Crashing your car can be devastating, physically, emotionally and financially, turning your life upside down and creating untold stress. Medical bills, car repairs or replacement, and lost income can add up quickly, even if you have insurance. If your family relies on you to provide financial stability, the stress factor goes up exponentially, especially if you are injured and need to miss work.
If a car crash has wiped you out financially and you are waiting for the settlement of your personal injury case, a pre-settlement cash advance may help relieve some pressure and help you get your life back on track. A pre-settlement cash advance gives you the money you need today, to be paid back when your case settles.
How a Cash Advance Can Help
After an auto accident, there are a lot of details to sort out. Your injuries may prevent you from going to work, and damages to your vehicle can keep you from getting where you need to go. If your car is totaled, you may need to find alternative transportation, while still making monthly payments on your wrecked vehicle.
Common post-crash expenses include:
- Medical expenses, including emergency care, ongoing treatments, prescription medications, lab fees and more.
- Legal fees if you need to retain an attorney.
- Regular monthly expenses like rent or mortgage, utilities and other ongoing expenses.
- Car payments, even though you may no longer have an operating vehicle.
- Lost wages for time taken off work.
A pre-settlement cash advance can help you stabilize your finances while your injuries heal, your car gets repaired and you get your life back on track.
How Pre-Settlement Funding Differs From a Loan
Court cases can take months or even years to settle, leaving you with medical bills and other expenses that can drain your savings and max out your credit cards. If you take out a traditional loan to cover your expenses, you will have to begin making payments almost immediately, potentially adding to your financial stress.
A lawsuit cash advance differs from a traditional loan in that repayment is contingent on you winning your case. If you lose, you owe the lending company nothing. If you win your case, the loan will be repaid, along with agreed-upon interest, directly from your settlement amount.
To qualify for pre-settlement funding, you will need to submit an application, along with documentation such as medical bills, police reports, witness statements, car repair bills and other documents that will help underwriters determine the extent of your damages and expenses. If your chances of winning your case look good, your chances of receiving funding are also good.
Pre-Settlement Funding at Cronus
There are a lot of settlement funding companies to choose from, but not all of them are reputable with a proven track record. At Cronus, we pride ourselves on integrity and transparency. We will review your case and give you an answer about your pre-settlement funding as quickly as possible. Don’t let a car crash turn your finances upside-down. Contact Cronus today and get the relief you need while you wait for your case to settle.