If you were hurt in a serious auto accident in Massachusetts and need cash now to pay your expenses, Silver Dollar Financial can provide non-recourse legal funding for you. Many accident victims are impacted financially by the loss of wages, medical costs, and other expenses resulting from a crash.
The settlement process takes longer than most people can afford to wait. Unable to meet their expenses, accident victims may face damaged credit ratings, untreated medical problems, or even evictions or foreclosures. Financial assistance from a car accident settlement loan gives them the opportunity to afford these expenses and the opportunity to keep fighting.
You May Qualify for a Car Accident Loan in Massachusetts
If you were the victim of a car wreck and have retained an attorney to represent you as the plaintiff in a case, you are already pre-qualified for pre-settlement funding. If you have a valid claim against another party involved in the accident, it is worth your time to fill out a free application to see what options are available to you.
While every case and every situation is different, we will assess the variables to get funding approved as quickly as possible. The limits of the insurance policies involved, the extent of the damages and injuries, and who is at fault will be evaluated.
Our team is knowledgeable and will work diligently to serve you. Some cases we regularly fund include:
- Car Accidents
- Bicycle Accidents
- Bus Accidents
- Motorcycle Accidents
- Passenger Accidents
- Pedestrian Accidents
- Tire/ Brake/ Equipment Failure Accident
- Tractor Trailer/ Semi-Truck Accidents
- Uber/Lyft Accidents
Why Take a Car Accident Loan Pre-settlement Advance on Your Lawsuit?
Cases can take months and even years to settle, depending on various factors. In the event you are severely injured and can’t work as you normally do, the financial pressure can become too much to handle. Taking advantage of a Massachusetts auto accident loan can make a meaningful difference in your life when things are so unsettled.
Most accident victims take out a loan against their settlement to simply make ends meet and have a source of funding to pay their expenses as they wait for the settlement to conclude. Expenses that often fall into arrears may include:
- Mortgage payments
- Monthly utility bills
- Medical costs insurance does not cover
Auto Accident Loans Give You Leverage Against the Insurance Company
Aside from the obvious benefit of having money to pay for monthly bills, having this funding available allows you more flexibility. The insurance company is more than happy to drag their feet and make bad offers for as long as the law will allow.
Insurers are aware that car accident victims have bills to pay, plus the added costs that come with being injured in a collision and having your car damaged. Their delaying tactics often force the plaintiff to accept a lower value offer than they deserve. When you take advantage of pre-settlement funding, you buy yourself extra time and breathing room to fight for the full settlement amount you deserve.
How a Massachusetts Car Accident Loan Works
Pre-settlement lawsuit funding can provide essential cash to people without any risk to their credit and without adding another monthly bill. Unlike a credit card, there is no liability to your personal finances, no need to pay it back if your case is lost, and no risk to your credit score since the lender is paid directly from the settlement funds.
There are no hidden fees and no compounding interest rates. Our interest rates are clearly defined up front and typically in the single-digit range. Our interest rates are set in your loan contract as non-recourse, with simple interest.
Information About Interest Rates for Settlement Loans in Massachusetts
A reputable lender should respond promptly and be happy to address any questions you have without pressuring you to sign. Conversely, avoid lenders who:
- Don’t respond clearly to your questions
- Charge you money upfront
- Issue compounding interest rates
- Hide surprise fees in your settlement loan contract
The interest you pay on any auto accident loan should never be compounded. Compounding interest will deplete the balance of your settlement check before it ever reaches your hands, even if you only borrow a small amount.
Can My Lawyer Review My Car Accident Loan Agreement?
Absolutely. As a matter of fact, we reach out to your attorney for information about your case. Then, following our review process, we offer you an amount and send the contract to your lawyer for their review and signature. After your attorney approves, we collect your signature and the money is sent directly to you.
Begin the Application for Your Pre-settlement Funding Today
Apply today online or call Silver Dollar Financial to learn more about a cash advance car accident loan in Massachusetts. We are available 24/7 to answer any questions and will be happy to review your case.
Our company was founded to assist injured accident victims with ethical, transparent lending practices. We are committed to integrity in our business, and treating every customer with courtesy and respect.