If you were hurt at work and struggling to get back to it due to your injuries, you may need money now instead of waiting for it for months to come. Consider how Silver Dollar Financial can help you with various types of funding. We offer workers’ compensation lawsuit loans that can give you the financial support you need right now.
When You Need Financial Help, We Are Here to Guide You
Getting injured at the workplace doesn’t translate to an instant payout from your establishment. Most incidents turn into lawsuit battles with the insurance provider. This can cause victims to wait months to receive the money they need now.
The challenge arises because most employers either deny responsibility or prove that the injury’s cause wasn’t work-related. Many always come up with many excuses and can do anything to avoid paying the compensation you deserve. At the same time, you need to meet your own financial obligations.
The result of the above situations is a lengthy lawsuit battle that may take years, no matter the strength of your case. At the same time, your car payments, rent, medical bills, and other day-to-day expenses continue to pile. Fortunately, Silver Dollar Financial comes through for plaintiffs with workers’ compensation lawsuit loans that you can use however you wish, so read our testimonials to learn more.
What Are Workers’ Compensation Loans?
Legal funding companies provide workers’ comp loans, also called pre-settlement funding, to alleviate the financial burden of medical expenses, utility bills, and other necessary daily costs as you await the decision on your case. This is not a true loan. It does not require you to pay it back in all situations.
Since the loan serves as a worker’s comp advance against your lawsuit, you’ll end up paying extremely low (sometimes nominal) interest rates, sometimes lower than 1%. Furthermore, you’ll not be subjected to a credit check, provide any collateral, or pay an upfront fee. This process is based solely on your ability to win your case.
The loan is also non-recourse, which means you’ll only pay it back if you win the case. But if you don’t, you owe your lender nothing. So you can borrow without stressing about your case outcome.
Why Would You Apply for a Workers’ Compensation Lawsuit Loan?
Workers’ compensation laws were established to provide a financial buffer to injured workers to address their needs following an accident at the workplace. However, the actual process can be draining and time-consuming. Typically, about 90% of claims end up as extensive lawsuits. In extreme situations, the cases can last beyond two to three years.
Because the insurance company is responsible for distributing workers’ compensation benefits to injured employees, they have the right to dispute a claim by any means possible. The result is excessive litigation and protracted negotiations, which entail denying responsibility for damages and injuries and refuting the attribution of claimants’ injuries to accidents or activities related to their work.
Throughout this period, your financial needs won’t wait for the settlement. What’s more, you’ll need cash to address the medical costs and other day-to-day expenses. It only makes sense to apply for a workers’ comp lawsuit loan to relieve yourself from the resultant financial anxieties.
Eligibility for Workers’ Compensation Lawsuit Loans
Reputable workers’ compensation lawsuit funding companies like Silver Dollar Financial make it easy for workplace accident victims to qualify for pre-settlement financing. We strive to ensure you receive the financial help you need. You must meet the following threshold to be granted a loan against your workers’ comp claim:
- You’ve sustained injuries from an accident at work
- You have on-the-job injuries
- An attorney is working on your case
- Your case is in a state where your lawsuit loan provider has jurisdiction
You can apply for a lawsuit loan against the pending workers’ comp claim at any stage of the case. It doesn’t matter how long it’s been since the accident at the workplace. Provided the insurance provider or board has accepted the claim, you meet the loan application eligibility requirement. Your attorney must also control how the funds will be disbursed and have every detail concerning your workplace injury and information on your medical treatment.
How Much Will You Get from Your Workers’ Compensation Claim?
It’s hard to determine the exact amount you can borrow without reviewing your case and consulting with your attorney. If you apply with Silver Dollar Financial, you stand to get up to $100,000. This money can be entered into your account in as little as one day. The following factors will determine the amount:
- The severity and type of your personal injury
- Who’s liable for the workplace accident?
- What insurance does your employer carry?
- The county or state where the accident happened
When you contact us to discuss the options for a workers’ compensation injury loan, we will work very closely with you to understand your needs. We verify your expected settlement amount and then base the loan on that amount. Often, it is between 10 and 20 percent of what you are likely to receive, so talk to Silver Dollar Financial today to learn more.
Why Choose Silver Dollar Financial?
Struggling to fight an insurer’s deep pockets by yourself is impossible. Almost every funding company will promise to ease this burden with short application and approval times. However, not every company can match the reputation and track record set by Silver Dollar Financial.
For one, the company offers a simple application process that only takes 24 hours to separate your loan application and approval. Besides funding plaintiffs, we can also help those who don’t have an attorney working on their worker’s compensation cases get one. This is crucial in helping you get the cash you need faster.
Almost every company promises competitive interest rates, but none guarantees to charge the lowest rate in the industry. This is precisely what you get when you apply at Silver Dollar – almost negligible loan interest. We aim to provide you with the financial support you need now.
Our Customer Service Is Tops
Another key attraction of Silver Dollar Financial is the excellent customer service. The lawsuit loan provider will constantly keep you in the loop as to the current state of your application. The company needs to update you on what’s happening.
In general, money will not really heal the physical and emotional pain you sustained. But a lawsuit loan from Silver Dollar Financial will help you navigate your financial challenges and relieve you from anxiety. This way, you’ll recover and await your case outcome without stressing.
When you are thinking about utilizing a workers’ compensation lawsuit loan, know that we will not pressure you or even try to convince you to move forward. You can contact us to answer any questions you have and there is never a charge for a quote. We aim to be here to support you through this difficult time.
What Makes Silver Dollar Financial Stand Out Is What You Need to See in a Lender
Silver Dollar Finance is committed to supporting you throughout this difficult time, and to do that, we have designed our services to meet your biggest goals. We are like other lenders who are going to saddle you with debt for years to come. In fact, we offer a few things that others do not:
- We are here to help you: We do not sell your loan or lien to anyone else. Your information is never at risk. We are not a broker but a financial supporter directly to you.
- Attorneys review transactions: You are not making this decision without guidance and help since an attorney will always review the liens and ensure that you know what to expect. There is no hidden agenda with our team here.
- You know the cost ahead of time: You do not have to worry about not knowing how much you will pay us back. We want to make sure you are fully aware of your legal options.
In addition to these services, our team at Silver Point Financial is always dedicated to working to support your needs. We listen to you, we offer outstanding service, and we can help you make this financial situation a bit easier on you. You can trust us to always guide you throughout the process.
Do You Need Help with Consolidating Multiple Lines?
In some situations, clients end up with multiple liens, which can make the process far more complicated than it needs to be. However, we are a single lien holder, which means that you do not have to worry about numerous obligations. If you are in need of money as you wait for your settlement to come through, just reach out to our team for guidance and support, and expect outstanding service while you do so.
Silver Dollar Financial Can Give You the Funding You Need Now
Applying for a worker’s compensation lawsuit loan from Silver Dollar Financial today will help you avoid unnecessary financial stresses. The lawsuit finance company can provide sufficient cash to take care of your financial needs as you count on your attorney to fight for the full value of your workers’ compensation case. The cash advance will address your rent, medical treatment, daily expenses, bills, and much more.
Apply today, or reach out and find answers to all of your questions.