A serious car accident can have lifelong repercussions. These can be made worse if you don’t have the money to cover your financial costs, including paying for medical treatment, soon after your accident. Thankfully, an Ohio car accident loan can help get you the money you need.
With this pre-settlement legal funding, you can pay your bills while you await compensation from the liable party. At Silver Dollar Financial, we know how difficult the period immediately following an accident can be. We help accident victims get the money they need to get them through this troubling time.
How a Car Accident Loan Can Help
After a car accident, you will likely be faced with serious financial concerns. The long-term solution is likely going to be to recover compensation from the at-fault party. However, it can take months or even years until this money is paid out. A car accident loan in Ohio can help you deal with your financial obligations while you wait.
You can use the money you receive to pay for medical expenses, as well as property damage. Additionally, your loan can help cover lost wages if you cannot work due to your injury. In this scenario, you can use your car accident loan to cover everyday costs, including:
- Housing costs
- Car payments
- Phone and internet
Click to contact the Silver Dollar Financial Team today or Call +1(844)871-0628
Is a Car Accident Loan Right for Me?
Not every car accident case calls for a car accident loan. However, if you were seriously injured in a car accident and do not have significant savings to cover your expenses while you seek compensation, this might be the best option for you.
For a minor accident or for those for whom money is not really an issue applying for a car accident loan is likely unnecessary.
Who Can Receive a Car Accident Loan in Ohio?
Anyone who was injured in a car accident where another party was at fault is potentially eligible to receive a car accident loan.
If this is the situation in which you find yourself, the determining factor will be the strength of your compensation case. Ohio car accident loans are repaid directly from your compensation package rather than out of your pocket.
Because of this, the lending company needs to be sure that you have a strong case and doesn’t care so much about your credit history, as is common with most other types of loans.
The best way to increase your chances of getting approval for a loan is by increasing your odds of recovering compensation. The easiest way to do that is to hire an experienced car accident lawyer to help you with your case.
Do Not Take the First Settlement Offer From an Insurance Company
Insurance companies work very hard to build up a persona as friends of the people. However, their actual business practices are in stark contrast to that. Insurance companies devote much of their resources to denying claims. When they are unable to do so, they will instead attempt to minimize the amount they have to pay.
One of the tricks they will use to accomplish this task is to approach accident victims before they have a chance to speak with a lawyer and offer them a lowball settlement. The accident victims are often still in a state of shock and feel intimidated by the growing stack of medical bills and the fact that they are missing work.
In this desperate state, the money being offered by the insurance company can feel like a lifeline. However, if you take it, you will likely soon find out that it doesn’t come anywhere near covering the true value of your claim. You will run out of money and have no options for recovering further compensation.
However, a car accident loan can offer you an alternative. You can get the money you need to pay your short-term costs while continuing to pursue full compensation against the liable party.
Apply Now for Pre-Settlement Funding
There Is No Risk in an Ohio Car Accident Loan
When applying for a car accident loan, you don’t have to worry about whether or not you will be able to pay back the money you have borrowed. You won’t put yourself in a worse financial position by taking out a loan and then losing your case for compensation.
You don’t have to pay back your loan unless you are able to recover compensation. If you do recover compensation, the lending company will collect the money they are owed directly from the settlement package. You will never pay a penny out of pocket.
Since the lending company is the one assuming all the risk, they are only going to approve your loan application if you have a strong chance of winning your case.
The Car Loan Application Process Is Quick & Easy
You can apply for an Ohio car accident loan in mere minutes. All you have to do is provide a few details about yourself and your case, and the lending company will take it from there. We will review your application and provide you with a decision in as few as 24 hours. If your car accident loan application is approved, you could receive up to $100,000.
Fill Out Your Ohio Car Accident Loan Application for Free
At Silver Dollar Financial, we have helped countless people get the money they need to cover their bills while they await compensation. Give us a call or fill out our online application today to apply now and get started. Submitting your Ohio car accident loan application is free, so don’t hesitate to get the money you need.