Ohio 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
Learn More

Apply in Seconds

    What is a Lawsuit Loan and How Does it Work in Ohio

    A lawsuit loan, also known as pre-settlement funding, is money provided to plaintiffs who are in the middle of a legal case. This is not a traditional loan. Instead, it’s an advance on the potential settlement or award the plaintiff may receive from their case.

    Such funding can be beneficial for those dealing with personal injury claims or other types of lawsuits in Ohio. Waiting for a lawsuit to resolve can be time-consuming and financially draining. But with a lawsuit loan from LawsuitLoans.io, plaintiffs can gain financial relief while they wait for their legal case to finish.

    How does the process work? First, the plaintiff submits an application to LawsuitLoans.io funding application. The company then reviews the claim and speaks with the plaintiff’s attorney to understand the case better. If approved, the plaintiff receives funds typically within 24 hours. Repayment is contingent on the lawsuit’s outcome. If the plaintiff does not win their case, they owe nothing back.

    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.

    Telephone Icon - Starting the process is easy, just apply online or call toll free

    Apply Online or Call Toll-Free

    Apply online or call us toll-free at (866) 594-1343. Submitting your application takes minutes.

    Review Icon - We quickly review your legal case.

    We Review Your Case

    Next, we contact your law firm and collect basic information to review your case. Review only takes a few hours.

    Money Bag Icon - Once we approve your case, you and your attorney sign the contract and you get cash the same day

    You Receive Funds

    You and your attorney review and sign our funding contract. Once complete, you can have funds within hours.

    Important Ohio Lawsuit Loan Information

    This section provides a quick overview of lawsuit loans in Ohio. This includes average loan amounts, the largest loan issued, the semi-annual rate, and more. It’s worth noting that Ohio operates under an “at-fault” or “tort” system. Under this system, the driver found responsible for an accident has to pay for the damages. Look at the table below for a clearer understanding.

    Average loan amount by LawsuitLoans.io in Ohio $4,253.55
    Largest loan by LawsuitLoans.io in Ohio $33,350.00
    Average semi-annual rate in Ohio 20.6%
    Median personal injury verdict in Ohio $13,000.00
    Ohio statute of limitations 2 Years; Title 23 Ch. 5 Section 2305.10
    Ohio fault laws Ohio is an “at-fault” or “tort” state, meaning the driver found to be responsible for the accident is liable for damages.

    Get up to $500,000 With Rates as Low as 2.5% Simple, Monthly

    Common Case Types We Fund in Ohio

    At LawsuitLoans.io, we help to align your financial needs with your ongoing legal cases. Our financial assistance spans across a variety of common case types in Ohio. One might wonder what these case types are. Let’s break them down for you:

    1. Auto and Other Roadway Accidents

    Auto accidents and other incidents happening on the road often give rise to personal injury claims. We provide funding to plaintiffs who have such active cases.

    2. Premises Liability

    If you’ve been injured due to unsafe conditions on someone else’s property, this falls under premises liability. We can fund premises liability legal claims too.

    3. Medical Malpractice

    Medical malpractice suits occur when a healthcare professional causes harm through negligence. If you’re pursuing this kind of claim, we can assist with lawsuit funding.

    4. Labor Law Claims

    We also fund labor law claims. If you’re seeking justice for unfair labor practices, we can aid with your financial burdens.

    5. Employment Claims

    Employment claims involve disputes between employers and employees over work conditions or payment. We’re here to help provide pre-settlement finance for these claims.

    6. Other Personal Injury Claims

    In addition to these specific types, we cover a broad spectrum of personal injury claims. These can range from dog bites to defective product injuries.

    For more specific details about our services, you can visit Ohio Personal Injury Loans and Ohio Car Accident Loans. Our teams are ready to help you bridge the gap between your financial needs and your pending settlement awards.

    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.

    Am I Eligible for a Lawsuit Loan in Ohio?

    Eligibility for lawsuit loans in Ohio hinges on several factors. It starts with having a legal claim against an insurance company, a self-insured company, or a large public entity. This means you have a case that is pending resolution in the legal system and you are waiting for your settlement funds.

    Having an attorney is another key eligibility factor. Since we are working with the legal system, it is crucial that you have legal representation. Your attorney plays an instrumental role in your application process and ensures proper communication and coordination with the LawsuitLoans.io team.

    Lastly, you must be at least 18 years old to apply for a lawsuit loan. This is a standard requirement across all legal agreements to ensure legal enforceability and consent.

    Get Started

    Apply today and get funds in as little as 24 hours!

    Our Ohio Lawsuit Loan Process

    Lawsuit loans, provided by LawsuitLoans.io, offer a simple, straightforward process for plaintiffs seeking funds while they wait for their legal cases to resolve. The entire process involves just five crucial steps:

    1. Apply online
    2. We contact your law firm
    3. We review your case
    4. You sign a contract
    5. You get funds

    Each of these steps has been developed to ensure a smooth and easy experience for our clients, removing additional stress from an already difficult situation. Let’s dive into how these steps function through an example.

    Imagine a plaintiff, John Doe. He sustained injuries in a car accident due to someone else’s negligence and decided to file a lawsuit. With mounting medical bills and inability to work leading to financial strain, John turns to LawsuitLoans.io for assistance. He starts by applying online through our LawsuitLoans.io funding application. After submitting his application, we then contact his law firm to gather additional information about his case. Once we have enough details, we scrupulously review his case and later present him with the contract to sign if the application is approved. Finally, John gets his needed funds directly deposited into his account in less than 48 hours. Our Ohio Lawsuit Loan Process is efficient and designed with our clients’ needs foremost.

    How Much Money Can I Get From my Lawsuit Loan?

    Lawsuit loans from LawsuitLoans.io can range from $500 – $1,000,000+. We can advance up to a maximum of 25% of your expected portion of the settlement if your case is still in progress. For settled cases, we can offer 50% of your expected portion of the settlement.

    Let’s consider an example. Suppose you are an Ohio plaintiff involved in a car accident case with an estimated value of $100,000. Assuming that the case is still in progress and will not settle for some time, your potential share of the settlement might be around $33,000. This estimate accounts for medical providers receiving about 1/3 of the settlement and your attorney receiving another 1/3 of the settlement. In this scenario, LawsuitLoans.io could advance around 25% of your estimated portion, which would be approximately $8,250.

    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.

    What Can I Use the Money From My Lawsuit Loan For?

    One of the main benefits of a lawsuit loan from LawsuitLoans.io is its flexibility in usage. As a plaintiff, you can utilize these funds for an array of costs that you might be finding it challenging to meet.

    Primarily, lawsuit loans can be a lifeline for covering basic living expenses. Auto payments, rent or mortgage payments, groceries, utilities, and other essential expenses can be taken care of with the money from your lawsuit loan. Especially in times of financial hardship, when legal actions may limit your ability to earn income, having a monetary buffer can greatly reduce stress levels.

    Aside from living expenses, lawsuit loan funds can also be utilized to cover medical expenses. If you have ongoing medical treatments or costly prescriptions that need attending to, the funds provided by LawsuitLoans.io can provide immediate relief.

    However, it’s critical to note that there is one area where these funds cannot be utilized: litigation or legal case expenses. Using the capital for these purposes is not permissible.

    In conclusion, whether it’s to tide you over with day-to-day living costs or to help manage medical bills, lawsuit loans can make a big difference. The one caveat is that they cannot be used for direct legal costs related to your case. This ensures your financial support remains separate from the legal procedures, promoting transparency and integrity throughout the lawsuit process.

    Pros and Cons of Pre-Settlement Funding in Ohio

    Pre-settlement funding provides many benefits to plaintiffs with legal cases in process. These advantages can include financial relief, early access to funds, avoiding pressure to settle early, and the non-recourse nature of lawsuit loans. However, like any financial decision, it also comes with some potential costs or downsides. These may include relatively high-interest rates, an industry that is often unregulated or under-regulated, and the requirement of having a well-developed case with an attorney working on a contingency basis.

    Get up to $500,000 With Rates as Low as 2.5% Simple, Monthly

    Major cities we fund in Ohio

    At LawsuitLoans.io, we offer pre-settlement funding services to a wide range of locations. Included in these are the top 10 most populous cities in Ohio. These cities include:

    • Columbus
    • Cleveland
    • Cincinnati
    • Toledo
    • Akron
    • Dayton
    • Parma
    • Canton
    • Youngstown
    • Lorain

    Whether you reside in these cities or any other location in Ohio, you are eligible to apply for our funding. Besides Ohio, LawsuitLoans.io also offers services nationwide. With us, you can receive financial assistance while you await the resolution of your legal case.

    To start the application process, simply visit our LawsuitLoans.io funding application or call us toll free at (800) 340-4973. We are ready and eager to serve you wherever you are in Ohio, and across the United States.

    Ohio Pre-Settlement Funding FAQs

    In this section, we will answer some frequently asked questions (FAQs) about pre-settlement funding for Ohio residents. These include:

    • How much does it cost to get a lawsuit loan?
    • Do I qualify for a lawsuit loan?
    • How much funding can I get?

    How much does it cost to get a lawsuit loan?

    The cost of a lawsuit loan varies based on several factors such as the amount you’re borrowing, the term of the loan, and other associated fees. The exact details on pricing can be provided by LawsuitLoans.io when processing your application.

    Do I qualify for a lawsuit loan?

    Qualification for a lawsuit loan depends on the specifics of your legal claim. If you have a personal injury or other ongoing legal claim and have a lawyer representing you, there’s a high chance you’ll qualify. Once you apply for a lawsuit loan at LawsuitLoans.io funding application, your eligibility will be determined.

    How much funding can I get?

    The amount of funding you can get through a lawsuit loan varies. It primarily depends on the expected value of your legal settlement. At LawsuitLoans.io, the team offers amounts ranging from $500 to over $100,000 depending on the case details. To find out how much you could potentially receive, consider submitting an application at LawsuitLoans.io funding application.

    Get Started

    Apply today and get funds in as little as 24 hours!

    Cities we Service in Ohio

    LawsuitLoans.io provides funding throughout Ohio. See more about our funding in Ohio by visiting the city pages below:

    Apply now for a free consultation