After a serious car accident, you will likely be facing injuries and significant medical expenses. Trying to recover both physically and financially can be a great challenge. While an insurance claim or a personal injury lawsuit will likely be the answer to long-term financial stability, securing this money can take time.
Fortunately, a car accident loan in West Virginia can help you cover all your expenses while you wait. At Silver Dollar Financial, we have loaned money to countless accident victims to pay their bills while they work on getting compensation. The loan application is free, and there is no obligation to repay the loan if you don’t collect money from the liable party.
Do I Qualify for a Car Accident Loan in West Virginia?
Not sure if you qualify for non-recourse loans? Anyone who is a victim of a car accident caused by another driver in West Virginia may potentially be eligible to receive a car accident loan.
Who can receive these loans is not based upon your credit history, like with most other types of loans. Instead, the most important factor when determining eligibility is your likelihood of winning compensation from the at-fault party.
Since the chances of your recovering compensation are the most important factor when determining your loan eligibility, one of the best things you can do to increase your odds is to hire a personal injury lawyer. A lawyer will increase your likelihood of recovering compensation and thus raise your chances of getting a loan.
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Do I Need a Car Accident Loan After a Crash in West Virginia?
Determining whether a car accident loan is right for you will depend on the specifics of your situation. For a minor accident where you didn’t suffer any injuries, you likely will not need to take out a loan in order to get by. Likewise, if you have significant savings that you can use to cover your financial obligations while you await compensation, you can probably skip a loan.
However, if neither of these scenarios applies to your case, a car accident loan might be your best option for avoiding unnecessary stress brought on by financial concerns. A West Virginia car accident loan can help ease your worries and allow you to focus on recovery from your injuries.
A Car Accident Loan Can Help With All Sorts of Expenses
In addition to the expenses that arise directly from your accident, a car accident loan can help you with your everyday costs. You can use this loan to pay for your medical treatment and repair costs for property damage. If your injuries make it so that you have to miss work, you can also use the money to help cover your lost wages and pay for things like:
- Housing costs
- Car payments
Taking a Car Accident Loan in West Virginia Is Risk-Free
When applying for a car accident loan, you don’t have to worry about the risks of borrowing money. Car accident loans in West Virginia work differently from most other types of loans. You will not be required to pay back any money you don’t have. Instead, repayment of a car accident loan is only done once you secure financial compensation from the liable party.
If you don’t recover damages, you will not be required to repay the loan.
Since the lending company is the one taking the financial risk with a car accident loan, they are only likely to approve a loan if there is a high likelihood that you will win your case. The stronger your case is, the better odds that your loan application will be approved.
Apply Now for Pre-Settlement Funding
Insurance Companies Will Try to Undervalue Your Claim
Insurance companies hate paying out claims, even if they are 100% legitimate. Because of this, they will do everything they can to either deny a claim or undervalue how much you are owed. One tactic they often take is to attempt to get you to accept a claim before you have a chance to talk to a lawyer.
The insurance company may approach you shortly after your accident with a settlement offer. They will probably try to make it seem like this offer is only available for a limited time and that you aren’t going to get a better deal. In reality, the money they are offering you is likely a small fraction of what you will receive if you fight for your right to fair compensation.
The insurance company will hope that you will be desperate enough not to question the money they are offering. You will likely be facing significant medical expenses, missed wages, and uncertainty about how to cover these costs. The money they extend to you might seem like a lifeline.
However, by taking out a car accident loan, rather than accepting a quick settlement from the insurance company, you can get the money you need to cover your immediate expenses while you pursue the full value of your claim.
The Application Process for Pre-Settlement Funding Is Quick and Easy
Applying for a car accident loan takes just a few small steps. All you need to do is fill out a short form, providing us with some basic information about you and your case. Once we have received your loan application, we will review it and provide you with a decision in as little as 24 hours.
If your West Virginia car accident loan application is approved, you will receive a loan of up to $100,000. The application is free, so don’t hesitate to get started today.
Apply for a Car Accident Loan in West Virginia
At Silver Dollar Financial, we believe that accident victims shouldn’t have to worry about paying their bills while they pursue compensation for their injuries. We offer West Virginia car accident loans to relieve stress, allowing accident victims to focus on healing and recover from their injuries quicker. Give us a call or fill out our online contact form now.