Pre-settlement funding for FELA lawsuits helps injured railroad workers by providing them with financial support prior settlement of their FELA claim. If you were injured on the job, Nirvana Legal Funding can provide you with pre-settlement funding to cover bills until your FELA case is settled by your personal injury attorney.
The Federal Employer’s Liability Act, more commonly known as FELA, is a United States federal law that covers railroad workers injured while on the job. It allows those victims to sue railroad companies over their injury claims. The goal is to ensure that injured workers recover monetary payout for pain and suffering caused by railroad negligence.
If you have hired an attorney to bring a FELA claim against your employer, the process of recovering sufficient compensatory damages can take a long time to resolve. When faced with mounting bills and insufficient income during the process of your FELA claim, you may want to consider obtaining pre-settlement funding to help alleviate the financial pressure of the long, drawn out claims process.
We are the best funding source for your lawsuit lending needs. Unlike other pre-settlement funding company, Nirvana offers fast and simple lawsuit cash advances. While banks typically offer personal loans to borrowers based on their credit score, Nirvana Legal Funding offers pre-settlement funding, also called lawsuit loans that allow you to borrow money against the proceeds you expect from your FELA cases.
With an advance on your lawsuit cash now, you can take out $1,000 - $100,000 in as little as 24 hours. There’s no credit check. You make no payments upfront. You don’t have to repay the funds until your case is settled out of court by your attorney or you are awarded damages for your injury claim. Simply put, if you lose your case, you pay back nothing!
A FELA lawsuit payout is not awarded automatically. Unlike a workers' compensation claim, FELA requires the injured railroad worker prove that the railroad company was legally negligent in causing the injury. In order for you to recover compensation in a personal injury lawsuit, you and your attorney has to prove by a preponderance of evidence that the defendant was negligent and that the railroad negligence caused or contributed to the injury.
Railroad companies spend a large amount of money defending FELA cases. Often, plaintiffs have to wait years for their FELA railroad claim settlement to finalize in or out of court. Between the time your attorney files a FELA claim to when your case is settled, you still need money to take care of your financial obligations. While you are waiting on money from your FELA claim, you can turn to a nationwide lawsuit funding provider to get pre-settlement funding for FELA claims against the railroad.
Because our financial institution specializes in FELA railroad settlements, we can underwrite and fund any type of train accident that resulted in injury or death. We are legal finance experts when it comes to the following causes of railroad accidents:
You can use the lawsuit cash advance for anything you need to stay afloat until you win a claim settlement. While lenders don’t restrict how borrowers spend the funds, many clients use the pre-settlement cash advance to cover their living expenses, car loan payments, mortgage, unexpected financial obligations, and to pay for their day to day financial obligations pending settlement of their lawsuit.
The underwriting requirements for a lawsuit loan on your FELA case are simple. If you were injured, have hired an attorney to file a lawsuit, and are entitled to a FELA railroad settlement, you qualify for pre-settlement lawsuit funding for your FELA railroad claim.
To apply for pre-settlement funding by Nirvana Legal Funding, you can start by contacting us at (888) 715-8701 or filling out the application form online.
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