Birth injuries can be utterly life-changing and devastating physically, emotionally, and financially, for the parent(s), and they can leave infants with major injuries and lifelong disabilities. If your child was harmed due to injuries sustained during childbirth, you may qualify to receive financial compensation from the healthcare institution where the child was delivered.
Birth injury lawsuits tend to be complex and require the help of a skilled and experienced attorney. Even with the best lawyers, the case can take several months or years to resolve, leaving you to struggle with finances until you get the compensation you need to take care of your child. This is where birth injury lawsuit loans from Silver Dollar Financial can help you stay afloat.
What Are Birth Injury Lawsuit Loans?
Lawsuits of all types often require giant stacks of paperwork, dozens of meetings with lawyers and specialists, and miscellaneous other tasks on your to-do list. As a result, it can take months or years for a case to either result in a settlement or be taken to a courtroom. When cases are drawn out, plaintiffs often begin to run short on money and resources. This often forces plaintiffs to agree to a smaller settlement earlier on, so that they can begin to make ends meet once again.
A birth injury lawsuit loan is a cash advance that can help you pay your bills and get the medical care your child needs while you wait to receive your compensation from the birth injury case. The lawsuit loan company will take a look at your case and determine how much compensation you are likely to receive. They can then offer you a dollar amount, typically between 10-20% of what they believe you will be compensated for, in cash that you are free to use much more quickly than waiting around for your lawsuit money.
How do Lawsuit Loans Differ from Regular Loans?
Regular loans, such as those used for education, mortgages, or other large purchases, typically come with a higher interest rate and stipulations about how you can spend the money from the loan. Student loans, for example, can only be used for education-related expenses, such as tuition, textbooks, and school supplies.
Lawsuit loans, on the other hand, typically come with a much lower interest rate and no stipulations about how you can spend the money. If you need to use it to pay for the medical costs associated with your child’s birth injuries, you can. If you need to purchase medical equipment or pay for mental health care for yourself, you can. Even if you simply need to put food on the table and keep the lights on, you can use your lawsuit loan funds for that too.
Lawsuit loans are also much simpler to obtain, and you can receive the money in as little as a few days. Reputable lawsuit loan institutions often allow prospective clients to fill out an online form, await approval, and receive the money shortly after. Regular loans often require several meetings and background checks, and it can take far longer to get the money you need. With lawsuit loans, your credit score is not even a factor.
Who Qualifies for Birth Injury Lawsuit Loans?
Birth injury lawsuit loans are available for people who meet certain criteria and qualifications, such as:
Those Already Working with a Lawyer
Birth injury cases that already have a lawyer involved are much more likely to be eligible for birth injury lawsuit loans, as lawsuit loan companies work with the lawyers on the case to determine the severity and potential compensation amounts. It’s imperative that you have a lawyer on your side that is already familiar with your case and has a vested interest in winning on your behalf.
Additionally, contingencies can help you secure a lawsuit loan more easily. When lawyers agree to represent a plaintiff without being paid upfront, it signals that the plaintiff has a very strong case against the defendant.
There is Evidence of Physical Injuries
Although birth injuries are traumatic for the infant and the rest of the family, evidence of physical injuries caused by healthcare providers during delivery is needed to secure a lawsuit loan in most cases. Physical injuries can range from mild to severe, but there must be proof of physical trauma.
The Healthcare Institution must be Completely at Fault
Birth injuries can occur for a variety of reasons, including natural causes, such as premature birth or the positioning of the baby in the birth canal. When it comes to birth injury lawsuit loans, however, the cause of the injury must be due to the actions of the healthcare provider alone.
What If I Don’t End Up Getting Any Compensation?
It can feel incredibly risky to take out a loan on money that you aren’t even guaranteed to obtain. If your case goes to the courtroom, there is no way to ensure that a judge or jury will rule in your favor, and there is also no way to guarantee that you will get a settlement out of court. Fortunately, a lawsuit loan from a reputable financial institution will only have to be paid back if you are indeed granted a settlement.
Birth injury lawsuits are incredibly stressful for all involved, but you at least won’t have to worry about paying back a loan unless you receive compensation yourself.
Connect with Silver Dollar Financial Today
Silver Dollar Financial can provide you with a lawsuit loan to help you cover the various costs associated with birth injuries. We understand how difficult birth injuries are for families, which is why our staff will do everything we can to guide you through the process in a genuine and professional manner. To connect with one of our dedicated staff members, please contact us today!