Equifax Pays Millions to Settle Illegal Credit Reporting Claims Related to Civil Judgments and Tax Liens
Equifax recently settled multiple class action lawsuits filed under the Fair Credit Reporting Act alleging it failed to update civil judgments and tax liens. The settlement prohibits Equifax from reporting any civil judgment or tax lien records for five years, with limited exceptions. The settlement also requires Equifax to establish an independent claims program for impacted consumers.
While this is great news for many consumers who had judgments and liens removed from their credit reports, this does not mean that consumers’ credit profiles will be free of errors. Nevada consumers should continue to check their credit reports using www.annualcreditreport.com to ensure the information is accurate and up-to-date. If you find any inaccurate information in your credit report, you should consult with a Las Vegas credit attorney to discuss your rights under federal law.
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