If you are involved in a car accident, you may feel that your life is spinning out of control. With so many questions about how to handle it all, answers may seem scarce. You probably wonder how you’re going to pay for medical expenses and repair bills.
Your likely long-term solution is an insurance claim or personal injury lawsuit. But how will you pay for everyday expenses in the meantime while you wait a long time for those situations to play out? Take care of your financial responsibilities now with a Virginia car accident loan from Silver Dollar Financial.
How a Virginia Car Accident Loan Can Help After a Crash
After a serious car accident, you will probably face significant financial strain. You could be looking at expensive medical treatment as well as property damage. An accident could also cause you to miss work, resulting in lost wages. This could make it difficult to even cover your everyday expenses, like:
- Mortgage or rent
- Phone and internet
- Car payments
Fortunately, a car accident loan in Virginia can help you cover all these costs as you await financial compensation from the liable party.
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When Is a Car Accident Loan Necessary?
A car accident loan can be very helpful after a crash but is not necessary for all situations. For instance, if you were in a minor accident or have significant money saved up for an emergency, you might not need a car accident loan.
However, in the majority of cases, a car accident loan is likely to be your best option for paying your bills while you wait for compensation from the at-fault party.
Do I Qualify for a Virginia Car Accident Loan?
If you were involved in a car accident where another party was at fault, you may be eligible for a car accident loan. A lending company will review the details of your case for compensation and decide whether or not to extend a loan offer. Car accident loans in Virginia are different from most other loans, and eligibility is not centered around your credit history.
Instead, your loan will be repaid from the money you eventually receive from the liable party. Because of this, the lending company wants to be sure that you are going to recover compensation before offering you a loan. One way to increase the lender’s confidence in your odds is to hire a car accident attorney to represent you in your pursuit of damages.
Applying for a Car Accident Loan Only Takes a Few Minutes
Silver Dollar Financial makes the car accident loan application process easy. All we need from you is some basic information about yourself and your case. Once we have received this information, we will review your case and give you our answer in as few as 24 hours. If your application is approved, we will extend you a loan of up to $100,000.
Apply Now for Pre-Settlement Funding
Do Not Deal With an Insurance Company on Your Own
It is always best to go through a car accident lawyer when dealing with an insurance company. These companies do not have your best interests at heart and will do whatever they can to avoid paying out the full value of your claim. A lawyer can help you fight back against the tricks the insurance company will attempt to use against you.
That is part of the reason that insurance companies often act swiftly after an accident. They want to get to you before you get a chance to hire an attorney because they know this is when you are at your most vulnerable. They will sometimes extend a settlement offer before you have even filed a claim.
They know that if you take the deal, you are forfeiting your right to further pursue compensation. They offer accident victims settlements that are far below the true value of their claims, hoping that the injured party does not yet realize the full extent of the costs they will face due to their injuries.
A car accident loan in Virginia can be a welcome alternative to taking a quick settlement from the insurance company. By taking out a loan, you will get the money you need to cover your cost in the present without selling out your rights to fair compensation in the future.
The Lending Company Protects You From Risk With a Car Accident Loan
With most types of loans, you expose yourself to some risk. If you can not pay the loan back in the time agreed upon, you could find yourself even deeper in debt. However, this is not the case with a car accident loan. Because it’s a non-recourse loan, the lending company assumes all the risk.
If you do not recover compensation for your car accident from the at-fault party, you do not have to repay the money you borrowed. Because the lending company only recovers their money if you receive compensation, your loan application will likely be denied if you do not have a strong enough case.
Get a Car Accident Loan in Virginia Today
At Silver Dollar Financial, we help car accident victims get the money they need to cover their bills after an accident. We aim to make it easy for them to get pre-settlement funding after a collision. And we can help you navigate this troubling period.
You can use your Virginia car accident loan to cover your costs while you await compensation. Give us a call or fill out our online contact form today to get started. The application process is free, so do not hesitate to reach out to us for help.