3 Ways to Fund a Medical Malpractice Lawsuit

by evaholmes247 on May 30, 2013

Medical malpractice can happen to anyone. Doctors are not infallible and often they make mistakes. When a doctor’s accident causes you harm then you have the right to be compensated. This requires that a medical malpractice lawsuit be filed. The problem with any lawsuit is that they take time to complete and cost money to file and pursue along the way. Here are three ways to fund a medical malpractice lawsuit.

1. Consider a lawsuit loan

Your first option is to take out a lawsuit loan. Many companies exist that offer this type of loan. You will have to prove to them that your suit has merit and that you have a good chance of winning the case. Be sure to research any lawsuit loan company thoroughly as they have different policies and procedures they adhere to. For example, some of them will only loan you money if you are at least 80 percent through the case. The nice thing about this type of loan is that in many cases you do not have to repay it if you do not win your case in court.

2. Find a good persona malpractice lawyer

A second option is to hire a good persona injury/malpractice lawyer. An attorney that represents personal injury cases usually works on a contingency basis.

This means that you do not have to pay them any fees until the case is settled. A good attorney will not charge you unless you win the case. Make sure you read through the fee agreement before signing it and know what you are getting in to. The fee you agree to will be a percentage of the final settlement and you will also be responsible for any costs involved with the case.

3. Last resort, take out a personal loan

The third option is to take out a personal loan. You can try a bank loan but they do not usually make loans for filing lawsuits. If you need to take this route, you should try a friend or family member. You can offer to pay them back on a sliding fee scale. If you win a certain amount of money then you pay them back the cost of the loan plus a portion of your settlement. You can also set this type of loan up so that you pay back the principle plus an agreed upon amount of interest. Even though you are going through a friend or family member you should write up a contract to protect both parties interest.

Following these tips will help you to find the funding you need. If you are successful then you can spend your time recovering and not stressing over how you are going to pay your bills. Depending on the type of medical malpractice you may be out of work for an indeterminate amount of time. You will heal quicker if you do not have to worry about financial matters. Just be sure to read all of the fine print in any contract and take a little time to research all of your options.

Author Bio :

Eva Holmes is a finance writer for the lawsuit funding provider AnyLawsuits.com & enjoys writing financial articles around business and personal finance. Visit AnyLawsuits.com today for the best lawsuit loans online.

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