Life can be difficult following a Long Beach, California car accident. You can face medical bills and other accident-related expenses and be forced to pay them on your own, even if someone else caused the incident. Fortunately, with a Long Beach car accident loan, you can receive short-term financial relief.
Silver Dollar Financial can teach you everything you want to know about car accident loans in Long Beach. To get started, reach out to us. Our pre-settlement funding specialists can help you get an auto accident loan.
How to Respond to a Car Accident in Long Beach
The U.S. Department of Transportation estimates that the annual economic cost of motor-vehicle crashes in the United States totals $340 billion. With an appropriate response to an auto accident in Long Beach, you can keep the costs associated with the incident to a minimum. Plus, you can seek compensation from anyone responsible for the accident.
If you are involved in a car accident in Long Beach caused by a negligent driver, call 911. Report the accident to the police and get medical care for any injuries you have incurred. Also, contact an attorney so you can take the initial step to pursue compensation from the at-fault party.
Silver Dollar Financial can provide you with a lawsuit loan based on your auto accident case. For more information, get in touch with us. We can explain the pre-settlement funding process and help you complete it.
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Why It Is in Your Best Interest to Consider a Long Beach Car Accident Loan
You can conduct an extensive search for funding after your Long Beach auto accident. Even though it may be tempting to get a personal loan, doing so can be problematic. To understand why, consider the process for requesting a personal loan.
Initially, you can submit a request for a personal loan to a bank or credit union, and it may take days or weeks to get a response. If a bank or credit union approves your request, it will provide you with terms and conditions for your loan. Once you agree to these terms and conditions, you get your money and will need to pay off your loan over a set amount of time.
On the other hand, with an auto accident loan, you can submit a request in just a matter of minutes. After your car accident loan is approved and you accept your quote, you can get your money in as little as 24 hours. Perhaps best of all, you do not need to repay your car accident funding if you lose your case.
What It Means for Auto Accident Pre-Settlement Funding in Long Beach to Be Non-Recourse
Car accident pre-settlement funding in Long Beach is non-recourse, which means it is contingent on the result of your case. Ideally, you will win or settle your case, get a settlement, and pay back your auto accident loan. Conversely, the legal system offers no guarantees, but a pre-settlement funding company accounts for this when they approve your loan request.
With a pre-settlement loan, you take no risk. Instead, a pre-settlement funding company takes all of the risks, as it will be held responsible for your loan amount if you lose your case. In this situation, your lawsuit loan company covers the amount of your loan.
If you lose your auto accident case, you keep the money that your pre-settlement funding company previously gave to you. Your lawyer notifies this company and lets them know about the result of your case. The company then clears your lawsuit loan balance.
How You Can Submit an Application for Long Beach Car Accident Pre-Settlement Funding
You can request pre-settlement funding at any point after you file your Long Beach car accident lawsuit. There is no telling how long it may take to resolve your auto accident case. Regardless, you can ask for and receive pre-settlement funding right away.
A lawsuit loan company offers a fast and seamless pre-settlement funding application process. You will need to share information about yourself and your car accident case. Conversely, you do not need to provide details about your credit score or income history.
After a pre-settlement funding company reviews your application, it provides you with a lawsuit loan quote. You have the opportunity to review the quote and the interest rate associated with it. If you have questions about the quote, a lawsuit loan specialist can answer them.
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What to Expect with Your Long Beach Auto Accident Loan After Your Case Is Resolved
Your car accident case will eventually end, and you will find out if you will receive a settlement. At the conclusion of your case, paying back your pre-settlement funding depends on whether you are given compensation. If so, only then will you need to repay your car accident pre-settlement loan.
In instances where a plaintiff is awarded compensation in a car accident case, they receive a settlement check. If you previously secured auto accident pre-settlement funding, your attorney deducts what you owe for your loan from your settlement. Your lawyer then pays your auto accident loan company, and you get the remaining amount of your settlement.
If you lose your car accident case, your attorney lets your pre-settlement funding company know the result. You may be stressed out that you have to pay back your pre-settlement loan. Thankfully, your pre-settlement funding company covers your lawsuit loan balance, and you can move forward from your litigation.
What to Look for in a Long Beach Car Accident Loan Company
It is important to select a Long Beach auto accident loan company with a sterling reputation. The company likely has received positive feedback from past clients. Also, the business prioritizes customer satisfaction in all that it does.
In addition, you should talk to a pre-settlement funding company about its auto accident loan options. This gives you an opportunity to learn what the company can offer. If you believe the company can fulfill your loan request, you can get started on your request for pre-settlement funding.
Silver Dollar Financial is a Long Beach car accident pre-settlement funding company that is happy to help you in any way we can. Please contact us today for details about our auto accident lawsuit loan options.