Most consumers eligible for free credit-monitoring services or maybe cash
September 04, 2008
The credit bureau TransUnion has agreed to provide free credit-monitoring services to millions of consumers in a class-action settlement. The purpose of the agreement is to settle claims that it illegally passed along private information for marketing purposes, according to Michelle Singletary, personal finance columnist.
TransUnion has denied any wrongdoing in the case, but has agreed in the settlement to sign up consumers for either six months or nine months of monitoring, Singletary said in her Washington Post column.
You have until Sept. 24 to register for benefits under the settlement. Any consumer who had an open credit account or an open line of credit from a credit grantor is eligible.
The types of credit might include a car loan, bank credit card, retail store credit card, finance company loan, mortgage, or student loan, Singletary reports. The credit account needed to be opened between Jan. 1, 1987, and May 28, 2008.
To register for the settlement, visit www.ListClassAction.com or call 866-416-3470.
Singletary’s column offers advice on what you should do if you’re a married couple and what options are likely to be available to you.
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