Here is a breakdown of which type of case gets funded most commonly through my office:

January 21, 2009

I have been doing lawsuit funding as a broker now for 4.5 years. It is very interesting to take a look back and see what the numbers look like. For instance, 80% of the motor vehicle lawsuit cash advances that I have funded the plaintiff was hit while either at a red light or a stop sign!

Makes you a little uneasy if you think about it. What the hell are people doing as they approach a stop? But then again, most people aren’t consciously driving their vehicle.

99% of the lawsuits that receive funding through my office are motor vehicle accidents. Part of the remaining 1% is the slip and fall. I usually instantly decline these because they are so difficult to fund. The reason is the liability is so difficult to prove. Their usually is a lack of documentation to support it as well. The damages are usually low - meaning the person rarely has even a herniated disk.

Another part of the remaining 1% is the medical malpractice lawsuit. Again, very difficult to fund because of liability reasons. But as far as damages it is much different than the slip and fall. They are usually very serious.

The final remaining part of the 1% is the workers compensation case. Only few states even allow lawsuit cash advances to be drawn on this type of case which makes it a low performer.

Most websites including mine list more than a dozen different case types that they can fund, but usually decline. That has been the experience through my office. A person told me the other day he called on once of the companies that does lawsuit funding on a commercial case - breach of contract because they listed it on their website and he was told that they don’t do those. He asked them why they have it listed on their website and they didn’t have an answer. IT WAS FOR SEARCH ENGINE REASONS ONLY.

So, ignore the big list of case types I fund. Yes, I am glad to always try and see if we can get you a lawsuit cash advance, but after reading this post you would be mistaken to bank on the fact that you could get lawsuit funding for most cases outside of the 4 I listed above and I don’t want you to get excited to only have your hopes crushed.

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

Using Craigslist to find people who need lawsuit cash advances. by Rob Thomas

January 10, 2009

Today you will see many options for lawsuit advance/lawsuit cash advance. Used to you would only find this many options for lawsuit funding in the cheap free papers i.e. The Flyer, Pennysaver, Thrifty Nickel, The Greensheet, etc. the ads would read: “In a lawsuit? Injured? Need cash now? Call 123-456-7890″. This is changing month after month. More and more individuals are finding Craigslist to be a good source for settlement funding.

Having a choice is a great thing. Knowing how to select the right person to give you a lawsuit advance is even better. I have written an article on what to ask when selecting a lawsuit funding broker. I do not advocate going directly to a company. Use a broker, their job is to get you the best deal and you usually pay nothing for their service. You can use the article to gain more control over the lawsuit cash advance process.

Thank you Craigslist for connecting lawsuit funding brokers and those needing settlement funding!

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

Dallas Texas Now Has a Local Resource for Lawsuit Cash Avances, Otherwise Known as Presettlement Funding!

January 4, 2009

Having a local resource is important. Not just in the world of lawsuit cash advance, but for most need based decisions.

Most people who get lawsuit cash advances directly through funding sources do not have this luxury. There is no relationship. The person who helped you get an advance could care less about you.

Law firms are looking for a face. They want someone local. They want one person to count on to help their clients. I am REAL to my firms. The funding sources are not as real. Instead, they are just a voice or a document, stationery, etc.

I have relationships with many firms in Dallas, Houston, Los Angeles, Clearwater, Naples, Sarasota, Bradenton, New Port Richey, Lutz, St. Petersburg and Tampa. Tampa is where it all started for me in presettlement funding.

I am a broker located in Dallas now but visit Tampa and the cities around it often. I am actively building relationships in your area, possibly even with the firm you hired.

To learn more about lawsuit cash advances take the time to read my blog. You will be glad you did and you will have more control over the transaction if you do.

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