transunion class action law suit?

**favesis37** · 06-20-2008, 07:33 AM

i am not sure how to get the link here, but on another board i just read that there has been a class action law suit against them for selling info. you can go and sign up for different settlements, such as free reports, to get a part of any money that is settled on. etc.

just thought some one might want to know

**dolphin** · 06-28-2008, 06:46 PM

Whoa! I didn't hear about this. Thank you for posting it. I found several links just by searching for Transunion Law Suit. Seems it is being settled and millions will atleast receive free credit reports.

New York, NY: (May-28-08) A class action lawsuit was brought against TransUnion, one of the three large credit reporting bureaus in the United States, alleging that the company sold marketing lists in a manner that was not compliant with federal norms. The suit accused the company of violating the Fair Credit Reporting Act. As part of a settlement reached in the case, the company agreed to provide millions of consumers with free credit monitoring for nine months.

Sources said that the deal stands to benefit borrowers, who will enjoy the credit monitoring services that TransUnion already provides, but for free. The class comprises of anyone who had an auto loan, a credit card, a department store card, a student loan or a mortgage, and were credit active from Jan. 1, 1987, until the present. Records say that the credit monitoring service usually costs $11.95 per month after a 30-day free trial. The target marketing business was discontinued in 2001, but TransUnion acknowledged no wrongdoing in agreeing to settle. Company officials cited privacy issues in recent years as a cause for the suit.