After suffering critical injuries in a motor vehicle accident, the process of recovering compensation can be overwhelming. While you work to heal from your injuries and cover your costs, you may continue to feel the aftermath of your trauma. Although you may be entitled to compensation for your damages, the claims process may take longer to resolve than you might have thought.
Fortunately, Silver Dollar Financial is here to help with Sandy Springs car accident loans. You can start to take back control of your life as soon as today when you fill out our application or contact our office to learn more about your car accident loan eligibility status.
What Are Car Accident Loans?
Following a car accident in Sandy Springs, it is normal to struggle financially. Between the costs of repairing or replacing your vehicle, purchasing a rental car, covering your medical expenses and co-pays, and any other out-of-pocket expenses, you may have difficulty continuing to make ends meet.
If you are out of work due to the impact of your injuries, it may be difficult or impossible for you to continue making your regular monthly expenses without tapping into your savings. You can rapidly spiral into financial distress if you do not have savings to cover these costs.
Fortunately, car accident lawsuit loans may be a great way to avoid this hassle. By accessing a portion of your car accident settlement before your case has been resolved, you may be able to stay afloat.
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How Are Car Accident Loans Different from Bank Loans?
Car accident loans in Sandy Springs are different from traditional bank loans. When you seek out a traditional bank loan, you will need to prove to the financial institution that you have a way to pay it back through wages or self-employment pay.
You will also need to show the bank that you have a good credit score. This way, they do not find your creditworthiness risky. However, if you do have a less-than-ideal credit score, the financial institution may agree to issue you the loan, but they will impose extreme interest rates and compound interest.
The same cannot be said for car accident loans. You do not need to have good credit, nor do you need to have a source of income to pay back the loan. In fact, the only way you pay back your car accident loans is if your attorney wins your case.
If your lawyer does not win your car accident case, you do not have to pay back the funds issued to you by Silver Dollar Financial. We also never charge compound interest, so you always know exactly what you are going to be paying back in car accident pre-settlement funding.
Who Is Eligible for Sandy Springs Car Accident Legal Funding?
Many people have concerns that they will not qualify for a car accident loan after everything they have been through. However, keep in mind that your ability to pay back the loan is irrelevant.
You do not need to have any way to pay back the loan other than winning your car accident case. With that in mind, to be eligible for a car accident loan in Sandy Springs, the following requirements will need to be met:
- You need to be 18+ years of age
- You must have an anticipated car accident settlement
- You must be working with a car accident attorney
Car accident lawyers regularly work with injury victims on contingency. This means they are not charging you any upfront expenses to take on your case.
In fact, they are likely covering all the costs associated with pursuing your case. If a lawyer agrees to take on your car accident case, chances are they are expecting to win. This gives our loan specialists at Silver Dollar Financial confidence in issuing you a car accident loan.
How Can You Spend Your Car Accident Pre-Settlement Funds?
One of the top benefits of car accident loans is the ability to spend them as you see fit. There are never any restrictions on the payments you can make or what you can spend your pre-settlement funding on.
This money is yours the same way you would be entitled to your wages or other sources of income. We never monitor or limit what your car accident funds can be used for. Some of the more common expenses reported by Sandy Springs car accident loan recipients include:
- Housing expenses
- Utility bills and phone
- Internet costs
- Credit card bills
- Insurance payments
- Entertainment fees
- Regular daily household expenses
- Groceries and toiletries
- Support payments
- Car notes
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Repaying Your Car Accident Loan
If you have concerns that you will not be able to pay back your car accident loan when you are already in debt, think again. Our car accident loans in Sandy Springs are non-recourse. You will only be expected to pay them back if your attorney wins your car accident insurance or civil claim.
You never have to worry that our Silver Dollar Financial loan specialists will send your case to a debt collector, attempt to garnish your wages, or otherwise attempt to recover this “debt. “ We do not consider this a debt. We took on the risk of issuing your car accident loan so you could begin to rebuild your life.
If your attorney loses your case, you will already be dealing with enough emotional trauma and financial distress. The last thing you need to worry about is paying back your car accident loan if your lawyer is unsuccessful.
Contact Silver Dollar Financial to Apply for Car Accident Legal Funding in Sandy Springs
Filing a car accident lawsuit and claims with the defendant’s insurance company can be a complicated process. It could be months or years before your case is resolved. You do not need to live with financial insecurity with Silver Dollar Financial on your side.
Contact our loan specialists today to learn more about our Sandy Springs car accident loans and what you could access in advance. If you have questions or are ready to get started, fill out our application, complete our quick contact form, or call us today.