Lawsuit loans are a risk-free way for plaintiffs to get pre-settlement money, but some companies take advantage of the situation. As a lender we featured in our list of Top Lawsuit Companies in the U.S. in 2021, Nova Legal Funding is a good representative of ethical lending in this industry.
Based out of Los Angeles, NLF specializes in personal injury claims. Here, you can learn more about how legal funding works, the types of cases Nova Legal Funding accepts, and other details about its legitimacy that can help you make the best decision for you and your family.
What Other Customers Say About Nova Legal Funding
One of the best sources of information about a lawsuit lender is word-of-mouth and online client reviews. Here, just like us, Nova Legal Funding excels. On popular review site Trustpilot, the company has an overall rating of Excellent, with five stars, drawn from over 270 individual customer reviews.
Among the most common reasons for praising Nova Legal Funding and affirming its legitimacy, we acknowledge:
- Its quick funding
- The company’s responsiveness to inquiries
- A high average case acceptance rate
According to prior clientele, Nova Legal Funding treats its borrowers ethically and in accordance with standard industry best practices.
Cases That Nova Legal Funding Finances
Lawsuit loans are designed to provide you with cash in the present moment while you wait for your case to settle or resolve in court. Then, you pay back the lender a portion of your compensation package and keep the rest. Nova Legal Funding has accepted clients with case types that include:
- General personal injury claims
- Car accidents
- Medical device malfunctions
- Medical malpractice
- Concussion cases for athletes
- Employment and labor law violations
Chances are good that you will qualify for some amount of funding if you have a case and stand to receive compensation once that lawsuit concludes.
Other Positives About Nova Legal Funding
There are many positive aspects of Nova Legal Funding, which is why we featured the company in our list of top lawsuit lenders. We like that the firm offers interest rates as low as 1% to 3%, that it has widespread media coverage from mainstream news sources, and that it offers non-recourse funding that you don’t pay back unless you win your case.
Some Minor Drawbacks
On the other hand, Nova Legal Funding seems to only provide up to $100,000 in lawsuit loans. For many plaintiffs, this cap may not be enough. For example, we offer up to $1 million in lawsuit cash advances, which can help you alter the power dynamics at play in your lawsuit.
Also, while we greatly appreciate its media coverage and its A+ accreditation with the Better Business Bureau, Nova Legal Funding doesn’t advertise membership in industry associations. We’d like to see membership in watchdog ethical groups like the American Legal Finance Association, for example, which could further strengthen its legitimacy.
In Need of a Lawsuit Loan? Try Tribeca!
If you are looking for high-quality, ethical legal funding, look no further than this very website. At Tribeca, we provide legit, non-recourse funding up to $1 million and can have the money in your bank account in as little as a single day after your case is approved. Click the Apply Now button at the top of the page to get started.