A serious injury sets you back considerably, and perhaps permanently. As you try to adjust to your new situation, you face more than a long recuperation. Medical bills are piling up, and you worry about paying ordinary living expenses such as rent, utilities, and food.
While you have a personal injury lawsuit filed against the party at fault for your injury, it can take a long time for these cases to settle. Insurance companies take advantage of this fact because they know that the longer plaintiffs must wait for their money, the more likely they are to settle for a lesser amount out of desperation.
Tennessee pre-settlement funding can help you get through this period.
Is Pre-Settlement Funding Considered a Loan?
No, pre-settlement funding is not a loan. While we occasionally use the term “lawsuit loan”—since it’s a common search phrase—what we offer is technically different.
Pre-settlement funding is a non-recourse cash advance provided in exchange for a portion of your potential future settlement. Unlike a traditional loan, you are not required to repay the advance if you lose your case. In essence, we assume the risk. You receive funds upfront, and if your case is successful, we collect an agreed-upon share of your settlement.
There is no effect on your credit score. Use your pre-settlement funding in Tennessee to pay your bills or for any purpose you like. There are no restrictions on fund use. The funding is repaid when you receive your settlement money.
How Pre-Settlement Funding Works in Tennessee
Pre-settlement funding in Tennessee is non-recourse. That means that if you do not obtain a settlement or if the jury does not find in your favor, you do not have to repay the money. That is a risk the lender takes.
Your attorney must agree to work with us in order to qualify for pre-settlement funding. It is critical that lenders can determine the strength of your case before coming to a decision.
Cities We Serve in Tennessee
Mustang Funding offers pre-settlement funding to plaintiffs across the state of Tennessee. Whether you live in a large city, a mid-sized town, or a smaller community, we’re here to provide quick, non-recourse legal funding while your personal injury case is pending. We serve clients in:
- Nashville
- Memphis
- Knoxville
- Chattanooga
- Clarksville
- Murfreesboro
- Franklin
- Jackson
- Johnson City
- Bartlett
- Hendersonville
- Kingsport
- Smyrna
- Collierville
- Cleveland
If your city isn’t listed, don’t worry, we provide pre-settlement funding statewide in Tennessee. No matter where you’re located, our team will work directly with your attorney to review your case and help you secure the financial support you need, often within 24 to 48 hours of approval.
How Legal Funding in Tennessee Works
Lawsuits can take months—or longer—to resolve, leaving plaintiffs in a holding pattern while financial pressure continues to build. Plaintiffs in Tennessee who are struggling to keep up with everyday expenses as their case slowly makes its way through the courts may apply for legal funding to help them get through the waiting period.
Tennessee is among a limited number of states that have adopted statutory laws governing legal funding. These rules shape how funding agreements are written and what protections are available to plaintiffs who choose to apply.
What Makes Tennessee Different
Tennessee has a statute called the Tennessee Litigation Financing Consumer Protection Act, which outlines the basic requirements for litigation financing agreements. This law helps ensure that funding companies provide clear terms and certain consumer protections.
Here’s what that means in practical terms for someone waiting on a settlement in Tennessee:
- Written agreements with clear terms.
Tennessee law requires that a litigation funding agreement be in writing, with all terms filled in, so you know up front what the arrangement contains.
- Right to cancel.
The statute includes a five-business-day right of rescission—meaning you can cancel the agreement without penalty within five days after receiving the funds or signing the contract.
- Attorney acknowledgments.
If you are represented by an attorney, the contract must include a written acknowledgment from your attorney that they have reviewed the agreement and understand the terms.
- Disclosure of liens.
If settlement proceeds are paid into a trust or settlement fund, the funding company must notify the administrator of outstanding liens arising from the agreement.
- Protected attorney independence.
Agreements must reflect that your attorney’s decisions and legal strategy are not controlled by the funding provider.
These statutory requirements are meant to ensure that funding agreements in Tennessee are transparent and that plaintiffs understand the terms before signing.
How Tennessee Is Similar to Most Other States
Regardless of the state statute, the overall approach to presettlement funding in TN remains consistent with states that rely on basic contract principles. Applications are case-focused, attorney-supported, and tied to the outcome of the lawsuit.
- Attorneys remain closely involved, helping confirm case status and key details during the review process.
- Funding decisions center on the merits of the claim, including liability, damages, and potential recovery.
- No payments are required while the case is ongoing, easing financial pressure during litigation.
- Repayment is outcome-based, meaning it applies only if the case results in compensation.
Eligibility & Underwriting for Tennessee Legal Funding
Approval for legal funding in Tennessee is guided by the strength of your claim and the likelihood of recovery—not your credit score, income, or employment status.
What Funding Companies Look For
When assessing Tennessee cases, funding providers typically consider:
- Whether you are the plaintiff in an active lawsuit or insurance claim
- Whether you are represented by an attorney
- The strength of liability and damages evidence
- Whether there is insurance coverage or a defendant with the ability to pay
- The expected timeline for resolution
Tennessee-Specific Considerations
Because of the statute governing litigation financing contracts, the review process places added emphasis on the following:
- More detailed paperwork.
Funding agreements may include additional written disclosures and a short review period, which can add a brief step before funds are finalized.
- Attorney acknowledgment.
When you are represented by an attorney, your lawyer may be asked to acknowledge the funding agreement as part of the process.
These steps are intended to promote clarity and consumer protection and typically do not prevent eligible plaintiffs from receiving funding.
Common Types of Cases in Tennessee That May Qualify for Legal Funding
Legal funding in Tennessee is available across a broad range of civil claims. What matters most is whether the case has liability, measurable damages, and a reasonable path to recovery.
Many Tennessee plaintiffs seek funding for:
- Car and truck crashes, including commercial vehicle accidents
- Pedestrian injury claims
- Motorcycle collision cases
- Falls caused by unsafe or poorly maintained property
- Dog bites and other animal-related injuries
More Serious or Complex Matters
Legal funding may also be considered in higher-stakes cases, including:
- Severe injury claims involving surgery, permanent impairment, or extended medical care
- Wrongful death lawsuits
- Medical malpractice or medical negligence cases
- Product liability actions
- Mass tort litigation
Other Civil Claims That May Be Eligible
Depending on the facts, funding may also be considered for:
- Employment discrimination and retaliation claims
- Wage and hour disputes
- Third-party liability claims arising from workplace injuries
- Civil rights and catastrophic injury actions
What Makes a Case More Likely to Qualify for Legal Funding in Tennessee
Across all case types, approval is stronger when there is:
- Clear evidence of fault or liability
- Documented medical treatment and damages
- Confirmed insurance coverage or a defendant with the ability to pay
- A reasonable timeline for resolving the case
Learn More About Pre-Settlement Funding in Tennessee
If you would like to know more about pre-settlement funding in Tennessee and how it can help you, contact Mustang Funding today. If approved, you may receive your funding in as little as 24 hours. We serve Nashville, Memphis, Knoxville, Chattanooga, and other areas of Tennessee.
