In a statement on its website, Equifax acknowledged as many as 300 thousand people experienced a score shift of 25 points or more. That’s enough to swing your credit rating from good to fair, or fair to poor.
As for the Florida woman whose score dropped 130 points, she was applying for a car loan at the time. Because of the Equifax mistake, the lawsuit says her car payments increased by $200 a month. That’s $2,400 a year.
While the lawsuit has not yet been granted class-action status, you may want to contact the plaintiff’s attorney for more information if you believe you may have been affected by this Equifax incident. His contact information is below.
GREGORY J. BOSSELER
Georgia Bar No.: 742496
MORGAN & MORGAN ATLANTA, PLLC
191 Peachtree Street NE, Suite 4200,
Atlanta, Georgia 30303
Telephone: (404) 496-7254
Facimile: (404) 720-3835