Lawsuit Loans – Caveat Emptor!

Written by Wayne C Walker

Continued from page 1
2.How many cases have you funded (approximately)? CapTran for example, has handled over 10,000 funding requests and invested in several thousand of them. 3.Do you use your own money or are you a broker for others? Be wary of companies that are members ofrepparttar American Cash Flow Association as they almost certainly have no experience. Also be wary if a human never answerrepparttar 148686 telephone, as that is surely an indication ofrepparttar 148687 level of service you are likely to get. 4.Who owns your company? 5.What is their business experience? 6.Do you have lawyers and paralegals on staff? 7.Whatrepparttar 148688 Annual Percentage Rate (APR) you charge? (If you are quoted a monthly rates seerepparttar 148689 next question.) You will probably be told that it depends on your case, which is true, but they can tell you what they charge for a typical case. If they tell you there are no typical cases hang up and gorepparttar 148690 next company on your list. You should expect to pay simple interest rates as low as 2% per month for a case where strict liability standards apply; 4% to 6% for a typical auto case, and; 6% or higher for medical malpractice. ANY rate higher than 7% per month can be bettered with a little shopping. 8.Are your monthly fees compounded? Many companies advertise deceptively low rates but load uprepparttar 148691 contract with many charges and monthly compounded rates. The most common practice is to charge an application fee and/or a closing fee that is sometimes 10% or more ofrepparttar 148692 amount you are advanced. If you contract for $10,000 you might be charged an application fee of $500 AND another fee equal to 10% or $1,000 – a total of $1,500 in fees. Now, here isrepparttar 148693 best part – you will have to pay interest on $11,500 – interest onrepparttar 148694 $1,500 you didn’t even get! In this example, if you were charged a 4.00% compounded monthly raterepparttar 148695 true annual cost is not 48% but 75%! In this scenario it would be cheaper to take a 6% simple interest rate from someone else. DO NOT AGREE TO PAY COMPOUNDED RATES! Almost every client we deal with thinks that their case will settle in a short while, but personal injury cases can drag on and on for many reasons and those compound fees can eat up all of your settlement if your case takes much longer than you anticipate. 9.Do you charge any fees or discounts of any kind? This is very important as some firms charge a low monthly rate but add on application fees, discounts and other hidden charges that will dramatically raiserepparttar 148696 cost. 10.Will you send a sample contract to my attorney? Any reputable company will do this. 11.Can you give me an attorney with whom you have done business for a reference? Any reputable company will do this also. 12.Are you a member ofrepparttar 148697 Better Business Bureau? CapTran is a member ofrepparttar 148698 BBB online and subject to mandatory dispute resolution. 13.If not, do you have a mandatory dispute resolution policy? What is your rescission policy? CapTran’s policy allows for rescission for up to 5 business days after funding. If you follow these tips and ask these questions, your chances of findingrepparttar 148699 right funding company andrepparttar 148700 best deal for you are excellent. Armed with a little preparation andrepparttar 148701 age old admonition caveat emptor – letrepparttar 148702 buyer beware, you can successfully obtain a pre-settlement advance that allows you to stayrepparttar 148703 course and get a much better case settlement.

[1] This is a complicated topic but, generally speaking, if repayment of any part ofrepparttar 148704 principal or interest is contingent on an event that is “more than a mere colorable hazard”,repparttar 148705 transaction is not considered a loan and not subject to usury laws.

[2] American Cash Flow Association™ ( ACFA ), also known asrepparttar 148706 American Cash Flow Institute ™ ( ACFI ), American Cash Flow Corporation™ ( ACFA ), National Mortgage Investor's Institute ( NMII ), Diversified Cash Flow Institute ™ ( DCFI ), among many other names – were all founded by Orlando lawyer Laurence J. Pino , who reprimanded byrepparttar 148707 Florida Bar Association for misusing an investor’s funds.

On June 20, 2003repparttar 148708 State of Tennessee issued a Cease and Desist Order in whichrepparttar 148709 State charged that American Cash Flow Corporation together with 12 related businesses and 12 named individuals “operated an illegal securities scheme that promised to make investors throughrepparttar 148710 business of brokering “cash flow transactions”. Pino was cited byrepparttar 148711 Attorney General of Tennessee in 1996 for a similar scheme underrepparttar 148712 name of Diversified Cash Flow Institute ™. At that time DCFI paid fees and costs torepparttar 148713 state of $10,284 for violatingrepparttar 148714 Tennessee Consumer Protection Act of 1977. Noted Columnist Jane Bryant Quinn also wrote disparagingly about Pino and his operations in The Washington Post 0n June 18, 1998 "Note Brokering: Harder Than it Sounds" "Pino, 46, a lawyer in Orlando, Fla., describes himself as an "exceptional business trainer." His seminar experience goes back to 1983 - not always inrepparttar 148715 best of company. He first lectured for huckster Charles J. Givens Jr., who ran some dubious financial-planning organizations. In 1993 and again in 1996, juries decided that Givens had committed fraud. Later, Pino taught for Dave Del Dotto, an earlier popularizer of "cash flow," who settled an FTC action in 1996 with a $200,000 fine. (Del Dotto went bankrupt;repparttar 148716 FTC says he never paid). Pino himself was reprimanded byrepparttar 148717 Florida Bar Association in 1988 for misusing an investor's funds." And in Newsweek reporter: Show Me The Money" "Larry Pino's pricey cash-flow workshops plug an easy way to get rich quick. It's a real business, all right -- but there isn't much easy or quick about it."

Wayne C Walker President of Capital Transaction Group Inc "CapTran" a leader in Litigation Financial Services

Wayne Walker is President of Capital Transaction Group Inc, a leading litigation financial services company.

Ten tips for choosing a personal injury solicitor

Written by Paul Johnson

Continued from page 1

5.Do you take any deductions from my compensation? If you win your claim, your solicitors will be able to charge a ‘success fee’, and this is usually paid for by your opponent’s solicitor. However, any amount ofrepparttar success fee not paid by your opponent’s could come out of your compensation. You should choose a solicitor that guarantees you receive 100% compensation.

6.Do you specialise in my type of personal injury? The issues surrounding different types of injury vary considerably, and it is important to choose a solicitor who understandsrepparttar 148093 issues relating to your particular injury. They can then help to organiserepparttar 148094 most relevant treatment and rehabilitation as well as ensure you receiverepparttar 148095 maximum amount of compensation for your injury.

7.Do you have access torepparttar 148096 best rehabilitation and treatment services? An injury can dramatically alter a person’s life and in many cases no amount of compensation can restorerepparttar 148097 type of lifestyle they had beforerepparttar 148098 accident. You should choose a personal injury solicitor that arranges rehabilitation and treatment withrepparttar 148099 UK’s best medical centres to ensure you recover as quickly as possible.

8.Will you visit me at home or atrepparttar 148100 hospital? If you would prefer to speak to a solicitor face-to-face about your claim, you should choose a solicitor that will visit you at home or in hospital. This doesn’t necessarily mean a local firm, as many ofrepparttar 148101 leading solicitors are happy to travel to different parts ofrepparttar 148102 country to discuss you injury.

9.Do you have any feedback from previous customers? Previous customers arerepparttar 148103 best judge of a solicitor’s service. So why not ask your solicitor if they have any customer feedback that you can see.

10.Will my claim be dealt with professionally and compassionately? Being involved in an accident can cause a dramatic impact onrepparttar 148104 lives ofrepparttar 148105 injured person and his/her friends and family. Whether you have suffered a minor injury or more serious one, you should choose a personal injury solicitor that understands these issues and deals with your claim sympathetically as well as efficiently.

Paul Johnson Customer Services Manager

George Ide, Phillips is one of the UK’s leading personal injury solicitor firms organising compensation and rehabilitation for people injured in a non-fault car accident, industrial accident or other type of accident. Our service is completely cost-free and risk-free.

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