If you have been injured in an auto accident, waiting for a settlement check to arrive may no longer be possible. Bills and medical expenses may need to be addressed long before a settlement is reached.
A car accident loan can relieve some of the financial strain at no risk to you or your credit rating. A pre-settlement funding in Colorado advance may be the right option for you to get cash while your car accident settlement is pending. This type of funding is also known as legal funding. These loans are also called pre-settlement cash advances, or lawsuit loans.
You will receive money from a funding entity before a settlement is reached in order to help with bills and expenses, but there are no payment plans to worry about because the lender is paid from settlement funds.
Colorado Car Accident Settlement Advances FAQ
The following information may help you to determine if an auto accident loan in Colorado is right for your situation. Learn more about legal funding and how it can help with loss of income, medical bills and living expenses. Find out if a lawsuit loan can buy you the time you need to reject lower settlement offers and maximize your compensation.
What Is a Car Accident Settlement Loan?
What Are the Risks and Benefits of Pre- Settlement Funding?
How Is My Attorney Involved?
Can This Help My Case?
Is it Time for You to Consider Getting a Car Accident Cash Advance?
How Do I Qualify for Pre-Settlement Funding for My Car Accident Case?
What Does a Settlement Advance Loan Cost?
What About Interest Rates?
What Is a Car Accident Settlement Loan?
In simple terms, you are given an advance on your auto accident settlement and it is repaid directly from your settlement funds.
In effect, you are borrowing money from yourself against the future settlement that could take months or years to be available. However, pre-settlement funding does not need to be repaid if your case does not settle, and it doesn’t affect your credit rating or create risk to your personal finances.
What Are the Risks and Benefits of Pre- Settlement Funding?
Reasonable pre-lawsuit funding can be immensely helpful by providing necessary capital to pay for living expenses as you recover. Unlike a credit card, there is no liability to you to pay it back and no risk to your credit score since the lender is paid directly from the settlement funds.
Our interest rates are set up front and typically in the single digit range. There are no hidden fees and no compounding interest rates.
There is no risk to your home, personal finances, or property since the settlement is your collateral. You do not have to repay anything if the case is not settled.
How Is My Attorney Involved?
Our team reviews the case with your lawyer to determine a conservative settlement amount that your case should pay. They then review other factors in the case such as liability, insurance, and the strength of your case against the defendant.
An agreement is drafted and then your lawyer reviews and signs the agreement and returns it to us. Once approved, the money is given to you with an agreement that it will be directly removed from your settlement and interest will accrue at an agreed set rate until the loan is paid back.
The benefit to the attorney is time. Your legal team needs the time to work toward the true value of your claim. If you are forced to jump at the first offer because of financial need, your payment is drastically reduced.
Can This Help My Case?
Insurance companies are fully aware that people have jobs to do, lives to live and bills to pay.
It is in their best interest to drag out cases and offer low settlement offers for as long as they possibly can with the hope that you will be forced to give up and accept a lower offer in order to pay your bills and move on.
They are banking on your desperation. If you are able to hang on longer, you give your attorney the power to play hardball with them because it removes their ammunition.
These kinds of advances can be extremely beneficial when used responsibly and ultimately may benefit your case by allowing your attorney the extra time necessary to fight for the full value of your settlement.
Is it Time for You to Consider Getting a Car Accident Cash Advance?
When you have been involved in a car accident and you are waiting for a settlement from the insurance company, the process can be long and mentally exhausting. You may be out of work and without a source of income due to injuries sustained in the accident, and the stress of unpaid bills can be overwhelming.
If you are feeling trapped by mounting expenses, and taking the lowball offer of the insurance company feels like the only option, this is the time to consider Colorado pre-lawsuit settlement funding.
How Do I Qualify for Pre-Settlement Funding for My Car Accident Case?
Colorado residents who have been injured in an automobile accident due to negligence of another driver may be able to qualify for a Colorado car accident loan against a pending car accident lawsuit.
You must have attorney representation, and the insurance company or self-insured party must be involved. If you do not yet have an attorney, it is advisable to retain one now.
We will work directly with your attorney to determine the strength of your claim in order to determine eligibility and funding approval.
What Does a Settlement Advance Loan Cost?
The amount you pay for a car accident loan will depend on the interest rate you’re charged. This makes it important to only borrow what you need from your settlement. There should never be surprise fees or charges for your loan.
If your auto accident case takes months, or even years to resolve, as many car accident cases do, then your lawsuit loan’s interest rate could eat up much of your settlement. Compound interest rates should be avoided for this reason.
What About Interest Rates?
A legitimate and reputable lawsuit loan company will only charge you simple interest at a low, often single-digit rate. Compound interest rates are not a benefit to the borrower and drain your future settlement funds.
Higher compounding interest rates could leave you with little to nothing left from your settlement by the end of a long case, even if you borrowed a relatively small amount.
Click to contact the Silver Dollar Financial Team today or Call +1(844)871-0628
Pre-Settlement Funding Can Help You Get Caught Up
Once you receive the funding, the money is yours to spend however you wish. Colorado car accident loans offer an avenue for people to sustain themselves while they wait for the wheels of justice to turn. Pre- settlement loans for an auto accident allow personal injury victims the time and money necessary in order to live while they pursue a fair settlement.
Most car accident victims use pre- settlement advances to pay for living expenses while the case progresses during the time they are unable to return to work.
Some things plaintiffs use the money for include:
- Shelter – Rent and mortgage payments. Keeping current on the rent is a critical expense you may not be able to meet if you have been forced to take time off of work due to your injuries.
- Utilities, Food, Living Expenses – Things like keeping the lights on, buying groceries and prescription medications are critical to your health and recovery.
- Medical Bills – Paying for treatment that the insurance company or lawsuit does not cover, such as copays.
- College and School Tuition – Fees for classes and tuition for school for your children or yourself so education does not have to be delayed.
Apply for Auto Accident Pre-Settlement Funding
It’s easy and risk- free to apply for funding. After review, our team works quickly to get your pre settlement loan within 24 hours. Apply by phone or online to begin the process and regain your peace of mind while you wait for settlement.
- Apply – Call Silver Dollar Financial or fill out the form online to apply for car accident pre-settlement funding in Colorado at no cost.
- Fast Approval Process – Your credit rating is not a factor. Our team reviews your case and approval can generally come within 24 hours. Paperwork is sent to your attorney for their signature and review.
- Get Your Money – Review and return your signed agreement and get your money in as little as 24 hours.
Click to contact the Silver Dollar Financial Team today or Call +1(844)871-0628
Types of Car Accidents and Collisions We Fund
We fund all types of auto collisions and accidents. You may have been involved in an accident involving commercial vehicles, government vehicles or just a fender bender that resulted in injuries.
All that is required for funding is that you have an attorney and that your lawsuit claim is filed against an insured party or a driver with an insurance policy. Some of the most common Colorado car accident loan claims we see are:
- Parking lot accidents
- Head-on collisions
- Brake failure accidents
- Pedestrian accidents
- Bus accidents
- Uber, Lyft, and Taxi accidents
- RV accidents
- Commercial vehicle accidents
- Dram Shop lawsuits
- Rear-end collisions
- Defective tire accident
- Dangerous highway conditions accidents
- Drunk driving accidents
- Parking lot accidents
- Intersection accidents
- Speeding accidents
- Drowsy driving car accidents
- Hit and run accidents
- Semi-truck / tractor-trailer accidents
- Bike accidents
- Motorcycle accidents
Whatever type of lawsuit case you have, a Colorado car accident loan may be the right choice to help you pay the bills while you wait for settlement.
Apply Now for Pre-Settlement Funding
We Understand What You Are Going Through
We know that waiting for a lawsuit to settle isn’t an affordable option for everyone. When you have been injured in an auto accident, you experience mental, financial, and emotional hardship that you need to be compensated for.
The accident may make it difficult for you to work and function as you normally do, creating financial difficulty for you and your family. The pressure to pay the bills and the weight of wondering when your case will settle and what you may receive are daunting.
Explore Your Options At No Cost
Financial stress is very real and can cause anxiety, loss of sleep, and strained relationships. It may be tempting to just take the first offer from the defendant’s insurance company and run.
We see what big corporations can do to people and we are here to give your power back.
If you can’t seem to see the light at the end of the tunnel and things just aren’t getting any better, consider how Pre-settlement funding might be a benefit to you and your family. It could be the exact means you need to bridge the gap between desperation and peace of mind. Applying for a car accident settlement advance is free of charge.
Empowerment for Car Accident Victims
A Colorado car accident loan from Silver Dollar Financial can empower you and offer the financial support you need to rise above these challenges, and allow your attorney the time necessary to win larger compensation for your suffering.
Find our more today about whether Pre-Settlement Funding can help to ease your stress and assist you and your attorney with the time you need to win the settlement that benefits you.
Apply for a Colorado Car Accident Loan Today
Silver Dollar Financial can provide you with a pre-settlement loan if you’re the victim of an auto collision. Our application process is fast and easy to complete. You could be approved for a lawsuit loan in just minutes and receive money in your bank account in 24 hours or less.
Apply for pre-settlement funding with us today through our website or with one of our live agents. We can answer any questions that you might have about getting a Colorado lawsuit loan and what it could mean for your case. With our help, you could have the financial ability to fight for the full award from your settlement, and find relief from financial pressure.
Call or text +1(844)871-0628 or Apply Now for Pre-Settlement Funding