Equifax agreed to pay $100 million to settle claims that a 2022 coding error sent wrong credit scores to lenders. Mortgage borrowers who sought credit during that short window are expressly included in the class.
A credit score is a number lenders use to judge loan risk. Credit and Collection News reports the agreement resolves claims over inaccurate scores sent to lenders. If you applied for a mortgage in spring 2022, check the dates and file on time.
Official resources:
- Read the original report from Creditandcollectionnews — Use this primary source to review the complete report.
- Read the official notice from Money — Use this primary source to verify the official announcement.
Table of Contents
- Did your mortgage application fall in the window?
- How much could you receive?
- How do you file a claim?
- When will payments go out?
Did your mortgage application fall in the window?
Fast Company reports the alleged error ran from March 17 to April 6, 2022. It affected about 4 million people seeking mortgages, auto loans, credit cards or other credit. A three-week mortgage application can therefore place you in the class.
ConsumerAffairs reports incorrect scores may have affected people applying for mortgages, auto loans and credit cards in that window. Mortgage borrowers are not an edge case here. They are a central part of the claim.
How much could you receive?
The fund is fixed at $100 million, so payments will be divided pro rata. That means each valid claim gets an equal share after costs and fees. More valid claims means a smaller check.
Gibbs Mura, co-lead counsel, stated through Business Wire that valid claims are estimated to receive $95 to $280. The firm also called it the largest Fair Credit Reporting Act settlement in history. The Fair Credit Reporting Act is the federal law that sets accuracy duties for credit bureaus.
How do you file a claim?
Money reports eligible consumers must submit a valid claim online or by mail postmarked by Dec. 28, 2026.
Use only the official settlement website or the mailed claim form. Keep a copy of what you send.
- Confirm you sought mortgage or other credit between March 17 and April 6, 2022
- Complete every required field on the official claim form
- File online or mail it with a postmark by Dec. 28, 2026
When will payments go out?
The case is In re: Equifax Fair Credit Reporting Act Litigation in the Northern District of Georgia. Judge Leigh Martin May granted preliminary approval on Aug. 17, 2026, according to Credit and Collection News.
Equifax denies wrongdoing and denies Fair Credit Reporting Act violations, according to the same report. No money will be paid until final court approval at the Jan. 22, 2027 fairness hearing plus resolution of any appeals. Do not spend an expected payment before that process ends.