myFICO and Equifax Lawsuit Settlement Benefits Recent Customers

If you purchased, paid for, and received a credit score or credit monitoring product from or between November 19, 1999, and February 8, 2007, you are eligible to receive 3-6 months of free Score Watch as a result of the Hillis and Slack Settlement.

The settlement is a result of lawsuits that contend that the Equifax Consumer Services website ( and the Fair Isaac Corporation website ( violated the federal Credit Repair Organizations Act in the advertising and marketing of their products.

To be fair to Equifax and myFICO, their products are not truly associated with credit repair, as they really only provide credit reports, credit scores, and credit monitoring services; however, this distinction can easily be confusing to many consumers, so the lawsuits were not completely unfounded.

The basic issue pertains to the use of marketing content that promises to improve consumer credit scores. Equifax and Fair Isaac opted to settle the case and will no longer make such promises in their marketing.

The important part of the Hillis and Slack settlement is that anybody who purchased many or products (regardless of whether you paid or a third party paid on your behalf) can receive up to 6 months of free Score Watch, which regularly costs $8.95 per month, so submit an authentication form to receive your free benefit if you qualify.

Authentication forms must be submitted online or postmarked no later than November 20, 2007.

Visit the Hillis and Slack Settlement Website for full details on the settlement and to submit your online authentication form to receive free Score Watch.

The Score Watch program provides credit score monitoring services including free access to your credit report and credit score.

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