Did You Suffer Injuries Because Of Car Accident In Ohio?
Then you have the right to sue the other driver for the negligence. Getting into litigation is a very expensive thing nowadays. Therefore, we bring you car accident loans in Ohio, which only a plaintiff with a pending car accident lawsuit can take. Our lawsuit loan will help you cover the litigation cost while you focus on getting recovery. Further, the cash that we offer can be used to pay for the immediate medical costs that arise because of the car accident injuries.
Car accident lawsuits can take a while to come to a settlement, and those who have limited savings, need to suffer a lot financially. Therefore, getting a financial solution like a car accident loan seems very impressive. Not only do you get the funds easily, but it is also risk-free. All this seems unreal when you are in so much trouble. So now let’s understand thoroughly how a car accident lawsuit loan works, and how it can benefit the plaintiffs in Ohio.
What Is Pre-settlement Funding Against Car Accident Claim?
Pre-settlement funds against a car accident claim is a form of cash advance which only plaintiffs who are in a lawsuit of auto collision can get. These cash advances can be used in whatever way you want. Since we don’t have any obligation on how you use the cash. Most of the time plaintiffs use it to pay for litigation costs, medical bills, or even get your car repaired.
How Ohio Car Accident Lawsuit Loans Work?
A car accident lawsuit loan in Ohio can also be termed as a pre-settlement loan or litigation financing against a car accident claim. Basically, it is a cash advance that the plaintiff gets for their pending court case. Our financial solution is designed in a way to help the injured victim cover the expenses while their case is still in the trial phase. Here’s how a car accident loan works:
Eligibility & Application: One must be eligible to qualify for a car accident lawsuit loan in Ohio, for that you must have an active car accident case. Further, an attorney must be working with you. After you apply for case funding with us, we will ask for case case-related documents from your attorney. Based on the analysis of your case details we will learn about your accident, injuries, and expected settlement value.
Evaluation & Funding: Once our internal team gets your case’s details, we will evaluate it based on our internal parameters. We will determine if your case is strong enough to get the funds. If you have a strong case, with the likelihood of a successful outcome, we will offer you a lump sum based on your expected future settlement.
Repayment Terms: Since we only offer non-recourse lawsuit loans in Ohio, you only need to repay the loan if you win the case. The loan is repaid from the settlement or judgment proceeds, making it a hassle-free experience. Further, if you lose the case, you do not repay the loan, which makes it the risk-free method to get urgent money after a car accident injury.
What Are The Benefits Of Car Accident Lawsuit Funding?
A few of the benefits that you expect, if you are thinking of getting a cash advance against your car accident lawsuit from ECO Pre-Settlement Funding are:
- We provide cash much quicker and easier than any other traditional funding institute.
- Car accident loans are more convenient than refinancing your home or exhausting all your savings.
- No income proof is a credit check is required so you can get money even with a poor credit rating
- It is the only risk-free method to get cash when you need it the most. Because the repayment is done after you win the case.
- You can use the lawsuit loan money without any obligation; use it where it suits you.
Ohio reports 1242 fatal car accidents in 2023, and if you got injured because of it, getting a cash advance for your pending lawsuit is always a better way to get urgent funds for litigation-related expenses. Further, the expenses are not limited to lawsuits, you can use the cash to pay for car repairs, bills, rents, and personal care expenses. Here you are getting cash prior to settlement, and in exchange, you just share a portion of your future expected reward.
What Is Our Pre-Settlement Funding Process In Ohio?
We are a decade-old company that is providing lawsuit loans for car accident cases in Ohio. Our process is simple to help plaintiffs who are seeking financial help during a legal battle. The pre-settlement funding process involves:
- Attorney Consultation: A plaintiff prior to applying for a pre-settlement loan against a car accident case must consult with your attorney. Because they understand your case better and will guide you properly whether a pre-settlement is a good option or not.
- Submit Application: If your attorney agrees to a lawsuit loan against a car accident case, then the next thing you should do is, fill out an application form. Our application form asks for information about your case, such as the accident details, your injuries, medical treatment, and the expected settlement amount.
- Case Documentation: We will ask your attorney to share the relevant case document with us. Documents like police reports, accident reports, medical bills, medical records, and any other information related to the case, which can support your application.
- Case Evaluation: Next we will assess the merit of your case. Based on the assessment and the likelihood of a successful outcome, we will determine what your case is worth. Factors such as liability, injuries, and damages will determine how much of the settlement you can get.
- Funding Contract: After the evaluation if your case gets the green signal from our experts we will offer you a cash advance. The amount that we can offer can only be finalized once your case is evaluated. If you agree to the funding terms, you and your attorney must review the agreement and sign the contract. After you sign the contract will transfer the amount in 24 hours.
How Much Can You Get From A Car Accident Loan In Ohio?
Generally, we provide lawsuit loans starting from $500 to $100,000 based on the strength of the case. Further, the expected settlement value can also determine how much you can get on your car accident case. We can offer you a loan amount of 10 to 20 percent of your expected future settlement.
For example, if your expected settlement is $50,000, you might be eligible for a car accident lawsuit loan between $5,000 and $10,000. The exact amount you can receive will only be determined once we evaluate the case.
How Much Is My Car Accident Case Worth in Ohio?
The worth of your car accident case in Ohio depends on several factors. These factors include the severity of your injuries, property damage, and the circumstances surrounding the accident.
Some key elements that influence the value of your case are:
- Medical expenses: Current and future costs related to your injuries.
- Lost wages: Income you’ve lost due to your injuries and recovery.
- Property damage: The cost to repair or replace your vehicle.
- Pain and suffering: Physical and emotional distress caused by the accident.
- Fault: The degree to which each party is responsible for the accident.
In Ohio, the law follows a comparative negligence rule. This means that if you are found partially at fault, your compensation will be reduced by your percentage of fault. To get a better idea of your case’s worth an experienced car accident attorney can help. Remember, each case is unique, and the final settlement amount may vary. Factors like insurance policy limits and the strength of your evidence can also impact your case’s value.
Apply For Car Accident Loans in Ohio
If you have a pending lawsuit in Ohio, you must have now realized that the settlement generally gets delayed. Further, if it is a car accident litigation to reach a settlement you may have to wait for several months or even years. Since it is difficult to prove who was at fault in the accident. The court can only give judgment based on evidence and proof presented. All these take time and the delay is obvious in car accident settlement in Ohio. But the person who faced the injury not only has to go through the legal battle but also take care of the finances at the same time.
Therefore, the only risk-free solution is to get an auto accident lawsuit loan which will help you cover the litigation expenses. Also, these cash advances can be used to pay for surgeries, cover medical bills, or even you can use it to get your car fixed. Don’t consider it as a debt, because our car accident loans in Ohio are risk-free funding solutions, where you only need to repay if you win the case. Our motive is to help plaintiffs of car accident cases to have a fair settlement without any financial pressure.
Apply for a car accident pre-settlement funding in Ohio, get the funds, and use it the way you want. To apply give us a call at 800-961-8924 for one-to-one guidance or you can easily submit an online application form given below.