GM Recall Settlement Funding Provides Safety Net for Plaintiffs

Steve Cid | June 30th, 2014

GM Recall Settlement FundingGM has just been pounded with a $10 billion class action lawsuit alleging that its well-documented ignition switch recall problems are hurting the resale value of millions of GM vehicles. The lawsuit claims that GM should compensate 15 million vehicle owners for diminished resale value due to the recalls and the publicity surrounding the growing number of personal injury lawsuits plaguing GM because of the ignition switch issues.

The lawsuits are both personal injury and wrongful death claims filed by people who were injured or lost loved ones when air bags failed to deploy during accidents. There are also economic lawsuits filed by investors and vehicle owners who say that GM’s actions led to a depreciation of the value of the cars and the company’s stocks.

The recalls have been rapid fire. Earlier this month, GM announced an ignition switch recall that impacts 3.16 million Buicks, Cadillacs and Chevrolets. This recall has been linked to at least eight auto accidents and six injuries, according to GM. In February, 2.6 million Chevrolet, Pontiac and Saturn vehicles were recalled which have been linked to at least 13 deaths and 47 crashes, a number many say will likely climb. In all, GM has recalled more than 20 million vehicles for a variety of different issues since February.

GM recall settlement funding can keep a family financially solvent

There is good and bad news for GM owners. GM CEO Mary Barra has sworn to compensate personal injury victims and families in wrongful death cases in due time. However, Barra also stated that GM will pit its legal might against any economic damages claims. These economic claims may take many years to resolve with no certainty of success.

In either case, the wait for an individual or a family that has filed a GM recall suit can seem interminable. Bills mount up as do medical bills and other expenses while an injured party can remain incapacitated for years.

LawStreet’s GM recall settlement funding provides 24-hour approval on cash advances to plaintiffs against the future awards expected from their lawsuit. This type of GM settlement cash advance, known as a non-recourse loan, enables you access money with no risk.  In other words, you repay the cash advance only if you win or settle the case. If you don’t collect, there is no obligation and the cash advance does not need to be repaid.

A GM settlement cash advance helps cope with court delays

GM CEO Barra has vowed to fight any economic claims resulting from diminished resale value due to the recalls. Any legal action against GM may take years, and even if successful, funds may not be disbursed for months or even years beyond that. If you’re injured, you may be unable to work and are having trouble paying all your daily living expenses while involved in protracted litigation. Delays in court can easily result in bankruptcy or foreclosure, and often plaintiffs are forced to accept a settlement that is much lower than they deserve just to stop the bleeding.

LawStreet Capital is among the nation’s top settlement funding companies, and a trusted leader when it comes to helping plaintiffs who are awaiting settlement of pending lawsuits, allowing them to move forward without economic worries.

If you are awaiting a settlement and need cash today, call LawStreet Capital. The application is free, quick, and easy, and once approved, your pre settlement advance will be in your account within 24 hours. We assume all risk, since legal loans are non-recourse, meaning you only pay the money back once you settle or win your case.

If you’re interested in learning more about GM recall settlement funding, our customer representatives can answer all of your questions. Call us toll-free anytime at 1-888-560-7230.