After a New York car accident, you suffer excruciating injuries and get legal associates from a lawyer. You hope you will get compensation from your personal injury lawsuit, but it is taking longer than expected. Getting money for your losses should be straightforward, but it is full of delays and uncooperative insurance companies.
When you have a viable case, your lawyer works diligently to represent you, but that does not resolve your immediate financial woes. While your attorney is working to find evidence and negotiate a settlement, you need financial support. You can review your legal loan options with Silver Dollar Financial.
Lawsuits Are Costly
The lawsuit process, from meeting with an attorney to getting a judgment, can take months or years, depending on the complexities of your claim. The longer your lawsuit takes, the more expense you will incur.
Your medical bills are only the beginning. You also have to contend with your everyday expenses. If you cannot work, that becomes an impossible task.
When your case is in litigation, your attorney prepares you for trial, but nine out of ten personal injury cases resolve before trial. The litigation process involves insurance companies and lawyers fighting back and forth and finding ways to cause delays. They count on these delays causing hardships to pay you less than your case worth.
You depend on the settlement payment to pay for your losses, and the longer it takes, the worse off you are.
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When Should You File a Lawsuit?
It is common for your lawyer to file a lawsuit for car accidents in particular circumstances. The main reason you must file a lawsuit is that you have a serious or debilitating injury. Car insurance policies have limits, and your permanent injury will likely surpass these limits.
However, when you file a lawsuit, you can recover sufficient compensation for your losses.
Another instance when you should file a lawsuit is when you suffer an injury on public property like a park. Injuries sustained in restaurants and retail stores and properly licensed for public use also make you a candidate for a personal injury lawsuit. Determining when to move into litigation will depend on your attorney.
What You Need for a Car Accident Loan
One thing to note about car accident loans in NYC is that the terminology is misleading. These loans are known as pre-settlement funding, which means you are getting a portion of your potential settlement now instead of at case resolution. Silver Dollar Financial will recover the money we give you at case resolution.
So, what do you need to qualify for car accident loans in New York City?
To qualify for pre-settlement funding in NYC, you must be an accident victim, and you must have a personal injury lawyer representing you. When it is time to pay back your loan, your lawyer will issue SIlver Dollar Financial the payment after they take their fees and pay your medical expenses. That is all you need, and a Silver Dollar Financial representative will handle the rest and inform you of your options once you submit your application.
Applying for Car Accident Loans in New York City
When you apply for a legal loan, your account manager will ask you for information regarding your accident, injuries, lawyer, and you. Silver Dollar Financial will discuss your case merit and the potential settlement amount with your lawyer. We will use the information to determine if you qualify and for how much.
Your application is contingent on the probability that you will have a substantial outcome.
Apply Now for Pre-Settlement Funding
You Get Your Money Fast
Once we approve your loan and you sign your funding agreement, we will begin the bank transfer. Silver Dollar Financial can also send an overnight check. Once you receive your money, you can pay for expenses like your mortgage, utilities, car payments, groceries, and more.
You are not confined to what you can use the money on except your legal expenses and investments.
Car Accidents Loans Are No-Risk
Car accident victims in New York City do not assume any risk when they take out a car accident loan. The car accident loan company assumes the risk because there is no guarantee of success for your claim. A trial is unpredictable, and you can lose your case.
If that happens, you have no obligation to pay us back since we get repayment from your settlement. Any associated fees and interest will also come from your payment. Within your funding agreement, a section outlines what happens when you get your compensation and what happens if you do not get a judgment.
Car Accident Loans in NYC Can Get You a Larger Settlement
When you apply for pre-settlement funding, you want to get your money fast, but how much you get will depend on certain factors. Your car accident lawsuit will harp on the severity of your injuries so will your New York car accident loan. The larger your potential settlement, the larger your legal loan.
Another benefit of pre-settlement funding is you can get a larger settlement. Your lawyer needs time to work for appropriate payment, and you need finances to get you by during this time. Many car accidents can take two to three years to resolve, and without employment, it is easy to give in to an insufficient settlement offer.
Insurance companies will take advantage of needy victims and prolong the process. You can avoid settling for less by getting pre-settlement funding.
Discuss Your Pre-Settlement Options with Silver Dollar Financial
When you’re running out of money, and your settlement seems far away, you must look for other financial options. Pre-settlement funding is an excellent option to provide you with financial ease and peace of mind. The dedicated Silver Dollar Financial team can discuss your funding options and review your application.
Silver Dollar Financial has a straightforward application and disbursement process. We want to get you the money you need fast. Your initial application can take a couple of minutes, and once you sign your funding agreement, we can disburse your funds within 24 hours.
Start your application online or by calling Silver Dollar Financial and speaking to a representative.