Workers Compensation Settlement Loans

Questions and Answers

Get the answers to frequently asked questions about workers compensation pre settlement loans

 

Questions:

 

Can I get a loan on my workers comp claim?

 

Do I need to have an attorney to get a workers' comp loan advance?

 

How long is the legal funding workers compensation underwriting process?

 

What happens if I lose my case?

 

What steps are involved to get a cash advance for workers comp claims?

 

How much can I borrow against my workers comp settlement?

 

Do you get involved in my case?

 

Can I get a workers' comp pre-settlement loan without my lawyer's cooperation?

 

How do I get started now?

 


 

Answers:

 

Can I get a loan on my workers comp claim?

Many injured workers are unaware that they can in fact get a loan on a pending workers comp claim before the case is settled.

 

Do I need to have an attorney to get a workers' comp loan advance?

In order to get a workers' comp loan advance through Workers Compensation Settlement Loans, you must have a workers' compensation attorney working on your behalf. You can go ahead and put in an application for an advance on your workers' comp settlement case if you have already hired an injury lawyer through the execution of a contingency agreement.

 

How long is the legal funding workers compensation underwriting process?

We understand you have pressing financial needs, that's why we have such a fast legal funding workers' compensation underwriting process. The aim is to help clients get same day workers' compensation legal funding.

 

What happens if I lose my case?

A workers' compensation cash advance is provided to clients on a risk-free, non-recourse basis. In a nutshell, what that means to injured workers who borrow against pending workers' comp cases is that if they should lose the on-the-job injury claim or don't recover monetary compensation, they can keep the lawsuit cash advance and owe nothing! Pay back the pre-settlement cash advance only if your attorney wins an award or settles the case.

 

What steps are involved to get a cash advance for workers comp claims?

You are only three simple steps away from getting a cash advance on your workman's comp claim to help pay for living expenses and mounting bills. The workers compensation pre-settlement funding program is an easy financial option, there's no credit check, no long forms, not hassles. All you have to do is submit your application and we'll take it from there. After we get your application, the underwriter will call your attorney from some additional information and determine how much money to advance while you are waiting for the settlement money.

 

How much can I borrow against my workers comp settlement?

The amount of money you can borrow against your workers comp settlement is determined by the facts and circumstance of your pending workers comp claim. If after reviewing your application, the underwriter approves your request for a settlement loan against your workers comp case, you can borrow between $500 to $100,000 in cash.

 

Do you get involved in my case?

Workers compensation legal funding companies provide financial supports to clients by investing in pending cases. Funding companies do not direct, manage, or control cases they invest in. All decisions concerning a workers’ comp case is between the client and his / her attorney. Legal funding providers that invest in workers comp claims simply advance cash, then wait to see if the case is ultimately settled. If and when the case does settle, the workers comp’ attorney should contact the funding company and pay back the pre-settlement advance pursuant to the terms and conditions of the legal funding agreement, which was previously signed by the client and the attorney.

 

Can I get a workers' comp pre-settlement loan without my lawyer's cooperation?

The cooperation of your attorney is not only essential but required to start and complete underwriting for workers comp loans.

 

How do I get started now?

Getting started is the easy. All you have to do is call us or fill out the online application form. After we get your application, we will reach out to you and your attorney.

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