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Trans Union, LLC has agreed to pay up to $1.4 million to consumers who obtained a credit report with incorrect information that may have impacted their financial options as part of a class action lawsuit settlement reached Dec. 5.
According to the class action lawsuit, filed three years ago by plaintiff Donna Soutter, Trans Union and its public records vendor allegedly used Virginia Supreme Court information regarding civil judgments that would help the agency better assess a consumer’s risk for a lender. Soutter argued that the data recorded by the credit reporting agency did not include information about settlements or dismissed and vacated cases that would have had an impact on a person’s rating.
Consumers who received one or more inaccurate credit reports from Trans Union will be eligible for damages from the $1.4 million class action settlement fund, of which an un-established portion will go to legal costs. Class Members include approximately 159,000 individuals who, since July 26, 2008, had a Trans Union consumer report delivered that reflected an unsatisfied Virginia General District Court or Virginia Circuit Court civil judgment that had been satisfied, vacated or dismissed.
Class Members will also have their information updated based on the removal of the incorrect civil lawsuit information, as well as receive six months of Trans Union’s primary credit monitoring for free under the proposed class action settlement.
The settlement, as standard practice, stipulates that Trans Union does not admit any wrongdoing in agreeing to the deal, and in the company states that it properly assessed consumers’ risk to lenders based on the statutes of the Fair Credit Reporting Act. Trans Union said it agreed to the class action settlement to avoid the uncertainty and expenses of going to trial.
Plaintiffs are represented by Anthony Bennett, Janelle Mason Mikac and Susan Mary Rotkis of Consumer Litigation Associates PC.
The Trans Union Credit Report Class Action Lawsuit is Donna K. Soutter v. Trans Union LLC, Case No. 10-cv-00514-HEH, U.S. District Court, Eastern District of Virginia.
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64 thoughts onTrans Union Reaches Class Action Settlement Over Inaccurate Credit Reports
Its about time – they been doing this for century and someone finally response to their mistakes.
How do you get into the settlement?
how
Thanks what I’m asking!
*that’s
Is there still time to file a claim? This has affected me big time!
I was denied a mortgage last year because of the errors on my credit report that they STILL won’t remove!
Please include me in this, send information please
Transunion is the reason why I was removed from my job of 23 years with the Department of Defense. This credit reporting company showed erroneous information which caused my employer to label me as a “SECURITY RISK” ! I have been classified as a “security risk” since August 20, 2010. These matters should be addressed, compensated to the person to the fullest and Transunion should be made to remove this negativity from people’s credit report!!!!
How Can I join this class action please send me some info.Please add me
Thanks
Only affects 159,000 people who had a specific error on their report, as follows: “of which an un-established portion will go to legal costs. Class Members include approximately 159,000 individuals who, since July 26, 2008, had a Trans Union consumer report delivered that reflected an unsatisfied Virginia General District Court or Virginia Circuit Court civil judgment that had been satisfied, vacated or dismissed.”
Gotta read the whole thing. Credit reports often have errors. Check yours frequently.
I needed my credit score to buy my house and it was reported incorrect and it delayed me from purchasing my house and caused me to lose the $8,000 tax credit from buying the house by a certain time
information on my credit report did show some error of misinformation