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traumatic brain injury
How Can You Get a TBI Lawsuit Loan
Traumatic brain injuries (TBI) can alter a person’s ability to participate in standard communication skills, and individuals who have barriers to communication norms may also encounter barriers to quality of life experiences. Communication occurs in many facets, including seeing, hearing, speaking, reading, writing and gesturing that can all be compromised, leading to the inability to receive, send and process verbal, nonverbal and graphic symbol systems.
Injuries can be substantial. There are two categories of communication disorders, which include language impairments and speech impairments that can be caused by TBI. Aphasia and Apraxia are two examples of language impairments. Both of these conditions can affect the quality of life of an individual due to many factors such as loss of income and an inability to interact within a community, resulting in feelings of isolation, dependence and depression. In addition to communication disorders, additional TBI symptoms are extensive. They can include head pain, nausea, dizziness, insomnia, memory problems, concentration problems, anxiety and irritability.
Brain injuries may be caused by blunt trauma to the head due to another’s negligence, yet there isn’t always a definitive diagnosis right away. This means acquiring medical scans, constant monitoring and surgery may be needed. Further rehabilitative care could be necessary as well. Corrective and stabilizing care will be costly, leaving many individuals in debt and in need of TBI loans. TBI can result in permanent disabilities that require long term care and rehabilitative work that can swiftly deplete life savings and put patients into financial crisis. Additionally, many injuries interfere with a person’s ability to work, resulting in overwhelming bills that cause heightened stress and despair.
A pre-settlement loan can offer some respite from the burden of TBI aftermath. However, there are generally several factors that influence whether or not such a loan will be approved. Usually, three main criteria will be assessed for eligibility, and they include liability, damages and collectability. Additional elements may be considered as well, such as a criminal record, pending bankruptcy proceedings or other liens, and how experienced your attorney is.
The liable party is the person, company or entity responsible for the TBI causing accident. Each case will be reviewed to determine who was at fault for the accident and if the injured person has strong evidence to prove the party at fault is responsible. This is a large indicator of whether or not a loan will be approved.
Damages refer to the financial value of an individual’s case and can include medical bills, lost wages and the other financial responsibilities instigated by an injury. Various elements of a case can make it more likely to result in a significant settlement that positively influences a loan application. The potential for a high settlement makes it more likely a pre-settlement loan will be approved.
Collectability can heavily affect the approval of your loan also. Even when the defendant is clearly liable, if the party appears to be insolvent or will not be able to pay the settlement in a reasonable time, the chances of a loan diminish significantly. Other determinations rely on such factors as the insurance policy and its limitations, legal fees and medical expenses or liens.
To begin the process of evaluation, a completed Authorization for Release of Information contract gives your attorney the required permission to release records for evaluation. Once this occurs, a company will request information concerning a case. When this documentation is received, the process of consideration will begin. If the application is approved, an offer will be made for the client’s consideration. This process can take as little as 24 to 48 hours but may take longer depending on the company.
Typically, loan cases with a strong likelihood of victory are the ones chosen for investment. If a case meets the criteria required for success and a loan is approved, this assistance can help you toward regaining financial stability. The life altering circumstances associated with TBI don’t have to be more devastating than necessary.