Settlement Funding for Third Party Accident Cases
Fair Rate Funding helps clients obtain cash advances for their third party accident lawsuits.
Many states have laws in place to cover employees if they become injured while on the job. These are typically referred to as worker’s compensation cases but are often caused by a negligent “third party.” What this means is that the worker is injured as a result of someone other than the employer’s negligence. When this occurs, not only does the injured employee have a claim for worker’s compensation benefits, they also have a “third party” claim for negligence.
While workers compensation awards are limited to a statutory schedule, negligence settlements are normally larger than the compensation benefits. However, money spent by the employer for medical treatment and permanency awards must be at least partially paid back once your third party case settles.
If you have a third party lawsuit, the worker’s compensation claim proceeds as usual. The injured worker then files a third party lawsuit to recover damages – which a judge or jury would determine.
An example of a third party case might be when a truck driver was injured in a car accident through no fault of his own. The truck driver files a worker’s compensation claim as well as an automobile accident lawsuit against the at fault party.
Like many civil lawsuits in litigation, it can take a very long time to conclude, especially if there are serious injuries involved. During the recovery process, the plaintiff still has to pay his/her bills, eat, and live. With the significant cut in income because he/she is unable to work in the same capacity as before, many plaintiffs face financial difficulty and need cash now to keep up with their daily living expenses.
Extra financial flexibility in the form of cash is always welcome under these circumstances. A settlement funding company like Fair Rate Funding can advance cash today because a sizable settlement will be received at the conclusion of the claim. This is the way Fair Rate Funding can help you!
If you have a lawsuit based on a third party claim and have a lawyer representing you on a contingency fee basis, which means the attorney is only paid if you win the lawsuit, you may eligible for lawsuit settlement funding from Fair Rate Funding. If you need cash now while waiting for your Third Party Accident case to finish, we can provide settlement funding to help you while your case is litigated.
We know you have a choice of lawsuit settlement funding companies and are happy to assist you. To obtain a lawsuit loan in the quickest and easiest manner, please fill out the quick application on this page. We will contact you immediately and begin the process. You can then relax and allow Fair Rate Funding to work for you. We routinely provide lawsuit cash advances within 24 hours of receiving the paperwork from your attorney.
We provide settlement funding services for Third Party lawsuits for the following states: Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Massachusetts, Michigan, Mississippi, Missouri, Montana, Nebraska, New Hampshire, New Jersey, New Mexico, New York, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, Wisconsin, Wyoming and the District of Columbia.
Thank you for choosing Fair Rate Funding.