TransUnion and Equifax have agreed to reach a settlement in a class-action lawsuit involving bankruptcy notations made in consumer credit files. Experian has already finalized a settlement. The lawsuit grew from South Carolina case wherein a consumer was unable to get a car loan because of a bankruptcy notation in his credit file. The man had co-signed a loan for his son-in-law, who later filed for bankruptcy. The case was heard on January 17th, at which time Experian offered its settlement. U.S. District Judge Margaret Seymour has set a preliminary settlement conference for mid-February. Credit Bureaus reporting something wrong, no!!
