It’s no secret in the insurance industry that insurance companies have long relied on delay tactics when it comes to customer settlements over injury claim payments. These blatant tactics are being used by large insurance companies to manipulate consumers by forcing them to settle for far less than a fair market value for their injury claims. This adds billions of dollars to the deep pockets of the insurance industry, while only exacerbating financial hardships of the hard-working consumer.
The good news for consumers in Tennessee is that there is an alternative to these delay tactics, consumer legal funding. Ever since consumer legal funding began offering its services in Tennessee, it has helped thousands of consumers bridge the gap between greedy, absent insurance companies, and their mounting personal expenses.
Unfortunately for consumers, the large pocketed insurance companies along with their multi-million dollar advocacy group from Washington D.C., The U.S. Chamber of Commerce, have been peddling misguided legislation that would erase the consumer legal funding industry from existence in Tennessee. Even more disturbing, is how some in the Tennessee legislator have been coerced into thinking the elimination of the consumer legal funding industry is in the state’s best interest.
This has the potential to be catastrophic news for the many working class citizens of Tennessee who rely on consumer legal funding to help them through tough financial times, especially after enduring an automobile accident, often an accident that is at no fault of their own. These accidents often leave hard-working consumers injured, unable to work and without a paycheck.
It is citizens like Carla from Hermitage, Tennessee who needed a financial boost after her automobile accident who wouldn’t have a place to turn if consumer legal funding was eliminated. “I used [Consumer legal funding] to pay for rent and utilities while I was injured and unable to work”
Or Pamela from Columbia, Tennessee who was involved in an accident, struggled to settle her claim with the insurance company, but found a legal funding company to help. I was out of work and needed to have surgery. The funds provided by a [Consumer legal funding] company helped me pay my bills until I could get back to work.”
It is through the thousands of similar stories to Carla’s and Pamela’s that one begins to realize the importance Consumer legal funding provides to so many working class folks in Tennessee. To eliminate consumer legal funding in Tennessee would be a terrible disservice to people like Carla and Pamela, and to all the consumers who rely on the important services consumer legal funding provides.