Ohio Commercial Vehicle Accident Loans
- Get Cash As Soon As Today
- Rates As Low As 2.5% Simple, Monthly
- Repay $0 If You Lose
Apply in Seconds
What Are Commercial Vehicle Accident Loans in Ohio
Commercial vehicle accident loans, also known as car accident loans, are a specific type of pre-settlement funding offered in Ohio. They provide much-needed financial assistance to plaintiffs involved in auto accident lawsuits. These loans are unique as they are non-recourse. This means if the plaintiff does not win their lawsuit, they are under no obligation to repay the loan.
Here’s how they work: After being involved in a commercial vehicle accident and filing a lawsuit, the plaintiff may find themselves facing financial strain due to medical bills, lost wages, and other related expenses. This is where a car accident loan steps in. As an advance on the potential future settlement of the lawsuit, it provides immediate financial relief to the plaintiff.
This allows for the litigant to cover their living expenses while waiting for the resolution of their legal case without feeling pressured to accept a lower settlement prematurely. A pre-settlement loan can be a lifeline during this challenging process, alleviating financial worry as they focus on their recovery and the progress of their lawsuit.
It’s important to note that LawsuitLoans.io is committed to providing such financial support to plaintiffs dealing with commercial vehicle accidents in Ohio, with an effortless application process available here.
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’ve been involved in a car accident in Ohio and have subsequently initiated a legal case, you may be considering a car accident loan to help manage expenses while your case is resolved. Here’s some key data about car accident loans in Ohio provided by LawsuitLoans.io.
|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 Commercial Vehicle Accident Loan in Ohio?
To be eligible for a car accident lawsuit loan in Ohio, there are specific criteria that must be met. Firstly, every commercial vehicle accident claim involves either a high insurance policy or a self-insured entity. This involvement is crucial and non-negotiable.
Beyond this, there are two further requirements. One, you must have an attorney who is working on your case on a contingency basis. This means that your attorney will only receive payment if your case is successful. Two, you need to be at least 18 years old, as this is the legal requirement.
In summary, if you’re involved in a commercial vehicle accident claim, have hired an attorney on a contingency basis, and are over 18, you may be eligible for a lawsuit 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 savings and cost when you choose LawsuitLoans.io. While we sometimes offer interest rates as low as 2.5%, our calculator assumes an interest rate of 2.9%. This calculator is illustrative – please contact us for an instant, written quote for your request.
Months Until Settlement:
Pay as little as $2,631 on a lawsuit loan of $10,000 if your case settles within 6 months of your advance.
Save as much as $1,697 on a lawsuit loan of $10,000 if your case settles within 6 months of your advance.
Save as much as 39% on a lawsuit loan of $10,000 if your case settles within 6 months of your advance.
Commercial Vehicle Accident Loan Process in Ohio
If you’re involved in a commercial vehicle accident in Ohio and suffer injuries, you may qualify for a pre-settlement loan. These funds can help you manage your bills while you wait for your legal case to settle. Here’s how commercial vehicle accident loans work, broken down into five main steps.
- Apply online: First, visit the LawsuitLoans.io funding application and apply for a lawsuit loan. This step is easy and takes only a few minutes.
- We contact your law firm: Next, after your application is received, we’ll reach out to your law firm to collect more details about your case.
- We review your case: Following that, our team will review all aspects of your case. We need to understand the nature of your injuries and the potential award amount of your case.
- You sign a contract: Once approved, we prepare a contract for you and your attorney to sign. This document outlines the terms of your pre-settlement loan.
- You get funds: Finally, once the contract is signed, we transfer your funds. You can use these funds to pay medical bills, house rent, or any other necessary expenses while waiting for your case resolution.
Let’s take an example. Imagine a plaintiff named John. He was injured in a commercial vehicle accident in Ohio. John had to stop work due to his injuries, and he struggled to pay his bills. John applied for a lawsuit loan at LawsuitLoans.io. After reviewing his case, we approved his application. John signed the contract and received his funds. With these funds, John could comfortably wait for his case resolution without worrying about finances.
Apply today and get funds as soon as the same day you apply!
How Much Money Can I Get From my Commercial Vehicle Accident Pre-settlement Loan?
Lawsuit Loans from LawsuitLoans.io can range from $500 – $1,000,000+. The maximum we can advance is up to 25% of your expected portion of the settlement if your litigation is still in progress. For cases that have already been settled, we can offer half of your expected share of the settlement.
Let’s take an example to explain it better. Let’s assume a plaintiff from Ohio who was involved in a commercial vehicle accident. The case hasn’t been settled yet and has an estimated value of $500,000. As per common practice, medical providers usually receive about a third of the settlement amount. Similarly, the attorney will also get a third of the settlement, leaving the plaintiff with less than $170,000. With our policy, we can advance around 25% of the plaintiff’s share, which would be $42,500.
What Types of Commercial Vehicles are Frequently Involved in Cases we Fund in Ohio?
Ohio roadways host a wide variety of commercial vehicles. These are frequently involved in the cases that LawsuitLoans.io provides pre-settlement funding for. Here are some common types:
- Semi-Trucks: These massive vehicles, also known as 18-wheelers or tractor-trailers, often carry heavy loads across state lines. Their size and weight can contribute to severe accidents on the road.
- Delivery Vans: Used to deliver goods to businesses and homes, accidents involving delivery vans can happen anywhere from highway to residential areas.
- Construction Vehicles: On busy city streets and highways alike, accidents with construction vehicles like dump trucks or cement mixers may occur due to their large blind spots or the operators’ lack of attentiveness.
- Buses: Public and private buses carry dozens of people at once, which can result in multiple injuries when an accident happens.
- Taxis and Ride-Shares: Taxis, Uber, and Lyft cars are all considered commercial vehicles. Accidents involving these vehicles can be complex due to questions of driver responsibility and insurance coverage.
These are just a few examples; however, it is important to note that LawsuitLoans.io funds car accident claims involving any type of vehicle. Whether those vehicles are used privately or commercially does not impact our funding decisions.
Get $500 – $100,000 as soon as today
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 day you apply with us.
Major Cities we Serve in Ohio
Below, you will find the top 10 cities in Ohio, based on population. It’s important to note that LawsuitLoans.io proudly provides funding to residents not only in these cities, but all across Ohio and nationwide.
If you’re a resident in one of these cities, or elsewhere in Ohio or across the U.S., remember that LawsuitLoans.io is ready to assist with your pre-settlement funding needs. Visit our applications page or call us toll free at (866) 594-1343 to learn more.
Roadway Accident Cases we Fund in Ohio
We fund almost any type of roadway accident in Ohio. We provide assistance to plaintiffs needing help while awaiting their case settlements. Here are the types of roadway accidents we cater to:.
- Bicycle Accident Loans – For those who have a pending bicycle accident claim, we could provide funding to lessen your financial burden.
- Car Accident Loans – We provide lawsuit loans for individuals waiting for a car accident settlement.
- Commercial Vehicle Accident Loans – If you’ve been injured by a commercial vehicle and have an active legal case, we can assist with a pre-settlement loan.
- Semi Truck Accident Loans – Waiting on a semi-truck accident claim settlement can take time. LawsuitLoans.io is here to provide financial relief.
- Government Vehicle Accident Loans – We offer funding options for those awaiting a settlement from a government vehicle accident case.
- Motorcycle Accident Loans – Motorcycle accident claims can be lengthy. We offer lawsuit loan services to get you by financially until your case is resolved.
- Pedestrian Accident Loans – If you’re a pedestrian injured in a vehicle-related incident with a pending lawsuit, LawsuitLoans.io can assist.
- Rideshare Accident Loans – We offer easy and fast pre-settlement loans for plaintiffs of rideshare accident cases.
Get up to $500,000 with rates as low as 2.5% simple, monthly
Ohio Commercial Vehicle Accident Funding FAQs
We’ve gathered some frequently asked questions about commercial vehicle accident lawsuit funding in Ohio:
How much does it cost to get a commercial vehicle accident lawsuit loan?
The cost of a lawsuit loan varies with each case. Factors such as the size of your expected settlement, the state of your case, and the terms of your loan contract can affect the final cost. It’s important to speak to your lawsuit loan provider for clear details on pricing.
Do I qualify for a lawsuit loan on my commercial vehicle accident case?
Qualifying for a lawsuit loan largely depends on the circumstances of your case. If you have a valid claim, if you are represented by a lawyer, and if your case is likely to result in a substantial settlement, then you stand a good chance of qualifying for a lawsuit loan.
Can you get a loan on a commercial vehicle accident settlement?
Yes, it is possible to secure a loan against a commercial vehicle accident settlement. This is typically possible once your lawyer has established liability and damages, and is more often possible in cases where the settlement amount is expected to be significant.