Knoxville, Tennessee Lawsuit Loans
- Get Cash As Soon As Today
- Rates As Low As 2.5% Simple, Monthly
- Repay $0 If You Lose
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What Are Lawsuit Loans in Knoxville, Tennessee
Lawsuit loans are a unique kind of financial aid for people who have been injured due to someone else’s negligence or wrongdoing. These are not traditional loans. Rather, they are non-recourse advances on a plaintiff’s future legal settlement. This means that if you lose your case, you owe nothing.
At LawsuitLoans.io, we provide funds to plaintiffs with personal injury and other legal claims throughout Tennessee as they wait for their case to resolve. You can learn more about our statewide services on our main Tennessee Lawsuit Loans page.
To better understand lawsuit loans, consider the story of Henry. Henry is a resident of Knoxville, Tennessee who was involved in a car accident. Due to the accident, he sustained severe injuries that have prevented him from working. The financial strain started to mount as Henry waits for his legal case to resolve. That’s when he found out about lawsuit loans.
Henry applied for a lawsuit loan through LawsuitLoans.io to help him cover his living expenses until his case settles. After reviewing his case details and speaking with his attorney, LawsuitLoans.io agreed to provide Henry with a cash advance against his potential settlement. Now, Henry can focus on his recovery without worrying about financial pressure.
A lawsuit loan in Knoxville, like the one Henry got, provides a lifeline to plaintiffs who need immediate financial relief while their legal case is being resolved. So, if you find yourself in a similar situation to Henry, consider the benefits of a lawsuit loan.
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.
Important Tennessee Lawsuit Loan Information
Here is some important information about lawsuit loans in Tennessee. It includes data such as the average loan amount provided by LawsuitLoans.io, the highest loan we have ever provided, and how often these loans need to be repaid. We’ve also included key legal statistics and links for you to learn more.
|Average loan amount by LawsuitLoans.io in Tennessee||$13,209.40|
|Largest loan by LawsuitLoans.io in Tennessee||$20,022.40|
|Average semi-annual 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.|
|Nashville population, 2020||190,740|
Get up to $500,000 with rates as low as 2.5% simple, monthly
Common Case Types We Fund in Knoxville
At LawsuitLoans.io, we provide funding for a variety of legal cases to support plaintiffs in their pursuit for justice. Here are some common case types we fund in Knoxville:
Auto and Other Roadway Accidents
These cases typically involve injuries from car, truck, and motorcycle accidents. Roadway accidents often result from negligent or reckless behaviors such as speeding, distracted driving, or driving under the influence.
In these cases, the owner fails to maintain safe conditions on their property, leading to accidents and injuries. This could be due to poor lighting, inadequate security, or unsafe structures.
Medical malpractice claims stem from negligence or wrongdoings by healthcare professionals. This includes misdiagnosis, surgical errors, prescribing the wrong medication, and more.
Labor Law Claims
These cases revolve around the violation of labor laws, such as non-payment of wages, unfair treatment, unsafe workplace conditions, or wrongful termination.
Employment claims usually involve issues like discrimination, harassment, or retaliation in the workplace.
Other Personal Injury Claims
We also fund diverse personal injury cases. These can include slips and falls, product liability claims, dog bites, or anything else resulting in injury due to another party’s negligence.
Get an Instant Quote
Input your requested funding amount and the time your case may take to settle here to see your savings and cost when you choose LawsuitLoans.io. While we sometimes offer interest rates as low as 2.5%, our calculator assumes an interest rate of 2.9%. This calculator is illustrative – please contact us for an instant, written quote for your request.
Months Until Settlement:
Pay as little as $2,631 on a lawsuit loan of $10,000 if your case settles within 6 months of your advance.
Save as much as $1,697 on a lawsuit loan of $10,000 if your case settles within 6 months of your advance.
Save as much as 39% on a lawsuit loan of $10,000 if your case settles within 6 months of your advance.
Am I Eligible for a Lawsuit Loan in Knoxville?
If you’re considering lawsuit loans, you may be wondering if you qualify. The basic eligibility criteria are rather straightforward. LawsuitLoans.io provides funding to plaintiffs with legal claims against an insurance company, a self-insured corporation or any large public entity.
You must be represented by an attorney to qualify. We view this as essential because an attorney understands the complicated world of law and can help guide you through your lawsuit. It also signals to us that you have a significant claim with strong potential for a favorable outcome. Your attorney will help us understand the details and strength of your case, which is key for your loan approval.
Lastly, you need to be at least 18 years old. Lawsuit loans are financial agreements, and thus as per the law, you must be of legal age to enter such an agreement. If you meet these criteria, we invite you to apply for a loan through our website LawsuitLoans.io funding application or call us directly at (866) 594-1343.
Apply today and get funds as soon as the same day you apply!
Our Knoxville Lawsuit Loan Process
At LawsuitLoans.io, our process for securing a lawsuit loan is simple and efficient. It consists of five easy steps to ensure that we provide you with the necessary funds as quickly as possible while you wait for your case to resolve. The main steps to receive your lawsuit loan in Knoxville are:\
- Apply online at our funding application page.
- We make contact with your law firm to gather needed details about your case.
- Our team reviews your case thoroughly to determine if you are eligible for a pre-settlement funding.
- If approved, you will be required to sign a contract agreeing to the terms of the lawsuit loan.
- After signing the contract, we transfer the agreed-upon funds to you promptly.
Let’s clarify this process with a practical example. Let’s say you have launched a personal injury lawsuit in Knoxville but need funds to cover living expenses while awaiting the resolution of your case. You would first complete the online application on our website. Once you submit the application, we then reach out to your law firm to get specific information about your case. This allows us to understand the underlying aspects of your situation. After reviewing this information, we decide whether or not to approve your lawsuit loan request. If approved, we send you a contract outlining the details of the loan. Once you’ve signed the contract, the funds get transferred to you as soon as possible.
How Much Money Can I Get From my Lawsuit Loan?
Lawsuit loans from LawsuitLoans.io can range from $500 to over $1,000,000. The amount you can get depends on your expected settlement amount. If your case is still in progress, we can provide up to 25% of your predicted share of the lawsuit’s overall settlement. But, if your case has already been settled, we’re able to offer 50% of your projected share.
Let’s assume you’re a plaintiff from Knoxville involved in a car accident lawsuit valued at around $100,000. It might happen that the case won’t be getting resolved any time soon. In such cases, after settling medical bills and attorney fees, you’re likely to receive around $35,000. Considering this scenario, LawsuitLoans.io can help you by advancing about 25% of your expected amount. This equates to approximately $8,250 that you can use to deal with financial hardships while waiting for the case outcome.
Get $500 – $100,000 as soon as today
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 day you apply with us.
How quickly can I get a pre-settlement lawsuit loan in Knoxville?
If you are a plaintiff involved in a legal claim in Knoxville, you may need financial support during your waiting period. But how quick can the funds come into your hands? You’ll be relieved to hear that with LawsuitLoans.io, your wait can be over surprisingly fast.
Once you submit your application, LawsuitLoans.io gets to work immediately. Our team conducts a timely review of your case, aiming to make a decision within 24 hours. After approval, the funds are promptly delivered to aid your financial situation.
For instance, if you’ve suffered a personal injury and submitted an application on Tuesday afternoon, our team would strive to have a decision ready and funds dispatched by Wednesday afternoon. Similarly, if you submitted an application for a more complex matter like medical malpractice on a Friday, expect to hear from us with an approval decision and possibly funds in your account by Monday.
This swiftness is part of our commitment to helping ease the financial burden for plaintiffs like you. At LawsuitLoans.io, we understand the pressures that come with legal cases and strive to provide quick, reliable pre-settlement funding.
Pros and Cons of Pre-Settlement Funding in Knoxville, Tennessee
When it comes to pre-settlement funding there are both benefits and disadvantages you should consider. This form of financial support can provide a much-needed lifeline for individuals involved in legal disputes. However, it’s not a solution free of challenges and costs.
Benefits of Pre-settlement Funding
- Financial Relief: One of the most significant benefits of pre-settlement funding is the financial relief it provides. This kind of funding can offer ease from financial pressures that may build up during a lawsuit.
- Early Access to Funds: The ability to access your settlement funds before a court decision or settlement agreement has been reached allows you to manage immediate needs. This early access to funds can be a game-changer, especially when facing long legal proceedings.
- Avoiding Early Settlement Pressure: Litigation takes time, and financial stress can often force a plaintiff into accepting a quick, low offer. Pre-settlement funding helps avoid this pressure by providing you with financial buffer while your case runs its course.
- Non-recourse Nature: Lawsuit loans are non-recourse, meaning if your case doesn’t conclude in your favor, you have no obligation to repay the loan.
Costs or Downsides of Pre-settlement Funding
- High Interest Rates: It’s important to consider that pre-settlement funding can come with relatively high interest rates, increasing the overall amount you need to repay.
- Lack of Regulation: The pre-settlement funding industry is generally unregulated or under-regulated, which can sometimes lead to unfavorable terms or practices.
- Need for a Well-Developed Case: This type of funding generally requires that you have a well-developed case and an attorney working on a contingency basis. If these criteria are not met, securing pre-settlement funding may prove difficult.
Get up to $500,000 with rates as low as 2.5% simple, monthly
Knoxville Pre-Settlement Funding FAQs
We’ve got answers to some common questions you might have about pre-settlement funding in Knoxville:
How much does it get a lawsuit loan?
The cost of your lawsuit loan can depend on various factors like the amount of the loan you need and the expected duration of your legal case. Fees and interest rates are often determined on a case-by-case basis. But don’t worry, at LawsuitLoans.io, we aim to offer fair and affordable rates.
Do I qualify for a lawsuit loan?
Eligibility for a lawsuit loan typically depends on the merits of your legal case. If you have a strong case that is likely to result in a settlement or judgement in your favor, chances are you would be considered for a lawsuit loan.
If you have bad credit, can you get pre-settlement funding in Tennessee?
Yes. At LawsuitLoans.io, we understand that everyone’s situation is different. We focus on the strength of your case, not your credit score. So even if you have a low credit rating, you can still apply for a lawsuit loan with us.
Apply today and get funds as soon as the same day you apply!
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.