Suit Results in Free Credit Service (SDUT, June 2008)
Huge lawsuit against one of the main credit bureaus TransUnion. The litigation dates back to 1998 where they were charged for selling consumers personal data to marketers in violation of federal law. TransUnion has denied any wrong doing but has agreed to create a $75 million fund to compensate affected parties.
Who's eligible? Pretty much everyone because as long as you've had some form of open credit i.e. credit card, car loan, or student loan between Jan. 1, 1987 and this past May 28th... you're in.
How it works: Visit https://www.listclassaction.com/ and you can choose from either 9months of free credit monitoring (if you agree not to file an individual law suit) where they will alert you by email within 24hours of any significant change to your credit and give you the option of locking you entire file so that no one can obtain your TransUnion report without permission. Or 6months of the same, credit monitoring and locking privileges if you choose to file an individual law suit. To register a claim you can call 866-416-3470.
So if you're thinking of buying a home or refinancing you definitely want to take advantage of this free service. With the recent lending crisis banks are demanding higher credit scores and turning away borrowers with bad credit. For any buyer putting less than 20% down, Mortgage insurers require even higher credit scores. The days of Bad Credit? No Credit? No Problem, are over! Everyone should take care of their credit because it will determine what interest rate you get on credit cards, car loans, and most importantly any future home mortgage.
Looking to buy a home in the near future? Whether you have questions about how much you'll need to put down, first-time home buyer programs, or Short Sales and Foreclosures... We're here to help! Send your questions to nathan-crudogroup@ascentrealestate.net or
Search the entire MLS for available homes at: http://www.nathancrudogroup.com/index.asp
I hope you find this useful... I know I did!
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