Are you looking to know about the awl settlement scam? In that case, your search ends here. We have come across so many scam insurances that take money from the people to provide them some benefits in recent times. But, in return, people are getting scammed. These insurance companies are getting worse day by day and are becoming the common ones to betray people.
The awl is a loan cum insurance company from the United States. As it started its services and worked in 2012, its business journey has been smooth from then. But, in the mid of 2020, there came many complaints against the company, for which it announced a settlement of $1.46 billion for some of its customers. Let us see how far this is legit.
What is AWL?
American Web Loan (AWL) from the United States was accused of violating federal law by issuing loans without authority. Allegedly, the online lender used their status under the Otoe-Missouria Tribe of Oklahoma to give loans with high-interest rates, otherwise prohibited under state laws.
The AWL class action settlement stemmed from an older suit, which argued that “American Web Loan is not a legitimate arm of the tribe and tribal sovereign immunity does not shield American Web Loan or any other defendants from liability in connection with the unlawful online payday lending scheme.”
Also, customers are complaining that it is not giving or doing any insurance in recent times, and they were scared of the money they saved in the organization. When they complained about this to the court, its lawsuit suggested settling for all its customers. As a result, it is making a payment of $2.7 billion for all the consumers who joined the organization between 2008 and 2020.
Specifications
- Website link: awlsettlement(dot)com
- Contact number: 8886302583
- Contact address: 225 North Michigan Ave, Chicago, IL 60601
- Email address: Not found anywhere on the website.
- Category: It comes under the category of health care insurance provider.
Before we proceed further, it is essential to know whether you are eligible for this settlement or not correct! After that, we will see the awl settlement scam.
Who are eligible for this settlement?
After the lawsuit and the class members have filed against the blue cross-organization, the company has released criteria and told who is eligible for this settlement. Let us see the requirements now.
If you are a consumer of this company who has joined between February 2008 and October 2020, you can be happy. Congratulations! You are well eligible for this company’s settlement. When this settlement happens, you will get all your money back, whichever you invested in the company.
Let us see the awl settlement scam in the next session. Along with your money, you will be getting insurance money also, back to your bank account. But, no one can that easily say how much money we will be getting. So, it may depend on a few factors like how many premiums you paid and your maturity years. The more they are, the more money you may get.
To claim this settlement, you need to visit their official website, where you can find a section, namely ‘claim for upcoming settlement.’ Give all your details once you click on that tab. Now, if you are eligible, they will add you to their class members list.
Is awl settlement scam?
There are lots of doubts in the minds of people regarding the settlement. Moreover, they are thinking about how far this is legit. Because it is the first time, that organization has agreed to the settlement.
But one thing that may give us confidence is that it has attended all the court hearings and agreed to all the conditions. Anything that has involved the national court can be legit, right! So, we may trust this.
Another point is that many class members have also received the eligibility letter via a postcard or email. It indicates the settlement is going to happen in reality.
Conclusion
If you ask in short about the awl settlement scam, we can say it is legal because it involves the national court. Also, there is a final hearing on 21st November 2021.
Are you still have any doubts, mention us in the comment section below. Also, stay tuned for more updates on this.