Tennessee Medical Malpractice Lawsuit Loans
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What is a Medical Malpractice Lawsuit Loan and How Does it Work in Tennessee
A medical malpractice lawsuit loan is a type of financial aid provided to plaintiffs who are involved in medical malpractice lawsuits. It functions as an advance on the expected settlement of the plaintiff’s case. This type of pre-settlement funding is beneficial when patients who have suffered due to medical negligence need financial assistance to cover their living costs and medical bills while waiting for a legal resolution.
In the state of Tennessee, the procedure for obtaining a medical malpractice lawsuit loan involves a simple process. After filing your lawsuit, you can approach a pre-settlement funding company like LawsuitLoans.io. They will evaluate your case details with the help of a legal expert to determine the likely outcome of the lawsuit and the expected settlement amount. If approved, the funds can be received swiftly without necessarily impacting your credit score or requiring an income check.
Consider this example: Emily, a 35-year-old woman from Nashville, recently underwent a surgical procedure which unfortunately resulted in severe complications due to her surgeon’s negligence. While her attorney predicts a positive outcome for her lawsuit, the legal proceedings may take time. Emily cannot work due to her health conditions, and she is burdened with mounting medical bills. In such a scenario, Emily might consider applying for a medical malpractice lawsuit loan for the needed financial support up until the resolution of her case.
By using her LawsuitLoans.io funding application, Emily can access the finance she needs quickly and easily. Consequently, she is able to focus on recovering physically and emotionally without the stress of pending bills hanging over her head.
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 refers to any instance where a healthcare professional, such as a doctor or nurse, causes injury or harm to a patient due to negligence or by not meeting the expected standard of care. In such situations, the affected individual, referred to as the plaintiff, might have a civil claim against the medical professional.
There are various types of medical malpractice. These commonly include misdiagnosis, surgical errors, and medical negligence. Below, we delve into these examples further.
A misdiagnosis occurs when a medical professional wrongly diagnoses an illness or fails to diagnose a condition that should have been identified. This can lead to incorrect treatment or delayed care, resulting in unnecessary harm or injury to the patient.
Surgical errors are mistakes that happen during surgery. They can range from operating on the wrong site or even the wrong patient to forgetting surgical instruments inside the patient. Such errors can lead to significant complications and damage.
Medical negligence involves a lack of proper care or attention from medical professionals. This can include failure to monitor a patient’s condition, prescribing wrong medicines or doses, or not providing adequate post-operative care. The consequences of such negligence can be severe and sometimes life-threatening.
If you believe you have been a victim of medical malpractice, it’s important to consult a legal expert, and you might also qualify for a lawsuit loan to help cover your expenses while your case is being resolved.
Get up to $500,000 with rates as low as 2.5% simple, monthly
Tennessee Medical Malpractice Lawsuit Loan Information
In the state of Tennessee, LawsuitLoans.io is a trusted provider of pre-settlement funding for medical malpractice lawsuits. We support injured parties during their legal journey by offering non-recourse loans that help cover living and medical expenses. Our lending details and the Tennessee-specific information pertaining to medical malpractice claims are highlighted below.
|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%|
|Tennessee Medical Malpractice Reports 2022||471|
|Tennessee medical malpractice statute of limitations||1 year from discovery, but not more than 3 years from the act or omission, with certain exceptions.|
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 Tennessee?
Many people often wonder if they qualify for a medical malpractice lawsuit loan in Tennessee. The process is fairly simple and straightforward. Here are the primary factors that typically determine your eligibility:
- Having a valid legal claim: You must have a personal injury claim or lawsuit against an insurance company, a self-insured company, or a large public entity. This indicates that you have suffered damages due to someone else’s negligence, which might be compensable.
- Legal representation: You must be represented by an attorney. This ensures that your case is professionally handled which increases the chance of winning your claim.
- Age requirement: You must be at least 18 years old to apply for a lawsuit loan. This is a standard legal requirement for entering into any kind of financial agreement.
These are the core requirements to qualify for a medical malpractice lawsuit loan in Tennessee. However, each case is unique and other factors might also come into play. So, it’s always best to reach out to a trusted lawsuit loan service like LawsuitLoans.io for a detailed evaluation of your situation.
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. For settled police brutality cases, we can offer 50% of your expected portion of the settlement.
Let’s illustrate this with an example. Let’s say a plaintiff in Tennessee is pursuing a police brutality claim with a $200,000 estimated value. The client is still receiving treatment for their injuries and the case may take another year to resolve. Generally, medical providers get paid around 1/3 of the settlement, the attorney gets another 1/3 portion of the settlement. This leaves the plaintiff with around $65,000. In such a case, we can advance around 25% of that amount or $16,250.
How Can I Use the Money From my Medical Malpractice Loan?
If an unfortunate incident led you to file for a medical malpractice case, dealing with the legal process while maintaining your personal life can be stressful. Through LawsuitLoans.io, you can receive a loan to ease the financial burden during this difficult period. But what exactly can this loan be used for? And is there anything it cannot cover?
Once you secure a loan from LawsuitLoans.io, you have the freedom to use the funds to meet your living expenses. This can include everything from your monthly bills, rent or mortgage payments, car payments, groceries, and other necessary costs of living.
In addition, your loan can also cover your ongoing medical requirements. If your medical malpractice incident results in follow-up visits, medications, rehabilitation, therapy, or any other trauma-related needs, the funds from your loan can provide support.
However, it’s important to note that there is one portion of your life that the LawsuitLoans.io loan does not cover: litigation or legal case expenses. This includes fees like those associated with hiring a lawyer, court fees, or any other expense originating directly from the legal case itself. Your loan is specifically intended to help manage your personal and medical expenses as you go through your case, not to fund the legal process itself.
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
Lawsuit loans offer a practical solution for plaintiffs who need funds while their legal case is being resolved. LawsuitLoans.io simplifies this process, ensuring a straightforward and stress-free experience. Our process comprises five main steps:
- Apply online: Simply visit our application page and fill out the form with your details.
- We contact your law firm: After receiving your application, we reach out to your law firm to discuss your case specifics.
- We review your case: Based on the insights gained from your law firm, we meticulously analyze and assess your case strength.
- You sign a contract: Upon approval, we present a funding agreement for you to sign. This contract outlines the terms of the lawsuit loan.
- You get funds: After the contract is signed and returned, we quickly disburse the approved funds to your account.
Let’s illustrate this process using an example of a plaintiff with a personal injury claim. Let’s say, Mr. Smith was injured in a car accident caused by another driver’s negligence. Facing mounting medical bills and a loss of income due to his inability to work, Mr. Smith applies for a lawsuit loan through our website. After application submission, we contact his law firm and begin reviewing his case. Once satisfied with the case merits, we send an agreement to Mr. Smith outlining the loan terms. After Mr. Smith signs and returns the contract, we then swiftly deposit the agreed funds into his designated account, providing financial relief as he awaits the resolution of his claim.
Why Choose LawsuitLoans.io for Pre-settlement and Post-settlement Medical Malpractice Loans
When seeking pre-settlement or post-settlement funding for a medical malpractice claim, there are several reasons why to choose LawsuitLoans.io. We pride ourselves on our low, simple rates that begin at only 2.5% per month. As a leading provider, we understand how important it is to get the financial support you need quickly. That’s why we offer fast approval in some cases as soon as the same day.
In addition to our competitive rates and rapid approval process, we also ensure that repayment terms are reasonable and capped. This means interest stops accruing after a certain date, avoiding any unexpected financial surprises down the line.
LawsuitLoans.io is perhaps most recognized for our industry leading transparency and client-first approach. We believe that pre-settlement funding should be as clear and straightforward as possible, which is why we always place our clients’ needs at the forefront of everything we do.
Get up to $500,000 with rates as low as 2.5% simple, monthly
Most Common Personal Injury Claims we Fund in Tennessee
At LawsuitLoans.io, we fund a wide range of personal injury claim types. In Tennessee, here are the most common ones:
- Car Accidents: These include collisions between cars, with pedestrians or property. We help victims by funding their legal claims as they recover.
- Commercial Vehicle Accidents: These involve commercial vehicles like trucks and vans. If you’re involved in such an accident, we can support your case financially.
- Roadway Accidents: Any kind of accidents that occur on roadways. This includes car accidents, motorcycle accidents, pedestrian accidents, and more. Our funding can assist during legal proceedings.
- Premises Liability Claims: These cover any injury caused by unsafe conditions on someone else’s property. We provide necessary funds to victims while awaiting settlement.
- Medical Malpractice: Cases where healthcare providers commit negligence causing injury or harm. We provide funding to pursue these complex cases.
- Work Injuries: Inflicted at the workplace due to a variety of reasons. LawsuitLoans.io offers financial support for these legal claims.
- Slip and Fall Claims: Resulting from slipping, tripping, or falling due to hazardous conditions. We can help finance your lawsuit until you get the settlement.
- Dog Bite Lawsuits: Cases where a dog causes injury or harm. LawsuitLoans.io supports victims through necessary funding until the case gets resolved.
- Wrongful Death Claims: Suits filed when a person’s negligence causes the death of another. We help the victim’s family by providing funds for their legal fight.
- Police Misconduct: Cases related to abuse of power by the police. Our funding can bring you financial relief in such legal battles.
- Almost Any Personal Injury Claim: Regardless of the nature of your personal injury claim, if it has substantial grounds, we’re ready to help fund it.
Tennessee Medical Malpractice Pre-Settlement Funding FAQs
Understanding medical malpractice lawsuit funding can be complex, especially when navigating the legal landscape in Tennessee. The following are some frequently asked questions about this kind of lawsuit and lawsuit loans.
What is the most you can sue for medical malpractice?
In Tennessee, there’s a cap on the damages you can seek in a medical malpractice case. Non-economic damages, which include pain and suffering, are limited to $750,000. In severe cases, this cap may increase to $1,000,000. There’s no cap, however, on economic damages like medical bills and lost wages.
Who gets the money in a medical malpractice lawsuit?
The compensation received from a medical malpractice lawsuit generally goes to the plaintiff or their family. It is designed to help with healthcare costs, lost wages, and other expenses related to the injury or wrongful death. However, if a funding company like LawsuitLoans.io provided pre-settlement funds, they will be reimbursed from the settlement before the remainder goes to the plaintiff.
Is pre-settlement funding worth it?
Pre-settlement funding can be a valuable resource for those waiting for their lawsuits to resolve, particularly in lengthy medical negligence cases. This type of funding provides a lifeline to plaintiffs to manage living expenses and medical costs during the litigation process. Remember to make an informed decision by considering all factors and discussing it with your lawyer. For more information or to apply for funding, visit the LawsuitLoans.io funding application.
Apply today and get funds as soon as the same day you apply!
Does LawsuitLoans.io Directly Fund Cases in Tennessee?
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 Tennessee.