Tennessee Pedestrian 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 Pedestrian Accident Loans in Tennessee
A pedestrian accident loan in Tennessee is a type of pre-settlement funding. This is close to a cash advance. It is for people who have been injured as pedestrians in car accidents. The loan provides financial help to the injured person while they wait for their lawsuit to end.
The unique feature of pedestrian accident loans is that they are non-recourse advances. Let’s break that down. Non-recourse means that you’re not directly obligated to repay the loan. Instead, repayment comes from your future car accident settlement.
In simple terms, if you lose your lawsuit, you owe nothing to LawsuitLoans.io. But if you win your lawsuit or reach a settlement, the amount loaned plus any agreed-upon fees will be taken from the amount you receive.
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 in Tennessee provide financial help to individuals pending a lawsuit settlement. These pre-settlement funds from LawsuitLoans.io help victims cover expenses while they are waiting for their legal case results. Below is some key information about car accident loans in Tennessee:
| 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 Pedestrian Accident Loan in Tennessee?
If you’ve been involved in a pedestrian accident in Tennessee, you might be wondering whether you are eligible for a lawsuit loan. At LawsuitLoans.io we assess each application on its individual merits. But typically, the primary eligibility criteria for our lawsuit loans include:
- Having a valid legal claim: This mean you need to have an active legal case against an insurance company or a self-insured company.
- Hiring an attorney on a contingency basis: This means your attorney agrees to be paid only if you win your case.
- Being at least 18 years old: To be legally eligible for a lawsuit loan in Tennessee, you must be at least 18 years of age.
These criteria exist to ensure that we’re providing lawsuit loans responsibly and fairly. For more detailed information about the eligibility requirements or to submit an application, call us toll free at (800) 340-4973 or apply online using our LawsuitLoans.io funding application.
Types of Pedestrian Accident Claims in Tennessee
Pedestrian accidents are more common than you think. They can happen in various ways and have severe consequences for the victim. Below we discuss a few examples of pedestrian accidents and how they might occur.
1. Crosswalk Accidents: This normally happens when a driver does not yield to a pedestrian who has the right of way in a crosswalk. It could be due to driver distraction or other causes.
2. Hit and Run Accidents: In these cases, a driver hits a pedestrian and then leaves the scene without reporting the accident or rendering assistance. It often leaves the victims with considerable medical expenses and no one to hold accountable.
3. Driveway Back-Over Accidents: These accidents often involve large cars or trucks and occur when a vehicle backs out of a driveway or parking spot and hits a pedestrian they didn’t see.
Tennessee operates under a “modified comparative fault” system in personal injury cases. This means that a plaintiff’s chance of success in their lawsuit depends on their level of fault. If a court finds that a plaintiff is 50% or more at fault for their injury, they will be barred from recovering damages. Hence, the circumstances surrounding your accident significantly impact the probability of winning your lawsuit and receiving compensation.
While dealing with legal complications, LawsuitLoans.io can provide pre-settlement funding, helping plaintiffs cover immediate needs such as medical bills, rents, etc. Visit the LawsuitLoans.io website or call (800) 340-4973 to learn more about the service and submit an application at LawsuitLoans.io funding application.
Get Started
Apply today and get funds in as little as 24 hours!
How Much Money Can I Get From my Pedestrian Accident Pre-settlement Loan?
LawsuitLoans.io offers lawsuit loans that usually range from $500 to over $1,000,000. If your legal case is still in progress, we can offer up to 25% of the amount you expect to get from your settlement. If your case has already been resolved, we can advance up to 50% of the expected payout.
For example, consider a plaintiff in Tennessee with a pedestrian accident case. The estimated value of their case is $300,000, but it will not be settled for some time yet. Generally, about 1/3 of the settlement goes towards medical bills and another third goes to the attorney involved. This leaves the plaintiff with an expected $100,000. From this amount, LawsuitLoans.io could advance 25%, or $25,000.
Roadway Accident Cases we Fund in Tennessee
At LawsuitLoans.io, we fund almost any type of roadway accident in Tennessee. Here are some specific cases we fund:
- Bicycle Accident Loans: We provide funds for cases involving cyclists who have suffered harm due to others’ negligence.
- Car Accident Loans: We offer funding for car collision cases while awaiting resolution on legal claims.
- Commercial Vehicle Accident Loans: Funding is available for accidents involving commercial vehicles, such as trucks and delivery vans.
- Government Vehicle Accident Loans: For legal claims against government vehicle accidents, we offer financial support.
- Motorcycle Accident Loans: Motorcycle riders affected by other road users’ carelessness can obtain funding from us.
- Pedestrian Accident Loans: Funding is available for pedestrians injured because of motorists’ negligence or reckless behavior.
- Rideshare Accident Loans: If you’re involved in a rideshare accident, we can provide you with the necessary funds while your legal case unfolds.
- Semi-Truck Accident Loans: LawsuitLoans.io funds cases involving semi-truck accidents while awaiting legal settlements.
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:
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:
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.