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 

I am not sure I want to get a lawsuit cash advance!

May 13, 2010

Being certain is definitely step 1.

I am always interested to learn more about why people say this. What I have found is that when someone is looking for a lawsuit cash advance loan, they are really concerned with one thing - TRUST.

This is why I have worked so hard over the years to maintain my relationships with my law firms. When they tell their client to use Rob Thomas Legal Funding, the client sees and feels the trust of the recommendation. I don’t hear the phrase, “I am not sure I want to get a lawsuit cash advance” much; but when I do I really pour on the education.

One of the things that you stand to lose by doing business with another broker OR lawsuit funding source is that they typically tell you only what they THINK you want to know. This usually adds up to them giving you the interest rates on their lawsuit advances and not much more. They also have the “they are desperate so they will stick with me” attitude. The way you will know this is what they think is that they try and corral you into doing an application and hurrying off of the phone with you.

You can’t and shouldn’t trust people who either try and keep you in mystery about how presettlement funding works or those who don’t communicate effectively by taking the time to educate you on lawsuit funding.

My clients always understand everything BEFORE we move forward.

They are CERTAIN they want to get a lawsuit cash advance and that they want to use a broker.

Are you next?

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

What do lawsuit cash advance funders look for in a lawsuit loan now?

April 19, 2010

The game has changed for the plaintiff of a personal injury lawsuit who needs a lawsuit cash advance loan to make it to settlement without losing their house and their mind.

When the economy got trashed by the bankers (who never went to jail by the way), trillions of dollars came up off of the poker table. Those who couldn’t lose before started losing. This changed my ability to get you a lawsuit cash advance in a major way.

Companies that would approve riskier cases with less injuries changed their minds. Why? Because the money supply they had dried up and got scared of riskier investments such as lawsuit cash advances whereby the investor loses if the plaintiff loses. Money dried up. Investors wanted a sure bet.

How does that affect you? Unless your case has a clear liability you won’t get funded. This means it has to be undeniably the defendants fault. Unless your injuries are more severe than bulging disks, you wont get funded.

The companies are “cherry picking”. This means only advancing money on the best cases. If your case isn’t perfect, you should still try and get an advance. I happen to like my lawsuit cash advance funding source and if your liability, injuries and insurance policy all line up, then we should take a stab at it.

Call me. I’d love to help you.

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

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 

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