If you get injured in a car accident, the road to recovery can be long and painful. Not only can it take a long time to recover from your physical injuries, but it can also be a lengthy process to get back on track financially. And recovering damages from the liable party can take months or even years.
In the meantime, you are facing additional expenses related to your injury and may be unable to work, which could hurt your ability to cover your everyday costs as well. You need financial relief now. Bridge the gap between your accident and settlement with a car accident loan in Iowa from Silver Dollar Financial.
The Benefits of a Car Accident Loan
After a car accident, it can take months or even years to recover fair compensation from the liable party. A car accident loan can give you the money you need to cover your cost while awaiting compensation.
A car accident can result in many financial complications. You may be facing additional expenses in the form of bills for medical treatment and repairs. Additionally, you may have lost wages if your injury keeps you from returning to work. This can make it difficult to cover your everyday expenses for things like:
- Housing costs
- Car payments
- Phone and internet
You can use a car accident loan to help pay all these costs and alleviate the stress caused by financial difficulties between your accident and receiving compensation.
Click to contact the Silver Dollar Financial Team today or Call +1(844)871-0628
Do I Need an Iowa Car Accident Loan?
Deciding on whether to apply for a car accident loan in Iowa should come down to a couple of factors. The two most important things to consider are the severity of the accident and how much money you have saved away for emergencies.
If your accident is minor or you have significant savings to cover your expenses while waiting for compensation, you can likely get by without a car accident loan. However, in most other situations, a car accident loan could be your best option.
Do I Qualify for a Pre-Settlement Loan?
If you have been involved in an accident where another party was at fault, you may be eligible to receive pre-settlement funding. In this situation, the lending company will look at the strength of your case to determine whether or not your loan will be approved.
Iowa car accident loans are paid back directly from the money you recover from the at-fault party. Because of this, the lending company is far more concerned about your chances of winning compensation than they are with your credit score.
One way to improve both your odds of recovering compensation and of receiving a car accident loan is to hire an experienced personal injury lawyer.
Insurance Companies Are Not Your Friends
While insurance companies tend to portray themselves as your friendly neighbors, always looking to help you out, the opposite is true. Insurance companies hate to pay out on claims and do everything in their power to avoid giving claimants the money that they deserve.
One tactic they use to minimize the amount they have to pay is to approach you with a settlement offer as soon as possible after your accident. They will present you with a deal that may seem good in the moment, especially if you are stressed by medical bills. However, if you take the offer, you will likely soon find that it is not nearly enough to cover your long-term costs.
The insurance company will try to get to you before you talk to a lawyer because they know that an experienced attorney will advise against the deal and instead suggest alternative options, such as taking out a car accident loan.
A car accident loan gives you the money you need to cover your cost in the short term while allowing you to pursue the full value of your damages.
Apply Now for Pre-Settlement Funding
The Lending Company Assumes All the Risk
When taking out a car accident loan, there is no risk of getting yourself into further debt by not being able to make the payment on your loan. A car accident loan is repaid all at once, directly from the damages you receive from the at-fault party. If you do not recover compensation, you do not have to repay the loan.
Since the lending company is the one assuming the risk by granting you the non-recourse loan in this situation, they are only likely to do so if the odds look very good in favor of you winning compensation. If your case is not strong enough, your loan application will likely be denied.
You Can Apply for a Car Accident Loan in Minutes
The application process for a car accident loan in Iowa is simple and straightforward. After taking a few minutes to share some details about yourself and your case, the lending company will review your situation and make a decision.
At Silver Dollar Financial, your application may be approved in as little as 24 hours. If we approve your application, you could receive a loan of up to $100,000.
Fill Out an Iowa Car Accident Loan Application
At Silver Dollar Financial, we believe that accident victims should be able to get access to the money they need to cover their costs between the time of their accident and when they finally receive a settlement. We have been helping accident victims get the money they need for years.
If you’re struggling financially after an auto wreck, we can give you a car accident loan in Iowa that covers your expenses while you await a settlement. It’s free to apply, so contact us today to get started. You can give us a call or fill out our online loan application.