Securing pre-settlement funding for your accident can be a critical turning point. The aftermath of a car accident can be financially and physically devastating, and it can impact your mental health. If you are feeling like everything has been turned upside down, you are not alone. A financial solution may be available to you today.
Pre-settlement funding is a loan against a future settlement that you need not pay back until the case is settled. The repayment is taken directly from the settlement, and there is no risk to your credit or property. The settlement is your collateral. Silver Dollar Financial provides Columbus auto accident loans in as little as 48 hours.
Use Funding From a Car Accident Loan for Anything You Need
A Columbus car accident loan allows people the critical funding they need to meet basic living expenses during a time when it is needed the most. The loss of income while recovering affects many people’s ability to pay rent, bills, or the cost of medical treatments that are not covered during this time.
Cases can take months and even years to settle, depending on various factors. In the event you are severely injured and can’t work as you normally do, the financial pressure can become too much to handle. Taking advantage of an auto accident loan can make a meaningful difference in your life when things are so unsettled.
Pre-settlement car accident loans are a valuable tool when you need money to stay afloat after a serious vehicle accident. The money is used for anything the plaintiff needs to get well, stay financially stable, and keep fighting.
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It’s Quick and Easy to Get Pre-Settlement Funding for Your Car Accident Case
If you are over 18, have been injured in an auto accident, and have hired an attorney on a contingency basis, you are a candidate. We will work with your attorney to establish the strength of your claim in order to determine eligibility and funding approval. Many of our applicants have their funds within 24 hours of approval.
The approval process is streamlined for your benefit. We try to remove stress from the lives of our clients, not create more red tape and headaches. Our goal is to get you the pre-settlement funding you need as quickly as possible. We understand the urgency many auto accident victims feel. We are here to help you.
What Kinds of Injury Accidents Do You Fund?
While every case and every situation is different, we will assess the variables to get funding approved as quickly as possible. The limits of the insurance policies involved, the extent of the damages and injuries, and who is at fault will be evaluated.
Our team is knowledgeable and will work diligently to serve you. Some cases we regularly fund include:
- Car accidents
- Bicycle accidents
- Bus accidents
- Motorcycle accidents
- Passenger accidents
- Pedestrian accidents
- Tire/brake/equipment failure accidents
- Tractor-trailer/semi-truck accidents
- Uber/Lyft accidents
If you have a valid claim against another party involved in the accident, it is worth your time to fill out a free application to see what options are available to you.
Can a Columbus Car Accident Loan Help the Outcome of My Case?
Pre-settlement advances can benefit your case by hindering the strategies used by the insurance company. It is common to see the defendant’s insurance company drag out cases and make lowball offers for as long as they possibly can. Stalling the process forces people into a corner financially.
Insurance company adjusters and attorneys are very aware that car accidents are costly to the plaintiff and they count on your desperation to save them money. When you have the resources available from a car accident loan in Columbus, you remove their power to leverage you into accepting a meager offer.
The breathing room also allows the time necessary for your lawyer to go into battle for the full value of your settlement.
Apply Now for Pre-Settlement Funding
What Interest Is Charged on a Cash Advance Settlement Loan?
It is our practice to charge only simple interest, so you will not have to worry about a compounding interest rate taking a large portion of your settlement. Reputable lenders will be transparent in their lending process and offer non-compounding interest rates, typically in the single-digit range.
Compound interest rates should always be avoided due to the charging interest-upon-interest design of the compound interest formula. Our commitment is to serve accident victims with integrity by providing car accident loans that are understandable, fair, non-recourse, and charge low simple interest rates.
Our lending practices are transparent, ethical, and do not include any hidden fees or surprises. We listen to your questions and commit to treating you with the same respect we would want our family to be treated with.
How a Columbus Car Accident Loan Works
Pre-settlement lawsuit funding can provide essential cash to people without any risk to their credit and without adding another monthly bill. Unlike a credit card, there is no liability to your personal finances, no need to pay it back if your case is lost, and no risk to your credit score since the lender is paid directly from the settlement funds.
In effect, you are borrowing money from yourself against the future settlement that could take months or years to be available. However, your Columbus car accident loan does not need to be repaid if your case does not settle, and it doesn’t affect your credit rating or create a risk to your personal finances.
How Much Pre-Settlement Funding Can I Receive for My Case?
For estimation purposes, it is safe to assume that most companies will lend between 10 and 20% of your projected settlement award amount. So, if your case is valued at $30,000, the loan amount could be between $3000 and $6000. You can always borrow less than the approved amount of your car accident loan depending on your needs.
To estimate the amount you might qualify for depends on the amount of insurance carried, the severity of injuries, and liability. The states require varying minimum amounts of coverage, so it is important to consider where the defendant’s insurance policy comes from. Assuming you will get 15% of the minimum coverage for the state of issue can give you a ballpark figure.
Call Today or Fill Out an Online Application to Begin the Approval Process Today
Our company was founded to assist injured accident victims with ethical, transparent lending practices. We are committed to integrity in our business, and treating every customer with courtesy and respect.
Securing funding with a Columbus, GA, car accident loan from Silver Dollar Financial will give you the perspective and time you need in order to pursue a much better outcome to your claim. You are not alone if you feel like you have been sliding down a financial spiral after a car accident. Apply today. We are here to serve you.