A car accident may be another person’s fault, and that person may owe you financial compensation for your losses, but how do you pay for medical treatment after a car accident?
Your health insurance may offer immediate help, but you will need to wait for a settlement to come in to pay off these costs. The use of car accident loans could provide a buffer, giving you access to the funds you need now, and reducing the financial stress you have right now.
What Pre-Settlement Funding Is and How it Meets Financial Needs Now
One of the tools available to many waiting for funds from a settlement is a per-settlement fund, a tool that allows you to access the money you are likely to receive from a settlement now, long before that statement actually pays out.
If you have medical bills you need to pay now and you cannot wait until your settlement claim is funded, consider some of the advantages of using pre-settlement funding:
- Funding in as little as 24 hours. This enables you to obtain the money you need now, for any need, and not have to worry about being able to get the funds you need.
- Secure up to $100,000. Most of the time, these funds will range from 10 to 20% of your likely settlement amount, ranging from $1,000 up to $100,000.
- There is no credit check. You do not have to worry about any type of credit check. It is all based solely on your settlement.
- The funds require no monthly repayment. You do not make a payment on the money provided to you until you win your claim. At that time, the entire amount is paid off in full.
- If you do not receive a settlement, you owe nothing. These are non-recourse funds, and unlike a traditional loan, you do not have to worry about carrying debt over the long term.
With pre-settlement funding, you can obtain the money you need now, use it for any need you have, including paying your medical bills, and not have to pay back anything until and unless you recover damages in your case.
Silver Dollar Financial makes it easy for victims of car accidents to get the money they need now without having to wait for a case to close or an insurance company to make payment. Instead, you can move on with the care you need in no time if you need to know how to pay for medical treatment after a car accident.
Click to contact the Silver Dollar Financial Team today or Call +1(844)871-0628
Consider the Importance of Having the Funds You Need Now
Data from the National Safety Council Costs of Motor-Vehicle Crashes shows that a disabling motor vehicle accident can lead to an average of $162,000 in medical debt when a severe injury takes place.
That debt can be nearly impossible for most people to pay out of pocket, and yet, it can take months, if not years, to fully recover the settlement owed through court action. This creates several key concerns for many people:
- Without the funds needed, a doctor may no longer be willing to provide care to a patient. You may need to seek different medical providers.
- Your maximum coverage on your health insurance policy could be reached, meaning you must pay out of pocket for any additional costs you need for the year.
- Your insurance rates may be impacted by soaring costs, leading to more expensive premiums to pay in the years to come.
- You may be unable to pay for advanced care and treatment strategies that your existing health insurance policy may not cover. That could mean alternative or specialized care may not be available.
- Even if your health insurance continues to cover your costs, the out-of-pocket costs for many plans, especially those that split costs 80/20, are still very high.
Your recovery may revolve around your ability to continue to receive medical care, and in many situations, that care could be limited to you because you lack the money to cover your costs.
When a car accident causes harm to you like this, and you cannot obtain a settlement fast enough to cover your needs, it may be time to consider the value of pre-settlement funding. This is where Silver Dollar Financial offers a viable solution, so read our FAQs to learn more.
What You Need to Qualify for Pre-Settlement Funding
To pay for medical treatment after a car accident with pre-settlement funding, you must first apply for and receive approval. This process is simple and direct and does not involve any type of employment or income verification process. To apply and obtain pre-settlement funds, you will need the following:
- Details about your car accident, including what happened, the damages you suffered, and the responsible parties
- How much money you need to meet your financial needs now and into the future while you wait for a settlement to become available to you
- Information about your lawyer so that your case details can be verified and your attorney can show what your case strength is
- The estimated value of your settlement, based on the claims made by you and your attorney
With this information, the process can get started in helping you to apply for and receive the funds you need to pay for medical bills now, allowing you to move on with your care plan. Even if you are not sure if this is the right decision for you or if you should obtain other funding options, reach out to our team with your questions.
We take pride in not only helping our clients recover the funds they need now so they can meet financial obligations but also providing a non-frustrating process for applying for and obtaining compensation, as evidenced by our client testimonials.
Click to contact the Silver Dollar Financial Team today or Call +1(844)871-0628
Now is the Ideal Time to Apply, and There is No Risk to Doing So
You can always call Silver Dollar Financial with any questions you have about how to pay for medical treatment after a car accident, and our team will help you get the answers you need. You can also apply online now, without any cost or obligation, with no credit check and no income verification to find out if you qualify.
Once you learn how to pay for medical treatment after a car accident like this, you no longer have to worry.
Call or text +1(844)871-0628 or Apply Now for Pre-Settlement Funding