The impact of a South Carolina truck accident can be substantial. An accident victim can suffer an injury that results in lost wages. In addition, this individual can face costly medical bills without a clear path to pay them on time.
At Silver Dollar Financial, we understand the challenges associated with the aftermath of South Carolina truck accidents. We offer South Carolina truck accident loans to help people recover from such incidents. Our loans ensure truck accident victims are financially protected while they move forward with their personal injury cases.
How a Court Views South Carolina Truck Accident Lawsuits
A South Carolina truck accident lawsuit is viewed objectively. When a truck accident personal injury case goes to court, both parties can present their side of the story. At this point, a court decides if an accident victim is awarded damages.
It can take months or years before a truck accident lawsuit is presented in court. In the meantime, a plaintiff and defendant can negotiate the terms of a settlement. However, if the parties cannot reach an agreement, a judge or jury will decide the case.
An individual is fully responsible for their bills, even in the midst of a truck accident lawsuit. Fortunately, a truck accident loan can provide this individual with money that can be used to pay off these bills. The lawsuit loan ensures a truck accident victim gets financial support until their case reaches its conclusion.
How South Carolina Truck Accident Pre-Settlement Funding Differs from a Standard Loan
People who need money fast after a South Carolina truck accident may consider a traditional loan. Doing so may seem like a good idea, as it provides an individual with immediate money. Conversely, a South Carolina truck accident loan may prove to be a superior option for several reasons.
First, an individual can get a response to a truck accident loan request in 24 hours. The request can be submitted online at any time. From here, a lawsuit loan provider reviews the request and provides a pre-settlement funding quote.
Also, an individual does not need to provide information about their credit history or personal finances as part of a lawsuit loan application. The process of applying for pre-settlement funding is quick and easy. In many instances, an individual can complete this process on a computer or mobile device in minutes.
What to Expect When Filling Out a South Carolina Truck Accident Loan Application
A South Carolina truck accident loan application is accessible 24/7. As part of an application, an individual must provide their contact information and details about their truck accident lawsuit. This individual can fill out each section of the application to the best of their ability and finalize their submission when it is ready.
After a lawsuit loan application is submitted, a pre-settlement funding company takes a look at it. The company evaluates the submission and decides how much money it can provide to the loan applicant. If the company has concerns or questions, it follows up with the applicant, too.
Next, a pre-settlement funding company gives a loan applicant a personalized quote. The company can share information about the simple interest associated with its loan. If the applicant is satisfied with the quote, this individual can accept it.
How a South Carolina Truck Accident Loan Request Gets Approved
A South Carolina truck accident loan applicant must sign paperwork to approve a pre-settlement funding quote. The paperwork is then sent to the lawsuit loan provider. Finally, the lawsuit loan provider receives the paperwork and sends a check to the truck accident victim for their pre-settlement funding amount.
It only takes a few days for a South Carolina pre-settlement funding applicant to get their loan funds. When the check for these funds arrives, this individual can cash it without hesitation. The funds can be used for any reason.
A South Carolina pre-settlement funding company keeps in contact with a loan recipient’s attorney. This allows the company to stay up to date on the status of the plaintiff’s case. If the case is settled, only then does the plaintiff have to repay their lawsuit loan.
What to Do to Repay a South Carolina Truck Accident Loan
If a South Carolina truck accident lawsuit is successful, the plaintiff is awarded damages. The plaintiff’s attorney will receive a check for these damages. At this time, the lawyer can deduct the amount of the plaintiff’s lawsuit loan from their damages to pay back their pre-settlement funding total.
A plaintiff’s attorney handles pre-settlement funding repayment on their client’s behalf. This means a plaintiff does not have to worry about lawsuit loan repayment. Rather, the plaintiff’s lawyer handles the entire pre-settlement funding repayment process.
Of course, a truck accident loan recipient can reach out to their pre-settlement funding company with any concerns or questions. This individual can get instant support from friendly, knowledgeable lawsuit loan specialists. Plus, these specialists can provide details on how a pre-settlement company handles an outstanding lawsuit loan if a plaintiff loses their case.
South Carolina Truck Accident Loans Are Contingent on the Result of a Personal Injury Case
A traditional loan requires repayment at regular intervals. Comparatively, a truck accident loan is based on the result of a personal injury case. If a case is unsuccessful, an individual is not held responsible for repaying their lawsuit loan.
For instance, a person can receive a truck accident loan for several thousand dollars. This individual may work hard to win their case. Regardless, the plaintiff may not be awarded damages.
In this instance, the plaintiff is under no obligation to pay back their pre-settlement funding. The plaintiff’s lawyer notifies the lawsuit loan provider about the case result. Lastly, the lawsuit loan provider accepts the result and allows the plaintiff to keep any money from the pre-settlement funding.
Check Out the South Carolina Truck Accident Loan Options Available from Silver Dollar Financial
Silver Dollar Financial can teach you everything you need to know about South Carolina truck accident loans. Our team can guide you through the pre-settlement funding application process and help you get a lawsuit loan immediately. For more information, please contact us today.