You get back 10 times what you send out.

May 30, 2008

I have been really focusing on and using in my lawsuit funding business the law of attraction. Some might feel that this subject is played out; but if it is true and it works, then shouldn’t we all focus on it daily?

In the world of presettlement funding I am looking for people who need cash before the settlement. I rely solely on referrals. How am I to expect referrals if I am not GIVING referrals or something that others might find resourceful?

I am guilty of sending to law firms on a monthly basis letters asking them to send me their clients who needed a lawsuit advance. In fact I did this for over 2 years! If you were an attorney, would you get sick of my letter arriving each month with nothing other than a request? If your plaintiff needed a lawsuit cash advance, are you going to refer them to the broker who does nothing but request things of you or the broker who GIVES to you referrals and valuable resources?

That has all changed since meeting my keep in touch expert. She first had me read a book called Book Yourself Solid. Then she shared with me a resource called Send Out Cards. This resource has changed the way I do business and changed the way my firms feel about me.

In keeping with the idea of “sending out to give”, I am STRONGLY recommending to all of my friends, colleagues and law firms that they use this system so they too can get back 10 times what they send out.

Please call 866-652-0699 if you have any questions regarding my keep in touch system.

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

PARALEGALS! Why are you putting up with this?

May 28, 2008

I had a VERY good conversation with one of the paralegals of a firm that gave me my first referral over 3.5 years ago. She spoke of her experience with me vs. her experience when her clients - the plaintiffs go directly to a funding source to get a lawsuit cash advance on their settlement.

She began by saying that most funding companies or at least their particular staff are very disorganized because they would ask for certain documents and then 2 days later ask for more. In order to service her client she had to drop what she was doing and meet the request. She said that wasted about 30-45 minutes total.

She then said that many companies are now asking the staff to fill out an application. I asked her how she felt about that and she was appalled that any company would even ask her to do that. Is that really what paralegals ought to be doing? Shouldn’t the funding source staff do that? She said they go deep on the questions when all they need to do is review the documents that she sends them. I would bet my future lives that this ticks off most paralegals and probably the attorney even worse since doing that isn’t practicing law.

When I informed her of the rates of a particular company that many of her clients get advances from because this particular company advertises heavily on T.V. in her area is now charging 50% for the first six months she flipped out! I asked her why she was letting her clients get a higher rate when for over 3 years with that firm I have always gotten better rates than what are offered by “that” company she said “I didn’t know”. PARALEGALS - CONSIDER YOURSELF WARNED, having a presettlement funding broker that you trust is very helpful if you don’t want your clients to pay more interest than they should.

Guess who hears about when it comes time to settle? I can help you if this is happening to you or your firm. Truthfully I took a loss on this conversation. Evidently I am not the only person in there funding their clients. I hope because of this conversation with her this changes. I have a feeling it will! Note, I have used even recently “that” company but my primary source is not them. I will turn the case into “that” company when my primary source denies a request for settlement funding.

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

Businesses who are in a lawsuit and need money can use their settlement to move ahead.

May 22, 2008

This subject is hardly known. As a matter of fact 99% of businesses do not even know that this type of help exists.

I can see how a lawsuit cash advance would be more advantageous than a loan from a bank. The main advantage being that additional debt is not created. For more on where our money comes from see my other blog and watch the video. Instead, the business is using an asset - the settlement that they just don’t have in their hands at this moment. The wealthy use their own assets all the time instead of creating debt.

It must be hard for a business who is challeneged with trying to move thier business ahead in this confused economy to afford a lawsuit and pay for every hour that their attorney is billing on thier case. That money could have gone into marketing or other expenses to move the company forward. I can see too how the attorney would like to know that this exists so when his client calls and says, “we can’t afford this anymore” then he could refer them to a broker who funds commercial cases.

Games are no fun to play if you do not know the rules. Knowing that this rule exists - getting an advance on your lawsuit, helps tremedously.

Posted by Rob Thomas | Filed Under Blog, lawsuit advance, lawsuit cash advance, litigation funding, presettlement funding | Leave a Comment 

How do the contracts differ on lawsuit cash advances?

May 20, 2008

Each funding source in the world of pre settlement funding has their own way of writing a contract that is to be signed by the attorney and plaintiff. There are now two distinctly different contracts and I wanted to outline the differences of them so that you can always make the best decision on your lawsuit advance.

The first one (literally) is a monthly compund “interest” structure. I use interest in quotes because I advance money on lawsuits not loan it. So on the monthly compound “interest” structure in addition to your cash advance you can add $200 approx. as a processing fee plus if you have a broker you will have to add their commission (rates vary). All of those three combined become the principal and each month it is charged a fee and that compounds until the settlement. Most companies stop the compounding at year 4 and most of the plans I have seen show that the most you would pay back on your lawsuit cash advance is 4 times what you were advanced.

The second type of contract is called the flat fee contract. It involves multipliers instead of a percentage rate. For example, let’s say in months 1-6 the multiplier is 1.4 and your case settles in month 3. To figure out what you pay back, MULTIPLY 1.4 times your advance and that tells you your payback. The benefits to the second type of contract is that there are no fees, no commissions and it usually is lower than what you would pay on the monthly one.

Again each company offering “lawsuit loans”, “presettlement advances”, “settlement cash advances”, “plaitiff funding”, has their own way of doing contracts and be sure to ask before getting to the contract phase.

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

What do most plaintiffs of personal injury lawsuits spend their lawsuit cash advance on?

May 15, 2008

After 4 years of helping plaintiffs of personal injury lawsuits, workers comp lawsuits, commercial lawsuits, divorces, etc. I have found that most of the people who I have gotten pre settlement funding for use their lawsuit cash advance to pay for:

1. Rent or Mortgage
2. Electricity
3. Transportation be it a used car or a rental
4. Phone bill
5. Food for themselves and/or their children
6. Investment in a a new business
7. Pay back a family memeber who loaned them money
8. Pay their attorney so they can continue in litigation (commercial cases and divorce cases)

Again, the reason someone gets a lawsuit advance is because they have no other option. If you know of anyone in a similar situation, we pay 25% referral fees once they get funded. Make sure they give us your name so we know who to write the check to!

Posted by Rob Thomas | Filed Under Blog, cash advance, divorce settlement, lawsuit advance, lawsuit cash advance, presettlement funding | 1 Comment 

“Bottom feeding M@#%er F%^&*er”

May 1, 2008

I received an inspiring comment which I deleted this week from someone who visited my blog and left me a comment calling me a “Bottom Feeding MF’er”.

I of course deleted it. I am surprised that individual took the time to visit my site, read my blogs and then came to the conclusion that because I help people get lawsuit cash advances on their divorce settlement and personal injury settlements I must be a bottom feeder. What would a top feeder do on this planet?

I usually get very inspired by this because it tells me I am getting attention. I got his attention for sure. It means my word is getting out there and that is EXACTLY what I want. I also find that people who are not in agreement with what I do are ignorant of what money really is, where it comes from, and the subject of help. Once they understand what I do they usually change their viewpoint.

That person is entitled to his opinion. I am glad we live in a coountry where we have the freedom to disagree, even if it is only for a while longer.

Posted by Rob Thomas | Filed Under Blog, divorce settlement, lawsuit advance, lawsuit cash advance, lawsuit funding, litigation funding | 1 Comment