There's news out recently about the class action suit settlement with TransUnion, one of the three major credit bureaus. What this means to you is that you can sign up to receive free up to nine months of credit monitoring from TransUnion. What does it take to qualify? Well, you need to have had any sort of credit information reported to the credit bureaus between January 1, 1987 and May 29, 2008. Information would be generated from car loans, credit cards, home mortgages and such. Pretty hard to not qualify unless you were a minor during this period.
I recommend you take advantage of this offer by going to this website: https://www.listclassaction.com/ and signing up for the 9 months of enhanced credit monitoring. You might at first think you should take the six months of credit monitoring and a potential cash payout from the settlement, however, read the terms carefully and you'll find that even if you were to qualify for a cash payout it'll be at least two years before that happens. Take the bird in the hand. I did. After registering you should receive information via email that tells you how to start the service. I haven't received that email yet so I can't tell you when it will happen.
Once you start the service you'll get in the habit of monitoring your credit report, which is a really smart thing to do if you want to achieve credit excellence. It can also help you to ensure identity theft is recognized early should it ever happen to you.
