Frequently Asked Questions
You can also email us here today to discuss your case and or question that might need further clarification.
1What Is Litigation Funding?
Litigation funding is a cash advance against your lawsuit settlement or verdict. As your litigation funding company, APEX will advance you cash for living expenses before your case settles. When your case settles, we are repaid out of your settlement.
2What are the advantages of Litigation funding?
There are several benefits to receiving a cash advance based on your personal injury case. Firstly, the process of litigation typically takes up to several years. APEX Legal Funding will give you the money you need NOW to cover your expenses until your case settles. Second, a lawsuit cash advance is useful because insurance companies understand that personal injury victims often experience financial problems. Armed with this knowledge, insurance companies will make a smaller offer in hopes that the client will accept it in order to settle the case faster and avoid financial hardship. By getting legal funding through litigation funding companies like Apex, we tilt the case in your favor as you can now, armed with a cash advance from APEX, hold out for a larger settlement.
3Litigation Funding - is it a loan?
No, it is non-recourse funding. You repay Apex Legal Funding at the end of the case only if you receive a settlement or verdict. If your your case is lost, you owe us nothing and hence the lawsuit cash advance that APEX provided you does not have to be paid back.
4How does it work?
When APEX Legal Funding purchases a portion of the interest in your case, we buy part of your case. Your attorney will provide us with details of the accident, the defendant’s insurance, and some medical records showing the severity and extent of your injuries. We then evaluate your case based on several criteria, including liability, damages and insurance coverage. Lastly, Apex will notify your attorney within 48 hours to let them know if the funding has been approved.
5Is there a maximum or minimum for lawsuit cash advances?
There are no maximum or minimum funded amounts at APEX. As one of the leading litigation funding companies, we review each case individually and with you and your attorney to come to an amount that is acceptable.
6Are there monthly payments?
No, there are no monthly payments. Apex is only paid a portion of your settlement when the case is settled or there is a verdict. If you lose your case you owe us nothing.
7Is there a credit check? Employment check?
No, there are no credit or employment checks when applying for a lawsuit cash advance through APEX. You do not need to be employed or have good credit in order to receive a lawsuit cash advance from Apex.
8Do I need an attorney in order to receive a lawsuit cash advance?
Yes, in order to be eligible for a lawsuit cash advance from APEX, you need to be represented by an attorney working on a contingency basis, which means your attorney is paid only when your case settles settlement or there is a verdict.
9What kinds of cases does APEX Legal Funding work with?
- Motor Vehicle Accident
- Slip/Trip and Fall
- Premises Liability
- Construction Accidents
- Medical Malpractice
- Head and Neck Injuries
- Product Liability
- Dog Bites
- Most other cases considered
10Can I discuss litigation cash advances with my attorney?
Yes, as a matter of fact, we encourage you to consult with your attorney about applying for a lawsuit cash advance.
11How is the funding advancement repaid?
We are repaid when your case settles, and we are only paid if you win your case.