FELA Lawsuit Loans
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FELA accident loans for railroad accidents lawsuits
A railroad accident can be an awful and life-changing experience; especially if you’re not covered by your employer’s workers’ compensation insurance plan.
Suppose you have been injured in an on-the-job accident. In that case, you may be eligible to file a FELA lawsuit and receive FELA lawsuit loans to pay your medical bills; support yourself until the settlement of your lawsuit or a decision in your case goes through.
To learn more about how FELA lawsuit loans can help you and how to apply, contact our pre-settlement funding company today!
What is a FELA Lawsuit Loan?
FELA, or the Federal Employers’ Liability Act, is a law enacted by Congress to protect railroad workers who are injured on the job.
When a FELA lawsuit is filed, it begins a legal process that often leads to an out-of-court settlement.
If no settlement is reached and the case goes to trial, a court judgment is awarded in favor of the plaintiff (the victim).
Payment from a FELA accident loan can cover both medical bills and lost wages. In other words, no collateral is needed!
There’s never been a better time to apply for FELA accident loans than right now.
Compulsory standards set by FELA for railroad companies are:
- Give comprehensive medical benefits to injured workers and their families
- Provide occupational and non-occupational disability payments as well as life insurance, and
- Contribute to state-administered unemployment funds.
These standards are very rigorous as compared to other companies that do not fall under FELA.
This is why it’s common for families of deceased FELA members to file a claim against the responsible parties because they didn’t have workman’s compensation coverage.
Filing a claim in court is necessary so you can receive your due compensation.
The Advantages of FELA Lawsuit Loans
FELA, or The Federal Employers’ Liability Act, is a law that protects employees who their employers injure.
It provides victims with legal options if they were injured while working on a job site.
FELA accident lawsuit loans can be used to pay bills or living expenses while waiting to see if you win your case and how much compensation you will receive.
Lawsuit funding companies assist people in obtaining these funds that banks and other financial institutions would otherwise deny.
Our lawsuit funding company provides non-recourse loan programs where applicants qualify based on their state’s personal injury laws (or worker’s compensation).
Getting approval for a FELA lawsuit loan may depend on several factors; such as your credit history, current income levels, employment status, and more.
Who Qualifies for a FELA Lawsuit Loan?
FELA law allows rail workers to sue their employers in civil court if they have been injured on the job.
In recent years, these lawsuits have become increasingly prevalent.
FELA lawsuit loans are available to those injured while performing their job duties; essentially, they can help pay your medical bills and other expenses that result from an injury incurred during work.
These lawsuits are most often sought by employees whose employers did not carry workers’ compensation insurance at the time of injury or who didn’t have enough coverage.
Railway accident that qualifies for FELA claims
We all know how dangerous railroads can be, with trains and their cargo careening down tracks at extremely high speeds.
Because of their high speeds, a train crash can leave a victim both physically and financially devastated.
Many people who are injured or lose a loved one in a train accident qualify to file a FELA lawsuit to recover damages resulting from their injuries or lost family member.
If you’ve been involved in a train accident that was caused by someone else’s negligence, you may be entitled to seek compensation for your medical bills, lost wages, and pain and suffering.
You should contact an experienced FELA lawyer as soon as possible after your injury so that they can begin helping you get your life back on track.
Common accidents eligible for a FELA lawsuit are:
- Train Derailment
- Train Track Defects
- Negligence of Train Conductor
- Defective railway equipment’s
- Malfunctioning of crossing signals
- Damages because of toxic substances
- Accident due to improper maintenance of train
- Collision with a passenger vehicle or another train
How much money can I get from a FELA Lawsuit Loan?
No two FELA lawsuit loans are ever exactly alike.
The amount you can receive will depend on a few factors.
First, you will need to be an employee of a railroad company and have been injured in an accident while at work.
In addition, you will need to make sure your injuries are sufficient to bring suit against your employer, who is responsible for covering any damages up to $250k.
However, it doesn’t stop there!
Since different states have different laws regarding these situations, you must contact a FELA lawyer before signing anything from a settlement loan company or checking into getting one yourself.
If all requirements are met, and both parties agree on a price, most companies offer a lump sum of cash within two weeks after signing paperwork.
Following are some injuries that railroad workers may experience:
Whiplash – The sudden jolt of impact during a railroad accident can cause your body to go into hyper-flexion.
This means that all of your joints, especially your neck and back, will be flexed over too far.
When you hear a person who’s had a whiplash injury mention their wrenched neck, they are talking about an extreme form of flexion.
Although most people recover from whiplash within weeks or months, it is possible to experience chronic pain from repeated flexion/extension injuries in your spinal joints as well as tenderness in other parts of your body caused by irritation along nerve pathways.
A few more injuries related to railroad accidents are:
- Back Injuries
- Head Injuries
- Spinal Cord Injuries
- Amputations or lost limb
- Fractured and Broken Bones
- Injury resulting in partial or complete paralysis
- Occupational diseases like asbestosis, lung cancer, or hearing loss
Get no-risk FELA loans now!
FELA lawsuit loans are non-recourse financial aid given to injured railroad workers following an accident.
These loans can be paid out in installments and can be used to cover any costs that arise due to the injury, such as medical bills or lost wages during recovery time.
FELA helps protect railroad workers from being forced to use their insurance policies to pay their medical bills if they were hurt on the job.
Besides railroad accidents, you can also take funding for car accidents and other motor vehicle crashes.