Getting approved for a personal injury settlement or some other type of lawsuit settlement is always great. However, you still can’t pay your bills with the settlement money until you have it in your hands. It could be quite some time before you get your settlement money depending on the responsible party and how they choose to handle themselves. The following are some ways that you can get your hands on some funds until you get your insurance settlement money:
Apply for a Cash Advance
It might be possible to get access to quick cash loan options despite being out of work due to injury. If a spouse is employed and receiving steady income, this can be used to get money in your account as soon as the next business day. Unemployment benefits and disability also count as income which can be used to obtain a cash advance. The important thing is for applicants to analyze the terms and conditions to understand the repayment plan inside and out before going forward.
Apply for Disability Benefits
Another option that you may want to consider is applying for some disability benefits. Disability is available to any person who meets the requirements. Various government disability programs facilitated by ndis support coordination services and similar organizations can assist you if you may be unable to work permanently. Depending on your situation, you may also be eligible for financial assistance from government entities if you have been disabled for more than 12 consecutive months. And in case you have incurred a disability through your job, you can use that to get money while you’re waiting for your settlement to start paying you. For instance, in the event of a workplace accident where you lose your hearing capability, you may be entitled to financial assistance from your employer, or you can also apply to get the required help (Phonak hearing aids, for example) and other monetary benefits. However, all disability claims require that you send substantive medical information from a doctor so that the company will know that you are unable to perform your regular work tasks.
Get Friends and Family to Contribute
Another thing that you can do if you need to accumulate some funds while you’re waiting for a settlement is asking friends and family members to help. You may have some well-off distant relatives or a kind-hearted benefactor who will be willing to help you get through life until your money comes. That may be especially true if you offer to show this person proof of your impending settlement. Getting the funds from friends family will take some of the stress off your life because you won’t have to worry about anything like taxes, interest charges or “fees.”
Ask Through Peer-to-Peer Lending Site
A peer-to-peer lending site is another place you can go for money before your settlement. These sites allow people to provide you with the money that you need for a fixed amount of time and with a reasonable interest rate. Each site has different criteria for qualifying people. You may have to have a certain credit score for these organizations even to consider you. You will have to provide proof of address and citizenship if you want to obtain credit from such providers, as well. The great news is that you’ll have a fair amount of time to repay the advance if you get one.
Those are just a few suggestions for gathering funds as you wait for the money from your settlement stemming from injuries sustained on the job. You can try the one that works the best for you and give you the most reasonable amount of time to repay it. You’ll find a product or solution that works perfectly for your situation.