3M is a manufacturer and merchant of yellow and green earplugs named Combat Arms Earplug Version 2. These earplugs’ premise is to protect military personnel from hearing impairment when near loud noises. Aearo Technologies is the parent company of 3M and is accountable for regulating the product and ensuring it passes safety inspections.
After signing the contract with the U.S. Department of Defense, 3M admitted that these earplugs do not prevent hearing impairment. Therefore many lawsuits are pending against the company. While awaiting the result of these cases, victims need money to get by and should consider 3M earplug lawsuit loans from Silver Dollar Financial.
Concerns About 3M Earplugs
Many defects were found in 3M combat arms earplugs. First, they were too small to fit inside a soldier’s helmet. Addressing the concern, 3M modified the earplugs, resulting in another flaw.
Now the earplugs would not entirely go into the ear since the earplugs did not meet the standard for an average-sized ear canal which can lead to permanent hearing loss. With these and many other concerns, 3M is now part of one of the largest MDL class action lawsuits.
3M Class Action Lawsuit
3M combat earplugs manufactured between 2003 and 2015 are defective. Anyone who has used them and suffered hearing loss can take legal action. Military personnel are the primary victims, but there are others.
Under the False Claims Act, it was found that 3M misled government officials about the function of the earplugs, which is now the basis of the lawsuit. If you currently have an open 3M lawsuit and are struggling financially because of your injuries, you have options. You can apply for a 3M earplug lawsuit loan to help you get the upper hand and address your financial responsibilities.
Why You Need a 3M Earplug Lawsuit Loan
Under the False Claims Act, 3M agreed to pay $9.1 million, but this money was not allocated to reimburse military members and others injured by the combat earplugs.
Anyone who was injured after using 3M earplugs must file their own claim against 3M for the chance to obtain compensation. While this is an excellent avenue, it is also a costly one. Your bills will continue to rise, and you will now have legal costs.
Lawsuit Loans and Mass Tort Cases
Mass tort lawsuits are common when many individuals sue a company for a defective product. Essentially, several lawsuits are combined into one and bring it into a multi-district lawsuit. While the suits are combined, the settlements are contingent on case merit.
Pre-settlement funding for mass tort cases works the same as others. You will dip into your future payment for money now. Clients in the 3M lawsuit have used the funds for expenses like:
- Utility bills
- Medical bills for ear damage or hearing loss
- Hearing devices
- Daily expenses
- Rent and mortgage
- Lost wages
- Lost earning capacity
A benefit of 3M earplug lawsuit loans is there is no impact on your personal property or finances. You can use these funds for anything you need resulting from your injuries. These are non-recourse loans, therefore your income and assets are not considered for repayment.
Eligibility for a Lawsuit Loan
Non-recourse loans like the 3M earplug lawsuit loans are intended to protect you from financial ruin. Your income, property, and assets are of no concern to us. We do not run a credit check inasmuch as lenders will use your future settlement as collateral for the loan.
Your settlement will be used to repay us, so we check details about the damages you’re filing for, how much you can expect in potential compensation, and for how long your lawsuit is predicted to go on. A vital piece of information we will need is the contact information for your attorney.
How Much Your 3M Lawsuit Loan Might Be Worth
Your lawsuit loan amount will depend on your anticipated settlement and other factors. Since it is a cash advance, it works differently than a traditional loan. As mentioned above, we will speak to your attorney and discuss case merit.
When deciding how much to give you, we will review your case’s total damages and duration. All of this information will come from your earplug injury lawyer. Applications for the 3M earplug lawsuit are hassle-free.
You provide basic information, and we will handle the rest. 3M earplug lawsuit loans can range from a few hundred dollars to over $1 million. Once you agree to the amount, we will disburse funds to your account.
Repaying Your 3M Earplug Lawsuit Loan
One fear that many clients have is the repayment process for a lawsuit loan. Product liability cases take substantial time, especially mass tort cases. Many of these cases go to trial and a settlement results from a jury verdict.
The 3M case is unique because there is one guilty verdict for its false claims, but that will not likely reduce the timeline by much. Silver Dollar Financial is aware of the case length, and we will only seek repayment when the case revolves. When you get a verdict, your lawyer will collect funds from the manufacturer and take steps to pay off relevant expenses.
One of the accounts they will address is your 3M earplug lawsuit loan. Once all balances are at zero, they will send you the remaining funds. Clients will have no stress when repaying their lawsuit loans.
You owe us nothing if your settlement is insufficient to repay your loan.
Apply for Funding with Silver Dollar Financial
The legal process is frustrating because you know that the manufacturer was negligent and caused you harm. They do not want to pay you what you need for your losses. While you are struggling financially, the manufacturer continues to make profits.
You do not have to wait until you get your settlement to get the money you need. Pre-settlement funding can help you recover financially while you let your lawyer continue to fight for fair compensation. When ready to apply for lawsuit funding, call Silver Dollar Financial.