AMERICANS are getting surprise checks in the mail – and this time, you don’t even need to lift a finger to claim it.
Credit bureau giant TransUnion has agreed to shell out $23 million to settle claims it mishandled consumer credit disputes – and eligible Americans will get paid without even filing a claim.
The class-action lawsuit, which accused TransUnion of failing to resolve disputes properly, could benefit nearly half a million people across the U.S. And while the company hasn’t admitted any wrongdoing, it’s agreed to fork over the cash.
WHO GETS PAID?
The settlement only applies to people who received a “502 letter” – an official document from TransUnion informing them that their dispute wasn’t resolved as it should’ve been.
If that’s you, check your mailbox. No form needed. Just sit back and wait.
- Around 495,000 people are estimated to be eligible.
- Payments range from $20 to $160, depending on individual circumstances.
- If you do nothing, you could still get up to $30 automatically.
- But if you think you deserve more? You can still submit a claim form with supporting documentation.
KEY DEADLINES TO KNOW
📆 June 24 – Deadline to submit a claim if you’re seeking a higher payout
📆 June 24 – Last day to exclude yourself or object to the settlement
📆 July 21 – Final court approval hearing
Claim forms can be submitted online or by mail, but you’ll need your unique ID and PIN from the mailed notice.
WHAT WAS THE LAWSUIT ABOUT?
The case alleged that TransUnion violated consumer protection laws by not properly handling credit report disputes – something that can seriously impact your ability to get loans, jobs, or housing.
And while the company denies any fault, they’ve agreed to pay millions and improve internal practices to avoid further issues.
WHEN WILL YOU GET PAID?
There’s no official date yet, but checks will be sent after the final hearing. If there are no appeals, payouts could begin later this year. Delays may occur if objections are filed in court.
BOTTOM LINE: If you got a 502 letter from TransUnion, you’re probably owed money. And in most cases, you don’t need to do a thing to get it.
