Equifax Double-Reporting Error Settlement

What happened

Equifax wrongfully reported duplicate negative collection accounts on credit reports, making collection balances appear larger than they actually were. This violated the Fair Credit Reporting Act's requirement that credit reporting companies use reasonable procedures to ensure accurate information. The credit bureau has agreed to a $2.2 million settlement to resolve the class action lawsuit.

Do you qualify?

You are eligible if you received a "Duplicate Reporting Letter" from Equifax between August and September 2022 containing a Notice ID and PIN, and you are a resident of the United States or one of its territories. There were approximately 37,000 affected by this reporting error.

What you can claim

Read from the official settlement notice.

• Cash payment per valid claim

  $600 each

  Those who submit a valid claim can receive up to $600, with the actual amount depending on the number of valid claims and what remains after administrative costs.

• Credit monitoring

  All impacted individuals receive six months of Equifax Complete credit monitoring, which includes credit report and score monitoring, alerts, and up to $500,000 in coverage for identity-theft expenses.

Who is in the class

those impacted by Equifax's double reporting error in 2022, who received a "Duplicate Reporting Letter" from Equifax between August and September 2022 containing a Notice ID and PIN, and are residents of the United States or one of its territories

Quoted from the settlement notice.

How to file

Visit the Equifax duplicate-account settlement website and register with your Notice ID and PIN, or download and mail in a paper claim form. You must prove that Equifax sent a credit report showing a duplicate collection amount to a third party or that the duplicate account was one reason you were denied credit. The deadline to submit a claim is September 1, 2026.