If you are involved in a serious car accident, your life may feel like it is spinning out of control. You may have an injury that prevents you from working along with a stack of bills for your medical treatment. The financial pressure can feel overwhelming.
Fortunately, you may qualify for a car accident loan to help ease the burden. At Silver Dollar Financial, we offer car accident loans to those who have been injured due to another party’s negligence. We have helped countless accident victims get a loan to help cover their costs while they wait on compensation from the at-fault party.
Give us a call or fill out our online contact form to get started with your loan application today.
Closeup of a loan application form with glasses, a calculator, and a pen. Find out if a car accident loan in Maryland is right for you.
Am I Eligible for a Car Accident Loan in Maryland?
If you have been in a car accident that wasn’t your fault and suffered damages, you may be able to secure a car accident loan.
Eligibility for these loans is different from most other types of loans. Your credit score is irrelevant in the application process. The most important thing to the lending company is whether or not you are likely to recover compensation for your claim.
One way to increase your chances of getting approved for a car accident loan is to hire a personal injury lawyer to represent you as you attempt to recover compensation. Having a legal professional on your side will increase your odds of getting money from the liable party. Consequently, this will make the lender more likely to grant you the loan.
Is a Maryland Car Accident Loan Necessary?
Whether a car accident loan is necessary for your case will depend on a couple of factors. If your accident is minor, or you have a substantial amount of money in savings, you may not require a car accident loan. Otherwise, this might be your best option for getting the money you need to cover your expenses while you seek compensation.
While the long-term solution to financial problems created by a car accident is either going to be an insurance claim or a car accident lawsuit, it can take years to get this money, and a car accident loan can help hold you over while you wait.
Maryland Pre-Settlement Funding Can Help Cover All Your Expenses
A serious car accident will likely leave you with injuries and may force you to miss time at work. Fortunately, a car accident loan not only helps with medical treatment and property damage but can also enable you to cover any lost wages. You can use the money you receive to cover your everyday expenses, including:
- Housing costs
- Car payments
- Cell phone
The Lending Company Assumes All the Risk of Legal Funding in Maryland
When applying for a car accident loan, you don’t have to worry about the uncertainty that comes with many other loan applications. One of the greatest advantages of a car accident loan is that you don’t need to worry about making payments. You will not need to pay back any of the loan until you receive compensation from the at-fault party.
If you do not end up recovering compensation, you don’t owe the lending company a penny. A car accident loan will not leave you worse off if you don’t collect. In fact, it will at least assure that you get as much as the loan money to pay for your car accident costs.
Because the lending company is taking on all of the risks with a car accident loan, your application will likely only be approved if you have a strong case.
Applying for Pre-Settlement Funding in Maryland Is Quick & Easy
The process of applying for a car accident loan is quite simple. At Silver Dollar Financial, all we require is some basic information about you and your accident case. After receiving your application, we will review it, and you could be approved in as little as 24 hours.
If your application is approved, you could receive a loan of up to $100,000. It is free to apply, so fill out our online application form today.
A Maryland Car Accident Loan Can Protect You Against Insurance Companies
Insurance companies are notorious for doing everything they can to avoid paying out claims. When they can’t outright deny an insurance claim, they will do everything in their power to undervalue it. One of the tactics they use to pay out as little as possible is to approach the claimant with a settlement offer as soon as possible after an accident.
Immediately after an accident, you may still be in shock and are likely highly concerned about your financial situation if you have suffered serious injuries that will cause you to miss time from work. The insurance companies take advantage of your momentary desperation by offering what may seem like a lifeline at the time.
They will offer you a settlement that will help pay the bills you face at the moment but will do nothing to cover any of your future costs associated with the accident. Taking the deal will result in you waiving your right to pursue further compensation and can put you in an even worse legal situation.
A car accident loan, on the other hand, can help you to cover your immediate expenses, while leaving you free to pursue the full value of your claim.
Don’t Wait to Apply for a Car Accident Loan in Maryland
At Silver Dollar Financial, we have helped countless car accident victims get a loan to cover their expenses after an accident. Give us a call or fill out our online application to get started with your car accident loan today.