- 25
- Oct
Would you like to have the keys to getting lawsuit loans accepted? It is relatively simple, assuming you’ve found a broker who works with reliable lenders.
The fact that the lender often has no idea who the applicant is, it is important to realize that the lender must rely heavily on the information provided. Take a moment to view the process from the lender’s perspective. If you were considering loaning money to an individual as a sound-investment, what are some of the things for which you would be looking to make such a determination?
To obtain settlement funding, one must realize that the application is a critical component! In this process, individuals often readily contact the broker to ask why they have not yet received the lawsuit loan requested, only to find out that the application is woefully incomplete. If I were the lender, I must admit that providing settlement funding to someone too lazy to complete a one-page application would not be high on my list of priorities!
It is essential that you grab the lender’s attention with a strong case. Your chances of obtaining settlement funding are virtually zero if you fail to let the lender know what it is on which you base the claim for which a pre-settlement loan is requested.
Two actual cases for which applications were submitted in an effort to obtain a pre-settlement loan have been submitted to enable you to assess, from your perspective, which applicant is likely to succeed. Do you find either of the following incidents sufficiently compelling for you to offer a lawsuit loan?
Incident occurring in a Goodwill Store: I was at a Goodwill store, sorting through the clothes when a coat hanger jumped out and smacked me on the bridge of my nose.
Motorcycle Incident: Accident occurred in June of 2007. I was on a motorcycle. The car driver was traveling in the opposite direction and turned left in front of me. The car driver was cited for failure to yield.
Although the Goodwill Store incident is quite colorful, would it surprise you to learn that the applicant’s request for funding was denied? Would it surprise you to learn that the Motorcycle incident did obtain settlement funding? It is unlikely that either outcome surprised you.
Learn more about lawsuit loans. Stop by Dr. Tom Rhudy’s site where you can find out all about settlement funding and what it can do for you.
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