Equifax $100M Credit Reporting Error Class Action Settlement

Consumers for whom Equifax reported a incorrect credit score or credit attribute to a third party between March 17 and April 8, 2022, due to a coding error may be eligible to submit a claim for an estimated $95 to $280 from a class action settlement.

Equifax Inc. agreed to pay $100 million to settle a class action lawsuit alleging the company reported inaccurate credit information due to a computer coding issue. This error, which reportedly occurred over a three-week period in 2022, potentially impacted millions of Americans applying for loans, insurance or other services that rely on credit information.

Who can file a claim for an Equifax settlement payout?

Class members must meet the following criteria:

• They reside in the United States.
• Equifax reported their credit score or credit attribute to a third party between March 17, 2022, and April 8, 2022.
• The reported score or attribute differed from what it would have been if not for the coding issue (referred to as the OMS issue).
• Equifax identified the transaction in its OMS analysis as a class transaction.

How much are settlement payments?

Pro rata cash payment: Class members can submit a claim to receive a pro rata cash payment from the net settlement fund estimated to be between $95 and $280. The settlement administrator will determine the final payment amount by the total number of valid claims filed.

How to claim a class action rebate

To receive a settlement payment, class members can file a claim online or print and complete the PDF claim form, and mail it to the settlement administrator.

Settlement administrator's mailing address: Equifax FCRA Litigation, P.O. Box 301132, Los Angeles CA 90030-1132

The claim deadline is Dec. 28, 2026.

Required claim information

• To submit a claim online, class members must provide the claim ID and PIN from the settlement notice they received.
• To submit a claim by mail, class members must provide the claim ID from the settlement notice they received.

Payout options

• Electronic payment
• Paper check mailed to the address provided (only option for mailed claims)

Settlement fund breakdown

The $100,000,000 settlement fund will include:

• Settlement administration costs: At least $1,500,000
• Attorneys’ fees: Up to $33,333,333
• Attorneys’ expenses: Up to $500,000
• Payments to eligible claimants: Remaining settlement funds

Important dates

• Deadline to opt out: Nov. 27, 2026
• Deadline to file a claim: Dec. 28, 2026
• Final approval hearing: Jan. 22, 2027

When is the Equifax credit reporting error settlement payout date?

The settlement administrator will issue payments to approved claimants after the court resolves any appeals and grants final approval of the settlement.

Why did this class action settlement happen?

The class action lawsuit alleged Equifax reported inaccurate credit information due to a coding error on one of its servers between March 17 and April 8, 2022. The plaintiffs claimed this violated the Fair Credit Reporting Act, which requires credit reporting agencies to follow reasonable procedures to ensure maximum possible accuracy.

Equifax denied the allegations but agreed to settle to avoid the cost and uncertainty of further litigation and a possible trial.

Sources

1. Claim form
2. Class notice
3. Settlement website FAQ page