If you’re taking legal action on behalf of a loved one who was abused in their long-term care facility, you already know you have a long battle ahead of you. You’ll likely be balancing helping your elderly family member recover, handling your regular bills and expenses, and building a strong claim against the facility or a negligent employee. Your family may find themselves in a pinch financially because of the time it can take to settle complex litigation matters involving nursing homes. If that’s the case, you can apply for nursing home abuse lawsuit funding from Preferred Capital Funding.
Placing a loved one in a nursing home is a difficult and expensive decision. On average, a semi-private room costs nearly $7,000 a month. Private rooms can go for over $8,000 a month. For some families, it’s the best option to ensure their family member receives the care they need to live a high-quality life. With a price tag like that, nursing home residents should only receive the best care possible. Unfortunately, negligent nursing home facilities and their staff members neglect and abuse residents.
If your loved one has suffered while at a long-term care facility, filing a personal injury claim may be the only way to hold the nursing home accountable for their negligence. The expenses related to nursing home abuse can be extensive, which can make it difficult for a family to work toward recovery. Applying for pre-settlement funding could make the process easier.
Injuries and Expenses Related to Nursing Home Abuse
It can be difficult to recognize the signs of nursing home abuse, but you should always be on the lookout for unexplained injuries or signs of neglect. Some of the most common include:
- Bed or pressure sores
- Severe infections
- Bruises, cuts, or welts
- Broken bones
Staff members are more likely to abuse residents when they are overworked, fatigued, and easily angered. Residents may be leery of coming forward when they’re being abused for fear of the situation getting worse.
Neglect can be intentional or unintentional. If a nursing home resident is being intentionally neglected, they may be isolated and kept away from other residents, discouraged from talking to their families, or they may not have access to basic necessities like food, water, clean clothing, and hygiene products.
Unintentional neglect, which is just as reprehensible as intentional, generally occurs when a facility is understaffed. A negligent nursing home may choose to save money by hiring as few staff members as possible. When that happens, there may not be enough employees to meet the physical, mental, social, or medical needs of the residents.
If you’ve discovered your family member has been abused in their nursing home, you’ll undoubtedly want to remove them from that place as quickly as possible. First, a trip to the hospital is likely. If their injuries are severe, especially if infection or severe trauma is involved, they could need to stay in the hospital for a significant amount of time. While they’re treated, medical expenses are bound to start piling up.
Once they’re healthy enough to leave, you’ll need to decide if you want to find a way to care for them at home or have them move into a new facility. Regardless of which option you choose, there will be associated costs. If you’re trying to figure all that out while also working on a nursing home abuse claim and are starting to struggle with money, applying for pre-settlement funding can help.
What Happens After You’ve Been Approved for Lawsuit Funding?
After you’ve discussed the matter with the law firm you’re working with and have submitted your pre-settlement funding application, you could have your funds in as little as 24 hours. Once you have the money, you can use it however you need. You may want to pay off hospital bills and other medical expenses, in addition to finding a new safe and reliable nursing home for your loved one. If you’ve decided to care for your loved one in your own home, you could potentially use the money to establish a system to make that work.
We do not set any restrictions on how you can use the money, so you can take care of your family’s needs without limitations. And, you won’t have to worry about paying our funding company back until your personal injury claim has settled.
Preferred Capital Funding Is Here for You
We understand that it can be difficult to cope with the expenses related to a personal injury claim in addition to the costs of everyday life. You may be hesitant to apply for funding, but it’s important to understand how the funding is unique and how your family can benefit from it.
We will calculate all the fees and interest upfront. This way, you will know exactly how much you owe us when you win your case. You won’t run into any surprises. This can also help you avoid asking for too much money because you’ll have an idea of what your settlement will be. To repay us, you will be able to submit one payment after your case settles and you receive compensation. This will prevent you from having to make monthly payments. Finally, we take on all the risk for you. In the event you do not win your case, you do not have to pay us back.
We regularly evaluate and approve lawsuit funding for nursing home abuse claims. The application process is simple. You’ll only need to provide us with your contact information, what type of case you’ve filed, and how much money you’re seeking. So long as your lawyer is on board, we’ll speak with them, evaluate the strength of your case, and our legal underwriters will decide how much to offer you. Depending on your case, you could receive anywhere from $500 to $500,000. Submit your application with us today, so you can put the financial stress behind you and focus on getting your loved one the care they need and deserve.