A Louisville car accident loan offers many benefits. First, the loan provides a car accident victim with money that can be used to cover medical expenses and other costs. In addition, the loan helps auto accident victims proceed with their personal injury cases without financial stress.
At Silver Dollar Financial, we can teach you anything you want to know about Louisville car accident loans. Our pre-settlement funding specialists can share information about various car accident loan options. We can help you find an auto accident loan that meets your requirements.
How to Determine if You Qualify for a Louisville Car Accident Loan
In order to obtain a lawsuit settlement loan in Louisville, an individual must be involved in a personal injury case. For example, an individual may have been struck by a negligent motorist and suffered damages. In this scenario, a person can file a personal injury lawsuit and pursue a car accident loan.
Also, an individual must hire an attorney before pursuing a car accident loan in Louisville. The attorney can help this individual win their personal injury case. At the same time, the lawyer will keep in contact with the plaintiff’s lawsuit loan company throughout the duration of their litigation.
There are no credit score requirements to obtain a Louisville car accident loan. An individual does not need to provide information about their personal finances as part of the auto accident loan application process, either. Rather, an individual can submit a lawsuit loan application at any time and receive a response to it within 24 hours.
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How the Louisville Auto Accident Loan Application Process Works
The Louisville auto accident pre-settlement funding application process can be completed in minutes. There are three steps in this process:
- Go online to access the application. An individual can view a lawsuit loan application on an internet-connected computer or mobile device 24/7.
- Complete the application. An individual can provide their contact information and details about their auto accident case.
- Await a response. A lawsuit loan company reviews an application and gives an individual a personalized pre-settlement funding quote.
Once an individual accepts a lawsuit loan quote, their pre-settlement funding is finalized. At this point, the lawsuit loan company sends a check for the full pre-settlement funding amount. The loan applicant can cash the check and start using their pre-settlement funding without restriction.
What to Expect After an Individual Gets Their Louisville Car Accident Loan
Louisville car accident loans give recipients the flexibility to spend their money however they choose. Many people use their lawsuit loans to cover medical costs relating to their car accidents. Some individuals create budgets to help them manage their pre-settlement funding for the months and years to come.
If a Louisville car accident victim’s personal injury lawsuit is successful, this individual is awarded damages. From here, an accident victim who received a lawsuit loan will need to pay it back. The victim’s lawyer handles lawsuit loan repayment and deducts the outstanding pre-settlement funding amount from any damages that were awarded.
Comparatively, a Louisville auto accident victim may lose their personal injury case. If this happens, the victim is awarded no damages. The victim also does not need to repay their lawsuit loan at this time.
Why Louisville Car Accident Loans do Not Always Have to Be Repaid
Louisville car accident pre-settlement funding is considered a non-recourse loan. Pre-settlement funding differs from a traditional loan since money is provided to an individual based on the expected result of their personal injury case. Yet, if a plaintiff’s personal injury case does not deliver the expected result, this individual is not held responsible.
With a non-recourse loan, an individual is given a set amount of money from a pre-settlement funding company. The loan requires the pre-settlement funding company to take 100% responsibility for repayment if the plaintiff’s case is unsuccessful. Thus, the plaintiff in a Louisville car accident case may not be awarded damages and not be required to pay back their lawsuit loan.
If a Louisville car accident victim gets a lawsuit loan but loses their case, this individual’s attorney notifies the pre-settlement funding company. The lawyer ensures the pre-settlement funding company does not hold their client responsible for repaying the loan. This attorney ensures their client can move past their litigation.
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How to Evaluate Louisville Car Accident Loan Options
Many Louisville car accident loan options are available, and selecting the right one can be difficult. As such, a car accident victim must pay attention to any lawsuit loan proposals that come their way. This allows an auto accident victim to choose a lawsuit loan that delivers great value.
Identify a Louisville auto accident loan company with many years of experience. This company gives anyone in search of a car accident loan the information they need. It empowers individuals to make informed decisions about auto accident pre-settlement funding.
Take as much time as needed to choose an auto accident loan company in Louisville. It may seem tough to distinguish the top Louisville pre-settlement funding company at first. By performing an in-depth evaluation of a Louisville lawsuit loan company, an individual can decide if this business is the right choice.
Louisville Auto Accident Pre-Settlement Funding Is Readily Available
A Louisville car accident can compromise a person’s finances. It can result in an injury that hinders an individual’s ability to work. To treat this injury, an individual may require expensive medical treatments that can further push their budget into the red.
Thanks to a Louisville auto accident loan, an individual can get immediate financial assistance. The loan allows a car accident victim to get $1,000 or more in days. It only needs to be repaid if a car accident victim is awarded damages in their personal injury case.
It can be beneficial to speak with a pre-settlement funding company about Louisville auto accident loans. This company has courteous, knowledgeable lawsuit loan specialists on staff. These specialists can respond to any concerns or questions a person has about auto accident loans in Louisville.
Get Help with Louisville Car Accident Loans Today
Silver Dollar Financial offers the best Louisville car accident loans. Our team can guide you through the process of getting an auto accident loan in Louisville. To learn more, please contact us today.