When you are in the middle of a long, drawn-out lawsuit, your bills and expenses often don’t wait for you to get the compensation you need. Luckily, you can get a lawsuit loan, otherwise known as legal funding, to cover these costs while your attorney works toward the settlement arrangement you are owed.
Tribeca provides lawsuit loans to many states, including Tennessee. Don’t wait to reach out if you need money fast to continue fighting for a fair settlement. You can file your application for free and get money in as little as 24 to 48 hours.
Why You Should Get a Tennessee Lawsuit Loan
You may wonder how a lawsuit loan in Tennessee can help you with a personal injury case. There are many benefits to a lawsuit loan, but here are the two main reasons why most injury victims in Tennessee choose to get one.
Avoiding Financial Ruin
After suffering an injury, there’s a high likelihood that you won’t be able to work either permanently or for an extended period of time. When this happens, that doesn’t mean that your financial obligations suddenly take a break. You still have to pay for important bills such as:
- Rent or mortgage payments
- Medical expenses
- Property damages
- Living expenses such as groceries or utilities
Your entire life can get thrown into an economic downward spiral while fighting for a just settlement. By obtaining a lawsuit settlement loan in Tennessee, you can afford to focus on your recovery and winning a settlement for your injury.
Fighting Back Against the Insurance Company
It’s well known that insurance companies will do anything to weasel their way out of paying a fair settlement. One of the tactics they often use is to delay the negotiations process. In doing so, you’re more likely to accept a lowball offer so you can quickly get the money you need. This can be as much as 60-70% LESS than the settlement you deserve!
With a Tennessee lawsuit loan, you can continue to stay in the fight. That way, you don’t have to submit to the terms of an insurance company that’s only trying to protect its bottom line at your expense.
Tennessee Lawsuit Loan Eligibility
It doesn’t matter what type of case you have; determining your eligibility for one of our lawsuit loans in Tennessee is very straightforward. All you have to do is provide the information we request on our online application form. Once submitted, our team will review your application and notify you of your eligibility. Then, you’ll receive the funds you requested.
The only information we need from you includes the following:
- The estimated duration of the lawsuit
- The damages you’ve suffered
- The estimated settlement
- The strength of your case
How Your Loan Amount Is Determined
Our underwriters take all aspects of your case into account when analyzing your application. Since we only provide safe, risk-free non-recourse funding, your personal finances are never a source of repayment and are never part of what determines your amount. That also means NO credit check is required.
Factors that influence how much we can provide include:
- Your expected settlement amount or jury award.
- The total of the damages for which you are suing.
- The expected duration of your lawsuit.
If we need additional information, we will contact you directly or reach out to your legal representation.
Can You Get More than One Lawsuit Loan?
Usually, we try to calculate the best possible amount of pre-settlement funding we can provide you so that you are comfortable financially while your case settles. If something changes and you need additional funding, we may be able to restructure your agreement or approve another loan.
Repaying Your Legal Funding
Repayment is an easy and straightforward process. Once your attorney gets a check for the settlement amount, they will send us a check for the full repayment amount. This includes the amount you borrowed plus simple interest rather than the compound interest many competitors use.
- NO touching your bank account or personal finances
- NO monthly payments to remember
- NO hassle
- NO repayment at all if you lose your lawsuit
Remember, there’s no pressure to repay us if you don’t win your settlement. We don’t want to become another source of financial frustration. Because our Tennessee personal injury lawsuit loans are non-recourse — the only source of repayment is your settlement — we take all the risk in providing you the funds. You can rest easy knowing that you aren’t liable for the money you receive if you can’t pay it back.
Are Lawsuit Loans Legal in Tennessee?
Legal funding is regulated in Tennessee by the Tennessee Litigation Financing Consumer Protection Act. Among its requirements are that:
- Lawsuit lenders must be registered in the state.
- Lawsuit lenders must provide a $50,000 surety bond.
Tribeca is registered and is in good standing within Tennessee. In other words, it’s completely legal for you to get your funding from us. Whether you live in a small town or in some of the major cities like Knoxville, Chattanooga, Nashville, Memphis, or Clarksville, we can serve you. We can also offer settlement loans if you’re litigating an out-of-state case.
Get Your Tennessee Lawsuit Loan Today
Ready to steady your financial ship while waiting for the compensation you deserve? Get pre-settlement funding now by applying with Tribeca Lawsuit Loans. We’ve offered plaintiffs anywhere between $500 and $2 million in legal funding. You shouldn’t have to choose between pursuing justice for yourself and paying the bills, and with us, you won’t have to. If you have questions or concerns about the funding or repayment process or need help filling out the application form, please contact our office at (866) 388-2288.