After a bus accident, many people wonder how they will be able to make ends meet until they get their settlement. After all, they still have bills due even if they can’t work, and this financial pressure leads many people to take a small settlement early just to get a small fraction of the money they could receive in a more timely manner.
How Long Do Bus Accident Settlements Take?
There are no hard and fast rules about how long settlements for cases like these can take. The duration of a case depends on numerous factors, including how many people were injured, how severe your own injuries are, what caused the accident, and how efficient communication is among numerous entities. It’s not uncommon, however, for bus accident settlements to take several months, or even over a year.
Some bad actors know that people injured by these accidents struggle financially in the weeks and months after they occur, and they purposely try to delay progress on the case in hopes that people will settle out of court for less money than they would otherwise be entitled to. It’s understandable why victims would jump on an early settlement offer, but taking out a bus accident lawsuit loan while you wait could actually help you get a much larger settlement down the road.
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How Would a Bus Accident Lawsuit Loan Help Me?
Instead of taking a settlement when it’s first offered due to desperate financial circumstances, many people involved in bus accident lawsuits have found that lawsuit loans are a simple way to make ends meet until they begin receiving their payout from the suit. Lawsuit loans, unlike loans from traditional lenders and banks, can be used for anything, from medical bills to groceries and anything in between. You can even use them for car payments so that you can avoid taking the bus if that becomes too difficult for you due to physical and emotional reasons.
Bus accident lawsuit loans can buy you some time, and they offer the benefit of having low interest rates. Plus, you won’t owe any money until you get your payout. These loans are often thought of as borrowing money from your future self; the self that has received payments from your bus accident lawsuit. Instead of struggling and barely getting by while your medical and therapy bills pile up, you can focus on getting better, as a lawsuit loan can help you maintain a somewhat normal standard of living.
What Do I Need to Do to Get a Bus Accident Lawsuit Loan?
Traditional loans often require all kinds of background checks, financial documentation, and proof of assets before you can even meet about potentially getting a loan. Lawsuit loans are entirely different in that you don’t even need to submit your credit score or other information about yourself.
You just need a qualified lawyer already working on your case and to complete a form with basic information about you and your case. From there, case reviewers will take a look at your case and determine how likely you are to win and what amount you are likely to receive.
If your application is approved, you will be entitled to receive somewhere between 10-20% of your anticipated payout from the suit. You can usually get your payment in as little as a few days, meaning that you can stop worrying about keeping the lights on and putting groceries on the table quickly. The maximum amount we can give is $100,000, but you can always apply for another loan if you run out of funds.
What Happens if I Lose My Case?
Like many areas of life, there are no guarantees about whether you’ll win your bus accident lawsuit or not. We understand that it can be terrifying to take out a loan on money that you aren’t even sure you’ll receive in the future, which is why we don’t require those who lose their case to pay us back. Our case reviewers only give out loans to people who have strong cases, but things don’t always pan out the way we think they will.
Being involved in a lawsuit of any kind is stressful enough, and having to worry about paying back a lawsuit loan if you didn’t win your case would be beyond overwhelming. Fortunately, you don’t have to worry about paying back your loan if you end up losing your case, which is one less thing for you to think about throughout the entire legal process.
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If You Were You in a Bus Accident And Need Funds Now, Contact Silver Dollar Financial
You can get a lawsuit loan from several loan agencies, but it’s important to choose wisely when looking at your lawsuit loan options. Some lawsuit lenders have hidden fees or predatory clauses in their contract’s fine print. At Silver Dollar Financial, we pride ourselves on providing lawsuit loans that genuinely help those in need of financial help and for providing exemplary customer service at every step of the process.
Our clients are from many areas all over Georgia, and our main office is situated in Atlanta. If you have been in a bus accident and are currently waiting for your settlement, fill out our fast and free online form to see if you qualify for a lawsuit loan with us today!