Ohio Car Accident 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
What Are Car Accident Loans in Ohio
Car accident loans, also known as auto accident pre-settlement funding, involve financial support given to a plaintiff awaiting a settlement from a car accident case. The objective of these loans is to help plaintiffs manage their financial affairs during the lifecycle of the lawsuit, especially when the case takes longer to resolve than expected.
A unique feature of car accident loans in Ohio is that they are non-recourse advances. This means that the funds provided are based upon the probable outcome of your future settlement. In simple terms, if you do not win or settle your lawsuit, you owe nothing back.
Imagine being involved in a severe car accident. Aside from physical harm and emotional stress, you might also be unable to work for a while. Medical bills start to pile up, and before you know it, you are under immense financial pressure. This is where legal funding from LawsuitLoans.io may come in handy. It provides a loan against the future outcome of your lawsuit to help you take care of immediate financial needs. Thus, it allows you to focus more on healing and less on financial worries while waiting for your case to be resolved.
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.
Key Information About Car Accident Loans in Ohio
If you are involved in a car accident in Ohio and have a legal case, you may be eligible for a car accident loan. Here’s some important information you need to know about these loans in Ohio.
| Average car accident loan amount by LawsuitLoans.io in Ohio | $3,743.32 |
| Largest car accident loan by LawsuitLoans.io in Ohio | $32,286.88 |
| Average interest rate in Ohio | 20.7% |
| 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
Am I Eligible for a Car Accident Loan in Ohio?
Securing a car accident loan in Ohio is a straightforward process. The critical eligibility criteria are easy to understand and satisfy. First, you must have a valid legal claim against an insurance company or a self-insured company. This claim usually arises after you’ve been involved in a car accident due to another party’s negligence or recklessness.
Next, you must have hired an attorney on a contingency basis. A contingency basis means that your attorney will be paid out of the settlement or judgement proceeds of your case. They do not get paid unless you win your case or achieve a settlement. Having a lawyer shows that you have a serious intention to pursue your lawsuit.
Last but not least, as with other legal transactions, you need to be at least 18 years old. This is the legal age for entering contracts in most states, including Ohio.
If you meet all these criterias, congratulations! You’re eligible to apply for a car accident loan in Ohio.
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.
Car Accident Loan Process in Ohio
If you have been injured in a car accident and have filed a lawsuit to claim damages, you may be eligible for an auto accident loan. Let’s quickly explain how this works in five simple steps:
- Apply online: Visit LawsuitLoans.io funding application, fill up the required information and submit your application.
- We contact your law firm: After receiving your application, our team will get in touch with your lawyer to get more details on your case.
- We review your case: Our experts will take time to review all the details of your case and assess the potential of winning the lawsuit.
- You sign a contract: If approved, we will send you a contract to sign. This outlines the terms of the loan.
- You get funds: Once the contract is signed, the loan will be processed and the funds will be transferred to your account.
To illustrate this process, let’s consider an example of a plaintiff named John who was involved in a serious car accident in Ohio. John was badly injured and unable to work. His lawyer believed that they had a strong case, but legal proceedings can take time which resulted in John facing financial hardships during this period. That’s when John learned about LawsuitLoans.io. He went through the aforementioned process smoothly. On our completion of the review, we found his case to be valid and offered him a loan. John signed the contract and received the needed funds within a shorter span of time. This helped John cover his bills while waiting for his legal case to finally resolve.
Get Started
Apply today and get funds in as little as 24 hours!
Roadway Accident Cases we Fund in Ohio
At LawsuitLoans.io, we provide funding for various types of roadway accidents in Ohio. If you are involved in any of these types of cases and are seeking financial aid while pursuing your legal claim, consider looking into our specialized loan options:
- Bicycle Accident Loans: These are loans offered to individuals who have suffered injuries as a result of a bicycle accident.
- Car Accident Loans: These loans can be a lifeline to victims trying to recover from the aftermath of a car accident.
- Commercial Vehicle Accident Loans: For those affected by an accident involving a commercial vehicle, these loans can ease your financial burden.
- Government Vehicle Accident Loans: Accidents involving government vehicles can lead to complex lawsuits. Our loans can help maintain your financial stability.
- Motorcycle Accident Loans: If you have experienced a motorcycle accident, our loans can help cover your costs during the recovery process.
- Pedestrian Accident Loans: Pedestrian accidents often involve extensive recovery periods. Our loans can provide vital financial support.
- Rideshare Accident Loans: If you have been involved in a rideshare accident, our loans can ease the financial stress whilst your case is being settled.
- Semi-Truck Accident Loans: When a semi-truck accident occurs, mounting bills can become overwhelming. Our loans can help provide some breathing room.
How Much Money Can I Get From my Car Accident Pre-settlement 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 look at an example of how this might work. Suppose you’re a plaintiff in Ohio who’s been in a car accident. The estimated value of your case is $50,000, but the case won’t settle for some time yet. As a general rule, medical providers get paid around 1/3 of the settlement, and the attorney gets another 1/3 of the settlement. This means you, the plaintiff, would receive around $17,000.
From that $17,000, we could advance approximately 25% of that amount or $4,250. So, even though your case has not yet been settled, you could have access to funds to help you with bills and other expenses.
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.
Major Cities we Serve in Ohio
LawsuitLoans.io provides pre-settlement funding across the United States, including every city in Ohio. Here, we have listed the top 10 most populous cities in Ohio that we serve, though rest assured, our services reach far beyond these locations:
- Columbus
- Cleveland
- Cincinnati
- Toledo
- Akron
- Dayton
- Parma
- Canton
- Youngstown
- Lorain
Even if your town does not appear on this list, remember: LawsuitLoans.io is proud to serve residents of all Ohio cities with their funding needs while they wait for their legal case to resolve. We operate nationwide and are ready to support any plaintiff in need of financial aid.
Ohio Car Accident Funding FAQs
When looking into Ohio car accident funding, many questions may come to mind. Here, we aim to answer commonly asked questions – helping you make an informed decision.
How much does it cost to get a car accident lawsuit loan?
The cost of obtaining a car accident lawsuit loan varies depending on the details of your case and the amount you wish to borrow. At LawsuitLoans.io, we structure our pricing based on an individual case evaluation, which ensures a fair and personalized approach.
Do I qualify for a lawsuit loan on my car accident case?
Qualifying for a loan on your car accident case largely depends on the strength of your legal claim. If you have engaged a lawyer and you’re expected to win or settle your case, then you are likely to be eligible. Our team at LawsuitLoans.io can provide further guidance based on your specific circumstances.
Can you get a loan on a car accident settlement?
Yes, you can obtain a loan on a car accident settlement. This type of funding is specifically designed to help victims like you manage your finances before reaching a settlement or winning your case. You can apply for funding through our online application form or discuss your options further by calling us on our toll-free number (800) 340-4973.
Get up to $500,000 With Rates as Low as 2.5% Simple, Monthly
Other Cases we Fund in Ohio
LawsuitLoans.io provides funding for various personal injury and roadway accident cases in Ohio. Read more about the personal injury cases we fund in Ohio here:
- Personal Injury Loans
- Police Misconduct Lawsuit Loans
- Medical Malpractice 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 Ohio here:
Get Started
Apply today and get funds in as little as 24 hours!