When you have been seriously injured in a car crash along US 171 or I-12 in Louisiana, you have the right to be repaid for your damages when someone else is at fault. With help from an experienced car accident attorney, you can demand total compensation. Your advocate will handle the legalities of your case, but it may be some time before your case is resolved.
Thankfully, with help from our dedicated loan specialists at Silver Dollar Financial, you can get the financial support you need during some of the most trying times in your life. With our Louisiana car accident loans, you can get your costs covered now and start to rebuild your life. Contact us today or apply now to find out how much you could be authorized in pre-settlement legal funding after a car accident.
You Deserve Maximum Compensation
After being involved in a car accident, you have the right to be fully repaid for your damages. This is especially true if someone else is responsible for causing your injuries as there are multiple legal options that may be available. Some car accident victims file claims with the insurance company. Others settle outside of court or bring their car accident cases to trial.
In any case, with help from a car accident attorney, you can bring the at-fault party to justice. Sadly, recovering this compensation can prove substantially more challenging than many people realize. The insurance negotiation process can often take several weeks or months, depending on the complexities of your case.
In some instances, even after negotiating with the insurance company, there may be excess damages that require you to proceed with a car accident lawsuit. Some victims find themselves waiting several months or even years before they access the financial compensation they are entitled to. However, when you work with our loan specialists at Silver Dollar Financial, you can get a cash advance on your settlement funds.
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Factors Delaying Your Car Accident Settlement
Several factors can delay your car accident settlement. First, if the liable party has insurance coverage, it could take several months to obtain the compensation you deserve through the insurance company. Since Louisiana is a fault state for car accidents and insurance claims, you file a claim with the liable party’s insurance provider.
Not Enough Insurance Coverage
Unfortunately, many motorists are not prepared. Although they may have the mandatory amount of auto insurance coverage as required by Louisiana law, this may not be enough. The minimum auto insurance requirements in Louisiana are:
- $15,000 per person in bodily injury liability coverage
- $30,000 per accident in bodily injury liability coverage
- $25,000 per accident in property damage liability coverage
Motorists are under no legal obligation to purchase comprehensive, collision, gap insurance, rental car coverage, or uninsured or underinsured motorist coverage. If the driver that hit you does not have insurance or has only purchased the minimum amount required by law, an insurance settlement is not going to be enough to cover your losses in full.
You Are Partially Liable
Your case could take longer if you are partially responsible for causing the accident as well. Louisiana follows a pure comparative negligence system. If you are partially responsible for causing the accident, you should expect your settlement to be less than it would be if you did not.
Your payout will reflect a deduction that correlates with your portion of the blame. For example, if you were not wearing a seatbelt when your car was struck by a drunk driver, you might be found 5% at fault. This means you could only recover 95% of your settlement.
Why Taking Out a Personal Loan Is a Bad Idea
After being involved in a car accident, when you need to cover your expenses, you might be considering your options. One of the first options many victims consider is taking out a personal loan. However, when you fill out a loan application with your bank or credit union, you could wind up in more dire financial straits.
The financial institution is likely to charge you considerable interest and require you to start paying back the loan within weeks of dispersal. This means you could find yourself struggling financially once more, even after your personal loan funds come in.
As an alternative, car accident loans in Louisiana give you an opportunity to get an advance on your expected payout. Then, when your settlement funds come in, you can pay your loan back at a fixed interest rate, as Silver Dollar Financial never charges compound interest.
Spending Your Car Accident Pre-Settlement Funds
You can use your car accident loans however you need to. Unlike other types of loans and financial support, our pre-settlement legal funding for car accidents does not have any restrictions or limitations. This money is yours, and we are simply giving you a cash advance on it.
Some of the most common costs covered by car accident loans include:
- Rent and mortgage expenses
- Vehicle payments
- Health insurance premiums
- Extracurricular activities
- School supplies
- Utility expenses
- Internet and phone bills
- Life insurance premiums
- Homeowner’s or renter’s insurance costs
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How Car Accident Loan Repayment Works
One of the top benefits of our Louisiana car accident loans is the fact that you do not have to pay it back unless or until your car accident lawyer wins your case. If the insurance company refuses to settle your claim fairly or the jury does not return a verdict in your favor, Silver Dollar Financial will never make any collection attempts.
You are not responsible for paying back the loan if your lawyer does not win your case. This means you do not have to worry about the potential for wage garnishment or other debt collection efforts.
Contact Our Car Accident Loan Specialists in Louisiana for Help Today
When devastating car accident injuries have turned your life upside down, filing a claim with the insurance company and bringing your car accident case to trial may be the best way to access the financial compensation you are owed. In the meantime, you do not have to continue to struggle financially.
You can contact our loan specialists at Silver Dollar Financial to access our Louisiana car accident loans and take back control of your life. Prevent financial ruin with our pre-settlement legal funding for car accidents. Find out more about what you could be authorized for when you apply now, call our team, or complete our confidential contact form.