Does anyone know anything about the Class Action Lawsuit regarding TransUnion and Acxiom Corporation? The notice was printed on my most recent TransUnion credit report .... anyone hear anything about this??
Important Class Action Notice
A settlement worth at least $75 million has been reached with TransUnion and Acxiom Corporation in a class action lawsuit. The US District Court for the Northern District of Illinois has preliminarily approved a Class that includes all consumers who had an open credit account or an open line of credit from a credit grantor (including, for instance, auto loans, credit cards, mortgages, and student loans) in the United States anytime from January 1, 1987 to May 28, 2008. If the settlement gets final approval, it will affect Class members' rights. You may be a member of the Class. If you are a Class member, you may sign up for credit monitoring and other benefits, and/or a possible cash payment. The Court will have a hearing on September 10, 2008, to decide whether to approve the settlement, so that benefits can be issued. Class members may object to the settlement or ask to speak at the hearing. Objections must be mailed by August 22, 2008. Go toListClassActiondotcom or call 1-866-416-3470 for more information.
By signing up a debt counseling session, your provided details (Name, Email ID and Phone No.) will be forwarded to the company advertising on the DebtCC. However, you have no obligation to use their services.
Some creditors and collection agencies refuse to lower the payoff amount, interest rate, and fees owed by the consumer.
Creditors/collection agencies can make collection calls and file lawsuits against the consumers represented by the debt relief companies.
Debt relief services may have a negative impact on the consumer's creditworthiness and his overall debt amount may increase due to the accumulation of extra fees.
The amount which the consumer saves with the use of debt relief services can be regarded as taxable income.