AUTO ACCIDENT LOANS CAN HELP IN TIMES OF DISTRES
More than three million people are injured in an auto accident in just a single year.
In reality nothing can make up for the emotional pain and suffering of sustaining an injury from a car accident, The good news is the funds from a car accident settlement can help to offset the financial burden..
However, even though you know you’re likely to be awarded a hefty settlement in the future, it doesn’t do much to help you pay your ever-growing bills right now.
Whether you need to pay for medical bills, car repairs, or even personal expenses that have piled up because you’ve been unable to work, you may be able to access the money from your pending car accident settlement immediately.
Want to learn more about car settlement loans/lawsuit advances so you can get access to the money when you need it the most? After all, you have no idea how long it’ll take for your case to be completed, and you can’t afford to wait months — let alone years.
Read on to learn everything you need to know about pre-settlement funding.
The Basics of Car Accident Pre-Settlement Loans
First, let’s make sure you understand the basic definition of pre-settlement funding.
In short, it allows you to borrow/get early access to the money that you’ll be awarded in the future when you’ve reached a settlement in your car accident case. You may also have heard them referred to as lawsuit cash advances or litigation funding.
The best part?
It doesn’t matter how large or small you expect your auto accident settlement to be — in most cases, you’ll still be able to borrow a proportionate amount of money. Additionally, it often doesn’t matter how severe the injuries you sustained in your car accident actually are. Even with minor injuries, you may still be able to access some of your upcoming settlement funds early.
Essentially, you promise to pay your lender back for the money you borrowed once your settlement begins paying out. This means you can avoid having to make monthly payments because your loan is only repaid once you’ve reached your settlement.
You should look for a pre-settlement loan provider that only requires you to pay back your money in the event you do win your lawsuit/settle out of court. This preferred sort of Cash Advance is called a Non-recourse loan.
Now, let’s take a look at the top benefits of car accident settlement funding
Why You Should Borrow From Your Future Car Accident Settlement
Of course,auto accident pre-settlement funding allows you to pay for care and necessities while you recover and seek treatment for injuries you sustained in your car accident.
In fact, in some cases, you may even be able to get access to your money in 24 hours or less.
But there are numerous other benefits as well.
First of all, you’ll be able to stop spending your time arguing with your insurance companies that consistently try to low-ball you and settle your case for pennies on the dollar.
Plus, when you have access to some of the money from your upcoming settlement, you’ll be able to hold out for a much larger payout from your insurance company.
Additionally, in many cases, pre-settlement loans are much easier to access than loans from your bank. What’s more, you can use the money from a car accident settlement loan in any way you’d like — which isn’t always the case with traditional bank loans.
This means you can pay for your :hard cost” legal fees, medical bills, credit card bills, rent or mortgage, or even pay for a vacation to help ease your stress.
Finally, know that lenders don’t base their decision about whether or not to give you the loan on things like your current credit score, your income level, or the amount of debt you currently have. Instead, they look solely at the validity of your case.
This is wonderful news for those with bad credit scores or high amounts of debt.
Applying for a Auto Accident Settlement Advance
In order to be eligible for settlement loans, you’ll need to meet a few basic requirements.
First of all, you need to have an active court case — but don’t worry, you can apply for the loan at any point while the case is still active.
Additionally, you won’t be able to represent yourself in court if you plan to apply for a settlement loan. Getting the right legal representation is a smart move anyway, as it can prevent you from making mistakes that jeopardize your case and will likely win you a larger settlement.
Remember that the other party must be held liable for the accident. After all, if you caused the accident, you won’t be getting any kind of a settlement.
Above all, you need to ensure that you’ve done your research when it comes to your lender. Make sure you read online reviews, ensure they can fund lawsuits in your state, and that you know what to look out for.
Any company that guarantees approval or claims you don’t need to have an active lawsuit or an attorney to qualify isn’t a legitimate one.
Want to be certain you’re working with a settlement lending company you can trust?
Are You Ready to Apply for Pre-Settlement Funding?
The bottom line is – You don’t have to wait around to get access to money from a pending auto accident settlement.
Instead, by applying for pre-settlement funding, you may be able to get the money you need to pay medical bills and other expenses in as little as 24 hours.
Are you ready to start the application process and learn more about what to expect from pre-settlement funding?
If so, then we’re ready to work with you.
All you need to do is begin the process. Financial relief in the middle of an auto accident lawsuit is possible. Let us help you to get it.
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