Tennessee Lawsuit Loans

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:

1. Free Consultation. We offer a free, no-obligation consultation to discuss your case and assess your eligibility for a lawsuit loan.
2. 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.
3. 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.
4. 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.
5. Use as Needed. The funds are yours to use as needed, whether it’s covering medical bills, living expenses, or other financial obligations.
6. 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.

1. 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.
2. 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.

Comparative Negligence

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.

Damages Cap

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.