Excerpted from Get Free Credit-Monitoring Services, by Kimberly Lankford, for Yahoo! Finance:
TransUnion agreed to offer free credit monitoring to more than 160 million people as part of a preliminary lawsuit settlement. The suit claims that TransUnion violated the Fair Credit Reporting Act by selling lists with consumers’ personal and financial information for marketing purposes. TransUnion discontinued that business several years ago.
The settlement applies to everyone who had an open credit account or open line of credit from any lender from January 1, 1987, to May 28, 2008. Anyone with a credit card, car loan, mortgage, student loan or any other loan qualifies, which means most adults do.