Put yourself in the lender's shoes! What is it that you would want to see prior to loaning someone your money? Remember, in almost all cases, the lender will have never met the applicant. The lender must rely simply on the documents submitted for review.
It is axiomatic that the application is a critical component in obtaining your loan settlement! It is amazing that many individuals submit partially-completed applications, and contact us almost immediately asking why they have not obtained the loan settlement requested. Frankly, if you're not willing to complete a one-page application, it is unlikely that you'll find either a broker or lender who will be interested in devoting much time on your case.
You need to grab the lender's attention right out of the gate! If you're able to do so quickly, your application will be well on its way to being processed and funded. However, if you fail to do so, you greatly minimize the likelihood of success in obtaining the loan settlement that you seek. The lender wants to approve your request, but must submit your claim to underwriters for approval. Those underwriters will scrutinize your claim very carefully prior to issuing non-recourse funding.
I have provided two examples for you to review and would ask you to make a determination as to which, if either, of these applicants would you provide funding:
In the first case, an applicant informed us of the following: "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."
In the second case, the applicant informed us of the following: "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, although humorous, did not receive funding? Would you be surprised to learn that the motorcycle incident-applicant was funded? I suspect that we would all agree on the candidate to whom we would issue a non-recourse loan settlement.
The moral of the story is, prior to submitting an application to obtain a loan settlement, ensure that your case is meritorious. If you're only able to make a "red-faced" argument to support your case, your chances of obtaining a lawsuit loan are slim-to-none! - 29904
It is axiomatic that the application is a critical component in obtaining your loan settlement! It is amazing that many individuals submit partially-completed applications, and contact us almost immediately asking why they have not obtained the loan settlement requested. Frankly, if you're not willing to complete a one-page application, it is unlikely that you'll find either a broker or lender who will be interested in devoting much time on your case.
You need to grab the lender's attention right out of the gate! If you're able to do so quickly, your application will be well on its way to being processed and funded. However, if you fail to do so, you greatly minimize the likelihood of success in obtaining the loan settlement that you seek. The lender wants to approve your request, but must submit your claim to underwriters for approval. Those underwriters will scrutinize your claim very carefully prior to issuing non-recourse funding.
I have provided two examples for you to review and would ask you to make a determination as to which, if either, of these applicants would you provide funding:
In the first case, an applicant informed us of the following: "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."
In the second case, the applicant informed us of the following: "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, although humorous, did not receive funding? Would you be surprised to learn that the motorcycle incident-applicant was funded? I suspect that we would all agree on the candidate to whom we would issue a non-recourse loan settlement.
The moral of the story is, prior to submitting an application to obtain a loan settlement, ensure that your case is meritorious. If you're only able to make a "red-faced" argument to support your case, your chances of obtaining a lawsuit loan are slim-to-none! - 29904
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