Car accidents will upheave your life and impact your ability to work, maintain your household, and enjoy life. Your future will depend on your ability to recover compensation, but a car accident lawsuit can take longer than many victims realize. While waiting for your case to resolve, your bills continue to pile up with no end in sight.
Silver Dollar Financial understands the difficulty ongoing expenses can cause, and we want to help car accident victims in Philadelphia. We offer car accident loans to victims in an ongoing personal injury lawsuit in Philadelphia, PA. Our team is ready to advise you on your options.
Many Factors Can Delay a Car Accident Settlement
Car accidents are the leading cause of injury and death for motorists in Philadelphia and the United States. Many reasons exist why your car accident settlement will be delayed, some more common than others. While you want to resolve your claim quickly, there are case complexities that can lengthen that time.
There are specific situations that can prolong the case length like:
- Multiple unrelated victims
- Multiple liable parties
- Expert witnesses that contradict each other
These complexities can delay your case by months and years. The longer your case is, the longer your settlement will take. Administrative errors, like a form not filled out correctly or sent to the wrong agency, will cause a delay.
The Insurance Company
When the insurance company does not want to cooperate because they want to save money, they will make compensation recovery as challenging as possible to delay your payout. They will stop responding to communications and use other tactics. Injuries are another factor that will hinder your settlement.
If you have severe or debilitating injuries, it will take time to finish your treatment and for doctors to determine your future prognosis.
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How Much Is Your Accident Case Worth
When Silver Dollar Financial reviews your pre-settlement loan application, we will ask your lawyer to estimate your case worth. Your Philadelphia personal injury lawyers will consider several factors to determine your settlement amount. The two primary factors they will consider are the insurance policy limits and the impact the injury will have on your life.
Permanent disability and long-term health conditions result in higher settlements.
Qualifying for Legal Funding in Philadelphia
When you choose a car accident loan company, they will have various qualifications for offering legal funding. As a plaintiff in a car accident lawsuit, you can use the pre-settlement loan to bridge your financial gap while you await the results of your lawsuit. There are basic criteria for qualifying for car accident loans in Philadelphia, PA, including the following:
- You have a promising personal injury lawsuit.
- Your lawyer is working on a contingency fee.
- There is enough funding for your settlement award.
Silver Dollar Financial will also consider your damages, investment margin, and attorney agreement. Your lawyer must have information regarding your loan and supply us with the information necessary to process your car accident loan.
How the Legal Funding Process Works
The legal funding process is straightforward and relatively fast, and you can get an answer within 24 hours in some instances. The first step is the telephone or online application, where you will answer a series of questions, and we will contact your attorney for supporting documentation. Your attorney also plays a crucial role in your application process since they must provide details of the case, how promising it is, and the likelihood of repayment from the settlement.
We will also look for prior or additional litigation that can hinder your settlement award. After all the information is collected and reviewed by our car accident loan company, we will reach a decision. When you are approved for legal funding, we will begin the disbursement process, which can happen within a day.
You can receive your disbursement through a paper check, cashier check, wire, or account transfer.
Apply Now for Pre-Settlement Funding
You Have No Financial Responsibility if You Lose Your Car Accident Case
Pre-settlement funding is no risk to the plaintiff. If you lose your case, you owe nothing. There are no hidden fees or costs to apply.
Philadelphia pre-settlement loans offer you a short-term financial boost with some long-term benefits. Since you get this short-term loan, you can catch up on your bills and expenses. The insurance company will diligently work against you and intentionally cause delays.
The insurance company will wear you down by hoping your financial situation becomes so dire that you accept any payment they give you. One long-term benefit of legal funding is you can wait for a better offer and not get into a financial hole. You do not have to repay us if your car accident lawsuit is unsuccessful.
Multiple Pre-Settlement Funding Options Are Available
Some cases can take years, and your first loan is inadequate to cover all your costs. Many clients use up their legal loans before the end of the lawsuit. Once your funds run out, you begin to worry about how you will pay for everything again.
You can contact your pre-settlement funding specialists to review your circumstances and obtain additional funding. Silver Dollar Financial assigns a specialist to your account. When you inform us that you need additional funding, your specialist will try to get you qualified and funded as fast as possible.
You can obtain the additional funds immediately and breathe while your case continues.
Review Your Legal Funding Options in Philadelphia Now
Car accident victims have a long process ahead, especially when they suffer debilitating or severe injuries. The car accident legal process is full of delays and brings medical, financial, and other hurdles. You must consider pre-settlement loan options to ease some of your stress and provide financial backing during this challenging time.
Silver Dollar Financial makes the application and disbursement process straightforward. We do not run credit or background checks, and you don’t need to provide proof of income or employment. We offer competitive interest rates and can help you 24/7 online or over the phone to begin your application.
Complete our contact form to schedule an appointment today.