Ohio Lawsuit Loans Made Easy

Ohio Lawsuit Loans Overview

Uplift Legal Funding provides non-recourse lawsuit loans in Ohio.

Insurance companies know that you will want to resume your life as quickly as possible. This is why they may attempt to get you to settle early. Don’t settle for less than you deserve, get pre-settlement funding from Uplift today and win your case.

Quick Reference Guide to Lawsuit Loans in Ohio

Average Funding per Case in OhioIn Ohio, Uplift’s average funding per case is $8,172Average Funding Amount in OhioFunding available in Ohio ranges from $500 to $250,000.Ohio Fault LawsOhio is not a no-fault state; it is a tort state. Those determined to have caused an accident are responsible.Statute of Limitations in OhioThe statute of limitations is two years for personal injury cases and one year for defamation claims (Ohio Rev. Code Ann. § 2305.03 et seq.)Minimum Policy Limits in OhioBodily injury coverage per person in an accident: $25,000 Bodily injury coverage total: $50,000 Property damage coverage total: $50,000

Regulation of lawsuit loans in Ohio

Ohio Rev. Code Ann. §1349.55 defines several legal funding-related terms, requires registration with the state, and requires a bond. Outlines disclosures to be included in legal funding contracts. Most legal funding companies fund personal injury cases in Ohio.

What Types of Lawsuits Qualify for Pre-Settlement Funding in Ohio?

Personal injury cases make up the majority of lawsuit loans in Ohio. This means that any case that qualifies for a personal injury settlement could be a candidate for a lawsuit loan. Things like slip and falls, auto accidents, employment law, and death or dismemberment. Most lawsuits against insurance companies will also qualify for pre-settlement funding.

Funding always depends on the specific case as well as the likelihood of winning the case.

Uplift provides lawsuit funding on most Ohio personal injury cases. A few examples include:

• Auto accidents lawsuit loans

• Premises liability lawsuit loans

• Slip and fall lawsuit loans

• Employment lawsuit loans

• Assault and battery

• Any personal injury claim

How Do Lawsuit Loans Work?

Lawsuit loans work by providing funding between the time a lawsuit is filed and when a lawsuit is settled. Because lawsuits can take a long time, many people need money for associated costs long before a case is resolved.

If you are in an accident and need settlement money to afford new expenses, like medical care, or lost wages, a pre-settlement loan can bridge this gap. Most companies will only provide pre-settlement lawsuit loans when a case has a strong chance of success. For example, if another party was clearly at fault for an accident, loans are likely. Lawsuit loans can be used for any necessary expenses. The value of a loan will depend on the circumstances of a case and the estimated payout.

When a case is settled, the amount owed will be repaid, plus interest, using settlement proceeds.

If a case is lost, lawsuit loans generally do not have to be repaid. This is among the primary differences between a lawsuit loan and other lending options.

Can I get Pre-Settlement Funding in Ohio with Bad Credit?

Good news – credit score doesn’t play a role in pre-settlement funding eligibility. The only criteria that matters is the nature of a legal case. Loans are paid with the proceeds of a settlement, which means that other forms of collateral or assurances aren’t required. If you win, your loan is paid off, and if you lose, you don’t have to pay at all.

How Much Pre-settlement Funding Can I Qualify for in Ohio?

Unfortunately, there’s no one answer. In Ohio, you can usually qualify for pre-settlement funding based on your expected settlement. A case with high costs, like a car accident that required long-term hospitalization and surgery can qualify for more funding than a case that required minor outpatient treatment.

If you want to know more about the kind of funding you can personally qualify for after filing a lawsuit, contact Uplift Legal Funding to explore how we determine funding opportunities. Our cash advance ranges from $500 to $250,000 depending on the nature of the case.

Are there any restrictions on how I spend the money?

Lawsuit loans can be used for all kinds of expenses to provide financial support. Because the factors in each case will differ, there’s no cut-and-dry criteria for spending a lawsuit loan. They can be used to pay for medical bills, mortgage payments, make up for lost wages if an accident put you out of work, or to cover other costs associated with an accident, like car repairs. This can extend to purchasing tools like wheelchairs or outfitting a home to accommodate a disability. Lawsuit settlement loans can be used to pay for personal purchases unrelated to an accident, too.

Some people take out lawsuit loans as safety nets and do not intend to use them unless necessary. This is also permitted.

What Does an Ohio Lawsuit Loan Cost?

Few loans, including lawsuit loans, can be obtained without interest and fees. This means that loans won’t be free and there are other costs that will be a part of how much you owe a lender. Some loans will result in hundreds of dollars in costs while larger loans may cost thousands on top of the borrowed amount.

Not sure how to make sure you’re covering your bases? Try our Lawsuit Loan Calculator to explore how to best evaluate lending costs.

How Can I Get the Lowest Interest Rates on Lawsuit Loans in Ohio?

As with most loans, lawsuit loans included, the best way to get low interest rates is to shop around. Though many lenders will offer similar terms, there are usually affordable options available from top lenders. Get quotes from as many lenders as you want while making your decision.

You may also want to consider things like reputation, loan terms, and customer service while making your lending decisions. If you want more information, Uplift Legal Funding is always here to help.

How to Compare Rates in Ohio

Comparing rates is as easy as asking different lenders for quotes. Some lenders will advertise their rates or range of rates while others will require you to get a customized quote before revealing expected interest. To compare rates, get information from as many companies as possible, provided they have good reputations and are businesses you’d be happy to work with. Once you feel like you’ve done enough due diligence, you can move forward.

Keep in mind that the cost of your advance can vary in ways beyond quoted interest rates. Some other components to keep in mind include:

• Origination fees

• Annual fees

• Compound vs. simple interest rates

• Penalties for early repayment

• Fixed vs. variable rates

Good pre-settlement funding companies will be transparent about their interest rates. If a lender won’t tell you what you will be paying upfront, consider this a red flag.

Is lawsuit funding worth it?

Lawsuit funding is worth it. This is because a lawsuit loan will give you the money you need in order to fight your Ohio lawsuit. You can use our cash advance for whatever you see fit. Unlike a traditional loan, you can use our pre-settlement funding for whatever you want. There is no limitation on what you can use the funding for and no credit check required.

You don’t even have to spend the money if you do not want to. You can keep it in your pocket in case another emergency happens to arise. The most important reason you should get a lawsuit loan, what makes them 100% worth it, is the fact that lawsuit cash is risk-free to you the plaintiff.

Uplift Legal Funding assumes all the risk when providing you with Ohio lawsuit loans for your personal injury lawsuit. With expert legal representation aiming for an eventual settlement, if you, as the plaintiff loses your case, you are not required to repay the Ohio lawsuit loan. This arrangement ensures there is no financial risk to you, as we bear all the responsibility in funding your case.

How long does it take to get Ohio lawsuit funding?

We can expedite your lawsuit funding, often on the same day, contingent on the timely receipt of necessary documentation from your attorney, which is crucial for adhering to the statute of limitations. Our ability to offer pre-settlement funding rapidly hinges on the efficiency of this process.

The quicker we obtain your case documents, the faster we can assess your eligibility for a future settlement advance. Litigation finance companies like ours prioritize swift communication, calling and emailing your attorney daily to ensure you receive your Ohio lawsuit funding as promptly as possible. Contact us today to find out if you qualify for our expedited service!

How many pre-settlement loans can you get?

Generally, there is not a set limit on how many pre-settlement lawsuit loans you can receive. However, as a rule of thumb, a lawsuit company will only advance from 5% to 20% of a case’s potential settlement. Therefore if your case is likely to have a high settlement, you’ll be able to get lawsuit loans that between 5 and 20 percent of the total amount.

If you have received the maximum amount of funding that your case qualifies for, then you will not be able to get additional funding.

Alternatives to pre-settlement lawsuits loans in Ohio

Lawsuit loans can be an incredible resource for those who need them, but they’re not the only option. This is particularly true for those in financial need. These kinds of resources include:

• Ohio Low Income Housing Assistance: there are various programs than can help qualifying personal injury plaintiffs. This kind of resource can be helpful for those who need help paying for housing while waiting for a settlement.

• Ohio Supplemental Nutrition Assistance and Food Stamps Program: also known as SNAP, this program provides money to use for food for qualifying families. When money is tight before a settlement, this can assist.

• Home Energy Assistance Program (HEAP): When paying for utilities like heat and electricity becomes unaffordable, this program can help make ends meet for those living at 175% of the federal poverty level or below.

Notable personal injury lawyers in Ohio

The Fitch Law Firm
900 Michigan Ave Suite 200, Columbus, OH 43215 (614) 810-7280 Specialties: Car accidents, motorcycle accidents, truck accidents, traumatic brain injury

Tittle & Perlmuter
2012 W 25th St #716, Cleveland, OH 44113 (216) 308-1522 Specialties: Medical malpractice, nursing home abuse, defective drugs, dangerous products

GBM Law
495 S High St #400, Columbus, OH 43215 (614) 222-4444 Specialties: Workers compensation, medical malpractice, car accidents, bike accidents

Paulozzi LPA Injury Lawyers
600 East Granger Rd #200, Brooklyn Heights, OH 44131 (216) 812-2100 Specialties: Slip and fall, distracted driving accidents, dog bite accidents, nursing home abuse

Ohio fault laws

Ohio is not a no-fault state, which means that whoever is deemed liable for an accident will be responsible for making appropriate payments.

Ohio follows a modified comparative fault guideline with a 51% threshold. Basically, this means that if the plaintiff’s liability exceeds that of the defendant, the plaintiff can be barred from recovery.

To prove fault in Ohio, you must be able to prove the four steps of negligence. These are:

• Evidence that the guilty party had knowledge of the proper safety precautions

• Evidence that the driver did not follow the known safety precautions despite prior knowledge and acknowledgement

• Evidence that the guilty party was directly responsible for an accident due to this inability to adhere to safety precautions

• Evidence that you suffered damages as the result of an accident for which someone else was responsible

If this can be met, you have a good chance of winning your personal injury case. This can include payment for things like medical bills, the cost of physical therapy, lost wages, and disability or disfigurement. However, there is no guarantee and an attorney or law firm can help determine whether or not your personal injury case is likely to succeed.

In some personal injury cases, even if you were deemed to be partially at fault, you may be able to get payment for damages or bodily injury. This is only an option if you can demonstrate that the other party was at greater fault.

Do I Need a Lawyer To Get a Lawsuit Loan In Texas?

Yes. While Uplift Legal Funding doesn’t require you to have filed your lawsuit before applying for a pre-settlement loan, we will need to speak with the licensed attorney representing your case. They are the one who is ultimately responsible for paying the loan back.

Your personal injury lawyer probably works on a contingency basis, which means that they only get paid if they win your case. Their fee is a portion of the settlement money. Lawsuit loans are likewise repaid from your settlement award. If you lose your case, then you don’t have to pay the settlement loan back.

If you’re having trouble finding a lawyer to represent you in a personal injury case, Uplift Legal Funding can help! We work with many reputable personal injury and accident lawyers in Texas, and we can help you locate one in your community. Our website has contact information for many lawyers with a 4.5 out of 5-star rating or above on Google Reviews.

Personal injury firms in Texas

Uplift can only provide legal funding after you have secured an attorney.

If you are having difficulty finding an attorney, we have compiled some for you.

Each of the law firms below has a rating of at least 4.5 on Google:

Baumgartner Law Firm
6711 Cypress Creek Pkwy
Houston, Texas 77069
(281) 587-1111
Specialties: Dram shop liability, Car accidents, Construction accidents, Pool Accidents

Mullen and Mullen
8105 Rasor Blvd #237
Plano, Texas 75024
(972) 947-3370
Specialties: Slip and Fall, Traumatic brain injury, Electrocution accidents, Wrongful dead

Krist Law Firm
17100 El Camino Real
Houston, TX 77058-2784
(281) 720-3630
Specialties: Maritime accidents, Aviation accidents, Product liability, Railroad accidents

Turley Law Firm
6440 N Central Expy #1000
Dallas, TX 75206
(214) 691-4025
Specialties: Oil rig accidents, Dangerous premise accidents, Boating accidents, Medical malpractice

Lawsuit loans with Uplift Legal Funding

A pre-settlement lawsuit loan from Uplift is a way to make ends meet while involved in personal injury lawsuits. Even if liability is clear, it can still take months and sometimes years for a personal injury case to settle. This is where pre-settlement funding from Uplift helps plaintiffs. We help bridge the gap between receiving a settlement and waiting for the trial to end.

This is especially true if you have multiple bills to pay or other living expenses. It is hard enough to make enough money as it is, adding a lawsuit to that is even more stressful, especially for the injured party. All Uplift to take some of the stress off of you by applying for lawsuit funding today. We can get you your cash advance within 24 hours of the approval process.

If you need a lawsuit loan, Uplift Legal Funding is one of the best resources available. Our rates are affordable, our funding occurs quickly, and we provide transparent loan terms. In addition, we’re known for our customer service. We even have an A+ BBB rating, demonstrating how much we care about our customers. Contact us today for a quote for a settlement loan or to learn more.

Next steps

At Uplift we offer lawsuit loans, we understand that this funding is crucial and we try to get cash advances to you as quickly as possible, via wire to a bank account. If you have an attorney, make sure you call us as quickly as possible so we can begin your funding process. Start the application process today, contact us online or give us a call at (800) 385-3660.