Railroad workers injured on the job can find recourse through the Federal Employer Liability Act (FELA). While this often means you stand to collect significant compensation for your suffering, the unfortunate reality is that lawsuits take a long time before the injured person gets their money.
Legal funding from Tribeca Lawsuit Loans can cover your costs in the meantime. You can get a partial advance on your eventual settlement with FELA lawsuit funding. Most cases qualify, and if you lose your case, then you owe us nothing!
How Pre-Settlement Funding Helps FELA Lawsuit Plaintiffs
Our underwriters can approve anywhere from $500 to $1 million in funding for your case. Once that money is in your bank account, it’s yours to use as you need. Clients typically use their funding for items like:
- Medical debt
- Replacement of wages lost due to injury
- Daily expenses like transportation or food
- Rent and mortgage payments
There are no restrictions on the way you use your money. Plus, getting a FELA lawsuit loan means that you have the flexibility and the financial safety net to wait on an appropriate settlement offer. Most times, railroad companies may try to use your financial desperation to force you to agree to small settlements.
FELA Legal Funding Is No-Risk
You and your family are already suffering from your railroad-related accident. Getting the funding you need to survive shouldn’t add to your woes.
That’s why Tribeca provides clients with completely non-recourse FELA lawsuit loans. This type of funding protects you from personal liability, as it means the lender (i.e. Tribeca) can’t go after your personal finances for repayment. The most we can take back is the agreed-upon portion of your eventual compensation package.
With lawsuit funding, there is NO risk of:
- Forgetting monthly payments
- Having your property seized
- Being denied due to poor credit
Also, you don’t owe us anything at all if you wind up losing your case. Tribeca takes on all the risk so that you are protected in your time of need.
Do You Qualify for a FELA Lawsuit Loan?
We can’t say for sure whether your case is right for lawsuit loans from Tribeca. However, you should qualify as long as you are the plaintiff in a FELA claim against your employer. Some factors that will affect both your qualification and the amount you receive include:
- How much you expect to get in compensation
- How long your lawsuit is expected to last before a conclusion
- Issues of liability in your lawsuit
Remember, our application process is completely FREE, with no hidden fees or charges. You’ve got nothing to lose by applying!
How Does Interest Work with a FELA Lawsuit Loan?
Interest is how all lenders earn money, but some have better deals than others. Tribeca only offers simple interest non-recourse loans. You get one rate for the life of your loan and you’ll know exactly how much each month will add to your payoff amount.
We never charge compound interest for any of our loans, unlike our competitors. Compound interest can rapidly eat away your settlement and leave you with little afterward. That’s not fair to you. You need as much as you can from your settlement to make up for what happened to you. See our rates page for more details.
Should I Have a Lawyer Before I Apply?
Yes. Tribeca requires legal representation before applying for a lawsuit loan. Fortunately, most FELA cases that come to us will probably have one already. You will need one to help you navigate the rules surrounding FELA.
FELA does not work like standard workers’ compensation programs. It’s an entirely separate set of laws, similar to the Jones Act for maritime workers. You will want a lawyer that specializes in these laws and will work on contingency.
When you have one, we will speak with them to get some details about your case before we make a lending decision. Having a contingency lawyer on your side will get you more money in the end, so there’s no reason to delay.
Apply for Up to $1 Million in Funding for FELA Lawsuits
Get started on your legal funding application today by heading over to our Apply Now page. After approval, you can expect the money in your bank account in as little as 24 hours.
If you have questions about the FELA lawsuit loans process, call Tribeca Lawsuit Loans today. A member of our team will be happy to walk you through how pre-settlement funding works.