Tennessee lawsuit loans help plaintiffs prior to settlement.
Each year in Tennessee, there are literally thousands of accidents. These include automobile accidents, slip and falls, and accidents which occur on someone else’s property. A large amount of these accidents are caused by another person or party’s negligence.
In Tennessee, and throughout the United States, state and federal laws protect individuals who have been harmed by another in tort. These laws grant the right to seek monetary compensation in the courts. Thousands of Tennessee personal injury lawsuits are filed every year.
The Need for Lawsuit Loans
Accident victims can turn to the legal system to secure just compensation. The problem is that recovery does not happen quickly. Instead, plaintiffs can expect their pursuit of justice to last many months and even years.
The process itself is designed to first ascertain all of the facts and then have them adjudicated. Accordingly, attorneys expend a great deal of time and energy getting the facts. This is a good thing because it promotes fairness in the judicial process. Another problem is that all other participants are doing the same thing. This creates a backlog of cases in the system and only adds to the delay.
Unfortunately, hospital bills and living expenses don’t care how long it takes to get your money. Many plaintiffs are thus forced to accept low-ball settlement offers simply to meet their financial obligations. Fair Rate Funding can help with a Tennessee lawsuit loan.
What is the Purpose of Lawsuit Loans?
The purpose of Tennessee lawsuit loans is to level the financial playing field between financially strong insurance companies and plaintiffs. Many plaintiffs are unable to work due to the circumstances surrounding their cases. Lawsuit settlement loans in Tennessee allow plaintiffs to pay their bills while their attorneys secure the maximum amount of compensation available.
What Exactly is a Lawsuit Loan?
Tennessee lawsuit loans are specialty financial transactions which provide immediate cash to plaintiffs. In return, plaintiffs pledge a portion of the settlement to a funding company. Repayment is determined based upon how long the lawsuit lasts and if damages are recovered.
Are Tennessee Lawsuit Loans Actually Loans?
A traditional loan occurs when a lender gives money to a borrower in anticipation the loan will be repaid with interest. A loan implies repayment at some point in the future. If the borrower fails to repay, the loan defaults and the lender has some recourse against the borrower personally.
Lawsuit loans however, are contingent upon the plaintiff winning the case. If the plaintiff loses, the Tennessee lawsuit loan is not repaid. In this sense, a lawsuit loan is not really a loan at all.
Settlement loans are a sale of property rights in the case’s future proceeds. If the case is lost, there are no proceeds and thus the lawsuit lender purchased something that does not exists. Repayment therefore, is not required.
The bottom line is this: regardless of outcome, the lawsuit funding company CANNOT pursue the plaintiff personally for repayment (unless the application and funding was based on fraud). The sole source of repayment for a Tennessee lawsuit loan is the lawsuit itself.
If You Have Any Questions, Call 888-964-2224
How Do I Qualify for Lawsuit Loans (Lawsuit Funding)
If you have a personal injury lawsuit and have a lawyer representing you on a contingency fee basis, which means the attorney is only paid if you win the lawsuit, you may be eligible for Tennessee lawsuit funding from Fair Rate Funding. If you need cash now while waiting for your case to settle, we can provide Tennessee settlement funding to help you while your case is litigated.
Qualifying for a Tennessee lawsuit loan is easy. If you were injured in Tennessee, through no fault of your own, and have an attorney working on your case, you will likely qualify for a Tennessee accident loan. Fair Rate Funding makes it easy to apply for lawsuit loans for all kinds of cases such as:
- Tennessee personal injury lawsuit loans
- Labor law violations
- Wrongful termination
- Wrongful death lawsuit loans in Tennessee
- Tennessee car accident loans
- Many more
How Do I Apply for Settlement Loans?
To begin, complete the application form or click the “Apply Now” at bottom of this page, and an experienced agent will call you shortly. Or feel free to contact us directly at 888-964-2224 and we will begin working on your case immediately.
We provide settlement funding services for lawsuits in Tennessee and in the following states: Alabama, Alaska, California, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Louisiana, Maine, Massachusetts, Mississippi, Montana, Nebraska, New Hampshire, New Jersey, New Mexico, New York, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Dakota, Illinois, Utah, Vermont, Virginia, Washington, Wisconsin, Wyoming and the District of Columbia.
Thank you for choosing Fair Rate Funding for Tennessee Lawsuit Funding.