According to the Centers for Disease Control and Prevention (CDC), almost 1.5 million individuals in the United States suffer a brain injury every year. Worse yet, as a victim of this horrifying injury, the consequences can be catastrophic, often leaving your life completely turned upside down in a blink of an eye.
As a result, if you are not prepared to handle the expenses and medical bills that can develop from this injury, you and your whole family will often have to deal with the devastating financial consequences. That is why in these instances, you need a reputable lending company such as Silver Dollar Financial on your side, providing you the financial relief you require during this difficult period.
How Can a Traumatic Brain Injury Lawsuit Loan Help You?
If you suffered a traumatic brain injury because of another person’s wrongful actions, you may be able to pursue legal action to go after the compensation and justice you deserve for the harm and losses you sustained. Unfortunately, due to our complex legal system, the timeline to get this compensation often takes much longer than most people anticipate. Consequently, victims of this horrifying incident are often left struggling not only physically but financially as many times they can no longer work following their accident and resulting injuries.
That is why lawsuit loans are the answer many of these individuals need during this challenging time. A lawsuit loan is a cash advance on an injury lawsuit that you will receive immediately after getting approved by a lending company and will only need to repay if you win your case. These loans are often available for most types of personal injury cases, including:
- Motor vehicle accident claims
- Bicycle accident claims
- Motorcycle accident claims
- Dog bite accident claims
- Slip and fall claims
- Medical malpractice suits
- Tractor-trailer accident claims, and
- Drunk driving accident claims
How Do You Qualify for a Traumatic Brain Injury Lawsuit Loan?
Typically, to qualify for a traumatic brain injury lawsuit loan, you need to have suffered an injury due to an accident, have a pending legal case, or filed a workplace accident claim. You also cannot apply for this lawsuit loan if you have previously applied for other types of financing for the same case elsewhere.
In addition, you also need to be aware of other limitations or laws that may apply to your case. For instance, states often have regulations that dictate the maximum amount of time you have to file a legal claim after an alleged offense. This law is referred to as the statute of limitations, and if your lawsuit is not filed within this appropriate amount of time, you may be barred from pursuing compensation for the damages and losses you endured. As a result, you will not qualify for a traumatic brain injury lawsuit loan.
How Do You Repay a Traumatic Brain Injury Lawsuit Loan Lender?
Generally, a lawsuit loan is paid from the settlement funds or the judgment after other litigation expenses are covered. For instance, when you reach a settlement on your traumatic brain injury case with the other side or when you obtain a jury verdict, there are certain expenses that will need to be paid from the top. These expenses include:
- The lawyer’s fees, which in personal injury lawsuits often make up one-third of any recovery you are awarded.
- The medical liens for services you received from hospitals, medical professionals, doctors, and other specialists.
- The costs related to the litigation process, such as copy costs, court fees, and process service fees.
Only after all these other expenses are paid for will the lawsuit loan lender get paid from the remainder left over.
What is the Difference Between a Traumatic Brain Injury Lawsuit Loan and Other Types of Loans?
One of the most common questions people have regarding a lawsuit loan and a personal loan is the differences between the two. Generally, there are three significant factors that distinguish the two:
Lawsuit Loans are Risk-Free
A critical difference between these loans is a lawsuit loan repayment is contingent upon the success of your injury claim. That means if you do not win your case, you do not have to repay the loan.
Lawsuit Loans have a Faster Turnaround
Most lawsuit loan money is paid out within 24 to 48 hours of application approval, as long as the individual applying and their attorney fill everything out correctly.
Lawsuit Loans are Easy to Qualify For
Since the pre-settlement funding company only cares about the quality of your lawsuit, obtaining a lawsuit loan is easier than qualifying for other personal loans. Plus, the approval process does not deal with employment or good credit checks. Instead, all that matters is the circumstances surrounding your case.
Get the Funds You Need by Working with a Trusted Lending Company
When you work with a trusted lending company, these establishments can get you the funds you need to help keep you financially afloat while your attorney fights hard to secure the maximum compensation you deserve after your accident.
Not only is applying for these lawsuits loans simple but there is no risk to you. All you need to do is fill out an application online, submit the required documents, and soon you can have up to $100,000 in the bank account that you can use to pay for your everyday expenses such as your mortgage payment and your groceries as well as your extensive medical bills and therapies that you may require as part of your treatment plan.
Reach Out to Silver Dollar Financial Today and Get the Help You Need
If you suffered a traumatic brain injury in an accident and are waiting for your legal case to settle, do not struggle through the financial hardships you have to endure during this time. Instead, contact Silver Dollar Financial today for further information regarding our traumatic brain injury lawsuit loans or apply online and get the money you need.