TransUnion Second of ‘Big Three’ Credit Reporters Hit with Lawsuit This Week

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The plaintiff behind a proposed class action filed recently against Experian has also brought a lawsuit against Trans Union, LLC, another of the “Big Three” credit reporting companies, over similar allegations. Filed in Alabama, the plaintiff alleges Trans Union violated the Fair Credit Reporting Act (FCRA) by not being entirely truthful about the sources of consumers’ information.

The lawsuit alleges Trans Union has for years received its financial data—information on bankruptcies, civil judgments and tax liens—from private “vendors.” Yet on its credit reports provided to consumers, Trans Union purports to retrieve records from courthouses and government offices, something the case alleges the company has not done “for many years.” This is where problems begin for many consumers, the lawsuit argues, and worse, Trans Union is allegedly aware that the information it spreads is, in many instances, inaccurate.

“Trans Union knows that both it and its public records vendors make mistakes in the distilled public records information that is acquired for the purposes of credit reporting,” the 11-page complaint reads. “Trans Union routinely fails to report accurate information about Alabama civil judgments, including the most up-to-date status.”