Handling financial obligations after a serious car accident has its own set of challenges. The cost of treatment, loss of income from time off work, and mounting bills are obstacles that the victim faces while waiting for the case to reach a resolution.
A car accident loan, pre-settlement funding, lawsuit loan, or settlement cash advance are all terms that refer to legal funding. These are non-recourse loans that offer you a cash advance against a future settlement and do not require any repayment if your case is lost. Learn more about how a car accident loan in South Dakota can help you right now, when you need it.
Is a South Dakota Car Accident Loan a Cash Advance or A Loan?
It is a cash advance that only needs to be paid back when and if you settle or win your car accident case. If your case is lost, nothing is owed. Here is more information about how car accident settlement funding works.
Unlike a conventional loan, getting a loan against your car accident insurance settlement doesn’t require you to provide your credit or job history information. The settlement is used as collateral for the loan, so your ability to repay does not factor into the approval. This means there are no monthly payments to make.
Click to contact the Silver Dollar Financial Team today or Call +1(844)871-0628
How Interest Rates on Pre-Settlement Cash Advances Work
There are many lenders offering legal funding for car accident victims. Reputable lenders will be transparent in their lending process and offer non-compounding interest rates. Ask for an interest rate upfront, and in writing. Compound interest rates should always be avoided due to the ballooning effect of the interest-upon-interest design of compounding interest formulas.
Our interest rates are simple interest, usually in the range of single-digit numbers. Our company takes our best practices seriously and we want our clients to understand what the terms are. We will be happy to listen to your questions and keep you fully informed throughout the process of applying for and obtaining pre-settlement funding.
Why Silver Dollar Financial Is the Best Choice for Car Accident Loans in South Dakota
We lead the way because we care. Our company was founded on the principles of responsibility, respect, and empowerment. Our promise is to provide transparent, above-board lending in a world of predators. We are committed to treating you the way we would want our family to be treated.
Our founders created this service because they wanted to help people regain some sense of control after a life-altering incident. Our hope is to relieve you of the feeling of helplessness that comes with an accident and restore your power to fight for the best possible outcome.
Silver Dollar promises:
- Fair, low, simple interest rates
- Transparent application process
- Lending agreements with clear terms
- Efficient, fast, & compassionate service – every single day
Our approval process typically takes 24-48 hours and funding usually happens within that time frame. Our lending process and contracts are transparent, meaning there are no surprises and no hidden fees.
It is our goal to make the process as easy as possible for the accident victim who has already been through enough hoops and red tape. Ethical lending practices are our priority.
How Do I Apply for a Car Accident Settlement Loan in South Dakota?
We have an expedited process designed to alleviate the stress on personal injury and car accident victims. All we require from you is an application form with personal information and the contact info for your attorney.
Here are the steps involved in applying for a cash advance on your settlement:
- Apply online or by phone: Call Silver Dollar Financial or apply online by filling out the form.
- Approval: Our team contacts your attorney and reviews the facts about your case. The review process can result in approval in 24 hours in some instances. The contract is then sent to your lawyer to review and sign.
- Get funding: Sign your agreement and receive your money in as little as 24 hours from the time of approval.
Apply Now for Pre-Settlement Funding
What South Dakota Communities Does Silver Dollar Serve?
No recourse legal funding in South Dakota is available in all areas including:
- Rapid City
- Sioux Falls
Find Out Today How We Can Help You With Pre-Settlement Funding
Obtaining a loan against your car accident settlement alleviates the pressure that often comes with financial constraints following a serious auto accident. Gain control over financial circumstances and start today by calling Silver Dollar Financial or filling out our online form.
The application process is free, and approval can take as little as 24 hours. All you have to do is provide us with some information. There is no risk to applying and no obligation. We are available 24/7 to answer your questions about car accident loans in South Dakota or your case.