No one starts the day with the intention of being involved in some sort of accident. Even so, the potential for you to be injured because of the actions of another party are quite real. What would you do if earning a living became impossible for a time? If you are like most people, your savings and other resources would only keep you going for so long. Choosing to seek a settlement loan is a solution that allows you to remain in control of your finances. Here are four examples of what that loan can do for you.
Covering Outstanding Medical Costs
Your recovery will not happen overnight and it will involve ongoing medical care. Along with time spent in the hospital, you will need physical therapy, medication, and possibly the aid of a care giver to help you with day to day tasks. Where will the money come from to cover what your insurance does not?
You will find that a Casemarkfinancial.com settlement financing arrangement is just what you need. Disbursement options allow you to receive the proceeds in one lump sum or you can go with monthly installments. You once again have funds on hand to keep on top of your medical expenses and not have to worry about paying for them as you go.
Keeping a Roof Over Your Head
When you are not able to work during the recuperation, finding ways to pay your monthly living expenses can be difficult. The last thing you want to do is damage your credit rating by falling behind in the mortgage payments or being consistently late with utility payments. You will find that the money from the settlement loan allows you to pay everything by the due dates and keep your excellent credit rating.
Covering the Car Payment
Just like your rent or mortgage must be covered every month, there’s the matter of making the car payment. It’s true that you will not be using the car until your recovery reaches a certain point. Even so, the car loan lender does expect to receive those payments on time. Money from the loan will ensure you remit those payments in plenty of time to post before the due date.
Making Those Unsecured Payments
Along with keeping up to date on your mortgage and utilities, the proceeds of the loan can also be used to take care of your other monthly obligations. Do you have a open balances on a credit card or two? With the money from the settlement loan, you can continue to make those payments on time. This is another way you can retain control and ensure that those positive reports to the major credit agencies continue and your credit score remains healthy.
The bottom line is that the money from the settlement loan allows you to manage your financial obligations responsibly and avoid worrying about how to cover it all while you recuperate. Contact a loan professional today and find out about injury loans and what they can do in your situation. You will find that this approach is one of the most practical solutions on the market today.
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