Thousands of car accidents happen yearly in Texas, most caused by someone else’s negligence. Your accident claim can take years to resolve and is full of hoops and red tape to cross. While your lawyer works diligently to resolve your case, you are drowning in bills.
You need a solution. Silver Dollar FInancial has various pre-settlement funding options, so you have a financial solution and rest easy while you await compensation.
Are San Antonio Car Accident Loans Right for You?
Car accident loans have many benefits but are not the right fit for everyone. They are no risk and non-recourse, which are very attractive to car accident victims. However, you need to decide if legal funding is right for you.
You are an excellent candidate for legal funding if you fit into these categories:
- You have immediate expenses and no money to pay them
- The accident caused you severe injuries
- You cannot work from your injuries or are suffering significant financial losses
- You continue to run into delays
If this sounds like you, you must consider car accident loans in San Antonio, TX, for financial relief. However, pre-settlement funding will be different if you are working and keeping up with your bills, even with the additional car accident costs. Consider the pros and cons of lawsuit loans before taking the plunge.
Click to contact the Silver Dollar Financial Team today or Call +1(844)871-0628
Conventional Loans vs Car Accident Loans
Car accident loans in San Antonio, TX, are different from conventional loans because they are non-recourse and have no impact on personal finances. Non-recourse also means that if you lose your case, you don’t repay the loan.
Conversely, conventional loans do impact your finances. They are also more challenging to qualify for because they depend on your income, credit, employment, and more.
Conventional loans also have higher interest rates and if you lose your lawsuit, you have to pay them back. Car accident loans have lower interest rates and are contingent on your case details.
Lawsuit Settlements Take Time
The Texas statute of limitations is two years from the accident to file a lawsuit. When victims hear that, they assume their case will resolve within that period.
The two years outline the pre-litigation process, where your lawyer will negotiate with the insurance company for an out-of-court settlement. You can file a lawsuit if the insurance company is unwilling to settle or offers insufficient amounts.
Once you file a lawsuit, your timeline changes, and you can resolve your case within months or years. Accidents with severe injuries, multiple parties, conflicting witness testimony, and more will take much longer and result in litigation. Meanwhile, you are facing extreme financial hardship with no relief in sight.
Car Accident Cash Advance Is Fast
Contact a reputable car accident loan company when you see no end to your financial woes after a car accident. Your lawsuit can drag on for three or even five years, and once you agree to an offer, it can take months before you see any payment. The insurance company knows they lost and must pay you, but they will still find ways to delay giving you the money you deserve.
A faster alternative, however, is taking out a car accident cash advance. Pre-settlement funding bridges the financial gap, and after signing your loan documents, you can have the money in your account within 24 to 48 hours. That is much faster than sitting around waiting for your car accident compensation.
Apply Now for Pre-Settlement Funding
The Correlation Between Car Accident Loans and Higher Settlements
Plaintiffs in a car accident lawsuit only see the immediate financial benefit of a car accident loan, but there are others. Aside from paying your bills and avoiding eviction, you can also get a higher settlement.
Unfortunately, victims are in dire need of funds. The defendant knows this, and they use it to their advantage to delay your claim. They will use various tactics to delay payment and offer insulting settlements.
A car accident cash advance hinders these efforts because they cannot take advantage of your financial position. Since you do not need money from your claim immediately, your lawyer has more time to negotiate a fair settlement and hold the defendants responsible. You can now hold out for the payment you deserve. Another benefit is legal funding can also help your lawyer pay for expert witnesses and other legal expenses.
The Role Your Lawyer Plays in Your Case and Legal Funding
Your personal injury lawyer wears many hats when they take on your case. They are an investigator, negotiator, advisors, and more. They also absorb many financial risks because they only get the payment if they win your case.
The outcome of your lawsuit will heavily rely on the resources available to your lawyer and their experience handling similar cases. Your lawyer also plays a role in your lawsuit funding because they must provide accident documents and inform us of the potential outcome of your lawsuit. No car accident loan company will offer a loan without the victim having legal representation.
Plaintiffs take the least risk because your lawyer incurs your legal costs, and your funding company takes on financial risk when they offer you a loan. Since these two parties are taking on these risks, they want to determine the likelihood of repayment. It is common knowledge that having a lawyer leads to a larger settlement and increases your chances of compensation.
Get Legal Funding from Silver Dollar Financial Today
Working with a lawyer is essential, and it is best to have their cooperation, but the decision is yours. Weigh the pros and cons of your financial picture and discuss your case with your lawyer. When your lawsuit resolves, your lawyer will disburse funds to various parties like medical providers, expert witnesses, and your loan company, so while you do not need their permission, you need their cooperation.
After you discuss your options with your lawyer and review your financial picture, apply for a lawsuit loan with Silver Dollar Financial. We are a top pre-settlement funding company and provide fast car accident cash advances for injury victims. You can apply online or by speaking to our funding specialists and get an answer quickly.