5 Ways to Take Care of Your Finances After Being Injured at Work
Tuesday, October 11, 2016, 6:00 AM | Leave Comment
A work injury is something that is most likely going to cause you to suffer financially. After all, your job is your livelihood. It’s how you pay your bills.
The following are some effective ways that you can generate some finances after you suffer a work injury.
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Examine Eligibility for Benefits or Compensation
The first thing you want to do after a work injury is check to see if you are eligible for benefits or compensation. Workers’ compensation may be available to you if your employer has enough employees working for it.
That is a benefit that can reimburse you for part of your work wages.
According you Hansen Injury Law, a group of Boise accident and injury lawyers, you may be able to press charges against your employer for compensation especially if they at fault for causing your injury. You should speak with someone about that possibility as quickly as possible.
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Apply for a Personal Loan
You may want to apply for a personal loan with your local bank so that you will have some monies to cover you until you can get back to work. The application process may take a week or two, but you can get an approval if you have a positive history with your bank, and your credit score is high.
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Apply for Quick-Cash Loans
Quick-cash loans are loans like payday loans and title loans that do not require you to have the best credit. The title loan is your best option for fast cash because it goes by the value of your car rather than a paycheck that you won’t be receiving for a while.
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Pawn Some Items
Another option you have for getting some finances into your household is to pawn something that you own. It may be an instrument, a piece of jewelry, a gaming system or something else. The amazing thing about pawn shops is that they allow you to come back and retrieve your items for a small fee.
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Have Someone Sell Your Valuables Online
Finally, you can sell some of your household items online to generate some cash. You will probably need someone to help you because of your injuries.
The previously mentioned suggestions are just a few ways you can try to preserve your finances so that you can make it through difficult times. Many additional creative methods are available.
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