Is There A Request For Early Settlement Lurking In Your Portfolio?
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How well are you in touch with the financial condition of your clients? Is there someone who has been relatively quiet and apparently willing to endure the waiting associated with a personal injury case? Do you know if they are doing OK with their financial obligations, or is it possible that they are about to go bust and haven't called you because they don't know they have options?
What about clients who have already received a round of lawsuit funding? How long ago was that? Do they still have sufficient cash to keep going with the settlement process, or do they need a second round of funding?
When clients ask that you settle early because they cannot wait any longer for cash they are not doing themselves, or you, any favor. The best possible scenario is that you have the time it takes to bring the case to a fair and just settlement or judgment. Educating clients that are under financial duress that they have options can greatly reduce the number of requests to settle early for less.
However, you need to know who needs the education. At Multi Funding USA we suggest that you set aside a little admin time and touch base with your portfolio with the objective of identifying those clients who would benefit from lawsuit funding. Short stopping a request for early settlement by offering an alternative is not only a valuable service rendered on your part, but it also minimizes the risk of an unexpected request popping up in the future.
If you would like more information about Multi Funding USA, please visit our website or call our 24/7/365 customer service center at 888-957-8880. |
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We have representatives standing by 24/7/365 waiting to assist you. Visit our Website, contact us toll free at 866-957-8880, or initiate a Live Chat today.
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