Have you suffered injuries due to a car accident and hit the maximum payout with your insurance? If so, a car accident lawsuit loan could be the lifeline you need. While there aren’t stringent regulations about the number of loans you can take or how much a lender can give, it’s critical to be fully informed.
How many car accident loans can I secure? This is a question we often encounter.
Although there aren’t exact limitations on the number of legal funding opportunities you can pursue or the amount a lender can provide, certain guidelines determine when and how car accident loans are most effective.
Primarily, lenders specializing in auto accident loans prefer clients who haven’t been entangled in an excessive number of lawsuits or faced numerous personal injury claims.
So, what should you consider when seeking a car accident loan after sustaining an injury? Here’s the lowdown…
The prevalence of auto accidents in the United States: One out of every ten drivers is likely to be involved in an auto accident at some point in their lives. Even if you’re among the fortunate ones who have never experienced a car accident, the odds suggest it could still occur.
However, for most people, especially those recovering from an injury or dealing with a loss of income, the financial impact of an auto accident can be overwhelming without immediate access to funds.
That’s where we come in. At ECO Pre-settlement Funding Company, we offer car accident lawsuit loans. If you’ve been injured in a car accident and have a pending lawsuit, you can apply for a loan with us. These settlement advances are made using a part of your anticipated settlement earnings, or final payout, as security. If your case is successful, you’ll repay the loan plus interest. But here’s the best part: if you lose, you owe us nothing. This is our commitment to ease your financial burden while you focus on your recovery.