Car accident loans make it possible for you to get the cash you need now without the stress of waiting for your auto accident case to settle. Settlement cash advances, lawsuit loans, pre-settlement loans, and legal funding are all phrases that are used interchangeably to describe funding in advance of a case settlement.
Get the financial assistance you need after a serious car accident without worrying about a monthly payment, your personal credit history, or a lengthy application process. Silver Dollar Financial can provide injury victims with an auto accident settlement cash advance in Savannah at any point during the case process.
Legal Funding Company in Georgia
With many companies offering car accident legal funding in Savannah, why choose us? Simply put, our commitment to our clients is unparalleled in the industry.
We operate on the principles of respect, responsibility, and empowerment. We don’t engage in shady practices, and we are committed to an open communication process with you, and we want you to have control over your destiny.
Our company is committed to providing you with a transparent lending process and listening carefully to your questions and concerns. Everything we do is above board, and we want you to understand that we believe in and practice the founding values that separate us from the herd of predatory lending businesses.
Click to contact the Silver Dollar Financial Team today or Call +1(844)871-0628
Calculating a Car Accident Settlement Loan Value
If you are wondering how much you are able to borrow against your car accident settlement, first you need to have an idea of what the case might be worth. The loan amount most legal funders will provide is between 10-20% of the value.
A case settlement can’t reach over the limit of the defendant’s insurance policy, so knowing the limit of the defendant’s insurance is a good place to start. The states require varying minimum amounts of coverage, so it is important to consider where the defendant’s insurance policy comes from.
Some drivers will carry more than the minimum. But for Georgia, the amount of minimum insurance coverage is:
- Bodily injury liability – $25,000 per person and $50,000 per incident
- Property damage liability – $25,000 per incident
To estimate the amount you might qualify for depends on the amount of insurance carried, the severity of injuries, and who is at fault. So, if you can gauge an estimate of your medical bills, damages to the car, and time off work, that can give you a rough idea. For example, if you estimate a total of $50,000, you will be able to borrow between $5000 to $10,000.
Why Take a Savannah Car Accident Loan?
Pre-settlement funding can positively impact your financial situation and can transform your frame of mind when the pressure of unpaid bills has built up. Car accident settlement loans in Savannah can also change the outcome of your case, leading to a higher settlement by buying you time.
The overwhelming load of financial stress that affects many victims in car accidents can negatively affect mental health and the time it takes for physical injuries to heal. This is compounded by the negative effect on your credit rating, and the fear of losing personal property such as a car or a home.
When you have the funds available to pay bills, you can avoid events such as foreclosure, eviction, and disconnection of utilities or phones. If you have been able to maintain your financial obligations but are teetering on the edge, taking advantage of a lawsuit loan can help you to avoid junk fee costs, such as late payment penalties, reconnection charges, or NSF fees.
How a Pre-settlement Loan Can Impact Your Georgia Car Accident Case
Savannah car accident loans provide the plaintiff with a much-needed cash advance when the settlement is pending, but taking far longer than you can afford. Many plaintiffs are tempted to take a lowball offer that undervalues their losses in order to simply get caught up.
Funding from a pre-settlement advance changes the course of all that and provides time to fight for the full value of your future settlement payment. It also hinders the stall tactics and games of the defendant’s insurance company. They can no longer take advantage of you by wasting time in the hopes you will be desperate enough to accept a lower amount.
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What if I Lose My Case? How Do I Pay Back the Funds?
There is no risk to your personal finances, credit score, or personal belongings—ever. There are no monthly payments and no bill collectors. We provide non-recourse loans, so even if you lose your case or your settlement is lower than the amount you owe, that’s on us.
Car Accident Loan Application Process
It’s free of charge to apply for a Savannah car accident loan and easily accessible for everyone, including your lawyer. The entire loan process can be done online, or give Silver Dollar Financial a call 24/7, we are happy to help you.
There is no need to drive to appointments or sign in person. We have expedited our loan process to make it easier for you. You have already been through enough. We are committed to empowering accident victims and treating them with respect and an ethical loan process.