What Is the Average Settlement for Wrongful Termination?

The average settlement for wrongful termination varies. A worker’s salary prior to termination and other factors can impact their settlement. It is essential for a worker who is pursuing legal action against a past employer to determine the financial impact of their wrongful termination and prepare their case accordingly. 

At High Rise Financial, we offer pre-settlement funding to those in the midst of wrongful termination cases. Our team can teach you about lawsuit loans and how they work. We can also answer questions surrounding the average settlement for wrongful termination and related topics. 

How Much Should I Pursue in a Wrongful Termination Case? 

It may be time to file a wrongful termination claim if an employer illegally or unjustly fires a worker. In this scenario, the worker can consult with a wrongful termination attorney. Next, the lawyer can help the worker determine how much to pursue in a wrongful termination case. 

There are many factors that dictate how much a person should pursue in a wrongful termination case. These include:

• The length of time an individual worked for their employer
• The individual’s performance history
• Evidence or witness testimony that supports this individual’s wrongful termination claim

Work with a lawyer to file a wrongful termination lawsuit in accordance with state laws. In the best-case scenario, a wrongful termination case plaintiff may receive a settlement offer. It is paramount for a plaintiff to review any settlement offer carefully. 

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Should I Accept a Wrongful Termination Case Settlement?

There are pros and cons to accepting a wrongful termination case settlement. To determine the best course of action, it helps to consult with a wrongful termination lawyer. Then, the plaintiff and their lawyer can discuss a settlement proposal in detail and decide how to proceed. 

Accepting a wrongful termination settlement allows a plaintiff to receive damages right away. On the other hand, a plaintiff may need to sacrifice a portion of the damages that were originally requested. This means a plaintiff must decide if accepting a settlement provides this individual with sufficient compensation relating to their wrongful termination. 

If a plaintiff decides a settlement falls short of their expectations, this individual can decline it. In this situation, the plaintiff can continue to pursue legal action against their employer. It may take months or years before the wrongful termination case gets resolved. 

How Long does It Take to Settle a Wrongful Termination Case?

There is no telling how long it will take a wrongful termination case to reach its conclusion. Wrongful termination litigation can linger for months or years. A defendant and plaintiff can negotiate during this time, but both parties may fail to reach a settlement before they are required to appear in court. 

In the time before a wrongful termination case gets settled, a plaintiff is responsible for their day-to-day expenses. The plaintiff may have utility costs, grocery bills, and other expenses that accumulate. If the plaintiff lacks adequate income, it can be difficult to keep their debtors at bay. 

For those entrenched in a wrongful termination case, it can be beneficial to pursue pre-settlement funding. A person can pursue a lawsuit loan in any state. This loan allows an individual to get money based on their projected wrongful termination case settlement. 

How does Pre-Settlement Funding in a Wrongful Termination Case Work?

Pre-settlement funding allows the plaintiff in a wrongful termination lawsuit to receive money before their case is closed. The plaintiff can request a lawsuit loan from a pre-settlement funding company. From here, the pre-settlement funding company can determine how much the applicant can get in a lawsuit loan. 

A pre-settlement funding company can review a wrongful termination lawsuit loan applicant’s request at any time. The company then offers a lawsuit loan quote. If a plaintiff accepts the quote, this individual will receive their pre-settlement funding within a few days. 

The plaintiff in a wrongful termination case can use their pre-settlement funding without restriction. If the plaintiff has concerns or questions about their lawsuit loan, this individual can reach out to their pre-settlement funding company for support. The plaintiff does not have to repay their pre-settlement funding until their case is settled. 

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How Much does Pre-Settlement Funding in a Wrongful Termination Case Cost?

The best pre-settlement funding company does not charge any fees to submit a lawsuit loan application. This means a plaintiff can complete a pre-settlement funding application at their convenience. If the plaintiff does not accept a lawsuit loan, this individual is not required to pay anything. 

Pre-settlement funding is contingent on the results of a lawsuit. As such, the plaintiff in a wrongful termination case is only required to repay their loan if their lawsuit is successful. Otherwise, the pre-settlement funding company takes full responsibility for the loan. 

For example, the plaintiff in a wrongful termination lawsuit may receive a lawsuit loan but lose their case. If this happens, the plaintiff’s attorney notifies this individual’s lawsuit loan company. At this point, the lawsuit loan company clears the plaintiff’s balance, and this individual keeps the full amount of their pre-settlement funding. 

Should I Apply for Pre-Settlement Funding Based on a Wrongful Termination Claim?

The benefits of applying for a lawsuit loan in a wrongful termination case are significant. Some of the reasons why plaintiffs in wrongful termination cases pursue pre-settlement funding include:

• Easy to obtain: A plaintiff does not need to undergo a credit check or provide details about their financial history to get a lawsuit loan. 
• Immediate funding: A plaintiff can receive a lawsuit loan in as little as 24 hours.  
• No risk: A plaintiff is only required to pay back their lawsuit loan if awarded damages in their lawsuit. 

Do not wait to pursue pre-settlement funding in a wrongful termination case. By reaching out to an experienced lawsuit loan company, an individual can learn about their pre-settlement funding options. This individual can also begin their lawsuit loan application.  

Get Started with a Pre-Settlement Funding Application Today

At High Rise Financial, we can teach you about pre-settlement funding for wrongful termination cases. Our team can respond to any questions you have about lawsuit loans and help you make an informed decision about pre-settlement funding. To learn more, please contact us today. 

Call or text (877) 735-0016 or fill out our form to apply today for free.