Car accidents cause a financial strain on victims, and you have the right to seek compensation from the at-fault party. The payment you get from a personal injury lawsuit will help you pay for medical bills, property damages, daily expenses, and more. However, there is a long timeline between your accident and payout, so what do you do during this time?
You have medical and living expenses when you cannot work because of your injuries. Unfortunately, lack of income will hinder your ability to pay for any of this, which can lead you into debt, starvation, and homelessness. Car accident victims are likely to agree to a lower settlement when they are in financial need, but a car accident loan changes that.
Get Money Before Your Settlement
Legal loans empower plaintiffs because they give you the upper hand during your claim. Insurance companies continuously drag their feet and will send lowball and offensive settlement offers. Their goal is to wear you down so they can save money.
When you get cash before you settle, you level the playing field and can hold out until the insurance company offers you sufficient payment. Many benefits come with getting pre-settlement funding.
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Pre-Settlement Funding Is a Financial Lifeline
When you work with a car accident loan company, you have different lawsuit funding options to survive the extended legal process. Depending on your case, you can get pre-settlement funding ranging from $5,000 to $100,000 or more. Silver Dollar Financial will review the case merits and potential outcomes when deciding the appropriate percentage of the award to offer you.
Dallas car ancient loans have saved injury victims thousands of dollars and additional stress. Clients avoid ruined credit, eviction, vehicle repossession, and other consequences by getting immediate cash from their accident lawsuit. Our funding department specialists have heard horror stories from plaintiffs across Dallas and have been able to offer a financial lifeline.
The Loan Process Steps
The car accident loan process is easy and efficient. Before you begin an application, you must find a car accident loan company that is transparent and honest. After following a few simple steps, you can get an answer and have money in your hand.
The application process steps are:
- Submit application: fill out your application online or give Silver Dollar Financial a call and speak to our underwriters to get started.
- Speak to a representative: once our underwriters gather information regarding your accident, injuries, you, and your lawyer, they will contact your law firm. The faster your law firm can provide the necessary documentation, the sooner we can process your claim.
- Get an answer: once we have all the relevant information and documentation, we will take some time to review your eligibility. If you are approved, we will inform you how much we can offer you and provide the terms and agreement.
Once you decide to move forward, you will sign a funding agreement, and Silver Dollar Financial will send your money using your preferred disbursement method. You can have Dallas car accident loan funds within 24 hours!
Are You Eligible for Car Accident Loans in Dallas, TX?
When working with a personal injury lawyer and in litigation, it is simple to qualify for car accident loans in Dallas, TX. Eligibility is relatively simple:
- You suffered an injury from an MVA
- You have a car accident lawyer working on a contingency fee
- You need funding to pay your bills
If you nodded your head yes to every bullet point, then it is likely you are eligible for pre-settlement funding. Many plaintiffs believe this process is difficult or costly, but that is a myth. There are no credit checks, and your income is irrelevant during your loan application.
The premise of your eligibility will depend on your accident claim.
Apply Now for Pre-Settlement Funding
Costs of Lawsuit Loans
Car accident plaintiffs are already dealing with a slew of expenditures from their injuries, and many are apprehensive about getting into more debt by taking out a loan. Dallas car accident loans are non-recourse, so if your case is unsuccessful, you do not repay us out of pocket. Reputable car accident loan companies will not tack on hidden fees and must disclose all fees upfront. Your contract will also outline the breakdown of these fees.
Dallas car accident loans will also come with a simple interest rate on the lower end. The lower your interest, the better your financial future. Compound interest rates can add up and take a large chunk of your settlement, leaving you in another financial hole.
Review your terms and fees before signing an agreement. Every case is unique, and your costs are individually assessed with the information you provide.
You Can Use Your Loan on Anything
Legal funding will cover any of your expenses. Once the money is in your account, you have a few limitations on what you can pay. You can pay daily expenses, medical treatments, and more.
Consider your current and future costs and distribute your funds accordingly. Most car accident plaintiffs will use the money on payments like:
- Utility bills
- Medical expense
- Property repairs or replacements
- Rent and mortgage
- Cell phone bill
- Utility bills
You can use your legal funding on virtually anything besides legal expenses and investments. Depending on your legal loan amount, you can have funds for the duration of your lawsuit, but at other times one loan is insufficient. Depending on individual circumstances, you can qualify for a second loan when you run out of funds. Ask your account representative if you have any questions regarding the usage of funds.
Work with Silver Dollar Financial for Your Loan
As a plaintiff in a personal injury lawsuit in Dallas, you can get cash now through pre-settlement financing options. It is an easy financing solution that helps you pay bills while you wait for an auto accident claim to resolve. You can get the payment within 24 hours after signing your funding agreement.
Silver Dollar Financial simplifies the application process because we want to help accident victims in Dallas, so contact us immediately.