Louisiana Medical Malpractice Lawsuit Loans
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- Rates As Low As 2.5% Simple, Monthly
- Repay $0 If You Lose
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What is a Medical Malpractice Lawsuit Loan and How Does it Work in Louisiana?
A Medical Malpractice Lawsuit Loan is a form of pre-settlement funding provided by legal financing companies such as LawsuitLoans.io. This loan type helps plaintiffs who are awaiting the settlement of their medical malpractice cases. These lawsuits often take a long time to resolve, placing financial stress on the injured parties and their families.
The loan works by providing cash in advance to the plaintiff, based on the expected settlement amount from the lawsuit. The funds can be used for any purpose, including paying for medical bills, lost wages, or everyday living expenses.
Louisiana has specific laws regarding medical malpractice lawsuit loans. Essentially, they function as a cash advance on your expected lawsuit settlement. If you win your lawsuit, the loan amount plus any accrued interest and fees are deducted from your settlement. However, if you lose the lawsuit, you typically don’t have to repay the loan. The risk is entirely on the lending company.
For example, consider a plaintiff named Jane who was severely injured due to a doctor’s negligence in Louisiana. While she’s confident about the outcome of her lawsuit, the case could take months or even years to settle. In the meantime, Jane has mounting medical bills and she is unable to work. A Medical Malpractice Lawsuit Loan from LawsuitLoans.io could alleviate her financial stress, allowing her to focus on recovery rather than her financial situation.
If you find yourself in a similar situation to Jane, you might consider applying for a medical malpractice lawsuit loan. You can apply directly at the LawsuitLoans.io website by visiting their funding application page or by calling their toll-free phone number (866) 594-1343.
How Lawsuit Loans Work
Here’s how the lawsuit loan process works in three easy steps. The entire process can be completed within 24 hours with your attorney’s help.
Apply Online or Call Toll-Free
Apply online or call us toll-free at (866) 594-1343. Submitting your application takes minutes.
We Review Your Case
Next, we contact your law firm and collect basic information to review your case. Review only takes a few hours.
You Receive Funds
You and your attorney review and sign our funding contract. Once complete, you can have funds within hours.
Types of Medical Malpractice
Medical malpractice is a specific area of law. It covers situations where a healthcare professional causes harm because they didn’t follow the proper standard of care. When that happens, the injured person may have a civil claim against them.
Negligence forms the basis of most medical malpractice claims. This happens when a medical professional doesn’t deliver the level of care expected in their field. If you’re harmed as a result, you may be able to sue for damages.
There are several common types of medical malpractice. Here are a few examples:
Misdiagnosis or Delayed Diagnosis
In these cases, a healthcare provider fails to identify the patient’s illness correctly or in a timely fashion. This can lead to incorrect or delayed treatment, causing more harm to the patient.
These errors can involve prescribing or administering the wrong medication, the wrong dosage, or failing to consider harmful drug interactions. As a result, the patient’s condition could worsen, or they could experience dangerous side effects.
Surgical errors could include operating on the wrong body part, leaving surgical tools inside a patient, or damage caused during surgery. These mistakes can lead to serious health complications or, in severe cases, death.
Please get in touch with us at LawsuitLoans.io or call on our toll-free number (866) 594-1343 if you need funds while pursuing a medical malpractice lawsuit. We provide pre-settlement funding to help plaintiffs cover living and legal expenses during the course of their claim.
Get up to $500,000 with rates as low as 2.5% simple, monthly
Louisiana Medical Malpractice Lawsuit Loan Information
If you’re a plaintiff in a medical malpractice lawsuit in Louisiana and are waiting for your case to resolve, you may qualify for a loan from LawsuitLoans.io. This pre-settlement funding can help cover your living and medical expenses in the meantime. Here are some key facts about these loans:
|LawsuitLoans.io’s average medical malpractice loan||$25,697.79|
|Largest medical malpractice loan by LawsuitLoans.io||$137,471.03|
|LawsuitLoans.io average semi-annual rate for medical malpractice lawsuit loans||18.4%|
|Medical malpractice reports in Louisiana in 2022||787|
|Louisiana medical malpractice statute of limitations||1 year from the date of the act or omission or discovery, but not more than 3 years from the act.|
Get an Instant Quote
Input your requested funding amount and the time your case may take to settle here to see your savings and cost when you choose LawsuitLoans.io. While we sometimes offer interest rates as low as 2.5%, our calculator assumes an interest rate of 2.9%. This calculator is illustrative – please contact us for an instant, written quote for your request.
Months Until Settlement:
Pay as little as $2,631 on a lawsuit loan of $10,000 if your case settles within 6 months of your advance.
Save as much as $1,697 on a lawsuit loan of $10,000 if your case settles within 6 months of your advance.
Save as much as 39% on a lawsuit loan of $10,000 if your case settles within 6 months of your advance.
Am I Eligible For a Medical Malpractice Lawsuit Loan in Louisiana?
If you have suffered harm due to medical negligence in Louisiana, you may be pondering whether you’re eligible for a medical malpractice lawsuit loan. We would like to point out the key criteria for eligibility here at LawsuitLoans.io.
Firstly, having a valid legal claim is perhaps the most important aspect of your eligibility. This means that you are suing an insurance company, self-insured company or a large public entity due to a practical case of medical malpractice.
Secondly, working with an attorney is another crucial requirement. Your attorney legally represents your interests and plays a key role in helping you procure a lawsuit loan. Therefore, if you have not hired an attorney yet, you should do so before applying for a pre-settlement loan.
Finally, as a loan applicant, you should be a legal adult which means you must be 18 years old or older. This is a standard requirement for all forms of loans, including medical malpractice lawsuit loans.
In summary, to be eligible for a medical malpractice loan in Louisiana from LawsuitLoans.io, you need to tick off these three requirements: having a valid legal claim against an insured entity, being professionally represented by an attorney and being at least 18 years old.
Apply today and get funds as soon as the same day you apply!
How Much Money Can I Get From my Medical Malpractice Lawsuit Loan?
Medical malpractice lawsuit loans from LawsuitLoans.io can range from $500 to over $1,000,000. We can advance up to a maximum of 25% of your expected portion of the settlement if your case is still in progress. However, for settled police brutality cases, we are able to offer 50% of your expected portion of the settlement.
Let’s consider an example. Suppose you’re a Louisiana plaintiff pursuing a police brutality claim with an estimated value of $200,000. You are still receiving treatment for your injuries and we estimate it may take another year to resolve the case. Keep in mind that, as a rule of thumb, medical providers receive around a third of the settlement, the attorney gets another third, leaving about $65,000 for you. As we can offer advances of around 25%, you would receive about $16,250 from LawsuitLoans.io.
How Can I Use the Money From my Medical Malpractice Loan?
The funds received from a medical malpractice loan obtained via LawsuitLoans.io can be used for a variety of purposes. They are designed to help support plaintiffs during the challenging process of their lawsuit. As a plaintiff, you often are dealing with physical, emotional, and financial struggles following your incident. The primary purpose of these loans is to provide you with the financial assistance you need while your legal claim is being resolved.
One of the major uses of this funding is for living expenses. This includes your rent or mortgage payments, utilities, groceries, transportation costs, and child care needs. These basic needs often become difficult to meet when faced with the additional expenses of a lawsuit for medical malpractice and possible loss or decrease in income.
Moreover, you may have ongoing medical expenses related to the malpractice incident. The funds provided by the medical malpractice loan will allow you to cover your medical bills, pay for necessary medications, or receive essential therapies without any financial strain.
However, it is important to mention one limitation for using these funds. Although they are available to aid you amidst your legal claim, they cannot be directly applied towards litigation or legal case expenses. Therefore, the loan won’t cover attorney fees, court costs and other related expenses. This policy exists to maintain a clear distinction between funding your lifestyle maintenance and the specific lawsuit case.
Get $500 – $100,000 as soon as today
We understand that if you’re applying for funding with us, you needed the funding yesterday. With your attorney’s cooperation, we can provide funding as soon as the same day you apply with us.
Our Medical Malpractice Loan Process
Understanding how lawsuit loans work is essential for those seeking financial support during a pending legal case. The process is quick, straightforward and transparent. Here are the five main steps a plaintiff needs to take to receive funds:
- Apply online: Simply visit LawsuitLoans.io funding application to start your application.
- We contact your law firm: After receiving your application, our team will reach out to your legal representation for information about your lawsuit.
- We review your case: Upon getting the necessary details about your case, we evaluate it to determine if you are eligible for the lawsuit loan.
- You sign a contract: If your case qualifies, we send a contract delineating the terms and conditions of the loan. Your signature signifies your agreement to the rules.
- You get the funds: Once the contract is signed, funds are disbursed directly to you.
To illustrate, consider the following example. John Doe, a plaintiff with a personal injury claim, decides he wants to apply for a lawsuit loan. John completes the online application, after which the team at LawsuitLoans.io contacts his law firm to gather case details. After reviewing John’s case, the team determines that he is eligible for a loan. They send him a contract which he promptly signs and returns. Shortly thereafter, the agreed-upon funds are transferred directly to John. This process allows plaintiffs like John to financially navigate their legal journey with ease and confidence.
Why Choose LawsuitLoans.io for Pre-settlement and Post-settlement Medical Malpractice Loans
Choosing your pre-settlement funding provider is an important decision. Here at LawsuitLoans.io, we provide benefits that put us ahead in the industry. Here are some reasons why you should consider us.
Low Simple Rates
We value our clients and believe in fair pricing. We offer low, simple rates which start at as little as 2.5% per month. With us, there are no hidden costs or complicated fees to worry about.
We know you’re under stress and need a fast solution. That’s why we can approve your application as quickly as the same day you apply for funding through the LawsuitLoans.io funding application.
Capped Repayment Terms
Your financial wellbeing is important to us. For this reason, we cap the repayment terms for our loan. That means the interest on your loan stops accruing after a certain date, keeping your repayments manageable.
Transparency and Client-first Approach
At LawsuitLoans.io, we take pride in providing transparent services with a client-first approach. When you choose us, there will be no unexpected surprises. We always make sure that our clients fully understand and are comfortable with their pre-settlement funding terms before proceeding.
Get up to $500,000 with rates as low as 2.5% simple, monthly
Most Common Personal Injury Claims we Fund in Louisiana
At LawsuitLoans.io, we fund a wide range of personal injury claims in Louisiana. Here are some of the most common case types we handle:
- Car accidents: We provide funds for plaintiffs involved in car accident lawsuits. These include collisions involving other cars, pedestrians, or inanimate objects.
- Commercial vehicle accidents: Involved in accidents with trucks, buses, or other commercial vehicles? You are also eligible for our funding.
- Roadway accidents: Any other roadway accidents that result in personal injuries can qualify for our funding services.
- Premises liability claims: We also cater to those injured on others’ property due to unsafe conditions.
- Medical malpractice: If you’ve suffered due to negligent care from a healthcare provider, LawsuitLoans.io stands with you through your legal journey.
- Work Injuries: Workplace accidents due to employer negligence can lead to significant financial difficulties. We offer funding to lighten this burden.
- Slip and fall claims: Slipping, tripping, or falling due to unsafe property conditions often leads to personal injury. We provide funding for these claims.
- Dog bite lawsuits: Animal attacks, particularly dog bites, can result in severe injuries. We offer pre-settlement funding for people with these types of claims.
- Wrongful death claims: The devastating loss of a loved one due to negligence can lead to a significant financial stranglehold. We’re here to alleviate some of that pressure with our funding options.
- Police misconduct: Claims against law enforcement officers for excessive force, false arrests, or other civil rights violations also qualify for our funding.
- Almost any personal injury claim: If your case involves a personal injury and isn’t listed above, reach out to us. More often than not, we’ll be able to help.
Louisiana Medical Malpractice Pre-Settlement Funding FAQs
Here are some of the frequently asked questions by Louisiana residents regarding medical malpractice pre-settlement funding.
What is the most you can sue for medical malpractice?
In Louisiana, the maximum amount you can sue for in a medical malpractice case is $500,000 plus medical expenses. This cap does not apply to future medical costs and ongoing care required due to the malpractice.
Who gets the money in a medical malpractice lawsuit?
Typically, the compensation in a medical malpractice lawsuit goes to the plaintiff, that is, the person who files the lawsuit. This money is meant to offset the medical expenses, lost earnings, as well as the pain and suffering endured as a consequence of the malpractice.
Is pre-settlement funding worth it?
Yes. Pre-settlement funding is worth considering especially when you are waiting for your medical malpractice lawsuit to settle. It provides the needed resources to cover life expenses and medical bills while waiting for the settlement. It’s also non-recourse, which means if you lose your case, you owe nothing back to LawsuitLoans.io.
Apply today and get funds as soon as the same day you apply!