Where did all of the Lawsuit Funding Brokers go?

June 11, 2010

After the collapse of the economy many lawsuit funding companies went out of business and that means the lawsuit cash advance brokers went before them.

A broker has to figure out how to get decent leads to get lawsuit cash advances for otherwise they make no money. They ARE their advertisement.

Many lawsuit funding companies who funded broker cases use to put out books called, “How to make a million dollars in the presettlement funding business”. Therefore everyone was putting their ads in the penny savers and craigslist and everywhere else that was considered a cheap paper that a plaintiff might pick up. This is why all of the ads looked the same.

You might have seen these ads recently. People still do it. However, no one is really winning at that game except the ad company.

Lawsuit Funding Brokers are better suited to do the opposite of what the herd is doing.

Referrals are the only way to go. Figuring out how to get them is what stops brokers or weeds them out.

I have a program for this which is why I only deal with law firm referrals. I have done very well and been a top producer at every company I have used to fund my cases.

If you want the program, call me.

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

Worker’s Compensation Lawsuit Cash Advances…. who does them?

September 7, 2008

I get monthly referrals in Florida and Texas to my office from clients who I have funded in the past or attorneys who I am friends with to help their referral get a lawsuit cash advance on their worker’s comp lawsuit. There are few funding sources out there that do these types of transactions.

Some companies will only fund you if you are suing ABC manufacturing or some other third party. This seems to be uncommon from my referrals but it may be you reading this post.

The other companies will fund you if you are suing the state. These are usually what get referred to me.

I have two companies that I use for these transactions and both can accomodate anyone needing a lawsuit cash advance on their worker’s comp lawsuit.

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

LAWSUIT CASH ADVANCES ARE FINALLY AVAILABLE IN OHIO!

September 4, 2008

I was assured I would never see the day that Ohio would change their mind on laswuit cash advances.

As of August 28th of 2008 anyone who qualifies for a lawsuit cash advance can now get one. WARNING: With this blessing comes a flurry of TV companies who will offer you lawsuit cash advances. You need to shop around and not take the first offer. Their rates are a little higher because TV ads are very expensive. You should use a resource who can get you the best deal.

Brokers who offer lawsuit cash advances can usually compete and get you lower rates. I definitely can because I am not married to any particular company. However, I have found a company who advances more cash than the others will on the same lawsuit and do it for less interest.

If this interests you click HERE and allow me to go to work for you immediately to get you your lawsuit cash advance.

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

How long does it take to get a lawsuit settlement advance on my personal injury lawsuit?

August 4, 2008

In a perfect world the intial intake will take 5-10 minutes to explain to you the process of lawsuit cash advances, the two types of pricing structures and answering your questions. The next step is getting the documents from your firm which takes as long as it takes but for me it is usually 24-48 hrs unless your firm didn’t refer you in which case it could take longer.

Once I have the documents that I need from the firm, I give them to the finance company who usually has an answer in 48 hrs. Then I get the contract and send it to your firm for you to go down there and sign along with the attorney who thn sends it back to the finance company. You can receive your advance that day if it is a wire and done before 4pm EST or the next day if it is a physical check.

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

Lawsuit loans on Workers Comp cases in Florida?

June 4, 2008

Absolutely. All day long. Why wait for your settlement as the dollar continues it’s decline toward the value of a peso?

You can get a lawsuit cash advance on the future proceeds of your case and you don’t have any monthly payments and you only pay it back IF the case settles. No workers comp settlement - no payback. Why? When the finance company advances you YOUR OWN MONEY on your workers comp settlement they feel like they are taking a good risk, so they take 100% of the risk. Also as emphasized above, it is your money. Why would you have to pay yourself back?

The process is simple and quick through me. Yes, you actually deal with Rob Thomas the whole way through. That won’t change. Apply now by filling out an online application and get your financial problems solved until your settlement! Not many companies do lawsuit loans on workers comp cases in Florida, so get started with me today!

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

Misinformed Attorneys, we do NOT take half of your clients settlement!

June 2, 2008

Because I deal in so many lawsuit cash advance deals weekly, I run into periodically a plaintiff who is needing a settlement advance but their attorney will not cooperate. It happened last week! The attorney usually uses three arguements: “It is against the BAR” or “We just don’t do it” or “They will take half of your settlement”.

I want to adress this objection directly of taking half of the settlement. Here is the break down on a payback for a lawsuit advance through my office:

My presettlement funding sources will only advance up to 10% of the case net proceeds. If a client were to get advanced the full 10% and the case drug on for four years then the most the client would pay back was 4x the cash advance. That equals 40%. That is close to half but not half and only in the instance that the personal injury lawsuit took 4 years to settle after the money was advanced.

Attorneys, your 40% is safe. It is not touched and always considered first when it is time to pay back the lawsuit advance. The current average time it takes for a lawsuit cash advance to be paid back is between 1.5 and 2 years.

“What if the client leaves the closing table with a dollar?” I will discuss this in the next blog. Make it a great week!!

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

Lawsuit cash ADVANCES available here NOT LOANS!

April 30, 2008

I see many people and have been guilty myself for search engine purposes of using the word “lawsuit loan” or “settlement loan” or “loan on lawsuit”. They are some of the most commonly used search terms. I have used these in craigslist ads but haven’t used them on my site. Many also use those terms on their website.

Nothing could be further from the truth in terms of what I deliver. For starters, the “lawsuit loan” would have to be paid back regardless of what happened in the lawsuit if it were in fact a loan. Because it is an advance, if you lose your case, then you do not pay anything back. That is proof it is a lawsuit cash advance and not a “settlement loan”.

Additionally we are advancing you your own money - the settlement. You just don’t have it in your hands yet and for that priveledge we charge you a fee. Some/I call it interest which is also a misnomer. How could a finance company ask you to pay back what was yours to begin with? You are using your own money to move into the future instead of creating debt. The wealthy do this daily. You are doing the same here. The non-wealthy create debt to move into the future. This turns out to be contra survival in some instances for some people.

You are in fact getting a lawsuit cash advance and not a loan of ANY sorts. We are not bankers and do not look at credit (even more proof). The strength of the enitre transaction is your case.

Again, how could a finance company ask you to pay back what was already yours? It’s a lawsuit cash advance.

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

Educational Video on Lawsuit Cash Advances

April 24, 2008

I found this link to a generic video that explains what plaintiffs experience when trying to get lawsuit funding on their settlement.

I think you will enjoy it as well, here it is: LAWSUIT CASH ADVANCES!

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

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