08 Aug 4 Tips On What To Spend Using Your Pre-Settlement Loan
Once you decide to take a pre-settlement loan, it’s time to figure out what to do with that money. It can be easy to feel overwhelmed about what to pay for and how to use your pre-settlement loan amount. The last thing you want to do is to get a pre-settlement loan with no plan, because you could end up using all that money quickly. If that happens, then you’ll be right back where you started. That’s why these four helpful tips below will assist you on making the most out of that pre-settlement loan.
1. Medical Needs
Chances are if you are involved in an accident, there are going to be critical and urgent medical procedures. However, problems can arise when insurance companies are slow to pay for the procedures or only provide limited coverage. Skipping out on important procedures and care, may end up worsening your problem and end up costing you more in the end. A pre-settlement loan helps avoid this by giving you the money you need now. Thereby, allowing you to pay for these procedures and allowing you to return back to optimal health.
Food and other necessary items need to be accounted for when creating a budget based on your pre-settlement loan. While you wait for your case to settle, you still need to be able to eat and have the basic necessities covered.
Your injury or injuries can take you out of commission from work. Missing work means lost income. This might lead you to quickly think that you will lose your house or apartment if you cannot keep up with paying the bills. Your cash advance can alleviate that fear by offering you the money to pay for those things. Don’t add unnecessary stress to your situation by worrying if you will be living on the streets. So, make sure to put housing in your budget when figuring out how to spend your cash advance.
Even while you are injured, you are still going to have to make car payments (if this pertains to you). It’s easy to forget about how important it is to be able to drive yourself everywhere, especially to your medical appointments. Depending on others to take you around isn’t the best option. Plus, you will be restricted based on their schedule.
Now is the time to secure your financial future while you await your settlement. Don’t settle for anything less than the amount you deserve. Make sure you receive the money that should be awarded to you by calling us at 1-800-922-7439 today. We are available 24/7, because we know the world doesn’t stop for anybody. So, let CLF have your back with pre-settlement funding.