After a car accident, your whole life can be turned upside down. In addition to the traumatic event itself, you may be facing a serious injury and an inability to work. This can leave you feeling a heavy burden, and the potential financial implications can add stress that you really don’t need.
Fortunately, a car accident loan can help you pay your bills while you await compensation from the liable party. At Silver Dollar Financial, we have helped countless people get the money they need to sustain themselves after a car accident. After you apply, we will review your situation, and if you qualify, your loan may be approved in as little as 24 hours.
A rubber stamp that reads “loan approved.” Find out if you qualify for a car accident loan in Mississippi.
Why Do I Need a Mississippi Car Accident Loan?
Car accident loans aren’t necessary for all situations after a collision. However, if you suffered serious injuries and do not have unlimited funds, they can certainly come in handy. For the long-term, you need to pursue compensation through an insurance claim or a lawsuit against the liable party. However, it can often take months or even years to recover damages.
In the meantime, a car accident loan can help you pay all your bills and protect you from a difficult financial situation. The money you receive through a car accident loan serves as a placeholder until your case is settled.
How Is Eligibility for a Car Accident Loan in Mississippi Determined?
Assessing eligibility for a car accident loan is different from most other types of loans. The lending company will not check your credit score to determine whether or not to offer you a loan. Instead, they look at the details of your car accident case and the likelihood that you will recover compensation.
Beyond the specifics of your case, the lender will look at whether or not you have hired a car accident lawyer to represent you. You are far more likely to secure a loan if you have a legal professional on your side.
Those who attempt to recover compensation with the help of an attorney are far more likely to succeed than those who try to go it alone. As such, the lender views them as a safer bet when considering whether to offer a loan.
What Is the Process for Applying for Pre-Settlement Funding in Mississippi?
Applying for a car accident loan with Silver Dollar Financial is quick and easy. All you need to do is submit a few details about yourself and your car accident case, and you are underway. We will review your case and if you qualify, you could be approved in as little as 24 hours.
If approved, you will receive a car accident loan of up to $100,000 to help you cover your expenses while you await compensation from the liable party.
Expenses Covered by Mississippi Legal Funding
A car accident loan can help you with all of the financial obligations you face after a crash. This can include helping you to pay for your medical treatment, as well as any property damage you suffered in the accident. A car accident loan can also help with your everyday expenses if your injury forces you to miss work. These expenses may include:
- Rent or Mortgage
- Car payments
A Car Accident Loan in Mississippi Can Protect You After a Crash
Shortly after a car accident, you are likely to be in a vulnerable state. You may face a serious injury and an inability to return to work. Meanwhile, the hospital may be sticking you with a significant bill for treatment. In this situation, many people begin to despair.
Insurance companies are aware of this and often try to take advantage. They will jump in when you are at your most desperate and wave a check in your face. These companies will try to frame themselves as the good guys coming to the rescue, but really they are just protecting their bottom line.
If you accept an offer from the insurance company, you are waiving your right to pursue further compensation. While the money you are being offered may seem like a lot in the moment, it is likely only a small fraction of the true value of your claim.
By taking out a car accident loan instead, you can get the financial relief you need, without selling out your future. A loan can help you cover your bills while you pursue fair compensation for your damages. This gives you the ability to see your case all the way through to trial if necessary.
Applying for a Mississippi Car Accident Loan Is Risk-Free
Applying for a loan can often make people nervous. They wonder what they will do if they can’t afford to make their payments. Fortunately, this is not a concern with a car accident loan. You won’t have to pay the lending company a penny until you receive a payout from the liable party. When you do pay back the loan, it comes directly out of the money you receive.
You will never pay a penny out of pocket.
If you don’t receive compensation, your obligation to repay the loan disappears. The lending company will only receive repayment if you collect. They assume all of the risks. Because of this, the lending company will only approve your loan if they think your case is a winner.
Don’t Hesitate to Apply for Mississippi Pre-Settlement Funding Today
The sooner you can get money after a car accident, the better. Knowing you can afford to pay your bills will relieve a lot of stress which will help you to heal from your injuries more quickly. At Silver Dollar Financial, our customer testimonials say it all. Contact us today to apply for a car accident loan for free.
Simply give us a call or fill out our online loan application to get started today.