Texas Medical Malpractice Lawsuit Loans

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

A medical malpractice lawsuit loan, also known as pre-settlement funding, is a cash advance given to plaintiffs involved in medical malpractice cases. This cash advance helps the plaintiff to meet any financial needs while they wait for their legal case to resolve and possibly receive compensation in Texas.

Lawsuits often take time to settle. In the meantime, plaintiffs might face financial challenges due to medical bills, loss of income or other unforeseen expenses. A medical malpractice lawsuit loan acts as a safety net, ensuring they can comfortably finance their life without having to compromise on their case.

Let’s consider an example – a plaintiff in Texas who was a victim of medical malpractice and had to undergo additional medical procedures due to this negligence. The individual cannot work during recovery and has added medical bills while waiting for the legal heat to settle. To make ends meet, this individual can use their pre-settlement funding received from LawsuitLoans.io.

This pre-settlement funding does not require credit checks or employment verification. The loaned amount is based primarily on the strength of the case. It is also worth noting that the ‘loan’ is actually non-recourse funding. This means if the plaintiff doesn’t win their case or get a settlement, they don’t have to repay the advanced funds.

If you are facing a similar situation and need financial help while your medical malpractice case in Texas is in progress, apply today at LawsuitLoans.io funding application or call (866) 594-1343 to learn more.

Types of Medical Malpractice

Medical malpractice falls under the category of personal injury law. It arises when a medical professional fails to carry out their duties with the standard level of care, leading to a patient’s harm or injury. In such scenarios, the affected party has the right to file for a civil claim seeking compensation.

The baseline criteria for a medicinal malpractice lawsuit is proof of negligence. The patient, now acting as the plaintiff, must show evidence of harm that only occurred due to the medical professional’s failure to exhibit competent care. In simpler terms, if the injury would have happened even with the highest possible level of care, then there is no basis for a malpractice suit.

Below are some examples of medical malpractice:

Negligent Prenatal Care

In cases where pregnant women experience negligent prenatal care, this can result in harm to both the mother and the unborn child. Poor management of common pregnancy conditions, delay in diagnosing severe complications, or incorrectly interpreting ultrasound scans are just some examples of negligent prenatal care.

Surgical Errors

A surgical error refers to avoidable mistakes during surgery. This could involve operating on the wrong body part, leaving surgical instruments inside a patient or performing an unnecessary procedure. These errors can cause lengthy recovery times and sometimes long-term health issues.

Misdiagnosis or Delayed Diagnosis

A delayed diagnosis or complete misdiagnosis can lead to improper treatments, severe health complications, and sometimes even death. A patient could endure unnecessary suffering and financial burden from treatment that wasn’t required in the first place.

Should you be facing any of the above types of medical malpractice, legal recourse is available. Consider seeking lawsuit funding from LawsuitLoans.io. Call us on (866) 594-1343 or fill in our LawsuitLoans.io funding application for immediate assistance.

Texas Medical Malpractice Lawsuit Loan Information

If you are an individual in Texas dealing with a medical malpractice lawsuit, you might find yourself facing financial challenges. You’re likely bearing medical expenses, loss of income, and other costs. Not to worry, LawsuitLoans.io can provide you with a medical malpractice lawsuit loan to help you navigate this tough period. Here’s a quick glance at some key figures about our medical malpractice loans in Texas:

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

The question of eligibility for a medical malpractice lawsuit loan in Texas is an important one. The primary eligibility criteria are fairly straightforward, and they’re designed to ensure that lawsuit loans go to those who truly need and deserve them.

First, you must have a valid legal claim. This could be against an insurance company, a company that opts to self-insure, or a large public entity. Having a strong case is the cornerstone of eligibility because the loan is directly related to the potential settlement of that case.

Second, you must have an attorney. Lawsuit loans aren’t like traditional bank loans. They’re tied to your legal case, so you need to have legal representation in order to navigate the process properly and increase your chances of obtaining the loan.

Finally, you must be 18 years old. Adults have the legal capacity to enter into contracts, which makes them eligible for lawsuit loans.

To learn more about eligibility criteria and find out if you qualify for a loan ourselves, visit our website at LawsuitLoans.io or contact us directly at (866) 594-1343. We also invite you to submit an application directly on our website at LawsuitLoans.io funding application.

How Much Money Can I Get From my Medical Malpractice Lawsuit Loan?

Medical malpractice lawsuit loans from LawsuitLoans.io can range from $500 – $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 consider an example. Suppose a Texas plaintiff is pursuing a police brutality claim with a $200,000 estimated value. The client is still treating for their injuries and the case may take another year to resolve. As a general rule of thumb, medical providers get paid around 1/3 of the settlement, the attorney gets another 1/3 of the settlement, and as a result, the plaintiff would receive around $65,000. In this case, we can advance around 25% of that amount or approximately $16,250.

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

When you secure a loan from LawsuitLoans.io, it gives you the financial freedom to use the funds as best fits your needs. A common question asked by many plaintiffs is – how can I use my medical malpractice loan? It’s quite simple.

You might find immense relief knowing that the money can be used to cover your daily living expenses. These include housing rent or mortgage payments, utility bills, and groceries. This loan allows you to maintain some normalcy in your life, relieving stress while you wait for your case to reach its final resolution.

Further, the funds from a medical malpractice loan can play a crucial role in managing your medical expenses. Keeping up with costs related to doctor visits, therapy sessions, medications, surgical procedures, or even mental health support is possible with your loan.

The only caveat here is that the funds received from the loan cannot be used directly to fund any litigation or legal case expenses. Do note that it’s essential to use the funds responsibly, ensuring your well-being is taken care of during this challenging phase of your life.

Our Medical Malpractice Loan Process

At LawsuitLoans.io, we aim to offer a straightforward process for lawsuit loans. Our goal is to support plaintiffs requiring funds during lengthy legal battles, particularly medical malpractice cases. The steps you need to follow are simple:

1. Apply online: Start by submitting your application on our website: LawsuitLoans.io funding application.
2. We contact your law firm: Once we receive your application, we’ll reach out to your attorney to learn more about your case.
3. We review your case: We assess the details of your case to understand its strength and value better.
4. You sign a contract: If we approve your loan, we’ll send you a contract to sign and return to us.
5. You get funds: After we get the signed contract, you will receive your funds quickly.

Let’s consider an example. John, who suffered an injury due to a doctor’s negligence, files a legal suit against the medical facility. He realizes soon that lawsuits can take longer than expected and decides to apply for a lawsuit loan at LawsuitLoans.io to keep up with his living expenses.

Following our streamlined process, he submits an online application. We then connect with John’s law firm to gather information about his case. After reviewing the details of his case, we find it viable and decide to fund him while his legal battle continues.

Next, we send John a contract which he signs and returns promptly. Once we receive the contract, we disburse the approved lawsuit loan amount to John. This allows him to meet his daily expenses while waiting for the lawsuit to resolve.

This process is simple and efficient, providing plaintiffs like John with financial security as they pursue their rightful legal claims.

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

There are many reasons why plaintiffs with land on LawsuitLoans.io when it comes to pre-settlement and post-settlement medical malpractice loans. What makes LawsuitLoans.io stand out is our attractive rates that begin as low as 2.5% per month. We make it a point to keep things simple and transparent.

We understand that when you’re dealing with a lawsuit, each day can feel like a struggle. That’s why we ensure quick approval times, often within the same day of application. There’s no need to wait anxiously for weeks or months when you choose LawsuitLoans.io.

Our repayment terms also differ from most in the industry. At LawsuitLoans.io, we’ve capped our repayment terms. So rest assured, once a certain date hits, the interest stops accruing. This means you’re not stuck paying progressively more over extended periods of time.

At LawsuitLoans.io, it’s not just about providing financial support. It’s about a unique, client-first approach. We aim to ease the financial strain that accompanies legal battles. We’re known for our transparency and commitment to helping clients make informed decisions about pre-settlement funding. When you choose LawsuitLoans.io, you’re choosing a partner that truly cares.

Most Common Personal Injury Claims we Fund in Texas

At LawsuitLoans.io, we fund a variety of personal injury claims in Texas. We understand that every case is unique and we strive to provide the financial support you need while your case is being resolved. Here are some of most common types of cases we fund:

• Car Accidents – Involves cases where individuals are injured or property is damaged due to a vehicular accident.
• Commercial Vehicle Accidents – This includes accidents involving commercial trucks, vans, and other large vehicles.
• Other Roadway Accidents – These include accidents involving motorcycles, bicycles, pedestrians, and other roadway incidents.
• Premises Liability Claims – Cases that involve an injury occurring on another’s property due to the property owner’s negligence.
• Medical Malpractice – Claims made when a healthcare provider’s negligence causes injury or harm to a patient.
• Work Injuries – These include injuries that occur in the workplace, potentially due to unsafe working conditions.
• Slip and Fall Claims – Involves claims where a person slips, trips, or falls on someone else’s property.
• Dog Bite Lawsuits – Claims made against dog owners when their dogs cause injury or damage.
• Wrongful Death Claims – These claims are made when a death is caused by the negligence or misconduct of another.
• Police Misconduct – Allegations against law enforcement officials causing harm or death due to inappropriate or excessive force.

And almost any personal injury claim. We are here to aid you with financial support while you wait for your settlement.

Texas Medical Malpractice Pre-Settlement Funding FAQs

For Texas residents with medical malpractice lawsuits, you might have a few questions. Here, we try to answer them for you.

What is the most you can sue for medical malpractice?

In Texas, there is a cap on non-economic damages in medical malpractice lawsuits. This means, you can’t ask for more than $250,000 per defendant for these kinds of damages. If there are multiple defendants, there’s an overall limit of $500,000. For economic damages, such as lost wages or medical expenses, there’s no cap.

Who gets the money in a medical malpractice lawsuit?

If your lawsuit is successful, you become the recipient of the compensatory damages awarded. These aim to return you to the financial state you were in before the malpractice occurred. They cover things like medical bills and loss of income. Non-economic damages compensate for pain and suffering, and punitive damages punish the defendant.

Is pre-settlement funding worth it?

Pre-settlement funding can be an important lifeline if you’re waiting for a lawsuit to resolve. It gives you access to funds you may need to cover living expenses or medical costs while you wait for your case to finish. Remember though, pre-settlement funding is not a loan, but an investment in your lawsuit outcome by LawsuitLoans.io. If your case loses, you owe nothing.