Sign Up for your Trans Union Class Action Settlement Benefits – Free Credit Report, Credit Score, & Cash
Trans Union Class Action Lawsuit Settlement Details
Sounds too good to be true. And if it wasn’t for corporate greed, it would be. But you are most likely eligible for all three for free! In a landmark class action lawsuit, ‘re Trans Union Privacy Litigation Case No. 00-CV-4729, MDL Docket No. 1350, U.S. Dist. Ct., N. Dist. Illinois, Eastern Division, Judge Robert W. Gettleman‘, Trans Union has pre-settled to offer free premium credit-reporting services to everyone who had an open credit account or line of credit from January 1, 1987 to May 28, 2008.
In the Trans Union suit, it’s been claimed that the company violated the Fair Credit Reporting Act by selling credit user’s personal and financial information to marketing companies. It’s no wonder we’ve all received so much junk mail over the last 20 years.
What you can already get for free
As, I’ve discussed in a previous post, you are already eligible to receive 3 free credit reports per year, one from each of the major credit reporting agencies – Trans Union, Equifax, and Experian – at annualcreditreport.com. Annualcreditreport.com is a government mandated program, whereas fakes such as freecreditreport.com (and their catchy jingles) are privately run. Don’t trust the fakes, because, much like Trans Union had, you never know what they are doing with your private information and social security card number.
What you can’t get for free (or wouldn’t want to)
Until now, I haven’t found of a way to monitor your credit score for free. As part of the settlement, Trans Union’s settlement, they are offering one of five options for those who meet the previously mentioned wide sweeping criteria. Options 2-4 include daily free access to your Trans Union credit report and Trans Union credit score:
- File an individual lawsuit against Defendant(s) for claims related to target marketing and pre-screening: You can also sign up for six months of credit monitoring.
- Sign up for six months of credit monitoring services: You can also register to receive a possible cash payment in the event of a cash distribution or file an individual lawsuit against the Defendants.
- Sign up for nine months of enhanced credit monitoring services: You will not receive any further benefits, including a cash payment, and you will not be able to file an individual lawsuit against the Defendants.
- Register to receive a possible cash payment: You can also sign up for six months of credit monitoring; however if you receive a cash payment, you cannot file an individual lawsuit against the Defendants.
- Do Nothing: You won’t get any benefits. You will keep your right to sue the Defendants individually (see the detailed notice and Settlement Agreement for more information).
You can sign up for one of these options and read more about the lawsuit at listclassaction.com from now until September 24. You could receive your benefits shortly after that date.
Here are my thoughts on each of Trans Union’s Settlement Options:
- You probably won’t be winning any individual lawsuits, but if you’re daring you can still pick up the six months of credit monitoring (which you might need when you fall in debt to pay your litigation fees).
- I personally signed up for this option, which retails for $59.75. If not many people find out about these services, there may be a possible cash disbursement.
- A great option for those looking to purchase a home in the near future. This plan retails for $115.50 and includes a mortgage simulator that shows how lenders would would rate you. No cash payout possibility with this option though.
- Sounds like option #2 re-worded, or am I missing something?
- Again, good luck with a lawsuit, but if you’re interested find a good consumer lawyer right away.
Whatever you choose, there’s no reason not to sign up for your free Trans Union class action lawsuit benefits.
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Is a credit card considered a credit account?
Signed up for number 2 as well. And yes a credit card is a credit account, a revolving credit account.
Great post, I hadn’t heard about this class action suit. Great to know I’m entitled to some free services. I’m debating between 2 & 3. I’m pretty sure I dinged my credit score recently due to using a 0% credit card for all cash flow, in order to collect interest in a high-interest savings account, and then I paid off the entire balance before seeing any interest rates (so the credit score will now recover.) Next year, I’ll be looking to buy a house, and I’m curious if you’ve read any reviews of the Transunion lender estimate approach. Seems worth it for me to forgo the possible cash payment for the value-added service, but I’d like to make sure it’s a value-added service, first.
@ Kevin – I was not able to find any particulars on Trans Union’s site about that service – it’s probably an upsell programs where they don’t disclose the initial price. If you’re planning on getting a house, I’d say go for #3 as the odds are that many people will take advantage of this and any cash payments are probably going to at most make up the difference between the two services. Plus you get 9 months versus 6.
Ha that is what the credit breau gets. I have gotten more junk offers then a small forest and most of them are some crap with hidden fee this and hidden fee that!
I will be siging up for #2 tomorrow.
Thanks
Mike: Yes, a credit card is a credit account.
G.E. Miller: Option 2 is the 6 months basic monitoring. Option 4 is the possible cash. They are not the same. You can sign up for both of these, in other words, combine them with each other, but not with the 9 months enhanced monitoring.
Can someone confirm that http://www.listclassaction.com is a bona-fide site and not a so called “phishing” site. The only reason I ask it cuz its asking for your date of birth and social security information to register.
Thanks.
Yeah I am still iffy about it but the site is verified by Network Solutions L.L.C. so I am registering and picking the 3rd option (which is the 6months + possible cash payment).
In Firefox 3 you can hover near the URL bar where the favicon shows up on the left.
When can we cash in on the credit monitoring services if we have registered previously by the deadline date? And how? I’m sure TranUnion will not make it an easy procedure.
What is the status of this settlement. I signed up for it……….however I haven’t received any benefits nor have they sent me any further info via email.
Has anyone received anything from this settlement?
I’m pretty angry. My SS# and personal information was compromised by Tras Union and I’ve gotten nothing. I’ve been trying to get a copy of my credit report from Trans Union for 4 years now. Each time I contact them via phone, Email or in writting they tell me the information I provided does not match what they have on file. Funny how Equifax seems to have the correct information. I recently called them again only to find my call is answered in India. LOL our jobs and everything is going to India. India does not have the rules and regulations in the US. Its one thing to have tech support or customer service handled in a foreign country. But to let some person making $1.50 an hour and living in a hut have access to my DOB, SS#, Address and life history. These people would sell US information to scammers and Identity theives all over the world for a fortune.
[...] old-school readers of 20somethingfinance, you may remember a post I did about 18 months ago on the TransUnion settlement from a class action lawsuit. If you didn’t sign up to receive free benefits at that time [...]
This is all a bunch of crap the lawyers in this class action suit are getting all the money read their take in the settlement. Even charging .25 a page on the web site. Watts Guerra Craft LLP are the biggest takers. We deserve to be reimbursed not these greedy lawyers, You will be luv=cky to redcieve a dollar after their 65% take. Don’t sign with them what ever you do file on your own.
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