The much-anticipated Credit One Bank Settlement is finally here, as the Bank has agreed to the Class Action Lawsuit for paying $14 million as compensation amount to all the affected customers. To avail of the compensation, you are required to fill out the Credit One Bank Settlement 2025 Claim Form.
Credit One Bank Settlement 2025 Claim Form
A class action lawsuit against Credit One is finally moving ahead, which earlier drew attention over its unfair practices by which millions of customers across the U.S. The Credit One was alleged of used automated systems to call other individuals without the customer’s permission. This practice carried on from 2014 to 2019, which violated the Telephone Consumer Protection Act (TCPA).
The allegations on the Credit One Bank included the wrong credit, high interest rates, unauthorized penalties & fees, and unresolved grievances, which targeted and confused the customers with hidden charges. Now, Credit One has finally settled the claims and has also agreed to pay the settlement amount worth $14 million.
Over 1,400 complaints were reported against Credit One Bank between 2022 and 2025 for initiating legal actions. Let’s get more information about the eligibility, payment dates, amounts, and other relevant information that will guide you to fill the claim form.
Credit One Bank Settlement 2025: Overview
| Article On | Credit One Bank Settlement 2025: Claim Form |
| Bank Name | Credit One Bank |
| Settlement Type | Class Action Settlement |
| Country | U.S. |
| Total Claim | $14 million |
| Payment Amount | $100 to $1,000 |
| Beneficiary | Active Customers between 2014 to 2019 |
| Payment Deadline | Yet to be disclosed |
| Category | Class Action |
| Official Website | creditonebank.com |
Credit One Bank Settlement: Background
In 2014, a class action lawsuit was filed against Credit One Bank for violating the TCPA (Telephone Consumer Protection Act) for continuously contacting Credit One customers by automated phone calls and messages without their consent.
The lawsuit claimed that these unauthorized calls included unnecessary debt reminders, offers, and text messages that were not only sent to the bank customers but also to those individuals who did not have any connection with the bank. Without putting its point before the court, Credit One agreed to pay $14 million as the settlement amount to the customers, while denying its involvement.
Credit One Bank Settlement: Eligibility Criteria
All the eligible candidates can avail of the settlement amount by meeting the following requirements:
- Active customer of Credit One Bank between 2014 to 2019 who had received recorded or automated calls/audio from this bank or any partner without any information.
- Made transactions using the credit card of the Credit One Bank.
- Suffered financial loss due to penalties, baffling fees, and erroneous reporting.
- Have substantial proof of the documents, including the statements and Identity proof.
Under this settlement, both the savings and current account holders are eligible to file a claim if they experienced financial loss. As the settlement payment date is nearing, all the claimants will be informed soon. In case the eligible candidate did not receive any notice from the official site, they may verify their eligibility through the online settlement portal.
The customers who have already received the notification for the payment must fill out their claim form and PIN, and after getting valid confirmation, they have to check the payment method, which will be either by check or direct deposit.
How to File a Claim for the Credit One Bank Settlement?
On the final approval of the court, all the necessary details and instructions will be uploaded to the official website. If your details are already updated in the bank record, you will automatically get the notification by email.
Here are a few steps which you should keep in mind before filling the claim: –
- Visit the official website (to be launched soon).
- Fill in all your details, including name, address, phone number, and bank details.
- Insert all the attachments of the proof and submit the oath statement.
- Choose your payment method (PayPal, Check, or Direct Deposit).
Though the claim deadline date is yet to be disclosed, you must ensure to submit the claim form before the deadline, which is expected to end within 60-90 days after the opening of claim forms.
How Much Compensation Will I Receive Under the Settlement?
The settlement amount will be disbursed to all the affected individuals, which varies from $100 to $1,000 per person. This amount is calculated by considering the total number of valid claims filed under the Credit One Bank Settlement. Out of $14 million, only $8 million to $9 million will be distributed to the affected customers after taking out the administrative and legal fees.
Credit One Bank Settlement: Payment Date
All the qualifying customers of the Credit One Bank will receive the compensation amount ranging from $100 to $1,000. To get the payment benefit, the customers have to fill out the claim form. However, the process has not been started yet, as the amount will be disbursed after the final decision and approval of the court, and the payment date also depends on the number of claim applications received. In general:
- It takes 3 to 5 months to review the settlement claims
- All eligible candidates will receive the compensation within 60 to 90 days after final approval of the court.
However, you are advised to authenticate the mail ID from which you are receiving emails, as one wrong click can again leave you in trouble.
| Homepage | moyle-council.org |
