Can I really get a cash advance on my DIVORCE settlement?

February 24, 2008

Absolutely, I do this through LawMax. They have a great program for people going through divorce when there is a contest for property, money and other assets. I can get you an advance to help make your life easier instead of creating more debt, which would make life harder. The rates are low. The process is fast and hardly anyone knows that this type of help exists. I can usually have someone funded within 72 hrs of having the documents that I need from the attorney.

Posted by Rob Thomas | Filed Under cash advance, divorce settlement, plaintiff funding, presettlement funding, settlement funding | Leave a Comment 

What is the difference between a cash advance on your lawsuit and a loan?

February 24, 2008

There are some very fundamental differences. The first is the word “advance” vs. “loan”. An advance means that we are giving you YOUR money earlier than you expected. When you get a loan at a bank, they are partly giving you someone else’s money and that person is usually another depositor and they are MOSTLY creating it out of thin air by just printing more. 90% of your money in the bank is being loaned out. That is proven by the depression when there was a run on the banks and depositors wanted their money back, THERE WAS NONE TO GIVE BACK. In a loan, whether you win or lose your case, you have to pay it back.

I only advance money, I do not loan it. The rich uses assets to survive. The not-rich create liabilities (debt) in order to survive. In getting an advance, you are employing the strategies of the rich. Read Robert Kiyosaki’s book “Rich Dad Poor Dad”. Then apply what you read. Your life will be dramatically different and easier.

Let me know your thoughts – Rob Thomas

Posted by Rob Thomas | Filed Under attorney funding, attorney loan, cash advance, law firm loans, lawsuit advance, lawsuit cash advance, lawsuit funding, litigation funding, plaintiff funding, presettlement funding, settlement funding | Leave a Comment 

How do I choose who to go with for my lawsuit cash advance?

February 11, 2008

Because there are so many options for you in getting a cash advance on your settlement, I thought I’d make life a bit easier for you. After all, that’s my only job!

There are 2 entities that offer advances on settlements: funding sources and brokers. Funding sources usually fund the deals and brokers bring the deals to the funding source. I hear from many people “Why use a broker when I can go direct to the source”? Here is why: A broker does not represent one company therefore they can always submit your request to whichever company they feel will give you the best deal. The best deal is defined as the most money (hopefully exactly what you request) for the lowest rate. Funding sources can only offer you one set of terms, one deal. Often people will take this deal even if it is high interest or a lower amount than they expected because they are in such a desparate need and don’t have any more time to go through the process with another funding source just to possibly get the same result. Many funding sources have recently RAISED THEIR RATES! So a broker will know who these companies are and steer you away from them.

I have had many clients in the past get referred to me by their attorneys after going directly to the funding source because the funding source had taken over a week and NO PROGRESS WAS MADE! That is never ok. Brokers are incentivized to get you your money fast because they get paid when you get paid. I am currently getting people funded within 3 days. Money in their hands in 3 days. Not bad. I know that when my clients call me for a lawsuit cash advance, they needed the money YESTERDAY! A good broker will stay in touch with you daily letting you know the status of things (funding sources do not do this). Why should you be in mystery? If you find you are fighting for communication, get a new broker or new funding source if you must go direct after reading this far. A good broker will keep his word. This can be difficult because the funding source that he submits your request to could screw that up for him by taking too long to underwrite your request. But it is manageable and again if the broker will just communicate with you and let you know what is really going on, you”ll be happy right?

Finally, a good broker should be able to give you the option of the lowest rates. If you feel like you are getting a bad deal, you probably are. Funding sources are great, they fund the entire industry and without them the brokers would have no one to submit their cases to, but wouldn’t you rather have a broker do all of the leg work for you? Oh yeah, a good broker ADDS VALUE by doing all of the above.

Let Rob Thomas be your broker for your next lawsuit cash advance on your pending divorce or personal injury settlement.

Call Rob Thomas if you have any questions 214-432-4179.

Posted by Rob Thomas | Filed Under Blog | Leave a Comment