If you’ve been injured on the job and are waiting for your worker’s compensation claim to be settled, you may be struggling to make ends meet. Fortunately, there is a solution: an advance from your settlement!
The next question you’re probably asking yourself is, “how?” Luckily, we also got the covered: A non-recourse loan.
We know what you’re thinking “loans are risky.” However, these are not your traditional loans they are completely risk-free and designed for people who are waiting for a worker’s compensation claim to be settled. Unlike traditional loans, a non-recourse cash advance is not based on your credit score or income. Instead, it is based on the strength of your case and the likelihood that you will receive a settlement.
To get a non-recourse cash advance, you’ll need to work with a funding company that specializes in litigation finance and believes in your case. The process is relatively simple and straightforward. Here’s how it works:
1. Find a litigation finance company that works for you: Contact a litigation finance company that favors you and is invested in learning more about your case. Malibu Financial is a company that prides itself in learning and supporting their clients during this difficult time by offering non-recourse cash advances and for worker’s compensation claims
2. Provide information about your case: During a quick call with one of our consultants, they will ask you for your ADJ number or date of birth to locate your claim. Once they can locate you, they will begin to gather details on your claim and treatment status.
3. Wait for approval: We will review your case and determine whether or not to approve your application for a non-recourse cash advance. If you sign the agreement, you’ll receive the funds within 24 hours in most cases.
4. Repay the advance: If you receive a settlement from your worker’s compensation claim, you’ll need to repay the non-recourse advance. However, if you don’t receive a settlement, you won’t owe anything.
It’s important to note that non-recourse advances can be a lifesaver for people who are struggling to make ends meet while waiting for a worker’s compensation claim to be settled.
If you’re ready to discuss your non-recourse advance, Malibu Financial is here to help! Book a meeting with us to discuss your claim – many approved advances are paid within 24 hours.