No one wants to be involved in a car accident in Colorado Springs, Colorado, or anywhere else. If you get injured in an auto accident that occurs due to someone else’s negligence, hold the at-fault party responsible. You can seek damages in a personal injury lawsuit and get a car accident loan to help you pay off your bills until your case is settled.
Silver Dollar Financial offers car accident loans in Colorado Springs and other cities and towns across the United States. To explore our auto accident loan options, get in touch with us. We can teach you about car accident pre-settlement funding and help you get a loan that lines up with your budget.
Car Accidents Cause Big Problems in Colorado Springs
The Colorado Department of Transportation estimated that 745 people died statewide in traffic crashes in 2022. This represented a 57% increase over the past 10 years. To lower the number of traffic crash fatalities in Colorado, every driver must do their part to follow the rules of the road.
Ultimately, there are many reasons why car accidents occur in Colorado Springs and other parts of Colorado, such as:
The U.S. Department of Transportation points out that, on average, one person dies every 39 seconds in a drunk-driving crash. If an intoxicated driver gets behind the wheel, this motorist immediately puts themselves and others at risk. When an intoxicated driver causes an accident, they can receive criminal and civil charges.
A driver can look away from the road to check a text message on their phone or lose focus in other ways due to distractions. If a motorist becomes a distracted driver, they are prone to accidents. In a distracted driving accident, the motorist responsible can be subject to lawsuits from anyone harmed during the incident.
Even though a driver may rush to go from point A to point B, they may break the law. If a motorist is speeding and driving aggressively, they may be able to stop their vehicle in time to prevent an accident. The result: the driver and others can get injured or killed, and the at-fault party can be sued.
At Silver Dollar Financial, we encourage anyone impacted by an auto accident in Colorado Springs to file a personal injury lawsuit against the at-fault party. If you want auto accident pre-settlement funding during your litigation, we can assist. Get in contact with us, and we can walk you through our pre-settlement funding options.
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What You Need to Know About Car Accident Pre-Settlement Funding in Colorado Springs
Auto accident pre-settlement funding in Colorado Springs is not the same thing as a personal loan. If you are on the lookout for funding to help you cover your bills while you are in the middle of an auto accident case, it pays to consider both options. When you do, you may quickly discover why a car accident loan is a popular choice for plaintiffs.
When you get a personal loan, you may need to provide a bank or credit union with information about your credit and income histories. On top of that, you may be required to pay compound interest on your loan. If you cannot pay your loan in full within its terms and conditions, you will be penalized, too.
With a car accident loan, you only need to provide a pre-settlement funding company with details about your case. You can get a simple interest rate on your auto accident loan, which helps you keep your pre-settlement funding costs low. Perhaps best of all, you do not need to pay back your pre-settlement loan unless you win or settle your auto accident case.
Why a Car Accident Loan in Colorado Springs Depends on Your Case Result
While a personal loan requires payments at regular intervals. Comparatively, auto accident pre-settlement funding is classified as a non-recourse loan. This means repayment of your auto accident loan is based on whether you win, settle, or lose your case.
Ideally, you will win or settle your car accident case and get a big settlement. If this occurs, the amount you owe as part of your auto accident loan is deducted from your settlement amount. Your loan is repaid, and you keep the remaining settlement balance.
On the other hand, you may lose your car accident case and receive no money from the defendant. In this scenario, you are not held responsible for the balance of your pre-settlement loan. Conversely, your pre-settlement funding company takes 100% of the responsibility, and you keep the money that was already given to you.
The Advantages of Getting a Colorado Springs Car Accident
As you examine your loan options during your Colorado Springs auto accident lawsuit, it is beneficial to consider pre-settlement funding. Because with a car accident loan, you can receive the following:
- A Low-Interest Rate: A pre-settlement funding company does everything it can to keep its auto accident loan interest rates as low as possible.
- Flexible Terms: You can get pre-settlement funding that will not break your budget.
- Immediate Funding: With a car accident lawsuit loan, you may get your money in as little as 24 hours.
Meet with a pre-settlement funding company to get insights into all of the auto accident loan options at your disposal. The company can connect you with friendly, knowledgeable pre-settlement funding specialists that can answer any questions you have. These specialists can make it easy to decide if now is the right time to move forward with an auto accident loan.
Of course, when you choose an auto accident pre-settlement funding company, look at the business’ experience. When you have a pre-settlement funding company that knows the ins and outs of auto accident loans at your side, you are in good hands. This company will do everything it can to help you get the most value out of your car accident pre-settlement loan.
Apply Now for Pre-Settlement Funding
Submit Your Request for Auto Accident Pre-Settlement Funding in Colorado Springs
Silver Dollar Financial can help you get approved for a Colorado Springs auto accident loan. Please contact us today to learn about our car accident loan options.