FACT OR FICTION? Structured Settlement Companies buy the right to receive payments from insurance companies that result from the settlement of personal injury, wrongful death or medical malpractice claims. FICTION
FACT or FICTION? Novation Capital is a structured settlement company FICTION Novation Capital is a factoring company or settlement purchaser. It's advertising statement is a mischaracterization and it is is inconsistent with many members of its own industry, the settlement purchasing industry of factoring industry. Novation Capital states, on its website. that it is a member of the National Association of Settlement Purchasers (NASP). It is neither a member of the National Structured Settlement Trade Association (NSSTA), nor would it qualify.
FACT or FICTION? Novation Capital can deliver a structured settlement quote free or otherwise FICTION
Download florida_insurance_search_for_novation_capital_2232007.pdf Florida is Novation Capital's home state. Other states have online databases that you can look up to see if Novation Capital is licensed.
FACT or FICTION? Novation Capital's website includes testimonials from customers about the "structured settlement process" FICTION, Novation Capital mischaracterizes the "structured settlement process" when describing a structured settlement factoring transaction.
FACT or FICTION? Novation Capital participates in the structured settlement process FICTION
FACT or FICTION? Novation Capital buys structured settlement cash flows." FACT. Note that they buy cash flows.
FACT or FICTION? Novation Capital is a settlement purchaser. FACT
FACT or FICTION? Novation Capital is the leader in structured settlements FICTION. They do not do structured settlements. They may be a leader in structured settlement factoring transactions which is separately defined under the United States Internal Revenue Code at IRC 5891(c)(3). Structured settlements are defined at IRC 5891(c)(1).