Here is some good news if you need to know your credit score or have wanted to get a copy of your credit score to review. One of the three credit reporting agencies, Transunion, will offer millions of people up to nine months of free credit monitoring and free access to their credit scores to help settle a long-running legal battle.
Who is Entitled?
Who’s entitled? Virtually all Americans. The “class” in the class-action lawsuit includes anyone who had an automobile loan, bank credit card, store credit card, finance company loan, mortgage or student loan in the U.S. between Jan. 1, 1987, and May 28, 2008.
People will be able to register for the benefits beginning June 16 at this settlement site.
Consumers can choose one of two settlement options:
- Six months of Transunion credit monitoring, which includes unlimited daily access to the consumer’s credit report and TransUnion-calculated credit score, plus e-mail notification of major changes to information in the report. The service retails for $59.75.
- Nine months of credit monitoring, one’s insurance score (used by some insurers to set their rates), plus a tool that shows how a consumer’s credit score affects mortgage rates. This option is valued at $115.50, and selecting it means releasing TransUnion from any future claims.