How Long Does It Take to Process an Application for a Pre-Settlement Loan?
When you are waiting on your personal injury claim to settle, life does not wait with you. Medical bills, rent, food, power bills, and more are all exacerbated by a lack of income if your injury prevents you from working. Worse, the opposing side and their attorneys will try to drag negotiations on for as long as possible, hoping either to postpone payment or force you to settle for much lower than the true value of your claim. Fortunately, a pre-settlement loan application with Silver Dollar Financial can process in as little as 24 hours, giving you the funds you need to free yourself from stress.
Silver Dollar Financial works diligently to get you your money as fast as possible. In Georgia, the statute of limitations is up to two years from the date of your injury to file a claim. That’s just to file the claim. Then you have a discovery process in which both sides gather evidence, negotiations that can take several months or longer, and (if no agreement is reached) the possibility of a lengthy trial always looms. Through a pre-settlement loan, you can get your money now and ease the pressure on you and your family.
Information I Need to Include in My Application
Silver Dollar Financial uses a simple three-step process when providing pre-settlement funding. The only step that requires effort on your part is the first: application. Below are a few items you’ll want to include when applying for pre-settlement loans with Silver Dollar Financial.
First, fill in your name, email, phone number, and other required information so that we can get in touch with you when your application is approved.
Law Firm Information
It is also important to include the name and contact information of the law firm representing you in your case. That way, we can confirm details about your case and request additional information from the law firm if we need it, speeding up the process through transparent communication.
Information About the Case
When you provide us with information about the case, it helps us estimate the value of your claim so that we can assess how much to loan you. The value of your case is determined by, among other factors, your damages, which can include the following.
- Medical costs
- Lost wages
- Property repair (such as your vehicle after a car accident)
- Your pain and suffering
- Loss of consortium with a spouse
- Loss of enjoyment in life
Information About Finances
Though the application process does not consider your credit score, Silver Dollar Financial needs information about your financial situation to help us assess your need. Be sure to include items like your wage pre-injury, expenses, etc.
After My Pre-Settlement Loan Is Approved
Your money can be deposited into your account immediately after you are approved. Remember: approval can come within as little as 24 hours after you have submitted your application. There are a few things to keep in mind when considering a pre-settlement loan.
I Borrow From Myself
Your loan of up to $100,000 may be facilitated by Silver Dollar Financial, but it is paid back out of your eventual settlement. In other words, you borrow from your future self through the mediation of Silver Dollar Financial. For injured people worried about accepting a loan, this fact should assuage some of those anxieties.
When I Do Not Recover Compensation
The worst-case scenario in a personal injury claim is that you cannot reach a settlement and, after a long trial, the judge or jury ultimately decides in favor of your opponent. When that happens, you may not receive any compensation for your injuries, but you still may have taken out a loan. What does that mean?
At Silver Dollar Financial, we want to help you get the money you need without adding to your stress. If you don’t recover compensation, you do not have to pay us back! This policy helps to remove any anxieties you may have about taking out a pre-settlement loan. Rest assured that borrowing from your future self is low-risk. Silver Dollar Financial also communicates with your attorney in order to keep the process totally transparent and keep you in the loop.
Getting My Pre-Settlement Loan
Your money is waiting for you, and it’s potentially only 24 hours away. If you would like to apply for a pre-settlement loan from Silver Dollar Financial, click on the Apply Now button at the top of the page. For more information about how the process works, feel free to call our experts at (844) 871-0628. Get your money now and take control of your life again.