Tennessee Government Vehicle Accident 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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What Are Government Vehicle Accident Loans in Tennessee
If you’ve been injured as a result of a government vehicle in Tennessee, you might be wondering what your options are while you wait for your lawsuit to resolve. One option you have is applying for a government vehicle accident loan. But what exactly is it?
A government vehicle accident loan, contrary to its name, isn’t technically a loan. Instead, it’s a type of pre-settlement funding. It’s an advance against your expected future settlement that stems from your car accident lawsuit. This provides you with immediate funds that can be used for living expenses, medical bills, legal fees, and other costs while your case is in progress.
The unique aspect of government vehicle accident loans is that they are non-recourse. That means if for any reason you do not win your case, you don’t have to repay the advance. It’s a risk-free financial tool designed to carry you over until your suit resolves. The repayment happens directly from the settlement. If there is no settlement, there’s nothing to repay.
They are specifically available for plaintiffs that have been involved in accidents that involve government vehicles. These can include police cars, fire trucks, postal vehicles, and other publicly owned or operated vehicles.
In summary, government vehicle accident loans offer a lifeline to victims in Tennessee who are facing financial strains due to an accident with a government vehicle whilst awaiting the conclusion of their legal claim.
To start your application for this type of funding, visit LawsuitLoans.io funding application.
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.
Key Information About Car Accident Loans in Tennessee
Car accident loans, also known as pre-settlement funding, can assist individuals with legal claims related to motor vehicle accidents in Tennessee. This type of financial aid is significant because it allows plaintiffs to pay for expenses while they wait for their case to resolve. A table below provides some key data about car accident loans in Tennessee by LawsuitLoans.io:
| Average car accident loan amount by LawsuitLoans.io in Tennessee | $10,329.10 |
| Largest car accident loan by LawsuitLoans.io in Tennessee | $20,022.40 |
| Average interest 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. |
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
Am I Eligible for a Government Vehicle Accident Loan in Tennessee?
Knowing if you’re eligible for a government vehicle accident loan in Tennessee can be important when navigating through your legal battle. While it may seem complex, the eligibility requirements are simpler than you might think.
First and foremost, any claim involving a government vehicle typically means dealing with an entity that is self-insured or substantially insured. This adds a layer of security in terms of potential payout, making the lawsuit loan a safer risk for loan providers like LawsuitLoans.io.
The next essential requirement is legal representation. You must have a lawyer who is representing you on a contingency basis. This means, they only get paid if you win your case. With an attorney fighting for your rights, your chances of securing a successful settlement increase.
Finally, you have to be at least 18 years old to apply for a government vehicle accident loan in Tennessee. This age limit ensures that all applicants are legally capable to enter into a contract.
If you meet these criteria, you have crossed the first hurdle towards obtaining a lawsuit loan to help take control of your finances while you wait for your case resolution.
Types of Government Vehicle Accident Claims in Tennessee
When an accident involves a government vehicle, the claim process may differ. Various types of government vehicles could be involved in an accident in Tennessee. Let’s take a quick look at a few examples and their overviews.
Police Vehicles
Police cars, often involved in high-speed chases or emergency responses, can sometimes cause accidents. A claim involving a police vehicle can be complex, due to the legal protections that officers and departments have while performing their duties.
School Buses
As they mainly operate within school districts, school buses are another type of government vehicle often involved in accidents. Such claims can involve not just the driver, but also school district liability.
City Buses
Public transport buses, managed by the city government, are always on the road. Accidents involving these buses can lead to lawsuits against the city. It’s important to remember that there’s a special procedure when dealing with accidents caused by city buses.
Garbage Trucks
Accidents involving garbage trucks can be quite serious due to their size and weight. Working as part public utilities, these vehicles belong to the local government. The claim process can include suing the city, county, or municipal corporation that operates them.
In conclusion, taking legal action involving a government vehicle may need special knowledge about different laws and regulations. You should consult a legal advisor to help navigate this complex terrain before filing a lawsuit.
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How Much Money Can I Get From my Government Vehicle Accident Pre-settlement Loan?
LawsuitLoans.io offers lawsuit loans that can range anywhere from $500 to over $1,000,000. We are well-equipped to advance up to a maximum of 25% of your anticipated settlement share if your case is still ongoing. Once your case is settled, we can provide 50% of your expected portion of the settlement.
Let’s illustrate this through an example. Suppose you are a plaintiff from Tennessee involved in a car accident legal dispute. Let’s say your case has an estimated value of $300,000, but it’s still unresolved and won’t settle for some time. Traditionally, medical providers would receive around one-third of the settlement, the attorney another third, leaving you with an estimated $100,000. In such instances, we at LawsuitLoans.io can advance approximately 25% of that amount, which equates to $25,000.
Cities we Service in Tennessee
LawsuitLoans.io provides funding throughout Tennessee. See more about our funding in Tennessee by visiting the city pages below:
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.
Other 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:
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.