This just in: I fund Pharmaceutical Negligence Cases!

June 29, 2010

This was sent to me from my funding source last week:

I’m writing a quick note to share that we have some good news. In addition to the pharmaceutical cases we can already underwrite (Accutane, Baycol, Fen Phen, HRT, Ortho Evra, Paxil, Prempro, Vioxx and Zyprexa, as well as asbestos/mesothelioma cases), we are adding Avandia to the list of reviewable cases.

Along with the application, we simply need a retainer agreement, the face page of the complaint (or whole complaint if it’s easier to obtain), and what the health-related issue is caused by the Avandia. Also, if the case submitted is in the first group, we would need the settlement letter.

Call me to get started at 214-628-0920!

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

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

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

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

Lawsuit advances on Employment Discrimination cases

June 11, 2008

Employment discrimination cases are a growing sector of the annual inventory of new lawsuits. I get the question often from those who find me on the web if presettlement funding is available on this type of case.

The answer is yes. Although they are much more sophisticated type of lawsuit, they still qualify for plaintiff funding. In fact, I successfully funded one last month. The plaintiff received a $5ooo advance and was very happy. The attorney was pleased as well because if their plaintiff couldn’t have afforded to go much further, then they both would have had to settle and take a lower amount than what they could have gotten if they held out.

It is horrible that employment discrimination exists. It is great that settlement funding exists to help those who are going through a lawsuit because of it.

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