Finally! TransUnion Delivers on their Class Action Settlement Benefits

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Finally! TransUnion Delivers on their Class Action Settlement Benefits

January 18th, 2010

TransUnion Settlement Benefits Delivered

For the old-school readers of 20somethingfinance, you may remember a post I did about 18 months ago on the TransUnion settlement from a class action lawsuit. If you didn’t sign up to receive free benefits at that time – it’s too late (sorry).

If you did sign up to receive benefits, good news may have come (or will be coming shortly). I FINALLY received my notice by email today that I can now claim the benefits:

Your registration number is <>. Be sure to enroll soon as your registration number is only available for a limited time. Please note that our records indicate that you also registered for the potential cash benefit. A final determination as to whether there will be a distribution of the cash benefits and, if any, the amount of any distribution, will not occur before September 2010 and could occur as late as October 2011. You may visit the website www.ListClassAction.com for updates regarding this potential benefit.

I now have credit score monitoring and unlimited credit report access for the next six months.

Reasons why you Might Want to Monitor your Credit

The access to the credit scores may be a great way for you to monitor the kind of impact certain actions (such as increasing/decreasing your total credit line or opening/closing a new credit account) have on your credit score, as you are able to see trending of your score over time. I plan on running a few experiments with my six months of access.

This is great first-hand knowledge to have if you are in the process or will be applying for a consumer loan anytime soon. If you did not apply for benefits but want to do this same kind of credit monitoring, I’d recommending checking out , which Kiplinger has rated the best consumer credit monitoring service. A year of FICO score monitoring only costs , and you can do as little as 3 months for .99 per month. That’s a small price to pay if you are concerned about your credit score and will be applying for a large loan in the next year or so.