Since you were injured, it has likely been a challenge to keep your head above water financially. If your injury is due to another party’s negligence and a personal injury lawsuit is pending, you could benefit from pre-settlement funding in Hawaii. If you qualify, you can get money quickly in advance of your settlement to pay bills or purchase something you need.
Although pre-settlement funding is sometimes called a “lawsuit loan,” that is an inaccurate description. Pre-settlement funding is not a loan. Instead, it is a disbursement of money in anticipation of an eventual settlement, similar to a cash advance. The amount is repaid when you receive your settlement or verdict award.
Lawsuits can take a long time to settle. Pre-settlement funding in Hawaii helps you get the cash you need now.
Benefits of Pre-Settlement Funding
There is no deadline to settle a civil lawsuit, and some can take years to resolve. Pre-settlement funding provides crucial financial support to plaintiffs during the often lengthy litigation process. It helps cover living expenses such as rent, food, utilities, and medical bills while you await a final settlement or court award. There are generally no restrictions on how the funds are used, giving recipients the flexibility to manage everyday costs without added pressure.
Employment verification and good credit are not requirements for pre-settlement funding, and applying for a lawsuit advance will not impact your credit. Approval is based solely on the merits of your legal case. As noted, pre-settlement funding is non-recourse, meaning you owe nothing if your case is unsuccessful. The lender assumes the risk.
Additionally, lawsuit advances offer simplified repayment terms. Unlike credit cards or personal loans, there are no monthly payments—funds are repaid only if and when your case concludes successfully. For those who qualify, cash can often be made available within 24 to 48 hours of approval, providing rapid relief when it’s needed most.
This type of funding empowers plaintiffs to stay financially stable while giving their attorneys the necessary time to pursue a fair and just resolution.
How Pre-Settlement Funding in Hawaii Works
Apply for Pre-settlement Funding
Mustang Funding helps level the economic playing field so you can hold out until justice is served. We have streamlined the process with a simple, one-page application you can complete in just a few minutes. Submit your application now to get started. Got questions? Our team is eager to provide the answers you need
Note that every funding company and state has slightly different rules and application forms, but most will require your attorney’s input to help assess the value of your case. Always provide adequate contact information for them or the law firm handling your case.
Wait for the Lawsuit Assessment by the Underwriting Team
At Mustang Funding, our internal team evaluates the strength of your claim and determines an appropriate monetary figure. After consulting with your attorney, we will base our final decision on whether we believe you will win compensation and how much you are likely to receive. If you have provided complete contact information for them, we could have an answer for you in as little as 24 hours.
Review and Accept Funding Proposal
When you receive your proposal, review the details with your attorney. They are intimately familiar with the details and value of your case, so they are best equipped to provide counsel as to whether you should accept the funds and how much to accept. If you accept the proposal, funds will be dispersed via check or direct transfer within 24 to 48 hours.
Am I Eligible for Pre-Settlement Funding in Hawaii?
To qualify for pre-settlement funding in Hawaii, you must have a current personal injury lawsuit pending and be represented by an attorney. Your lawyer must agree to provide the lender with information regarding the strength of your case.
Pre-settlement funding in Hawaii is non-recourse. That means you don’t have to pay the money back if you don’t receive a settlement or a favorable verdict. Unlike a loan, a pre-settlement funding lender assumes all of the risk. Further, there are no restrictions on what you can do with these funds.
Hawaii Pre-Settlement Funding Laws
There are few restrictions on pre-settlement funding in Hawaii. For example, if you already have a pre-settlement funding loan from another lender, you cannot receive additional funding until the original lien is paid off.
Personal Injury Pre-Settlement Funding in Hawaii
In Hawaii, the statute of limitations for filing a personal injury lawsuit is generally two years from the date of the accident. If you do not file by that deadline, your case cannot proceed.
Hawaii follows a modified comparative negligence standard. You can still receive compensation if you were less than 51 percent responsible for your injury. That compensation, or damages, is reduced by your percentage of fault as determined by a jury.
For instance, if you were injured in a motor vehicle accident and you were deemed to be 20 percent at fault, your compensation is reduced by that percentage. A $100,000 award is reduced to $80,000, or 20 percent less.
Personal Injury & Worker’s Compensation Pre-Settlement Funding in Hawaii
Pre-settlement funding in Hawaii is available for all types of personal injury cases, as well as workers’ compensation–if a third party is liable for your injuries. Common types of personal injury cases that may prove eligible for pre-settlement funding in Hawaii include:
- Car accidents
- Truck accidents
- Motorcycle accidents
- Pedestrian accidents
- Bicycling accidents
- Premises liability (slip and fall)
Generally, these accidents involve negligence on the part of the defendant, although in some cases, the defendant may have acted deliberately.
Contact Us
For more information about pre-settlement funding in Hawaii and whether you are eligible, contact Mustang Funding today. We serve Honolulu, Hilo, Pearl City, Kailua, and other areas of the Aloha State. Since 2018, we have provided more than $150 million in funds to plaintiffs and attorneys.
