Train & Railroad Accident Settlement Loans
Did you know you could receive cash on your lawsuit before it settles?
Bridgeway Legal Funding can provide pre-settlement loans to injured railroad workers today while you wait for the conclusion of your Federal Employers Liability Act (FELA) lawsuit. Workers injured while working on or around a railroad can receive compensation for injuries and time lost due to negligence of their employer. Unfortunately the process can be extremely slow and most workers cannot afford to wait. An advance from Bridgeway is a risk-free opportunity to receive cash today to help you meet your expenses while your attorney fights for your full compensation. If your case is lost and you do not receive a settlement, the advance you received does not need to be repaid!
What is a FELA case?
The Federal Employers Liability Act, or FELA, was created in 1908 as an avenue for injured railway workers to receive compensation for injuries because railway employees are not covered by state workers compensation laws. If an employer is found to be at least partially negligent, a claim can be brought. If a jury awards a settlement amount, that amount is then adjusted by the percentage the employer was found to have been negligent. For example, if an injured worker was awarded $10 million but the employer was only found to have been 75% negligent for the accident, the compensation would be adjusted to $7.5 million.
What is a settlement loan?
Pre-settlement funding, also known as a “lawsuit loan” or “litigation finance”, is a non-recourse advance on the future estimated value of your FELA lawsuit. Taking an advance on your claim will have no interference or negative effects on the outcome of your case but will provide essential money to support you and your family until your case is concluded. Since the advance does not need to be re-paid unless you receive a settlement, funding requires no payments, credit or background checks. Once your case settles and your attorney receives the money, they will repay your advance.
How the process works:
The application process is quick and easy. Apply today either by submitting an application on your website or by phone call to (800) 531-4066. Once you apply, our underwriters will give you a brief telephone interview on how your accident happened, request the appropriate documents from your attorney’s office and then let your know how much of a case advance we can offer you. After your approval, a contract is signed and returned to Bridgeway by you and your attorney, and then we can immediately wire transfer the funds into a bank account or a check can be over-nighted via UPS.
Why should I use Bridgeway Legal Funding?
Fast: Funding can be completed within a day: Bridgeway is a small team that is highly accessible to provide immediate attention to your questions and needs.
Low Rates: Bridgeway offers funding at industry low rates. By seeking out the lowest rate for your lawsuit loan, you can save hundreds or thousands of dollars in fees each year!
Direct Funder: Bridgeway is a direct funder of cases, as opposed to using a brokerage service. Contacting a direct funder will allow you to avoid additional fees that routinely increase the cost of funding 15-20%!
Trusted and Secure: Bridgeway is an active member of the American Legal Finance Association (ALFA) which is a trade organization overseeing the legal funding industry to establish industry standards & guidelines to comply with all laws and regulations.
Who can receive a settlement loan?
Bridgeway can provide pre-settlement advances for train and railroad accidents that occurred in the following states: Alaska, Arizona, California, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Dakota, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming and the District of Columbia (D.C.)