Medical Malpractice Lawsuit Funding Company Assisting Plaintiffs to Obtain Financial Relief During an Ongoing Case
When you trusted a healthcare professional’s best judgment and found yourself dealing with an injury or illness due to a medical error, you may find yourself at the beginning of a long, drawn out battle before getting the chance of receiving your first settlement check. Medical malpractice cases are well-known for being complex, lengthy and very costly at times. This is when you may want to consider learning about Universal Funds and our medical malpractice settlement funding option.
What Is Settlement Funding in a Medical Malpractice Case?
Lawsuit settlement funding is a financial tool that allows you to receive a portion of your final lawsuit settlement quickly. Medical malpractice cases can easily extend beyond the 1-year mark depending on your state. When you cannot afford to wait, a pre-settlement funding agreement can be a feasible solution for you, since there is no repayment obligation should you lose your case.
Another option is called post-settlement funding, and it is meant for those medical malpractice plaintiffs whose case has already been settled in their favor, but they may not have received their settlement payment yet. You may apply for post-settlement funding and access your money in just a few business days and take care of your financial burdens right away.
What Kind of Medical Malpractice Cases Are Eligible for Lawsuit Funding?
Medical malpractice cases encompass a variety of errors and complications caused by medical errors. Those may include surgical errors, misdiagnosing or even failing to diagnose a patient, failure to treat the patient in a timely manner, or failure to properly warn the patient about potential complications and side effects of a drug or procedure.
Universal Funds will consider a wide variety of medical malpractice cases that fulfill three simple eligibility requirements. First, you must have an ongoing medical malpractice lawsuit or must have a lawsuit that has already been settled (but the entire settlement amount has not been paid to you yet). Second, you must be working with an attorney who is overseeing your case. We will analyze the details of your lawsuit and determine if we are able to offer an advance on your settlement.
Do I Have to Use My Personal Assets as a Guarantee for Settlement Funding?
One of the main advantages of settlement funding is that your settlement funding provider will solely look at your case and the details of your lawsuit in order to determine eligibility. The strength of your case, the likelihood that it will settle in your favor, and the estimated total amount you may receive are some of the deciding factors to approve or decline a settlement funding application.
This means that you do not need to get your personal finances involved. There is zero risk to you as your assets and income are not used as collateral. You won’t need to submit to a credit check, there is no proof of income required, and no need to worry about a less than stellar credit score. If you have a strong case that we find may be eligible for settlement funding, you may receive an offer for us. If you don’t win your case, you keep all of your money — no repayment needed.
How Much Money May I Be Able to Receive if I Am Approved?
Medical malpractice cases are complicated, and there are several factors that determine your final settlement amount. We will work with your attorney to estimate the value of your case, and from there, we may offer you a cash advance corresponding to a percentage of your total case value.
We know you may be going through a tough spot financially, and you may be eager to learn how much money we may be able to provide you. The best way to get a more accurate estimate is to reach out to Universal Funds and complete an application. If your case is eligible, we will send you an offer with your exact cash advance amount as well as other important information. Contact our team through our website or by calling (484) 341-7106. We look forward to helping you!