Trains all across the country travel more than a million miles a day to transport goods, services, and people. Workers are needed to operate the trains and manage the railroad systems. According to the Bureau of Labor Statistics, there were approximately 105,500 railroad worker jobs in 2016. Every year, a number of employees are injured on the job. If you’ve been hurt and have filed a personal injury claim, you may be eligible for FELA train accident lawsuit funding.
FELA Train Accident Claims
If you’re injured while working for a railroad company, your rights are protected under the Federal Employers Liability Act (FELA). According to the act, you can seek compensation for your injuries and pain and suffering if the accident was caused by your employer’s negligent behavior.
The most common railroad accidents that lead to FELA claims include train derailments, slips, trips, falls, explosions and electrocutions, and heavy equipment and machinery injuries. According to the Federal Railroad Administration, the majority of train accidents are the direct result of human error.
There are a number of injuries that those accidents could result in. While no accident is minor, some incidents, fortunately, result in less severe injuries. Lacerations, sprains, and soft tissue injuries can often be treated quickly and may not take a long time to heal. When an accident results in more severe or even catastrophic injuries, a person’s life could be changed forever. Spinal cord injuries, severe burns, lost limbs, or traumatic brain injuries can affect a person for a considerable amount of time, if not for the rest of their life.
If you file a personal injury claim, the compensation you are awarded under FELA varies depending on the unique circumstances of your case. With a strong claim, however, you could be awarded compensation for past and future medical expenses, past and future wages—particularly if you are unable to continue being gainfully employed, lost benefits like vacation pay or medical insurance, and pain, suffering, and emotional distress. Unfortunately, that compensation isn’t always available when you need it. Train accident litigation is complex, so claims can take a long time to settle. If you need money now, applying for lawsuit funding can help.
Understanding the Lawsuit Funding Process
At Preferred Capital Funding, we understand how difficult it can be to recover from serious injuries while taking on a personal injury claim. While your lawyer will help you with the legal matters, it’s not uncommon to fall behind on payments. If you’re dealing with medical bills, everyday expenses, and the inability to work, we can provide you with funding so you can get your life back in order faster. While we can answer all your questions regarding lawsuit funding in detail if you contact us, we’ll give you an overview of the process below.
How to Qualify for a Injury Funding
Fortunately for injured victims in need of money fast to aid in recovery and everyday expenses after an accident, there are no strict qualifications. If you meet the following, you can submit an application for lawsuit funding:
- You have been injured in a train accident.
- You have an active FELA train accident claim in the works.
- You are working with an attorney.
Those three qualifications are all it takes to submit an application. We won’t need to check your credit score, collateral, or employment status. From there, we’ll evaluate your claim and determine the amount of funding that’s reasonable. If you’re uncertain as to whether you meet the qualifications, give us a call and we’ll be able to do a quick assessment to find out if a pre-settlement funding is right for your circumstances.
Applying for Pre-Settlement Funding
The application process for FELA train accident lawsuit funding is quick and simple:
- Submit your application online or give us a call.
- We’ll contact your lawyer to discuss the strength of your claim.
- Our legal underwriters will evaluate your application.
- A funding specialist will contact you.
- You could have your money in as little as 24 hours.
The Repayment Process
The repayment process for pre-settlement funding is unique. Understanding how it works can help you decide if the process is right for you:
- If you win your case, you’ll pay us back all at once from the awarded compensation.
- If you lose your case, you don’t owe us anything.
- There are no upfront costs.
- All fees and interest are calculated ahead of time, so you know what your total repayment is from the beginning.
Apply for Funding Today
As you can see, the lawsuit funding process is fast, easy, and risk-free. If you’re struggling financially while dealing with a personal injury lawsuit, we can help you with monetary recovery for your injuries. Talk with your lawyer to learn about your options. If you think FELA train accident lawsuit funding is for you, submit an application with us today.