After being involved in a car accident, your entire life could be changed. You will be stuck dealing with your physical injuries and emotional distress, and the financial expenses could leave your family struggling. However, you do not need to wait for your car accident settlement to find financial relief.
Silver Dollar Financial offers Las Vegas car accident laws to those who need an advance on their anticipated winnings. Contact our car accident loan company today to learn more about how the application process works, how much you could be awarded, and whether you meet our eligibility requirements.
How Car Accident Loans in Las Vegas Work
It makes sense to be skeptical of how car accident loans in Las Vegas. Although it may seem too good to be true, the benefits are undeniable. When you anticipate a car accident settlement payout, you can get an advance on your money by getting approved for a car accident loan.
Before we can approve your application for car accident legal funding, we will need to determine whether you meet the required eligibility criteria. These criteria include:
- You must be a minimum of 18 years old.
- You must be working with a car accident or personal injury lawyer.
- Your lawyer must verify you have an anticipated settlement.
We must speak with your attorney before we can improve your application. Your lawyer must verify how much compensation you expect to be awarded and how long it will be before your case is resolved. That way, our team at Silver Dollar Financial knows when to expect repayment for your pre-settlement funds.
If we cannot get a hold of your lawyer, we cannot authorize any legal funding. However, many personal injury and car accident attorneys are anxious to get their clients the financial compensation they deserve and return our calls promptly.
Car Accident Loans Are Not Bank Loans
It is important to note that car accident loans are unlike loans you take from a bank. When you take out a bank loan, the financial institution requires you to provide proof of income and credit references and have a good credit score.
However, none of this is true for our car accident loans. Since this is just an advance on your settlement funds, we do not need to verify credit references or your credit score.
Your creditworthiness is irrelevant to our application process. We also do not expect you to use your income as a way of paying back the loan. Our car accident loans in Las Vegas are non-recourse, so they can only be repaid via your settlement funds.
Furthermore, you may be out of work due to the extent of your injuries and need a source of income. If you were to attempt to apply for a bank loan, even with a good credit score, without a source of income, the bank would likely deny your application.
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How Much Compensation You Could Get Advanced
The amount of compensation you could be awarded in your car accident loan can vary widely on a case-by-case basis. In pursuing your car accident lawsuit, you have the right to be compensated for every way you have been impacted by your accident and the injuries you sustained.
This means you could win compensation for the following:
- Pain and suffering
- Lost wages
- Emotional distress
- Disfigurement and skin scarring
- Diminished quality of life
- Loss of potential future earnings
- Loss of employee benefits
- Healthcare expenses and future medical bills
- Personal property damages
- Loss of consortium
Factors Impacting Your Car Accident Loan Money
Although you have the right to compensation for both economic and non-economic damages in your car accident case, several factors could influence how much we can improve in pre-settlement car accident loan funding. Some of these factors include the following:
Statute of Limitations
If you still need to file your car accident claim, it is difficult to say whether we can approve your application for legal funding. This is because Nevada has a strict statute of limitations for personal injury claims.
You only have two years from the accident date to file your claim or you lose the right to bring your case to trial. If your claim that you are working on with an attorney has yet to be filed, we may still be able to proceed with your application.
It is not unusual for liable parties to accuse injury victims of sharing the blame for their injuries. The same is true in Las Vegas. Since Nevada follows a modified comparative negligence system with a 50% threshold, you will lose your right to compensation for your damages if you are more than 50% responsible for causing the accident.
However, if your percentage of fault is less than 50%, you can still recover compensation for your suffering but at a rate that reflects a shared fault deduction. We must consider how much will be deducted from your car accident settlement when determining how much to approve in legal funding.
Nevada follows false insurance laws, so you file a claim with the liable party’s insurer after an accident. However, this could impact the outcome of your case if the defendant does not have sufficient insurance coverage or is uninsured. You could also file a claim with your insurer if you purchased no-fault protection coverage with your auto insurance policy.
Get a Las Vegas Car Accident Loan Today
There is no reason you should continue struggling when someone else is responsible for causing your injuries and damages. While your lawyer fights to access the compensation you deserve through insurance or civil claims, our team is here to help you get an advance on your settlement funds. Our application process is simple, and you can have your cash advance in your bank within hours.
Get started on your application when you apply now for our Las Vegas car accident loans. Call our loan specialists at Silver Dollar Financial with questions or concerns, or fill out our online contact form. We will be in touch to discuss your concerns further.