How Do You Get Lawsuit Loans Accepted?

What are the keys to getting lawsuit loans accepted? Assuming you’ve found a good broker who works with legitimate lenders, it is really relatively simple.

Put yourself in the lender’s shoes. If you were going to loan money to an individual, for what would you be looking to determine whether the investment was likely to be sound? Remember, in almost all cases, the lender has no idea who the applicant is, and must rely on the information provided.

A critical component, therefore, to obtaining settlement funding is the application! Partially-completed applications are frequently submitted to us, only to be followed shortly thereafter with an inquiry as to why the applicant has not received the lawsuit loan requested. High on my list of priorities certainly is not loaning money to an individual who is too lazy to complete a one-page application!

You must provide a compelling case to grab the lender’s attention. If you fail to tell the lender what it is that serves as the basis of the claim against which you are requesting a pre-settlement loan, your chances of obtaining settlement funding are virtually nil!

For your reading pleasure, I have provided two cases for which individuals actually completed applications and submitted them, purportedly in an effort to obtain a pre-settlement loan. Which of the following incidents would likely compel you to offer a lawsuit loan?

Good Will Store Incident: 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.

Incident involving injuries sustained in a 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.

Would you be surprised to learn that the Goodwill Store incident, while colorful, was not funded? Would you be surprised to know that the motorcycle incident was funded? I didn’t think so.

Looking to find the best deal on lawsuit loans, then visit us to find the best advice on your lawsuit loan today.

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