Put yourself in the underwriter\’s shoes! What is it that you would want to see prior to loaning someone your money? Remember, in almost all cases, the underwriter will have never met the applicant. The underwriter must rely simply on the documents submitted for review.
Of course, the request for funding is a critical component in obtaining your lawsuit loan! Frequently, individuals submit partially-completed request for funding, and contact us asking why they have not obtained the lawsuit loan requested. In reality, if you\’re not willing to complete a one-page request for funding, it is unlikely that you\’re serious about obtaining the funding that you identify.
To get things started, you must grab the underwriter\’s attention. If you fail to grab the underwriter\’s attention from the outset, you significantly decrease the chances of obtaining the funding that you seek. You should recall that the underwriter is looking for reasons to provide the lawsuit loan you request, not reject it. However, the underwriter is going to have to submit your request to underwriters who will look very closely at your case prior to providing non-recourse funding.
I\’ve provided two cases for which individuals went to the trouble of completing and submitting request for funding, ostensibly to obtain lawsuit loans. Once you review these cases, which one, if either, would you consider the likely candidate to receive funding?
The first case deals with an incident that occurred in a Good Will store. The applicant stated, \”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.\”
The second case deals with the motorcycle incident. The applicant informed us, \”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 lawsuit loan.
The moral of the story is, prior to submitting a request for funding to obtain a lawsuit loan, 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!
Looking for more information on a lawsuit loan? Then let Legal Settlement Loans educate you more on lawsuit settlement loans. Visit the LegalSettlementLoans.com website today where you can apply online for a lawsuit settlement loan or review our lawsuit loan frequently asked questions archive.
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- Lawsuit Loans: Does Your Case Have What it Takes to Qualify? Part I
