If you have been involved in a car accident due to another driver’s negligence or vehicle equipment failure, you may qualify for pre-settlement funding with Silver Dollar Financial. We are available 24/7 to begin the application process to get you back on the mend financially. Learn more about how a car accident loan can help you to see hope on the horizon.
The terms car accident loan, pre-settlement funding, lawsuit loan, and settlement cash advance are often used interchangeably, but these types of funding aren’t conventional loans, and they offer no threat to your credit rating, no monthly payments, and don’t rely on your ability to pay.
What Are the Benefits of Car Accident Loans in Wyoming?
A lawsuit loan is a financial tool to help you get on your feet when your ability to work and your money were affected by somebody else’s negligence. Court cases are long and extremely costly to all parties so when the other person is at fault, their insurance company will offer a settlement.
Unfortunately, arriving at a fair compensation amount for that settlement takes more time than most people can afford. This section will provide you with information about car accident loans and how they might work in your situation.
A Cash Advance Car Accident Loan Can Help You Stay Afloat
Wyoming car accident loans offer an avenue for people to sustain themselves when income is lost due to personal injuries. The amount of time off work varies from case to case but can easily hamper the ability to pay bills on time.
If monthly bills are past due the plaintiff is further victimized by the impact on their credit score or worse. Pre- settlement loans for an auto accident provide the means to pay living expenses to help accident victims to catch up from time off of work.
Some things people typically use pre-settlement funding for include:
- Housing and Shelter Payments– Paying your mortgage or monthly rent payment is critical in order to prevent damage to your credit rating and to keep a roof over your head.
- Lights, Water, and Utilities – Keeping the basics like electricity, running water, gas appliances, heat, air conditioning, and phone bills are all necessary expenses.
- Medical Bills – Paying for prescription medication, doctor visits, illnesses, insurance premiums, co-pays and other treatments that are not covered by insurance.
- Educational Expenses– Tuition for college or for your children’s school to keep the educational plan on track is important. Other critical education costs for students may also become necessary, such as books that are required for continued learning so progress is not interrupted.
- Avoiding Financial Penalties – Reconnection fees for utilities, bounced checks, insufficient funds fees, late fees, and other monetary penalties can add up fast and can be avoided if all bills are kept current.
If you are one of the 7 in 10 Americans living paycheck to paycheck, the cost of losing work and getting behind on bills can become overwhelming very quickly.
A Car Accident Loan May Help Your Case
Insurance companies bank on the fact that the plaintiff is injured, cannot go to work, and is living on limited funds. They take their time and use stalling tactics to prolong the settlement process with the hope that they can force the car accident victim into financial despair, forcing them to take a lower settlement.
Your attorney will be paid on contingency, so it is in their best interest to collect the highest amount possible for you, the plaintiff. However, if you are simply unable to hold out any longer before your financial resources are exhausted, the attorney may be forced to accept a lower value offer than you are entitled to.
It is beneficial to your case to have the money available to pay your bills and live a healthy life while you heal and hopefully return to work. If bridging the gap with a Wyoming car accident loan means giving you the opportunity to wait for a better deal from the insurance company, the cost of the loan may be worth the return you will receive.
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What if I Can’t Repay a Wyoming Car Accident Loan?
Since the loan is a no recourse loan, you only pay it back from the case settlement. No recourse means exactly what it sounds like; there are no collections for this loan if you lose the case.
There is very little risk to pre-settlement funding loans for car accidents or personal injury. The loan agreement spells out exactly what your interest rate will be and then collects it from the settlement check. All of this is detailed in the agreement which will be reviewed and signed by you and your attorney.
Do I Need to Have Good Credit to Get a Car Accident Loan?
We do not ask your employment history or run a credit check. Instead of the loan being based on your ability to pay, pre-settlement loans are based on the likelihood of future settlement in your case. If you lose, there is nothing owed. This means that there will be no bill collectors, no wage garnishments, no damage to your credit, and no monthly payments to worry about.
A bank or credit union does not make loans based on future earnings from a settlement, and a personal loan may not be enough to cover what you need to pay for right now. Borrowing money from a credit card or other source may not be available, and may become problematic if you are unable to make the payments while you wait for settlement.
Essentially, you are borrowing a portion of your future settlement check to cover expenses that need to be paid for today.
What Does It Cost to Get a Car Accident Loan in Wyoming?
One concern about taking a loan out on future earnings is the expense. Lawsuit and personal injury loans are charged an interest rate. If you choose carefully and do your research, a reputable company will treat you fairly and make the expense worth it to you.
Our loans are simple interest loans, usually in the single digit range. There are no hidden fees or surprise charges. Transparency in all transactions is our policy.
Interest charges from companies who have high rates, exorbitant broker fees, or compounding interest rates can easily drain your future settlement.
Compound interest rates should be avoided because they can gobble up the principal of your settlement before it ever reaches you. Be careful to read the fine print and know what you are agreeing to up front.
Apply Now for Pre-Settlement Funding
Car Accident Funding in Wyoming
If you were injured in Wyoming and have retained an attorney for your car accident, we can serve you. Here is a partial list of the areas we serve:
- Rock Springs
- Green River
We can also provide immediate car accident settlement funding in Wyoming in the following counties:
- Big Horn
- Hot Springs
- Yellowstone National Park
Get Cash From a Pending Settlement From a Car Accident
It’s easy and free to apply for pre-settlement loans in Wyoming. We can approve the application and have the funds to your account in as little as 24-48 hours. Silver Dollar Financial offers up to $100,000 in legal funding.
Silver Dollar Financial understands how stressful personal injury costs can be. We’re committed to helping personal injury victims with legal funding to aid them in their recovery as they wait for settlement.
There is no risk to apply, and no obligation. Get started today by calling our office or filling out our online form. Don’t hesitate to call us with any questions about car accident loans in Wyoming or your case.