Workers’ Compensation Settlement Funding Available Now
Workers’ compensation settlement funding gives you access to money upfront while your workers’ comp claim is still active. If you’re unable to work and waiting on a settlement, or struggling even with benefits, this type of legal funding helps cover urgent costs. It’s financial freedom while you wait for a fair outcome.
You don’t need good credit. Being out of work won’t stop you from qualifying. You just need an active claim, an attorney, and debts that can’t wait.
What Is Workers’ Compensation Settlement Funding
Workers’ compensation settlement funding is a non-recourse cash advance tied to the value of your ongoing case. It’s not a loan. You don’t owe anything if you lose. And it’s not connected to your employer or their insurer; it comes from a third-party legal funding company like Thrivest Link!
This funding allows injured workers to cover urgent living or medical costs while waiting for a fair outcome. You repay it only if your case results in a settlement.
How to Apply for Workers’ Comp Pre-Settlement Funding
To apply for workers’ comp pre-settlement funding, you must have an active claim and legal representation. Funding companies will not work with self-represented plaintiffs.
Here’s what the application process looks like:
- Start by completing the plaintiff application online
- Your attorney provides case details and expected settlement
- Legal financing underwriters evaluate your eligibility
- If approved, you’ll receive funding within 1 – 2 business days
Thrivest Link works directly with injured workers and attorneys to review qualified claims and provides access to cash when you need it the most.
Can I Get Funding While Receiving Workers’ Comp Benefits
Yes. You may qualify for settlement funding even if you’re already receiving workers’ comp benefits. In fact, that’s when many plaintiffs apply because the benefits often fall short.
Weekly checks don’t always cover rent. Or groceries. Or out-of-pocket medical bills. Legal funding helps plaintiffs like you afford everyday expenses and unexpected financial hardships.
Workplace Injuries That Qualify for Lawsuit Advances
Not all workplace injury cases qualify for lawsuit advances, but third-party lenders often approve claims involving:
- Surgeries (back, knee, shoulder, etc.)
- Ongoing physical therapy or pain management
- Spinal or neurological damage
- Multiple body parts injured
- Partial or permanent disability ratings
If you’re currently receiving care from a pain management center, your funding may help cover those treatments as well. Lawsuit advances can also cover treatments and rehabilitation services if your case qualifies.
Workers’ Comp Settlement Funding
Advantages To Workers’ Compensation Settlement Funding
You’re here because you’re out of options, not out of needs. Many injured workers apply when workers’ comp benefits fall short, and waiting any longer could mean losing housing, heat, or access to care.
Workers’ compensation settlement funding helps cover those costs while your expected claim settlement is still being negotiated. This is beneficial when it comes to situations such as:
- Delayed benefits: Payments may be denied, paused, or take weeks to arrive
- Mounting medical bills: Surgeries and treatment costs keep rising
- No income coming in: You’re still unable to work and the bills haven’t stopped
- Threats to your stability: Rent, utilities, and groceries can’t wait for your case to settle
Thrivest Link legal funding helps you stay in control of your home, your care, and your financial well-being when unable to work.
Lump Sum vs Structured Settlement Delays
In workers’ comp cases, settlements are often paid out either as a lump sum or through structured settlement payments. But that decision typically comes after months of review, negotiations, and approval by a judge.
If you’ve been offered structured payments, or are still waiting for any offer, settlement funding can give you access to cash now while you wait. Learn more about structured settlement funding here
Legal Funding vs. Workers’ Compensation Benefits
Legal funding is a cash advance on an expected settlement, whereas workers’ compensation benefits refer to state-mandated insurance programs for work-related injuries. That’s why many plaintiffs collect benefits and apply for legal funding to safeguard their financial stability during a lawsuit.
Workers’ Compensation does have its limits to who can file a claim or seek compensation benefits. For instances involving railroad workers and federal employees, different laws apply. In those cases, a victim or plaintiff can apply for FELA lawsuit funding.
Why Injured Workers Turn to Lawsuit Advances
Most plaintiffs don’t necessarily choose funding because they want to. They choose lawsuit advances because the workers’ comp claim process is slow, and they need help now.
When your benefits aren’t enough and an employer’s insurer is delaying, a lawsuit advance can be the answer. It gives you the power to continue treatments, and support your household until the process completes, hopefully in your favor.
Funding By State
Legal Funding Request Form
Do you have questions about legal funding or curious if you qualify? Let’s connect!
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