This just in from Holliday Bomhoff and Karatinos:

March 3, 2010

From Tonya, one of the paralegals:

WONDERFUL SERVICE!!!!

My funding source and I got this case approved WITHIN 30 minutes of receiving the documents. This is one reason why firms should use brokers.

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

Fees! Why?!

January 24, 2010

Fees.

Sore subject for many a plaintiff.

High fees can kill any deal for a lawsuit cash advance broker. It has happened before. I suppose with the amount of transactions that I do it will happen again.

With most companies that I am familiar, fees are part and parcel to the transaction. Fees allow the finance company to facilitate the transaction.

Have you taken a look at your fees of any recent transactions lately? Look at the fees for your house purchase, car purchase, CELL PHONE bill, trash bill, utilities, etc. Did you haggle over those with the person who you set your account up with? Were those “deal killers” for you or did you do what I did and say screw it, and move on? Keep in mind in many of the instances above, those fees are recurring. They knick you EVERY MONTH.

Usually when someone gets a lawsuit cash advance loan, they do it ONCE. Not monthly. Usually people are fine with it, some aren’t though and they allow it to get in the way of making their situation better by getting the money they were needing severely before the subject of fees came up.

IMPORTANT - any company whose fees are not visible in the contract is getting that money somewhere else from you without your being aware of it.

My contracts- the ones issued through my office via my funding source are overt. We hide nothing. We want you to know what your fees are. The more you know the more control you can have. Don’t you feel better knowing the things you should know?

My fees are the following:

$200 underwriting fee (regardless of amount advanced).
10% of whatever is advance to you (paid at the end).

Compare this to the others. I feel VERY confident of my offerings especially when you also factor in the low interest rates.

The moral of the story is don’t let necessary fees get in the way of lowering your stress, paying your bills, feeding your family.

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

I prefer to work with law firms who refer me clients, let me tell you why…

December 25, 2009

For 5 years I have always wanted to help as many people as possible.

Lately, I am finding that trying to build a nationwide presence doing what I do is frustrating and very low pay.

I have found that most law firms do not send documents that are needed to get the case evaluated because the plaintiff - maybe this is also you, has applied to 15 different companies. This sucks for everyone when this happens. For the plaintiff, they have exposed their risk to getting the worst deal and they are essentially telling the universe, “I will take any offer, hurry!” It sucks for the paralegal because he or she send out the same documents to 15 different people who have different requests when she didn’t even want to do 1 of them. It sucks for the attorney because they have to have 15 different conversations for 1 plaintiff. It sucks for the funders because they all do the work and only one gets paid.

I have been receiving referral from many firms since 2004. After my recent experience of trying to “get it all” by going nationwide and receiving leads from the biggest rainmaker on the internet, I have decided that I like working with referrals from law firms only.

The documents arrive within 24 hrs of receiving the referral. The plaintiff already knows they are getting the best deal and great service so they are patient and ALLOW me to do what I do best. They are always happy and so are the firms that regularly use me otherwise they wouldn’t recommend me.

Does your law firm need a trustworthy source to make sure their clients get serviced and not ripped off?

I am very open to meeting new firms looking to have that ONE guy do the work.

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

Latest Testimonial from Rob Thomas Legal Funding!

September 18, 2009

I love getting these from clients:

This one is from 09/17/09 (Friday)

Rob,

I want to say it has been a pleasure working with you! You had told me I would have the help I needed with in 48 hrs ; as soon as you had gotten all the paperwork together you needed; and true to your word It was wired in my account within the 48hrs. It has been a real pleasure working with you , you would keep me advised on everything going on. I would recommend you to all my friends in need of your services; also acquaintances.

Thank You So Much

Sandra

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

What do you stand to LOSE by using another company?

September 10, 2009

I’ve always found that people are not only motivated by what they stand to win, but also what they stand to lose.

In fact I’d say the motivation NOT TO LOSE is the stronger of the two.

I will treat you like a person who needs help, but I will not exploit that. In fact, I know that you needed the money the day BEFORE you called me. I will constantly communicate with you. This means whatever movement there is - you will know about it. You will know the rates and how the whole transaction works before we even get started. It is important to me that you know what you are doing, this gives you control. None of my clients have complained about how much they owe at settlement because I do so much educating on the front end. My rates have actually lowered for the 1st time in 5 years! If you choose another company the interest could eat up more of your settlement. This leaves you LESS money in your pocket later. Finally, I will not advance you too much money based on the facts of your case which also leaves you more money at settlement.

Choose another company and you lose everything listed above. Don’t take my word for it, read my testimonials which are real people in the Tampa Bay area. One of my clients is a paralegal who refers me her clients.

Ready to get started? Call me at 214-628-0920.

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

Feeling regretful of the company you chose for your Lawsuit Loan, Lawsuit Cash Advance, Settlement Advance?

July 30, 2009

Let me guess. You tried and tried to hold out but the bills kept coming in. You thought maybe your settlement would come in faster. You borrowed from family members. You depleted your savings. You took odd jobs. You starved yourself. You cut back on basic purchases. You told the kids no AGAIN and they are mad at you. You can’t go back to work because not only have you been directed to stay home by the lawyer but also the doctor. No one will hire you because you are now damaged goods and a screaming workman’s compensation liability waiting to happen.

Then one day in all of your frustration, you saw an ad on tv, or was it the Thrifty Nickel? The Flyer? The Greensheet? Was it one of those free papers? And let me guess again, all the ads basically said the same thing. You couldn’t tell them apart and maybe if you took the time to call them all they might be the same person or funding company? The TV showed someone who is trustworthy telling you that an advance on your settlement is one phone call away. CASH IN 24 HRS! Could this be real? Is there really a way out of this hell hole that the personal injury lawsuit has put me through?

In your curiosity you call the number and immediately a person on the other end begins the interrogation. They are asking you for your personal data. You answer all of their questions because the pain of what you are going through has pushed you to the point that you are willing to do anything within reason to get some money now to ease your pain. They now tell you a different time line than what the ad says. But you are desperate so you hang on out of faith. A week goes by. They don’t call to update you. You call them and keep getting different people. “Why is this happening” you ask yourself? Am I being scammed? Should I have done this? Why didn’t my attorney tell me about this? Why is it taking so long? You start to panic even more.

You finally get the answer from one of the people at the funding company: “Your attorney isn’t cooperating”. Out of anger and desperation you call your attorney who doesn’t take your call. You scream at the paralegal instead. Week 3 arrives and they finally are getting somewhere! You get your lawsuit cash advance but before you do you look at the contract and the rates are different than what they told it would be!! You look at year 2 or 3 at the amount you would have to pay back and you get sick at your stomach that people could charge so much and not go to jail! You feel sick but at least are closer to the money now. Your problems in life will be delayed by this. You will have temporary relief or at least until your case settles.

BUT, after all of the frustration, suffering, pain, upset, anguish, rejection, family arguments over money, low morale, fighting with your attorney, etc. you submit and say “SCREW IT”! You sign it and get your money. You feel even sicker. None of it felt right.

Then you read a blog like mine and wonder if any of that could have been different.

If you want to find out, call me at the number at the top of the page.

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

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.

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

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 

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