Michigan Medical Malpractice Lawsuit Loans
- Get Cash as Soon as the Same Business Day
- Rates as Low as 2.5% Simple, Monthly
- Repay $0 if You Lose Your Case
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Michigan Medical Malpractice Lawsuit Loan Information
In Michigan, those seeking a lawsuit loan for a medical malpractice case can turn to LawsuitLoans.io. We offer pre-settlement funding to plaintiffs waiting for their legal cases to resolve. The facts given below provide an overview of medical malpractice loans by LawsuitLoans.io in this state.
| LawsuitLoans.io’s average medical malpractice loan | $25,697.79 |
|---|---|
| Largest medical malpractice loan by LawsuitLoans.io | $137,471.03 |
| LawsuitLoans.io average semi-annual rate for medical malpractice lawsuit loans | 18.4% |
| Michigan Reports 2022′ | 904 |
| Michigan medical malpractice statute of limitations | 2 years from the act or omission or 6 months from discovery, but not more than 6 years from the date of the act or omission (with some exceptions). |
How Lawsuit Loans Work
Here’s how the lawsuit loan process works in three easy steps. The entire process can be completed within 24 hours with your attorney’s help.
Apply Online or Call Toll-Free
Apply online or call us toll-free at (866) 594-1343. Submitting your application takes minutes.
We Review Your Case
Next, we contact your law firm and collect basic information to review your case. Review only takes a few hours.
You Receive Funds
You and your attorney review and sign our funding contract. Once complete, you can have funds within hours.
Am I Eligible For a Medical Malpractice Lawsuit Loan in Michigan?
If you are involved in a medical malpractice case in Michigan, you might be wondering if you are eligible to receive a lawsuit loan. The eligibility criteria for such loans are quite straightforward.
First and foremost, you need to have a valid legal claim. This typically means you are taking action against an insurance company, a self-insured company, or a large public entity due to medical negligence that has resulted in personal harm.
The second important requirement is legal representation. To qualify for a loan from LawsuitLoans.io, you must have an attorney actively working on your lawsuit. This ensures that your legal case is considered genuine and has grounds for success.
Finally, you need to be at least 18 years old. As per laws virtually everywhere, including Michigan, you cannot sign a contract if you’re underage. Since the loan agreement is a form of contract, you must be legally capable of entering into such a contract.
So, if you meet these basic criteria and are enduring the stress and financial strain of a medical malpractice claim in Michigan, it’s likely you may be eligible for a lawsuit loan from LawsuitLoans.io.
Get an Instant Quote
Input your requested funding amount and the time your case may take to settle here to see your potential savings and costs when you choose LawsuitLoans.io. While we sometimes offer rates as low as 2.5%, our calculator assumes a simple, non-compounding monthly rate of 3.3%. This calculator is for illustrative purposes only. Actual terms may differ. Please contact us for an instant, written quote for your request.
Advance Amount:
Months Until Settlement:
$2,900
Total Cost
Pay $2,900 on a lawsuit loan of $10,000 if your case settles within 6 months of your advance.
$1,697
Your Savings
Save $1,428 compared to competitors on a lawsuit loan of $10,000 if your case settles within 6 months of your advance.
33%
Percent Savings
Save 33% on a lawsuit loan of $10,000 if your case settles within 6 months of your advance.
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 provide financial support to a maximum of 25% of your expected share of the settlement if your case is yet to be resolved. For settled police brutality cases, we can offer up to 50% of your expected portion of the settlement.
Let’s consider an example where a plaintiff from Michigan is pursuing a police brutality claim with an estimated value of $200,000. The individual is still undergoing treatment for their injuries and the legal proceedings may continue for another year.
Generally, medical service providers receive about 1/3 of the settlement amount. The attorney will also receive around 1/3 of the settlement. This leaves the plaintiff with approximately $65,000. At LawsuitLoans.io, we can advance about 25% of that projected amount, which equates to roughly $16,250.
Get up to $500,000 With Rates as Low as 2.5% Simple, Monthly
How Can I Use the Money From my Medical Malpractice Loan?
If you’re the plaintiff in a medical malpractice case and you’ve taken a loan from LawsuitLoans.io, you might be wondering how you can use your funds. The good news is, there are very few restrictions on how you can spend this money.
Your medical malpractice loan could give you the flexibility to meet your daily needs and ensure your well-being during tough times. You could use the funds to cover living expenses such as bills, rent, groceries, and utilities.
Similarly, you could use the funding to cover medical costs that aren’t covered by your insurance. For example, you might need special equipment, physical therapy, or expensive prescription medication. Your loan could help cover these essential healthcare costs.
There’s only one restriction you need to abide by; the funds you receive from your loan shouldn’t be used for litigation or legal case costs. Other than that, how you spend your loan is entirely up to you.
Get Started
Apply today and get funds in as little as 24 hours!
Why Choose LawsuitLoans.io for Pre-settlement and Post-settlement Medical Malpractice Loans
If you are a plaintiff with a personal injury or other legal claim, there is a lot of uncertainty that comes with waiting for your case to resolve. This can be particularly true if you are in need of financial assistance. Fortunately, there is a solution: LawsuitLoans.io. We are a pre-settlement funding company that provides funds to plaintiffs while they wait for their cases to be resolved.
At LawsuitLoans.io, we understand the unique challenges you are facing. That’s why we offer a number of standout features that sets us apart from the competition:
- Low, Simple Rates: Our rates start at a simple 2.5% per month. So, you know exactly what you’re paying.
- Fast Approval: No need to wait days or weeks for approval. With us, you could be approved as soon as the same day.
- Capped Repayment Terms: Unlike some other lenders, our interest stops accruing after a certain date. This means you won’t be hit with shockingly high repayment terms.
- Transparency and Client-first Approach: We are committed to having a transparent and client-first approach to pre-settlement funding. We believe in keeping clients informed and placing their needs first.
Choose LawsuitLoans.io for your pre-settlement and post-settlement medical malpractice loans. Let us lend a hand while you focus on winning your case.
Most Common Personal Injury Claims we Fund in Michigan
At LawsuitLoans.io, we are committed to providing pre-settlement funds to plaintiffs with a variety of legal claims. In Michigan, here are some of the most common personal injury claims we fund:
- Car accidents: These include any accidents involving cars that result in bodily harm or property damage.
- Commercial vehicle accidents: Crashes involving business-owned vehicles fall under this category.
- Other roadway accidents: This catches any other forms of road mishaps which do not involve automobiles or commercial vehicles.
- Premises liability claims: We cover claims where an injury occurred on someone else’s property due to negligence or unsafe conditions.
- Medical malpractice: These are cases where a healthcare provider fails to meet the accepted standards of practice, leading to patient harm.
- Work injuries: We provide loans for claims related to injuries sustained at work or while performing job-related duties.
- Slip and fall claims: If you were injured because of slipping or tripping on another person’s or business’s property, then your claim falls under this category.
- Dog bite lawsuits: Cases involving injury from domestic animals, particularly dog bites, are common claims we fund.
- Wrongful death claims: These cover instances where a person’s failing or negligence caused the death of another.
- Police misconduct: Claims alleging mistreatment by law enforcement officers are also included in our funding scope.
Most importantly, we fund almost any personal injury claim. The goal is to lighten your financial burden while you wait for your legal case to resolve.
Get $500 – $500,000 in as Little as a Single Business Day!
We understand that if you’re applying for funding with us, you needed the funding yesterday. With your attorney’s cooperation, we can provide funding as soon as the same business day.
Cities we Service in Michigan
LawsuitLoans.io provides funding throughout Michigan. See more about our funding in Michigan by visiting the city pages below:
Other Cases we Fund in Michigan
LawsuitLoans.io provides funding for various personal injury and roadway accident cases in Michigan. Read more about the personal injury cases we fund in Michigan here:
- Personal Injury Loans
- Police Misconduct Lawsuit Loans
- Slip and Fall Lawsuit Loans
- Premises Liability Loans
- Dog Bite Lawsuit Loans
- Wrongful Death Loans
Read more about the roadway accident claims we fund in Michigan here: