A car accident can put you in a difficult position. You may be facing expensive medical bills and an injury that prevents you from working. While you will likely receive some form of compensation if another party was at fault for your accident, you will probably have to wait a while until you receive this money.
A car accident loan can help you get the money you need now. Contact Silver Dollar Financial to apply for a car accident loan today. Simply give us a call or fill out our online application form to get started today.
Is a Car Accident Loan in North Carolina Necessary?
A car accident loan may not be necessary for every instance. For a minor accident that doesn’t result in injuries and only requires simple repair work to your vehicle, you can likely wait for an insurance payout. You also may be able to avoid taking out a loan if you have substantial savings and can afford to keep up with all your bills as well as medical expenses while you are out of work.
However, in many situations, a car accident loan is the best way for accident victims to maintain financial stability while they wait for their case to settle. It can often take months or even years to recover compensation after a car accident. A car accident loan can help bridge the gap between the time of your accident and when you receive a payout.
This can allow you to live your life freely, without constant financial strain until your case has settled and you can fully move on from the crash.
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What Is the Process for Applying for a North Carolina Car Accident Loan?
Applying for a car accident loan with Silver Dollar Financial is quick and easy. All you need to do is provide us with a little information about yourself and your case, and we will take it from there. We will review the details of your situation, and your loan may be approved in as little as 24 hours.
If your application is approved, you can receive a loan of up to $100,000 to help you cover your costs while you wait for compensation from the at-fault party.
Who Is Eligible to Receive Pre-Settlement Funding in North Carolina?
Eligibility for a car accident loan is not determined in the same manner as most other types of loans. Instead of looking at your credit score, the lending company will focus on the details of your case. If they determine that you have a high likelihood of recovering compensation, they will approve your loan.
Whether or not you have hired a personal injury attorney will play a significant role in the loan application review process. Hiring a lawyer will greatly increase your odds of being approved. Those who work with a legal professional have a much higher chance of recovering compensation, so the likelihood of receiving a loan increases proportionately.
How North Carolina Pre-Settlement Funding Can Protect You Against the Insurance Company
Insurance companies will use every trick in the book to deny a claim or significantly undervalue it. One of these tactics is to approach accident victims when they are at their most vulnerable. Right after an accident, you might be dealing with injuries and uncertainty about when you’ll be able to return to work and how you’ll pay for medical treatment, along with your other expenses.
Insurance companies will often take advantage of this situation by posing as the good guys coming to the rescue with a settlement offer. While the amount of money they are offering might seem like a lot in the moment, it is likely only a small fraction of the true value of your claim.
Taking the deal can leave you without the money to pay your long-term medical costs and with no options for recovering further compensation.
Applying for a car accident loan can relieve your immediate financial worries without hurting you in the long run. You can continue to pursue compensation and see your case all the way through to a trial if that is what it takes to get the money you deserve.
Apply Now for Pre-Settlement Funding
Expenses Covered by North Carolina Legal Funding
A car accident loan can help you pay for any expenses that arise, as a result of your accident. You can use this loan to cover your medical treatment along with any repair costs for property damage. You can also spend the money to cover every day costs if you have suffered injuries that force you to miss time from work. These expenses can include things like:
- Rent or Mortgage
- Car payments
- Phone and internet bills
You Can Apply for Legal Funding in North Carolina Risk-Free
When applying for a car accident loan, you don’t have to be concerned about whether or not you will be able to make payments on the loan. Car accident loans are handled differently. You won’t have to repay a cent until you receive damages. At that point, the money will be taken directly from your compensation package. You never pay the lender anything out of pocket.
In the rare case where compensation is not recovered, there is no need to worry. You will not have to repay the loan. Instead, the lending company will take the hit. Because the lenders are the ones assuming all of the risks with these loans, you will only be approved if they feel that your case is strong and the chances of your recovering compensation are near 100%.
Apply for a North Carolina Auto Accident Loan Today
Contact Silver Dollar Financial to apply for a car accident loan for free. We have helped countless individuals get the money they need to hold them over until they receive a payout after an accident. Give us a call or fill out our online loan application to get started today.