Equifax Credit Score Miscalculation Settlement
Equifax · Credit reporting and credit scores
The class action alleges that a three-week coding error caused Equifax to report credit scores more than 20 points lower for approximately 4 million people who applied for mortgages, auto loans, or credit cards between March 17 and April 6, 2022, allegedly affecting credit decisions and interest rates. Equifax denied liability and agreed to a $100 million settlement; a final fairness hearing is scheduled for January 22, 2027.
Case updates and reports
How to participate
Settlement Claim
Individuals in the United States whose Equifax credit score or credit attribute differed from what it would have been without the coding issue and was reported by Equifax to a third party in connection with a transaction identified in Equifax's analysis, during approximately March 17 through April 8, 2022, may fall within the proposed settlement class.
- Type
- Settlement Claim
- Claim status
- Upcoming
- Total settlement amount
- $100,000,000
- Payout
- Eligible claimants who submit timely, valid claims are expected to receive a pro rata cash payment from the settlement fund. The individual payment will depend on the number of valid claims and other approved deductions; no proof is required according to the available settlement description.
- Reported proof requirement
- No