A Detroit car accident can interrupt every aspect of your life. Your physical health can become worse. You may experience some mental trauma following your accident, and trying to pay for your medical expenses and vehicle damage can easily swallow up your finances.
At Silver Dollar Financial, we do not want this to happen. We understand how expensive it is to seek compensation for your Detroit car accident. That is why we share information on Detroit car accident loans with flexible terms and conditions with our clients.
Our team can teach you about Detroit pre-settlement funding and how it can help your car accident lawsuit.
Seeking Compensation for a Detroit Car Accident Is Complicated
You can be stalled at any step in the process when seeking compensation for your Detroit car accident. The other driver’s insurance company may stall negotiations when you request additional compensation. Stalling the process can add more weeks, months, and even years to your lawsuit.
Waiting this long for your compensation can cause you additional stress. Your immediate finances – medical bills, utilities, and car repairs – can pile up, leading to more debt. When negotiations are stalled, Detroit pre-settlement funding can help cover the costs of your expenses.
No matter your lawsuit’s direction, you can use these additional funds to stay on top of your finances.
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When to Apply for a Detroit Car Accident Loan
You can apply for a Detroit car accident loan at any point in the process. Victims of Detroit car accidents have three years from the date of their injuries to file a lawsuit. If you’re not in the financial space to file a lawsuit, you can consult an attorney and explore legal funding options.
Typically, the application process for a Detroit car accident loan takes a few minutes. After your application has been approved, all that is required is a signature on the financial agreement by you and your attorney.
Once this signature has been received, your funds can be released within 24 hours. The process itself is very quick, simple, and substantial. Start the application process for a Detroit car accident loan today. You can receive funding after approval within as little as 24 hours.
What to Expect When You Get a Detroit Car Accident Loan Quote
Many Detroit car accident victims assume that the legal funding process is as restricted as the traditional loan process. However, that’s not the case. Your credit score and history are used to determine eligibility for a loan. This information will not be used to evaluate your case.
Instead, we only require your name, attorney’s contact information, and case details. Once our representatives determine the likelihood of success with your case, we will offer a quote for your loan. You and your attorney can accept this offer by signing the financial agreement.
Education About the Detroit Pre-Settlement Funding Process
Although the process is quick, our team will not force you into accepting a shady offer. We take our time and answer all of our client’s questions about the legal funding process. We understand that many of our clients have never applied for legal funds, and we want to educate them as much as possible.
Being open about the education process allows us to operate with the utmost transparency and diligence. We ensure that our clients are informed throughout every process step. If you have any questions about additional fees and interest on Detroit car accident loans, we are more than willing to answer them.
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Review the Interest Rates Associated with Detroit Car Accident Loans
Some Detroit car accident loans compound interest, and the applicant doesn’t realize it until it’s too late. This is why applicants pay more than expected when repaying their loans. When a Detroit car accident loan compounds interest, that interest rate rises. Unfortunately, some legal funding companies lack integrity and don’t mention this to the applicant.
Silver Dollar Financial offers Detroit car accident loans with simple interest. The interest rate stays the same when a lawsuit loan has a simple interest. This means you will not have any surprise fees to take care of during repayment.
Repayment Options for Detroit Car Accident Loans
Applying for a Detroit car accident loan is risk-free compared to a traditional loan. When you apply for your loan, you don’t have to worry about paying the loan back. The only time that you have to think about repayment is when you win your lawsuit.
If you win your lawsuit, your compensation will cover the costs of your loan. You don’t have to worry about paying the loan back if you don’t win your lawsuit. The outcome of your case also doesn’t affect your ability to apply for more funding. If you are unsuccessful in your case, you can still apply for more funding at any time in the future.
Limited Restrictions on Detroit Car Accident Loans
Another factor that makes Detroit pre-settlement funding risk-free is what you can use your funds for. For example, your Detroit car accident may have caused you to fall behind on your expenses. You may have to pay for childcare services because of your injuries.
All of these expenses can be covered through your Detroit car accident loan. Once you receive your funds, you don’t have to worry about reporting your expenses to anyone. Rewarding these funds can position you to get the most out of your loan.
Additional Pre-Settlement Funding in Detroit May Be Available Before You Receive Your Settlement
There are also occasions where you can apply for additional funding before your case is resolved. It’s common for car accident victims to run out of funds before their lawsuit is resolved. Just like your first application, you can restart the application process and request additional funds.
Partner with the Leading Detroit Car Accident Loan Company
At Silver Dollar Financial, we offer our clients the best Detroit car accident loans. We provide lawsuit loan guidance and support whenever our clients need it. For more information, please call us or submit our contact form online today.