Mayfair Legal Funding is a lender who helps injured workers in New Mexico access fast cash during active workers’ compensation claims. We offer non-recourse funding, meaning repayment only happens if your case wins.
What is a Workers’ Comp Loan?
Workers’ Compensation lawsuit loans are cash advances given to injured workers with pending workers’ comp claims. These loans are non-recourse, meaning repayment is only required if you win or settle your case. They help cover essential expenses like rent, medical bills, and groceries while waiting for a settlement.
A Workers’ Compensation Lawsuit Loan is not a traditional loan. It’s a cash advance based on your pending claim, designed to support injured workers while they wait for a settlement.
This type of legal funding helps cover urgent costs like rent, utilities, food, and medical care. If your injury happened at work and you’ve hired a lawyer, you may qualify for immediate funding. Read below to find out how easy it is to qualify!
Benefits of Workers’ Compensation Lawsuit Loans
Mayfair Legal Funding offers non-recourse cash advances that give injured workers financial breathing room. These advances are not reported as income and have no impact on your credit score or employment status.
Key benefits include:
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Fast approval and funding in 24–48 hours
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No repayment unless you win your case
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Simple 2–4% monthly interest from Mayfair (no compound interest and B.S fees with us!)
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No credit checks or employment verification
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Can be used for any essential expense: rent, groceries, utilities, and more
This type of funding helps prevent premature settlements due to financial pressure. It ensures that workers have time to pursue the full value of their claim.
Call Mayfair Legal Funding today at (888) 357-1338 to see if you qualify for a New Mexico workplace injury advance. We can get you pre-approved in as little as 24 hours.
- Albuquerque
- Las Cruces
- Rio Rancho
- Santa Fe
- Roswell
- Farmington
- Clovis
- Hobbs
- Alamogordo
- Carlsbad
- Gallup
- Los Lunas
- Sunland Park
- Deming
- Chaparral
As well as rural areas in the following counties: Bernalillo, Catron, Chaves, Cibola, Colfax, Curry, De Baca, Doña Ana, Eddy, Grant, Guadalupe, Harding, Hidalgo, Lea, Lincoln, Los Alamos, Luna, McKinley, Mora, Otero, Quay, Rio Arriba, Roosevelt, Sandoval, San Juan, San Miguel, Santa Fe, Sierra, Socorro, Taos, Torrance, Union, Valencia.
New Mexico Workers’ Comp Benefits Rundown
New Mexico workers’ compensation is governed by the New Mexico Workers’ Compensation Act (NMSA 1978, §§ 52-1-1 through 52-1-70). The act mandates that most employers provide workers’ comp coverage for employees injured on the job.
The maximum weekly indemnity benefit in New Mexico for temporary total disability (TTD) is $1,179.18, based on 100% of the state’s average weekly wage (AWW) as of 2024. The minimum weekly payment is $40 or the worker’s actual wage, whichever is lower.
Injured workers are entitled to:
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Medical care paid for by the employer or insurer.
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Temporary total disability (TTD) benefits, paid at 66.67% of the worker’s average weekly wage, up to the state maximum.
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Permanent partial disability (PPD) and permanent total disability (PTD) benefits, calculated based on impairment ratings and wage levels.
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Vocational rehabilitation services if the worker cannot return to their previous job.
Employers and insurers must follow the 14-day rule: they must begin payments within 14 days of notice unless the claim is denied.
New Mexico law prohibits traditional loans against workers’ comp benefits. However, non-recourse pre-settlement funding is not considered a loan under state usury laws because repayment is contingent on case success.
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Call Mayfair Legal Funding today at (888) 357-1338 to see if you qualify for a New Mexico workplace injury advance. We can get you pre-approved in as little as 24 hours.