Securing pre-settlement funding for your accident can be a critical turning point. The aftermath of a car accident can be devastating financially and physically, and it can impact your mental health. If you are feeling like everything has been turned upside down, you are not alone.
Many car accident victims need a financial lifeline to get everything back in order at some point during their case. Legal funding can be the help you are looking for. Car accident loans in Montana from Silver Dollar Financial are non-recourse cash advances against your settlement.
Pre-Settlement Car Accident Loan Funding FAQ
If you are wondering about accident loans in Montana, here is a list of our most frequently asked questions. If you do not see your question answered here, please reach out to us.
What if I Can’t Repay a Car Accident Loan?
Auto accident loans from Silver Dollar Financial are non-recourse loans, which means they need not be repaid if the case is lost. The settlement is your collateral and the funds are collected after the case has been settled.
If you lose your case, that’s it. No collectors will call, and no liens will be placed on your home, car, or otherwise. We base our loan on the value of the future settlement and assume the risk entirely.
How Does an Accident Settlement Loan Work?
Car accident loans in Montana are available to people who have been injured in an auto accident, have an active case against another insured party, and are over the age of 18. The specific details of the case will be reviewed with your attorney to determine a conservative estimate of the case value.
An offer is made, and interest is calculated based on the length of time projected for the case to settle and the potential amount of the settlement. Most lenders offer between 10 and 20% of the case value. Once the loan contract is signed and reviewed by you and your attorney, the money is sent directly to you. When the case is resolved, repayment is taken from the settlement.
Is a Lawsuit Loan Right for My Situation?
Pre-settlement funding is a lifesaver if you can’t work or the bills have become so overwhelming that you need help fast before the damage to your situation becomes worse. An accident loan can provide necessary funds when you need to support yourself or your family.
Lawsuit loans can also help you buy time when the insurance company is lowballing and undervaluing your settlement.
Interest is charged until the case has settled, so this is not a wise option for spending frivolously. If you are able to wait the case out and have money for necessities, a lawsuit loan may not be practical.
How Much Will I Be Charged for a Montana Car Accident Loan?
There are unscrupulous lenders to be wary of. Shady lending can involve compound interest rates, undisclosed fees, and confusing contracts that can easily remove a large chunk of your settlement check even if you only borrow a minimal amount.
Our interest rates are typically in the single-digit range for pre-settlement funding. We only charge simple interest rates on our loans. Rates are defined clearly in the loan agreement and we do not hide surprise fees or couch our contracts with unintelligible language.
Our company is steadfastly committed to ethical lending practices.
How Can I Use an Accident Settlement Loan?
Montana car accident loans offer financial help for accident victims when they need it the most. This money can be used for anything you decide. Most plaintiffs use the money to pay daily living expenses and catch up on late payment obligations.
Past plaintiffs have used the money for:
- Bill and rent payments – Mortgages, rent payments, utilities, and phone can be kept current with pre-settlement funding.
- Daily living expenses – A car accident loan provides the funds you need for groceries and other daily living costs.
- Medical costs – Paying for prescriptions, co-payments, or treatments can be covered with an auto accident loan.
In addition to covering living expenses, the auto accident loan buys peace of mind and stability so you can recover from your injuries and shift your focus to fighting your case.
Click to contact the Silver Dollar Financial Team today or Call +1(844)871-0628
Secure a Bigger Settlement With a Car Accident Loan
The insurance company’s only job is to pay you as little as they have to. It is common practice to use time as a weapon to force the plaintiff to accept an undervalued settlement offer. By employing stalling tactics and filing unnecessary requests to the court, it backs the plaintiff into a corner financially.
When you secure pre-settlement funding, It buys your attorney the time needed to combat the defendant’s insurance company. It can ultimately enable you to hang on and reject lowball offers and fight for the full amount of your settlement.
Most Types of Auto Accidents Are Eligible for a Car Accident Loan
If you are wondering if your accident is eligible for a car accident loan in Montana, here is a brief list of examples of the kinds of cases we regularly work with:
- Bike accidents
- Bus accidents
- Commercial vehicle accidents
- Dangerous highway condition accidents
- Equipment, brake, and tire failure accidents
- Head-on collisions
- Hit-and-run accidents
- Motorcycle accidents
- Parking lot accidents
- Pedestrian accidents
- Rear-end collisions
- Semi-truck/tractor-trailer accidents
If you have questions about your particular situation, don’t hesitate to contact us. Our friendly and knowledgeable team will be able to assist you.
Contact Us for a Montana Car Accident Loan Today
The team at Silver Dollar Financial can help you secure funding and answer any questions. It is free of charge to apply, so there is no risk to you. We are committed to respectful, ethical, transparent lending, and promise:
- No win, no repayment, non-recourse loans
- No monthly payments
- No credit or job history checks
- No compound interest
- No hidden or surprise fees
Learn how to reclaim control over your circumstances with an auto accident loan today. To find out more, contact our office by phone or Apply Now. A Montana car accident loan against your settlement can eliminate financial stress and keep you afloat while your case progresses.