Getting into a car accident is stressful in and of itself, but when you add injuries and having to deal with insurance companies and attorneys, it can become a real nightmare. It’s needless to say that people don’t usually have the cash for lawsuits lying around, which only adds to the stress. However, there are legal finance loans and pre-settlement funding solutions you can apply for that might help you deal with the situation a bit more easily. Here are our top 3 reasons to apply for car accident loan.
You’re Seriously Injured and Can’t Work
Car accidents can lead to a variety of injuries, with some being more serious than others. However, many injuries sustained in car accidents will prevent you from working, which might lead to missed wages. As a result, you’ll not only be struggling to cover the lawsuit expenses, but you also might be left without your usual source of income.
Lawsuits take a long time to settle, and the bills pile up rather quickly. Pre-settlement accident lawsuit funding will help you cover the lawsuit expenses, as well as any other expenses that occurred as a result of the accident.
Insurance Companies Are Low-Balling Your Case Value
Insurance companies have one goal in mind when dealing with a claim – they either want your case dismissed, or they want you to accept the lowest amount of money possible. The longer you and your personal injury attorney are willing to sit on your case, the more obvious it will be to the insurance company that you mean business.
In other words, if you give your lawyer the time required to properly fight for your fair compensation, your case will increase in value. However, this waiting game can have serious effects on your finances and life in general. The longer you wait, the more bills and expenses will pile up, which is why applying for personal injury funding might be a good idea.
Obtaining a Car Accident Settlement Loan Is Easy and Risk-Free
Applying for legal funding for lawsuits in Tampa is straightforward and you can get an advance in a matter of hours. In fact, it can anywhere from 24 to 48 hours to get an advance. And while you need to think about your credit score when applying for a new credit card or a bank loan, the only factor affecting legal settlement loans are your chances of winning your case.
Another thing about car accident loan is that they are completely risk-free. They are non-recourse loans, which means you don’t have to pay them back unless you win your case. All the risk is placed on the lender, so if you don’t get compensated by the insurance company, you will not have to pay anything back.