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.
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
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:
- Bicycle Accident Loans – If you’ve suffered from a bicycle accident and are pursuing a lawsuit, you can apply for funding with us.
- Car Accident Loans – Victims of car accidents who are in the process of a lawsuit can benefit from our funding.
- Commercial Vehicle Accident Loans – Commercial vehicle accidents include cases involving business or work vehicles. We provide funds for these cases.
- Government Vehicle Accident Loans – Accident with government vehicles fall within our funding scope.
- Motorcycle Accident Loans – If you are a victim of a motorcycle accident currently in a legal case, we offer funding.
- Pedestrian Accident Loans – Pedestrian accidents can be severe. Don’t let financial stress hamper your recovery; apply for funding.
- Rideshare Accident Loans – We fund cases involving accidents with rideshare companies like Uber or Lyft.
- Semi-Truck Accident Loans – Accidents with large trucks can be catastrophic. We provide financial support until your case resolves.
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.