Recently I fumble upon NPR news website and end up on news about Transunion, a credit bureau, class action lawsuit (selling customer’s information to third party and later used a vicious marketing technique to sell their services). TransUnion apparently lost a class-action lawsuit and reached to a settlement of offering various credit monitoring service plus cash rewards when court releases the payment (could take 2 years to get payment)
The settlement involves offering mainly two type of service.
Enhanced service: Up to 9 months of free credit monitoring service and no cash rewards. This option is valued at about $115.50
Basic service: Six months of the credit monitoring service with unlimited access to your TransUnion credit report and TransUnion credit score. This option is valued at about $59.75. This option doesn’t tempting to me as there are tons of eligible claimants (limited pizza with millions of slices).
So, who is eligible? Basically anyone, to be precise, who has ever held a credit card over the last 20 years (i.e. lots of people).
What do you need to get the benefit?
Basic information (name, address, email, phone) and last 4 digits of SSN
Where to register? Any deadline?
Official settlement website, you must register by September 24, 2008.
via [Reminder: 9 Months of Free Credit Scores + Monitoring @mymoneyblog.com]