So what do you know?  A week after I wrote an article on how to obtain a free credit report, you now are able to obtain a free credit score for free along with free 24-hour credit monitoring service for up to one year.  And get this, how about some free cash to go along with that too?  Sounds too good to be true right?

Well, this is what happened when a corporation did not respect your privacy.  As part of the class-action lawsuit settlement for selling customer information to other businesses, TransUnion will provide a free 24-hour credit monitoring service for up to one year and a free credit score (not FICO score) to anyone who has an open credit line between January 1, 1987 and May 28, 2008.

If you are eligible, you may choose one of the two following benefit options:

  1. Sign up for six months of credit monitoring services. If you select this option, you can also register to possibly receive cash benefits in the event of a cash distribution or file an individual lawsuit against the Defendants.  Valued at $59.75.
  2. Sign up for nine months of enhanced credit monitoring services. If you select this option, you will not receive any further benefits, including a cash payment, and you will not be able to file an individual lawsuit against the Defendants.  Valued at $115.50.
  3. Register to possibly receive a cash payment. If you select this option, you can also sign up for six months of credit monitoring; however if you receive a cash payment, you cannot file an individual lawsuit against the Defendants.  Payments won’t be made for two years and will only be paid if there’s money left from the $75 millions settlement.

You can register your option by going to the Class Action Lawsuit website.  You have to register by September 24, 2008 to receive the benefit.

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