If you have been injured at work, you may be experiencing financial hardship.
At Injury Wallet, we understand that workplace accidents can cause physical, emotional, and financial stress for the injured party.
Injury Wallet can help you find the best pre-settlement workers’ compensation loans so that you can cover your financial needs while you wait for your case to resolve.
So, What Is a Workers’ Comp Settlement Loan?
A workers’ compensation settlement loan is a type of pre-settlement funding. Pre-settlement funding is a type of financing that is similar to a cash advance.
So, if you are struggling to cover medical expenses and life necessities while waiting for your workers’ comp case to settle, a workers’ comp settlement loan may be right for you.
Most pre-settlement funding companies will evaluate the strengths and weaknesses of your case to determine if you qualify for legal funding.
The stronger your case, the better your odds are of qualifying.
If you do qualify, your legal funding company will advance you a portion of the projected settlement amount for you to use as you see fit.
Once your case settles, you will pay back the principal amount that you were advanced.
What If My Workers’ Comp Claim Is Rejected?
If your employer’s insurance rejects your workers’ compensation claim and you signed a contract with a legal funding company for a portion of your settlement, you don’t need to worry.
The legal funding company will take on the risk of loss for you. Therefore, if you don’t receive a settlement, you don’t have to pay back the principal amount.
How Much Pre-Settlement Funding Can I Get?
Because every case is unique, there are no great examples of workers’ comp settlements.
However, some general factors can influence your settlement amount and, consequently, the amount of pre-settlement funding you may qualify for.
These factors include:
- How strong your case is,
- The expected duration of your case,
- The extent of any injuries, and
- The projected settlement amount.
As mentioned previously, each case is different, so each of these factors may be weighed differently by different legal funding companies.
How Can Injury Wallet Help?
After we get the basic details of your case, we will shop for a legal funding company for you.
Once we match you with a fair lending workers’ compensation loan company, you can decide if the financing arrangement is right for you.
Injury Wallet upholds a strict value system to provide you with the best service possible.
At Injury Wallet, we embrace honesty, efficiency, and commitment while dealing with every one of our clients.
We work with multiple reputable legal funding companies, so we can find you the best, low-interest legal funding option available.
If you have any questions regarding your workers’ compensation loan options or pre-settlement funding generally, do not hesitate to contact us.
Further, if you are ready to get the process started, you can begin by filling out our online application form 24 hours a day, 7 days a week.