Consumer Law

Sign up for your TransUnion class action settlement benefits

By Sam Glover

While we are on the subject of keeping track of your credit score, as a result of a bunch of class action lawsuits against TransUnion, virtually anyone who has had a credit card since 1987 can select from several settlement options, including up to nine months of enhanced credit monitoring.

First, the settlement applies to “[a]ll consumers who had an open credit account or an open line of credit from a credit grantor located in the United States at any time during the period January 1, 1987 to” May 28, 2008.

So pretty much anyone with a credit card.

There are five options:

1. Six months of credit monitoring;
2. Potential cash payment (if available)
3. Six months of credit monitoring and a potential cash payment (if available)
4. Nine months of enhanced credit monitoring
5. Sue TransUnion yourself

Option three is just option one plus option two. I can’t imagine why someone would go for one or two, since option three gets you six months of unlimited access to your credit score, with credit monitoring plus a potential cash payout.

Alternatively, if you just want a lot of credit monitoring, option four will get you a swath of other credit monitoring options, including insurance scores and TransUnion’s mortgage simulator service.

If you think you might want to take option five, and sue TransUnion yourself, talk to a consumer lawyer in your area right away.

To sign up, go to the In re Trans Union Corporation Privacy Litigation website and register for benefits.

Full post as published by Caveat Emptor on June 30, 2008 (boomark / email).