How Long Does It Take to Get Settlement Loan?
One of the tactics used by at-fault parties, insurance companies, and opposing attorneys in a personal injury case is to stall negotiations for a settlement. The idea is that the injured person, faced with mounting medical expenses, lost wages, and necessary life costs like rent and food will become desperate enough to accept a smaller settlement than the one they rightfully deserve. By getting a pre-settlement loan from Silver Dollar Financial, you can take this power away from the opposing side in your claim and fight for the true value of your compensation. A settlement loan can be deposited into your bank account in as little as 24 hours, pending approval of your application.
Understanding Pre-Settlement Funding
A pre-settlement loan is a way to borrow forward from your future settlement. In other words, Silver Dollar Financial provides you with money now, and then you pay back whatever is owed after you settle your case. Getting your money now rather than at some indefinite point in the future allows you much more flexibility in negotiation and ensures that you can meet your needs and those of your family while waiting on the compensation you are owed.
The Popularity of Pre-Settlement Loans
Sadly, the wheels of the justice system often move slowly. As an injured person, you and your attorney have up to two years from the date of your accident to file a claim against the opposing party. But that’s only the beginning of the wait. After you file, you can face months of delayed negotiations, stall tactics from the opposing side, and a lengthy trial if you are unable to reach an appropriate settlement arrangement.
For this reason, getting a settlement loan is a popular choice among people waiting for their settlements to resolve.
Structured Settlement Loans
Sometimes, your claim may resolve in your favor, but the result can still be disappointing. For example, you may be awarded the money you deserve, and yet the settlement can be structured so that you only get small payments at regular intervals rather than one large lump sum. This arrangement has become more popular since the H.R. 5470- Periodic Payment Settlement Tax Act of 1982.
Silver Dollar Financial can help you get the full value of your compensation now rather than later. We can provide you with a structured settlement loan of up to $100,000 immediately, and then you can pay us back as the smaller installments of your settlement agreement roll in.
The Speed of Loans with Silver Dollar Financial
At Silver Dollar Financial, we know that you deserve your money now. The sooner you have a cushion of funds in your bank account, the sooner you can achieve the upper hand in settlement talks. That’s why we keep our process transparent and simple. Below are the three steps that can lead to your money in your account in as little as a single day.
- Application: you fill out the form on our Apply Now page with information about you, your attorney, and your claim.
- Review: we assess your situation and determine eligibility for a settlement loan.
- Funding: we transfer money to your account upon the approval of a settlement loan.
It is important to understand that your credit score is not considered as part of the review process. While Silver Dollar Financial will do our best to provide a solution for your financial woes as soon as possible, we may contact you or the law firm that represents you for additional information. This just helps us make a better decision about your loan application by considering all aspects of your case.
Paying Back a Settlement Loan
Understandably, repaying a loan is often at the top of an injured person’s list of questions. Silver Dollar Financial removes the worry from this issue in two distinct ways. First, you pay us back from your eventual settlement. You keep whatever is left over!
Secondly, you do not have to pay us back if you are unable to recover. We understand that the justice system is unpredictable and, unfortunately, not all claims go the way we would like. If your case goes to trial and you are not awarded a settlement, you don’t have to repay your settlement loan.
Start Your Settlement Loan Process Today
If you are waiting on a stalled settlement negotiation or need funds now for a legal claim, consider a settlement loan from Silver Dollar Financial. You can have the money within 24 hours!
To learn more about our process, call the Silver Dollar Financial team at (844) 871-0628. To get your settlement loan application started, fill in the information on our Apply Now page.