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Getting injured in an accident is painful to the body and mind. The injuries you have received from the accident can leave you with accumulated medical expenses and financial issues. If you are struggling to make ends meet while pursuing your personal injury lawsuit, High Rise Financial is here to help.
We offer affordable pre-settlement loans or lawsuit funding to injury victims and their families in Ohio. Our aim is to help you maintain financial stability during such a difficult period without applying for lawsuit loans in Ohio. Therefore, we offer lawsuit loan alternatives that are risk-free and non-recourse.
In This Article
- What Is Pre-Settlement Funding in Ohio?
- Types of Ohio Lawsuits Funded
- Statute of Limitations for Ohio Injury and Civil Claims
- Applying for Lawsuit Loan Alternatives in Ohio
- What Are the Benefits of Ohio Settlement Loans?
- How do I Pay Back a Pre-Settlement Loan?
- Is a Lawyer a Requirement?
- Do I Need to Have a Good Credit Score?
- How Much Is Your Ohio Lawsuit Worth?
- Factors Impacting the Amount of Legal Funding Available
- Apply for Your Settlement Loans in Ohio Today
What Is Pre-Settlement Funding in Ohio?
Pre-settlement loans are lawsuit loan alternatives that give you the money you need to meet your basic needs while pursuing your injury claims or waiting for the lawsuit settlement. Our pre-settlement loans in Ohio differ from traditional loans because:
- The settlement loan is based on your injury claims and not your credit score.
- The payback process of the lawsuit funding is unique. You will only pay back if you win your lawsuit.
Our legal funding ensures that you get the cash advance you need to:
- Pay bills, such as rent
- Cover medical expenses
- Buy groceries
- Settle other monthly payments
You will only have to repay our pre-settlement funding upon winning your lawsuit. If you lose your case, you do not have to pay us back. This is because we only offer non-recourse funding!
Types of Ohio Lawsuits Funded
There are a variety of types of civil cases and personal injury claims High Rise Financial may be able to find in Ohio. Some of the more common cases we offer legal funding for include:
- Premises liability accident
- Employment law cases
- Whistleblower lawsuits
- Defective product claims
- Vehicular accidents
Premises Liability Accidents
Premises liability incidents happen on a property owner’s premises. Generally, property owners will have engaged in some type of negligent conduct that causes the victim’s injuries.
For example, if you were attacked in your apartment building and your apartment owner failed to make repairs to the security system prior to your injuries, you may have grounds for a claim against the apartment owner. Other examples of premises liability accidents include:
- Hotel accidents
- Swimming pool accidents
- Parking lot accidents
- Trampoline accidents
- Dog bites
- Elevator and escalator accidents
- Injuries caused by wet floors
- Snow and ice accidents
- Ladder and stair accidents
Employment Law Cases
Anytime an employer is accused of violating local, state, or federal labor laws, they may be ordered to compensate the employee for their damages.
Some examples of employment law violations could include miss classifying an employee as an independent contractor, harassment, demotion, termination, creating a hostile work environment, quid pro quo, wage disputes, and more.
Any time an employee or other individual has knowledge that an individual or company is engaging in fraud or misconduct, and they report their findings internally or to a government organization such as the U.S. Securities and Exchange Commission (SEC), whistleblowers may be entitled to compensation or have the right to file a lawsuit against those who retaliate against them for blowing the whistle.
Defective Product Claims
You might be surprised at how often products are defective or malfunctioning. When a product causes significant injury or illness when used as intended, the manufacturer, distributor, designer, and anyone else involved in the distribution of the defective product could be held accountable for the victim’s injuries.
You may be able to enter a class action lawsuit or pursue a personal injury claim for a defective product or defective medical device, depending on the specific circumstances of your case.
Vehicular Accidents in Ohio
Motor vehicle accidents across Ohio are some of the most common causes of injuries. If you have been involved in any of the following types of motor vehicle accidents, you may have the rain to compensation and the opportunity to obtain legal funding in advance:
- Car accidents
- Truck accidents
- Bicycle accidents
- Pedestrian accidents
- Motorcycle accidents
- Bus accidents
- Taxi accidents
- Boating accidents
Statute of Limitations for Ohio Injury and Civil Claims
According to Ohio Revised Code §2305.10, the statute of limitations for personal injury claims in Ohio is just two years. It is important to file your civil claim in time or risk being barred from having your case heard within the civil court system.
The sooner you get an attorney working on your case, the more likely it is that you will be able to access the time-sensitive evidence you need to prove fault in your case.
Applying for Lawsuit Loan Alternatives in Ohio
Applying for settlement funding or lawsuit loans alternatives in Ohio involves the following steps:
- You contact us: Contact our experienced experts to discuss your claims and provide the necessary information.
- We contact your attorney: Our trusted team will reach out to your attorney to discuss your chances of winning your case and your possible injury settlement.
- We make a decision: We will review all the details and decide. If you are approved for the pre-settlement funding, you will receive the cash advance within 24 hours.
What Are the Benefits of Ohio Settlement Loans?
Here are some benefits of our lawsuit loan alternatives:
- The pre-settlement funding is risk-free and gives peace of mind.
- The settlement loan provides you with the immediate financial means you need to meet basic expenses and pay important bills.
- Having cash advance through our lawsuit loan alternatives gives you enough time to engage in settlement negotiation with the insurer. With this, you can get better compensation.
- Getting our pre-settlement funding eliminates the need to apply for lawsuit loans in Ohio.
How do I Pay Back a Pre-Settlement Loan?
You only pay us back if you win compensation in your case, and your lawyer handles the details. When they receive your settlement check, they will pay us back and take out their own fee before giving you the rest.
We structure our loans to give you the best possible chance of receiving a big payout after you win your case. We don’t want to leave you with nothing after you’ve worked so hard to win the case. That’s why we only offer partial advances and simple interest loans.
What this also means is that you do not have to worry about us calling your phone, docking your credit, or garnishing your wages because of payment issues. You’ve got enough to worry about with your accident.
Is a Lawyer a Requirement?
Yes, for several reasons. First, retaining a lawyer shows that a legal expert believes you have a case. Second, they can give us vital information we need to make a lending decision. Third, hiring a lawyer shows you are serious about pursuing compensation.
Many insurance companies will immediately raise their settlement offers once they know you have a lawyer. Why is this? It is because your lawyer can take them to trial, which could make them lose far more than they want.
Our settlement loan company cannot lend to any case without a lawyer, unfortunately. However, most personal injury lawyers work on contingency and offer free consultations. You shouldn’t have to pay anything out of pocket unless you win your case.
Do I Need to Have a Good Credit Score?
If you had concerns that having a poor credit score will impact your ability to be approved for legal funding in Ohio, you will be pleasantly surprised. High Rise Financial lawsuit wolves are never contingent on having a high credit score. Your credit report is irrelevant when it comes to our eligibility requirements.
It is not uncommon for people dealing with injuries and damages as a result of someone else’s negligence to find their credit suffering. You might have late payments reported by creditors, have certain accounts sent to collections when you could not make payments, and have other accounts closed due to failure to pay.
This could have a devastating impact on your credit report and score for the foreseeable future. Certain collection activities will remain on your credit score for a minimum of seven years. For this reason, our team never considers a person’s credit score when determining whether their application for legal funding should be approved.
How Much Is Your Ohio Lawsuit Worth?
In learning about pre-settlement funding, you might be wondering how much you could expect to be authorized. However, to find out, you must first consider how much you are expected to be awarded in your Ohio civil lawsuit.
Generally, with civil claims, you have the right to be compensated for all of the ways you have been affected by your damages. This does not only include your monetary losses but your non-economic damages as well. Some examples of financial losses that may be eligible for recovery in a civil lawsuit include:
- Lost wages and reduced earning capacity
- Past, current, and future medical expenses
- Costs of increased health and auto insurance premiums
- Costs of vehicle repairs and other property damages
You also have the right to recover non-economic damages which do not have a monetary value. Examples of non-economic damages that may be available in your Ohio civil or injury claim include:
- Pain and suffering
- Mental anguish
- Loss of consortium
- Loss of enjoyment of life
- Damage to your reputation
- Disfigurement and skin scarring
Factors Impacting the Amount of Legal Funding Available
Generally, our loan specialists at High Rise Financial will need to consider how much you are expected to be awarded in your civil case before we can determine how much we can authorize in legal funding. Our team may also consider how long it will be before your anticipated settlement comes in. In some instances, our loan specialists have granted up to $1 million in pre-settlement funding. However, legal funding this high is rare.
Instead, you can reasonably expect to receive approximately 20% of however much you are expected to recover in your civil or injury claim. This may make it possible for you to support yourself and your family while you wait for your settlement funds to come in.
Apply for Your Settlement Loans in Ohio Today
At High Rise Financial, we are always available to help you with affordable legal funding in Ohio when you need us. Call us today to learn more about our lawsuit loan alternatives or apply online. Our trusted experts will be available to discuss your legal funding options with you.
We offer services to the following OH cities and more: