Defective drugs loans for Zantac lawsuits are now available if you are one of the thousands of people whose lives have been impacted by it Learn more about defective drug lawsuit funding. On April 1, 2020, the FDA recalled prescription and generic forms of Zantac and several other ranitidine products due to the presence of a probable human carcinogen, N-Nitrosodimethylamine (NDMA). This compound is suspected of causing digestive tract and blood cancer.
If you’re waiting on a settlement from a Zantac lawsuit, you could qualify for a lawsuit loan. Also known as pre-settlement legal funding, a lawsuit loan can give you access to money from your expected settlement now so you don’t have to wait. Find out how you can benefit from this option and if it’s the right one for you.
In This Article
What Is Zantac?
Zantac, also known as ranitidine hydrochloride, is an H2 blocker that has been available since the early 1980s. Part of a wider drugs class known as histamine H2-receptor antagonists, Zantac is typically used to treat heartburn, gastrointestinal issues, and allergies. Studies have demonstrated a link between one of the key ingredients of Zantac, NDMA, and cancer.
Evidence suggests that Sanofi and Boehringer Ingelheim, Zantac’s manufacturers, hid this connection for decades. Victims are now coming forward and filing lawsuits to claim damages against both companies. If you were a Zantac user, you could face a lengthy fight for your settlement, which can make legal funding highly attractive.
How Does a Zantac Lawsuit Loan Work?
Settlements can take years to work out in court, during which time you could face an immense financial pressure to settle for less money than you could actually win. If you’re facing a loss of income or high medical bills due to your injury, you could face strong incentives to take a smaller deal. A lawsuit loan can help you resist this pressure by giving you some of the money from your settlement now instead of later.
With a Zantac lawsuit loan, you can get an advance payment on a portion of your expected settlement. In this sense, a Zantac lawsuit loan functions similarly to other types of defective drug lawsuit loans, such as Truvada pre-settlement funding.
However, unlike some other forms of funding, such as a second mortgage or credit cards, you won’t have to pay this legal funding back if you lose your case. That’s because despite their name, lawsuit loans function differently than other types of loans you’re probably more familiar with.
How Do You Repay a Zantac Lawsuit Loan?
If you’re applying for a loan, you’ll usually need to go through a credit check and prove you have some amount of assets to use as collateral. However, in the case of a lawsuit loan, all that matters is the quality of your case. That means you can qualify for legal funding even if you have poor credit and few assets to your name.
Unlike traditional loans, you don’t have any obligation to repay it from your personal assets since it’s classified as a nonrecourse debt by the IRS. That means only your settlement itself can be used as collateral for the legal funding you receive, which takes all of the risk out of this form of funding. You’ll only pay back what you received if you win your case, but if you lose, you owe nothing.
What Expenses Does a Zantac Lawsuit Loan Cover?
A Zantac lawsuit loan can be used to cover a wide range of expenses that you might face while you wait for your settlement case to be resolved, including the following:
- Medical bills
- Rent or mortgage payments
- Car payments or a new vehicle purchase
- Living expenses
There aren’t any restrictions on how you can spend the money from your lawsuit loan. Once you’ve received your legal funding, it’s yours to use however you see fit. You don’t have to worry about paying it back, either, as any repayment, if there is any, will come from your settlement.
What Is the Average Payout for a Zantac Lawsuit?
So far, the first Zantac cases are still progressing through the courts and there isn’t any information available on the size of the settlements that are being offered. However, the amount of compensation you receive for your case will depend on your own unique circumstances.
If you’re facing substantial medical bills and have an advanced cancer, for instance, you may be able to obtain more compensation than someone who was simply a long-time Zantac user.
Get a Lawsuit Loan for Your Zantac Case Today
At High Rise Financial, we can offer you a lawsuit loan for your pending Zantac settlement. We’ve made it easy for our clients to get the money they need fast. Our application process takes just a few minutes and within 24 hours you could be approved for up to $1 million.
Once you’re approved, the money will be sent to your bank account right away. We use only simple interest and offer low rates, allowing our clients to take home far more of their settlement when they finally win their cases than some other legal funding companies. Contact us today to find out if you qualify for funding.