Labor law loans can provide you with a financial lifeline as you wait for your Federal Employers Liability Act (FELA) claim to settle. Railroad accidents can be especially dangerous, and after one you could ace high medical bills and lost wages. While you may expect a large settlement, the defendant will likely try to drag out the case in the hopes of pressuring you into settling for less.
With a labor law loan, also known as legal funding or pre-settlement legal funding, you can get the cash you expect from your settlement now. Instead of waiting for years and accepting a lower award, you can take advantage of that money now and use it to fight for the maximum possible award.
Find out if legal funding with High Rise Financial is right for you and how you can take advantage of it.
In This Article
What Railroad FELA Claims Does Legal Funding Cover?
FELA covers railroad workers who have been injured on the job due to negligence of their employer. Railroads can be highly dangerous to workers, with over 1.5 million miles traveled by them in the United States daily. If you’ve been involved in one of the following accidents, you could be eligible for legal funding:
- Train collision
- Slip and fall on the tracks
- Crush injuries
- Explosion or Electrocution
- Wrongful death
There are countless dangers that workers are exposed to by working on a railroad. You deserve compensation for any injuries you may have suffered, and legal funding can help you fight for the highest settlement possible.
How Do Labor Law Loans Work?
Labor law loans can provide you with the cash that you need to successfully fight for your maximum settlement. Unlike what the name suggests, labor law loans aren’t actually loans and they don’t need to be repaid like one. Legal funding is classified as a type of nonrecourse debt by the IRS, which means your personal assets can’t be taken to repay it.
Any money you receive through your legal funding only needs to be repaid from your settlement. This means that if you lose your case, you don’t have to repay anything. Labor loans are a risk-free way to get money from your settlement case into your pocket now instead of waiting months or years to do so.
How Can a Labor Law Loan Help You?
A labor law loan can provide critical help during your fight for your maximum settlement. A legal funding company can give you the money you need to cover any expenses you might face after an accident. Some common expenses that your labor law loan can cover include the following:
- Medical bills
- Lost income
- Living expenses
- Rent or mortgage payments
Your settlement could take years to resolve, but the bills won’t stop coming as you wait for your money. This financial pressure can force people to take a lower settlement, but with legal funding, you can take care of them. Once you receive your money, it’s yours to spend however you see fit, and any repayment will come exclusively from your settlement.
FELA Labor Law Loans Qualifications
It’s easy to qualify for a FELA labor law loan if you’ve been involved in a railroad accident. If you have an ongoing settlement case related to your injury, you’re most likely already pre-qualified. Here’s what you’ll need to get funding from us:
- A FELA claim filed in court
- A lawyer working for you on contingency
- You’ve over the age of 18
The qualifications to receive legal funding are minimal because the quality of your case is the decisive factor that determines how much funding you can receive. There are no credit checks necessary since your settlement itself, and not your personal assets, serves as collateral.
Any repayment of your legal funding will come from your settlement alone and can’t exceed its size, but if there is no settlement, you won’t have to repay the money you receive at all.
How Much FELA Legal Funding Can You Get?
We’ll take a look at the specific facts around your case to determine how much legal funding we’ll offer you. Every case is different and your circumstances could allow you to qualify for more or less funding. We’ll use the following to determine the potential size of your settlement and how much legal funding we’ll offer:
- The severity of the injury
- If the injury is permanent
- Medical bills
- Lost wages and future earnings
- Any aggravation of a pre-existing condition
- Pain and suffering
A court will evaluate the damages you suffered as part of your injury to determine the size of your award. If you were hospitalized or suffered permanent physical damage, you could expect to receive more than someone who didn’t suffer either.
FELA also allows workers to claim pain and suffering as part of their compensation, which could entitle you to a far larger award than that which you could get under other circumstances.
Apply for Legal Funding Today
High Rise Financial can offer you up to $1 million in legal funding within 24 hours of your approval. Applying takes just a few minutes and the money can be deposited into your bank account in just hours. We offer low, simple interest rates that allow our clients to take home more of their settlement than many other legal funding companies.
Contact us today and we can answer any questions you might have about our process and how legal funding can benefit you. Instead of waiting to get your settlement money, we can help you get it now, giving you the financial muscle to fight for your full measure of justice. Apply now to take advantage of this no-risk opportunity to get the cash you deserve.