After a car accident, victims suffer extreme financial burdens, but they don’t have to. Keeping up with daily expenses and adding car accident expenses is not feasible for most families. While you await compensation from a claim, the bills will continue to come in, and you will continue to be out of work.
Negotiations with the car insurance company are slow, and many victims become desperate, resulting in taking a lower payment than what their case is worth. As a plaintiff in an auto collision claim, you can now get money from your settlement from legal funding. You can receive an answer within a few days and get cash in your account immediately upon approval.
High Rise Financial has legal funding options available for accident victims in Nebraska.
Car Accident Loans in Nebraska Simplified
The legal process is tedious and requires patience from all parties involved. It can feel like an impossible struggle, and keeping your head afloat is challenging. You might want to avoid dealing with other complex processes, but pre-settlement funding is not one of those tricky situations.
Nebraska car accident loans are simple and beneficial for victims. These funding options go by many names, but the legal loan process is the same regardless of whether they are referred to as legal loans or pre-settlement cash advances.
Nebraska car accident loans are cash advances with low-interest rates to victims of car accidents. Job and credit are not factors in determining eligibility. The loan or cash advance is made using your pending accident settlement as collateral.
Accident victims will not take risks as they do not repay loans from personal funds. These are non-recourse loans, meaning victims only pay when they receive a settlement, and if they receive nothing, they pay nothing.
Spending Car Accident Loan Funding
When your budget is beyond stretched and making ends meet seems impossible when considering car accident expenses, it is time to look for other options. There are no legal restrictions on what you can spend your Nebraska car accident loan on, and people use these funds for different financial obstacles. People often have to make do with less, and there is no telling how long an accident claim will take.
While the decision is up to you for what you will use the funds on, plaintiffs often use the money on:
- Food and utilities: covering groceries, light, and water bills
- Medical expenses: copays, medication expenses, surgery, and other expenses not covered through insurance.
- Shelter: rent, mortgage payments, and preventing eviction or foreclosure
- Avoid penalties: Avoid late fees, overdrafts, and insufficient fund fees by getting bills up to date.
As you can see from the statistics in the previous section, car accidents can result in substantial costs, often resulting in bankruptcy and debt for plaintiffs. Nebraska car accident loans will alleviate some of these costs. Securing legal funding will help keep you afloat as unpaid bills get worse and new bills pile up.
Nebraska Car Accident Loans Can Help Your Case
The primary benefit of Nebraska car accident loans is to clear out some debts and pay for expenses, but another overlooked benefit exists. A pre-settlement loan can also help your case. The insurance company will use tactics to delay valid claims. They will continue to offer low offers and negotiate longer than necessary.
They do this to put accident victims into a corner where they have no choice but to settle. Victims become overwhelmed by the mounting debt. They take the offers so that they can pay their debts.
Since insurance companies are hoping plaintiffs will get desperate, they do not like it when a car accident victim has money to keep them afloat and a solid financial foundation. Insurance companies find it challenging to use the same delay tactics and will settle your case when they should. Plaintiffs can use legal funding to leverage their power and refrain from accepting a meager offer.
Your lawyer also benefits because they can fight for fair compensation and not worry about your finances.
You Can Get a Portion of Your Settlement Now
Nebraska car accident victims over 18 who have an active case and retained an attorney are pre-qualified for car accident loans. However, the amount you can get will depend on your damages and potential settlement. Most pre-settlement loans are between 10 and 20% of the estimated case value.
High Rise Financial will review all elements and determine an appropriate percentage when determining how much to offer victims. High Rise Financial will speak to your lawyer and determine the case worth and merit of the claim. With that information, we can decide how much funding we can offer.
When a plaintiff gets an offer from High Rise Financial, they should consider it before accepting. Sometimes, one car accident loan is insufficient to cover your expenses, and you can apply for a second one later.
Fast Facts About Car Accidents in Nebraska
For 2019, the Nebraska Department of Transportation reports 248 people were killed and 17,198 injured during car accidents. There were 36,706 collisions statewide, and 24% of fatal crashes involved alcohol use. The Centers for Disease Control and Prevention (CDC) reports that traffic collisions lead to $349 million in costs for deadly accidents.
While these are the worst outcomes, they give plaintiffs a sense of how expensive a car accident can be when there are injuries and extensive losses. Costs associated with car accidents include lost wages, medical bills, property damage, administrative expenses, and more.
When You Need a Car Accident Loan in Nebraska, Call High Rise Financial
High Rise Financial offers financial security by providing car accident loans throughout Nebraska. Legal funding is an excellent tool to cover medical bills and costs from car accidents. It also benefits your accident claim. High Rise Financial has a team with experience reviewing and approving legal funding.
We swiftly gather the necessary information about your claim to determine how much we can offer you. Contact us today to learn more about High Rise Financial’s legal funding options. Get the Nebraska car accident loan you need today.
The application process is straightforward, and you can receive your funding soon after your approval.