$17.5M 700Credit Settlement Resolves Class Action Lawsuit Over October 2025 Data Breach

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700Credit has agreed to a $17,500,000 settlement to conclude a class action lawsuit that alleged the credit reporting company failed to protect the sensitive information of its clients’ customers from a data breach discovered in October 2025.

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The $17.5 million 700Credit class action settlement received preliminary approval from the court on June 4, 2026. The deal covers all living United States residents who were sent notice indicating that their private information may have been impacted in the data breach.

Court documents state that approximately 5.8 million people are covered by the class action settlement.

ClassAction.org will update this page when the official 700Credit data breach settlement website is live.

700Credit settlement class members who file a valid, timely claim form can receive up to $2,500 for documented losses from fraud or identity theft related to the data breach.

Class members must submit proof, such as receipts or correspondence, to receive a documented-loss payment.

In lieu of a documented-loss payout, class members can instead file a claim form to receive an approximately $50 cash payment, with no proof required. Court documents note that the final amount of this payment may increase or decrease on a pro rata basis, depending on the total number of claims filed.

ClassAction.org will update this page with instructions on how to file a claim form as they are released by the settlement administrator.

In addition to a cash payout, all class members will automatically receive an enrollment code on their copy of the settlement notice for two years of credit monitoring services. Enrollment in this service will become available only after the settlement is granted final approval.

The court will determine whether to grant final approval to the 700Credit data breach settlement following a hearing on December 15, 2026. Compensation will begin to be distributed after final approval is granted and any appeals are resolved.

The 700Credit class action lawsuit alleged that on October 25, 2025, cybercriminals were able to gain access to sensitive information stored on the credit reporting and identity verification company’s web application using compromised credentials.

Per court documents, private information potentially exposed during the data breach included names, addresses, dates of birth and Social Security numbers.

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