From 2014 and 2019 if you have received a span or unauthorized robocall from Credit One Bank then, you may be eligible to receive a payment from a newly announced $14 million class action settlement. This legal resolution stems from allegations that Credit One violated federal law by using auto dialers and prerecorded messages to contact customers without prior consent.
Credit One Bank $14 Million Settlement 2025
The $14 million Credit One Settlement aims to compensate affected individuals and resolve claims under the Telephone Consumer Protection Act (TCPA). With the number of valid claims determining each claimant’s share, the estimated individual payout range is expected to be around $100 though this may vary. Let’s break down the background, eligibility criteria, claim process, and payment timeline for the Credit One Bank class action settlement.
Credit One Bank Settlement – Overview
| Article Name | Credit One Bank $14 Million Settlement 2025 |
| Total Fund | $14 million |
| EstimatedPayout Per Person | $300 |
| Country | USA |
| Official Website | Not Live |
Credit One $14 Million Settlement Background
So before we discuss the various details regarding this particular settlement such as the claim process, amount and date, it is important that we thoroughly discuss the root cause behind this whole lawsuit. In this case the plaintiffs accused Credit One Banks and their debt collection agency of violating the TCPA guidelines. The banks and its affiliated agencies used the automated phone class with the help of the robocalls and the prerecorded voice tech without the consent of the consumer. These particular violations have occurred between the years 2014 and 2019 that have affected both mobile and the landline users.
Now the majority of these automated calls were part of the bank’s marketing efforts or the debt collection messages. Customers registered several complaints and asked for these calls to stop on many occasions but for many calls still continued. After seeing the scale of the lawsuit the Credit One Bank decided to settle it for $14 Million and didn’t accept any wrongdoings. The settlement offers were part of their effort to avoid the lengthy litigation and resolve all the claims.
Credit One Bank Settlement Eligibility Criteria
So if you are thinking of claiming this particular settlement, then the administrator has set some clear guidelines that would help them to identify the eligible beneficiaries. So you need to qualify for these rules:
- In order to receive $14 Million Credit One Settlement Payout an individual must have received at least one robocall or a prerecorded message from the Credit One Bank or its collection agency.
- You must have received such calls between the year 2014 and 2019.
- Lastly you shouldn’t have given prior consent to the bank so that they can contact you via automated means.
So if you are someone you qualify on all these conditions then you’ll be considered for the Credit One Bank $14 Million Settlement. While some might have received a formal notification for the same, you may still qualify for the portion of the settlement if your number appears in the calling records of the Credit One.
How Much Money Will You Get From $14 Million Credit One Settlement?
Now, one of the most asked questions about this particular settlement is how much money will you be receiving. Well the total available fund for this settlement is $14 Million and the money will be divided between the claimants on a pro rata basis. However, before the payment distribution starts the attorneys’ fees, administrative costs, and other related expenses will be cut from the fund and then the individual payout will be distributed between the valid claimants. As per our early estimates every individual is set to receive on an average $100.
However, how much amount you receive will actually depend on the claims that would be filed by the claimants. If the number of valid claims is higher then the amount per person will be less and if the claim number is higher then the claim amount will be higher. So might receive $50 or $300 all depending on the claim volume.
Credit One Settlement Application Process
So, we have discussed the background, eligibility, and the payout. Understand the application process for the $14 Million Credit One Settlement. The settlement administrator has designed the whole process so that it could be easily completed by anyone without any issues:
- Firstly, you should go to the official website of the settlement, currently the settlement administrator hasn’t made the website live so we’ll need to wait for the same.
- On that website you’ll file the claim form and the other options. So the true process will only be available once the website goes live.
When Will You Receive Credit One Settlement Payout?
As of now the Credit One Bank has only announced a $14 Million Class Action Settlement. Even the claim application process has not started. So before the claimants even see the payment they’ll have to wait for the final court approval and various other process that we discuss below:
- First the application website will be made live and all the submitted claims will be reviewed for eligibility.
- If any objections or appeals are filed against the settlement then they would be resolved.
- Once all this is done the settlement will go to the judge for its approval and thereafter you’ll see your payment coming.
All to Know!
So this was all the discussion that you currently need to remember in order to be eligible for the Credit One Bank $14 Million Settlement. This is a great win for the customers and a warning for the companies to follow the TCPA , which aims to protect the individuals from the unwanted calls. So if you are someone who has received a robocall from the Credit One Bank then you should wait for the claim forms to start as after that you can receive up to $300 as an individual settlement payout. Finally you should look for any updates regarding the settlement from the official sources.
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