After a car accident, you may be injured and unable to work. Figuring out how you are going to pay for repair costs and medical treatment is bad enough. Fortunately, a car accident loan can help minimize the impact of your accident while waiting to receive compensation from an insurance company or at-fault party.
At Silver Dollar Financial, we have helped countless accident victims take control of their lives during this tumultuous time. A car accident loan can help put your mind at ease so that you can focus on recovering from your injuries.
The Benefits of a Car Accident Loan in Arkansas
The main benefit of a car accident loan is that it can help reduce the stress that accompanies a collision. Car accidents are often very expensive, especially if you suffered a serious injury. While the long-term solution is recovering compensation through an insurance claim or a personal injury lawsuit, those don’t do you any good immediately after a crash.
It can often take months or even years to get the money you are owed after an accident. Unfortunately, the bills don’t stop while you are waiting. A car accident loan can help you pay all of your expenses until your settlement finally arrives.
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The Arkansas Pre-Settlement Funding Application Process Is Quick and Easy
Applying for a car accident loan is a simple process. All you have to do is provide a few details about yourself and your case to the lending company. Once this application is received, the lender will review the details of your situation and will make their decision in as few as 24 hours.
Once approved, you will receive your loan and can begin using the money to pay your expenses.
The Lending Company Assumes All the Risk
People often worry about the risks of taking on a loan. There is concern about how long it will take to repay the amount borrowed and if they will be able to cover all of the interest payments. However, with a car accident loan, you don’t have to worry about any of that.
The lending company assumes all the risk when granting an applicant a car accident loan. You will never have to pay back a penny until you receive compensation for your accident. If you don’t recover compensation, you don’t have to pay back the loan.
Lenders evaluate the likelihood that you will recover compensation before granting the loan. When you receive a loan, it means that the lender believes you have a strong case and is willing to bet their money on a favorable outcome.
A Car Accident Loan in Arkansas Protects You from Insurance Companies
Insurance companies try to paint a picture of themselves as friendly organizations that exist to help you out after a tragedy. However, the truth is that the only thing these companies really care about is the bottom line. They will do anything they can to deny or minimize the value of your claim.
One tactic they take in this pursuit is to prey upon victims at their most vulnerable. When you face significant medical expenses and are unable to work, the insurance company will often swoop in with a lowball offer to get money in your hands quickly.
Unfortunately, while the amount they are offering may seem significant in the face of your financial troubles, it is likely a fraction of the true value of your claim. By getting you to agree to a bad deal, the insurance company avoids any further claim for compensation.
A car accident loan, on the other hand, can provide you the relief you need without hurting you in the long run. By taking out a car accident loan you are putting yourself back in a position where you are no longer desperate for a quick payday and can see your case all the way through to a trial, if necessary.
Apply Now for Pre-Settlement Funding
Who Qualifies for Pre-Settlement Funding in Arkansas?
Car accident loan applications are processed differently than most other types of loan applications. Instead of looking at your credit history, a car accident loan company will look at your case. If they believe you have a solid case and the chances are high that you will recover compensation, they will give you a loan.
Hiring a personal injury attorney can greatly increase your chances of getting a loan, as those who hire attorneys tend to recover compensation at a much higher rate than those who don’t.
What Is Covered by an Arkansas Car Accident Loan?
A car accident loan will help you to pay any bills associated with your medical treatment along with repair costs for your vehicle. Additionally, these loans can help you cover your every day costs if your accident has forced you to miss work.
Submit Your Car Accident Loan Application for Free
At Silver Dollar Financial, we believe that accident victims need all the help they can get. On top of all the other worries that come with a car accident, you shouldn’t have to be concerned about being able to pay your bills. A car accident loan can lower your stress levels, which can help you to heal quicker from your injuries.
Give us a call or fill out our online application for a car accident loan today. You could be approved for a loan of up to $100,000 in as little as 24 hours.