Denver residents are not immune to car accidents, and these incidents cause a slew of other problems. A solution to some of these problems is obtaining a car accident loan in Denver. After hiring a lawyer and starting your claim, your next step is to contact Silver Dollar Financial for Denver car accident loans.
We will review the details of your injuries and case and can send you an offer within one business day after you apply. You can spend the money however you want while you wait for your case to resolve.
Car Accident Laws in Colorado
One of the primary laws regarding car accidents is to report a collision to the authorities at the scene or the Department of Revenue within 60 days. After that, you should contact a local car accident lawyer and consider a lawsuit since you only have three years to file.
Colorado has a modified comparative negligence rule, meaning fault percentages can be awarded to both drivers. Comparative negligence can impact your claim amount and delay your settlement. In the meantime, however, you can pursue a car accident loan.
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What Are Pre-Settlement Loans?
Car accident loans are cash advances on your expected settlement, which are paid directly to you before the resolution of your case. While using a car accident loan company, you borrow money from yourself. The one caveat is when you borrow money, you pay it back, but if you lose your case, you have no responsibility to pay anything back.
Personal finance does not come into consideration for these loans, and neither is your credit score.
Risks and Benefits of Lawsuit Loans
The benefits far outweigh any risks, and these loans are often considered no-risk. One potential risk is the interest rate you incur, which will vary by car accident loan company. That’s the only risk, and our interest rates are discussed beforehand to avoid surprises.
The benefits of pre-settlement funding include no credit check or impact. The lender is paid from settlement funds and has no hidden fees.
Your settlement is your collateral; your home, personal or family finances, and other property are not. A key benefit is you will also have the upper hand in your lawsuit. The insurance company can continue to delay thinking you will run out of money, but they will realize they cannot win – and you can get a higher settlement if you wait for the perfect offer.
Attorney Involvement Is Essential
Your attorney is vital to your car accident claim and pre-settlement loan. They must provide documentation and information about your case, injuries, duration, and merit. These are crucial elements for the car accident loan company to assess their risks in offering you a loan.
When you agree to a loan, your lawyer must also sign off. They are responsible for paying off relevant car accident expenses like pending doctor’s bills, legal fees, and car accident loans in Denver. Another benefit of involving your attorney is they can review the contract and ensure you understand what you are signing and agreeing to.
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Denver Car Accident Loans Can Help Your Case
Pre-settlement loans have many benefits, but one that outweighs many others is how it helps your case. Insurance companies are vultures who know that most people can survive a few weeks or months with savings and help, but they cannot survive long term. Life goes on, and bills keep coming, which works in favor of the insurance company because they will drag out a valid claim.
The insurance company wants you to get desperate and take their lowest offer so that you can pay your bills. When you have a pre-settlement loan, that gives your lawyer time to negotiate a larger settlement from the insurance company. You can hold out longer because you won’t face the financial hardships of waiting for payment.
Qualifying for Pre-Settlement Funding
Qualifying for a pre-settlement loan means you were in a car accident, suffered injuries, and are being represented by a lawyer. Those are the basics. You must have a pending car accident lawsuit and be a state resident.
Approval and how much advance you get will depend on individual factors. You can discuss your qualifications with an account representative from Silver Dollar Financial.
Catch Up on Bills with a Denver Car Accident Loan
Denver car accident loans can go a long way in catching up on daily expenditures and accident-related expenses. Plaintiffs will have financial sustainability while the legal process runs its course. Your bills do not stop when you cannot work and need a little cushion.
There are no restrictions or stipulations on what you can use the funds for, but many borrowers use them for shelter, food, utilities, medical bills, and school costs. The expenses you had before the accident will continue, and you will now have new costs to deal with, and it is advisable that you use your loan on those.
Apply for Pre-Settlement Funding in Three Steps
Applying for a Denver car accident loan is easy and risk-free. Applications are free, and you can get a decision quickly. Call Silver Dollar Financial or fill out an online form to begin the process.
An account representative will review your documents and contact your attorney. You get approval, sign the papers and get your money.
After you receive an answer, you can get your funds within 24 hours. That is all it takes to apply for pre-settlement funding in Denver.
Silver Dollar Financial Can Get You Money Fast
Repayment is simple, and you only pay when you settle. If you win your claim a year from now, then that is when you will repay your loan. If you don’t win your claim, you pay us nothing back.
Car accident loans in Denver are risk-free to the borrower and easy to apply for. Get an answer within as little as a day after applying. Get the upper hand with a Denver car accident loan. Call Silver Dollar Financial and review your options.