In the weeks and months after a serious car accident, you will likely face significant financial strain. A car accident can result in expensive medical treatment and repair costs. Additionally, you may not be able to work because of an injury, so even your everyday expenses could be hard to cover.
The long-term solution to your financial problem will likely come from an insurance claim or lawsuit. However, getting this money can take a very long time. In the meantime, you can use a car accident loan in Kansas from Silver Dollar Financial to help pay the bills and keep your finances in order.
Expenses You Can Pay With a Car Accident Loan
A car accident loan can help you cover all the costs you face after a collision. A serious crash can leave you dealing with high medical expenses, along with property damage. You might also face lost wages due to having to miss work because of your injury. If you are unable to work, it may be difficult to pay for your everyday expenses, like:
- Housing costs
- Phone and internet
- Car payments
A car accident loan can help you cover all these costs and relieve the stress caused by financial hardship.
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Should I Apply for a Car Accident Loan in Kansas?
Car accident loans can be a helpful tool but are not necessary in all accident cases. If you were involved in a minor accident, you will likely be able to get by just fine without a car accident loan. Likewise, if you have a significant amount of money saved up for emergencies, you can likely avoid taking out a car accident loan to help pay your bills while waiting for compensation.
However, in most other situations, a car accident loan in Kansas may be your best bet for navigating this financially difficult period.
Who Can Apply for a Car Accident Loan in Kansas?
If you were the victim of a car accident caused by another party, you might be eligible to receive a Kansas car accident loan. Simply submit an application, and your eligibility will be reviewed.
Lenders do not look at your credit report when determining your eligibility for a car accident loan as they do with most other loan types. Instead, the focus is on the strength of your case against the party at fault for your accident.
Car accident loans are repaid directly from the compensation you receive for your damages. Because of this, the lending company needs to feel confident that you will win your case. The best way to increase your odds of doing so is to hire an experienced car accident lawyer to represent you.
Insurance Companies Are Not on Your Side
After an accident, it is important to remember that the insurance company is not your friend. They do not have your best interest at heart. Instead, they are focused on protecting their bottom line. They will do whatever it takes to pay out the least amount of money they possibly can for a claim.
One of the ways in which they do this is to approach accident victims with a settlement offer before they have a chance to speak with an attorney. They are hoping to find you in a vulnerable state, still shaken from your accident and worried about how you will pay for medical treatment and what you will do if you can’t return to work for a long time.
The offer from the insurance company can feel like a lifeline in this situation. The amount of money they are proposing to give you may be more than you have seen in your life. However, what they are offering you is likely a fraction of the full value of your claim. If you take the deal, you will probably soon find that the money has run out while your financial obligations continue.
By taking out a car accident loan instead, you can get the money that you need to cover your costs in the short term while still pursuing the money to which you are entitled from the liable party.
Apply Now for Pre-Settlement Funding
Applying for a Car Accident Loan in Kansas Is Simple
It only takes a few minutes to apply for a Kansas car accident loan with Silver Dollar Financial. You simply need to provide us with some basic information about yourself and your case. We will then review your application and give you our decision in as little as 24 hours. If we approve you for a loan, you could receive up to $100,000 to help cover your costs.
Car Accident Loans Do Not Come With the Same Risks as Other Loans
When you apply for a car accident loan, you don’t have to be concerned about whether you will be able to repay the money you are borrowing or not. Car accident loans are repaid directly from the settlement you receive, which is why it’s often referred to as pre-settlement funding.
As non-recourse funding, if you are unable to recover any compensation, you don’t have to repay the loan. The lending company is the one that assumes all the risk with a car accident loan. Because of this, they will only approve your application if there is a strong chance that you will win your case.
Apply for a Kansas Car Crash Loan for Free
At Silver Dollar Financial, we are dedicated to helping accident victims manage their financial obligations while they wait for compensation from the liable party. We have helped countless people get the money they need to cover their financial costs while they wait on damages from the at-fault party.
When you’re ready, you can apply for a car accident loan in Kansas for free. Give us a call or fill out our online contact form to discuss your financial needs and whether a car accident loan can help. Get started with your free loan application today.