At Tribeca Lawsuit Loans, we extend instant pre-settlement funding in the state of Tennessee at competitive interest rates, addressing the needs of those presently engaged in personal injury lawsuits.
Are you looking to borrow funds from your lawsuit? We can advance you anywhere from $500 to $2,000,000 in cash, contingent on the value of your injury lawsuit case. We have received high ratings and positive reviews from previous customers and maintain a widespread presence across Tennessee. We can deliver a cash advance to you in as little as 24 hours! Apply Now!
Our firm’s Lawsuit loans (also recognized as case loans or lawsuit funding) can be employed for any expenditures that surface while the plaintiff’s lawsuit (your lawsuit) is ongoing and before you receive your justified compensation from a triumphant trial verdict or settlement against the defendant. A multitude of clients use the money we are capable of distributing to them for needs such as medical bills, rent or mortgage payments, utility bills, or even everyday necessities like food or transport.
Obtain your funding today! Connect with our approachable and skilled team at (866) 388-2288 or reach out to them using this expedited online form, for any inquiries or worries you have about the pre-settlement funding process. We do not necessitate a credit check or proof of income for our lawsuit settlement loans because there’s no obligation for you to repay Tribeca Lawsuit Loans if your case doesn’t prevail.
Three Steps To Your Cash Advance
Step 1: APPLY for Lawsuit funding in Tennessee now
Submit your application to us for funding. Our lawsuit loan application includes the following process:
- No credit check
- No income verification
- No asset evaluation
- No hidden fees
- No money up-front
Step 2: REVIEW
Our fast and proficient team will review your case. We support many different types of cases including personal injury, car accident, premises negligence, workers’ comp, class action and more.
Step 3: FUNDING
Tribeca Lawsuit Loans sends a contract detailing terms of funding. Cash is distributed quickly and securely.
Tennessee Lawsuit Funding Laws and Regulations
Tennessee’s legislation, particularly the Tennessee Litigation Financing Consumer Protection Act, regulates lawsuit funding in the state. This regulation necessitates that lawsuit loan companies like Tribeca Lawsuit Loans be registered with the state before providing services to Tennessee residents.
Interest Rate Caps and Required Disclosures
Tennessee law imposes a cap on rates and fees that funding companies can charge – no more than $360 per $1,000 advanced annually for up to three years. This effectively translates to a maximum chargeable interest rate of 36% per year. The law also mandates certain disclosures, such as the client’s right to cancellation and the funding company’s non-interference with the lawsuit.
Attorney Involvement and Funding Availability
Attorneys in Tennessee are prohibited from providing loans to their clients but can participate in legal funding agreements. The interest rate cap in Tennessee makes the state less attractive to some lawsuit loan companies, so it’s crucial for residents seeking lawsuit loans to identify a registered provider in the state.
How Pre-settlement funding works
The process of obtaining pre-settlement funding or a lawsuit loan in Tennessee begins with the plaintiff, the individual or entity who is suing another party, known as the defendant. Often, the plaintiff finds themselves in a situation of pressing financial need. For instance, a Nashville resident involved in a personal injury case may need funds for medical expenses and daily living costs while awaiting a settlement or judgment.
The plaintiff initiates the application process with a trusted funding company like Tribeca Lawsuit Loans, detailing their case merits, the lawsuit type – which could be personal injury, workers’ compensation, or a civil rights case, among others – and their legal representation. For example, a plaintiff in Knoxville with a strong workers’ compensation case represented by a reputable law firm may have a better chance of securing a lawsuit loan.
Once the application is submitted, it triggers the approval process. The funding company carries out a risk assessment, evaluating the strength of the case, the potential settlement amount, and the likelihood of a successful outcome. In Tennessee, for instance, the type of lawsuit can significantly impact the eligibility and loan amount, as can the estimated settlement timeline.
Upon approving the application, the funding company determines the loan amount – the sum of money the plaintiff can borrow against their potential settlement. In a hypothetical case in Memphis, if the potential settlement is high and the case merits strong, the plaintiff could be approved for a substantial loan amount.
The approved loan is a non-recourse loan, meaning if the plaintiff loses their case, they are not required to repay the borrowed amount. This characteristic of lawsuit loans introduces considerable risk to the funding company. For instance, if a plaintiff in Chattanooga loses their case, the loan company must absorb the loss.
Terms of the loan, such as the interest rate and repayment terms, are then negotiated. In Tennessee, for example, funding companies may not charge more than 36% per year, including interest and fees. This helps to regulate the total repayment amount.
Once all terms are agreed upon, the funding company advances the loan to the plaintiff. In Tennessee, where many plaintiffs might be facing pressing financial needs, the funding speed – how quickly the funds are disbursed – can often be crucial.
The process doesn’t end here. Once the lawsuit is resolved, and if it results in a settlement, the plaintiff must adhere to the repayment terms, returning the principal loan amount, interest, and any associated fees. For example, a plaintiff in Clarksville who wins a substantial settlement would then repay the loan per the agreed terms.
Throughout this process, there are legal and ethical considerations but regardless the process usually goes smoothly in Tennessee. Some considerations include the implications of borrowing against a future settlement, the potential influence on the litigation process, and the terms of the loan agreement.
In conclusion, obtaining a lawsuit loan in Tennessee is a multifaceted process. It involves the plaintiff, their case, the funding company, and many moving parts, including the application and approval processes, risk assessment, and eventual repayment. It serves as a financial bridge for those in need while they await the resolution of their legal battles.
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.
FAQs
What is the civil lawsuit process typically like in Tennessee?
In Tennessee, the civil lawsuit process begins with the plaintiff filing a complaint against the defendant. The defendant then has 30 days to respond. Discovery, where both parties exchange evidence, follows. If the case isn’t settled, it proceeds to trial. The process can take months to years, depending on the complexity of the case.
Can anyone apply for a lawsuit loan in Tennessee?
Yes, any plaintiff in a legal case can apply for a lawsuit loan in Tennessee. However, approval depends on the merits of the case, potential settlement amount, and other factors. Notably, the funding company must be registered in Tennessee, and the interest rates and fees are capped by state law.