Lawsuit Loan Ohio is created for the people of Ohio. If they have pending lawsuits that needs clearance, they can approach us. Actually, these are not loans and they are considered as cash advances for the lawsuit which is in a pending state. The benefits of this lawsuit loans are that it does not require a background check such as credit card checks and for account balance in the banks. After applying the loan, our underwriters will review the merits of the cases and provide with a loan if there are more merits for the case applied and this also depends on the lawsuit.
A plaintiff need not repay the money if the case does not have enough funds i.e. he does not win. This is an added advantage for the plaintiff since he need not worry about the repayment of the money while applying for the loan. He has to repay only if the case is settled with the interest rates. We take all risks on behalf of the plaintiff and give them money. The interest rates would be mentioned in the agreement and both the plaintiff and the Attorney should sign in that agreement before applying for the loan.
If the opposite party pays less money than you expected, you can pay only that amount to the company. This is also a benefit for the plaintiff. If the case is concluded against the opposite party, then he has to settle the amount demanded. The plaintiff may give some time for settling the amount. This money can help you in many situations like paying of bills at the hospital, school fee for the children, daily expenses, and mortgage payments at the correct time and so on.
The two classifications of lawsuit loans are pre settlement loan and the post settlement loan. Pre settlement loan refers to the payment of amount before the case gets settled and it is claimed during the process of the case. Post Settlement loan refers to the payment of amount after the case settlement that is it is claimed after the process of the case. A plaintiff can use any of them depending on his need and the type of the case which he is undergoing. It is not like other types of loans the things which are considered important here are a lawsuit for the correct reason and an Attorney for the case to support the plaintiff thoroughly during the case process.
The case starts with the process of hiring an Attorney. These loans can be claimed only if the Attorney represents the case. The confidence level of the plaintiff is increased because of the Attorney. Thus the value of the case is also improved by the Attorney. This makes the case to win and the plaintiff need not worry about the case. We do not ask for any fee like application fee and the processing fee. The plaintiff need not pay any money to the company till the case is settled and there is no need to pay any money in terms of monthly installments. When a plaintiff approaches us, we will help them as soon as possible after reviewing their case details.