It’s not unusual for employees to have friction with their employers. If you have disagreements or tension in the workplace, it’s always best to resolve it amicably. But, when workplace conflicts escalate into discrimination, harassment, and wrongful termination, then it’s time to move on.
However, some bitter employers will hold grudges against employees and retaliate by withholding employee’s wages and any other payment that is legally due to them. And this can be frustrating.
If your employer has denied you wages, you can file an unpaid wages lawsuit per The Fair Labor Standards Act of 1938. The Fair labor acts shields employees from embittered employers who refuse to pay their employees because of a disagreement.
Even though you have every legal ground to sue your employer and claim damages, the case may take a while to settle – Making it relatively challenging to get judgment and settlement for unpaid wages claims in good time.
To help you tide over the financial pressure that follows prolonged litigations, you can borrow money from your settlement, otherwise known as lawsuit funding for unpaid wages.
How do lost wages lawsuit loans work?
Suppose you are just learning about lawsuit funding for wage law violation; it simply means borrowing money from that pending lawsuit.
All you have to do is contact a lawsuit funding company like Baker Street Funding and apply for a cash advance against your expected settlement award. You could borrow between 10% to 20% of the potential value of your settlement proceeds while your labor litigation is ongoing — pre-settlement funding.
If the case is settled and the award is yet to be paid, you can get up to 50% of your award depending on various factors.
However, one primary concern about lawsuit funding is the spike in the number of companies feigning to be legal funding companies. Often, most of these companies are sharks and will take advantage of your situation to rip you off. It is always best to pick the best company wisely.
Finding the best lawsuit funding company for your unpaid wages lawsuit
While you are searching for the best legal funding company for your unpaid wages lawsuit, it’s always best to keep an eye out for gimmicks.
Here are reasons why Baker Street Funding wage law violation lawsuit loans could be right for you:
1. Get approval within 24 hours
Baker Street Funding leverages the best technology to ensure that your lawsuit loan application gets through to us in record time.
Once your application gets across to us, and we accept it, our underwriters, who are also seasoned attorneys, will evaluate your cases and determine if it qualifies for a loan on your wages violation case.
Hopefully, if you qualify, we will contact your attorney to finalize the necessary documentation and send a contract to be dually signed by you and your attorney. When we receive the dually signed contract, we will immediately send the funds to you within an hour or two, depending on the method you choose to be paid.
2. There are no credit checks
Regardless of your credit history or score, you are eligible to apply for your lawsuit loans. We are not concerned about your credit score; we are only interested in providing you with the financial aid you need to win the best settlement.
Other offers that make our unpaid lawsuit funding stand out includes:
- No hidden charges
- No employment check
- We offer low rates
- Free consultation
Get low rates of unpaid wages lawsuit loans
Speaking of low rates lawsuits loans, Baker Street Funding offers 2% flat for attorneys and from 2.95% to 3.4% monthly non-compounding rates for plaintiffs. This way, you don’t have to lose sleep over repaying the loan with a massive chunk of your award.
As a demonstration of our commitment to a transparent legal funding process, we always insist that you have legal representation for your case. You must have employed an attorney on contingency to get our low rates lawsuit loans.
In addition to helping you negotiate the right amount for your case, your attorney will help you understand the terms of our contract when you are borrowing money from a pending settlement award.
How much is my unpaid wage claim worth?
The value of your unpaid wages lawsuit is dependent on the facts surrounding your case and the nature of your claims. A typical unpaid wages claim could be for overtime wages or payment for additional or extra projects the worker agreed to.
Also, the amount of compensation paid to a plaintiff in Kansas will vary from that of New Jersey because some states pay a higher minimum wage than others.
Considering these and many other factors, it is almost impossible to tell your case’s exact value. However, a professional unpaid wages attorney can provide estimates to determine how much damages or compensation you can claim from your employer.
How Baker Street Funding lawsuit loans can help?
If you or someone dear to you is involved in an unpaid wages lawsuit and needs urgent funds to continue their case, Baker Street Funding offers flexible wage law violation lawsuit loans. Our loans are non-recourse and 100% risk-free. Unlike traditional loans, you don’t have to pay principal and interest if you lose the case. Get in touch with us to learn more about the non-recourse cash advance, or go ahead and apply by filling out our short application form online now.