While many people avoid taking out a loan, it may be a necessary way to fund your workers compensation lawsuit. You can obtain a loan through a variety of financial institutions and for a variety of purposes. However, for a workers compensation lawsuit, you have another option. This is called a lawsuit loan, which is really a cash advance against any future settlement or award from your workers compensation lawsuit. Read further for more information on this financial tool for funding your lawsuit.
Why Obtain a Workers Compensation Lawsuit Loan?
A workers compensation lawsuit loan is sometimes referred to as a pre-settlement loan. It works as a cash advance against your future settlement or award. Typically, you use this method if you have a pending lawsuit with the possibility of receiving a substantial amount of money. It puts cash in your pocket while the lawsuit is moving through the negotiation stage and into the trial stage if necessary.
Although lawsuit loans may be taken out for a variety of lawsuits, they are most commonly used for personal injury lawsuits. This helps you if you have been injured and need the cash to help cover lost income, daily expenses or medical bills.
How Does a Workers Compensation Lawsuit Loan Work?
Once your attorney files the lawsuit, you can apply for a workers compensation lawsuit loan with a lending company. The company will do some research to evaluate your case to determine if you might receive a significant settlement or award. The company will base its offer of a cash sum. You come to an agreement to pay back the amount with interest and a funding fee, but this money comes out of the future settlement. You pay nothing while the lawsuit is pending. You repay the loan after receiving the award or settlement.
Who Needs a Workers Compensation Lawsuit Settlement Loan?
Lenders will sometimes offer a lawsuit loan to a plaintiff in a workers compensation lawsuit. It is a type of personal injury claim. If you have been the victim of a workplace injury, you may have a strong claim against the employer. However, it can take years for a lawsuit make it to trial, so the employer may make you a settlement offer. Typically, the first offer is inadequate to cover your losses.
Having the cash available from a workers compensation lawsuit loan allows you to wait for a better offer or go to trial. This is especially helpful if you are unable to work due to the injury, which means lost income. Your living expenses and medical bills continue to grow as your savings become depleted. A lawsuit loan may help in these circumstances.
Funding a Workers Compensation Lawsuit
Lawsuit lending is a relatively new financial product designed to help plaintiffs who expect to win a substantial judgment or accept a sizeable settlement. Here’s how they work.
When you file the workers compensation lawsuit, you can research several lawsuit funding companies. Check with each to determine their fees and interest. The company will gather information on your case. Frequently, this means they will contact your attorney for documents. Based on their evaluation, the company will offer you an amount of cash. In exchange, you make an agreement to pay the company the principal amount plus a funding fee from the proceeds of your judgment or settlement. Most companies do not require you to make payments while the case in pending, and many will not expect repayment if you lose at trial.
Repaying the Workers Compensation Litigation Funding Lender
You repay the loan from the proceeds of the settlement or trial award. In general, when you obtain a judgment or reach a settlement with the defendant, some specific expenses will be paid before any other expenses. This includes your attorney’s fee, litigation expenses, court costs, process server fees and medical liens. The liens may come from hospitals, doctors or other medical providers. The lawsuit lender will be paid next, and the balance is paid to you.
It’s difficult enough to try to recover from a workplace injury. When you can’t work, it is even harder to keep up with the bills. A workers compensation lawsuit loan may be a great method to stay on top of the bills.
Sports Injury Loans
It can be difficult for athletes to overcome an injury. Athletes are often forced to sit out the game for long periods of time because of an injury. If an athlete earns their living from playing a sport, then they may not be able to earn an income while they are are hurt.
This can put a person in a tough spot financially. Furthermore, injured athletes have to deal with their piling medical expenses. The good news is that people who have suffered a sports injury and are waiting for a settlement can get a lawsuit loan.
What is a Sports Injury Lawsuit Loan?
It can be time-consuming and difficult to file a lawsuit loan. A lawsuit loan can be used to cover the expenses that you have incurred due to your injuries until you get your settlement check. When you get your lawsuit loan, the lender will buy the rights to receive all or part of your settlement.
How Does the Lawsuit Loan Process Work?
The process of getting a sports injury loan is safe and secure. You will need to apply for the lawsuit loan. After that, the lender will get in touch with the law firm that is handling your case. You will receive your loan shortly after you have been approved for the loan.
How do I Qualify for a Lawsuit Loan?
It is easy for you to qualify for a lawsuit loan. If you have a sports injury case, then you will likely qualify for a lawsuit loan. You can qualify if you have one of the following medical conditions.
- Bone Injuries
- Back Pain
- Head Injuries
- Heel Pain
- Joint Inflammation
- Knee Pain
- Shoulder Pain
If you are unsure about whether your sports injury case qualifies, then you will need to contact us.
Benefits of a Lawsuit Loan
Make No Payments Until You get Your Settlement
You will not have to make any payments on your lawsuit loan until you receive your settlement. This will greatly reduce your stress because you will have the funds that you need to pay your bills and maintain your lifestyle. Many people who suffer a sports injury are barely getting by. That is why lawsuit loans are the ideal option.
Give You More Time to Negotiate
Many people are forced to take a low settlement because they need the money right now. If you take out a lawsuit loan, then you will be able to spend more time negotiating. A lawsuit loan will not only alleviate stress, but it can also help you get a better settlement.
No Income Verification
Unlike other loans, you will not have to verify your income. The lender understands that you may not be able to provide proof of income because you are not working. It is easy for you to qualify for a lawsuit loan.
Credit Does Not Matter
Most lenders require that you have excellent credit in order to qualify for a lawsuit loan. That is why people who have less than perfect credit are often turned down. However, your credit score will not matter if you apply for a lawsuit loan. The lender will not evaluate your assets either.
You will not have to worry about waiting several days to get the funding that you need. Lenders understand that you do not have days to wait when your bills are piling up. Millions of people have been able to maintain a comfortable lifestyle while they were recovering from an injury thanks to lawsuit loans.
Nursing Home Abuse Neglect Lawsuit Loans
Unfortunately, there are forms of nursing home abuse that occur aside from physical hitting, slapping, and other prominent signs that you can see. When you trust others with the care of your loved one, you don’t expect these actions to take place. You want the person you love to be cared for in every way, and when any kind of abuse occurs, it’s important to alert the proper authorities. If you suspect nursing home abuse, then you should document all of the details before giving the information to an attorney or a local police department. Your attorney can work with authorities to determine the extent of the abuse and how to properly handle any claim that you could have against the nursing home. Common types of nursing home abuse aside from those that are physical include medical neglect where workers don’t give residents their medications or don’t treat medical issues. Sexual abuse, financial abuse, and mental abuse are other common types that occur most frequently in nursing homes. Some are harder to prosecute than others because people might not want to say anything to family members or other workers in the home.
Once you bring allegations against the nursing home, you might not know how you’re going to be able to afford to pay the attorney fees. There are nursing home abuse neglect loans available through various agencies that can provide the funds needed to fight back against those who have harmed your loved one. Some loans that are available don’t have to be paid back until the case is won in court, which means that you can focus on providing the necessary care that your loved one needs or finding another facility that can provide the needed care without abuse involved.
An option that you have is to accept a one-time payment. This is beneficial if your attorney believes that the case against the nursing home can be handled swiftly and with ease. You can use the money to pay the attorney’s fees and to assist in providing care for your family member if there is any money left over from the loan. A monthly loan payment can also be given. If you need time to gather more evidence of abuse that you suspect is taking place in the nursing home so that your attorney can develop a case, then a monthly loan payment might be the best option to consider. You could also choose a loan that is given as the case progresses so that you can give your attorney money with each step that occurs.
When you talk to your attorney about monetary damages, it can sometimes be difficult to attach a price to the abuse that has occurred. However, there are a few factors that your attorney can consider when trying to decide on the monetary damages to ask for in court. Once the amount has been established, then the loan amount is usually based off of this so that you have the money that would receive from the settlement, allowing you to pay your attorney and cover other essentials until you receive the settlement money. One of the primary factors that will be considered involves economic damages. These are the legal fees that you have and any expenses for medical care, especially if your loved one needs ongoing treatment because of the abuse that occurred. Your attorney will also consider pain and suffering as well as emotional abuse and any kind of enjoyment that is taken away from life in general. Most nursing home abuse neglect loans are available within 24 hours and don’t require a credit check.
Bike Accident Lawsuit Loans
Were you recently injured in a bike accident? If you were not the person who caused the accident, there is no reason why you should be the one who foots the bill for it. If the guilty party or even your insurance company shows no signs of giving you the full settlement you deserve, don’t panic. There is a place you can go to get the money you need to file a claim in court in order to receive the damages you are owed.
Why Do You Need to Take Out a Bike Accident Loan?
There are many reasons why you may need to take out a special bike accident loan. Your accident may have caused you severe injuries. You may have spent several days, weeks, or even months in the hospital. You may have had to receive a special level of care, accompanied by the prescription of expensive medications. This may have been followed by a regimen of rehabilitation and therapy that may yet be ongoing.
All of the above costs plenty of money. But think about the wages that you may have missed while you were unable to report to your job. You may even have been fired after using up all of your vacation and sick days. You now have to worry about making your home and car payments. You may even still be on the hook for payments on your bike, even after it was totaled. Where is this money going to come from?
Where Can You Go to Get a Bike Accident Loan?
The obvious answer is to take out a bike accident loan so that you can file a lawsuit against the person who caused your injuries. This may be the only reasonable hope that you have of ever getting the full settlement that you require to recoup your costs. Your insurance company is in business to take in money, not pay it out to anyone who files a claim. As a result, they may have offered you a settlement that was barely adequate to cover your medical bills – or no settlement at all.
You don’t have to stand by and let the insurance company add insult to your injuries. You can get the loan you need to file a lawsuit and recoup your expenses. The best source to go to is a reputable and verified provider of legal loans. Your lender will give you the money you need to file your lawsuit.
What Kind of Injuries Does a Bike Accident Claim Cover?
Bike accident loans are usually provided to people who have suffered serious injuries due to an accident that occurred while they were riding their bike. These injuries can include, but will not be limited to, the following:
- Wrongful death
- Damage to the brain
- Damage to the spine
- Partial or Total Paralysis
- Broken or fractured bones
- Damage to the soft tissues
What Kind of Loan Can Get for Your Bike Accident Lawsuit?
The total amount of the loan that you will receive to file your bike accident lawsuit will be determined on a case by case basis. You may normally expect to receive anywhere from $500 to $50,000. The amount will be calculated on a number of factors, largely depending on the extent of your injuries and the amount of your total costs.
The Time to Claim Your Bike Accident Loan is Now
If you are ready to file a lawsuit in order to get the damages you are owed, we can help. The goal of a loan is not only to help you get the funds you need to file your suit but also to make sure that you won’t have to cave in to a lowball offer from your insurance company.
In most cases, you won’t need to submit to a credit check in order to get the loan you need. You can feel free to contact us to get the ball rolling on getting your capital. While mainstream lenders like OnDeck, Kabbage, etc, won’t fund you – we will. We’ll be happy to answer your questions. Get in touch with us today to learn more about what we are prepared to do on your behalf.
Shoulder Injuries Lawsuit Funding
The most common source of shoulder injuries is sport injuries. According to the CDC, over 50,000 basketball players, bicyclists, and football players reported having a shoulder injury in a 10 year period.
Another fact is that it doesn’t take much to obtain shoulder injuries. Besides sports, these injuries occur from car accidents, work accidents, slips and falls, and more. The shoulder is a socket and ball joint with three major bones, including the clavicle, the scapula, and the humerus (arm bone). These bones are connected at the shoulder joint by the joint capsule, tendons, muscles, and ligaments. The shoulder joint has the largest motion range in the body which comes with advantages. However, this joint can also easily get injured through accidents. And as a result, shoulders will encounter strains, sprains, tendinitis, separations, dislocations, fractures, and arthritis deriving from repeated misuse.
With these disturbing statistics and realities of shoulder injuries, athletes and regular people will most likely go through financial hardship after getting the injury. These victims will have little to no mobility to carry on work and other daily activities. Also, shoulder injuries are highly complex, and they are not always properly diagnosed following the accident. Thus, the victim will most likely go through several doctor visits and obtain physical therapy and chiropractor service on a routine basis. These treatments can last from months to years. In other cases, the person may require surgery which may take even longer to recover.
Furthermore, when it comes to obtaining compensation for loses through worker’s compensation, the insurance company, or legal representation, the person may not receive a settlement or judgment for several months years to come. With this in mind, it will behoove the person to obtain a shoulder injury lawsuit loan.
When it comes to going through the process of getting a settlement/judgment for an injury, more reputable companies came along to assist the injured in financial relief while they undergo their legal and medical procedures. These companies know and empathize with people who are going through the pain, suffering, loss, and so forth that comes from a shoulder injury. The injured person should review the credibility of these companies to ensure the company is legit and reputable. The status of these companies can be seen through the Better Business Bureau and through trustworthy online consumer reviews.
The amount of shoulder injury lawsuit loans is very broad. The loan amount can range from $500 to $1,000,000, depending on the company. These organizations will provide a loan amount to help tie victims over until they receive the settlement from the pending shoulder injury claim.
Other Viable Information about Shoulder Injury Lawsuit Loan Companies
More popular and reputable loan companies of these magnitudes make it very convenient for their clients. People can now apply online on a quick, easy form for financial services. These applicants can get approved in 24 hours. Also, in some states, people can obtain an advance in a little as 24 hours on their pending workers’ compensation settlement. These top-notch agencies will also offer a free evaluation.
Life happens! Nevertheless, it is wonderful to know that there are ways to get relief while going through the perils of life. Obtaining a shoulder injuries lawsuit loan from a reputable, trustworthy financial institution is the way to go. The victim and his/her loved ones can have peace of mind knowing that they will be just fine during this trying time. The victim can heal appropriately physically, mentally, and emotionally, and the loved ones can heal mentally and emotionally as well as they won’t have any worries concerning their finances and their injured loved one.