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Recovering Financially After a Truck Crash

Being in a serious truck accident can be physically and mentally devastating. It’s not unusual to suffer nightmares, sleep disorders and emotional upheaval after this type of collision in Homestead or your community. In addition, people who have been in a Hollywood truck accident may experience long-term and even permanent injury, such as brain injury, spinal cord trauma, lacerations, amputations, burns and other injuries.

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Financial distress is another outcome of many truck collisions in South Florida. If you have been injured in a truck crash, you may lose time at work and therefore lose income. If your injuries are long-term or permanent, you may be facing lost future income opportunities. In addition, the medical expenses of been seriously injured can easily add up to tens of thousands of dollars or more. If you’re permanently injured, long-term care and treatment can easily add up to in excess of one million dollars. The cost of replacing lost property or fixing a damaged car as well as incidental costs can quickly add up.

There are many things you will want to do to recover financially after your truck collision:

1) Speak to a personal injury attorney as soon as possible. A Hollywood trucking accident attorney can help you evaluate how much your accident may be worth, how much you are likely to have to pay for your total injuries and what you can do to protect yourself. The sooner you take action, the more you can protect your rights to fair compensation.

2) Create a budget. As soon as you realize you’ve been in a truck accident and will likely be facing financial challenges, it’s important to create a budget so you don’t overspend on nonessentials. This may be the time to scale back on discretionary expenses, to cancel subscriptions and to tighten your belt so that more of your money can go towards paying bills.

3) Take steps to protect your credit score. Your credit score is at risk if you are facing financial distress or cannot work. Always focus on making your bills current without paying off credit cards or other expenses in full right away. Pay your bills on time and do everything you can to protect your credit rating so that if you ever need financing, a new lease or financial help you have the credit rating for it. This might be a good time to order a copy of your credit report to ensure you haven’t been victimized by identity theft in the days and weeks following your truck collision.

4) Discuss your financial concerns with your attorney. If you’re working with a truck accident attorney in Hollywood or your community, it’s important to discuss any financial challenges you are having. Your attorney understands your concerns and may be able to suggest options or solutions.

If you’d like to speak to a Hollywood truck accident attorney following your collision, contact Flaxman Law Group for a no obligation, free consultation.