It’s no secret that motorcycle accidents in New York are expensive. The average American – who does not have at least $1,000 in their savings account – would not be financially able to seek compensation for their accident.
That is why there are practical options like pre-settlement funding. At Silver Dollar Financial, our team can teach you about the legal funding process and how it can help with your motorcycle accident. We can assist with the legal funding process at your convenience.
Applying for a New York Motorcycle Accident Loan
As a motorcycle accident victim, you have three years from the date of your accident to file a claim. If you miss your window of opportunity, you will not be able to seek compensation from the liable party.
Many reasons would prevent you from filing a motorcycle accident claim. One of the main factors is usually expenses. Motorcycle accident victims are too busy recovering from their injuries and trying to make a living to pursue compensation.
A motorcycle accident lawsuit loan would provide temporary financial relief. You could receive anywhere from $1,000 to $100,000 immediately. This temporary assistance can help cover the costs of your current expenses and allow you to focus on your case.
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How a New York Motorcycle Accident Loan Works
Legal funding allows you to borrow from the future settlement. The legal funding company you’re working with will examine your case and determine the likelihood of winning.
If the chances of winning are high, they will discuss an offer with you.
Your money will be issued through a non-recourse loan. That means that your finances will be rewarded to you under no obligation. You will not have to pay the loan back if you lose your case.
How to Apply for New York Motorcycle Accident Loans
The application process for a motorcycle accident settlement loan is simple. Silver Dollar Financial allows you to apply either online or through our telephone number.
Once the legal funding request is approved, you can receive your funds immediately. A majority of pre-settlement funding requests are approved and distributed within 24 hours.
Unlike traditional loans, a motorcycle accident settlement loan does not require a credit check. You can submit your application within minutes and receive your funds within hours.
How to Determine a New York Motorcycle Accident Loan Quote
When determining a motorcycle accident lawsuit loan amount, consider all aspects of your accident. There are several damages that you will have to be reimbursed for. Some of the factors to keep in mind are short-term and long-term expenses.
You may have to cover the costs of your medical expenses. In addition to medical costs, you may need financial assistance for lost wages and property damage.
You may also want to consider the long-term consequences of your motorcycle accident lawsuit loan. A lawsuit is unpredictable and may take a few weeks to a few years to resolve. If you’re not sure about a practical quote for your motorcycle accident loan, you can speak with someone from the legal funding company.
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Choosing a New York Motorcycle Accident Lawsuit Loan with a Low Interest Rate
You want to evaluate a New York motorcycle accident lawsuit loan through many factors.
If you win your motorcycle accident case, you may have to repay your motorcycle accident lawsuit loan with a portion of your compensation. Some legal funding companies provide motorcycle accident loans that compound interest.
This can lead to you being required to repay your loan significantly. If a motorcycle accident loan compounds interest, the interest rate rises over time. The interest rate offered at the beginning of your loan will be less than that at the end of your motorcycle accident case.
That means a significant portion of your compensation will go towards high-interest rates you may not have understood. You want to work with a legal funding company that offers simple interest rates. A simple interest rate means that the interest rate remains the same.
You don’t have to worry about hidden interest rate fees because the same interest rate will be applied throughout the loan.
Avoiding Suspicious New York Motorcycle Accident Loan Providers
You don’t want to apply with New York legal funding companies that will rush you into accepting a loan. Many people are not familiar with pre-settlement legal funding. They don’t know how the process works or what is required of them.
One of the major red flags is a legal funding company that rushes you through the application process. They are most likely rushing you to accept a motorcycle accident settlement loan with hidden fees. Do not complete the application if you cannot ask questions about the application process without feeling rushed.
Find Out How a New York Motorcycle Accident Loan Provider Helps Its Clients
The best New York motorcycle accident loan provider is transparent. The company does not try to squeeze in hidden fees without your knowledge. An experienced legal funding company also puts the needs of its customers first.
If you are concerned about the application process, a legal funding company should exercise every opportunity to help. A skilled motorcycle accident loan company should be interested in educating its clients. The more knowledgeable you are about the legal funding process, the more confident you’ll be moving forward.
A legal funding company should understand the pain points of its customers. Motorcycle accident victims will face unique challenges to win their motorcycle accident cases. You should work with a legal funding company that wants to go the extra mile for you.
Contact Silver Dollar Financial to Apply for a Motorcycle Accident Loan Today
Silver Dollar Financial is the top choice for New York motorcycle accident loans. We work diligently to review your case and offer a loan that makes sense to you. We are available around the clock to help you get the money you need for your case.
Contact us online to complete an application for pre-settlement funding today. You can have your funds in as little as 24 hours once approved.