A Durham car accident can cause major problems. The accident can leave an individual with a serious injury that requires costly medical treatments. This individual is financially responsible for any medical costs relating to their car accident, even if someone else is at fault.
At Silver Dollar Financial, we offer stress-free Durham car accident loans. Our team can explain the ins and outs of auto accident loans. We can also help you submit a car accident loan application and get thousands of dollars in pre-settlement funding.
Now Is the Time to Consider a Durham Car Accident Loan
Following an auto accident in Durham, an individual has up to three years to seek damages from anyone responsible for it. This period begins from the date of the accident. If an auto accident victim does not file a personal injury lawsuit during the time frame, this individual cannot pursue damages at a later date.
For those who are considering a car accident lawsuit in Durham, meet with a personal injury lawyer. Then, an auto accident victim can learn about personal injury claims. The attorney can help this individual file a lawsuit and pursue pre-settlement funding.
It is necessary for an individual to employ a lawyer before receiving a car accident loan. The attorney keeps the pre-settlement funding company up to date about the plaintiff’s case. In addition, the lawyer does what it takes to help the plaintiff secure damages in court.
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The Amount of Money Available from a Durham Car Accident Loan Company Varies
A Durham auto accident loan company examines an individual’s eligibility for a pre-settlement loan. The business makes no assumptions about any car accident loan application it receives. Rather, the company reviews the application in detail so it can provide an applicant with a custom loan quote.
The best Durham car accident loan company can respond to a pre-settlement funding request in as little as 24 hours. At this point, the company provides an applicant with a car accident loan quote. The business also provides details about the loan’s interest rate and any other pre-settlement funding terms and conditions.
It is in a car accident pre-settlement funding applicant’s best interest to evaluate a loan quote to the best of their ability. This individual can meet with their attorney to discuss the quote. It can be helpful to reach out to the pre-settlement funding company for additional insights, too.
A Durham Car Accident Loan Company Offers Comprehensive Client Support
It can be difficult to make an informed decision regarding a Durham auto accident loan. Fortunately, a pre-settlement funding company can help an individual conduct a thorough assessment of a car accident loan. The company has experienced pre-settlement funding specialists on staff who can respond to any auto accident loan questions.
Before an individual reaches out to a pre-settlement funding company, it can be beneficial to make a list of questions. This individual can share their questions with the company’s auto accident loan specialists and find out what they have to say. Also, these specialists can guide an individual through the pre-settlement funding application process.
If an individual moves forward with a car accident loan, their pre-settlement funding company remains accessible. The loan recipient can connect with the pre-settlement funding company at their convenience. This enables the recipient to receive ongoing support for the life of their loan.
Choose a Durham Car Accident Loan with a Simple Interest Rate
When an individual reviews a Durham car accident loan, keep an eye on the interest rate. It is common for a pre-settlement funding company to charge interest on its auto accident loans. However, some pre-settlement funding companies bill compound interest, while others assess simple interest.
Compound interest increases over time. For example, an individual may receive an auto accident loan with an interest rate that appears low at first but compounds over time. As such, the interest rate will continue to rise, which can cost an individual thousands of dollars once their case is settled and their loan must be repaid.
Comparatively, with simple interest, the same interest rate applies for the duration of a car accident loan. A pre-settlement funding company can provide an auto accident loan applicant with a simple interest rate that does not change. In this instance, the loan recipient can easily calculate how much interest has accumulated on their loan at any time.
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There Is No Obligation to Accept a Durham Car Accident Loan Quote
An individual can fill out an auto accident loan application with no further obligation. After a pre-settlement funding company reviews the application and provides a loan quote, the applicant does not need to accept it. If the applicant decides now is not the best time to get pre-settlement funding, this individual is not penalized for moving on from it.
Of course, an auto accident personal injury case can change quickly. If a car accident victim decides to pursue pre-settlement funding at any point during their litigation, this individual can do so. The plaintiff can submit a pre-settlement funding application and get a car accident loan as needed.
An auto accident loan does not change the fact that a plaintiff is seeking damages in court. The loan ensures a car accident victim can pursue their case without having to worry about suffering significant financial losses. Therefore, the loan can help an auto accident victim simultaneously seek justice in court and stay afloat financially.
Find a Pre-Settlement Funding Company that Partners with Its Clients
A pre-settlement funding company can educate people about auto accident loans. The business can offer insights into these loans and why people pursue them. It can help individuals see the short- and long-term value of auto accident loans.
Car accident loans help people get money based on the projected settlement in a personal injury case. Each auto accident loan offers immediate financial aid. It helps an individual pay their medical bills and other expenses until their auto accident lawsuit is resolved.
It is important to note that auto accident loans are risk-free. If a plaintiff is not awarded damages in their auto accident case, this individual does not need to repay their pre-settlement funding company. In this scenario, the pre-settlement funding company takes 100% of the responsibility for the plaintiff’s auto accident loan.
Explore Durham Car Accident Loan Options from Silver Dollar Financial
Silver Dollar Financial provides auto accident loans in Durham and other North Carolina cities and towns. Our team can help you evaluate car accident loan options. For more information, please contact us today.