If you have been bitten by a dog, you should be seen by a doctor for your injuries. You need to file a police report and a report with animal control. And you need to hire a personal injury attorney to manage your case.
Likely, your attorney will not require payment before the settlement of your case, but your other bills are mounting up. You may be off from work and are suffering a loss of income. Your regular monthly bills need to be paid. Receiving a dog bite injury lawsuit loan from Silver Dollar Financial can help.
What Is a Dog Bite Injury Lawsuit Loan?
Typically, a dog bite injury lawsuit can be a long, drawn-out process. The dog’s owner, known as the defendant, has insurance and has hired an attorney. The insurance adjuster works for the insurance company and wants to offer you as little payout as possible. The attorney is key to aiding the defendant and the insurance company in paying as little as possible.
Of course, you want the compensation you deserve. But the defendant’s attorney is betting on the fact that you may cave under time. A lawsuit loan can help prevent that.
How Does a Lawsuit Loan Differ from Other Types of Loans?
A lawsuit loan is not a typical loan. You don’t have to have good credit. You don’t need to show proof of employment.
You don’t need to explain how you will use the money. You are applying for a loan, also called pre-settlement funding, with what will be a simple set interest rate. When your settlement comes through, the loan will be repaid through your settlement funds.
While settlement amounts for dog bite claims can vary vastly, it is up to the finance company to determine what your case may be worth to fulfill your loan. Typically, you may receive a loan of 10 to 20% of the predicted settlement.
What Are the Qualifications to Apply for a Lawsuit Loan?
The lawsuit loan qualifications are pretty simple. To file for a Silver Dollar Financial lawsuit loan, you need:
- To be an adult, at least 18 years of age
- To have hired an attorney to manage your case
- Documentation showing your physical injuries are from a dog bite or attack
- Proof that the dog owner is liable
With that, you are ready to move forward with the loan process.
Compensation You May Receive in Your Dog Bite Case
Dog bites and attacks can vary greatly. Some variables in what your case may be worth include:
- The severity of the wounds and injuries from the dog bite
- Type and length of medical treatment including potential surgery and therapy
- Whether the dog has a history of biting or not
- Where the incident occurred
- How the incident took place
- The dog owner’s insurance coverage
If the injuries are somewhat minor and there is no loss of time from work and other normal activities, a settlement may come fairly quickly. But severe cases can include major injuries and even wrongful death. Minor settlements may amount to a thousand to tens of thousands of dollars or more. Severe cases may call for a much higher settlement amount.
These factors are things for you and your attorney to discuss and work out. The projected value of your case will dictate the amount of dog bite injury lawsuit funds for which you could qualify.
Why Might You Need a Lawsuit Loan?
A lawsuit loan will afford you the time to heal from your dog bite injuries and emotional trauma. It will also allow you to focus on your case and can help prevent you from settling for less than you deserve. The amounts between a settlement offer and the compensation you deserve can be vastly different!
If you have the financial backup to carry you through the time of a personal injury lawsuit, that is great. Most people do not have that luxury, however. That is why a lawsuit loan can be very valuable to you.
It is not a decision you have to make yourself. You should seek the advice of your attorney, and you can also consult your accountant or bookkeeper. But if the potential interest of the loan pales in comparison to the outcome you may receive, you could certainly utilize this tool of funding.
How to File for a Dog Bite Injury Lawsuit Loan
It is quite easy to file for a lawsuit loan, also known as pre-settlement funding. Fill out your information on the Silver Dollar Financial application. We will contact your attorney for the documentation of your case and the liability proof he, or she, has discovered. Once approved, you may receive the cash in your account in as little as one day.
How Can You Spend Your Lawsuit Loan?
Unlike other types of loans, you can spend your lawsuit loan any way you want. Generally, loan recipients will pay their regular monthly bills first including the mortgage or rent, utilities, and food. While you may owe for medical bills from your dog attack, often your attorney may be able to work something out for those bills to be paid when your settlement comes through.
But unlike other bills, your lawsuit loan is only owed if you win your case. In the unlikely event you don’t win your case, you have no responsibility to pay back the loan. We are that confident in you, your attorney, and your case.
Why Choose Silver Dollar Financial for Your Dog Bite Lawsuit Loan?
Silver Dollar Financial has experience with dog bite lawsuits and other personal injury cases. We are accredited by the Better Business Bureau and stand behind our record of good business practice.
We will stay connected with you throughout the process of approving your loan. If approved, we will get your funding to you quickly and efficiently. Contact Silver Dollar Financial today!