approval. The only things that we care about are your case’s details and how much funding you require. Do not worry about your employment situation or financial health.
We Review the Details of Your Application
We will assess your application and go over all the facts. If we need additional information, we will contact you or your lawyer. Our goal is transparency and security. We want you to have the peace of mind knowing that your information is safe with us.
The way we approach our review is holistic. No matter what case, injury, or debt you may be in, we will see every case brought to us compassionately and honestly.
We Notify You as to the Status of Your Application
We will notify you whether you get approved or not. If you do get approved by us, you will receive your money quickly.
In as little as 24 hours, you can receive up to $100,000. We move quickly to ensure that you can meet your financial obligations before their deadline.
The Popularity of Pre-Settlement Loans
Pre-settlement loans offer many benefits and cover a wide variety of your expenses. Some of the most common include:
- Medical expenses
- Vehicle repairs or replacement
- Living expenses such as food, utilities, etc.
- Lost wages
- Tuition fees
The flexibility and ease to apply to make pre-settlement loans the popular choice for many who have difficulty paying off their bills. Many people recovering from their injuries may not have the financial strength to get through a long trial. Pre-settlement loans offer people a chance to continue fighting their case.
According to the Centers for Disease Control and Prevention (CDC), millions of people visit the emergency room for injury-related reasons. Many of these injuries will result in the victim losing their job or reducing their ability to work like they used to. Getting a loan will help them pay debts while seeking justice and compensation.
The Statute of Limitations for Filing a Personal Injury Claim in Georgia
In Georgia, you have two years to file a claim for your personal injury. It is always best to file as quickly as possible. Do not delay to get your settlement.
Even if you file early, it can still take a long time before any settlement gets reached. During this time, you could lose your job due to your injuries. Getting a cash advance through a pre-settlement loan can help you get by.
Apply for a Pre-Settlement Loan Today with Silver Dollar Financial
Unlike applying for a traditional loan at a bank, we are not concerned with your employment or economic history. Our goal is to get you the funding you need through your case’s merits and compassion for your situation. For years, Silver Dollar Financial has helped clients avoid accepting a low ball settlement from insurance companies.
We have helped hundreds of personal injury victims fight back against stall tactics from the defense. Our team stands ready to help you get through your economic rut quickly and easily. If you need a cash advance quickly to cover expenses, apply for a pre-settlement loan today.