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 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.

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

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.

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

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.

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

Businesses who are in a lawsuit and need money can use their settlement to move ahead.

May 22, 2008

This subject is hardly known. As a matter of fact 99% of businesses do not even know that this type of help exists.

I can see how a lawsuit cash advance would be more advantageous than a loan from a bank. The main advantage being that additional debt is not created. For more on where our money comes from see my other blog and watch the video. Instead, the business is using an asset - the settlement that they just don’t have in their hands at this moment. The wealthy use their own assets all the time instead of creating debt.

It must be hard for a business who is challeneged with trying to move thier business ahead in this confused economy to afford a lawsuit and pay for every hour that their attorney is billing on thier case. That money could have gone into marketing or other expenses to move the company forward. I can see too how the attorney would like to know that this exists so when his client calls and says, “we can’t afford this anymore” then he could refer them to a broker who funds commercial cases.

Games are no fun to play if you do not know the rules. Knowing that this rule exists - getting an advance on your lawsuit, helps tremedously.

Posted by Rob Thomas | Filed Under Blog, lawsuit advance, lawsuit cash advance, litigation funding, presettlement funding | 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 

“Bottom feeding M@#%er F%^&*er”

May 1, 2008

I received an inspiring comment which I deleted this week from someone who visited my blog and left me a comment calling me a “Bottom Feeding MF’er”.

I of course deleted it. I am surprised that individual took the time to visit my site, read my blogs and then came to the conclusion that because I help people get lawsuit cash advances on their divorce settlement and personal injury settlements I must be a bottom feeder. What would a top feeder do on this planet?

I usually get very inspired by this because it tells me I am getting attention. I got his attention for sure. It means my word is getting out there and that is EXACTLY what I want. I also find that people who are not in agreement with what I do are ignorant of what money really is, where it comes from, and the subject of help. Once they understand what I do they usually change their viewpoint.

That person is entitled to his opinion. I am glad we live in a coountry where we have the freedom to disagree, even if it is only for a while longer.

Posted by Rob Thomas | Filed Under Blog, divorce settlement, lawsuit advance, lawsuit cash advance, lawsuit funding, litigation funding | 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 

CASH IN 24 HRS!

April 23, 2008

Damn them. The others in the lawsuit finance business are killing it for the rest of us. They are giving help a bad name and making you skeptical of help. They are making it harder for me to help you - the plaintiff. They are lying to you and making me look slow. They are undeserving of your business. They make you mad and you might even think this business is a scam! You then call me and this is how I find out about these liars.

WHY DO THEY ADVERTISE “CASH IN 24 HRS”?

They do this to trap you in their web so that once they FINALLY get you approved for lawsuit funding (usually for a lower amount then what you needed) you have no other option but to get funded through them.

They also do this because they don’t know how to write ad copy to get your attention any other way than to lie.

They have no consideration of you which is why they don’t mind lying to you. Their viewpoint is, “Ah, if they need the money bad enough they’ll wait!”.

Do not reward these people, they only get stronger and get more resources so that they can lie to even more people through more ads!

I had a workers comp case this week get funded in the same day. That was once in 4 years! The only reason that happened was because everyone was playing the game together as a team and made this their priority. This is not an everyday occurence.

Choose your lawsuit cash advance and lawsuit funding broker wisely.

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 

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