Nevada car crash victims may be eligible for a low-interest cash advance on their settlement. A Nevada auto accident loan from Silver Dollar Financial is the solution many plaintiffs have been looking for when they are in need of money due to substantial debt incurred from an injury accident.
This legal funding provides an instant source of cash for living expenses and helps plaintiffs in car accident cases to recover their compensation before the case is won. There is no risk to personal credit scores, no monthly payments, and no obligation to repay if you lose your case.
What Is a Car Accident Loan? Is It Different From a Cash Advance or Pre-Settlement Funding?
Settlement loans, lawsuit loans, and legal funding cash advances use a variety of names. They all refer to the money that is provided from a legal funding company to people involved in cases that are likely to result in a settlement.
These cases can take months or years to reach a conclusion, so accident loans provide them a means to borrow money against their settlement in advance. A car accident loan allows people to apply without charge or credit inquiries because the funds are secured with the collateral of a future settlement.
There are no monthly payments to worry about, and absolutely no risk to your personal credit or property. If your case is lost, you owe us absolutely nothing.
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What Kind of Interest Rates Are Charged on Pre-Settlement Loans?
Our interest rates are set up front and typically in the single-digit range. There are no hidden fees and no compounding interest rates involved in our car accident loans in Nevada. All legal funding companies will draft an agreement and there will be interest charged.
Unfortunately, disreputable lenders will take advantage of your situation if you do not use the proper caution when reviewing your agreement. It is important to avoid compound interest rates, which essentially charge interest upon your interest and can drain your settlement quickly. Be on the lookout for hidden fees and surprise charges that were not explained to you.
If you have concerns or questions, don’t be afraid to ask until the issue is clarified for you. If the lending agent isn’t willing to explain the terms to your understanding or simply fails to respond to calls or emails, it’s better to seek funding elsewhere.
Qualifying for a Car Accident Loan in Nevada
Car accident loans have a relatively fast application approval process, often bringing financial help to people with immediate needs. The process of application review, approval, and funding can sometimes take as little as 24-48 hours.
A bank loan differs from settlement loans in several ways. Banks and credit unions only offer traditional loans, which take much more time to approve and fund. Traditional bank loans rely on your credit and job history to establish your ability to repay and gain loan approval. Qualifying for a pre-settlement loan doesn’t require inquiries into your credit or job history.
Bank loans require payment monthly, and if you are already behind on finances or cannot return to work soon, it’s just not practical to add another monthly expense right now. Accident loans are strictly repaid when the case is concluded, directly from the settlement.
Is My Accident Eligible for a Settlement Loan?
We fund all kinds of accidents and will be happy to address your specific questions. In general, lawsuit lending companies bear all the risk for accident loans, so the strength of your case is what determines your eligibility. Placement of liability, the other entity’s insurance, and the medical aspects are some of the considerations taken into account.
After you submit some general information and the contact info of your lawyer, the approval team will gather facts about your case from your attorney. The bulk of the work is done by our lending team and your lawyer. We review the case with your lawyer to establish a reasonable amount that your case should pay.
Upon approval of your Nevada car accident loan, we offer a contract to you and your attorney for review. The loan agreement is then signed and the money will be sent directly to you or your bank account.
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Why Silver Dollar Financial Is the Best Choice for Car Accident Loans
Silver Dollar is committed to providing transparent, ethical lending in a sea of predators. Our company was founded on the principles of responsibility, respect, and empowerment. We remain steadfastly committed to treating you the way we would expect our family to be treated.
Our founders created this service because they wanted to offer a sense of control to accident victims facing difficult financial situations. Our goal is to relieve you of the feeling of helplessness that follows an accident and restore your power to fight for the best possible outcome.
We are committed to:
- Low, simple interest rates
- Transparent application process
- Clear, understandable lending agreements
- Efficiency and compassion in our service to everyone
Apply Today for Funding With a Nevada Car Accident Loan
We are available around the clock and will work hard to offer terms that are reasonable for you and your case. With a Nevada car accident loan, you can have the financial resources to fight for the full award from your settlement and find relief from financial pressure.
Our approval process typically takes 24-48 hours and funding usually happens within that time frame. The application process and contracts are transparent, meaning there are no surprises and no hidden fees. Silver Dollar Financial will expedite the approval process so that you can get legal funding and take back your control.