RAF Bridging Finance Frequently Asked Questions
Here, you’ll find answers to some of the most common questions about RAF bridging finance. If you don’t find what you’re looking for, feel free to contact us for further assistance.
What is RAF Bridging Finance?
Is RAF Bridging Finance Right for You?
RAF Bridging Finance can be a valuable tool for those who find themselves in financial limbo while waiting for a settlement. It’s a financial lifeline that can help you cover essential expenses, maintain your quality of life, and continue your recovery without the added stress of financial uncertainty.
However, it’s not for everyone. Before deciding, take the time to assess your financial situation, understand the terms, and ensure the benefits outweigh the costs. When used wisely, RAF Bridging Finance can be the bridge to a smoother recovery and a quicker path back to financial stability.
How Does RAF Bridging Finance Work?
RAF Bridging Finance, with Roadbridge, is where you get a lump-sum payment, allowing you to access up to 25% of your RAF settlement. This payment is processed as soon as your settlement is reached, ensuring you receive funds without delay. Repayment is only required once the RAF settles your claim, making it a hassle-free and straightforward option for immediate financial relief.
Why Consider RAF Bridging Finance?
There are several scenarios where RAF Bridging Finance can offer you real value, and here are some of the most common situations where this type of finance might make sense:
- Immediate Medical and Rehabilitation Costs: Road accident victims often require ongoing medical treatment and rehabilitation. RAF Bridging Finance can cover those expenses to ensure the necessary treatment is not delayed due to financial constraints.
- Loss of Income During Recovery: Injuries sustained in a road accident can keep you from working, which can cause significant financial strain. Bridging finance helps replace lost income, ensuring you and your family can maintain financial stability as you recover.
- Debt Management: Without an income, falling behind on bills and other financial obligations is easy. RAF Bridging Finance can help manage debt payments, preventing your financial situation from spiralling out of control.
