Wrongful Termination Lawsuit Funding | Lawsuit Cash Advance

WRONGFUL TERMINATION LAWSUIT FUNDING

Employment law legal funding

Employment law legal funding has become a hot topic recently. Have you ever been rejected for a position due to your race or gender? Or perhaps you experience discrimination in your place of employment already. Discrimination, whether due to gender or race or sexuality or religion, is just one of the many sufferings you may endure in the workplace. For some unfortunate people, there is much worse to endure in a job. Maybe your wages haven’t been paid as promised. Maybe you were fired wrongfully without proper HR channels, perhaps as retaliation. There are legal routes that you can pursue to gain the compensation and justice you deserve, but even those are fraught with delays, red tape, and lengthy court battles. You may not see that compensation for months, maybe even years.

Navigating an employment lawsuit can be financially and emotionally draining. Whether you’re dealing with wrongful termination, workplace discrimination, or unpaid wages, the financial strain of waiting for your case to settle can feel overwhelming. This is where employment law legal funding steps in as a lifeline. Legal funding provides plaintiffs with the resources they need to stay afloat while their case progresses. In this article, we’ll break down what employment law legal funding entails, its benefits, and how it can help you secure a better settlement.

Types of Employment Law Cases

There are various workplace dispute types that are common to take to court. Let’s hash out the most common types of disputes that are successful in litigation,

• Wrongful termination occurs when an employee has been fired unjustly or in violation of their employment agreement. This form of termination often occurs during management transitions or as retaliation for some other slight.
• Workplace Discrimination cases involve discrimination, either in the workplace or during the hiring process. Discrimination can take many forms: whether racial, disability, gender, sexual, or even religious.
• Wage and Hour Disputes occur when workers are denied fair pay, overtime, or other benefits. 
• Sexual harassment involves inappropriate behavior inflicted by an aggressor to a victim, usually by violating bodily privacy. This kind is often underreported, but can be very successful in court if good papertrails are maintained.

Each type of case can be funded through lawsuit loans to help plaintiffs manage their financial responsibilities while pursuing justice.

How Pre-Settlement Funding Can Help

An employment lawsuit loan, also called pre-settlement funding, is a cash advance upon a settlement that plaintiffs can use to cover immediate expenses while their lawsuit is ongoing. Unlike traditional loans, lawsuit funding doesn’t require monthly payments. Instead, the funding company provides you with cash now, and you repay it from the eventual settlement or court award rather than out of your own pocket. 

Additionally, lawsuit loans are not granted based on personal credit. Rather than checking your personal responsibility with credit, availability of lawsuit funding is contingent upon the details of your case and the expected settlement. Since you are not borrowing against yourself, but the settlement of your case, there is no need to check personal credit.

Lastly, the loan is non-recourse, meaning that you do not take on the risk of your own loan. Therefore, if you don’t win your case, you won’t owe the money back, so there is no risk. If you do win, repayment begins only after the success of your case and delivery of your settlement, so you will never be in the red financially.

How Can Employment Law Legal Funding Help Me Get a Better Settlement?

Legal funding doesn’t just alleviate financial stress; it also gives you time and leverage. Without funding, plaintiffs may feel pressured to accept a lowball settlement offer to pay bills or cover living expenses. Defendants will often try to hush lawsuits by offering low settlements and avoiding dramatic courtrooms and arbitration.

Additionally, the money you use to fund your case can help strengthen the case itself by affording expert witnesses and stronger legal representation. Ultimately, the greatest freedom it offers is the financial levity of being able to cover day to day needs, allowing you to focus your energy on fighting in the courtroom instead of fighting your bills.

What can Pre-Settlement Funding for an Employment Lawsuit be Used For?

You might be wondering what you can use a lawsuit loan for. The answer is simple: just about anything. These loans are meant to act as a buffer until your settlement comes through. They allow for clients to have some breathing room while a lawsuit is still pending. Most people use their settlement advance to cover everyday expenses like:

• Rent or mortgage payments
• Utility bills
• Medical expenses
• Groceries and household essentials
• Childcare costs
• Transportation costs

This funding can give you the breathing room you need while waiting for your settlement. Additionally, it allows you to focus on your recovery without the constant worry of falling behind on bills. The fight for litigation can take months, maybe years, and you will not see your settlement until the final gavel swings. Pre-settlement cash advances can bridge the gap until you can get the justice and compensation you deserve.

At-Will Employment and Wrongful Termination Employment Law Claims

In many states, such as Florida, the employer-employee relationship operates under at-will employment, which means that either the employer or the employee can end the employment relationship at any time, with or without cause, and with or without notice. Obviously, this means that employers can choose to fire you for no reason without repercussions. However, wrongful termination can still be claimed if you believe you are a victim of discrimination or retaliation.

Additionally, some employees are bound in employment by special contracts which circumvent the at-will employment relationship. In those cases, unjustified termination may also be subject to the same claims as wrongful termination.

If you’ve been wrongfully terminated, employment law legal funding can provide the financial relief you need while pursuing justice.

How Long Does It Take to Get Employment Lawsuit Funding?

Securing pre-settlement funding for a pharmaceutical lawsuit is typically faster and easier than applying for a traditional loan. Most funding companies, including Legal Bay, offer a streamlined application process, and once approved, you can receive your funds within a few days. The application is fast, free, and requires no credit checks.

If you’re interested in securing lawsuit funding, the first things you will need are a lawyer and an active lawsuit. An experienced attorney will help you sort through evidence and will be knowledgeable on the ins and outs of your case, and the lawsuit itself is necessary to get the ball rolling.

After that, applying for a lawsuit loan is as easy as 1-2-3!

1. Apply Now
   • Begin by submitting your application online or over the phone at (877) 571-0405. You would need to provide your contact information, information regarding your case, and the contact information for your attorney/case manager.
2. Review
   • Once your application and all needed documents are received from your law firm, your case will be in review. We assess cases based on the estimated settlement amount and the likelihood of success of your case. 
3. Funding!
   • Once you are approved, you will receive your settlement cash advance in as quickly as 24 hours.

Once you receive your pre-settlement loan, you are free to spend it as you see fit to alleviate your financial concerns. When the time comes to repay, after your case is settled, your repayment will come straight out of the settlement. And again, if you don’t win, you don’t pay!

Am I Eligible for One of These Loans?

Approval for an employment lawsuit loan is based primarily on your case’s strength. While each funding company has unique criteria, you are eligible at minimum if you are actively pursuing a car accident lawsuit with legal representation and your lawyer is cooperative and can provide case details.

To actually determine whether or not you will be approved for a loan, the lawsuit loan company will need the details on your case and the cooperation of your attorney. From there, the company can determine the likelihood of success of your case and the expected settlement amount. The more likely your case is to succeed, the less risk there is in investing in your case, and the more likely you are to be approved for a loan. Similarly, the greater the expected settlement amount of your case, the more money you may be approved to borrow. 

How Much Can I Get from an Employment Lawsuit Loan?

The amount of money you can get through an employment lawsuit settlement loan depends on the estimated value of your claim. Generally, you may be loaned between 10% and 20% of your anticipated settlement. Legal Bay and other reputable funding companies work with your attorney to determine the right amount based on your specific case.

Loan amounts can vary from a few thousand dollars to much larger sums, depending on the nature and severity of your lost wages, damaged reputation, and the anticipated settlement figure. It’s important to remember that this isn’t free money—it’s a cash advance that you’ll repay from your settlement. Ultimately, you will gain less money than waiting for the settlement. But you have to determine if it is worth it to wait for the suit to finish.

FAQs

How Do I Borrow Money from a Lawsuit Settlement?

To borrow money from a lawsuit settlement, you need to apply for pre-settlement funding with a reputable legal funding company. Provide the necessary information about your case, and if we approve it, we’ll give you a cash advance that you repay once your case is settled.

Are Lawsuit Loans Worth It?

Yes, lawsuit loans can be worth it if you need immediate financial relief while waiting for your settlement. They offer a way to cover expenses without risking your financial stability, as you only need to repay the loan if you win your case.

Can I Borrow Money if I Have a Pending Lawsuit?

Yes, you can borrow money if you have a pending lawsuit. Pre-settlement funding companies like Legal-Bay Lawsuit Funding offer advances based on the anticipated value of your lawsuit, helping you manage your finances while your case is ongoing. The more money your case is worth, the more you might be able to borrow!

How Much Do Lawsuit Loans Cost?

The cost of lawsuit loans varies depending on the funding company and the specifics of your case. Typically, you’ll repay the advance plus any agreed-upon fees once your settlement is received. However, you will never have to repay your pre-settlement loan until your case is settled.

Can I Get a Loan Against My Lawsuit if It Is a Class Action Lawsuit?

Yes, you can get a loan against a class action lawsuit. Specifically, legal funding companies evaluate class action lawsuits similarly to individual cases. In addition, they provide advances based on the expected settlement amount.

What Happens if I Lose My Lawsuit Case?

If you lose your case, you owe us nothing. In fact, lawsuit funding companies get paid solely from your settlement. Therefore, if you do not win a settlement, your assets and personal income remain safe. Moreover, litigation funding companies, like Legal-Bay Lawsuit Funding, are here to ease your stress, not add to it!

Apply Today!

If you’re ready to take control of your finances during this challenging time, Legal Bay can help. Applying for an employment lawsuit loan is simple, and our team is here to assist you every step of the way. We understand the hardships that plaintiffs face and work hard to make the application process as stress-free as possible.

Contact Legal Bay

Legal Bay is a trusted provider of employment lawsuit loans, offering fast and reliable funding to plaintiffs. As one of the best pre-settlement funding companies, we’re committed to transparency and customer satisfaction. No hidden fees or complicated agreements. Legal Bay ensures that you get the financial support you need. If your case is especially promising, your pre-settlement funding could be approved same-day! Same day pre settlement loans are definitely an option if your case is promising. Check out some Legal Bay funding reviews to see how we have helped clients get the funding they need.

Don’t Wait! Apply today!

Legal-Bay is a leader in lawsuit cash advance funding in wrongful termination and discrimination cases within the workplace or otherwise. Many legal finance companies do not fund these types of cases due to the complexity and the defiance of the employer to continue to fight the case at all costs. Many times, this leaves the plaintiff dejected and without an immediate source of income. In some cases, the wrongful termination or discrimination makes it difficult for the plaintiff to even find a job from other employers in their market over a long period of time due to further discrimination. Often this leaves the plaintiff without basic funds to live their life.

Legal-Bay understands this dynamic well and goes above and beyond to help the victim with getting the support they need to resume their life with dignity until they can find another employment opportunity. Our experienced Wrongful Termination and Discrimination Lawyers are here to evaluate your case and approve your cash advance on pending lawsuit quickly.