Experian Class Action Settlement

[Valerie S. Johnson]

By Valerie S. Johnson

If you bought a credit score or credit monitoring service from ConsumerInfo.com or Experian (known as CreditCheck®Monitoring Service, Credit Manager, Yahoo! Credit Manager, Triple Alert, or Triple Advantage) between June 17, 1998 and December 27, 2006, you may be eligible for a free benefit under a proposed class action settlement.

A class action lawsuit starts as a David vs. Goliath battle when an ordinary individual takes on a corporate giant, for example when a consumer protection law has been violated. Many other victims may not be aware that they are in the same position as David. So instead of having multiple expensive and time-consuming lawsuits, all the affected people can become plaintiffs in a single suit. They are informed of the existence of the class action lawsuit by email, mail, newspaper ads, or on late night TV (“Did you take drug X? If so, then call …”).

In a class action lawsuit, Goliath generally denies its liability and reaches a negotiated settlement agreement to avoid a trial. The settlement class action members (the Davids) are eligible to receive a benefit such as a discount or credit on future services, cash, or a free product. In return, they give up all rights to ever sue Goliath about the issues in the case.

If approved by the court, the proposed benefit in this Experian lawsuit is either a free credit score or two free months of credit monitoring. Objections to the proposed settlement may be submitted in writing. You may exclude yourself from the settlement and sue on your own, but you have to pay your own lawyers’ fees and costs, and you will not be eligible for any benefits under the class action settlement.

You must register online or by mail by the stated deadline and exactly as instructed in order to receive a free credit score or credit monitoring. If you do nothing to register, you will not be eligible for a benefit, and you may not sue under a separate lawsuit.

Fortunately, you do not have to pay for lawyers’ fees and costs in this case because they are paid as part of the settlement. The bill for the lawyers representing the class action members could be up to $2,550,000 for more than three years of work investigating the facts, litigating the case, and negotiating the settlement.
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There is usually an official website devoted exclusively to a class action settlement. For complete information about the Experian credit score/credit monitoring settlement, go to http://www.browningsettlement.com.