You can suffer an injury due to a defective car airbag. In this situation, you may sue the vehicle manufacturer, but it may take months or years before you get a settlement. With a car accident loan, you receive funding you can use until your case is resolved.
At Silver Dollar Financial, we offer airbag injury lawsuit loans to car crash victims. We can approve your pre-settlement funding request in as little as 24 hours. Contact us today to learn more.
Why Airbag Injuries Happen
Airbags are an important safety innovation, according to the Insurance Institute for Highway Safety (IIHS). They provide cushioning during a collision. By doing so, airbags reduce the risk of injuries and fatalities in auto crashes.
To date, airbags have saved more than 50,000 lives over a 30-year period, the U.S. Department of Transportation (DOT) points out. However, there can be times when an airbag does not deploy correctly. If this happens, it can inadvertently put a driver or passenger in danger.
If you suffer an injury due to a faulty airbag, get medical help. Along with this, it is beneficial to consult with a personal injury attorney. You may be able to file a lawsuit against the vehicle manufacturer to cover the costs of your injury.
Takata Airbag Recall
In 2019, automotive parts company Takata recalled approximately 67 million airbags due to defects. The business noted that these bags can explode during deployment, leading to serious injury or death. Takata said anyone who may have a vehicle with a faulty airbag should do the following:
- Use their vehicle identification number (VIN) to find out if their vehicle is affected by the recall
- Contact a local dealer to get any defective airbags repaired for free
- Sign up for alerts to stay up to date about any future recalls
Previously, Takata started recalling vehicles based on faulty airbags in 2016. In May 2017, Mazda, Subaru, Toyota, and BMW settled claims involving defective airbags in approximately 16 million vehicles for $553 million, NPR reported. The plaintiffs involved in this settlement said the compensation provided did not account for personal injuries or property damage.
What to Expect During an Airbag Injury Lawsuit
To file a lawsuit against a car manufacturer due to faulty airbags, hire an attorney. You can explain your injury to your lawyer, and they can help you build an argument against the manufacturer. With help from your attorney, you can build a body of evidence that compels a judge or jury to award you damages.
Your lawyer can negotiate with the defendant in your airbag injury case. If no settlement is reached, you can bring your case to trial. At this time, your attorney argues your case, and a judge or jury renders their decision.
Just because you submit a claim against an automotive company does not mean that you will get compensation. You may commit significant time, energy, and resources to put together an argument against the business. Regardless, the legal system offers no guarantees, and you may go through a lengthy legal process without getting any compensation.
How an Airbag Lawsuit Cash Advance Works
An airbag injury lawsuit loan is a form of non-recourse funding. You can request this type of loan if you are in the middle of a lawsuit relating to an airbag injury. The funding differs from a standard loan in several ways.
If you request a traditional loan, you will likely need to undergo a credit check. In addition, a lender may approve your request, albeit with a high interest rate attached to your loan. If you cannot repay your loan based on your bank or credit union’s terms and conditions, you can face penalties.
Legal funding for airbag injury lawsuits is much more flexible than traditional loan options. The application process for getting your loan is seamless. You do not have to pay back your lawsuit loan unless you win or settle your case, either.
What It Takes to Get Airbag Lawsuit Pre-Settlement Funding
Before you apply for a lawsuit loan, you must hire a lawyer. This enables you to receive legal representation throughout your litigation. Plus, your attorney handles communications with your legal funding company.
You can submit a request for lawsuit funding online or over the phone. The entire process usually takes just minutes to complete. When you are done, a lawsuit loan company reviews your request and gives you a personalized quote.
Silver Dollar Financial is a leading provider of pre-settlement loans for airbag lawsuits. Our legal funding specialists can discuss our loan options with you. For more information, get in touch with us.
Benefits of Airbag Injury Lawsuit Loans
Weighing the pros and cons of airbag lawsuit funding versus personal loans can be difficult. Ultimately, there is a lot to like about pre-settlement loans. The benefits of legal funding for airbag injury lawsuits include:
Flexibility
You may be able to get up to $100,000 with a pre-settlement loan. A lawsuit funding company tailors its quote to your case. Along with these things, you can use your legal loan however you choose.
Fast Approval
It may take weeks or months to get approved for a personal loan. Comparatively, a legal funding company does not require a credit check, which speeds up the approval process. After your loan request is accepted, you can get your money in days.
Do Not Pay Back Your Loan Unless You Get Compensation
Legal funding repayment is 100% dependent on the result of your lawsuit. If you do not receive a settlement, you are not required to repay your loan. In this scenario, your lawsuit funding company clears your balance, and you keep the money that was already given to you.
If you are unsure about whether now is the right time to move forward with airbag injury lawsuit legal funding, the team at Silver Dollar Financial can help you out. We can discuss our pre-settlement loans and help you get one that lines up with your expectations. To get started, contact us today.