Lawsuit loans can add Ohio personal injury to the already injured

by nph | January 27th, 2011

January 27, 2011

When someone is injured in an accident or suffers another loss for which he or she can sue, the injured party can suffer further Ohio personal injuries when taking out a loan to cover the expense of their lawsuit.

According to the New York Times, injured parties can suffer personal injury when lawsuit lenders target them. Lawsuit lenders have high rates, often taking a large amount of clients’ settlements.

According the Huffington Post, one critic even calls lawsuit lenders “legal loan sharks” because of the personal injuries their clients may suffer at their hands.

The Madison/St. Claire Record states that Illinois lawmakers rejected legislation that would allow lawsuit lenders to operate unregulated in the state.

What do you think should be done to prevent these “legal loan sharks” from taking advantage of people involved in Ohio personal injury lawsuits? Do you think it was right of Illinois lawmakers to reject legislation allowing lawsuit lenders to operate unregulated?

Have you been the victim of lender fraud? Did you suffer an Ohio personal injury because of loans you took out for a law suit? Tell the Ohio personal injury lawyers at Nurenberg, Paris, Heller & McCarthy about your loss.

Read more:

http://www.nytimes.com/2011/01/17/business/17lawsuit.html?_r=1&pagewanted=all%28w%29

http://www.huffingtonpost.com/2011/01/17/lawsuit-loans-add-big-ris_n_809882.html

http://www.stclairrecord.com/arguments/232437-house-squashes-lawsuit-loan-shark-bill