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A personal injury can leave you unsettled and unsure about the next steps to take after the incident. If you suffered serious injuries, you may have to deal with accumulated medical bills and other living expenses while your case is ongoing. Thankfully, a personal injury loan can provide you with the immediate cash advance you need to pay bills, settle debts, and ultimately achieve financial relief. If you have an ongoing personal injury case in Ohio, applying for pre-settlement funding may be right for you.
At High Rise Financial, we are committed to offering risk-free lawsuit loans to personal injury victims and claimants across the state of Ohio. Our Ohio personal injury loans are completely safe and feature the lowest possible rates. Also, there is no income verification or credit checks when you apply. If you are approved for our Ohio legal funding for personal injury lawsuits, your cash advance will be available for pick up within 24 hours or less.
Ohio Personal Injury Laws
Ohio personal injury laws are designed to protect individuals who have suffered a personal injury as a result of another person’s negligent or reckless actions.
Fault Laws
Ohio follows a fault-based system for personal injury claims. This means that the person responsible for the injury (the defendant) will be held liable for the damages suffered by the victim. However, the injured party (the plaintiff) must prove that the defendant’s negligence or intentional act caused their injury.
Modified Comparative Negligence
In addition, Ohio operates using a modified comparative negligence system with a 51% bar rule. According to the principle, an injured person may only pursue damages if they were equally or partially (50% or less) at fault for their injury. However, their compensation will be reduced by their fault percentage. If the claimant is found to be mostly (51% or more) at fault for the incident, they will be barred completely from seeking damages.
Statutes of Limitations
Ohio has specific time limits, known as statutes of limitations, for filing personal injury lawsuits. Generally, you have two years from the date of the injury to file a personal injury lawsuit or insurance claim. If you fail to file during this period, you may be barred from seeking damages.
Are Personal Injury Loans Legal In Ohio?
Yes, personal injury lawsuit loans are legal in Ohio. Ohio law allows plaintiffs involved in personal injury cases to obtain pre-settlement funding, which provides financial support while their case is ongoing. This type of funding is regulated to ensure fairness and transparency. Thus, protecting both the plaintiffs and the funding companies.
Furthermore, Ohio’s laws include provisions under the Ohio Revised Code Ann. § 1349.55, which mandates that litigation funding companies inform clients of their limited rights in decision-making processes related to the lawsuit. This ensures that clients are aware of the terms and conditions involved in acquiring pre-settlement funding and can make informed decisions.
Additionally, the non-recourse nature of these loans means that repayment is only required if the plaintiff wins their case, further protecting the borrower. This ensures that plaintiffs can access the funds they need without the risk of financial burden if their case is unsuccessful.
How to Apply for a Personal Injury Lawsuit Loan in Ohio
Applying for a personal injury loan in Ohio is quick and easy. If you want to get affordable legal funding, here are the simple steps to follow:
Notify Our Experts: Reach out to our dependable experts to let them know you have a pending case and need a settlement loan before your personal injury lawsuit settles. You can contact us by phone, text, or email.
Fill Out the Forms: Complete your forms on our user-friendly website. Provide your basic information, and submit your legal funding application.
Provide Case Details: Share vital details about your ongoing personal injury lawsuit and any relevant documentation. This helps us understand your case better.
Provide Lawyer’s Contact Details: Give us your lawyer’s contact details so our trusted experts can reach out to them.
Case Deliberation: Our experts will contact your attorney to deliberate on your case and assess the facts. Also, we will discuss the strengths of your lawsuit and evaluate your potential settlement payout.
Application Review and Approval: Our dedicated financial specialists will review your pre-settlement loan application and decide if you qualify for a settlement cash advance.
Receive Funds: If you are approved for our Ohio settlement loans, you can receive your lawsuit funds within one or two business days. The money belongs to you, and you can spend it how you like.
Personal Injury Loans and Your Credit Score
One of the most significant advantages of our Ohio personal injury lawsuit loans is that they do not require a credit check. This means that even if you have poor, bad, or no credit score, you can still qualify for a loan. This accessibility is crucial for many personal injury victims in Ohio who may be facing financial hardship due to medical bills, lost wages, and other expenses related to their injury.
Since the approval process does not involve a credit history review, it ensures that more people can access the funds they need without the stress of being judged by their credit score. This is particularly beneficial for those who might not have a strong credit history or who have been financially impacted by their injury.
Moreover, personal injury lawsuit loans are non-recourse, meaning that you only repay the loan if you win your case. If you lose, you have no debt obligation, and the legal funding provider absorbs the loss. This setup provides peace of mind, as you don’t have to worry about adding to your financial burden or damaging your credit score if your case doesn’t result in a favorable outcome.
Contact Us to Apply for Risk-Free Personal Injury Loans in Ohio
If you are facing financial instability while your case is ongoing, applying for a personal injury loan in Ohio may be right for you. Contact us at High Rise Financial today to learn more about our Ohio legal funding. We are happy to serve personal injury victims throughout the state of Ohio. Call our toll-free at (866) 309-3505 today to apply.