Scoring Mistake by Equifax Leads to Class Action Lawsuit Investigation

Last Updated on March 7, 2023

Investigation Complete

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At A Glance

This Alert Affects:
Anyone who applied for a mortgage, auto loan or credit card between March 17 and April 6, 2022.
What’s Going On?
In August 2022, reports surfaced that a coding mistake in Equifax’s system provided inaccurate credit scores on behalf of millions of Americans applying for loans and credit cards. This may have caused some consumers to receive too high of an interest rate or have their applications wrongfully denied. Now, attorneys working with are looking to get a class action lawsuit on file.
How Could a Class Action Help?
A class action lawsuit, if successful, could force Equifax to notify those who were affected by the scoring error, pay for credit repair services, and compensate people for the time and money they spent addressing the situation.