Credit Plus “Inactive” Mortgage Status Class Action Settlement
The settlement Class consists of “all consumers whom Credit Plus’ records reflect had a current address in Virginia at the time that a Credit Plus MERS Report with a mortgage status field indicating ‘inactive’ was ordered between February 4, 2014 through September 19, 2016.”
You should submit a Claim Form if you applied for a mortgage or mortgage refinance between Feb. 4, 2014 to Sept. 19, 2016, and believe your application was delayed, denied, or subject to additional scrutiny.
Proof of Purchase
Inmer Campos-Carranza, et al. v. Credit Plus Inc.,Case No. 1:16-cv-00120District Court for the Eastern District of Virginia, Alexandria Division
The plaintiffs allege that Credit Plus violated FCRA by not properly reporting or updating the status of mortgages. This caused significant delays when consumers were attempting to obtain additional lines of credit.
The FCRA has a heightened expectation for credit report resellers to have updated and accurate consumer information
The plaintiffs claimed that Credit Plus violated FCRA by including data that was inaccurate
Credit Plus denies doing anything wrong but has agreed to settle