An Albuquerque, New Mexico car accident can put a big dent in your budget, even if you are not at fault for it. Following a car accident in Albuquerque, you can file a lawsuit against the at-fault party, but it can take months or years to get a settlement. In the meantime, it may be worthwhile to pursue an Albuquerque car accident loan.
At Silver Dollar Financial, we offer auto accident loans in Albuquerque and other cities and towns across the United States. To learn more about our car accident pre-settlement funding, get in touch with us. We can get you up to speed on Albuquerque car accident loans, how they work, and their benefits.
Why Car Accidents Take Place in Albuquerque
The New Mexico Department of Transportation reports thousands of auto accidents in Albuquerque and other cities and towns across the state every year. These accidents occur for many reasons, including:
It only takes a second for a driver to take their eyes off the road. When driver inattention occurs, a motorist puts themselves and others in danger. If a driver is not focused on safe travel, they can cause an accident, along with injuries and fatalities.
Driving Under the Influence of Drugs or Alcohol
There is no reason for a driver to get behind the wheel if they are under the influence of drugs or alcohol. Yet, impaired driving remains a major problem nationwide. An impaired driver can cause an accident and receive civil and criminal penalties for their negligence.
Driving Too Fast
A driver is responsible for traveling within the posted speed limits. If a motorist chooses not to do so, they may struggle to stop quickly enough to prevent an accident. At this point, the negligent driver can get into an accident and be held responsible for any damages they cause.
No matter why a car accident happens in Albuquerque, it is paramount that the at-fault party is accountable for their actions. If you are the victim of a negligent driver, you can pursue damages in a car accident lawsuit. On top of that, you can receive pre-settlement funding that gives you money right away based on your project lawsuit settlement amount.
Click to contact the Silver Dollar Financial Team today or Call +1(844)871-0628
How Pre-Settlement Funding Works in an Albuquerque Car Accident Case
A car accident loan in Albuquerque differs from standard financing offered by a bank or credit union. This is due to the fact that pre-settlement funding is classified as non-recourse. As such, you only need to repay an Albuquerque auto accident loan if you win or settle your case.
With a standard loan from a bank or credit union, you are given strict terms and conditions. Once you get the loan, you are required to repay it over the course of a set amount of time. If you do not pay the loan in full, you can face severe penalties.
Comparatively, an auto accident loan is based entirely on your case. If you lose your case and do not receive a settlement, you keep the loan that was given to you. In this situation, your auto accident loan provider takes full responsibility for your loan balance, and you are in the clear.
The Advantages of an Albuquerque Car Accident Loan
There are many reasons why people choose auto accident loans over traditional financing options from banks and credit unions. These include:
- Flexibility: You may be able to get anywhere from $1,000 to $100,000 with a car accident loan.
- Minimal Application Requirements: You do not need to undergo a credit check or provide details about your financial history to get an auto accident loan.
- Low-Interest Rate: A car accident loan company may be able to offer you an interest rate that is better than the one you may receive with a bank or credit union loan.
- Immediate Funding: You may be able to get your car accident loan funds in as little as 24 hours.
Silver Dollar Financial is a leading choice for car accident loans in Albuquerque. For more information, reach out to us. We can answer your car accident loan questions and help you get pre-settlement funding that matches your expectations.
What It Takes to Get an Albuquerque Auto Accident Loan
To receive an auto accident loan, you need to have an attorney to represent you. As you move through the car accident loan process, your attorney will handle your request. Once your case is resolved, your lawyer will make sure your pre-settlement funding provider is paid in full.
Beyond hiring an attorney, you only need to fill out a brief car accident loan application to obtain pre-settlement funding. Most people can complete the entire application process in just minutes. After you submit your application, a pre-settlement funding company will review your request and provide you with a personalized auto accident loan quote.
If you accept a car accident loan quote, it does not take long to get your money. Your pre-settlement funding company will send you a check, and you can use this money however you choose. When your auto accident case is closed, only then will you find out if your loan will need to be repaid.
Apply Now for Pre-Settlement Funding
What to Expect When You Pay Back an Albuquerque Auto Accident Loan
Your car accident case may seem endless, but it eventually will reach its conclusion. When it does, you may get a settlement. If you received an auto accident loan, you can pay it back out of your settlement amount.
When you receive a car accident case settlement, your attorney will deduct the amount of your pre-settlement funding from it. Next, your lawyer will send a check to your auto accident loan company for this amount. As soon as your check is cashed, your loan is repaid in full.
Finally, you will get a check for the remainder of your settlement amount. You can cash this check and move forward from your litigation. If you ever need legal funding again down the line, the option remains available for auto accidents and other types of cases.
Get Started with Car Accident Pre-Settlement Funding in Albuquerque
The team at Silver Dollar Financial can teach you all about Albuquerque car accident pre-settlement funding. Please contact us today to explore our auto accident loan options.