An Orlando car accident can make it difficult for a person to enjoy life in the city. The accident can result in injuries, property damage, and other long-term problems. In addition, these issues can force an individual to rework their budget and make financial sacrifices.
At Silver Dollar Financial, we offer Orlando car accident loans with minimal paperwork. Our hassle-free auto accident loans are available for up to $100,000. An Orlando auto accident victim can submit a pre-settlement funding application today.
How Orlando Car Accident Loans Deliver Instant Funding
An Orlando car accident loan is risk-free. This is due to the fact that an auto accident victim only has to repay their loan if their personal injury claim is settled. If the plaintiff is awarded no damages in their car accident lawsuit, this individual does not need to pay back their loan.
Expect a car accident loan to get approved right away. An auto accident loan company can review and accept a loan request in as little as 24 hours. Once a car accident loan applicant finalizes their loan, this individual gets a check in the mail just days later.
An auto accident loan recipient can use their pre-settlement funding to cover any expenses. This individual can utilize their auto accident loan to pay for medical bills, utilities, or other costs. Also, the loan recipient can continue to pursue their personal injury claim and work toward getting the maximum amount of damages from an at-fault party.
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How to Begin the Orlando Car Accident Loan Application Process
The Orlando auto accident loan application process starts online. A car accident victim can access and fill out a loan application on any computer or mobile device. This individual can apply for an auto accident loan 24/7.
An auto accident loan company forgoes a credit check and does not request a copy of an applicant’s credit report. The company instead reviews an applicant’s auto accident loan case. It looks at the project case settlement amount and the strength of the case to decide how much pre-settlement funding to offer.
Pre-settlement funding quotes vary based on the auto accident case. If a car accident loan applicant reviews a quote and feels good about it, this individual can approve the pre-settlement funding. At this time, the applicant provides any final paperwork and can get their auto accident loan check within a few days.
What It Costs to Get an Orlando Auto Accident Loan
The best Orlando auto accident loan company does not charge any fees to submit an application. An individual can complete a car accident loan application without any obligation to move forward with pre-settlement funding. This gives an individual the flexibility to request a pre-settlement funding quote and decide if it meets their expectations without any penalties.
There can be times when an Orlando car accident loan company charges hidden fees. As such, it is important to keep a close eye on any fees associated with auto accident pre-settlement funding. If an individual is uncertain about various car accident loan fees, reach out to the lender for information about them.
An Orlando car accident loan company can charge interest on its pre-settlement funding. The interest rate for an auto accident loan is given to an individual with their pre-settlement funding quote. It is a loan applicant’s responsibility to analyze this quote and the interest rate associated with it.
How an Orlando Auto Accident Loan Quote and Interest Rate Work
Orlando auto accident pre-settlement funding quotes are shared after an individual proves relevant information regarding their personal injury claim. An auto accident loan company provides an individual with a custom quote. This individual can assess the quote to see how much the auto accident loan company can provide in pre-settlement funding.
Along with a car accident loan quote, a pre-settlement funding company includes details about the interest rate. The company can bill compound or simple interest on a car accident loan. Understanding the difference between compound and simple interest is key to selecting the best possible auto accident loan option.
Compound interest accumulates, which means the interest rate an individual is given at the beginning of their auto accident loan can increase over time. Comparatively, simple interest remains the same for the duration of a car accident loan. When deciding between auto accident pre-settlement funding with compound or simple interest, choosing the latter may prove to be the best option.
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Why It Pays to Select an Orlando Auto Accident Loan with a Simple Interest Rate
An auto accident loan with a compound interest rate fluctuates. For example, a person may have a small interest rate when this individual accepts their pre-settlement funding. However, by the time their personal injury case is settled, the interest rate may have reached a point where this individual has to pay hundreds or thousands of dollars in interest.
On the other hand, a car accident loan recipient knows what to expect from pre-settlement funding with a simple interest rate. This individual can calculate the total amount owed for their pre-settlement funding at any time. No matter how long it takes to resolve their personal injury case, this individual’s pre-settlement funding interest rate will not increase.
For those who are looking for the top Orlando car accident loans, it is beneficial to choose pre-settlement options that come with a simple interest rate. An Orlando car accident loan company can explain if it offers pre-settlement funding with a compound or simple interest rate, or both. This can help an individual get the information necessary to decide if now is the right time to move forward with an Orlando auto accident loan.
Learn About the Orlando Car Accident Loans Available from Silver Dollar Financial
Silver Dollar Financial is a trusted choice for auto accident loans in Orlando. Our car accident pre-settlement funding specialists can teach you about our loan options and answer any questions you may have about them. To find out more or request a car accident loan quote, please contact us today.