Do you know what the keys are to getting lawsuit loans accepted? Once you’ve teamed up with a broker who works only with reliable lenders, you’re well on your way.

It is important to realize that in virtually all cases, the lender has no idea who the applicant is and must rely on the information provided. So, step into the lender’s shoes for a moment. What do you look for in determining whether you are making a sound-investment by loaning money to an individual?

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!

The following are two cases for which individuals went to the trouble of completing and submitting applications, ostensibly to obtain a pre-settlement loan. To whom would you loan the funds?

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.

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.

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.