Getting injured at the workplace doesn’t translate to an instant payout from your establishment. In fact, most incidents turn into lawsuit battles with the insurance provider.
The challenge arises because most employers either deny responsibility or prove that the injury’s cause wasn’t work-related. Many always come up with many excuses and can do anything to avoid paying the compensation you deserve.
The result of the above situations is a lengthy lawsuit battle that may take years, no matter the strength of your case. At the same time, your car payments, rent, medical bills and other day-to-day expenses continue to pile. Fortunately, Silver Dollar Financial comes through for plaintiffs with workers’ compensation lawsuit loans that you can use however you wish.
What Are Workers’ Compensation Loans?
Legal funding companies provide workers’ comp loans, also called pre-settlement funding, to alleviate the financial burden of medical expenses, utility bills, and other necessary daily costs as you await the decision on your case.
Since the loan serves as a worker’s comp advance against your lawsuit, you’ll end up paying extremely low (sometimes nominal) interest rates, sometimes lower than 1%. Furthermore, you’ll not be subjected to a credit check, provide any collateral, or pay an upfront fee.
The loan is also non-recourse, which means you’ll only pay back only if you win the case. But if you don’t, you owe your lender nothing. So you can borrow without stressing about your case outcome.
Why Would You Apply for a Workers’ Compensation Lawsuit Loan?
Workers’ compensation laws were established to provide a financial buffer to injured workers to address their needs following an accident at the workplace. However, the actual process can be draining and time-consuming. Typically, about 90% of claims end up as extensive lawsuits. In extreme situations, the cases can last beyond two to three years.
Because the insurance company is responsible for distributing workers’ compensation benefits to injured employees, they have the right to dispute a claim by any means possible. The result is excessive litigation and protracted negotiations, which entail denying responsibility for damages and injuries and refuting the attribution of claimants’ injuries to accidents or activities related to their work.
Throughout this period, your financial needs won’t wait for the settlement. What’s more, you’ll need cash to address the medical costs and other day-to-day expenses. It only makes sense to apply for a workers’ comp lawsuit loan to relieve yourself from the resultant financial anxieties.
Eligibility for Workers’ Compensation Lawsuit Loans
Reputable workers’ compensation lawsuit funding companies like Silver Dollar Financial make it easy for workplace accident victims to qualify for pre-settlement financing. You must meet the following threshold to be granted a loan against your workers’ comp claim:
- You’ve sustained injuries from an accident at work
- You have on-the-job injuries
- An attorney is working on your case
- Your case is in a state where your lawsuit loan provider has jurisdiction
You can apply for a lawsuit loan against the pending workers’ comp claim at any stage of the case. It doesn’t matter how long it’s been since the accident at the workplace. Provided the insurance provider or board has accepted the claim, you meet the loan application eligibility requirement.
Your attorney must also control how the funds will be disbursed and have every detail concerning your workplace injury and information on your medical treatment.
How Much Will You Get from Your Workers’ Compensation Claim?
It’s hard to determine the exact amount you can borrow without reviewing your case and consulting with your attorney. If you apply with Silver Dollar Financial, you stand to get up to $100,000. This money can enter your account in as little as one day.
The following factors will determine the amount:
- The severity of your injuries
- Who’s liable for the workplace accident?
- What insurance does your employer carry?
- The county or state where the accident happened
Why Choose Silver Dollar Financial?
Struggling to fight an insurer’s deep pockets by yourself is impossible. Almost every funding company will promise to ease this burden with short application and approval times. However, not every company can match the reputation and track record set by Silver Dollar Financial.
For one, the company offers a simple application process with only 24 hours separating your loan application and approval. Besides funding plaintiffs, we can also help those who don’t have an attorney working on their worker’s compensation cases get one. This is crucial in helping you get the cash you need faster.
Almost every company promises competitive interest rates, but none guarantees to charge the lowest rate in the industry. This is precisely what you get when you apply at Silver Dollar – almost negligible loan interest.
Our Customer Service Is Tops
Another key attraction of Silver Dollar Financial is the excellent customer service. The lawsuit loan provider will constantly keep you in the loop as to the current state of your application. The company needs to update you on what’s happening.
In general, money will not really heal the physical and emotional pain you sustained. But a lawsuit loan from Silver Dollar Financial will help you navigate your financial challenges and relieve you from anxiety. This way, you’ll recover and await your case outcome without stressing.
Silver Dollar Financial Can Give You the Funding You Need Now
Applying for a worker’s compensation lawsuit loan from Silver Dollar Financial today will help you avoid unnecessary financial stresses. The lawsuit finance company can provide sufficient cash to take care of your financial needs as you count on your attorney to fight for the full value of your workers’ compensation case. The cash advance will address your rent, medical treatment, daily expenses, bills, and much more.