The most common question we get after “how does it work?” is: how much money can I actually get? The most plaintiffs receive between 10% and 20% of their expected settlement value as a cash advance. Here is a simple way to estimate your own number: These are estimates. The exact amount Nova Legal Funding can offer depends on...
Continue ReadingOur Lawsuit Loan Interest Rates The average interest rate on our lawsuit loans is 4% per month. So, if you get a $10,000 advance, the 4% monthly interest comes out to $400 per month. If your case settles 12 months later, you will owe: $10,000 + ($400 x 12) = $14,800. Use the lawsuit loan calculator below to see...
Continue ReadingIf you’re involved in a pending lawsuit and facing financial pressure, you may have looked into pre-settlement funding as a way to cover bills, rent, or other living expenses. But many plaintiffs wonder: can my lawyer deny me from getting a pre-settlement loan? The short answer is no, they can’t. However, the decision to seek a pre-settlement cash advance...
Continue ReadingThis article will explain why it is impossible to guarantee pre-settlement funding and what necessary information lenders like us need to determine your eligibility. Understanding Pre-Settlement Funding Pre-settlement funding provides plaintiffs with a cash advance on their pending lawsuit settlements. This financial assistance is often crucial for covering living expenses, medical bills, and other costs while awaiting the resolution...
Continue ReadingThere are no rules or laws that prohibit lawsuit plaintiffs from getting more than one pre-settlement loan. If you have received pre-settlement funding already, but require access to more cash, you have every right to apply for more funding. A responsible pre-settlement loan company will evaluate the facts of your case and determine whether they can offer you an...
Continue ReadingIs pre-settlement funding the same as borrowing money against your lawsuit settlement? The way pre-settlement funding works is it’s a non-recourse cash advance. This means that you, the “borrower”, are not obligated to pay back the funding if you don’t end up winning your lawsuit. In this way, you are not technically borrowing money against your lawsuit settlement. Rather,...
Continue ReadingWhen you finally reach a settlement, there are a few more things you and your lawyer need to do before the defendant gives your lawyer the check. Even so, once the check reaches your lawyer, there are a few obligations they must attend to before they give you the final balance. What Factors Delay My Settlement Check? Depending on...
Continue ReadingIf you suffer injuries in a car crash, you might need to visit the doctor, miss work, or have your car repaired to get your life back on track. Hiring a lawyer helps you pursue the compensation you deserve and avoid liability for the accident, making recovery easier. What to Do After a Car Accident That Was Not Your...
Continue ReadingPresenting a personal injury claim is not always a smooth process. There may be months of negotiations or a lengthy court battle. As you head toward the finish line, your case might be on the verge of settling. Or, if your case is in litigation, you might receive a jury award in your trial. Understandably, you are likely wondering...
Continue ReadingOne of the biggest questions you might have if you want to pursue a personal injury case is: how long will it take to settle? This question usually comes up if you have an injury that prevents you from working or requires expensive treatment, leaving you struggling with medical bills, legal fees, and even basic living expenses. Here, we...
Continue Reading