You don’t really want a lawsuit cash advance, you want something else!
December 21, 2008
As your broker I am smart enough to know that when you are looking for a lawsuit cash advance or lawsuit funding you are really looking for something else. You are looking for a solution but it goes even deeper. The problem is different for each of you.
Some of you are getting ready to lose your house. Others are getting evicted. I have also dealt with people who want to leverage a higher settlement offer from their defendant. Do you have money for food? Many don’t. The problems are almost without number. The solution is the lawsuit cash advance. But it goes deeper.
By getting lawsuit funding or a lawsuit cash advance you aren’t just looking for the solution. You are looking for what solving the problem does for you. How it makes you feel, what it allows you to do.
When you are considering getting a lawsuit cash advance make sure the broker or settlement funding company understands what you are really trying to do.
How not to be treated by a lawsuit cash advance funder or broker. By Rob Thomas
October 30, 2008
Ok, I gotta say it only because I am hearing this from so many people who call me and tell me how they are being treated in this world we call lawsuit funding.
If you call a lawsuit funding source directly or whether you call a broker to get your lawsuit cash advance and all they do is try and “corral you into an app” by asking you for your name, address, etc. stop them in their tracks and tell them, “You arent getting another question answered by me, as a matter of fact, I have questions for you…..” See my other blog under the “lawsuit cash advance” category on what to ask. It is very important that you know this otherwise, you lack control of the process. Want more control? Know more. That which you don’t know CAN harm you. Whoever it was that said it couldn’t was a moron.
Recently I gained a client thanks to a funding source that starts with a “P” because they lied to them and told them when they called in “we can get 10k on this”. There is no way that “P” would know without looking at documents first. The client hadn’t even given them an aplication yet. But they didn’t know and trusted them. Needless to say they didn’t get my client the 10k (much less actually) and my client is willing to pay a little more in interest to switch to me because I was honest with them.
There is always someone out there who was meant to serve you. Truth trumps everything.
Don’t be the victim. Knowledge equals the opportunity for more control. Now that you know, exert control!
Here are two testimonials from others whom I have coached to start their own businesses in lawsuit funding!
September 23, 2008
I am a certified Book Yourself Solid coach now and I can help any solopreneur or service business that has up to 10 employees BOOK THEMSELVES SOLID WITH CLIENTS THAT INSPIRE THEM AND CAUSE THEM TO DO THEIR BEST WORK.
Here is what my colleague and friend Jason Argall of MY LEGAL AVDANCE has to say about me:
“Shortly after my previous business went bankrupt because of government law changes, Rob Thomas helped me find a new business to start, provided me a strategic plan for success and guided me as a consultant for the first few months of business.
Because of Rob Thomas’ help and guidance, I was able to come out of a personal financial slump and create a new, successful business.” - He earned in his second month more than I did in my first year in 2004! Well done Jason!
Jennifer Lieblein of ADVANCE FUNDING NY says this about our work together:
“I have recently formed my own company and have fortunately had the opportunity to know Mr. Rob Thomas. Since I have been in contact with Rob, he has given me great insight, support and encouragement for the success of my business.
He has helped me with new ideas and strategy to increase the profit of my company, and consistently calls me to be updated with my recent endeavors.
I believe he has the wisdom and expertise to be a benefit to anyone who is in need of professional experience. He is a true mentor.” - She is in the process of earning more in her second month than I did in my entire first year just like Jason Argall did.
I love helping people and consider it my greatest achievement to see others winning where I have helped.
To plaintiffs who get lawsuit funding then don’t complete their care with Chiropractors:
August 18, 2008
Plaintiffs who get pre settlement funding just shortly after they get in an accident and then do not finish their program at the Chiropractor are really doing themselves a huge disservice. They cause their case to not look as severe. In addition they usually get half of what they could’ve gotten from their settlement had they done the whole program. It affects the Chiropractor who is there to get a result. Usually when you don’t complete the recommmended treatment program, you don’t get results. It also affects their income. It affects the attorney’s income as well because the plaintiff settled for much less unneccesarily.
Lawsuit funding is a great tool to help a plaintiff survive litigation as well as hold out for a larger settlement. I hate to see it when plaintiffs do the above to everyone involved.
Rob Thomas Legal Funding has partnered with The Legal News!
July 31, 2008
I have partnered with The Legal News. They are an online only resource for plaintiffs and attorneys to connect. I am excited about this because I am always looking for great resources that I can share with my firms.
The Legal News has a directory that you can get listed on. This will help more people find your firm thus leading to more new cases!! It also helps plaintiffs select a reputable attorney.
They also have a live legal news feeds as well as world news feeds. This a great resource for you to go find out what is going on in the legal world.
The Legal News has opportunities for advertising as well. Given the power of the internet and the fact that hundreds of thousands new people come on monthly, I’d say it is a no brainer. Alot of people are discontinuing newpaper subscriptions because they’d rather reach for a mouse.
There is a huge database of legal forms on there for those of you who would rather administer your own legal documents. This helps when you need a contract on the fly!
Finally, there is a directory of Legal Services that you should peruse at your leisure. I am included in this directory under LEGAL FUNDING.
I am very excited to promote The Legal News to every attorney I can because I know it will help them achieve what they intended to achieve when they started in practice.
I see ads on TV and in Thrifty Nickel, The Flyer, Pennysaver, The Greensheet and my newspaper for people advertising settlement loans……
July 2, 2008
There are many sources for you to get a settlement advance. There are brokers and funding sources. Funding sources fund deals for the brokers but they also advertise heavily on TV and in newspapers. Brokers typically don’t advertise on TV because their budgets aren’t as big. I am a broker, by the way.
If you see the following terms, just know they all mean the same thing, getting you money now on your lawsuit: lawsuit advance, lawsuit cash advance, lawsuit funding, litigation funding, plaintiff funding, presettlement funding, settlement funding and settlement advance.
Those are all search terms so you will find them heavily inserted into the copy of the the websites to draw your attention via the search engines like Google.
Whomever you use, make sure you know the questions to ask. See my other blog on what to ask.
What are these LAWSUIT CASH ADVANCE ads on my tv?
June 26, 2008
If you watch tv late at night or during the 9-5 hour you will be approached by many companies promoting lawsuit settlement loans. There are about 4 companies that I am aware of that actively advertise on your tv.
They are J.G. Wentworth, Oasis Legal Finance, Law Cash, and Whitehaven.
They are hoping that you are injured, in a lawsuit and need money now. If you are then you could qualify for a lawsuit advance of anywhere from $1,000 to $100,000 or more.
They provide an 800 number which makes it easy for you to call and you are liekly to actually reach somebody when you call because some of them have an inbound call team of at least 10 people. I have seen it. I visited Oasis once.
You will be asked to give your personal information and then they take it from there. From what I hear of others who have actually gotten funded directly with the companies above, it took them about 2 weeks to get their money. Not bad. But when you called them didn’t you really need your money the DAY BEFORE?
You know how when you call any company, they are always the best, the top in their industry, the biggest provider, etc.? You will find this to be true with them as well. To be fair, I say the same thing.
How do YOU know? Do you really have time to shop all of the presettlement funding sources to see which is the best? No, you needed money yesterday. How can you be assured that you are getting the fastest service and lowest rates offered if you are only dealing with one company? It’s all in the stats.
I started my presettlement funding brokerage 4 years ago. I do not work for any of the companies, but I can submit your request to any of them. I have worked with many of the big companies and because of my experience know who to use and not to use based on service and rates.
When I decide to use a presettlement funding source, I tell them my criteria are the following: LOWEST RATES (or I am doing you a disservice), fast COMMUNICATION (I have found that all my clients want is information and they hate being kept in mystery), and DO WHAT YOU SAY YOU ARE GOING TO DO (rare in business unfortunately but important nonetheless).
I have found the best source for lawsuit advances and I am confident that anyone who trusts me to get them a lawsuit cash advance will agree , especially when it comes time to pay it back but that is only if they win!
Choosing the wrong funder for presettlement funding can adversely affect everyone
June 17, 2008
I have recently learned a great lesson at the expense of myself but more importantly my clients. As a broker for lawsuit cash advances, my job is to get plaintiff funding for my clients at the lowest possible rates by a presettlement funding source that will get it done quickly.
I have always had a primary presettlement funding source for my clients who need lawsuit advances. They get the first shot on everything. I have always had a SECONDARY funding source as well. The reason for the secondary one is sometimes the primary doesn’t want to fund a particular request for settlement funding. When this happens I turn it in to the secondary source. Each broker should have a set of criteria that they use in order to determine whether a presettlement funding source is a good fit for them or not.
For me, it has always been 3 things: Lowest rates, fast communication (this one being very important), keep your word once given (rare on this planet but important in business especially). If a litigation funding source will do that, I can keep them busy with new cases steadily because that is what the person who is asking for lawsuit funding wants as well. If not, no matter what justification they give me I look bad and it makes life more difficult for my clients.
This happened recently with my secondary presettlement funding source and now I have clients needing second advances and I have to move them to another company. I wouldn’t mind using the same company because there is a cost associated with switching them but this particular funder asked me to never speak to them again. Why? because I gave them a report card on how they were doing during a request and they couldn’t confront it. They failed miserably at communicating with me. I went 4 days without communication on a case and always felt with this company that I had to push things along. They also failed miserably at keeping thier word. When I started with them, they claimed fast fundings and a 48 hour turnaround. Not true. I told them so and this was their reaction:
They said I was the problem. I agree that I am the problem if I ask a company to do the 3 things above and they can’t. I refuse to lower my standards for anyone. In the world of litigation funding, the client has many options, the funding brokers have many options. I am choosing a different company to be my second option for plaintiff funding. My first source is VERY SOLID.
You get back 10 times what you send out.
May 30, 2008
I have been really focusing on and using in my lawsuit funding business the law of attraction. Some might feel that this subject is played out; but if it is true and it works, then shouldn’t we all focus on it daily?
In the world of presettlement funding I am looking for people who need cash before the settlement. I rely solely on referrals. How am I to expect referrals if I am not GIVING referrals or something that others might find resourceful?
I am guilty of sending to law firms on a monthly basis letters asking them to send me their clients who needed a lawsuit advance. In fact I did this for over 2 years! If you were an attorney, would you get sick of my letter arriving each month with nothing other than a request? If your plaintiff needed a lawsuit cash advance, are you going to refer them to the broker who does nothing but request things of you or the broker who GIVES to you referrals and valuable resources?
That has all changed since meeting my keep in touch expert. She first had me read a book called Book Yourself Solid. Then she shared with me a resource called Send Out Cards. This resource has changed the way I do business and changed the way my firms feel about me.
In keeping with the idea of “sending out to give”, I am STRONGLY recommending to all of my friends, colleagues and law firms that they use this system so they too can get back 10 times what they send out.
Please call 866-652-0699 if you have any questions regarding my keep in touch system.
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.
-
Subscribe
-
Recent Posts
- Dallas Texas Now Has a Local Resource for Lawsuit Cash Avances, Otherwise Known as Presettlement Funding!
- Rob Thomas Legal Funding saves the day with a holiday lawsuit cash advance!
- You don’t really want a lawsuit cash advance, you want something else!
- Lawsuit Cash Advances on Soft Tissue Cases
- Does the Bailout situation affect lawsuit cash advances? by Rob Thomas
- Short on money for the holidays? Get a lawsuit cash advance!
- How not to be treated by a lawsuit cash advance funder or broker. By Rob Thomas
- Are you an Ideal Client for Presettlement Funding?
- I have a bailout plan for those in lawsuits who need money now, it’s called a lawsuit cash advance! by Rob Thomas
- Because AIG was caught mishandling the bailout funds, I am switching auto insurance!
-
Categories
-
Archives
-
Links
- Book Yourself Solid - Great book for those who want to naturally grow their business even if they hate selling and marketing.
- Custom Shirts at boldly lower pricing - Kim Barnes is my custom shirt representative with jhilburn and can be reached at kim.barnes@jhilburn.com
- Development Blog
- Documentation
- Law Funder - Leader in lawsuit cash advances. My primary source for transactions.
- Law Office of Kristine Bridges - Dallas Family Law firm and friend of Rob Thomas
- Law Office of Lewis White - Lewis practices criminal law and family law in Dallas & Fort Worth Texas
- Need an attorney referral? - This is a new website for legal news, firm referrals, other legal type services etc.
- Plugins
- Suggest Ideas
- Support Forum
- Tampa Personal Injury Attorney - Christopher Ligori is one of Tampa’s top personal injury attorneys and a friend of Rob Thomas.
- Tana Mossa - Personal Trainer - Tana is a results oriented personal trainer who will bring the gym to you.
- Themes
- Think Big Revolution - This is a site for those who want to be around other who think bigger about who they are what they offer the world. It is a very positive Facebook.
- Traffic Ticket Attorney for Collin County - Paul Essenburg is a very experienced attorney with a law degree from Baylor University. He has years of experience with criminal law, family law and personal injury law. If you ever get a ticket in Collin County and want someone to handle it for you, he i
- Where does your money come from? - This cartoon explains why you have to work harder and harder and longer and longer to get the same reuslt. It explains the fraud behind our money system.
- WordPress Planet
-
Meta
