You could be the recipient of part of the unprecedented class action settlement if you’ve used a credit card or had a loan or debt account within the past 21 years (January 1987 through May 28, 2008)
In a preliminary judgment approved by U.S. District Judge Robert Gettleman in Chicago last Wednesday, TransUnion – one of the 3 major credit reporting bureaus, must compensate as many as 160 million consumers for selling their private information. Qualified consumers will get their credit score (normally valued at $12) and 6-months of unlimited free access to their credit reports (normally valued at $60) – for free. In addition an undetermined cash settlement will be granted. Ken McEldowney executive director of ConsumerAction said, “TransUnion was getting deep into credit reports to get information to tailor lists that were valuable for other companies. This is by far the largest class action ever and the largest ever involving privacy violations. It sends a strong message to organizations that hold your private information.Final approval for the settlement is predicted to occur in September. However, commencing June 16, you can go to www.listclassaction.com to file your claim.
ConsumerAction warns that you should NOT to respond to emails claiming to be from TransUnion. It could an attempt by scammers posing as the credit agency to steal your private information. TransUnion said it will only communicate through the ListClassAction.com website.
Consumers should seize this opportunity to check what’s being reported on their credit report and their credit score – the all important 3 digit number that determines your financial reputation.
Philip X. Tirone’s, book “7 Steps to a 720 Credit Score: Strategies for Excellent Credit” as well as Applying the 7 Steps to a 720 Credit Score Workbook”, containing samples of the forms, letters and worksheets are both included in his 7 Steps to 720 Credit Score Kit. The kit is available at www.720score.com or by calling 1-888-254-2702.
For Philip’s Self-Help Credit Coaching: www.7Stepsto720.com/products.asp
