Are you an Ideal Client for Presettlement Funding?

October 27, 2008

I get calls all day long from people who are looking to get presettlement funding also known as lawsuit advances. The severity of their injuries range from “soft tissue” to “catastrophic”. Let me explain:

90-95% of a lawfirm’s inventory are cases that fit under the category of “soft tissue”. This means there is no disk damage, fracture or broken bones. This is great! I always feel empathy for the person who calls with the catastrophic injury and truly they are the ones whom the lawsuit advance industry was created for.

But, seeing that 90-95% of the motor vehicle accident lawsuits are soft tissue I can’t leave them without the opportunity to recover money for the time they have not been able to work. I found a company that will fund soft tisuue cases. The only drawback is that it grows at 8.99% interest monthly for 2 years. This means after 2 years it stops accumulating interest. For those of you who are a soft tissue case we can still get you a lawsuit advance! You pay nothing unless and until the case settles.

The catastrophic cases are ideal and here’s why:

1. The cases are always bigger than soft tissue cases so there is actually room to advance money and have it grow at interest.
2. The injury is more severe than a soft tissue case so it yields more money at settlement from the insurance companies.
3. The plaintiff usually cannot work, literally, physically speaking. On soft tissue cases, the plaintiff usually is back at work pretty quickly.
4. Seeing that the injury is so bad, the liability (meaning who was liable) is usually stronger.

I am willing to serve both catastrophic cases and soft tissue cases and I find that my ideal client has the following qualities:

1. They have already made a decision that they want a lawsuit advance/help.
2. They have decided they want a broker to handle it for them (no cost to them with me).
3. They are honest with me about their injuries.
4. They move fast.
5. They are grateful.
6. They expect good service.
7. They expect the lowest rates.
8. They listen to me so they understand better.
9. They follow my lead.
10. They are a team player.

These are the people who energize and inspire me and ALLOW me to do my best work. I will dive after a rolling donut on a gravel highway for these people because my morale is so high.

Are you an ideal client for presettlement funding?

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