Got Your Loan Rejected Because of Inaccurate Credit Information From Equifax? Learn How To Make A Claim Here On The Equifax Public Record Class Action Settlement
Equifax has agreed to a settlement after it faced a barrage of legal actions and a collective of class action lawsuits filed against them in court after allegedly failing to report accurately different pieces of information regarding consumers on the company’s credit reports.
As per the report appearing on Top Class Actions, a person who has been adversely affected could get up to $1,500 worth of damage compensation from the said settlement.
How did it end up to this point?
It all started after Equifax was contended to have done inaccurate reporting on its different customers’ information in the different credit reports that they generate and sell to any third parties who need them.
The inaccurate information includes the company reporting on a person’s tax lien or civil judgment incorrectly.
As the same Top Class Actions report suggests, Equifax allegedly sent out a false report containing that the person did not pay their liens even when they did.
This is then reflected on their credit report, which many third-party companies use to grant them a loan, among other perks ranging from rental opportunities to being given more lucrative job offers.
A low credit score would usually result in them not being able to avail such privileges.
In total, there were more than fifteen class action lawsuits filed against Equifax in the incident now known as the Equifax Public Record Class Action.
Many complainants reported that they were not granted these privileges, which affected their lives badly.
To end its legal obstacles, Equifax has agreed to a settlement in favor of the different plaintiffs of the heap of lawsuits it was facing back then.
In early 2019, Equifax has agreed to provide a combination of payments and injunctive relief to quash the class action lawsuits filed against them.
How to avail of this compensation?
First and foremost, you need to have received a credit report from Equifax to a third party that had contained inaccurate information on your tax lien or civil judgment.
This could include different forms of information – federal tax liens, state tax liens, and civil judgments rendered with you as a party involved in it.
You can also make a claim if these incorrect pieces of information did cause any adverse effect on you. These can be instances like you being denied a loan, only being given fewer rental opportunities, etc.
The inaccurate report should have been rendered to you between June 28, 2015, to May 14, 2019.
According to reports, if you can meet the factors above, you can get a monetary reward of up to $1,500.
To make your claim, you need to have proof of purchase of the credit report.
Besides the proof of purchase, you should also have any proof of adverse action made against you using the inaccurate information contained in the credit report.
This can be in the form of public records such as court records to private correspondence such as the rejection notice from the company that has undergone adverse action against you.
You can make a claim until the last day of 2021.
We here at Consider The Consumer would love to help you out. If you would like to know more about this settlement and how to make a claim, you can reach out to us via our contact details on the Editor’s Note below.
About the company:
Equifax is one of the largest credit reporting agencies in the United States (U.S.). Reporting more than a $3 billion revenue in 2019, the company provides its services to different customers in the U.S. and the whole world.
Website: About Us | Equifax
Editor’s note on Equifax Public Record Class Action Settlement:
This article is created to update you of the details regarding Equifax Public Record Class Action Settlement.
In it, members of the general public are asked to make a claim if they were victims of adverse action made against them due to inaccurate information provided by the company.
If you have any questions or queries regarding this piece of news and its updates, please do send us a message by clicking the ‘Contact Us’ button below! We’d love to hear back from you.
Another Equifax Settlement You Should Read About: Equifax Data Breach Settlement.
Also, don’t forget to join the Magnesium Supplements Class Action Investigation.