Pre-Settlement Funding for Mesothelioma Cases: What You Need to Know
If you or a loved one has been diagnosed with mesothelioma, you may be feeling confused and overwhelmed by the numerous medical treatments, therapies and bills associated with the illness. In addition to the normal stress of dealing with a diagnosis of a serious sickness, finances may be a primary concern. Fortunately, there are financial assistance options available for mesothelioma patients, including pre-settlement funding for those who have pending legal cases.
Mesothelioma is a type of cancer that is caused from exposure to asbestos. It most commonly affects the lining of the lungs, but it can also affect the heart, stomach and other organs of the body. Unfortunately, there is no cure for mesothelioma, and the only treatment currently available is aggressive treatment. In addition to costly medical treatments, such as chemotherapy and radiation, mesothelioma patients must also cover the everyday costs of living during the course of their treatment.
Pre-settlement funding is a type of financial assistance that is available to individuals who are involved in pending legal cases, such as a mesothelioma lawsuit. This funding is designed to provide individuals with financial assistance while they are awaiting a settlement or resolution of their case.
Pre-settlement funding is not a loan, nor does it require repayment until you receive a payout from your pending claim. If you do not receive a payout, you do not owe the funding company anything. This ensures that you are not financially burdened while awaiting a settlement. Pre-settlement funding can be beneficial to those who are unable to work due to their mesothelioma diagnosis, as it can provide them immediate financial assistance for their daily living expenses.
In order to apply for pre-settlement funding, you must have a pending legal case or claim against a person or company for causing your mesothelioma. You do not need to have a lawyer to apply for pre-settlement funding. However, it is important to note that not all lawsuits are eligible for pre-settlement funding, so it is important to check with the funding company before you apply.
The application process for pre-settlement funding is usually simple and straightforward. The funding company will review information such as the type of mesothelioma claim you are filing, the expected settlement amount and the amount of funding you are requesting. Once you provide the necessary documents, the funding company will begin its review process.
If your application is approved, the funding company will provide you with funds within a few days, which you can use to cover medical bills, living expenses, or any other costs associated with treatment. The amount of funding will depend on the funding company, but it is typically a percentage of your expected settlement amount.
In addition to pre-settlement funding, there are other financial assistance options available for mesothelioma patients. For example, you may be eligible for assistance from your state government, or from private assistance programs. Additionally, some employers offer worker’s compensation benefits for employees who have been diagnosed with mesothelioma. It is important to explore all of your financial assistance options before making a decision.
Pre-settlement funding for mesothelioma cases can provide much needed financial assistance for those who are suffering from this devastating disease. It is important to thoroughly research your various funding options, as there are many companies offering pre-settlement funding. Additionally, it is important to remember that not all cases are eligible for pre-settlement funding, so it is important to check with the funding company before you apply.
