Tennessee (TN) Lawsuit Loans

Updated on 12/17/2021

This article helps plaintiffs and attorneys alike learn more about lawsuit loans and alternatives in Tennessee. Below you will find the following information:

Lawsuit loan alternatives in Tennessee

Lawsuit loans are expensive. Plaintiffs in Tennessee should exhaust all other options before seeking legal funding. Check out the local resources below for some ideas:

  • Tennessee’s Families First Program (TANF) – Families First, the Tennessee Temporary Assistance for Needy Families (TANF) program, offers cash support for families with minor children in addition to job training and workforce placement resources.
  • TN Eviction Resources – eviction resources in Tennessee include contact with legal aid services and both rental and utility assistance programs for families in need.
  • Rental Payment Help and Section 8 Housing – in Tennessee, qualifying individuals can seek affordable housing through homeownership vouchers, rental assistance, and section 8 housing opportunities.

Lawsuit funding laws, regulation and relevant ethics opinions in Tennessee

Tennessee state law regulates lawsuit loans, requiring registration with the state and a cap on interest rates. Attorneys are not allowed to provide loans to their clients, but are allowed to participate in legal funding agreements. Few lawsuit loan companies provide funding in the state due to the cap on interest rates. If you are a TN resident, take care to look for a company that is registered in the state.

Laws regarding lawsuit loans in Tennessee

The Tennessee Litigation Financing Consumer Protection Act requires lawsuit loan companies to register before providing advances to Tennessee residents. The act enforces a rate and fee cap such that funding companies may not charge more than $360 per $1,000 advanced per year for a period of three years. Basically, including interest and fees, companies may not charge more than 36% per year. The act further requires certain disclosures including the consumer’s right to cancellation and the funding companies inability to interfere with the litigation.
Source: Tennessee Litigation Financing Consumer Protection Act

Can a lawyer lend money to a client in Tennessee?

Lawyers in Tennessee cannot give advances to clients. They can, however, advance all costs of litigation until the end. Additionally they can cover the costs of litigation if the client is impoverished.
Source: Tennessee Rules of Professional Conduct Rule 1.8(e)

Lawsuit loan companies serving Tennessee

Recommended lawsuit loan companies funding Tennessee residents

US Claims Logo

US Claims offers some of the lowest, non-compounding rates in the industry. Many companies claim to offer “the lowest rates in the industry” – we recommend comparing them against an offer from US Claims. to see for yourself.

View US Claims’ profile

Thrivest Link Legal Funding Logo

Thrivest Link Legal Funding offers reasonable funding terms often with simple, non-compounding rates. Their expert underwriting allows them to fund larger sums than many of their competitors. They frequently approve claims for funding within 24 hours.

View Thrivest Link Legal Funding’s profile

Lawsuit loan companies located in Tennessee

Compare Lawsuit Loans does not currently cover any local lawsuit lending companies in Tennessee. Local funding companies interested in being included on this page may contact us at [email protected]

Regional pre-settlement funding companies that serve Tennessee residents

  • Ally Lawsuit Loans – Ally Lawsuit Loans is affiliated with or closely related to Nova Legal Funding. They claim to be located in Houston, Texas.
  • Capital Now Funding – Capital Now Funding is a Kentucky-based settlement advance company founded in 2015. They claim to offer a fixed fee model with no interest. They claim that their fees vary from state to state.
  • Cherokee Funding – Georgia-based Cherokee Funding provides pre-settlement and post-settlement plaintiff and attorney funding. They claim to fund almost all types of legal cases, so long as there is solid liability, damages, and a defendant with the ability to pay.
  • Client Legal Funding – Florida-based Client Legal Funding was founded in 2011. They offer pre-settlement funding, post-settlement funding, medical funding and attorney funding services.
  • Glofin Funding – Founded in 2002, Glofin Funding is one of the longest standing providers of personal injury funding in the United States. They serve plaintiffs nationwide with a few exceptions.
  • Momentum Funding – Headquartered in Florida, Momentum Funding focuses on personal injury and workers’ compensation lawsuit advances.

Other pre-settlement lawsuit loan companies serving Tennessee residents