Traumatic brain injury accidents are catastrophic events that can forever change a victim’s life. In fact, many times, victims of this accident are left having to deal with excruciating pain, debilitating health issues, and astronomical medical expenses that can range anywhere from $85,000 to $3 million. As a result, if an individual is not prepared to take on these costs, they and their family will have to endure a financial crisis for the rest of their lives.
Fortunately, with Silver Dollar Financial, you will not have to take on this financial burden alone. If you are waiting for a lawsuit to settle based on your traumatic brain injury accident, our reputable lending company can provide you the financial relief you need right now to get through this challenging and stressful time.
What Is Traumatic Brain Injury Legal Funding?
Lawsuit funding is a way to get a cash advance on your personal injury lawsuit when you need it most. This is especially essential following a traumatic brain injury accident that leaves you suffering not only physically and mentally but also financially.
This legal funding not only allows you to get money immediately after getting approved by the lending company but, best of all, you will not need to repay these funds unless you win your case.
In general, legal funding is available for most types of personal injury cases that often result in a traumatic brain injury, including:
- Automobile accidents
- Motorcycle crashes
- Bicycle accidents
- Dog bite incidents
- Slip-and-fall accidents
- Medical malpractice cases
- Drunk driving accidents
- Trucking accidents
What Is the Difference Between a Personal Loan and Legal Funding?
When applying for legal funding, many people often question why this specialized financing is needed and whether it would be better to just apply for a generic loan. However, the answer may surprise you.
Typically, there are four factors that really distinguish legal funding from other types of loans:
Legal Funding is Risk-Free
One of the main reasons people would rather apply for legal funding than a real loan is that loan repayment will be contingent upon the case’s success with legal funding. This means that if you do not succeed in your traumatic brain injury lawsuit, you do not owe the lender anything, even after you receive money from them.
You Get Money Faster with Legal Funding
A great thing about legal funding is that you can get money fast, sometimes within 24 hours, as long as all the required information on the application is provided. As a result, instead of waiting days for the funds you need now, you can get this money within hours.
It is Easier to Qualify for Legal Funding
When it comes to legal funding, these lawsuit loan companies only care about the quality of your case. This means that getting funding through a lawsuit loan company is easier than ever, especially when compared to obtaining a real loan.
Generally, all that is required from you to get this legal funding is general information about your case and a few brief moments with your attorney to clarify the legal points of your claim. More importantly, if you need this funding expedited, you can work with the lending company reps to get this request processed the same day.
No Employment or Credit Checks are Needed with Legal Funding
Since all that matters is the background of your legal case, the approval process is hassle-free, and no employment or credit checks are required.
How Can Legal Funding Empower You Following a Traumatic Brain Injury Accident?
Although your traumatic brain injury accident may have been due to the negligent actions of another person, you will often be the one on the hook for the repercussions that result, including the extensive bills and expenses these injuries result in. That is why many brain injury victims may be tempted to settle early and usually for less money because they do not have enough emergency funds to get them through to the end of this legal process. Worse yet, this rationale is also a reason why insurance companies intentionally drag out cases so that they can push these victims to their financial breaking point and get them to accept less money than they deserve.
Thankfully, legal funding allows these victims some room to breathe and the ability to hold off on settling their traumatic brain injury claim until they are closer to the resolution they want. To top it all off, there is no risk to them, as these loans come with a no-win/ no-pay contingency.
How does the Legal Funding Process Work?
When you decide it is time to obtain legal funding, the process is not only simple but relatively straightforward, primarily when you work with a trusted and knowledgeable legal funding company. All that is required from you is to:
- Fill out an application online or call the lender and work with their team at no cost to you.
- Submit all the required documents and information about your legal case.
- Wait for your application to be approved and, once it is, the company will send you a pre-settlement funding agreement to sign.
- Sign the agreement and wait for your money to arrive in your bank account.
As you can see, in no time at all, you can have up to $100,000 in your bank account ready to use for your everyday expenses such as your mortgage payment, grocery bill, or your medical statements.
Apply for Legal Funding Today with Silver Dollar Financial
If you have a pending traumatic brain injury lawsuit, do not endure the financial hardships you are going through any longer. Instead, reach out to Silver Dollar Financial today to learn more about our legal funding process or apply online and let us help you get the money you need.