The Federal Employers’ Liability Act (FELA) protects railroad employees. This act gives railroad employees the right to request damages if they suffer on-the-job injuries due to their employer’s negligence. In this scenario, a railroad employee can file a FELA personal injury lawsuit against their employer.
High Rise Financial is a pre-settlement legal funding company that understands the complexities of FELA lawsuits. If you want a pre-settlement loan while you are in the midst of a FELA lawsuit, let us know. In addition, we provide answers to common questions surrounding what a FELA lawsuit is and related topics below.
- What Is FELA?
- Who Is Eligible to File a FELA Lawsuit?
- What Will Happen After I File a FELA Lawsuit?
- How does Pre-Settlement Legal Funding Work in a FELA Lawsuit?
- How Much Money Can I Get with a Pre-Settlement Loan for a FELA Lawsuit?
- How Much do I Need to Pay for Pre-Settlement Funding for a FELA Lawsuit?
- What do I Need to Do to Get a Pre-Settlement Loan If I Am Involved in a FELA Lawsuit?
What Is FELA?
FELA took effect in 1908. Congress approved FELA due to a rise in railroad deaths that occurred in the late 19th and early 20th centuries. FELA held negligent railroad employers financially accountable if their workers got injured.
With FELA, railroad employees are exempt from workers’ compensation statutes in place nationwide. Under these statutes, railroad workers would not be allowed to sue their employers. Instead, railroad workers that suffer on-the-job injuries can file personal injury lawsuits in accordance with FELA.
FELA also limits the burden of proof that railroad workers must provide to show that their employer was negligent. In a FELA lawsuit, a railroad worker must still prove that their employer was fully or partly responsible for their injury. If the worker is successful, this individual can be awarded damages.
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Who Is Eligible to File a FELA Lawsuit?
Railroad workers can file lawsuits due to the negligence of their employers. It is a railroad employer’s responsibility to exercise a reasonable standard of care. If the employer fails to do so, a worker can get injured and file a FELA lawsuit.
If a railroad worker suffers an on-the-job injury, consider how the injury happened. For example, if a worker was injured due to a train traveling too fast, the employer may have been negligent. In this scenario, the worker may be able to seek damages in accordance with FELA.
Following an on-the-job injury, a railroad worker can reach out to a personal injury lawyer. From here, the lawyer can review the facts surrounding the worker’s injury. If the worker has a valid claim, the attorney can help this individual submit a request for damages.
What Will Happen After I File a FELA Lawsuit?
You may believe a FELA lawsuit will immediately entitle you to a significant cash settlement. However, it can take months or years before a FELA case goes to trial. Once you file your lawsuit, you and your attorney can work together to build your case.
In the time before your trial, you and your attorney can gather evidence. You may collect medical records and other documents that highlight the severity of your injury. Also, you may look for witnesses that can testify on your behalf.
If you have concerns about the costs of treating your injury, you can pursue financing. Many banks and credit unions offer personal loans, albeit with high-interest rates and complex terms and conditions. On the other hand, you can request a pre-settlement loan that allows you to receive money based on your projected settlement.
How does Pre-Settlement Legal Funding Work in a FELA Lawsuit?
Many types of legal funding are available, including pre-settlement loans for FELA lawsuits. You can apply for a FELA pre-settlement loan at any time. When you do, you may be able to receive thousands of dollars before your case closes.
A pre-settlement legal funding company requires you to submit an application for legal funding. The business can review your application within 24 to 48 hours. Next, the company can let you know how much money it can provide.
If you move forward with a pre-settlement funding quote, you can get a check in the mail. You are free to use the money you receive however you choose. Plus, you only need to repay the funding if your FELA lawsuit is successful.
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How Much Money Can I Get with a Pre-Settlement Loan for a FELA Lawsuit?
The amount you receive in a pre-settlement loan varies based on your FELA lawsuit. You can request economic and non-economic damages in your lawsuit. These damages can provide compensation for several reasons, such as:
- Your medical bills
- Lost wages
- Pain and suffering
Your attorney can help you figure out how much to request in damages. Then, you can submit your lawsuit and request a pre-settlement loan. At this point, a pre-settlement legal funding company looks at your request and determines how much money it can offer.
With a pre-settlement loan request, you do not have to worry about a credit check or a review of your financial history. Rather, a pre-settlement funding company examines your case and other factors relating to it. It will try to provide you with a pre-settlement funding quote that lines up with your expectations.
How Much do I Need to Pay for Pre-Settlement Funding for a FELA Lawsuit?
There are no fees to submit a pre-settlement funding application for a FELA lawsuit. You can fill out an application at your convenience. Meanwhile, you are not penalized if you choose not to get pre-settlement funding after you submit an application.
A pre-settlement funding quote includes terms and conditions and details your interest rate. There are no hidden fees with a pre-settlement loan. Your pre-settlement legal funding company can answer any questions you have about your quote as well.
If your case is won or settled, only then do you have to repay your pre-settlement funding. When this happens, you receive a settlement from the defendant, and your attorney sends a check from this amount to your pre-settlement loan company. You then get the remainder of your settlement and can move forward from your FELA lawsuit.
What do I Need to Do to Get a Pre-Settlement Loan If I Am Involved in a FELA Lawsuit?
High Rise Financial employs friendly, knowledgeable pre-settlement funding specialists that can help you get money in the middle of your FELA lawsuit. For more information, please get in touch with us today.