Birth Injury Lawsuit Loans Help Plaintiffs
Birth injury lawsuits involve injury to a mother or newborn while under the care of a health professional or hospital. These can occur prior to giving birth, during the delivery process and also after the delivery has already occurred. Because some of these unfortunate injuries are the result of negligence, claims against the medical provider(s) are allowable under the law. Birth injury lawsuit loans help plaintiffs meet their financial obligations while their case/claim is pursued.
Birth Injuries in the United States
According to the CDC, approximately 7 out of 1,000 babies are born with birth injuries. While this may not seem like a large percentage (.007), birth injuries can be severe and permanent. Some common birth injuries include:
- Brain damage
- Bone fractures
- Cerebral Palsy
- Erb’s Palsy
- Spinal cord injuries
- and more. . .
The more severe the birth injury, the larger the impact on the family. This impact can be seen in large medical bills, inability to work because of the necessity of child care, as well as the need to learn new skills to apply that care.
Large financial obligations and the inability to work can lead to severe financial difficulties. Many families are forced to go into debt, lose their home or declare bankruptcy.
Birth Injury Lawsuits Attempt to Compensate
If a birth injury was a result of negligence (medical malpractice), birth injury lawsuits are available to the family as a remedy. It is only partial however, as the family is left to deal with the permanent consequences of the error(s). Birth injury lawsuits can only offer monetary compensation and money can only go so far mitigating the damage brought to the newborn and family.
Birth injuries can be catastrophic. If severe, injured children can face a lifetime of suffering and medical treatment. Immediate treatment is often necessary and without the means to pay, families are sometimes thrust into financial despair. Birth injury lawsuit loans can help.
What is a Birth Injury Lawsuit Loan?
A birth injury loan is a specialty finance transaction in which a lawsuit funding company, like Fair Rate Funding, advances money on a pending birth injury lawsuit or claim. The company gives you money now and in return, you pledge a portion of the future settlement if the case is successful.
Although referred to as ” lawsuit loans”, birth injury loans are not technically loans in the traditional sense. While traditional loans imply repayment at some point in the future, birth injury lawsuit loan repayment depends upon whether you win the case. The differences between loans and lawsuit loans are significant.
With a birth injury lawsuit loan, you sell a portion of the future proceeds of the case to the lawsuit funding company. If there are no proceeds, then what was bought expires worthless. The bottom line – you do not pay unless you win your case.
If You Have Any Questions, Call 888-964-2224
Lawsuit Loans are Non-Recourse
Since you sell a portion of the case, birth injury lawsuit loans are non-recourse. That is, the sole source of repayment MUST be the lawsuit proceeds themselves. Thus, no lawsuit funding company is able to pursue you personally for repayment.
Because of this, the only determining factor for lawsuit loan approval for birth injury cases is the merits of the lawsuit itself. No credit checks are necessary. No employment history is relevant. The fact that you are struggling financially will not impact your chances to secure the help you need.
How Birth Injury Lawsuit Loans Help Plaintiffs
Birth injury lawsuit loans help plaintiffs with financial support when they need it most. If bills are piling up while you wait for your birth injury lawsuit to settle, we can help.
If you’ve recently given birth and are caring for an infant with birth injuries, your employment plans will likely be altered. You probably will not return to work quickly. This might put some more financial strain on you. Add to this the cost to care for the child properly, and the time that must transpire before you receive compensation, you can see why birth injury lawsuit funding can be a solution for some.
Insurance companies generally want to settle with plaintiffs for as little money as possible. Many simply “low-ball” plaintiffs in an attempt to minimize their exposure. Many financially struggling plaintiffs accept these offers simply to satisfy their immediate needs. Birth injury lawsuit loans allow you to pay your expenses while you and your lawyer can take the time you need to negotiate just compensation for your baby’s injuries.
Apply with Fair Rate Funding Today
Applying for a lawsuit loan is easy. Simply call us at 888-964-2224 or complete our submission form. One of our lawsuit funding representatives will contact you shortly and discuss your funding options. With your permission, we will request some information and discus your situation with your lawyer.
Once approved, we will send you documents to review and execute. When returned, we process your advance and forward your funds via overnight courier or electronic bank transfer.
With any luck, you could have your advance in as little as 24 hours. With the financial stress relieved, you can get back to getting your life situation back on track and giving your child the care they need.
Please do not hesitate to call us with any questions. Thank you for your interest in lawsuit funding and considering us for your needs.