Losing a loved one can be a devastating experience. However, losing your loved one because of another person’s wrongful actions can be a traumatic event that will forever change your life. Worse yet, pursuing legal action for this death is often a challenging and lengthy process that can be a difficult time for your family, especially when you need to pay your bills.
That is why if you are working with a lawyer to recover compensation for the loss of your family member and need financial help, a wrongful death lawsuit loan can be exactly what you need. Fortunately, with a reputable lending company such as Silver Dollar Financial, you can get the financial relief you need fast so you can continue to fight for the justice and damages you and your loved ones deserve.
How do You Qualify for a Wrongful Death Lawsuit Loan?
If you are thinking about applying for a wrongful death lawsuit loan, you need to know what is required to obtain this loan. For instance, you need to consider the following:
You have a Lawsuit Pending
You need to be working with a lawyer and have filed a lawsuit based on the wrongful death. This will allow the lending company to discuss your case with your attorney to evaluate the risks of providing you with funding. In many instances, if the opposing party is responsible, you will likely get approved for financing reasonably fast.
You have a Strong Case
Having a solid legal case is important when applying for lawsuit funding. This is because the repayment of these loans is contingent upon your case settling. As a result, if your deceased family member was partially responsible for the accident, it can make obtaining these funds more challenging. That is why discussing the issue with your lawyer ahead of time can give you a better idea of what to expect when it comes to these funds.
However, once you apply for these loans, the loan representatives will work with you to determine how much funding you are entitled to. Best of all, when you get this money, you can use these funds to cover any of the expenses related to your loved one’s funeral and burial, as well as lost income.
What Are the Major Differences Between a Wrongful Death Lawsuit Loan and Other Types of Loans?
One of the main questions people have when it comes to a wrongful death lawsuit loan is what are the differences between this loan and another personal type of loan. However, to their surprise, there are actually some significant differences between the two that can really impact which one they end up choosing. For example:
Wrongful Death Lawsuit Loans are Risk-Free
One of the major differences between a wrongful death lawsuit loan and a personal loan is the wrongful death lawsuit loan is risk-free, which means that the loan’s repayment is contingent upon the success of the wrongful death case. Consequently, if you do not win your case, you will not have to repay the loan.
Wrongful Death Lawsuit Loans have a Quick Turnaround Time
Typically, when you work with a wrongful death lawsuit loan company, they can have your money paid out within 24 to 48 hours of your application being approved as long as you and your attorney filled out everything timely and made sure to include the correct information.
Wrongful Death Lawsuit Loans are Relatively Easy to Get
As mentioned above, wrongful death lawsuit loans are fairly easy to qualify for. Since these lawsuit loan companies generally only care about the quality of your lawsuit, rather than your personal information such as good credit score or your employment history. In truth, all that matters to get approved for this loan is the circumstances of your legal case.
How Much Legal Funding Can You Get When You Apply for a Wrongful Death Lawsuit Loan?
Usually, the amount of money you can get when you apply for a wrongful death lawsuit loan will depend on the specific circumstances of your case. For example, the legal funding company will often examine several factors to determine how much pre-settlement funding they are willing to offer you. These factors include:
- The decedent’s earning power and their finances
- The pain and suffering the decedent endured immediately before their death
- The family’s dependence on the deceased
- The mental anguish of those around the deceased
If You need Money, Work with an Experienced Wrongful Death Loan Company
Working with a lending company can help keep you financially stable while your lawyer works hard to get you the damages you deserve after losing your loved one in an accident. Although this may be a traumatizing time in your life, you can rest assured that when you work with an experienced lending company, the process is easy, and there is no risk to you.
All that is required from you to obtain this loan is to fill out the application online, submit the necessary documents, and soon you can have up to $100,000 ready to access for whatever reason you may need, such as:
- Funeral, burial, or cremation services
- Remaining medical bills and expenses your loved one sustained before their death
- Monthly expenses like electricity bills, credit card bills, mortgage payments, or car payments
- Other everyday expenses
Apply for a Wrongful Death Lawsuit Loan with Silver Dollar Financial Today
If your family member passed away because of another person’s wrongful actions and you are waiting for your wrongful death lawsuit to resolve, do not continue to suffer through the financial hardships that have resulted from their untimely passing alone. Rather, reach out to Silver Dollar Financial today, and let our representatives help you with any further questions you may have regarding a wrongful death lawsuit loan or apply online and get the compensation you require.