Were you recently critically injured in a car accident? Are you having trouble making ends meet while you wait for your personal injury attorney to settle your case with the insurance company or bring your case to trial? If so, you are not alone – and the good news is you do not need to continue to struggle financially.
When you contact Silver Dollar Financial for help, you can access El Paso car accident loans to get you caught up and start rebuilding your life. Contact our loan specialists for a free consultation today to learn more about how car accident legal funding works and what you could be authorized for in as few as 24 hours.
Compensating Car Accident Victims
When a victim suffers debilitating personal injuries in a car accident, the individual or entity responsible for causing the collision should compensate the victims for their damages. When you bring your car accident case to trial or file a claim with the insurance company, there are specific types and amounts of damages that may be available.
For example, if you are filing a claim with the insurance company, you could expect them to compensate you for your medical bills and the costs of repairing or replacing your car. However, the remaining losses may need to be obtained through a civil lawsuit. This can make the claims process particularly complex when you are still recuperating from your injuries.
Since there are multiple ways in which you can recover the compensation you deserve, it should come as no surprise it may take some time to move through the claims process. Unfortunately, few solutions are available to help car accident victims through these difficult times. Fortunately, Silver Dollar Financial is here to help.
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What Happens While You Wait for Your Car Accident Settlement
When you wait for your car accident settlement, your life may continue to be complicated. While your car is damaged, you may be stuck dealing with the cost of a rental car, which could amount to thousands of dollars or more for merely a few days.
If you are currently out of work due to the extent of your injuries, it may be difficult to continue providing for your family. You might get behind on credit card or student loan payments, have trouble covering your Internet and utility expenses, or in extreme cases, even struggle to put food on the table.
You do not need to struggle financially when someone else is to blame. Although it may take some time for your insurance claim and the civil lawsuit to be resolved, Silver Dollar Financial is here to assist you in these trying times.
Laws Impacting Your Car Accident Payout
Before your car accident settlement can come in, several laws could influence the outcome of your case. These include
- The statute of limitations – The statute of limitations describes how long you have to get your claim filed. Unfortunately, those who do not file their car accident lawsuits within two years of the accident under Texas personal injury laws will be prohibited from pursuing their case in civil court.
- Texas fault insurance laws – Insurance laws in Texas require you to file a claim with the liable party’s insurance company. If the responsible party did not have insurance coverage or their insurance coverage was insufficient, it may be more challenging for you to recoup your damages.
- Comparative negligence laws – Texas follows a modified comparative negligence system. If your portion of the liability exceeds 50%, you lose your right to compensation for your damages.
As far as comparative negligence goes, you can still seek compensation for your losses if your liability exceeds 50%, but you can expect your car accident payout to be reduced proportionally. This way, the court system holds you accountable for your negligence and for causing your collision or resulting injuries.
How Car Accident Legal Funding Works
Since it can take a considerable amount of time for car accident cases to be settled, it is essential to consider your options for financial relief. Car accident loans in El Paso could be an excellent option for you and your family.
Think of it as if you were taking out a cash advance on your settlement funds. Your settlement funds may not be yet, but when they do, you will finally have relief.
For this reason, Silver Dollar Financial does not think you should have to wait. We can help you obtain a percentage of your funds ahead of time. This way, you do not need to endure financial hardships for another day.
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Eligibility for Car Accident Loans in El Paso
To be eligible for car accident loans in El Paso, you must be 18. You must also work with a personal injury or car accident lawyer to handle your insurance and civil claims.
You are under no legal obligation to have an attorney to pursue your lawsuit, but if you do not have a lawyer, we cannot approve your application. This is because most personal injury attorneys work on contingency. This means they do not require clients to compensate them for their damaged services unless they win.
Why We Require You to Have an Attorney on Your Case
We can assume your case will likely be successful if an attorney takes it on. Further, you must have an anticipated settlement. We must get in touch with your attorney and verify your settlement before we can approve your application.
Once we have spoken to your attorney and determined how long it might be before your settlement is resolved, we can review your application and find out how much to authorize in car accident legal funding. Usually, we can provide as much as 20% of your anticipated settlement funds.
Reach Out to Silver Dollar Financial for El Paso Car Accident Funding Today
Pursuing your car accident case will be one of the best ways to hold the liable party accountable for their actions and maximize your financial compensation. However, that does not mean you are obligated to continue struggling to make ends meet while you wait for your civil lawsuit and insurance claims to be settled.
With our El Paso car accident loans at Silver Dollar Financial, you can escape financial ruin in a matter of hours. Access the pre-settlement legal funding you need most when you fill out our online application or contact our loan specialists with questions or concerns.