Ohio Commercial Vehicle 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 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 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 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.
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.
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Apply today and get funds in as little as 24 hours!
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.
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 $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: