Equifax Customers Can Claim Part of a $2.2M Class Action Settlement This Month
Equifax customers affected by duplicate debt reporting can file claims by Sept. 1 for a share of a $2.2M settlement.Summary
Equifax faces a $2.2 million class action settlement over allegations of violating the Fair Credit Reporting Act by duplicating negative debt accounts on consumer reports. The lawsuit, Bradberry v. Equifax Information Services LLC, claims the company's inadequate data practices caused some customers' debts to appear larger, potentially impacting their ability to secure loans or credit. Plaintiff Charmayne Bradberry reported a $305 collection account appearing twice on her report, leading to a severe credit score drop. The settlement class includes 37,651 individuals who received duplicate reporting letters between August and September 2022. Affected customers must file claims by Sept. 1 via the settlement website or paper forms, using a unique ID provided in initial communications. Payouts are capped at $600 per claimant, with actual amounts depending on the number of claims and court-approved fees. All class members receive six months of Equifax Complete credit monitoring regardless of filing. A final approval hearing is scheduled for Oct. 6, with payments distributed afterward if no appeals arise. Opting out or objecting requires action by Sept. 1.
(Source：CNET)