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Get Help From our Michigan Workers’ Comp Lawyers Today
You’re not alone. Our Michigan workers’ comp lawyers have been called the best in the state, and we pride ourselves on providing you with care, trust, and responsiveness.

Warning about lawsuit cash advance and how to get a loan directly from workers comp.

6355360253_30e095425d_mIt can be extremely hard for a person on workers comp. Wage loss benefits are typically just 60% of gross earnings. Some people get even less based upon “wage earning capacity.”

Many people have financial difficulties including paying the mortgage, school tuition, and putting food on the table. Trying to support a family on a reduced income just doesn’t work.

We do not recommend that our clients seek cash advances on their workers comp cases. Many of these loan companies charge excessive fees and interest rates. Here are some better options.

Advance Payment

If you are currently receiving lost wages under workers comp then you can seek an advanced payment of benefits. This is not a loan but accelerated payment of weekly checks. You will pay interest but no excessive fees.

Insurance companies recoup their money by reducing future checks. Most will refuse an advance payment request because there are no guarantees that lost wages will continue indefinitely.

A magistrate can order an advance payment under specific circumstances. Some good reasons to ask for an advance payment are to fix a car if looking for a new job or to finish school. Paying off debt has not been found to be a good reason.

Redemption

Many of our clients opt to trade their workers comp benefits for a lump sum cash payment. This allows them to seek medical treatment and vocational rehabilitation on their own terms. A cash payment also helps them get back on their feet.

Insurance companies treat settlements like any other business decision and it must make financial sense for them to write a big check. Factors to be considered include length of disability and future medical expense.

It is always a good idea to speak with an experienced attorney before discussing settlement with the insurance company. Fees are capped at 10% and are easily made up with higher negotiated amounts.

Michigan Workers Comp Lawyers never charges a fee to evaluate a potential case. Our law firm has represented injured and disabled workers exclusively for more than 35 years. Call (855) 221-2667 for a free consultation today.

Related information:

How much is my workmans comp case worth?

Photo courtesy of Creative Commons, by 401(K) 2013.

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Author Bio Jeffrey Kaufman

Author
Jeffrey E. Kaufman
Michigan Workers Comp Attorney

Jeffrey E. Kaufman has extensive experience in workers compensation cases and has recovered millions of dollars in benefits for his clients. He believes all injured workers deserve to be on equal footing with insurance companies and employers, and fights tenaciously so their rights are secured and protected.


“Jeff also helped me with getting my Blue Cross bills paid. I would absolutely recommend him and the whole firm. Jeff and the firm did everything they were supposed to do for me and my case.”
Ricardo Perfetto

Hundreds of 5-Star Reviews

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Get Help From our Michigan Workers’ Comp Lawyers Today

You’re not alone. Our Michigan workers’ comp lawyers have been called the best in the state, and our clients love how they’re treated with care, respect, and responsiveness. We will give you the time you need, we will explain your legal rights, and we will always treat you with respect.

Our workers’ compensation and Social Security disability lawyers always put your needs first. Get to know your legal team.

Our attorneys post regularly about common issues related to workers’ comp, including common injuries, settlement calculations, laws, and more.

Injured? It’s Time to Get Some Answers

Don’t let the insurance adjuster push you around. Request your free consultation today.

"*" indicates required fields

This field is for validation purposes and should be left unchanged.

Our attorneys post regularly about common issues related to workers’ comp, including common injuries, settlement calculations, laws, and more.

Our workers’ compensation and Social Security disability lawyers always put your needs first. Get to know your legal team.