Tennessee Lawsuit 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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Important Tennessee Lawsuit Loan Information
When it comes to lawsuit loans in Tennessee, there are some central details potential borrowers must know. This insight can give a snapshot of what may be anticipated when applying for a lawsuit loan through LawsuitLoans.io. They include the typical loan amount, semi-annual rate, and other crucial state-specific aspects. Refer to the table below for this essential information.
| Average loan amount by LawsuitLoans.io in Tennessee | $13,209.40 |
| Largest loan by LawsuitLoans.io in Tennessee | $20,022.40 |
| Average semi-annual rate in Tennessee | 17.5% |
| Median personal injury verdict in Tennessee | $31,000.00 |
| Tennessee statute of limitations | 1 Year; Tenn. Code Ann. Section 28-3-101 |
| Tennessee fault laws | Tennessee is an “at-fault” or “tort” state, meaning the driver found to be responsible for the accident is liable for damages. |
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.
How Much Money Can I Get From my Lawsuit Loan?
Lawsuit loans from LawsuitLoans.io can range from $500 – $1,000,000+. We can advance up to a maximum of 25% of your expected portion of the settlement if your case is still in progress. For settled cases, we can offer 50% of your expected portion of the settlement.
Let’s consider an example scenario. Suppose, you are a plaintiff in Tennessee involved in a car accident case with an estimated value of $100,000. The case is still in progress and will not settle for a while. The distribution of the settlement would look something like this: medical providers receive about 1/3 of the settlement, attorneys get another 1/3, and the plaintiff, i.e., you, would receive around $33,000. In this case, LawsuitLoans.io can advance around 25% of that amount – which is approximately $8,250.
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
Common Case Types We Fund in Tennessee
We fund a wide range of cases in Tennessee, each with its own unique set of details and complexity. Below are the most common case types we support.
Auto and Other Roadway Accidents
In these cases, a person becomes injured due to accidents on the road. This could include car crashes, bicycle accidents, motorcycle accidents, or pedestrian incidents.
Premises Liability
These situations occur when a property owner’s negligence leads to a person getting hurt. This could involve slip and fall incidents, unsafe conditions, or inadequate security.
Medical Malpractice
This involves any harm caused by a healthcare professional’s care that does not meet standard levels. Examples might be incorrect diagnoses, medical errors, or poor aftercare.
Labor Law Claims
These cases address issues linked to work and employee rights. This can involve disputes over wages, discrimination, or wrongful termination.
Employment Claims
Similar to labor law, employment claims can cover issues such as harassment, bias, or unfair treatment at work.
Other Personal Injury Claims
These refer to any situation where a person experiences harm due to the actions or negligence of another person or company.
To learn more about these cases and the funding we offer, visit Tennessee Personal Injury Loans and Tennessee Car Accident Loans.
Am I Eligible for a Lawsuit Loan in Tennessee?
If you’re considering a lawsuit loan, there are a few key factors that may determine your eligibility. The foremost eligibility criteria are as follows:
- You have a valid legal claim against an insurance company, self-insured company, or large public entity
- You have hired an attorney to represent you in your case
- You are at least 18 years old
These are the primary requirements for obtaining a lawsuit loan. However, each individual case is evaluated on a case-by-case basis, and meeting these criteria does not necessarily guarantee approval.
Get Started
Apply today and get funds in as little as 24 hours!
What Can I Use the Money From My Lawsuit Loan For?
The funds received from your lawsuit loan are intended for your personal use. As a plaintiff, you may have personal injury or other legal claims that are taking time to resolve. During this waiting period, a lawsuit loan can provide financial support to help meet your daily needs and expenses.
Specifically, you can use your lawsuit loan for things like living expenses and medical expenses. These could be anything from rent or mortgage payments, food and utility bills, to medical procedures, medication costs, therapy sessions, or any other healthcare-related costs you might have.
The versatility in using these funds is significant. Whether it’s used to replace lost wages or handle emergency health situations, a lawsuit loan can lessen the financial stress as you go through your legal case.
However, there is one major restriction on the usage of these funds. The money obtained from a lawsuit loan cannot be used towards litigation or legal case expenses, such as attorney fees, court costs, or expert witness fees. Keep in mind, the purpose of the lawsuit loan is to aid in your personal finances, not to fund your legal case.
Tennessee Pre-Settlement Funding FAQs
Any legal process can be long, costly and confusing. At LawsuitLoans.io, we are dedicated to making the process of pre-settlement funding as straightforward and cost-effective as possible for our clients.
How much does it cost to get a lawsuit loan?
The cost of obtaining a lawsuit loan varies based on several factors. These include the amount of your loan, the interest rate, and the duration of your loan. Our standard funding rates typically range from 1.5% to 3.5% monthly non-compounding. We are proud to offer one of the best rates in the industry. Remember, you only repay if you win your case.
Do I qualify for a lawsuit loan?
The main requirement for qualifying for a lawsuit loan is that you have a pending personal injury or other legal claim and you have hired an attorney. If you have a valid claim but are uncertain if you qualify, please use the LawsuitLoans.io funding application or call us at (800) 340-4973 for more details.
How much funding can I get?
The funding amount for each lawsuit loan is unique and will be based on the specific details of your pending claim, your needs and the potential settlement amount. You may qualify for a loan ranging from $500 to $2,500,000 based on the merits of your case. For a more accurate estimate, please apply online with our funding application or contact us directly.
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.
Cities we Service in Tennessee
LawsuitLoans.io provides funding throughout Tennessee. See more about our funding in Tennessee by visiting the city pages below:
Cases we Fund in Tennessee
LawsuitLoans.io provides funding for various personal injury and roadway accident cases in Tennessee. Read more about the personal injury cases we fund in Tennessee 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 Tennessee here:
Get up to $500,000 With Rates as Low as 2.5% Simple, Monthly
Does LawsuitLoans.io Directly Fund Cases in Tennessee?
While LawsuitLoans.io operates as a direct funder in most states it services, we act as a broker and originate funding requests to a select group of partner funding companies in Tennessee.