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.
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.
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 your attorney or law firm.
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
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.
If you have questions or concerns about the funding or repayment process, or for help filling out the application form, please contact our office at (866) 388-2288.