A car accident can throw your whole life into disarray. You may be injured and unable to work, and your financial situation will likely be looking pretty bleak. Fortunately, a car accident loan can help you pay your bills and get the medical treatment that you need to get your life back on course.
Contact Silver Dollar Financial today to apply for a car accident loan for free. We have helped countless people get the money they require during their time of need. Give us a call or fill out our online contact form to get started today.
The Car Accident Loan Application Process
The process of filing for a car accident loan is quite simple. All you have to do is fill out a few details about yourself and your situation and submit them to the financial institution with whom you are attempting to secure a loan.
The financial institution will review your application, and if they determine your case to be eligible for a car accident loan, they will approve the application. Approval can occur in as little as 24 hours.
If approved, you will get your money. You won’t have to pay back any of the loan or interest payments until your case has settled and you have received compensation.
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Applying for a Car Accident Loan Is Risk-Free
One of the best things about car accident loans is that you can take one on without assuming any risk. With most other loans, there is the possibility that you will not be able to make the loan payments and end up getting yourself into an even worse situation if things don’t work out.
However, with a car accident loan, the lending house takes on all the risk. They put their money on the line with the guarantee that you will not have to repay your loan unless you recover compensation.
If you do receive a settlement or payout in a lawsuit, repayment of your loan will come directly from the money you receive. You will never pay a single cent out of pocket.
How a Car Accident Loan Can Help After an Accident
A car accident loan can help you bridge the gap between your accident and receiving compensation.
Unfortunately, it can take months or even years to get the money to which you are entitled through a car accident lawsuit. In the meantime, you will be looking at the high cost of medical treatment with no additional funds to help you pay these additional expenses.
A car accident loan can give you the money you need to keep stability in your life as you wait for your lawsuit to play out.
A Car Accident Loan Offers You Protection
Insurance companies hate to pay out on claims. They will do everything within their power to undervalue a claim or deny it outright. One of their most successful tactics for doing so is to reach out to accident victims before a claim has even been filed to offer compensation. They will present this offer as a one-time deal and pretend that it is the best offer that you will get.
However, nothing could be further from the truth. The insurance company knows that you are likely still in a state of shock from your accident and that you are probably worried about how you are going to cover your medical bills. The insurance company hopes that you will take the deal in desperation and thus protect them from any further claims to compensation.
By taking out a car accident loan, you put yourself in a position of power. You don’t have to worry about short-term costs as you have the money to cover all your expenses for a while. Instead, you have to worry about recovering enough money to protect yourself in the long run. There is no longer any ticking clock over your head, and you can take your case to trial if necessary.
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Qualifying for a Car Accident Loan
Determining who qualifies for a car accident loan is different from evaluating eligibility for most other types of loans. Qualification is not based on your past. The lending company will not be looking at your credit history. Instead, the most important thing is the strength of your case.
The lending company will review your case, and if they believe you are likely to recover damages, then they will lend you the money. Since they assume the loss if you don’t get paid, they will only offer you a loan if they feel your case is strong.
What Costs does a Car Accident Loan Cover?
A car accident loan does not only cover the cost of medical treatment and repair expenses for your automobile. It also can help you to keep up with all of your other expenses if you are unable to work because of your injuries.
A car accident loan can help you to pay for expenses, such as:
- Housing costs
- Car payments
Apply for a Car Accident Loan in Georgia for Free
If you were injured in a car accident and are waiting for compensation from an insurance claim or lawsuit, a car accident loan can help hold you over. At Silver Dollar Financial, we have helped countless people to keep up with their expenses while they wait for a payout from an insurance company or the at-fault party.
Give us a call today or fill out our online contact form to apply for an automobile accident loan in Georgia. The application is free, so reach out to us to get started.