NOTE: This information is not a substitute for seeking advice from your lawyer about whether a lawsuit loan is right for you. Before applying with a pre-settlement loan company, talk to your attorney about all of your options. You should never sign any paperwork from a lawsuit loan company without reviewing it with help from your attorney and making sure that all of your questions about the pre-settlement loan process are answered. This guide was prepared by Nova Legal and is an advertisement for Nova Legal.
10 Reasons Why Nova is the Best Pre-Settlement Funding Company in 2022
Obviously, we are biased. But we also genuinely believe that we are your best option for a lawsuit loan provider. Why? Because being the best is the goal we’ve worked toward every day for the past decade.
Here are 10 reasons why we think you should consider us first when looking for the best lawsuit funding company.
- We have over 500 positive reviews
- We have been around for a decade
- We offer the lowest rates in the industry
- We work hard to make the process easy for you
- We speak lawyer
- We are transparent and honest
- We balance speed with thoroughness
- We are industry thought leaders
- We are human
- We believe that what we do matters
- No Credit Card
- No Pushy Sales Person
- Get Approved Fast
- Repay $0 If you lose
We have over 500 positive reviews
That doesn’t happen by accident, and it doesn’t happen overnight. We work hard to deliver a positive, efficient experience to each and every client. We encourage you to check out what our clients say about us on Google and Trustpilot.
We have been around for a decade
Settlement funding is still a relatively young industry, and new lawsuit funding companies are popping up every day. When you choose Nova you can be confident knowing that we’ve been around the block, and we are here to stay.
We offer the lowest rates in the industry
At the end of the day, we want you to keep as much of your settlement as possible. That’s why we offer the lowest rates in the industry. To see what we can save you compared to other funding companies, check out our lawsuit loan calculator.
We work hard to make the process easy for you
People come to us because they have too much on their plate already, which is why we take seriously our duty to make this process simple for you. That means clear communication, fast follow-up, and complete transparency.
We speak lawyer
To get a pre-settlement loan, you need to have an attorney representing you. We know how to communicate with your attorney in order to move the process along and ensure that everyone is comfortable with moving forward.
We are transparent and honest
Businesses that aren’t don’t tend to last as long as we have, or to have the track record we do. We value long-term thinking which means never compromising our values of being honest, and transparent with our clients.
We balance speed with thoroughness
We know that you need cash fast. But we also recognize that no one benefits from sacrificing diligence for speed. We balance these two interests to ensure the best outcome for us and for you.
We are industry thought leaders
Our founder Ron Sinai has been interviewed by The New York Times, Forbes, BBC, and more. When you choose Nova for your lawsuit loan, you are choosing to work with industry thought leaders.
We are human
We are not a nameless, faceless corporation. When you contact Nova Legal Funding you will speak with a human. You will know their name, and they will know yours.
We believe that what we do matters
Life is short and it’s about more than making money. We are in the business of helping people who need help. It’s what drives every decision we make, and we wouldn’t have it any other way.
What Factors Should You Consider When Searching for the Best Lawsuit Loan Company?
The pre-settlement funding company you choose will have an impact on the total amount of money you receive at the conclusion of your lawsuit. Because of this, it’s very important to do your research into potential lenders and think carefully about whether a company is the right fit for you and your case. Here are the most important criteria to consider when searching for a pre-settlement loan company.
- How the pre-settlement loan company sets interest on advances.
- The interest rate percentage charged on the pre-settlement advance.
- Whether the terms and conditions of the lawsuit loan is easy to understand.
- How the pre-settlement loan company works with your lawyer.
- How quickly the pre-settlement advance will be available to you.
1. How the pre-settlement loan company sets interest on advances.
The best pre-settlement loan companies evaluate clients on a case-by-case basis and set their interest rates on the strength of each case. A reputable lawsuit funding company will want to talk to both you and your lawyer to gather information about your legal claims and the likelihood that your case will result in a favorable settlement or verdict. If possible, do not work with a lawsuit funding company that charges the same interest rates to all of its customers. Only work with a pre-settlement funding company that varies its rates based on a principled approach to case evaluation.
2. The interest rate percentage charged on the pre-settlement advance.
You should have a clear understanding of the interest rate on a pre-settlement loan before you sign any paperwork. Once a pre-settlement loan company is done evaluating and underwriting your case, you need to ask what your monthly (or fixed) interest rate will be. If a company sets a rate above 3.5%, you are probably being charged too much on your pre-settlement advance. Look for a company with low-interest rates that are simple to understand.
3. Whether the terms and conditions of the lawsuit loan is easy to understand.
The process of filing a lawsuit can be very overwhelming, and most reputable pre-settlement advance companies understand this. You should look for a company that offers clear and concise terms and conditions for its loans and is willing to answer any questions you may have about the pre-settlement funding process. As with any consumer financial product, you will need to sign paperwork before receiving any funds. Make sure that you can understand the documents before you sign them, and never work with a pre-settlement loan company that won’t answer your questions about their terms and conditions.
4. How the pre-settlement loan company works with your lawyer.
Before you can obtain a pre-settlement loan, you must be represented by a lawyer who has filed a lawsuit on your behalf in state or federal court. Any reputable pre-settlement loan company will ask to speak with your lawyer about your case. Your lawyer will need to cooperate with the pre-settlement funding company in order to complete the case evaluation and underwriting process. You should select a pre-settlement loan company that cooperates with your lawyer and with which your lawyer is comfortable working.
5. How quickly the pre-settlement advance will be available to you.
The process of filing a lawsuit is stressful and many plaintiffs need financial relief while their case is pending. A trustworthy pre-settlement loan company will transfer the funds to you in as little as 24 hours once your case is approved and you sign the necessary paperwork. Before you select a pre-settlement loan company, make sure that you understand how long it will take to get the money so that you can plan accordingly.
Are Lawsuit Funding Companies Allowed to Operate in My State?
We are able to provide lawsuit funding to plaintiffs in all states except for Arizona, Arkansas, Colorado, Illinois, Indiana, Maryland, Minnesota, Nevada, South Carolina, Tennessee, and West Virginia. Here are some of the most popular states for lawsuit funding companies:
- Alabama Settlement Funding Company
- California Settlement Funding Company
- Georgia Settlement Funding Company
- Louisiana Settlement Funding Company
- Massachusetts Settlement Funding Company
- Michigan Settlement Funding Company
- Minnesota Settlement Funding Company
- Missouri Settlement Funding Company
- New Jersey Settlement Funding Company
Apply for Pre-Settlement Funding with One of the Longest-Standing Companies in the Business
No credit checks, zero up-front fees, and completely risk-free. When it comes to applying for fair and risk-free lawsuit funding, Nova Legal Funding is your best option. Call today for immediate qualification—speak to a live funding specialist at our national toll-free number at (866) 494-0370.
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