You were in a car accident, hired a lawyer on a contingency fee, and got the necessary medical attention, but your funds are running low. That is the case for many car accident victims in Austin who suffer substantial injuries. They cannot work and need money to live and pay for their incoming medical expenses.
Unfortunately, car accident lawsuit timelines are unpredictable. Bill collectors do not care about your financial situation, and they want their money. You need financial relief so you can focus on what’s important: your health.
A pre-settlement loan is the lifeline you have been searching for. There is no risk to the borrower, and you can get approved quickly.
How do Car Accident Loans in Austin, TX, Work?
Car accident victims needing money to cover expenses can obtain financial assistance from a car accident loan company like Silver Dollar Financial. You can use lawsuit loans for a variety of costs. While we refer to them as loans, they are a type of cash advance for car accident victims.
By design, they are non-resource, easy to apply for, and meant to relieve stress after a car accident. The basis of your loan will depend on your potential settlement and the viability of your lawsuit.
Click to contact the Silver Dollar Financial Team today or Call +1(844)871-0628
Legal Loans Lead to Larger Settlements
An overlooked benefit of pre-settlement funding is you can win a larger settlement. There Is no guarantee, but many plaintiffs can hold out longer for an appropriate offer from the insurance company.
These conniving insurance companies know that your accident expenses are piling up, making it challenging for you. They will continue negotiating offers far below your case worth, hoping your financial strain will overpower your desire for justice. Insurance companies hate when accident victims have money in their bank and time to wait because it makes their job harder.
When you do not have financial pressure, they cannot force you to accept pennies, but they will continue to try and delay. Plaintiffs must consider a pre-settlement loan to pay their bills and buy more time for their lawyer to get them a fair offer. Silver Dollar Financial wants you to get the most money for your lawsuit, and we can help through an Austin car accident loan.
Pre-Settlement Funding Fees and Interest
The costs associated with your car accident will vary depending on liability, policy limits, fault, and more. Since your lawsuit loan is contingent on your claim, fees will vary by each plaintiff. Most lawsuit loan companies in Austin follow some standards when assessing fees.
The primary rule we follow is disclosing any relevant fees and costs of your loan upfront. Our representatives can review them with you, and you can also access them in your funding agreement.
Another practice loan companies adhere to is providing easy-to-read and understandable contracts so you know what you are signing up for. When reviewing your eligibility, you must be working with a car accident attorney on a contingency fee. Since loan companies are absorbing the majority of the risk, your legal representation is vital to assessing the viability of your case.
Click to contact the Silver Dollar Financial Team today or Call +1(844)871-0628
Who Can Get a Car Accident Loan?
Any adult in Austin who has been in a car accident can get a car accident loan. Other conditions include having a lawyer representing you and having a pending settlement or lawsuit. Post-settlement loans are also available when you know how much you will get, but there are still delays in receiving funds.
Credit, background, and employment are irrelevant when qualifying for a car accident loan in Austin.
Apply Now for Pre-Settlement Funding
Pay Everyday Expenses with Your Loan
Many car accident plaintiffs think they can only spend their pre-settlement funding on accident-related expenses, which is incorrect. You can spend the money on anything you need, just like when you get your final settlement. You can pay for any expenses or financial burdens you face throughout the lawsuit process with legal funding.
You can pay everyday expenses like food, gas, mortgage, utility, vehicle repairs, rent, and more. If you have lost wages, you can use this money to make up for your time off. Avoid letting your bills fall behind and instead take out a lawsuit loan.
Repayment Is Simple
Since Austin car accident loans are non-recourse, there are limits on the source of repayment. Your income and assets are off limits, as are your credit score and employment status. A car accident loan company can only obtain reimbursement from the collateral (your future settlement) and not other sources.
If your personal injury lawsuit is unsuccessful, you have no obligation to repay the loan. The lender cannot take any legal action to recover the money either.
The repayment structure makes pre-settlement loans safer than conventional loans. Recourse debts require you to pay them back regardless of the case outcome. The loan company takes all of the risks, which is why many car accident victims breathe a sigh of relief when they find out they have this option available.
Apply in Three Steps
You have done your research and gotten advice on how to handle the financial stress from your car accident, but what comes next? Silver Dollar Financial makes applying for lawsuit funding painless. You can apply in two ways: by heading to our application page or by calling us.
Our funding representatives will contact your law firm for documentation and discuss your case with your lawyer. Upon obtaining all relevant information and documentation, our underwriting team will evaluate how much we can offer you. How much you receive will vary on your future settlement and can range from a few hundred dollars to hundreds of thousands.
Once you accept our offer, you sign the funding agreement, and we will disburse funds. You can get paid through check or transfer, depending on your preference. That is all it takes to get the money you need during this time.
Work with a Reputable Car Accident Loan Company
When you opt for legal funding, you can avoid the financial pressures of car accident lawsuits that often result in taking a lower payment. All you need is information about yourself, your injuries, and your case. Silver Dollar Financial will handle the rest. Submit your application using our online form or call and speak to a representative to see if Austin car accident loans are the right option for you.
Call or text +1(844)871-0628 or Apply Now for Pre-Settlement Funding