Equifax Duplicate Reporting Settlement

What happened

Equifax allegedly violated the Fair Credit Reporting Act by wrongfully reporting duplicate negative accounts on consumer credit reports, with inadequate data-keeping policies. These duplicated debt tradelines made some customers' debts appear larger than they actually were, potentially preventing them from securing loans, credit cards, mortgages and other lines of credit. Equifax denies wrongdoing.

Do you qualify?

The settlement covers 37,651 U.S. customers who received duplicate collection account information on their credit reports between August and September 2022. You must be a living individual in the US or its territories and have received an identified Duplicate Reporting Letter from Equifax during that period.

What you can claim

Read from the official settlement notice.

• Cash payout from settlement fund

  $600 each

  Class members who file a claim receive a share of the $2.2 million settlement fund. The total payment for each claimant is capped at $600, but actual payouts depend on how many settlement class members file claims and court-allocated fees.

• Six months of Equifax Complete credit monitoring services

  All settlement class members receive six months of credit monitoring services including credit reports, credit score monitoring regardless of whether they file a claim for cash payout.

• Identity theft insurance

  $500,000 each

  All settlement class members receive up to $500,000 in insurance coverage for identity theft-related expenses as part of the Equifax Complete credit monitoring services.

Who is in the class

Living individuals in the US or its territories who received one of the identified Duplicate Reporting Letters from Equifax between August and September 2022, as part of the 37,651 people Equifax identified as having received duplicated reports.

Quoted from the settlement notice.

How to file

File a claim online through the settlement website using your unique settlement member ID included in your initial postcard or email, or file a paper claim form. You must file by September 1, 2026. Provide valid payment information, selecting from PayPal, Venmo, Zelle, virtual prepaid card, or check. No proof of purchase is required.