Yes, you can get a lawsuit loan in Tennessee. These financial instruments are designed to assist plaintiffs who are in the midst of legal battles by providing them with the funds they need to cover expenses while awaiting the resolution of their cases.
Are you facing the financial strain of a pending lawsuit in Tennessee? Whether you’re dealing with personal injury, medical malpractice, or any other legal claim, lawsuit loans can be a lifeline, offering you the financial support necessary to navigate your legal journey with confidence.
At Mayfair Legal Funding, we’ve streamlined the lawsuit loan process to make it easy and accessible for plaintiffs in Tennessee. Here’s what you can expect when you choose us for your lawsuit funding needs:
- Free Consultation. We offer a free, no-obligation consultation to discuss your case and assess your eligibility for a lawsuit loan.
- Application. Our straightforward application process involves providing basic information about your case and financial needs. We keep the paperwork to the minimum, making it as hassle-free as possible.
- Evaluation. Our experienced team will review the details of your case to determine its strength and potential for success. Unlike traditional loans, your credit history and employment status are not the primary factors in our evaluation.
- Approval. Once approved, you’ll receive the funds you need promptly. We understand the urgency of your financial situation and work diligently to provide quick access to your lawsuit loan.
- Use as Needed. The funds are yours to use as needed, whether it’s covering medical bills, living expenses, or other financial obligations.
- Repayment Only If You Win. One of the most significant advantages of our lawsuit loans is that repayment is contingent upon the successful resolution of your case.
If you win, the loan amount, along with agreed-upon fees and interest, is repaid from the settlement or judgment amount. If you don’t win, you owe us nothing.
- Transparent Terms. We pride ourselves on transparent and fair lending practices. Our team will explain all terms and conditions, ensuring you have a clear understanding of your agreement.
- No Monthly Payments. With a lawsuit loan from us, you won’t have to worry about monthly payments. Repayment occurs only when your case reaches a successful conclusion.
Our goal is to provide plaintiffs in Tennessee with a straightforward and stress-free way to access the financial support they need during their legal battles. With Mayfair Legal Funding, you can focus on pursuing justice while we take care of your immediate financial needs.
At Mayfair Legal Funding, we believe in giving you the flexibility to use your cash advance for your specific needs. Whether you’re awaiting a settlement or navigating a legal case, our funds are designed to help you cover a range of everyday expenses:
– Medical Bills
– Living Expenses
– Rent or Mortgage Payments
– Car Repairs
– Utility Bills
Understanding Tennessee’s personal injury laws is essential for anyone considering pre-settlement funding in the state. Below is a brief overview of its key legal aspects that can impact the process:
Tennessee Statute of Limitations
Tennessee enforces a one-year statute of limitations for personal injury lawsuits. This means that if you’ve suffered harm due to someone else’s negligence or intentional actions, you must file a lawsuit within one year from the date of the incident.
Failing to adhere to this deadline often results in the court dismissing your case, leaving you without a legal remedy. It’s essential to be aware that Tennessee’s one-year limit is relatively short compared to other states.
Extensions to Statute of Limitations
There are some exceptional circumstances where the statute of limitations can be extended in Tennessee. For instance, if the injured person was under 18 or declared legally incompetent, they may have an additional year to file a personal injury lawsuit once they turn 18 or regain competence.
If the responsible party departs the state before a lawsuit can be filed, the time during their absence typically doesn’t count against the one-year period. In cases involving criminal charges against the at-fault party, such as assault incidents, the personal injury lawsuit filing deadline may be extended for up to two years.
Tennessee follows a “modified comparative negligence” rule when determining personal injury claims where the injured party shares some degree of fault for the incident that caused their injuries.
If you are found to be less than 50% at fault, you can still recover damages from other at-fault parties, but your award will be reduced by your percentage of fault. If your fault is assessed at 50% or more, you are barred from receiving court-ordered compensation from other parties.
Car Accident Legislation
Tennessee operates under a “fault” system regarding car accidents. This means that the party at fault for the accident is responsible for covering the damages. Understanding this legal framework is crucial when assessing the merits of a personal injury case and its potential for a successful outcome.
In Tennessee, there is a cap on non-economic damages in most personal injury cases, which is set at $750,000. Non-economic damages cover things like pain and suffering resulting from the injury. However, this cap increases to $1 million in cases involving catastrophic injuries or the wrongful death of a parent with surviving minor children.
Catastrophic injuries are defined as those resulting in specific severe conditions, such as spinal cord injury leading to paraplegia or quadriplegia, loss of multiple limbs, or severe burns over a significant portion of the body.
Other Injury Laws
Tennessee has various laws and regulations governing personal injury cases, including those related to premises liability, medical malpractice, and product liability. These laws can significantly impact the outcome of a case and, consequently, the lending policies of pre-settlement funding companies.
It’s important to note that while pre-settlement funding can provide financial relief to plaintiffs during the legal process, it’s not a guarantee of success in the case. Plaintiffs should consult with legal professionals to fully understand how Tennessee’s personal injury laws may affect their specific circumstances and their eligibility for funding.
Lawsuit loans, often referred to as pre-settlement funding, provide financial relief to individuals involved in legal disputes. These loans serve as a valuable resource, offering financial support to plaintiffs during the often lengthy and challenging legal process.
At their core, lawsuit loans are non-recourse advances made to plaintiffs awaiting the outcome of their legal cases. Unlike traditional loans, they are not repaid through regular monthly installments. Instead, repayment is contingent on the successful resolution of the lawsuit. If the case is won, the loan amount, along with agreed-upon fees and interest, is repaid from the settlement or judgment amount.
These loans can be a lifeline for plaintiffs, helping them cover various expenses such as medical bills, living costs, and other fees while their cases progress. It’s important to note that lawsuit loans are not based on credit history or employment status but rather on the strength and potential settlement of the case. These loans are designed to provide a financial safety net, allowing plaintiffs to pursue their cases without the added burden of financial stress.
At Mayfair Legal Funding, we are dedicated to supporting individuals facing legal hurdles in Tennessee’s prominent metropolitan areas. Our pre-settlement funding services are readily available in the following cities throughout the state:
- Johnson City
- Spring Hill
- La Vergne
At Mayfair Legal Funding, we understand that individuals facing personal injury cases often require financial support during their legal journey. We offer pre-settlement funding for various types of personal injury cases, helping plaintiffs access the funds they need to cover expenses while awaiting the resolution of their claims:
– Premises Liability
In Tennessee, the state imposes regulations on lawsuit loans, necessitating registration with the authorities and capping interest rates. While attorneys are prohibited from extending loans to their clients, they can engage in legal funding arrangements.
The act enforces a cap on rates and fees, restricting funding companies from charging more than $360 per $1,000 advanced annually for a maximum period of three years. Essentially, with interest and fees combined, companies cannot exceed an annual rate of 36%.
The act also mandates specific disclosures, including the consumer’s right to cancel and the prohibition of funding companies from interfering with the litigation.
It’s important to note that while these laws and regulations provide essential protections, they can evolve over time. Therefore, it’s advisable to consult with a knowledgeable attorney or a reputable lawsuit funding company to ensure compliance with the most current legal requirements in Tennessee.
Take Control of Your Legal Funding Needs with Mayfair Legal Funding
If you’re facing the challenges of a lawsuit in Tennessee, Mayfair Legal Funding is here to provide the financial support you need to navigate the legal process with confidence. Our team understands the complexities of legal battles and the financial strain they can impose on individuals.
1. John Drake, Drake & Barrier Law Firm
421 W College St.
Murfreesboro, TN 37130
2. T. Scott Jones, Banks & Jones, Attorneys at Law
2125 Middlebrook Pike
Knoxville, Tennessee 37921
3. Mark McDaniel, The McDaniel Law Firm
243 Exchange Avenue
Memphis, TN, 38105
4. Marcos Garza, Garza Law Firm
550 W. Main Street Suite 340
Knoxville, TN 37902
Securing a skilled, seasoned, and licensed injury attorney in Tennessee is crucial when pursuing a personal injury claim. Here’s why:
- Legal Proficiency. Navigating the intricacies of personal injury law, which can differ from state to state, demands a nuanced understanding. A proficient attorney comprehends these complexities and can adeptly maneuver the legal terrain.
- Case Assessment. An adept attorney can evaluate the merits of your case, identifying pivotal aspects that can bolster your chances of success. They can provide you guidance on whether to seek a settlement or proceed to trial.
- Negotiation Expertise. Insurance companies often aim to settle for less than what is truly deserved. An attorney adept in negotiation can advocate on your behalf, ensuring fair recompense for your injuries and damages.
- Courtroom Advocacy. If an equitable settlement proves elusive, your attorney will champion your cause in court, presenting a compelling argument to a judge and jury. Their courtroom prowess is instrumental in securing a favorable judgment.
- Peace of Mind. Entrusting your case to a seasoned attorney allows you to prioritize your recovery and well-being, secure in the knowledge that legal complexities are being handled competently.
Ultimately, enlisting a competent personal injury attorney in Tennessee can significantly influence the outcome of your claim. They serve as your champion, committed to obtaining rightful compensation for your injuries and associated expenses.
Annually, Tennessee grapples with traffic accidents that lead to a range of consequences, encompassing fatalities, injuries, and property damage.
In this report, we provide the latest auto accident statistics for the state, sourced from the recent Crash Data report published by the Tennessee Department of Safety & Homeland Security, covering the timeframe spanning 2018 to 2022. These statistics offer valuable perspectives on the evolving state of road safety in Tennessee:
It is imperative to bear in mind that ensuring road safety is a collective endeavor, and having a grasp of these statistics can play a pivotal role in endeavors to diminish accidents and their resultant impacts. By staying well-informed and advocating for safe driving behaviors, we can collaborate to enhance the safety of Tennessee’s roadways for everyone.
Contact us today at (888) 357-1338 to explore your options for lawsuit funding in Tennessee. With us, you can access the resources to cover your immediate expenses, giving you the time and peace of mind to pursue a fair resolution to your case. Let us be your partner in achieving the justice and compensation that you deserve.