Tennessee Car 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
What Are Car Accident Loans in Tennessee
A car accident loan, also known as a pre-settlement loan, is a financial tool that can provide much-needed aid to plaintiffs awaiting the resolution of their legal claim. Specifically, these loans offer litigants an advance on the anticipated settlement of their car accident lawsuit. This funding assists plaintiffs in managing their immediate financial needs while they pursue justice.
Interestingly, car accident loans in Tennessee and beyond are termed “non-recourse.” This means that if a plaintiff doesn’t win their case or receive a settlement, they aren’t obligated to repay the amount advanced. Essentially, the funding company assumes all of the risk associated with these types of loans.
Consider this scenario: A plaintiff has been involved in a car accident due to another party’s negligence. They have legitimate grounds for a lawsuit but are facing mounting bills and expenses. Legal funding from companies like LawsuitLoans.io can provide them with a lifeline. This allows the plaintiff to maintain financial stability as their legal case progresses, ensuring they don’t face undue hardship stemming from the accident coupled with pending litigation. The funding can be used to cover medical bills, living expenses, and other costs incurred during the case.
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
When you get into a car accident in Tennessee, you could face unexpected costs. But don’t worry. LawsuitLoans.io is here to help with car accident loans. We provide pre-settlement funding that can give you the funds you need while you wait for your lawsuit to resolve. This table provides specific 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 up to $500,000 With Rates as Low as 2.5% Simple, Monthly
Am I Eligible for a Car Accident Loan in Tennessee?
Many plaintiffs involved in car accident lawsuits wonder if they qualify for financial aid to support them while their case progresses. The good news is that LawsuitLoans.io can provide lawsuit loans to plaintiffs who meet certain criteria.
The primary eligibility conditions are quite straightforward. First, you must have a valid legal claim against an insurance company or a self-insured company. This implies that the accident wasn’t your fault and that there’s a party with the ability to pay the compensation you’re seeking.
Second, you need to have an attorney hired on a contingency basis. A contingency fee agreement suggests that your attorney believes in the merits of your case and is willing to get paid only when you win or settle your lawsuit. This requirement ensures an objective assessment of the potential success of the claim.
Last but not least, you must be at least 18 years old. Lawsuit funding companies, including LawsuitLoans.io, require applicants to be adults according to the local state law.
If you meet these criteria, you may very well be eligible for a car accident lawsuit loan in Tennessee. Check out LawsuitLoans.io funding application to proceed with the process.
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.
Car Accident Loan Process in Tennessee
Auto accident loans provide an essential financial boost to plaintiffs waiting for case settlements, especially when personal injury is involved. So, how does it work? Here’s a simple overview of the five main steps:
- Apply online: Start your journey by filling out an online application at LawsuitLoans.io funding application.
- We contact your law firm: After receiving your application, we will get in touch with your legal representatives to garner more information about your case.
- We review your case: Our experts then review your case thoroughly, assessing its merits and potential value.
- You sign a contract: Once approved, we prepare your lawsuit loan agreement, which you need to sign before disbursal of funds.
- You get funds: Finally, the agreed upon amount is transferred to you, providing you the financial support while waiting for your settlement.
Let’s put this into context. Suppose Jon, a Tennessee resident, suffers injuries from a car accident caused by a reckless driver. Having filed a lawsuit, Jon struggles with finances due to medical bills and lost wages. So, he decides to apply for an auto accident loan. He fills out an online application on LawsuitLoans.io. Upon receipt of the application, the company contacts Jon’s law firm to understand the details of his case. Following a comprehensive review, Jon’s application is approved. Jon signs a contract and soon receives the funds he desperately needs, relieving him from financial stress while his case gets resolved.
Get Started
Apply today and get funds in as little as 24 hours!
Roadway Accident Cases we Fund in Tennessee
At LawsuitLoans.io, we fund almost any type of roadway accident in Tennessee. Here are examples of some cases we cover:
- Bicycle Accidents: We provide loans to victims of bicycle accidents while their lawsuit is being settled.
- Car Accidents: If you are involved in a car accident lawsuit, we can fund your case before it resolves.
- Commercial Vehicle Accidents: Commercial vehicle accident lawsuits can take time to settle. We can provide you with the funding you need.
- Government Vehicle Accidents: Lawsuits involving government vehicles may take additional time for resolution. We can help fund you through this process.
- Motorcycle Accidents: Motorcycle accident victims can turn to us for financial support as they pursue their legal claims.
- Pedestrian Accidents: Pedestrians injured in accidents often face long recovery times and expensive medical bills. We can provide funding for these cases.
- Rideshare Accidents: If you’ve been hurt in a rideshare accident, contact us to learn about our lawsuit funding options.
- Semi-Truck Accidents: Accidents involving semi-trucks can lead to severe injuries and lengthy lawsuits. We can help with financial support.
How Much Money Can I Get From my Car 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 illustrate this with an example. Consider a plaintiff from Tennessee who is involved in a car accident case. The estimated value of this case is $50,000. The case is still in progress and will not settle for some time. As a general rule of thumb, medical providers get paid around 1/3 of the settlement, the attorney gets another 1/3 of the settlement. Consequently, the plaintiff would receive around $17,000. We can advance approximately 25% of that amount or $4,250.
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.
Major Cities we Serve in Tennessee
At LawsuitLoans.io, we truly believe access to justice is a universal right—not tied to one’s income or their location. This is why our services in providing pre-settlement funding extend to all corners of Tennessee and even nationwide. Here are the top 10 cities in this glorious state where we frequently serve plaintiffs:
- Nashville
- Memphis
- Knoxville
- Chattanooga
- Clarksville
- Murfreesboro
- Franklin
- Jackson
- Johnson City
- Bartlett
No matter your city—big or small—in Tennessee or anywhere else nationwide, LawsuitLoans.io is committed to providing you with the funds you need while your legal case awaits resolution. For more information or to apply, visit LawsuitLoans.io or call us toll free at (800) 340-4973.
Tennessee Car Accident Funding FAQs
This section will answer frequently asked questions (FAQs) for Tennessee residents who are looking for financial assistance after a car accident:
How much does it cost to get a car accident lawsuit loan?
The cost of a car accident lawsuit loan can vary based on several factors. These include the risk associated with your lawsuit, the expected settlement amount, and the duration of your case. We encourage you to reach out to LawsuitLoans.io for a personalized quote.
Do I qualify for a lawsuit loan on my car accident case?
Eligibility for a lawsuit loan depends on the nature of your case and the expected outcome. If you have a lawyer representing your car accident case and you’re expected to receive a settlement, you may qualify for a lawsuit loan. To determine your eligibility, please complete the LawsuitLoans.io funding application.
Can you get a loan on a car accident settlement?
Yes, you most certainly can apply for a loan on a car accident settlement. This is known as a pre-settlement funding. It provides funds to plaintiffs with personal injury claims while they wait for the case to resolve. For more information about how to apply, visit our application page .
Get up to $500,000 With Rates as Low as 2.5% Simple, Monthly
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 Started
Apply today and get funds in as little as 24 hours!
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.