Being the victim of a truck accident can take a serious toll on your finances. It can take several months to recover. While trying to recover, your medical bills and daily expenses still have to be paid.
At Silver Dollar Financial, our team wants to help truck accident victims as much as possible. You still have the right to seek compensation for your injuries, regardless of your financial situation. Our legal funding company can provide financial assistance while pursuing your compensation.
Learn more about the California truck accident loan process and what it can do for your case.
Ideal Time to Apply for a California Truck Accident Loan
Pre-settlement funding is ideal for all truck accident victims. The process allows you to obtain the funds needed for your truck accident lawsuit. With the funds you receive from a legal funding company, you can file your lawsuit within the appropriate time.
Truck accident victims must file their claims within a designated statute of limitations. The statute of limitations is the period that a truck accident victim has to file a lawsuit. If you file your lawsuit past the statute of limitations, you forfeit the right to seek compensation from the liable party.
Many truck accident victims wait until they are financially stable to file a lawsuit. In California, the statute of limitations for truck accidents is two years from the date of the accident.
While that may sound like enough time, two years can easily pass. Ideally, the faster that you file your lawsuit, the better.
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Unpredictable Nature of Truck Accident Lawsuits
A truck accident lawsuit loan will also help you better prepare for the unpredictable nature of your lawsuit. Truck accident lawsuits are unpredictable. It’s hard to predict how long the lawsuit will take to resolve.
Many parties can be held liable for your truck accident. These parties and their insurance companies may prolong the process and avoid taking liability. In the meantime, your bills will continue to come in.
A truck accident lawsuit loan will help you feel more secure as you fight for compensation.
Short-Term and Long-Term Benefits of Truck Accident Loans
Truck accident loans have short-term and long-term benefits for truck accident victims. You can use your truck accident loan to take care of your immediate finances. As a truck accident victim, you will be responsible for taking care of your medical expenses, daily expenses, and financial obligations with your family.
Your funds can be used to cover these expenses and give you peace of mind. You will have better clarity with your truck accident case when you don’t have to worry about your financial issues.
You will not accept any offer that insurance adjusters give you because your finances are taken care of. This means that you can negotiate for your fair and just settlement.
Applying for a California Truck Accident Loan
Applying for a California truck accident loan is the most risk-free process possible. It involves filling out an application online or over the phone. Once the application is submitted, you will receive a response from the pre-settlement funding company.
Once your application is approved, you can have your funds released within 24 hours. There are also specialists available to answer any questions you may have about your truck accident loan.
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Simple Interest Rates for a California Truck Accident Loan
Whether you want to resolve your truck accident case through a lawsuit or a settlement, loan options are available for both. However, you want to review the interest rates of your truck accident loan. Some legal funding companies offer loans with interest rates that compound interest.
That means that the interest rate increases over time. The interest rate that was given at the beginning of your loan will be less at the end of your loan. As a result, you may have to pay a larger amount back.
You want to work with a legal funding company that offers simple interest rates on your truck accident loan. Unlike compound interest rates, simple interest rates stay the same. You don’t have to worry about paying back additional fees with a simple interest rate.
You will know the exact amount that you will have to pay back.
Repaying a Truck Accident Loan
Even the option of repaying your truck accident loan is risk-free. You will only have to repay your truck accident loan if your truck accident case is successful. If your case is successful, you can determine a period to repay your loan with a portion of your compensation.
If you are unsuccessful with your truck accident case, you are not obligated to repay your loan. There is little risk that you will have to take on your part.
How to Choose the Best California Truck Accident Loan Company
When deciding on the best truck accident loan company, you want to search for the following qualities:
- Transparency. The best California truck accident loan company is transparent about the entire process. They are not trying to rush you throughout the application process and want to answer your questions as much as possible.
- Interest in education. Part of transparency is informing the applicant as much as possible about pre-settlement funding. You want to work with a loan company eager to educate you about the process.
- Customer-centered. You don’t want to work with a loan company that treats you as just another number. You want to work with a loan company that focuses on addressing your needs.
Explore the California Truck Accident Loan Options from Silver Dollar Financial
If you are a truck accident victim in California, Silver Dollar Financial can help. We offer truck accident lawsuit loans that range from $1,000 to $100,000. You should not suffer financially just because the wheels of justice turn slowly. Call our office to have all of your questions answered, or complete our contact form to schedule an appointment.
You can also begin the pre-settlement funding application process through our website at your convenience.