Car accident victims are often stuck dealing with exorbitant medical expenses, loss of income, vehicle repair costs, and other financial losses on top of the physical injuries they sustained and the psychological trauma they experienced due to the accident. If this sounds like what you are going through, you are not alone. It is not uncommon for car accident victims to have trouble rebuilding their lives.
Your car accident lawyer can help you get justice through an insurance claim or by bringing your case to court. However, while you go through the claims process, you may be looking into your options for financial relief. Silver Dollar Financial’s Brookhaven car accident loans could be a great option for you and your family.
Here is more about how car accident loans work, whether you may qualify, and what to expect next from your case.
Do You Need a Car Accident Loan?
After you have been involved in a car accident and are currently dealing with your ongoing claim, you may be wondering whether you should take out a car accident lawsuit loan. Car accident lawsuit loans may not be for everyone, but if you are having trouble making ends meet and are anxiously awaiting the payout on your car accident settlement, pre-settlement legal funding could be a good option for you.
Many car accident victims find themselves struggling to handle the excessive medical bills they incur due to their injuries and are unable to continue paying their regular monthly expenses when they have to take time off of work. If this sounds like what you are currently experiencing, our team is here to help. Our loan specialists at Silver Dollar Financial want to help you get through these tough times and access the funds you need when you need them most.
Click to contact the Silver Dollar Financial Team today or Call +1(844)871-0628
How Can You Spend a Car Accident Loan?
Once your car accident loan application has been approved, you have the authority to spend the money however you want to. Although some financial institutions or lenders will monitor restrictions on your money, this is not the case at Silver Dollar Financial.
We believe your money is yours. This is not our money to determine how it should be spent. Just like your wages are in your own money to spend, so are the funds you receive through your car accident loan in Brookhaven.
Some common expenses reported by car accident loan recipients include:
- Costs of vehicle repairs or replacement costs
- Medical expenses
- Household bills
- Utility costs
- Phone and Internet
- Groceries and gas
- Insurance policies
- Credit card debt
- Entertainment costs
- Other miscellaneous expenses
Do You Need to Have Good Credit?
No, you do not need to have a good credit score to qualify for a car accident loan in Brookhaven. Although many banks and financial institutions require you to have a credit score at or above 600, if your credit score is less than ideal, you may still be eligible for a car accident lawsuit loan.
It is not that we run your credit and are OK with issuing car accident loans to anyone. We do not run anyone’s credit. That is because your credit is irrelevant in our decision to deny or approve your request for car accident legal funding.
Instead, what matters is whether you are working with an attorney and whether your attorney expects you to recover compensation in your case.
What if I’m Out of Work?
If you are out of work, you may be an excellent candidate for a car accident loan in Brookhaven. Your ability to secure legal funding following a car accident is not based on whether you have a way to pay back the loan.
When filling out an application for a traditional bank loan, you would need to include copies of your paystubs so you could prove to the bank that you can pay back the loan. However, since your ability to pay back your car accident loan using your own wages has no bearing on whether we approve or deny your request for legal funding, having no source of income will not have any impact on your application.
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How Will I Pay Back My Car Accident Loan?
Paying back your car accident loan is not something you should have to worry about. In fact, our car accident lawsuit loans are paid back by your attorney. Once your car accident settlement gets sent to your lawyer, your attorney will then use those funds to cover your outstanding expenses.
For example, if your attorney got your medical bills temporarily stayed, they will use your settlement funds to cover those costs on your behalf. Your attorney will also cover your car accident loan payment and deduct their attorney fees from your car accident settlement. The remaining balance will then be sent to you to spend as you need to.
Is There Interest on a Brookhaven Car Accident Loan?
One of the benefits of car accident loans in Brookhaven is that they are interest-free. We never charge compound interest on our car accident loans and you can rely on Silver Dollar Financial for our transparent fees and pricing. This sets us apart from other predatory pre-settlement funding companies and financial institutions alike.
Contact Us for Car Accident Legal Funding in Brookhaven
Brookhaven car accident loans are virtually risk-free and carry no compound interest. If your lawyer does not win your case, you do not have to pay back your loan.
With Silver Dollar Financial absorbing the risk, you can finally escape financial distress and begin to rebuild your life. Apply now, call our office, or fill out our quick contact form if you have questions or concerns, or are ready to access an advance on your car accident settlement within hours.