Compensation for a car accident in the Amber Valley
If you have ever been in a car accident in the Amber Valley, and it was not your fault, then you know how horrible and upsetting it can be. Monetary compensation can go a long way toward restorative measures, and while it cannot repair damage it can certainly help with other things.
That said, though, you may not be able to use your compensation award exactly as you would like. Even if you could use it as you would want, it may well be wise to put a little time into thinking of how best to do so.
Using your compensation after a car accident in the Amber Valley
More than likely, it is going to be a little while from the time of your car accident in the Amber Valley, to you getting any compensation from the ‘guilty’ party that caused it.
Because of this, it is possible that you may have had difficulty in meeting any additional expenditure you needed to make as a consequence of being hurt. This is especially true if your injury has resulted in lost income because of time off work.
If you were paid any kind of benefits, so that you are able to meet expenses that a part of your compensation award was intended to cover, it is entirely possible that you may have to pay this back at a later date. Failure to do so could result in you being prosecuted for benefit fraud. Check with the bodies that paid you the benefits before budgeting with your car accident in the Amber Valley compensation.
Also, if you have defaulted on any credit agreements, because of lost earnings, and you have set up payment arrangements with lenders, then you will have to let them know about your compensation award. If you do not and they become aware of your award, they could end any agreement you have come to and ask you to repay your owed amount in full.
Free legal advice from the experts
If you would like further advice on how your personal circumstances may affect what you are going to be able to do with any compensation award you were to receive, after being involved in a car accident in the Amber Valley, then call Accident Advice Helpline today on 0800 689 0500 or 0333 500 0993 from your mobile phone, to speak with one of our advisors.