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 

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 

I believe in radical transparency!

July 27, 2009

Whomever said “what you don’t know can’t hurt you” wanted you to get hurt. In business as in personal matters it is not true. I have always said that the more you know the more control you have.

Look at the other lawsuit loan funders. Do they have real pictures on there or something that the web designer used? Do you feel that you know them by visiting their website? Does it make you say, “I can trust this guy/gal”? Do they tell all regarding rates and what you actually have to do to get the lawsuit loan? Are they real in their time estimates?

Rob Thomas Legal Funding STANDS on the virtue of transparency. Here you will be assured that you are dealing with a real person (view website pic, that is ME). You will have all of the info you need to gain control over the process (visit my blog). You will be given real time estimates rather than the CASH IN 24 hrs BS that the lawsuit loan funding companies so proudly lie about just to get you in their trap.

There is a reason I have survived 100% off of referrals and web business rather than advertising. I feel it is because of the above. Want to find out from personal experience what it is like to let me serve you? Call the number above and let’s get started!

Posted by Rob Thomas | Filed Under Blog, lawsuit advance, lawsuit 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 

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.

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

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!

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

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.

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

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.

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

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