At Tribeca Lawsuit Loans, we offer same day pre-settlement funding in the state of Hawaii at competitive interest rates. We provide lawsuit loans to those currently in a plaintiff’s lawsuits, including civil and personal injury lawsuits.
At Tribeca, we offer pre-settlement funding ranging from $500 to $2,000,000 for personal injury lawsuits in Hawaii through a simple, no-credit-check application process. We understand the financial strain that legal battles can place on you and your family. That’s why we’re committed to providing fast, risk-free funding to help you cover your expenses while you await your settlement from the defendant and their insurance company.
Our services are available for various cases, including personal injury and car accidents, as long as you are in an ongoing lawsuit with legal representation. We adhere to Hawaii’s Modified Comparative Fault 51% Bar and the 2-year statute of limitations for personal injury claims, which can influence your compensation and loan amounts.
Many clients use the funds we disburse for medical bills, rent or mortgage payments, utility bills, or even daily expenses like food or transportation.
With our non-recourse loans, you only repay us if you win your case, ensuring your financial security during legal proceedings. With high ratings and positive reviews from past customers, our presence is felt throughout Hawaii.
Get your settlement loan today! Reach out to our friendly and experienced team on our Honolulu line 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.
We can provide you with a cash advance in as little as 24 hours! Apply Today!
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 the following process:
- 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 settlement loans, 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 any type of legal funding 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, our settlement funding 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 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 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
Pre-settlement funding, also known as lawsuit funding, provides financial support to plaintiffs awaiting legal settlements. The process involves several key steps and participants. A plaintiff initiates the application by providing case details to a funding company. The company evaluates the case’s merit, potential settlement amount, and likelihood of success. If approved, the funding company determines the loan amount based on these factors.
The loan is non-recourse, meaning the plaintiff isn’t required to repay if they lose the case. This feature introduces risk for the funding company, emphasizing the importance of thorough case review. The terms, including interest rates and repayment conditions, are negotiated and agreed upon before the loan is disbursed.
Once the lawsuit is resolved with a settlement, the plaintiff repays the loan amount, interest, and any associated fees. This process serves as a financial bridge for plaintiffs in need, such as those facing medical bills or living expenses while unable to work due to injuries. Funding companies like Tribeca aim to simplify this process for plaintiffs seeking financial assistance during their legal proceedings.
Types of Cases We Fund
We at Tribeca offer legal funding for a diverse array of cases in Hawaii. Our litigation financing company provides settlement advances to help plaintiffs navigate the Aloha State’s unique legal landscape.
In Hawaii’s tropical paradise, motor vehicle accidents are unfortunately common. We offer lawsuit cash advances for cases involving:
- Tourist rental car collisions on scenic routes
- Moped and scooter accidents in urban areas
- Multi-vehicle crashes on busy island highways
- Pedestrian incidents in popular beach towns
- Tour bus accidents at major attractions
- Off-road vehicle crashes in rural areas
- Inter-island ferry accidents
- Rideshare vehicle collisions in tourist zones
- Agricultural equipment accidents on plantations
These accidents often lead to severe injuries like traumatic brain injuries, spinal cord damage, and severe burns from hot roads. Our pre-settlement financing also covers slip and fall cases at resorts, workplace injuries in the hospitality industry, and premises liability claims at beaches and hiking trails.
Beyond personal injury, we provide legal claim funding for maritime accidents, medical malpractice cases, and employment disputes in the tourism sector. Our litigation advance services even extend to unique Hawaiian scenarios like injuries from volcanic activity, surfing accidents, and cases related to traditional land rights.
Tribeca’s lawsuit financing options ensure Hawaii plaintiffs can stand up to large resort corporations or government entities without financial strain.
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 personal injury 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 is dedicated to providing our funding in a safe and secure manner. We also provide pre and post-settlement funding 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 personal injury or other type of legal loan depends heavily on the specifics of your case, including the evidence, your economic losses, and the potential compensation amount.
Reputable lenders like Tribeca 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 personal injury 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 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 Settlement Funding Companies Charge Interest?
Yes, Hawaii companies that offer settlement 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.
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, apply for free by filling out our online application today. For more information about the loan process, or to clarify the status of your application, call our on our Honolulu office line at (866) 388-2288.
We offer lawsuit lending in the following locations:
- Honolulu
- East Honolulu
- Pearl City
- Hilo
- Kailua CDP (Honolulu County)
- Waipahu
- Kaneohe
- Mililani Town
- Kahului
- Ewa Gentry
- Kihei
- Schofield Barracks
- Makakilo
- Wahiawa
- Wailuku
- Hawaii Kai
- Royal Kunia
- Halawa
- Ewa Beach
- Kailua CDP (Hawaii County)
At Tribeca Lawsuit Loans, we know legal battles can be tough on your finances. That’s why we offer personal injury lawsuit and post-settlement funding to give you the support you need. Whether it’s covering medical bills or getting a same day settlement loan, we’re here to help you get the funds you deserve.
Our team is experienced in dealing with insurance companies and can guide you through the complexities of your case, allowing you to focus on recovery and enjoying the beauty of places like Waikiki Beach, Diamond Head or the Na Pali Coast.
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.
How safe are pre-settlement loans in Hawaii?
Pre-settlement loans in Hawaii are extremely safe for plaintiffs. These legal funding options are non-recourse, meaning borrowers are not personally liable for repayment. If the lawsuit is unsuccessful, the plaintiff owes nothing. Tribeca adheres to strict ethical standards and transparent practices, ensuring client protection. The company clearly outlines all terms and conditions, eliminating hidden fees or surprises.
Additionally, Hawaii’s consumer protection laws provide an extra layer of security. With Tribeca, clients can secure necessary funds without risking personal assets or future earnings, making pre-settlement funding a safe financial solution during litigation.
What are the advantages and disadvantages of lawsuit loans?
Lawsuit loans offer several advantages and disadvantages for plaintiffs in Hawaii. The primary benefit is immediate financial relief, allowing plaintiffs to cover living expenses and medical bills while awaiting settlement. This financial buffer can prevent premature settlements driven by financial pressure. Additionally, lawsuit funding is non-recourse, eliminating personal financial risk if the case is lost.
However, the costs can be higher than traditional loans due to the risk assumed by the lender. Some critics argue that lawsuit loans may complicate settlement negotiations or reduce final compensation.
Are personal injury settlements considered taxable in Hawaii?
Personal injury settlements in Hawaii are generally not taxable at the state or federal level. The IRS typically exempts compensatory damages for physical injuries or illnesses from taxation. However, certain portions of a settlement may be taxable, such as punitive damages or interest on the judgment.
Additionally, if you’ve previously deducted medical expenses related to the injury, you might need to report that portion as income. Hawaii follows federal guidelines on this matter. It’s crucial to consult with a tax professional or personal injury attorney to understand the specific tax implications of your settlement, as individual circumstances can vary.