Fair Rate Funding helps clients get third party accident lawsuit funding.
Third party accident lawsuit funding is often a necessary part of workers’ compensation cases. Workers’ compensation cases are the result of “third party” carelessness or in other words, another person/entity was the cause of the worker’s injury. In this situation, the worker can claim both workers’ compensation benefits and negligence against the “third party”.
In this case, the impending money award is not married to the applicable statute. This benefits the employer, the workers’ compensation insurance carrier, and the victim. The reason is because the money put out for benefits, which includes medical costs and/or the permanency award, must be at least partially paid back from the third party’s case proceeds.
With regard to these types of lawsuits, the workers’ compensation claim is normally prosecuted. To obtain the difference between what was received in the workers’ compensation claim and the “real” damages (which would be decided by a judge), the victim must file a lawsuit against the third party, leading to the necessity of third party accident lawsuit funding.
For example, a worker hurt while preforming a task associated with a normal workday, like driving a truck, must file a claim against his workers’ compensation carrier and an automobile accident lawsuit against the party at fault in the accident when that party is someone else. The party at fault is then responsible for giving the victim the amount of damages he/she is lawfully entitled to.
Although the above is true, these are civil litigation cases, which are subject to requiring a lot of time to be resolved and even more when severe injuries are sustained. As the case is processed, the costs add up quickly because the plaintiff needs to be paid as well. During this time, the victim is not bringing in money because said victim can no longer work as efficiently as before the accident. To resolve this financial difficulty, many claimants need a case loan or third party accident lawsuit funding while the legal process transpires to keep up with costs.
In cases like these, an advance on a loan can be acquired against the third party case. A legal funding company or third party accident lawsuit funding company can deliver a case loan at the present moment in anticipation of a large settlement when a conclusion in the lawsuit is reached. Many lawsuit advance corporations offer these (case) loans, which could be right for you.
Fair Rate Funding specializes in delivering the lowest rates for case loans before a conclusion is reached in workers’ compensation claims and third party cases. Fair Rate Funding delivers the lowest costs for lawsuit cash now against what is acquired from your case. We do not expect a loan repayment if you do not receive a settlement. The lender of the loan holds all the risk. The money is loaned out in advance to help you get your life back on track.
We realize you have a variety of lawsuit funding and third party accident lawsuit funding companies to choose from and are glad to assist you during your difficult time. We have attached a submission form on this page to help you get your case loan the fastest and simplest way. Once the form is submitted, one of our representatives will contact you immediately to begin the process. At that point in time, you are welcomed to relax and let Fair Rate Funding do its job. Once the paperwork is received from your attorney, we commonly process and deliver pre settlement cash loans within 24 hours.
These are the states we offer case loans to for third party incidents: Alabama, Alaska, Arizona, Arkansas, California, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming and the District of Columbia D.C.
We appreciate you choosing Fair Rate Funding for your third party accident lawsuit funding.