Construction Accident Lawsuit Funding Helps Injured Victims
Construction accident lawsuit loans help injured plaintiffs weather the financial storm from the time of injury to settlement. Suing a site management company or construction business means an uphill fight against financially strong organizations. Defense lawyers and insurance companies are experts in delaying legal proceedings to minimize their exposure. Construction accident lawsuit loans level the playing field for injured parties who need immediate financial support while the case is litigated.
Construction Site Accidents and Safety
Construction sites are dangerous. In fact the Occupational Health and Safety Administration (OSHA) reports an average of 12 work-related fatalities in the United States every single day. More specifically, OSHA reports approximately 36.5% of all fatalities occurred from falls at the workplace. About 10% of construction site deaths were caused by falling items; 8.6% from electrocution and 2.5% occurred when victims were caught in or between machines, devices, or tools.
If you were able to survive a construction accident, your injuries are likely severe and permanent. The good news is that you can pursue compensation through the court system. The bad news – the wheels of justice turn slowly. Construction accident lawsuits can take many years to resolve.
Construction Accident Delays and Consequences
Construction accident victims face more than most realize. Not only must they cope with physical impairment, they must also cope with being unable to earn as much money as before the incident. Worker’s compensation and other safety net benefits are usually insufficient to carry the injured party through the legal process. And although loss of earning capacity may ultimately be compensated, a long, drawn out legal process forces many plaintiffs to accept less than fair compensation.
For example, an injured worker must have surgery to repair his injury. The worker no longer can work but his benefits are his only monthly cash flow and are woefully short to makes ends meet.
His attorney(s) do their best to move things along but his monthly shortfall is compounding. With no other alternative, the plaintiff calls his attorney and begs him to get an offer – any offer. The attorney tries to talk him out of it but in the end, its the plaintiff’s case.
The attorney levels with defense counsel and secures a low-ball offer. Plaintiff accepts and the case is closed. Plaintiff saves his house but would have secured a much larger settlement if he had the ability to wait.
Unfortunately, this scenario plays out every single day in the courts. Financially strong defendants low balling injured victims simply because they can.
Construction accident lawsuit loans respond to this situation.
Construction Accident Lawsuit Loans to the Rescue
Construction accident lawsuit loans allow plaintiffs to weather the financial strain caused by personal injury. These are financial transactions where a lawsuit lender (Fair Rate Funding) provides immediate cash to plaintiffs injured in construction accidents who are involved in a lawsuit. The plaintiff pledges to repay the advance according to the terms of the lawsuit funding contract.
What Type of Loan is a Construction Accident Lawsuit Loan?
A construction accident loan is not really a loan in the traditional sense. The difference consists of under what conditions repayment is required.
Traditional loans imply the principal and interest must be paid at some point in the future. Actually, for most loans, repayment begins shortly after the loan documents are executed.
With lawsuit loans, for all accidents including construction accidents, repayment depends upon whether the lawsuit is successful. If for some reason the injured victim loses the case, the construction accident lawsuit loan is not repaid. Further, the lawsuit loan company cannot pursue the plaintiff personally for repayment.
The reason is that with a construction accident lawsuit loan, the funding company purchases a portion of the settlement. If there is no settlement, what was purchased expires worthless and no repayment is required. This is know as “non-recourse” funding and is what makes these specialty finance contracts unique.
If You Have Any Questions, Call 888-964-2224
Construction Accident Lawsuit Loan Benefits
A construction accident settlement loan from Fair Rate Funding is a no-risk proposition. We do not conduct credit checks and you don’t have to repay the advance if you don’t win your case. Construction accident lawsuit funding offers the following additional benefits and features:
- 24 Approval
- Immediate Cash
- No application, closing or other hidden fees
- No credit or employment status check
- Lowest price guarantee
- Best price guarantee
- Online application process
How Much of an Advance Can I Get?
The amount of your construction accident lawsuit loan depends on the facts of your case. In most negligence actions, liability must be established. You must also be injured as a result of this negligence. Finally, the defendant(s) must be able to pay the damages.
Construction accidents are often severe so there is no set limit on the construction accident lawsuit loan amount. Generally, we will advance 10-15% of the estimated settlement value of the case. Other factors will also weight into the determination. These might include:
- When the accident occurred
- How far along is the lawsuit
- What type of insurance or other coverage is available
- The nature of your injury
- The extent of your medical treatment
- Lost wages
- Lost earning capacity
- and more. . .
How To Get Started
We know you have a choice of funding companies and many will be eager to help. With over 15 years in the business and many happy clients, we trust you will be happy with our services. Best of all, you will find our terms the best in the business.
Give us a call if you are in need of a construction accident lawsuit loan or a third party lawsuit loan. You’ll be glad you did.