Defective drugs loans for Xarelto lawsuits, also known as settlement funding, are now available for plaintiffs of the class-action lawsuit against the drug’s manufacturers, Bayer A.G. and Johnson & Johnson. Legal funding comes with no risk to your finances.
Class action lawsuits can take years to resolve, but legal funding can get you money from your class action now. This can make it easier to fight for the full value of your settlement, especially when you’re facing multi-billion dollar drug companies. Find out if legal funding is right for you.
What Is Xarelto?
Xarelto, also known as rivaroxaban, was approved by the FDA in 2011 as an improved alternative to warfarin, an anticoagulant. Warfarin has been used to treat blood clots for decades, particularly deep-vein thrombosis (DVT), which can kill victims instantly. However, warfarin requires patients to be continuously monitored, which can be a burden on them.
Jannsen Pharmaceutica, a derivative of Johnson & Johnson, along with Bayer A.G. marketed Xarelto as a blood thinner that didn’t require patients to be constantly monitored. This advantage was highlighted and used to drive sales. Many people who needed blood thinners and wanted more autonomy chose Xarelto over the traditional warfarin.
Why Is There a Xarelto Class Action Lawsuit?
Unfortunately, many people who took Xarelto were injured by the drug. Instead of preventing strokes, Xarelto caused many serious and life-altering injuries in users. Victims of Xarelto have suffered from the following side effects:
- Irreversible intestinal bleeding
- Brain hemorrhages
- Rectal bleeding
- Wrongful death
Xarelto is so dangerous because there is no antidote that can be used to reverse its blood-thinning effects. That leaves users open to experiencing a wide range of adverse side effects from Xarelto, some of which may be life-threatening. In the end, the New England Journal of Medicine found that Xarelto was no more effective at stopping blood clots than warfarin.
How Can Xarelto Pre-Settlement Funding Help You?
A Xarelto lawsuit can take years to settle, which means you won’t see your money from the settlement for a long time. Expenses such as medical bills, rent, mortgage payments, and everyday living expenses can take a toll on your finances. With legal funding, you can avoid this pressure and receive some of your settlement now.
In cases like this, where there’s a well-capitalized defendant who can afford to drag a case out, they often will. They do this in the hopes of pressuring the plaintiffs, who tend to have far fewer resources at their disposal, to accept a lower settlement or never even pursue a case to begin with. You can resist these tactics by taking advantage of legal funding today.
What Is a Defective Drug Lawsuit for a Xarelto Lawsuit?
Since it could be weeks, months, or even years before you recover compensation in your Xarelto lawsuit, it is important to take steps to figure out how you are going to continue providing for yourself and your family. When you were already behind on your expenses, a Xarelto lawsuit loan could be the answer you have been looking for. By securing pre-settlement funding, you can get an advance on your defective drug settlement payout and use these funds to get back on your feet.
Xarelto lawsuit loans are not based on your ability to pay back the loan. This may seem adverse to what you know about traditional loans. This is because lawsuit loans are unlike traditional loans.
With legal funding, you are not going to be expected to pay back your loan unless your attorney wins your case. Furthermore, to get approved for Xarelto legal funding, you do not need to have a source of income or excellent credit. In fact, your creditworthiness has no impact on whether our loan specialists will approve your application.
How does Xarelto Pre-Settlement Funding Work?
Xarelto pre-settlement funding can provide you with some much-needed financial breathing space by giving you money from your settlement now. Despite their name, you don’t technically need to repay legal funding, at least not with your money. The IRS classifies legal funding as a type of non-recourse debt, meaning your settlement – not your personal assets – is used as collateral.
As a non-recourse debt, your personal assets can’t be seized for repayment of your pre-settlement funding, which makes it effectively risk-free for you. Should you win your settlement, you’ll repay the amount you borrowed and, with a reputable legal funding company, a small amount of interest. However, if you lose your case, you won’t have to repay your legal funding.
Who Is Eligible for Xarelto Legal Funding?
It may not always be clear whether you are eligible for a Xarelto lawsuit loan. The best way to find out is by contacting High Rise Financial loan specialists to discuss your damages, the ways your life has been affected by your injuries, and your pending Xarelto settlement. Generally, as long as you have a settlement pending or your attorney expects to recover compensation in your Xarelto lawsuit, our team can authorize legal funding at an amount that will help ease your financial burden.
However, you must have an injury attorney representing you to qualify for a Xarelto lawsuit loan. Personal injury lawyers will generally work with injury victims based on a contingency fee. Here, victims are never expected to cover out-of-pocket expenses, attorneys fees, court costs, or the costs of building a case against Xarelto manufacturers and other liable parties.
Instead, the attorney covers these fees in anticipation of recovering compensation in your lawsuit. For this reason, High Rise Financial can only approve Xarelto pre-settlement funds to victims who have a lawyer on their side. If you are interested in finding out more about whether you meet the eligibility requirements, do not hesitate to contact our team to discuss your case in further detail.
How Much do You Need in Pre-Settlement Funding?
When you are exploring your options for financial assistance while you wait for your Xarelto settlement to be paid, you may be unsure how much to request in legal funding. It is important to consider how much you are going to be awarded through your Xarelto lawsuit.
There are many types of damages you have the right to recover in civil court. Some of the more common types of compensable damages include:
- Your mental anguish and emotional distress
- The physical pain associated with your injuries or illness
- The difficulty you experience in maintaining close relationships with friends and family
- Your reduced quality of life
- The extra costs of insurance coverage
- Your loss of income and inability to continue earning a living
- Your loss of employer retirement contributions and wage increases
- The costs of making repairs to damaged property or replacing destroyed property
High Rise Financial loan specialists will work with your attorney to determine how much to authorize in legal funding. In some cases, we have the potential to award you up to $1 million in pre-settlement funds. However, generally, lawsuit loan applicants can expect to be approved for 20% of their expected settlement payout.
How to Apply for a Xarelto Lawsuit Loan
Although you may be intimidated at the thought of applying for a Xarelto lawsuit loan, The process can be broken down into three simple steps:
- Step 1: Fill out our online application. Be sure to include all necessary supporting documentation and contact information so there is no delay in the processing of your application.
- Step 2: Our loan specialists will review your lawsuit loan application to determine whether you meet the eligibility requirements. We will contact your attorney to find out more about your case and how much you are expected to be awarded.
- Step 3: Once our team has examined your application, we can approve your pre-settlement funding request and send the money to your bank account in a matter of hours.
You do not need to worry about providing High Rise Financial with income statements, unnecessary financial documentation, or otherwise jump through hoops to get your claim approved. As soon as we speak to your lawyer, we will have a better understanding of how much you could be granted in legal funding.
How Are Pre-Settlement Loans Repaid?
After everything you have been through, you will want to be sure that there is minimal risk associated with your Xarelto lawsuit loan. One of the benefits of presettlement funding is the stipulation that the loan will only be paid back if your attorney wins your case.
If your lawyer is unable to produce an insurance settlement or civil recovery, you will not be expected to pay back your legal funds. You have already suffered enough in losing your civil case. You do not have to worry about debt collectors coming after you for your Xarelto lawsuit loan, nor do you need to worry that your credit will be adversely affected.
If your attorney does win your case, your lawyer will then be responsible for paying back your lawsuit loan funds. When your settlement comes in, your attorney will use a portion of those funds to cover your cash advance from High Rise Financial. In this way, you will not have to worry about paying back your lawsuit loan at all – your legal and financial advocates have you covered.
Apply for a Lawsuit Loan Alternative for Your Xarelto Lawsuit Today
High Rise Financial can offer you up to $1 million in legal funding for your pending Xarelto lawsuit. Our application process is fast and easy, and you could be approved within hours. We can send the money to your bank account within just 24 hours of your application’s approval.
Our legal funding comes with low, simple interest and no hidden fees, which means you can take home more of your settlement. We serve clients across the United States and have the financial resources to support your fight for justice. Contact us today and you could be approved for funding and receive it in your bank account in just a few hours.