Your car accident recovery can be expensive. After all, you’ll have to find a way to pay your medical expenses and rehabilitation costs at a time when your wages have dried up due to an inability to work and your savings have been eaten away by your basic necessities. This can leave you in a vulnerable place where you may face the real possibility of debt collection efforts, eviction, foreclosure, and vehicle repossession. You can’t let your debt woes after a car accident get that far.
But figuring out how to make ends meet after a serious crash can be difficult. Where can you turn for help? How can you take at least some of the uncertainty out of your recovery? Let’s look at where you may be able to find assistance in covering your losses.
How to cover your bills after a serious car accident
Perhaps the best way to offset your damages after a wreck is to aggressively pursue a personal injury lawsuit. Yet, these claims can take a while to play out, which means even if you’re successful in your case, you’ll still have to find a way to pay your bills while you wait for everything to play out. Here are some options that may be at your disposal:
- Using the insurance policies in play: Insurance policies are incredibly detailed. You need to understand yours and the other driver’s so that you can fully utilize those policies.
- Turning to family members and friends: If you’re lucky, you have several family members and friends who are willing to assist you in your time of need. While these individuals might be willing to provide you with non-financial assistance, they may be willing to lend or even outright give you money to assist in your recovery, too. Don’t feel like a burden if you need to ask. If you want to make everything seem more formal and make it clear your intent to pay back a loan, then you can reduce your borrowing agreement to writing.
- Asking for a hospital lien: Your medical debt will quickly come due. If you don’t have the money to pay your it, then you should think about talking to your medical provider to see if they’d be willing to hold off on collecting that debt until your personal injury case resolves. In many instances, hospitals and medical providers are willing to do this so long as there’s a written promise that they’ll be paid first once you recover compensation from your claim.
- Considering a lawsuit loan: If you’re really in a bind, then you can consider a lawsuit loan, which is meant to bridge the gap between the onset of your injury and your personal injury lawsuit recovery. Although they can be helpful, these loans can also be dangerous since they oftentimes carry high interest rates, and they have to paid back regardless of the amount of success you have on your legal claim.
Fight to recover the compensation you deserve after a car accident
As you’re focusing on your recovery and figuring out how to pay your bills, you still have work to build your personal injury lawsuit. You only get one shot at imposing liability and recovering the compensation you deserve, so be as thorough and as aggressive as possible when building your claim. Gather evidence, talk to witnesses, and educate yourself on the law so that you know how to utilize it to your advantage. Hopefully then you’ll be able secure the outcome necessary to put you on the path to the full recovery you deserve.
