If you’ve been injured due to another person’s negligence, you may be entitled to compensation. While your lawyers are fighting to achieve a fair settlement, you face a variety of expenses, including medical and legal bills, mortgage, credit card payments, and more.
By taking out a lawsuit loan, you can pay the bills and give your legal team the time to negotiate a better settlement.
Many lenders offer pre-settlement loans to people who are waiting for a settlement check in a personal injury case. Let’s take a look at how one of these companies, America Lawsuit Loans, compares to Silver Dollar Financial.
America Lawsuit Loans: An Overview
Based in Fort Lauderdale, America Lawsuit Loans works with clients from all over the United States. The company promises a low interest rate, a simple application and approval process, and clear terms.
Based on your case, the lender’s team of experts determines the loan amount. The company doesn’t set a limit on how much it is willing to lend. The company specializes in funding a variety of different cases, including:
- Personal injury cases
- Product liability lawsuits
- Slip and fall cases
- Sexual abuse lawsuits
- Medical malpractice lawsuits
- Hernia mesh lawsuits
- And many more
To apply for a pre-settlement loan with America Lawsuit Loans, you need to:
- Submit an online application.
- Share all case details and evidence.
- Provide contact details of your attorney.
Once the application is approved, the company promises to send the money within 24 hours.
Benefits of Working with America Lawsuit Loans
If you are waiting for your case to play out, you may be pressed for cash. By choosing America Lawsuit Loans, you can get:
- Fast approval – the company promises to approve loan applications within 24 hours. However, in some cases, it may take several days.
- Large cash amounts – the lender doesn’t cap its loan amounts so if they believe that your case is strong, you may get sizable pre-settlement funding.
- Simple application process – to apply for this type of loan, all you need is to have a case and work with a lawyer.
- Repayment terms – you don’t have to repay the loan unless you win the case. However, you need to discuss what happens if the settlement amount ends up being lower than the loan amount.
- Coverage – the lender works with plaintiffs in 50 states.
If you are approved for a lawsuit loan, you can get the money to cover your immediate expenses. Just like Silver Dollar Financial, America Lawsuit Loans doesn’t require you to spend the money a certain way. As soon as you get the cash, you can use it any way you like.
Problems You May Encounter with America Lawsuit Loans
While this lender’s offer and approval procedure may seem appealing, you may face a few problems when working with the company. Some of them include:
No Cap for Loan Amount
Unlike Silver Dollar Financial, America Lawsuit Loans doesn’t cap its payout amounts. It promises to determine the right figure by considering several factors that include:
- Damages
- Liability
- State limitations
This means the company trusts its experts to determine the approximate settlement amount. According to the lender, it can be as high as $2.5M or as low as $500. However, such calculations require extensive legal expertise, which the lender doesn’t confirm in any way.
Eventually, you may end up taking out a sizable loan only to get a smaller settlement amount. Coupled with high interest, it may take a while to pay the loan off.
Questionable Approval Time
Just like Silver Dollar Financial, American Lawsuit Loans promises to approve your application in 24 hours. However, once you apply for the loan, you’ll learn that the company makes approval decisions based on case details. In some situations, this could mean that approval time is much longer than 24 hours.
If your case is strong, you are highly likely to get approved. However, you have to be ready to wait for the decision.
No BBB Accreditation
When you choose to work with a lender, you want to have certain guarantees. Better Business Bureau (BBB) accreditation means that a company agrees to live up to certain Standards of Trust, such as honoring promises.
Unfortunately, America Lawsuit Loans didn’t receive Better Business Bureau accreditation. Meanwhile, Silver Dollar Financial is BBB-accredited and has an “A” rating.
American Lawsuit Loans Web Reviews
When choosing a lender for pre-settlement funding, online reviews are highly important. They can tell you what to expect from the company and how well it fares compared to other players on the market.
When searching for American Lawsuit web reviews, you can only find:
- One TrustPilot review – even though it is a 5-star review, the average rating of the company is 3.7 out of 5.
- Four Google reviews – all four reviews are positive. However, they are all one or two years old.
Reasons for a lack of recent reviews may vary. It’s possible that the company isn’t offering services anymore, or perhaps it doesn’t have sufficient time to take care of its digital image.
America Lawsuit Loans vs. Silver Dollar Financial
Both America Lawsuit Loans and Silver Dollar Financial are lending companies that specialize in pre-settlement funding.
While both these companies offer similar services, the former isn’t BBB accredited. With America Lawsuit Loans, it can take a while to get approved, especially if your case is complex. Meanwhile, the online reviews for this company are somewhat limited.
Silver Dollar Financial is a reliable BBB-accredited lending partner with flexible lending options and excellent online reviews.
Contact Silver Dollar Financial Today to Apply for a Lawsuit Loan
If you’ve been injured due to someone else’s negligence, it can take a while to get a fair settlement. At Silver Dollar Financial, we offer you a great opportunity to pay your bills while you are waiting for the settlement check. If you lose the case, you don’t have to repay the loan.
Apply for a lawsuit loan today and get the cash within 48 hours.