Chase Credit Card Payment Protection Class Action Settlement
By Matt O’Donnell
The Chase credit card settlement will resolve allegations in the class action lawsuit Kardonick, et al. v. JPMorgan Chase & Co, et al. that Chase engaged in breaches of contract, unfair and deceptive acts, and other violations in connection with Chase payment protection products – products under which credit card debt can be forgiven or suspended under certain circumstances.
If you have a Chase credit card and were enrolled in or billed for a payment protection product at any time between September 2, 2004 and November 11, 2010, you’re considered a class member and eligible for payments under the class action settlement. Payment protection products include, but are not limited to, Chase Payment Protector, Chase Payment Advantage, Account Protection Plan, Total Protection Plan, Account Security Plan, Account Ease, and any other Chase business card or private label account debt suspension or cancellation product, by any name.
Under the Chase payment protection class action settlement, Chase has agreed to create a $20 million settlement fund to help pay class members who submit claim forms. The amount you can receive will depend on a variety of factors. For example, if you made a claim for payment protection plan benefits and your claim was denied, it is estimated you will receive $60, before fees and expenses. If you were billed for or enrolled in a Chase payment protection product without your knowledge or consent and/or, at any point during your enrollment in a Chase payment protection product, you were self- employed, retired, seasonally employed, employed less than 30 hours per week (or less than 15 hours per week for students), or if you voluntarily forfeited your job (resigned), it is estimated you will receive $30, before fees and expenses.
If none of the above categories apply to you, but you are not completely satisfied with the Chase payment protection product(s) in which you were enrolled at any point during the class period, it is estimated you will receive $15, before fees and expenses.
To receive any money from the Chase Credit Card Payment Protection Class Action Lawsuit Settlement, you must submit a valid claim form before August 8, 2011 at www.KardonickSettlement.com.
You can find detailed information on how to submit a valid claim form and receive your cash award by visiting our Open Lawsuit Settlements section.
Updated June 7th, 2013
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