A class action lawsuit has been filed against credit agencies Equifax and TransUnion by attorneys from Klyden Legal. This legal action seeks to address inaccuracies in consumers’ credit files. The suit specifically targets false or inaccurate personal information recorded since May 5, 2023.
Lawsuit Details and Background
The class action was initiated on behalf of two consumers, with a notable case involving a man named Kevin Villeneuve. In 2025, Mr. Villeneuve received multiple notifications from Equifax about a mortgage that was inaccurately assigned to his credit profile. He already owned a mortgage, which led him to investigate the situation. Upon further inquiry, he discovered that the mortgage belonged to another individual with the same name.
Challenges Faced by Consumers
Mr. Villeneuve faced significant challenges in rectifying his credit report. Despite his efforts, both credit bureaus insisted that the mortgage accurately belonged to him. He reported a lack of support from Equifax and TransUnion, a sentiment echoed by Me Marie-Philip Simard, who stated that consumers often have to navigate issues themselves without proper assistance from these agencies.
Statistics and Expert Insights
Alain Fortier, President of the Canadian Credit Agency, highlighted troubling statistics regarding credit file inaccuracies. He noted that approximately 79% of credit reports contain some form of error. Fortier criticized the current system, suggesting that it unfairly places the onus of resolving issues on consumers.
Compensation Sought
The plaintiffs seek $5,000 in damages for each class member impacted by these inaccuracies, along with an additional $5,000 in punitive damages. Consumers who have faced similar issues with their credit files can register for this class action through Klyden Legal’s website.
Call to Action
Individuals who have experienced problems with their credit reports from Equifax or TransUnion are encouraged to reach out to Klyden Legal. The firm aims to gather more plaintiffs for the case and provide them with the necessary support.
- Class action filed against Equifax and TransUnion
- Focus on inaccuracies since May 5, 2023
- Kevin Villeneuve’s mortgage mishap highlights issues with credit reporting
- 79% of credit files have errors according to experts
- Compensation of $5,000 sought per affected consumer
