Thursday, September 4, 2008

A Class-Action Settlement for Nearly Every Consumer

I read Michelle Singletary's column today and found out some interesting information:

In a class-action settlement, the credit bureau TransUnion has agreed to provide free credit-monitoring services to millions of consumers to settle claims that it illegally passed along private information for marketing purposes. Although TransUnion denied any wrongdoing, the settlement requires the company to sign up consumers for either six months or nine months of monitoring. Unless you've been a conscientious objector to all forms of borrowing in the last 21 years, you're probably eligible for the monitoring service. But the deadline to sign up is fast approaching. 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. The credit account had to be opened between Jan. 1, 1987, and May 28, 2008.

For more information on details of the settlement or to register visit the website: or call 866-416-3470.