The Need for Lawsuit Loans is on the Rise!
June 28, 2009
2009 has seen a new rise for brokers who offer lawsuit loans. My phone is continually ringing! Now, more than ever it is important for you - the plaintiff of a personal injury settlement to weigh your options when trying to get a lawsuit loan.
I have many posts on this subject - how to select the right lawsuit loan broker, but here is the ESPN version:
1. Brokers get paid to get get you the best deal possible or they are not competitive. They also get a commission 5 days after you get your advance, therefore they are motivated to move FAST for you.
2. National companies, or going to direct to a company places you at a disadvantage. They only have one deal for you, Take it or leave it. They bank on the fact that you are desperate and will take their deal. The person at the company doesn’t live solely on commission. They earn an hourly rate no matter how fast you get your money so they operate slower than what you will experience with a broker.
Hope this helps. Since there are so many new plaintiffs, I thought I would post this as it is relevant AND timely.
Please call me right away and ask me the ten questions you should ask me to determine if I am the right broker to help you get your lawsuit loan at 214-628-0920.
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