When you have a structured settlement as a result of a lawsuit, lottery win or any other reason, you might want to look toward a financial company for certain services. If you have a large amount of debt that needs to be paid off, want to make large purchases like a home or car or if you have sizable medical bills, you might want to get your money all in one lump sum instead of in regular monthly payments. There are many financial companies that can help you in that area. One of them is Novation Capital Settlement Solutions. If you are considering using this company for exchanging your structured settlement into a single lump sum of cash, it is important to know what to expect. Here is a detailed review of Novation Settlement Solutions.
Novation Settlement Solutions is a company that buys structured settlements so that it can provide its customers with a single lump sum payment. The company has been in existence since 2000 and has provided the service consistently ever since. It claims to have bought more than $1.2 billion in payments and employing the best in financial experts. The company is based in West Palm Beach, Florida and has a solid reputation, along with an A+ rating from the Better Business Bureau. Within the past three years, Novation has received only two complaints, which have since been closed.
Much like Peachtree Settlement Solutions, Novation Settlement Solutions states that because of inflation, money loses value over time and that, as a result, your structured settlement may be worth less than when it is paid to you in full.
Because the company employs only the most skilled financial professionals, it boasts a 97 percent court approval rate of success. Novation Capital Settlement Solutions is also a founding member of the National Association of Settlement Purchases or NASP. The NASP is a group that claims it is “dedicated to ensuring the secondary market for structured settlement transfers remains fair, competitive and transparent.”
The first step toward receiving your money in a single lump sum is to contact Novation Settlement Solutions to determine whether you are a good candidate for its service. You can receive a free consultation if you are deemed a good candidate. However, much like other companies of its ilk, Novation charges a fee of 10 to 20 percent for its services. This means that once you have chosen it to buy your structured settlement so that you can receive it in one lump sum, you will get less than the total amount.
At the same time, Novation Capital differs from other companies that provide the same service because it offers the assurance of the rate your pay being locked in. Another good perk is that the company has a Timeframe Guarantee that states that if it takes longer to receive your money than it estimated, you will get more money.
To conclude, Novation Capital Settlement Solutions is definitely one of the better companies to use for getting your structured settlement converted into one lump sum payment. Its rates are fair and it has an excellent reputation.