Unpaid Wages and Overtime Lawsuit Settlement Loans

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There are many ways an employer and employee can have friction. These include harassment, discrimination, and wrongful termination. One of the most frustrating, though, is unpaid wages. Imagine having an agreement with an attorney who does not honor that agreement. Instead of receiving what’s owed, you get less or nothing at all.

The US has laws to prevent this sort of thing from happening. The Fair Labor Standards Act of 1938 is a perfect example. Some employers still underpay their clients or even pay them nothing for their hard work. Taking them to court to get it back can be a long and scary process.

Nova Legal Funding provides pre-settlement loans for many unpaid wage claims. To get the loan process started so you don’t have to wait until your case settles, call us at (800) 760-0704 or fill out our online application.

Unpaid Wage Claims – Facts & History in the United States

There’s been a rocky history in our country when it comes to getting paid for work. It was in 1938 when the most famous employment law was passed, the Fair Labor Standards Act. It achieved many things. It laid out a minimum wage (which gets updated every so often as inflation occurs). It also has provisions for working overtime, including how many hours that is and how much the employer must pay. There is a section about child labor and another about proper record keeping. It advocated for the worker like nothing before.

Many companies and bigger corporations try to find ways around this. Some hire very expensive and successful attorneys to try to get away with paying less than is owed. Some refuse to use written contracts and use verbal agreements or “handshake” agreements. This prevents a paper trail to hold them accountable. Some sculpt a worker’s hours in such a way as to prevent adequate payment. Other still simply break the laws.

Many workers don’t report these claims for fear of retaliation. Everything from being fired to being demoted to the lowering their salary frightens clients. However there are many others that fight for what’s theirs.

What is My Unpaid Wage Claim Worth, and How Long Before it Settles?

Every employer and situation is different. One plaintiff may be trying to collect double overtime wages, another might just be trying to get paid for an extra project they agreed to. Not only that, state laws about wages vary quite a bit. The rules from the Department of Labor and Workforce Development in NJ are very different from that of Kansas. These are all taken into account when putting a value on a case. Giants like Bank of America have had to pay a massive settlement ($73 million in 2013) but that was distributed to many many clients. Smaller cases for less sleights might be for $20k or $50k. It depends on the details of the cases.

As with the value, there’s no one right answer. Some unpaid wage claims are between one employee and his/her employer. Others, like the BoA case, involve thousands or tens of thousands of claimants. This will vary the length tremendously. Also because the wage laws in each state are different, it makes it difficult to pin down how much yours might take.

Some companies try to settle these quickly so as not to put a bad word out about the company. Others fight in court. Getting a pre-settlement loan from Nova Legal Funding might help you while you wait.

Why Choose Nova Legal Funding For Your Pre-Settlement Loan?

Nova Legal Funding makes it easy to get approved for funding. We work with your attorney to get the details of your case to see how much you qualify for. Often times a decision can be made within 48 hours. You pay nothing up front and make no monthly payments after we fund.

We also know you value your privacy and so do we; your information is kept private. While you wait for your settlement, we can help get money in your pocket now. Call us at (800) 760-0704 or apply online to start the process today.

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