While we are on the subject of keeping track of your credit score, as a result of a bunch of class action lawsuits against TransUnion, virtually anyone who has had a credit card since 1987 can select from several settlement options, including up to nine months of enhanced credit monitoring.
First, the settlement applies to “[a]ll consumers who had an open credit account or an open line of credit from a credit grantor located in the United States at any time during the period January 1, 1987 to” May 28, 2008.
So pretty much anyone with a credit card.
There are five options:
- Six months of credit monitoring;
- Potential cash payment (if available)
- Six months of credit monitoring and a potential cash payment (if available)
- Nine months of enhanced credit monitoring
- Sue TransUnion yourself
Option three is just option one plus option two. I can’t imagine why someone would go for one or two, since option three gets you six months of unlimited access to your credit score, with credit monitoring plus a potential cash payout.
Alternatively, if you just want a lot of credit monitoring, option four will get you a swath of other credit monitoring options, including insurance scores and TransUnion’s mortgage simulator service.
If you think you might want to take option five, and sue TransUnion yourself, talk to a consumer lawyer in your area right away.
To sign up, go to the In re Trans Union Corporation Privacy Litigation website and register for benefits.
To find a consumer or bankruptcy lawyer, use the Caveat Emptor Consumer & Bankruptcy Lawyer Directory.
{ 11 comments… read them below or add one }
Hmmm…another credit card settlement case, heh?
[I'm assuming this one is different from the CCF settlement case from late last year, of which I have not yet received my payment.]
This one has many more options, which leads me to believe that credit card litigation is becoming more complex(or maybe multi-faceted.]
Thanks for the heads-up. :)
I have had credit cards and loans since married in 1972 till present.
Have no idea if allowed in this but never check credit reports till lately
Like most every class-action lawsuit, this one is designed to make the lawyers rich with little pay-off to the “injured” parties. The settlement sounds more like a marketing scheme by Trans Union – I’m wary of signing up for their settlement and then having it automatically ding my credit card if I don’t proactively cancel after the free period is up. I will sign up and see if/when they ask for a credit card authorization……
It ispretty bad when a consumer is not notified of such as this suit until something goes wrong. I did not know about the suit until about a week ago when I ordered a copy of my credit report. The report included a list of people and companies that were sent information about my which were neither requested nor authorised by me. One report was sent to a person who tried to buy a Honda motorcycle in my name. That could be funny, but I am totally disabled. Then, close to the end of the report there is a “by the way , I thought I might mention that there is a law suit/settlement pending.” Funny? I don’t think so. I could loose out because of a failure to communicate. Whose responsibility is it to inform the public about matters such as these?? Am I supposed to contact all the companies I have done business with and aask “are you being sued for anything?” Does anyone have an answer to my delima?
C.R.Patterson
In order to sign up for the settlement I was requested to enter my Social Security number at this website “https://settlement.transunion.com/MDLRegistration/preOrder.jsp?cb=MDL”. Is this a legimate website and should I give them my SSN?
I signed up at that website, and just received my benefit. So it seems legitimate to me.
Sam Glover – Just curious – how much was your settlement – is it the same amount for everyone?
I think I just got the credit monitoring, not a check.
I applied for the suit and never heard any thing back and now they keep saying its to late and I applied back in june of 2008. I guess only some was lucky. I wonder why
I signed up for the law suit in July and I just received the whole contract they send Im a little leary whether or not this thing is in my favor after knowing all the sinister details of the BAR and attorneys. Im wondering if i should just rescind this before its too late and they bill me for the suit in the even t I dont get any consideration back from this.
What “sinister details of the bar and attorneys” are you talking about?