Welcome to Malibu Financial, where we understand the financial struggles that come with waiting for a worker’s compensation claim to settle. We know that the waiting period can be stressful and financially draining, which is why we offer non-recourse advances to help you get through this difficult time.
But what exactly is a non-recourse advance, and how can it benefit you? Let’s dive in.
A non-recourse advance is a type of funding that is based on the potential settlement of your worker’s compensation claim. Unlike traditional loans, a non-recourse advance does not require monthly payments or a credit check. Instead, the funding is based solely on the strength of your claim and the likelihood of a settlement.
One of the biggest benefits of a non-recourse advance is that it is non-recourse, meaning that if you do not win your claim or receive a settlement, you are not required to pay back the advance. This takes the financial risk off of you and puts it on us, the lender.
Another benefit of a non-recourse advance is that it can provide you with the financial assistance you need while you wait for your claim to settle. The waiting period for a worker’s compensation claim can be lengthy, and during this time, you may be unable to work. A non-recourse advance can help you cover these expenses and alleviate some of the financial stress that comes with waiting for a settlement.
At Malibu Financial, we understand that every claim is unique, so we offer flexible funding options to meet your specific needs. We can provide funding for a variety of living expenses.
In addition to our flexible funding options, we also offer a streamlined application process. We know that time is of the essence when it comes to funding, so we strive to make the application process as quick and easy as possible. Our team of experienced professionals will work with you to gather the necessary information and get you the funding you need as soon as possible.
In conclusion, a non-recourse advance from Malibu Financial can provide you with the financial assistance you need while waiting for your worker’s compensation claim to settle. With flexible funding options, a streamlined application process, and a non-recourse policy, we are committed to helping you get through this difficult time. Contact us today to learn more about how we can help you.
Fun fact: Did you know that the first worker’s compensation law was passed in Germany in 1884?
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.