Details: The TransUnion settlement will resolve a class action lawsuit, entitled Wang v. Asset Acceptance, LLC, et al., that alleges Asset improperly furnished information to TransUnion regarding purported delinquent accounts without reporting that the consumer had disputed the debt. The class action lawsuit further alleges that TransUnion subsequently issued credit reports to third parties containing information regarding the subject account but did not indicate that the consumer had disputed the debt.
 
Asset and TransUnion deny the allegations but have agreed to pay a combined $1 million class action lawsuit settlement to resolve the litigation.
 
You are a Class Member of the TransUnion credit report class action settlement if, between June 22, 2009 and October 15, 2009, TransUnion issued your credit report to a third-party user in connection with your application for credit, insurance or employment, where the report described one or more Asset-owned delinquent accounts that you disputed but did not contain an "Account In Dispute" or "AID" remark.
 
If the TransUnion credit report settlement is approved, all Class Members will automatically receive a free six-month TransUnion Credit Monitoring Subscription. To activate this, you must submit your email address at the Settlement Administrator's website at www.WangClassActionSettlement.com, to which the Settlement Administrator will send an Activation Code.
 
In addition to the free credit monitoring, the TransUnion class action settlement will provide cash payments of up to $100 to 8,248 Settlement Class Members whose credit scores may have been lowered because their reports did not contain an "AID" remark. In order to receive a cash payment, these Class Members must submit a claim form postmarked on or before March 2, 2012.
 
Claim forms and more information on your rights in the TransUnion Credit Report Class Action Settlement can be found at www.WangClassActionSettlement.com.