Tennessee Commercial 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 Commercial Vehicle Accident Loans in Tennessee
Commercial vehicle accident loans, or car accident loans, are a type of financial support particularly meant for those involved in car accidents who are awaiting the settlement of their legal claims. These loans are an advance on the future compensation that a plaintiff is expected to receive from a car accident lawsuit.
One of the key attributes of car accident loans is their non-recourse nature. This characteristic implies that if the plaintiff doesn’t win their case and therefore doesn’t receive their expected compensation, they are under no obligation to pay back the loan. This risk-free feature is what primarily distinguishes these loans from regular ones.
In other words, a car accident loan provides plaintiffs with the needed financial buffer to manage their daily expenses while they await the arrival of their settlement money. It can be used to cover various expenses including medical bills, car repairs, mortgage payments, and living costs.
At LawsuitLoans.io, we specialize in providing these types of loans in Tennessee, ensuring that you are financially stable as your case awaits resolution. Feel free to reach us via our toll-free number (800) 340-4973 or apply for the funding through our website at 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 are prevalent in Tennessee owing to the number of accidents that occur. These loans help victims meet their financial demands while they await the result of their legal claims. Here’s some critical data 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 Commercial Vehicle Accident Loan in Tennessee?
Many wonder what the eligibility criteria for obtaining car accident lawsuit loans are. The great news is the prerequisites may be simpler than expected. In every commercial vehicle accident claim, a high insurance policy or a self-insured entity is always involved. This fact simplifies the eligibility criteria.
So, what do you need to qualify? First and foremost, you must have an attorney working for you on a contingency basis. Secondly, you must be at least 18 years old. By meeting these two basic criteria, you can readily apply for a commercial vehicle accident loan in Tennessee via LawsuitLoans.io.
How Much Money Can I Get From my Commercial Vehicle 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 us give an example. Suppose a plaintiff in Tennessee was involved in a commercial vehicle accident. Let’s say the claim’s estimated value is $500,000. The case is still in progress and won’t settle for some time. Normally, medical providers receive around 1/3 of the settlement. The attorney gets another 1/3 of the settlement. This means the plaintiff would receive about $170,000. With our pre-settlement loan, we could advance approximately 25% of that amount, which equals $42,500.
Get Started
Apply today and get funds in as little as 24 hours!
What Types of Commercial Vehicles are Frequently Involved in Cases we Fund in Tennessee?
In Tennessee, various types of commercial vehicles ply the roads. Among these, some feature more often in the cases we fund. Yet, it’s important to remember: LawsuitLoans.io funds car accident claims involving any kind of vehicle, whether for private or commercial use.
Semi-Trucks
These large trucks are a common sight on Tennessee highways. Due to their size and weight, accidents involving semi-trucks can lead to serious injuries.
Delivery Vans
Delivery vans are another common commercial vehicle. Because they are often navigating busy city streets, accidents can occur, leading to lawsuits.
Taxis
Taxis, used throughout cities in Tennessee, can get involved in accidents due to heavy traffic and fast-paced city life.
Buses
We also see cases involving bus accidents. Whether it’s city buses, tour buses, or school buses, collisions involving these large vehicles can cause significant damage and injury.
Remember, at LawsuitLoans.io, it doesn’t matter what type of vehicle is involved in your accident case. What matters is you getting the legal funding you need as you await resolution of your claim. To apply, visit our funding application page today or call us toll-free at (800) 340-4973.Roadway Accident Cases we Fund in Tennessee
At LawsuitLoans.io, we lend financial support to almost any type of roadway accident case in Tennessee. This includes, but is not limited to:
- Bicycle Accident Loans: Funding for individuals involved in bicycle accidents while their legal case is resolved.
- Car Accident Loans: Loans for victims of car accidents seeking settlement payouts.
- Commercial Vehicle Accident Loans: Financial relief for plaintiffs in legal cases involving commercial vehicles.
- Semi Truck Accident Loans: Loans for those injured in semi-truck accidents who are pursuing legal claims.
- Government Vehicle Accident Loans: Funding for lawsuits involving government vehicles.
- Motorcycle Accident Loans: Pre-settlement loans for motorcycle accident victims.
- Pedestrian Accident Loans: Funding for legal cases involving pedestrian accidents.
- Rideshare Accident Loans: Loans for victims of accidents involving rideshare vehicles, such as Uber or Lyft.
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.