At Tribeca Lawsuit Loans, we offer immediate pre-settlement funding in the state of Hawaii at competitive interest rates to meet the needs of those currently in personal injury lawsuits.
Key Takeaways
- Offers pre-settlement funding from $500 to $2,000,000 for personal injury lawsuits in Hawaii, with a simple, no-credit-check application process.
- Adheres to Hawaii’s Modified Comparative Fault 51% Bar and a 2-year statute of limitations for personal injury claims, influencing compensation and loan amounts.
- Available for various cases like personal injury and car accidents, requiring plaintiffs to be in ongoing lawsuits with legal representation.
- Provides non-recourse loans, repayable only if the plaintiff wins, ensuring financial security during legal proceedings.
Are you considering borrowing money from your lawsuit? We can advance you anywhere between $500 to $2,000,000 in cash, depending on the value of your injury lawsuit case. With high ratings and positive reviews from past customers, our extensive presence is felt throughout Hawaii. We can provide you with a cash advance in as little as 24 hours! Apply Today!
Our company’s lawsuit loans (also known as case loans or lawsuit funding) can be used for any expenses that arise while your lawsuit is pending and before you receive your rightful compensation from a winning trial verdict or settlement against the defendant. Many clients use the funds we disburse for medical bills, rent or mortgage payments, utility bills, or even daily expenses like food or transportation.
Get funding today! Reach out to our friendly and experienced team at (866) 388-2288 or contact them using this quick online form, with any questions or concerns you have about the pre-settlement funding process. You won’t need a credit check, down payment, or proof of income for our lawsuit settlement loans because you don’t have to pay Tribeca Lawsuit Loans back if you lose your case.
Three Steps To Your Cash Advance
Step 1: APPLY for Lawsuit funding in Hawaii now
Submit your application to us for funding. Our lawsuit loan application includes:
- No credit check
- No income verification
- No asset evaluation
- No hidden fees
Step 2: REVIEW
Our fast and proficient team will review your case. We support many different types of cases including personal injury, car accident, premises negligence, workers’ comp, class action and more.
Step 3: FUNDING
Tribeca Lawsuit Loans sends a contract detailing terms of funding. Cash is distributed quickly and securely.
What is a Hawaii Lawsuit Loan?
A lawsuit loan, also known as a settlement loan or pre-settlement funding, is a financial lifeline for plaintiffs in the midst of legal battles in Hawaii. It provides an advance on future compensation, allowing individuals to meet their current financial obligations while waiting for a settlement.
This type of loan uses the pending lawsuit settlement as collateral, making it a non-recourse loan—meaning if the plaintiff doesn’t win the case, they owe nothing. Lawsuit loans are particularly beneficial in countering the delay tactics used by defense teams, aiming to pressure plaintiffs into accepting lower settlements due to financial distress.
Qualifying for a lawsuit loan involves an evaluation of the case’s strength, potential damages, and the anticipated settlement amount. It requires no income verification, employment information, assets evaluation, or credit check, ensuring the plaintiff’s financial security isn’t at risk.
With interest rates clearly outlined and not compounding, lawsuit loans offer a strategic advantage, enabling plaintiffs to pursue justice without financial hardship. For Hawaii residents facing lengthy legal disputes, such loans not only help cover immediate expenses but also support achieving a more favorable settlement outcome.
Specific Laws and Regulations regarding Lawsuit Funding in Hawaii
Lawsuit Funding Regulations with Tribeca Lawsuit Loans
Tribeca Lawsuit Loans offers funding from $500 up to $2,500,000 per case in Hawaii, based on the case value.
Legal Parameters for Lawsuit Funding
Hawaii operates under the Modified Comparative Fault 51% Bar. This means plaintiffs can recover damages as long as their fault is not greater than the combined defendants’ fault, subtracting their own fault proportionally. However, if a plaintiff’s fault exceeds 50%, they cannot receive any damages (Haw. Rev. Stat. § 663-31).
The statute of limitations for filing a personal injury claim in Hawaii is 2 years (Rev. Stat. Sec. 657.7). This applies to claims against individuals, city, county, or state government agencies. Failure to file within this period may void your right to compensation.
Restrictions and Special Laws for Lawsuit Funding
Companies cannot fund workers’ compensation cases in Hawaii. Also, if you have previously applied for funding elsewhere, a lien must be filed and paid off before Tribeca Lawsuit Loans can provide support.
Hawaii has a cap on non-economic damages (like pain and suffering) in medical malpractice lawsuits. The maximum compensation is $375,000, with some exceptions for cases involving mental anguish.
Dog owners in Hawaii are strictly liable for injuries caused by their pets, regardless of previous behavior, as per Haw. Rev. Stat. § § 663-9.
How Pre-settlement Funding Works
The process of obtaining pre-settlement funding or a lawsuit loan in Hawaii begins with the plaintiff, the individual or entity who is suing another party, known as the defendant.
For instance, the plaintiff could be a Honolulu resident who has filed a personal injury lawsuit after a car accident. The plaintiff often finds themselves in a situation of pressing financial need, such as being unable to work due to the accident and needing funds for living expenses and medical bills.
The plaintiff initiates the application process with a trusted funding company, detailing their case merits, the lawsuit type – which could be personal injury, workers’ compensation, or a civil rights case, among others – and their legal representation.
In our example, the Honolulu resident would disclose information about the car accident, including the other driver’s fault and the extent of their injuries.
The quality of their attorney or law firm, such as an experienced personal injury lawyer in Honolulu, can often influence the decision of the funding company.
Once the application is submitted, it triggers the approval process. The funding company carries out a risk assessment, evaluating the strength of the case, the potential settlement amount, and the likelihood of a successful outcome.
For example, in Hawaii, if the injured party is less than 50% at fault, they are eligible for damages, impacting the lawsuit’s strength.
Upon approving the application, the funding company determines the loan amount; the sum of money the plaintiff can borrow against their potential settlement. This decision is influenced by several factors, including the case merit and the potential settlement amount.
For instance, if the accident resulted in substantial medical expenses and loss of income, the potential settlement, and therefore the loan amount, could be significant.
The approved funding is a non-recourse loan, meaning if the plaintiff loses their case, they are not required to repay the borrowed amount.
This feature of lawsuit loans introduces considerable risk to the funding company, further underlining the importance of a detailed case review. For example, if our Honolulu resident did not win their case, they wouldn’t have to repay the loan.
Terms of the funding, such as the interest rate and repayment terms, are then negotiated. The interest rate denotes the rate at which the loan accrues cost over time. Fees, such as origination or processing fees, may also apply, contributing to the total repayment amount.
In our example, these terms would be explained to the Honolulu plaintiff before they accept the loan.
Once all terms are agreed upon, the funding company advances the loan to the plaintiff. The funding speed – how quickly the funds are disbursed – can often be crucial for the plaintiff.
For example, if our plaintiff’s landlord is threatening eviction due to unpaid rent, fast disbursement of the lawsuit loan can help avoid this.
The process doesn’t end here. Once the lawsuit is resolved, and if it results in a settlement, the plaintiff must adhere to the repayment terms, returning the principal loan amount, interest, and any associated fees.
In our case, if the Honolulu resident won their lawsuit and received their settlement, they would then repay the settlement loan from the cash advance.
In conclusion, obtaining a lawsuit loan is a multifaceted process. It involves the plaintiff, their case, the funding company, their attorney, and many moving parts, including the application and approval processes, risk assessment, and eventual repayment. It serves as a financial bridge for those in need, like our Honolulu resident, while they await the resolution of their legal battles. At Tribeca, we strive to make this process as simple as possible.
Types of Cases We Fund
Lawsuits in Hawaii span the gamut, from disputes between neighbors over property matters to serious injury lawsuits. At Tribeca Lawsuit Loans, we provide pre-settlement legal funding in virtually every situation. As long as you are the plaintiff who is claiming damages and who stands to receive compensation, you likely qualify.
Some of the clients we have helped in the past include claimants in lawsuits like:
- Employment and labor law violations
- Jones Act cases
- Car accidents
- Whistleblower or qui tam litigation
- Lawsuits against faulty product manufacturers
- Medical malpractice claims
Are Lawsuit Loans Legal in Hawaii?
Yes. Lawsuit loans are legal in Hawaii and are endorsed by state courts. Tribeca offers lawsuit funding in this state.
Lawsuit lending is mostly unregulated in Hawaii, allowing many different companies to provide legal funding to clients in need. However, there are some nationwide regulations that you and your attorney will need to follow. For example, it is against the American Bar Association (ABA) for your attorney to provide you with funding for your non-legal expenses.
Despite the lack of regulation in Hawaii specifically, Tribeca Lawsuit Loans is dedicated to providing our funding in a safe and secure manner. We also provide lawsuit loans to clients in a host of other states, some of which have much more stringent laws about legal funding.
This means we are familiar with the best practices available to keep you safe. Some of the ways our funding protects you include:
- You do not pay us back at all if you lose your lawsuit.
- We only take repayment as an agreed-upon portion of your compensation package.
- We do not seize any other property as collateral, such as your home or business.
- We charge only simple interest rather than compound interest, saving you money in the long run.
What Determines How Much Funding You Receive?
There are many factors that influence how much money we can provide you with. However, since the repayment comes directly out of your compensation package associated with your lawsuit rather than your bank account, your personal finances are not part of the equation. That means:
- NO credit check
- NO invasive dive into your personal finances
- NO bank statements needed
Instead, our underwriting team will look at details of your case, such as how long it is expected to last and how much compensation you are likely to receive. Once we have evaluated these factors, we’ll let you know how much we can provide and we will sign a contract with you.
Tribeca Lawsuit Loans is able to provide Hawaiian claimants with anywhere from $500 to $1 million in legal funding. We can have the money in your bank account in as little as 24 hours after approval!
How Much Money Can I Get in a Hawaii Lawsuit Loan?
In Hawaii, the amount you can secure from a lawsuit loan depends heavily on the specifics of your case, including the evidence, your economic losses, and the potential compensation amount.
Reputable lenders like Tribeca Lawsuit Loans offer financial support ranging from $500 to $2 million, ensuring you can manage your bills and financial obligations while awaiting your settlement. The process involves underwriters collaborating with your attorney to assess your needs accurately, setting forth a clear, non-compounding interest rate without hidden fees.
With Tribeca, the focus is on transparency and respect, providing essential funds now — up to $2 million — based on your lawsuit’s value and expected duration. Pre-settlement funding isn’t like typical loans; it’s a risk-free financial bridge to your future compensation, requiring no payback if you lose your case.
How Much Do Lawsuit Loans Cost in Hawaii?
The amount you can borrow through a lawsuit loan in Hawaii varies, tailored to the unique aspects of your legal case. Companies like Tribeca Lawsuit Loans step in to offer financial relief, extending anywhere from $500 to $2 million based on the strengths and specifics of your claim.
This approach involves detailed evaluation by underwriters, in collaboration with your legal representative, to pinpoint exactly how much support you need, all while ensuring transparency with straightforward, non-compounding interest rates and no hidden charges.
Tribeca prioritizes clear communication and respect, ready to supply up to $2 million in advance for your expenses as you await your lawsuit’s resolution. Unlike conventional loans, this pre-settlement funding is completely risk-free, offering a no-repayment obligation if the lawsuit doesn’t result in your favor.
Do Hawaii Lawsuit Loans Charge Interest?
Yes, Hawaii lawsuit loans come with interest rates, crucial for plaintiffs to consider when seeking financial support during litigation. Working with a reputable lender like Tribeca Lawsuit Loans ensures borrowers can obtain low rates starting at 3% (simple) per month, providing a manageable financial solution.
The interest rates are determined based on several factors, including the strength of the case, the expected settlement amount, and the lawsuit type, ensuring a fair assessment tailored to the specifics of each case.
Tribeca’s approach emphasizes transparency and fairness, offering capped deals to protect borrowers from escalating costs. This financial aid allows plaintiffs to maintain stability without the burden of compounded interest, focusing on their legal battle without financial stress.
Are Hawaii Pre-settlement Loans Safe?
Lawsuit loans in Hawaii offer a secure financial lifeline, especially when obtained through reputable lenders like Tribeca Lawsuit Loans. These loans are considered safe due to their non-recourse nature, meaning repayment is solely from the lawsuit’s future settlement.
This structure ensures that the borrower’s personal assets and income remain untouched, even if the case is lost. Tribeca’s transparent practices further enhance safety, emphasizing clear terms and conditions without hidden fees.
Choosing a trustworthy lender guarantees that the loan serves your needs without compromising your financial security, making Hawaii lawsuit loans a safe option for managing finances during legal battles.
Get the Money You Need Fast with a Hawaii Lawsuit Loan
If you are ready to ease the financial pressure your family has been under due to the prolonging of your lawsuit, fill out our FREE online application today. For more information about the lawsuit loan process, or to clarify the status of your application, call our office at (866) 388-2288.
We offer lawsuit loans in the following locations:
FAQs
Is there any significance to how I utilize the lawsuit financing?
There aren’t any specific guidelines on how you should use a pre-settlement monetary advance. Legal case funding serves to provide financial assistance during enduring lawsuits, and recipients in Hawaii have allocated this money for various purposes such as settling their debts, paying their rent, or managing day-to-day expenditure.
What is the civil lawsuit process typically like in Hawaii?
The civil lawsuit process in Hawaii generally involves these steps:
- The plaintiff files a complaint outlining the basis of the lawsuit.
- The defendant receives the complaint and has the opportunity to respond.
- Both parties gather evidence through a process called discovery.
- The case might go to trial if a settlement isn’t reached during mediation or negotiation.
- A judge or jury renders a verdict, which can be appealed by the losing party.
This process may take several months to years depending on the complexity of the case. Please consult with a legal professional for advice pertaining to specific cases.