According to the World Health Organization, up to 50 million people are injured in road traffic accidents each year and car accidents are the ninth leading cause of death in the world. Motor vehicle accidents are projected to be the fifth leading cause of death by the year 2030. One in 25 drivers has confessed to falling asleep at the wheel in the last 30 days. Traffic accidents are a tragically common occurrence.
A car accident loan is not a loan, but a cash advance on any potential settlement of your case. This advance is not subject to collection and depends on a legal agreement. If no legal agreement is reached, you are not responsible for repaying the loan. If you need money to cover your medical expenses, bills, car repairs, or other damages incurred due to your accident, apply for a pre-settlement loan.
How can I get a car accident settlement loan?
Getting a settlement loan is really easy and can be done from the privacy of your home by following these simple steps:
- Submit your application online or by phone
- Your lender reviews the details of your case with your attorney
- The lender usually contacts you as soon as possible, and sometimes in less than 24 hours
- If you qualify, your lender sends an agreement to your attorney
- You and your attorney approve the settlement together
- Your lender sends you a check
Settlement loans can reduce the stress and inconvenience you experience due to your accident. Just because your life had to stop because of your accident, doesn’t mean your expenses will stop. Working with professionals who handle cases like yours and getting a pre-settlement loan can help reduce your financial setbacks.
Should I apply for a car accident pre-settlement loan?
Health care costs are expected to rise by an average of five percent each year for the next decade. Keep in mind that rising medical costs, the inflated cost of living, and the pain and suffering of being involved in a car accident are all good reasons to apply for a
Lawsuit loans from Baker Street Funding.
Have you suffered an injury as a result of an accident and hired an attorney? If so, then you qualify for a pre-settlement loan. Most auto accidents are covered, including common accidents such as bicycle, motorcycle, Uber and ride sharing, commercial vehicle, bus, and other accidents that result in fractures, broken bones, loss of limbs, head injuries, tissue damage , etc. Every accident case is unique, but there are significant benefits to applying for an accident loan.
You should apply for a pre-settlement loan if you need help covering medical, legal, and living expenses, need more time to negotiate a favorable settlement, and avoid going into debt while the status of your case is still pending.
How much is my deal worth?
No two injuries are the same, so it is important to establish that your settlement will be based on the severity of your injuries. The attorneys and the insurance company must consider all the complexities of your case before determining what your settlement may be worth.
How is the amount I qualify for determined?
The amount your loan qualifies for depends on the severity of your injury. Your pre-settlement loan is based on your settlement potential. The seriousness of the injury, whether you need surgery, and how you have adjusted to life after the accident all play a role in the amount of your settlement. If you have been involved in an accident, be sure to consult an attorney to maximize your chances of getting the amount you deserve.
How long will it take to get my cash advance when I’m approved?
Financing can be approved and delivered within 24 hours once the lender has spoken with your attorney and the financing company determines that your case warrants a cash advance, but there are no guarantees.
What can I pay with my car accident settlement loan?
You can use the loan as you wish; there are no requirements that determine what you can use the money for. Other victims who have received car accident loans have used their money for living expenses, legal fees, medical bills, and to cover the various expenses involved in maintaining and restoring their livelihoods.
How can a car accident loan help me win a bigger settlement?
To maximize the return on your case, your attorney will need as much time as possible to defend you. Some auto claims can last for years and without a loan, but most people can’t wait that long. A car accident loan will encourage the patience needed to win against those multi-million dollar insurance companies.
Insurance companies understand that many claimants give up and settle for lower payments because they feel the external pressure of bills and expenses weighing on them. Insurance companies have one goal and that is to pay you the least amount possible.
If you’ve decided that a car accident settlement loan is right for you, be sure to contact the knowledgeable professionals at Baker street Funding. Baker street funding offers a transparent, no-upfront, no-risk loan service that’s quick and easy. They will cooperate with your legal team to provide you with the financial support you need.
