Tennessee Rideshare 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

Apply in Seconds

    What Are Rideshare Accident Loans in Tennessee?

    A car accident loan, or more specifically, a rideshare accident loan in Tennessee, is a type of pre-settlement funding. It’s designed to help plaintiffs involved in car accidents as they wait for their legal claims to resolve. Unlike regular loans, these are non-recourse advances on the potential settlement that plaintiffs could receive from their car accident claims.

    Lawsuit loans can alleviate the financial pressure while you wait patiently for your lawsuit to settle. Legal proceedings can often be time-consuming and strain your finances, especially if you suffered injuries and couldn’t work. This funding aims to bridge that financial gap.

    What sets a car accident loan apart is its non-recourse nature. This means that if you do not win your case, you are under no obligation to repay the amount advanced to you. You only repay the advance when – and if – you win your lawsuit and receive your settlement.

    This financial tool is particularly relevant in Tennessee where rideshare accidents involving companies like Uber or Lyft could take longer to settle due to complex corporate structures and large insurance policies.

    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.

    Telephone Icon - Starting the process is easy, just apply online or call toll free

    Apply Online or Call Toll-Free

    Apply online or call us toll-free at (866) 594-1343. Submitting your application takes minutes.

    Review Icon - We quickly review your legal case.

    We Review Your Case

    Next, we contact your law firm and collect basic information to review your case. Review only takes a few hours.

    Money Bag Icon - Once we approve your case, you and your attorney sign the contract and you get cash the same day

    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

    Do you live in Tennessee and have been involved in a car accident? You may be interested to know that car accident lawsuit loans can help you cover your immediate financial needs. The loan amount provided by LawsuitLoans.io is based on the merits of your car accident case, not your personal credit. Here’s a snapshot of what you can expect on average 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 Rideshare Accident Loan in Tennessee?

    If you have been involved in a rideshare accident and have lodged a lawsuit, you might be wondering if you qualify for a car accident lawsuit loan. These loans, also known as pre-settlement funding, can provide financial relief while you wait for your legal case to resolve.

    The criteria for eligibility is pretty straightforward: you must have hired an attorney who is handling your case on a contingency basis and you need to be at least 18 years old. A contingency basis means that your attorney gets paid only if he or she wins your case.

    Another important point to note is that because rideshare accidents often involve high insurance policies, there’s a good probability of securing funding if you’re pursuing such claims. At LawsuitLoans.io, we fund claims arising from accidents involving any rideshare company or delivery service, not limited to:

    • Uber: Founded in 2009, this multinational ridesharing company operates in many countries around the world.
    • Lyft: Established in 2012, this American based company provides rideshare services across the United States and several Canadian cities.
    • DoorDash: Focused on food delivery, this company, established in 2013, is the largest food delivery company in the U.S. by sales.

    In summary, if you have engaged a contingency-based attorney and are holding a claim against any rideshare and delivery company, there’s a high chance you’re eligible for a ride share accident loan.

    How Much Money Can I Get From my Rideshare Accident Pre-settlement 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 take an example: A plaintiff in Tennessee is involved in a rideshare accident and has a $500,000 estimated value claim. The case is still going on and will not settle for some time. Typically, medical providers get paid around 1/3 of the settlement, the attorney gets another 1/3 of the settlement which would leave the plaintiff with around $170,000. For a claim like this, we can advance approximately 25% of that amount, or $42,500.

    Get Started

    Apply today and get funds in as little as 24 hours!

    Roadway Accident Cases we Fund in Tennessee

    We fund almost any type of roadway accident in Tennessee. Here are some examples:

    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:

    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.

    Apply now for a free consultation