Ohio Bike 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
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What Are Bicycle Accident Lawsuit Loans in Ohio
Bicycle accident lawsuit loans are a special kind of funding that can help plaintiffs who have been injured in a bike accident wait for their legal case to resolve. It’s not uncommon for legal cases to take a long time before a conclusion is reached. During this period, the injured person might be out of work and struggling with financial instability. That’s where a bicycle accident loan from LawsuitLoans.io comes into play.
In essence, these loans provide an advance on a plaintiff’s anticipated future settlement. This means that if you were injured in a bicycle accident due to another party’s negligence and filed a lawsuit against them, you could qualify for this type of loan. The funds can be used for any purpose while waiting for the final resolution of the lawsuit.
The most significant aspect about bicycle accident lawsuit loans is that they are non-recourse. In simpler terms, this means that if you, the plaintiff, do not win your case, you do not have to pay back the loan. The risk is all handled by LawsuitLoans.io. If you do win your case, the repayment comes directly from the settlement amount. This financial tool gives you peace of mind as it reduces stress related to financial issues and allows you to focus on your recovery.
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’re involved in a car accident in Ohio, you may have to wait a long time for your lawsuit to resolve. During this period, you might encounter financial difficulties. That’s where LawsuitLoans.io comes in. We provide pre-settlement funding or car accident loans to help you manage your bills and other expenses. Let’s look at some key metrics and laws related to car accident 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 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.
Get up to $500,000 With Rates as Low as 2.5% Simple, Monthly
Am I Eligible for a Bicycle Accident Loan in Ohio?
Not everybody who applies for a bicycle accident loan gets approved, so it’s essential to understand the eligibility criteria before applying. One important criterion is having a valid legal claim. This typically means that you’ve been involved in a bike accident and you’re filing a lawsuit against an insurance company or self-insured company due to injuries sustained.
Another critical eligibility criterion is that you must have hired an attorney to represent you in your case. Importantly, this attorney should be working on a contingency basis. In simple terms, your attorney should only get paid if you win your case or reach an acceptable settlement.
Lastly, you must be 18 years old or older to apply for a bike accident lawsuit loan. This is because you need to be of legal adult age to enter into a contract in most jurisdictions, and taking out a lawsuit loan involves a contractual agreement between you and the pre-settlement funding company.
In summary, you are eligible for a bike accident lawsuit loan in Ohio if you are 18 years or older, have a valid lawsuit against an insurance company or self-insured entity, and have hired an attorney who is working on a contingency basis.
Types of Bike Accident Claims in Ohio
Bike accidents come in many forms and, unfortunately, are a common occurrence. Any kind of negligence on the part of the driver could lead to an accident with a cyclist. Here are a few examples:
- Right Cross: This type of accident occurs when a car makes a right turn directly in front of a cyclist.
- Dooring: When a car’s door is suddenly opened without checking for cyclists, a serious collision could occur.
- Rear End: In this situation, a car hits the cyclist from behind. This is often due to distracted or reckless driving.
- Left Cross: This happens when a car making a left turn collides with a cyclist going straight on the road.
Understanding fault laws in Ohio is crucial to a bike accident claim. In Ohio, the law follows a ‘modified comparative negligence’ rule. This means the court divides blame amongst all parties involved according to their share of fault. If you’re found to be more than 50% at fault, you cannot recover damages.
This combination of circumstances and fault laws can greatly impact a plaintiff’s chance of success in a lawsuit. For instance, if a cyclist was not adhering to traffic rules during the accident, their recovery may be reduced or even denied in accordance with Ohio’s fault laws.
With the complexities involved in such cases, financial support can make a significant difference in how a lawsuit proceeds. That’s where LawsuitLoans.io comes in. From personal injury to other legal claims, they offer funding to plaintiffs while they wait for their case to resolve.
For more information, reach out through their website at LawsuitLoans.io, or call their toll free number (800) 340-4973. You can also apply directly through their application located at LawsuitLoans.io funding application.
Get Started
Apply today and get funds in as little as 24 hours!
How Much Money Can I Get From my Bike Accident Pre-settlement Loan?
LawsuitLoans.io provides lawsuit loans ranging from $500 to over $1,000,000. The amount we can advance is up to 25% of your expected share of the settlement if your case is still ongoing. For settled cases, we can offer up to 50% of your anticipated share of the settlement.
Let’s take an example of a plaintiff in Ohio with a bike accident case that has a projected value of $750,000. However, the case is still not decided and will take some time to settle. Usually, medical providers receive about 1/3 of the settlement, and the attorney also gets a third of the settlement. This leaves the plaintiff with a projected $250,000.
From this amount, LawsuitLoans.io can advance around 25%, which would be approximately $52,500.
Roadway Accident Cases we Fund in Ohio
At LawsuitLoans.io, our focus is to support claimants as they deal with the aftermath of an accident. We fund a wide array of roadway accidents in Ohio, providing necessary financial assistance while your legal case unfolds. Here are some specific types of roadway cases that we handle:
- Bicycle Accident Loans: If you’ve been injured in a cycling accident, you can seek our help for remedy.
- Car Accident Loans: Victims of car accidents can find financial relief with our specialized loan services.
- Commercial Vehicle Accident Loans: This covers accidents involving business or commercial vehicles.
- Government Vehicle Accident Loans: These are provisioned for accidents with government-owned vehicles.
- Motorcycle Accident Loans: Claimants of motorcycle accidents can also make use of our loans.
- Pedestrian Accident Loans: This involves accidents where pedestrians are harmed.
- Rideshare Accident Loans: If you’re a victim of a ridesharing accident, we can assist you financially.
- Semi-Truck Accident Loans: Any accidents involving semi-trucks also qualify for our lending services.
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.
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: