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Individuals who received a duplicate reporting letter from Equifax in August or September 2022 may qualify to submit a claim for up to $600 from a class action settlement. The settlement class includes 37,651 people.
Equifax Information Services LLC agreed to pay $2.2 million to settle a class action lawsuit alleging it violated the Fair Credit Reporting Act by reporting the same collection account more than once on certain consumer credit reports.
Who can submit a claim for an Equifax payout?
Class members must meet the following criteria:
- They reside in the United States.
- Equifax identified them as an individual it mailed a duplicate reporting letter to in August or September 2022.
- The duplicate reporting letter notified them that their Equifax credit file may have shown a duplicate collection account at the same time as an inquiry.
How much are settlement payments?
Class members have the following benefit options:
- Cash payment: Class members can submit a claim to receive a pro rata cash payment estimated to be up to $600. The settlement administrator will determine the final payment amount by the total number of claims filed.
- Credit monitoring: All class members will receive six free months of Equifax Complete credit monitoring. Services include consumer reports and credit score monitoring, alerts for key changes and up to $500,000 in coverage for certain out-of-pocket expenses related to identity theft.
How to claim a class action rebate
Class members can file a claim online or print the PDF claim form to complete and mail to the settlement administrator.
Settlement administrator’s mailing address: Bradberry v. Equifax, c/o Settlement Administrator, 1650 Arch St, Suite 2210, Philadelphia, PA 19103
Required claim information
To submit an online claim, class members must provide the ID and PIN from the settlement notice they received.
Payout options
- PayPal
- Venmo
- Zelle
- Virtual prepaid card
- Paper check mailed to the address provided
Settlement fund breakdown
The $2,200,000 settlement fund will include:
- Settlement administration costs: To be determined
- Attorneys’ fees: $733,333.33
- Attorneys’ expenses: Up to $75,000
- Payments to approved claimants: Remaining settlement funds
Equifax will pay the following costs separately:
- Additional attorneys’ fees for practice changes: $425,000
- Credit monitoring services for all class members: $2,247,764.70
Important dates
- Exclusion deadline: Sept. 1, 2026
- Deadline to file a claim: Sept. 1, 2026
- Final approval hearing: Oct. 6, 2026
When is the Equifax Information Services settlement payout date?
The settlement administrator will issue payments to approved claimants approximately 75 days after the court grants final approval of the settlement. It will send credit monitoring information to all class members no later than 90 days after the final approval date.
Why did this class action settlement happen?
The class action lawsuit alleged Equifax allegedly violated the Fair Credit Reporting Act by reporting the same collection account more than once on some consumer credit reports. The plaintiff claimed this duplicate reporting led to inaccurate credit information and potential harm to consumers.
Equifax denied the allegations but agreed to settle to avoid the expense and risk of continued litigation and a possible trial. As part of the settlement, Equifax agreed to ensure it removed all duplicate collection accounts from class member credit files and implemented changes to avoid duplicate reporting for a period of six months.
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