As an assault and battery victim, the harm spreads across every aspect of your life. Not only did you fall victim to crime, but the damage also left behind financial losses alongside unspeakable emotional and physical injuries.
Based on your case, Silver Dollar Financial can come through or you in the traumatic period after the attack through assault and battery lawsuit loans. We’ll help you keep up with your living expenses, medical bills, car payment, and mortgage until your claim is resolved. What’s more, you’ll get a risk-free cash advance – you’ll only pay back if you recover damages.
What’s an Assault and Battery Lawsuit Loan?
A lawsuit loan isn’t typical financing, in the true sense. It should be considered a cash advance that you receive based on an estimated future settlement.
It’s common for defendants to drag out negotiations for months to influence plaintiffs to submit to the resultant financial burden and agree to a lower settlement amount. But if you have pre-settlement funding, you can easily resist their pressure tactic.
A lawsuit loan issued by a reputable funding company typically comes at a relatively lower, simple interest rate. However, it’s not easy to determine the exact amount of legal funding you qualify for without first reviewing your case and consulting with your attorney. Assault and battery cases vary, so you shouldn’t expect a typical fee.
Most of the time, the loan value may range from 10% to 20% of the total settlement value. It’s hard to find a higher value than this from legal funding companies because they manage their risks and plaintiffs’ risks.
Why a Lawsuit Loan?
It would help to focus more on yourself after an assault and battery incident. The medical bills and therapy expenses cannot pay themselves. Neither will any other cost that comes up after this experience, including lost income for the duration you’re not working. While money won’t solve the problems, it can help you cope as you recover.
With an assault and battery lawsuit loan, you’ll quickly push through the challenging time until you finally receive the settlement. This transition can take more than a year if you go without a pre-settlement cash advance. When you ultimately win the case, your lawyer will repay the loan right from the settlement amount.
The best part is you’ll not be forced to pay a cent if the case outcome doesn’t favor you. Either way, you won’t be forced to pay back the loan out of pocket.
How Should You Use the Money?
How you’ll spend this money is totally your decision! Your financier will have to review the case details to approve your application; that’s why they must be in touch with your attorney. However, there’s no reason for them to check how you spend the cash when it’s finally in your hands.
A bank would want to know your spending plans, but this doesn’t apply to a lawsuit loan because it’s not a typical loan. That’s why you’ll pay the loan right out of the settlement amount. What you’ll get from the case isn’t really affected by what you choose to spend on.
For the same reason, Silver Dollar Financial doesn’t check your employment or credit history since these details are irrelevant to how you’ll pay the loan back.
Qualification Criteria for Assault and Battery Lawsuit Loans
It’s easy to qualify for funding for your assault and battery lawsuit. Assuming you’re of legal age, you must meet the following qualifications:
An Attorney Should Be Working for You on Contingency
The fact that you already have an attorney working on your case indicates seriousness. Lawsuit financiers work directly with them, so they must already have interests in the case. Also, contingency is a seal of approval of a strong case.
Your Attack Resulted in You Suffering Physical Injuries
Understandably, mental and emotional trauma are real in assault and battery cases. However, assigning value to non-physical damages isn’t easy. While the injury severity doesn’t affect approval for the loan, it must have occurred.
The Other Party Is Found Liable for Your Damages
Your case must be an assault or battery, not a fight where you are partly liable info the damages. Fortunately, the police report will be sufficient evidence.
How Much Is Your Assault and Battery Case Worth?
There’s no standard settlement amount prescribed for assault and battery lawsuits, and this varies based on different case circumstances. Physical injuries are crucial in determining the potential settlement amount. However, it’s usually the most outstanding liability.
Who’s the at-fault party in the assault? Was it a random person messing around, and the building you were in offered no security? Did the incident occur in a bar where the involved individuals were drunk? Were there any witnesses? Did you cooperate with investigations?
Proving your innocence is exceptionally crucial. The defendant probably has an attorney who’s entirely focused on giving the impression that you’re partly to blame for your injuries. Therefore, it’s essential to have some witnesses to tell the police their accounts of the incident.
Battery and assault cases with reasonable damages and proven liability can settle anywhere between $10,000 to six-figure amounts. Insurance would be the last bit – the liable party must be able to compensate the expenses. The amount could be from a company policy or your homeowner’s insurance if the assault occurred in a house or at a business, respectively.
Talk to a Reliable Legal Funding Company Today
Silver Dollar Financial offers numerous funding options to personal injury victims who already have a case in progress and need cash to address their daily needs and medical expenses. We have a simple loan process that involves filling an online form, patiently awaiting approval for as little as 24 hours, and getting the cash you need to address your needs.