Workplace Accident Settlement Funding Company Helping Injured Workers Get the Money They Need Before Their Case Settles
When a worker suffers an injury on the job, most employers offer coverage for medical expenses and a portion of that employee’s normal wages through worker’s compensation insurance. But when your workplace accident was caused by your employer’s negligence, you may choose to seek additional compensation for pain and suffering. If you cannot afford to wait for your lawsuit to settle, Universal Funds can help.
What Kind of Workplace Accidents Qualify for Settlement Funding?
Worker’s compensation coverage will not account for negligence, and will only cover a portion of your normal wages if your injuries caused you to be unable to work. There are a wide variety of workplace accidents that may qualify for settlement funding – from broken bones and back injuries to head injuries and lost limbs.
Universal Funds can provide cash advances for plaintiffs of civil lawsuits against their employer. If you are currently working with an attorney and have an ongoing workplace injury case, or your case has already been decided in your favor but you haven’t received your full settlement amount, we may be able to offer you a portion of your total case value so you can get the money you need now.
Am I Eligible for Settlement Funding Even if I Am Receiving Workers Compensation Benefits?
You may apply for a lawsuit funding agreement even if you are receiving worker’s compensation benefits. The main prerequisite is having an ongoing lawsuit that is being overseen by an attorney. If you are pursuing additional damages compensation from your employer through judicial means and you have a strong case, Universal Funds may be able to make you an offer so you can get early access to your settlement funds.
When you apply for a settlement funding agreement with Universal Funds, you do not need to share details about your personal finances. Factors like credit score, income, current assets, and monthly wages are not deciding factors for a settlement funding cash advance. We will simply need some information about your case and will make a decision based on what we learn about your case value, probability of winning, and other factors related to your lawsuit. That is why a cash advance is a safe way to obtain money to help you stay afloat while your case settles.
How Much Time Do I Have to Repay My Lawsuit Funding Cash Advance?
Because lawsuit funding is not a traditional loan, there are no monthly payments. Your initial agreement will have all the details you need to know, but in short, you will only need to repay us when you win your case and receive your settlement money. In most cases, we will work with your attorney during this step so you won’t have to worry about it.
Another important aspect of workplace accident settlement funding is that it is absolutely risk-free for all plaintiffs. The Universal Funds team will analyze your case, and as soon as we decide to make an offer, we are assuming the risk that your case may not go as planned. This type of lawsuit can sometimes take unexpected turns, and if you end up losing your case, there is no repayment needed. You can keep every penny of your cash advance, even if you don’t win.
What Can I Use My Workplace Accident Settlement Funds For?
Once you are approved for a settlement funding cash advance, you can expect to receive your money in your bank account in as little as one business day, depending on your financial institution. From there, you are completely in charge of deciding how to spend that money. Many of our clients use their cash advance to pay utility bills, medical bills, catch up on rent or car payments, groceries, mortgage payments, or whatever else they may need to stay afloat.
Settlement funding also gives you the leverage you need to negotiate maximum compensation without being pressured by your financial needs. If you have been hurt in a workplace accident and have an ongoing lawsuit, call Universal Funds at (484) 341-7106 to learn how a settlement funding advance may benefit you.