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 

“Presettlement Funding is Scary.”

June 16, 2010

This is a popular viewpoint among plaintiffs who have a personal injury lawsuit and are waiting on a settlement but need money NOW for bills, food, mortgage, etc.

But is it TRUE?

It is true if you have called one of THOSE companies. Those companies are the ones you see on TV. Those presettlement funding companies are the ones who when you called them just tried to corral you into giving them information for their application. Those companies are the ones who want their questions answered but try not to answer your questions of “how much are your rates” etc. Those are the companies whose employees when they answer the phone sound miserable or sound like a robot.Those companies have the viewpoint of “they are desperate so they will wait for their lawsuit advance” so they take their time - YOUR TIME. They also think “they are desperate so they will not mind this high rate” knowing that you will sign their contract.

That IS scary isn’t it?

Ever wondered if it could be different?

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

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 

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 

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 

Dallas Texas Now Has a Local Resource for Lawsuit Cash Avances, Otherwise Known as Presettlement Funding!

January 4, 2009

Having a local resource is important. Not just in the world of lawsuit cash advance, but for most need based decisions.

Most people who get lawsuit cash advances directly through funding sources do not have this luxury. There is no relationship. The person who helped you get an advance could care less about you.

Law firms are looking for a face. They want someone local. They want one person to count on to help their clients. I am REAL to my firms. The funding sources are not as real. Instead, they are just a voice or a document, stationery, etc.

I have relationships with many firms in Dallas, Houston, Los Angeles, Clearwater, Naples, Sarasota, Bradenton, New Port Richey, Lutz, St. Petersburg and Tampa. Tampa is where it all started for me in presettlement funding.

I am a broker located in Dallas now but visit Tampa and the cities around it often. I am actively building relationships in your area, possibly even with the firm you hired.

To learn more about lawsuit cash advances take the time to read my blog. You will be glad you did and you will have more control over the transaction if you do.

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

Are you an Ideal Client for Presettlement Funding?

October 27, 2008

I get calls all day long from people who are looking to get presettlement funding also known as lawsuit advances. The severity of their injuries range from “soft tissue” to “catastrophic”. Let me explain:

90-95% of a lawfirm’s inventory are cases that fit under the category of “soft tissue”. This means there is no disk damage, fracture or broken bones. This is great! I always feel empathy for the person who calls with the catastrophic injury and truly they are the ones whom the lawsuit advance industry was created for.

But, seeing that 90-95% of the motor vehicle accident lawsuits are soft tissue I can’t leave them without the opportunity to recover money for the time they have not been able to work. I found a company that will fund soft tisuue cases. The only drawback is that it grows at 8.99% interest monthly for 2 years. This means after 2 years it stops accumulating interest. For those of you who are a soft tissue case we can still get you a lawsuit advance! You pay nothing unless and until the case settles.

The catastrophic cases are ideal and here’s why:

1. The cases are always bigger than soft tissue cases so there is actually room to advance money and have it grow at interest.
2. The injury is more severe than a soft tissue case so it yields more money at settlement from the insurance companies.
3. The plaintiff usually cannot work, literally, physically speaking. On soft tissue cases, the plaintiff usually is back at work pretty quickly.
4. Seeing that the injury is so bad, the liability (meaning who was liable) is usually stronger.

I am willing to serve both catastrophic cases and soft tissue cases and I find that my ideal client has the following qualities:

1. They have already made a decision that they want a lawsuit advance/help.
2. They have decided they want a broker to handle it for them (no cost to them with me).
3. They are honest with me about their injuries.
4. They move fast.
5. They are grateful.
6. They expect good service.
7. They expect the lowest rates.
8. They listen to me so they understand better.
9. They follow my lead.
10. They are a team player.

These are the people who energize and inspire me and ALLOW me to do my best work. I will dive after a rolling donut on a gravel highway for these people because my morale is so high.

Are you an ideal client for presettlement funding?

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

Which is better, monthly compound interest or a flat fee for my lawsuit advance?

July 21, 2008

Until recently most companies offered one or the other but not both. I offer you both because I know that some of my clients and their attorneys can predict with accuracy when the case will settle. For this situation I would only recommend the monthly compound interest structure. The only other reason i wuld elect to use this structure is if one of my clients is fixated on the monthly rate. In addition to the lawsuit cash advance, the finance company adds a $250 processing fee and a broker commission (if a broker is involved). That all grows at interest.

The flat fee structure is great because there are no fees. Only the amount advanced is growing at interest. While the client has to pay for 6 months interest even though it may have settled in month 13, they still come out ahead because in the finance game it isn’t only the rate that matters. What matters most is the principal or the amount advanced.

If you are seeking a lawsuit loan use a presettlement funding broker so he or she can help you decide which is best for you. The brokers also tpically provide better service than you would get by going direct because their livelihood depends on it.

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

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