Apex Legal Funding offers a service called pre-settlement funding, which allows you to receive money upfront in exchange for a portion of your future financial settlement. This immediate access to funds enables you to pay for bills and other expenses without worrying about repayments until your claims settlement is received. It is important to note that pre-settlement funding is non-recourse, meaning that if you do not receive any settlement proceeds, you are not obligated to repay Apex Legal Funding.
Pre-settlement funding, also known as consumer legal funding, differs from loans in several ways. With no monthly payments, debt, or risk of collections calls or wage garnishments, pre-settlement funding enables you to pay for expenses without financial pressure. Any repayment to Apex Legal Funding is solely based on the settlement proceeds, not on your personal finances.