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Why And In Which States Workers Compensation Settlements Funding by liuhongmei

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									Why And In Which States Workers Compensation Settlements Funding Is Available?
A Workers comp claimant can readily obtain a workers comp loan while waiting for his/her Workers Compensation settlement. It is also known as
Workers Compensation funding, Workers Compensation Loans, Workmans Comp Loans or Workers Compensation Cash Advance. It is a
non-recourse cash advance on the expected proceeds from his/her pending workers compensation settlement.Why Workers Comp Loan or Workers
Compensation Funding is not a Loan:Legally, Workers Comp loan is not a loan. Loans are repayable absolutely. Workers compensation funding is
actually a non-recourse cash advance available now against potential future Workmans comp award or settlement. It is actually a cash advance on the
future value of your case. Unlike a loan, if you lose your case you owe nothing in return. You do not owe anything to workers comp funding company,
period.In Which States Workers Comp Loan or Workers Compensation Funding is Not Available:In many states of United States, workers
compensation cash funding is not available, because of one or both of following reasons:1. Most Workers Compensation loans funding companies will
not fund a pending Workmans comp settlement, claim or lawsuit if the state statute concerning direction of payments requires the claim to be paid
directly to the claimant and not first to the trust account of claimant attorney? In these states one check is sent to the attorney for their fee and a
separate check is sent to the injured worker as settlement for their workers compensation lawsuit.2. In many states under the Workers Compensation
Act no third party can assert a lien on workers compensation settlement proceeds. Therefore, if workers compensation funding company cannot put a
lien on the pending settlement, it will not lend money.Following Are the States Where Workers Compensation Claims are Not Funded:AL, AK, AR, CA,
CO, DC, HI, MA, MD, MI, MN, NC, NJ, NV, NY, OH, OR, PA, RI, TN, TX, UT,VA, WA, WI & WY.List of States Where Workers Compensation Funding
or Workman Comp Loan is Available:Arizona, Connecticut, Delaware, Florida, Georgia, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana,
Maine, Mississippi, Missouri, Montana, Nebraska, New Hampshire, New Mexico, North Dakota, Oklahoma, South Carolina, South Dakota, Vermont,
West Virginia.Third Party Personal Injury Lawsuit Loan Funding:If you are involved in Third Party Liability lawsuit in addition to your workers
compensation claim than you can get a lawsuit funding or a lawsuit loan on your pending lawsuit in every state except in North Carolina.A third party
personal injury lawsuit is a lawsuit for a work related injury, but it is against an entity other than your employer or their workers compensation
insurance company. Following are some of the examples of Third Party Personal Injury Lawsuits:1. Third Party Lawsuit could be against the
manufacturer of a machine or equipment that caused you injury while you were working. It had a defect that contributed to your, on the job injury.2.
Another good instance is a postal employee or FedEx employee, who is injured in a vehicle accident while on job, working on company business, and
the third party responsible for the accident is not employed by your employer.3. One more sample is a job site related accident that is caused by
certain lapse in safety procedures, and the company responsible for work site safety is not your employer. Unlike workers compensation claims
against the employer, now you have third party workers compensation case. These type of litigations can be funded in all the states except state of N.
Carolina.Benefits of Worker Compensation Funding:If you are waiting for your workers compensation settlement, but now have financial hardships
than workers compensation funding is the right solution. It is risk free, because there is no obligation to repay the workers comp loan if you do not win
your workers compensation case.A reputed workers compensation funding company will not look at your credit history. The decision to approve a
lawsuit cash advance is based solely on the merits of pending workers compensation claim. Bad credit or no credit will not disqualify you from
obtaining Workers Comp Loan.Pearl of Wisdom: And remember that - The Universe Helps Those Who Help Themselves.Workers Compensation
Funding helps you to take care of your monthly bills and eliminate emotional stress. But a Workmans Comp loan can help you keep on track, keep
your case moving forward, and keep creditors at bay. Workers Compensation funding gives you cash now to handle bills or expenses while you wait
for a fair resolution of your claim.




About the Author
Paul Sherman, The Lawsuit Money Man, is a Legal Funding Consultant at Easy Lawsuit Funding. Visit our website http://www.easylawsuitfunding.com
to get additional useful knowledge and information about loans for workers comp claims and make an educated decision to apply for your workers
compensation funding or third party lawsuit funding today!


Source: http://constantcontentsource.com

								
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