Consumer Car Buying Advice Blog

Under terms of a settlement agreement, millions of Americans will qualify for up to 9 months of free credit reporting that will include their credit scores.

Up to 9 Months of Free Credit Report Monitoring Available to Eligible Consumers

CHICAGO, May 29 /PRNewswire/ — Today TransUnion announced that it will soon begin providing eligible U.S. consumers up to nine months of free credit monitoring and related services. The offering is part of a preliminary settlement of a lawsuit that has been pending for many years and arose from a business TransUnion discontinued in 2001. This offering is consistent with TransUnion’s commitment to providing consumers with tools and resources that empower them to actively manage their credit health.

On May 28, a judge of the Eastern Division of the U.S. District Court in the Northern District of Illinois granted preliminary approval of the settlement of a class action lawsuit that claims the Defendants violated state laws and the Fair Credit Reporting Act (”FCRA”) when they sold certain marketing lists.

“We understand that many consumers are concerned about privacy and hope that this settlement demonstrates our commitment to empowering consumers to better understand, manage and protect their credit information,” said Colleen Ryan, vice president of corporate and community affairs for TransUnion.

The Class includes all individuals who had an open credit account or an open line of credit from a credit grantor (including, for instance automobile loans, bank credit cards, department store credit cards, other retail store credit cards, finance company loans, mortgage loans, and student loans) located in the United States anytime from January 1, 1987 to May 28, 2008. To receive credit monitoring and related services from the settlement, Class members must go to http://www.listclassaction.com/. The settlement administrator expects to have this site accessible to the public no later than June 16, 2008.

This entry was posted and is filed under Auto Loans, Credit Repair. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.