Looking for a way to make money fast? Good news! You might already be owed some unexpected cash that you just weren’t aware of — thanks to a settlement from a class-action lawsuit.
Class Action Lawsuits
“A class action lawsuit is one in which a group of people with the same or similar injuries caused by the same product or action sue the defendant as a group.”
When multiple individuals are victimized by fraud, corporate practices, or even false advertising, a class action lawsuit presents an opportunity for them to recoup damages related to personal injury and economic losses. They also provide consumers the ability to make permanent changes to a company’s or industry’s practices.
You may be familiar with class-action lawsuits if you’ve received letters in the mail inviting you to join a class of plaintiffs or if you’ve seen films like Erin Brockovich. From Apple to Wendy’s, some of our nation’s largest companies have been involved in Class Action Lawsuits. It’s likely you’d be familiar with some of the more notable actions such as the Exxon Valdez Oil Spill Litigation which paid out about $150,000 per plaintiff on average.
From product recalls to dangerous medications on the market, class action lawsuits cover a wide range of consumer claims. If you qualify for a class-action lawsuit, seeing settlement agreements in the millions can make you feel like you’ve hit the jackpot. But in most cases, after the settlement is divided among hundreds of class members, the payout you receive can be significantly less.
Here’s how to find out if there’s a class action you can join.
To protect yourself and your family, stay informed using this resource. Here you will find a list of class action lawsuits. If you’ve been harmed by a company’s negligence or misconduct, you can also report a potential claim. Also, find out what cases are being investigated to determine whether a lawsuit can be filed. Household names like Ford, Black&Decker and Jenny Craig all have settlements pending. By glancing at updates periodically and filing a claim when appropriate, you can recover money owed to you. This is also a great resource to read about the basics when it comes to Class Action Lawsuits. Find out facts like “how long it will take for you to get paid” and “how to join a class action.”
Unclaimed Funds: Check This Too!
Unclaimed cash is one of the easiest ways for you to increase your finances. This is money owed to you by the government that has not been collected. It can also come from sources such as banks, credit unions, previous employers etc. The number of unclaimed funds has been increasing at an alarming rate. Many free official sources exist for you to find funds owed to you.