In 2025, Credit One Bank is involved in a major legal settlement that could result in significant compensation for individuals affected by the bank’s alleged practices regarding robocalls. The settlement, amounting to $14 million, is a class action lawsuit designed to compensate consumers who received unsolicited calls from Credit One Bank or its affiliates between 2014 and 2019. If you were one of those individuals, this article provides all the essential details you need to know about the settlement process, including who qualifies, how much compensation you might receive, the payment timeline, and how to file your claim.
$1000 Credit One Bank Settlement 2025
| Aspect | Details |
|---|---|
| Settlement Amount | $14 million |
| Eligibility Criteria | Unsolicited robocalls from Credit One Bank or its affiliates between 2014-2019 |
| Estimated Compensation | $100 – $1,000 per claimant |
| Claims Deadline | Claims submission window open for 60–90 days post-website launch |
| Official Website | Credit One Settlement Website |
| Payment Date | Expected 6–9 months after court approval |
The Credit One Bank settlement is an important opportunity for individuals who were affected by unsolicited robocalls. If you received these calls between 2014 and 2019, you may be entitled to compensation ranging from $100 to $1,000. The process to file a claim is simple and straightforward, and payments are expected to be disbursed 6 to 9 months after the court’s final approval.
Keep an eye on the official settlement website for updates on the claims process and ensure you submit your claim before the deadline. By following the steps outlined in this article, you can ensure that you receive the compensation you deserve for the inconvenience caused by these unwanted robocalls.
What Is the Credit One Bank Settlement About?
Credit One Bank, a prominent credit card issuer, is facing legal action for allegedly violating the Telephone Consumer Protection Act (TCPA) by making unsolicited robocalls to individuals without their consent. These automated calls are often used for marketing purposes and can be intrusive, especially when they disrupt people’s daily lives.
The TCPA, established in 1991, was designed to protect consumers from unwanted telemarketing calls and faxes, particularly those made using automated systems. According to the law, companies must obtain explicit consent before contacting a consumer with automated calls or messages.
In response to these allegations, Credit One Bank has agreed to settle the lawsuit for $14 million. This settlement aims to compensate those who were affected by the unwanted calls during the specified period from 2014 to 2019. If you were one of the recipients of these robocalls, you may be eligible to receive compensation.
Why Is the Settlement Important?
This settlement is an important victory for consumers and advocates of privacy protection. Robocalls have become a significant issue for many Americans, with the Federal Trade Commission (FTC) and the Federal Communications Commission (FCC) reporting that millions of unwanted calls are placed every year. Many of these calls come from automated systems employed by companies like Credit One Bank.
By settling this lawsuit, Credit One Bank is helping to raise awareness about the importance of respecting consumer privacy. For consumers, the settlement offers an opportunity to receive compensation for the frustration and inconvenience caused by these calls, which often interfere with people’s personal and professional lives.
Who Is Eligible for the Credit One Bank Settlement?
To be eligible for compensation, you must meet the following criteria. If you received unsolicited robocalls from Credit One Bank or its affiliates during the period from 2014 to 2019, you could qualify.
Eligibility Criteria:
- Robocalls Received: You must have received a pre-recorded or automated robocall from Credit One Bank or any of its affiliates. This includes telemarketing calls made without your consent.
- No Prior Consent: The call must have been made without your prior express consent. In other words, if you did not agree to receive automated calls, you could be eligible for compensation.
- Your Phone Number: The phone number that received the calls must have been yours during the time period in question.
It’s important to note that even if you were not a customer of Credit One Bank, you could still be eligible for compensation as long as you received unsolicited calls during the relevant period. If you were a Credit One customer but did not opt into receiving telemarketing calls, you may also qualify.
Who Is Excluded from the Settlement?
There are some exclusions, such as:
- Individuals who consented to receiving calls.
- People who received calls for non-marketing purposes, such as important account-related notifications.
- Businesses rather than individuals who received the calls.
If you are unsure whether you qualify, you can visit the official settlement website to verify your eligibility or consult with a legal advisor for clarification.
How Much Will Eligible Individuals Receive?
The total settlement amount is $14 million, but only a portion of this amount will be distributed to the claimants. After legal fees, court costs, and administrative expenses are deducted, approximately $8 to $9 million will be allocated to consumers who were affected by the robocalls.
Estimated Payout Range:
The payouts will vary based on the number of claims submitted and the extent to which the individual was impacted by the calls. However, the estimated compensation range is as follows:
- $100 to $1,000 per claimant: Individuals who received more frequent or disruptive calls may receive a higher payout, whereas those who received only a few calls may get a lower amount.
- Average Payout: Based on the number of claims expected, many claimants can expect to receive between $200 and $500, although the final amount will depend on several factors.
Example of a Potential Payout:
If you received multiple robocalls during the period, your payout could be higher. For instance, if you received five robocalls over the course of several years, you could expect a payout on the higher end of the spectrum. Conversely, if you only received one or two calls, your payout will likely fall toward the lower end.
How to File a Claim for the Credit One Bank Settlement
If you believe you are eligible for compensation, the next step is to file a claim. Fortunately, the process is simple and straightforward.
Step-by-Step Guide to Filing a Claim:
- Visit the Official Settlement Website
After court approval, the official settlement website will be launched. This website will provide detailed instructions for filing your claim and submitting all necessary information. - Complete the Claim Form
You will need to provide some personal information, including your name, address, and the phone number(s) that received the robocalls. Make sure to accurately list all the numbers that received calls. - Submit Documentation (Optional)
If you have call logs or other records proving that you received the robocalls, you may upload them as supporting documentation. Although documentation is helpful, it is not required for filing a claim. - Choose Your Payment Method
The settlement will offer various payment options, such as direct deposit, check, or PayPal. Select the one that suits you best. - Submit Your Claim
Double-check all your information before submitting the claim. Ensure that you meet the deadline for submission, as late claims will not be processed.
Filing a Claim by Mail
In addition to filing claims online, there may be an option for filing by mail. The instructions for submitting a claim via mail will be available on the settlement website once it is live. If you choose to file by mail, ensure that you provide all the necessary documentation, such as call logs or proof of robocalls.
When Will You Receive Your Payment?
Once you submit your claim, the process of reviewing and distributing payments will begin. The entire process can take several months, but there is a general timeline for when you can expect to receive your compensation.
USA Minimum Wage Increase Expected In 2025 – Check New Hourly Wage Rate, Eligibility
Social Security and the Middle Class: The Real Numbers Behind Retirement Income in America
IRS to Pay $2,600 Refunds to These Americans Before Month’s End
Payment Timeline:
- Website Launch: The official claims website is expected to be launched within 30 to 45 days after the final court approval.
- Claims Submission Window: Once the website is live, the claims window will remain open for 60 to 90 days. It is important to submit your claim within this window to ensure that it is processed.
- Claims Review: After the submission deadline, the claims administrator will review all claims. This process can take 3 to 5 months.
- Payment Disbursement: Payments are expected to be sent out 6 to 9 months after the final court approval, depending on the number of claims and processing speed.
FAQs
1. How can I confirm that I am eligible for the Credit One Bank settlement?
Eligibility is based on whether you received unsolicited robocalls from Credit One Bank or its affiliates between 2014 and 2019. If you received these calls without providing prior consent, you are likely eligible for compensation.
2. What if I don’t have proof of the robocalls?
While providing proof such as call logs or voicemail recordings is helpful, you do not need proof to submit your claim. Simply confirming that you received the calls will suffice.
3. When will I get my settlement check?
The expected payment timeline is 6 to 9 months after the settlement is approved. You will receive a notification when payments are ready.
4. Can I file a claim if I didn’t save my call records?
Yes, you can still file a claim without call records. The claim will be processed based on the information you provide, including the phone number that received the calls.
5. Are there any fees to file a claim?
No, filing a claim is completely free. Be cautious of any third-party services that may charge fees to help you submit your claim.
