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 

Gas isn’t “going up”. Your dollar’s value is dropping. Does this effect your lawsuit cash advance?

July 3, 2008

Of course. The dollar has been on a downward slope since 1932 when we experienced the Great Depression. From that point on The U.S. gov’t has been bankrupt to private bankers known as “the Fed”. This is why it says “FEDERAL RESERVE NOTE” at the top of all your dollar bills. Have you recently looked up the definition for the word “note”? You will be astounded to know that you are holding an IOU.

The Federal Reserve is no more federal than Federal Express. Do not mistake them for being the gov’t. They are private bankers who conned your congress in 1913 to be the sole bank system for the U.S. This is unconstitutional by the way. See Article 1, Section 8E of your constitution.

So, just like anything else, the more you have of something, the less valuable it is. The Fed prints the stuff out of thin air. So essentially your lawsuit settlment is dwindling because so is the dollar.

It makes sense to get the current value of the dollar on your settlement by getting a presettlement loan. Just make sure you use it to create more money or you convert it into a tangible asset like silver, gold, real estate, land. Cash has become trash.

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

Next Page »