Oklahoma Medical Malpractice Lawsuit Loans

What is a Medical Malpractice Lawsuit Loan and How Does it Work in Oklahoma

A medical malpractice lawsuit loan, also referred to as pre-settlement funding, is a type of financial support provided to plaintiffs. This type of loan is specifically designed for individuals who have filed a legal claim regarding medical malpractice and are currently awaiting the resolution of their case.

In many instances, the process towards a legal settlement can span several months or even years. In such a long duration, plaintiffs might face significant financial pressures. This is where a medical malpractice lawsuit loan comes into play.

Now, let’s consider a typical example. Let’s say there’s an individual, John, residing in Oklahoma. John was unfortunately a victim of medical malpractice that resulted in severe injuries and lost wages. While his attorney works towards attaining a fair settlement, John is struggling to manage his bills, living expenses, and medical costs.

In such a situation, John could apply for a pre-settlement funding from LawsuitLoans.io. Once approved, he could use this without any restrictions to pay his bills, cover medical expenses, or cater to any other immediate needs. This allows John to wait patiently for the outcome of his case without worrying about instant financial pressures.

The beauty of such a medical malpractice lawsuit loan is that it is non-recourse in nature. Essentially, if John doesn’t win his case, he does not need to pay back the funds received. Thus, providing him with financial security during an unpredictable period.

Types of Medical Malpractice

Medical malpractice is a term used when a healthcare professional fails to meet the standard of care necessary in their profession, leading to harm or injury to the patient. The standard of care refers to the accepted practices that other health professionals would reasonably follow in similar circumstances. When this standard is not met, it can result in patients filing a lawsuit for any damages incurred.

A plaintiff — that is, the patient bringing forward the civil claim — might allege medical malpractice due to negligence. This could happen if a medical professional made an error while diagnosing a condition, chose improper treatment options, or failed to communicate all relevant information to the patient.

Below, we provide several examples of medical malpractice:

Misdiagnosis or Delayed Diagnosis

A misdiagnosis or delayed diagnosis can lead to a patient receiving unnecessary or ineffective treatment. This might also mean they miss getting timely and proper treatment for their actual condition, potentially worsening their health situation.

Surgical Errors

Surgical errors can include performing the wrong surgery, leaving surgical instruments inside a patient, or causing injuries during the operation. These situations can create further health issues for the patient.

Medication Errors

Prescribing or administrating the wrong medication or dosage can have serious or even fatal consequences for patients.

Poor Follow Up or Aftercare

Inadequate follow-up or aftercare can lead to complications or delays in the recovery process. Effective aftercare is crucial in helping patients recuperate from medical procedures or illnesses.

Anyone experiencing these or other forms of medical malpractice might consider seeking legal advice. Plaintiffs pursuing a claim may also benefit from financial help during the litigation process. A pre-settlement funding company, such as LawsuitLoans.io, offers funds required by plaintiffs to manage their economic needs while they wait for the resolution of their legal case. To apply, visit the LawsuitLoans.io funding application.

Oklahoma Medical Malpractice Lawsuit Loan Information

Medical malpractice lawsuits can be a stressful and time-consuming endeavor. In Oklahoma, LawsuitLoans.io is here to help those experiencing this hardship with financial resources during their legal proceedings. The information below gives an overview of the type of assistance we typically provide in these cases.

Am I Eligible For a Medical Malpractice Lawsuit Loan in Oklahoma?

If you’ve suffered from a medical malpractice injury in Oklahoma, you might be wondering if you’re eligible to apply for lawsuit loans. This type of loan can provide you with the necessary funds to cover your living expenses and medical bills while you wait for your legal case to resolve.

There are a few primary eligibility criteria to consider when applying for lawsuit loans. The first criterion is having a valid legal claim against an insurance company, self-insured company, or large public entity. This means that you must be involved in an ongoing legal case related to your medical malpractice injury. The case could be due to negligence, lack of informed consent, or other unethical practices committed by healthcare professionals.

The second key criterion is representation by an attorney. You must have an attorney who is actively working on your case. The attorney will help you understand your rights and determine the strength of your claim. They will also be responsible for directing the litigation and discussing loan terms with LawsuitLoans.io

Last but not least, you must be at least 18 years old to apply. This requirement ensures that you are legally capable of entering into a contract.

To get more information about these criteria and others or to start your funding application process, visit LawsuitLoans.io funding application or call toll free (866) 594-1343.

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. How much you can get depends largely on the value of your case. Generally, we can advance up to a maximum of 25% of your expected portion of the settlement if your case is still in progress. For settled police brutality cases, we can offer 50% of your expected portion of the settlement.

Let’s take an example: Assume an Oklahoma plaintiff is pursuing a police brutality claim with a $200,000 estimated value. The client is still receiving treatment for their injuries, thus the case may not be resolved for another year.

As a general rule of thumb, medical providers receive around 1/3 of the settlement, and the attorney gets another third. Consequently, the plaintiff would receive around $65,000. In this scenario, we could potentially advance about 25% of that amount, which equates to $16,250.

How Can I Use the Money From my Medical Malpractice Loan?

When you secure a loan from a pre-settlement funding company like LawsuitLoans.io, it grants you the freedom to use your funds in different ways that best supports your life situation. With your medical malpractice lawsuit, these funds can be a lifesaver as they provide the means to keep your financial state stable.

Living Expenses

Often, plaintiffs may find themselves unable to work due to injuries or trauma caused by medical malpractice incidents. This can lead to trouble making ends meet. Luckily, the funds received from your lawsuit loan can be used to cover everyday expenses such as rent, utility bills, food, and your children’s educational costs.

Medical Expenses

Aside from basic living expenses, medical expenses are usually another major burden faced by plaintiffs in a medical malpractice suit. Medical treatments, therapies, and medications can be costly. Your pre-settlement funds from LawsuitLoans.io can assist you in covering these crucial costs while you await your case’s settlement.

One thing to note is that these funds cannot be used for litigation costs or other legal expenses tied to your case. The purpose of these loans is to offer relief from financial pressures at home and not for financing your lawsuit. For more information or to apply for a loan, visit LawsuitLoans.io funding application page or call toll free at (866) 594-1343.

Our Medical Malpractice Loan Process

If you’ve been a victim in a medical malpractice case and are waiting for your legal case to resolve, LawsuitLoans.io is here to help. We provide pre-settlement funding, known as lawsuit loans, to plaintiffs like you. It’s a simple, clear-cut process, designed with your best interests at heart.

Briefly, here are the five main steps that make up our lawsuit loan process:

1. Apply online: You start by filling out our application located at LawsuitLoans.io funding application. It’s quick and easy.
2. We contact your law firm: After your application is submitted, we get in touch with your law firm for more information about your claim.
3. We review your case: Next, our team reviews the details of your case closely. We carry out a thorough evaluation to determine if your case is eligible for a loan.
4. You sign a contract: If your case qualifies, we’ll draft a fair and transparent contract for you to sign. This agreement outlines all terms and conditions of the loan.
5. You get funds: Once the contract is signed, you’ll receive your funds quickly. These funds can help alleviate financial stress as you wait for your case to settle.

Let’s take John Doe as an example. John had an unfortunate incident at a local hospital that led to personal injury from a misdiagnosis. Anxious about mounting medical bills and his ongoing litigation, he reached out to LawsuitLoans.io. He found the application process straightforward, and soon after, his law firm was contacted. Upon reviewing John’s case, we found him eligible, a contract was signed, and he received his lawsuit loan. This truly eased out financial pressures for John, as he could now focus on his recovery and the successful resolution of his case.

At LawsuitLoans.io, we take pride in providing an efficient, transparent funding process to plaintiffs in need. Apply today and take the first step towards easing your financial burdens during your ongoing litigation.

Why Choose LawsuitLoans.io for Pre-settlement and Post-settlement Medical Malpractice Loans?

If you have an ongoing legal case, it’s crucial to find a reliable funding source. LawsuitLoans.io provides a solution that prioritizes your needs above everything else. Here’s why you should consider choosing us for your pre-settlement and post-settlement medical malpractice loans.

Our service offers low, simple rates starting at 2.5% per month. This affordable rate helps you better manage your finances while your case is pending. No hidden costs, no surprises – we keep things simple so that you can focus on what matters the most: your legal battle.

At LawsuitLoans.io, we understand that time is of the essence when dealing with a lawsuit. Hence, we provide fast approval, sometimes as soon as the same day you apply. This way, you get the funds you need without unnecessary delays.

We also offer capped repayment terms. This means the interest stops accruing after a certain date. It’s yet another step we take to ensure you get the fairest deal possible.

Lastly, we pride ourselves in our industry-leading transparency and client-first approach to pre-settlement funding. We believe in keeping our clients informed about every detail related to their funding. When you choose LawsuitLoans.io, you choose a partner committed to helping you navigate through this challenging time.

Most Common Personal Injury Claims we Fund in Oklahoma

At LawsuitLoans.io, we provide funds for various types of personal injury claims in Oklahoma. Some of the most common cases we fund include:

• Car accidents: These occur when drivers or passengers sustain injuries due to vehicular accidents on the road.
• Commercial vehicle accidents: These incidents typically involve accidents with commercial vehicles such as trucks and buses, often resulting in significant damage and severe injuries.
• Any other roadway accident: This broadly covers any type of accident that occurs on the road, regardless of the vehicles involved.
• Premises liability claims: If you’re injured on someone else’s property due to their negligence, you could be entitled to a premises liability claim.
• Medical malpractice: If you suffer an injury due to a healthcare professional’s negligence, this may qualify as medical malpractice.
• Work injuries: These happen at your place of work and can range from minor injuries to serious ones that may require lengthy recovery periods.
• Slip and fall claims: Injuries sustained from tripping or slipping on someone else’s property can be grounds for a slip and fall claim.
• Dog bite lawsuits: If you’re bitten or injured by a dog, you may be entitled to a dog bite lawsuit.
• Wrongful death claims: These claims are filed by the relatives of a deceased person who died due to the negligence of another individual or entity.
• Police misconduct: Incidents involving police brutality, false arrest, or other forms of misconduct fall under this category.
• Almost any personal injury claim: Aside from the above-mentioned cases, we provide funding for almost any type of personal injury claim in Oklahoma.

Oklahoma Medical Malpractice Pre-Settlement Funding FAQs

What is the most you can sue for medical malpractice?

In Oklahoma, lawmakers have set a limit on non-economic damages in medical malpractice cases. Non-economic damages cover pain and suffering, emotional distress and loss of enjoyment of life. This limit is $350,000, regardless of the number of defendants, action or causes.

Who gets the money in a medical malpractice lawsuit?

The money recovered from a medical malpractice lawsuit generally goes to the victim. It serves as compensation to help cover medical costs, lost wages, ongoing care expenses and other losses suffered due to the malpractice. On occasion, a part of the funds may go towards paying off legal fees.

Is pre-settlement funding worth it?

Pre-settlement funding can be an effective solution for plaintiffs who are unable to meet their financial obligations while waiting for their legal case to settle. It provides immediate funds that can be used to pay for living expenses, medical bills, legal fees, and other costs. It’s essential to understand that pre-settlement funding is not a loan, but rather an advance on the potential future sum that may be awarded from the lawsuit.

Does LawsuitLoans.io Directly Fund Cases in Oklahoma?

While LawsuitLoans.io operates as a direct funder in most states it services, we act as a broker and originate funding requests to a select group of partner funding companies in Oklahoma.