One of the biggest concerns for accident victims is the financial toll that their accident will have. Many accident victims face injuries that require expensive medical treatment. Often victims also miss work and are sometimes unable to ever return to their jobs.
Seeking a payout through an insurance claim or a lawsuit against the at-fault party are often the only options available to recover fair compensation. Unfortunately, it can often take months or even years to get the money you need in this manner. That is where a car accident loan comes into play.
A pre-settlement loan gives you the money you need, with no obligation to repay the loan or any interest until you have received a settlement or ruling in your favor from the court. Silver Dollar Financial can help provide you with a car crash loan in Alabama. Reach out to us for help today.
Is an Alabama Car Accident Loan Necessary?
Not everyone needs a car accident loan. Those who can afford to pay expensive medical bills out of pocket while not working and still keep up with their normal, everyday costs can get by without one. Unfortunately, not many people fall into that category.
For most of us, the financial burden faced after a serious car accident is too great not to feel the pressure. A car accident loan can give you the money you need to keep going through the process of filing an insurance claim or personal injury lawsuit without feeling like you have to take the first settlement offer that comes along.
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What Costs Can I Get a Loan to Cover?
The money you can receive in a car accident loan can be used for other expenses beyond the direct costs of the accident, like medical expenses and repair costs. If your injuries leave you unable to work, a car accident loan can help cover your everyday costs. These expenses can include things like:
- Mortgage payments
- Car payment
Your car accident loan can keep you going while you await compensation.
Applying for a Car Accident Loan in Alabama Is Risk-Free
One of the best things about applying for a car accident loan is that there is no real risk involved. Unlike most other types of loans that require the person taking on the loan to start paying interest on it immediately, you won’t have to pay a dime until you receive damages from the liable party.
In fact, if you don’t receive a payout, you will never have to repay your loan. When you accept a settlement offer or receive a ruling in your favor from the court, your loan will be repaid directly from the money you receive. You will not be required to pay back any money out of your own pocket.
Am I Eligible for a Pre-Settlement Loan in Alabama?
One of the main qualifiers for most loan applications is the credit history of the applicant. However, this is not the case with a car accident loan. Since repaying this money has solely to do with whether or not you receive compensation for your damages, your eligibility is instead determined by an evaluation of the strength of your case.
The loan company will evaluate your odds of winning and determine whether or not the risk of the loan is too high.
Aside from having a strong case on its own merits, one thing you can do to increase your chances of receiving a car accident loan is to hire a personal injury attorney. Since having an attorney on your side increases your chances of recovering compensation, it also lowers the risk for the company providing you with the loan.
Apply Now for Pre-Settlement Funding
The Alabama Pre-Settlement Funding Application Process
The first step in applying for a car accident loan is to provide basic information about you and your case to the lending company. At Silver Dollar Financial, we offer free applications to those wishing to apply for a car accident loan.
Once you have applied, the loan company will review your case and determine your eligibility for a car accident loan.
If approved, you will receive money to pay for your cost while you wait for a settlement or a ruling by the court. Remember that you don’t have to repay any of the money you receive until you get compensation.
A Pre-Settlement Loan in Alabama Gives You the Upper Hand
One of the main ways insurance companies and lawyers for defendants in car accident lawsuits attempt to take advantage of accident victims is by preying on their desperation. When unable to work and facing a stack of medical bills, accident victims can feel immense pressure.
Offering a lowball settlement deal that would put money in the pocket of the accident victim can feel like a deal to which they can’t afford to say no.
By taking a loan and having the money you need to pay your bills, you are in a much stronger position. You can afford to wait to get the money to which you are entitled. This flips the script on the opposition, and they can no longer pressure you to take a bad deal just to get some quick cash.
Apply for a Car Accident Loan in Alabama Today
At Silver Dollar Financial, we help car accident victims get the money they need to relieve stress while dealing with a lawsuit or insurance claim. We know how difficult life can get after a car accident and will do what we can to minimize the damage.
Call us today or fill out our online contact form to apply for a car accident loan for free.