Credit One Bank $14 Million Settlement 2025: If you received an automated call or prerecorded message from Credit One Bank between 2014 and 2019, you might be eligible for compensation from a newly announced $14 million class action settlement. This settlement comes in response to complaints that the bank used robocalls to contact people without their prior consent, violating certain communication laws. While Credit One has not admitted any wrongdoing, they’ve agreed to pay this amount to resolve the matter and move forward.
This article breaks down all the important information about the Credit One Bank $14 Million Settlement 2025—including who qualifies, how much money you might receive, when payments could be issued, and how to file your claim once the process begins.
Credit One Bank $14 Million Settlement 2025
The Credit One Bank $14 Million Settlement 2025 is the result of a legal dispute concerning the use of robocalls without permission. People who were contacted during this period now have a chance to receive money as compensation. While the company hasn’t admitted liability, the agreement allows both parties to avoid lengthy court proceedings. The settlement reflects a broader commitment to privacy rights and consumer protection, ensuring companies respect individuals’ communication preferences.
Overview Table: Credit One Bank $14 Million Settlement 2025 – At a Glance
| Detail | Information |
| Settlement Name | Credit One Bank $14 Million Settlement 2025 |
| Total Fund | $14 million |
| Estimated Individual Payout | Around $100 (subject to number of claims) |
| Eligibility Period | Robocalls received between 2014 and 2019 |
| Location | United States |
| Consent Requirement | Call must have been received without prior consent |
| Official Claim Website | To be launched soon |
| Payment Mode | Likely via check, direct deposit, or digital transfer |
Credit One $14 Million Settlement Background
The dispute began when customers reported receiving robocalls from Credit One Bank and its affiliated agencies. These calls were often used for marketing or debt collection, and they targeted both mobile and landline users. Many individuals claimed they never gave permission to receive such messages. Despite efforts to opt out, the calls allegedly continued.
As the complaints grew, a class action lawsuit was formed. To resolve the issue without going through trial, Credit One Bank decided to settle the matter for $14 million. They have not admitted guilt but agreed to this amount to conclude the legal process.
Credit One Bank Settlement Eligibility Criteria
To qualify for a share of the settlement, you must meet certain conditions. Here’s what makes someone eligible:
- You received a robocall or prerecorded message from Credit One Bank or its debt collection partners.
- The call must have been made between the years 2014 and 2019.
- You did not provide prior consent for these types of calls.
If you meet all these criteria, you may be eligible to receive a payment. Even if you did not receive a formal notice, your phone number might still be listed in Credit One’s calling records, which means you could qualify.
How Much Money Will You Get From $14 Million Credit One Settlement?
Many people are wondering how much money they can expect. The final amount you receive will depend on how many valid claims are submitted. The total settlement fund is $14 million, but some of that money will be used to pay legal fees, administrative costs, and other expenses related to the settlement.
Once those deductions are made, the remaining amount will be divided among the eligible claimants. On average, individual payments are expected to be around $100. However, that number may vary. If fewer people file claims, each person may get more—possibly up to $300. If more people file, the payment could be lower.
Credit One Settlement Application Process
Filing a claim for the settlement is expected to be a simple, online process. Here’s what you need to know about applying:
- Wait for the official settlement website to go live. This will be announced publicly.
- Once live, visit the website and find the claim submission section.
- Fill out the form with your name, contact information, and phone number that received the robocalls.
- Confirm your eligibility and submit any optional supporting documents, if requested.
- Submit the form before the deadline to be considered.
Currently, the website is not active, but once it is, the steps above will help guide you through the process.
When Will You Receive Credit One Settlement Payout?
At this stage, the process is still in its early stages. Here’s what needs to happen before you receive your payout:
- The court must give final approval to the settlement agreement.
- The claim website must go live, and people must have time to file their claims.
- All submitted claims will be reviewed for eligibility.
- Once verified, and if no legal objections delay the process, payments will begin.
Typically, this process can take several months, so those eligible should expect to receive their payments within 6 to 9 months from the court’s final approval. Payment methods may include checks or direct deposit, based on what you choose during the claim process.
All to Know!
To sum it all up, this settlement is an opportunity for anyone who received unwanted robocalls from Credit One Bank between 2014 and 2019 to receive financial compensation. The claim process will be easy to complete, and you may not need to provide any documents if your phone number is already in the company’s call logs.
The average payout will likely be around $100, but this could be higher or lower depending on how many people apply. If you’re eligible, keep an eye on updates and be ready to act quickly when the claim portal opens.
Final Thoughts
The Credit One Bank $14 Million Settlement 2025 serves as a reminder that companies must follow privacy laws and obtain proper consent before contacting people through automated calls. If you were one of the many affected, this settlement is your chance to receive some compensation for the inconvenience.
While you wait for the claim website to go live, gather any relevant information and stay alert for updates. Share this information with family and friends who may also be eligible—it could help them receive their share too. And most importantly, once the process begins, don’t delay in filing your claim.
FAQs
1. Who is eligible for the Credit One Bank $14 Million Settlement 2025?
You are eligible if you received at least one robocall or prerecorded message from Credit One Bank or its collection agencies between 2014 and 2019 without giving prior consent.
2. How much money will I receive from the settlement?
The average payout is expected to be around $100, but it may vary depending on the number of valid claims submitted. Some individuals may receive up to $300.
3. How can I file a claim for the settlement?
You will need to file your claim through the official settlement website once it is live. The process will involve submitting basic contact details and confirming your eligibility.
4. When will I get my payment?
Payments are expected to be issued 6 to 9 months after final court approval and verification of all claims. The exact timeline depends on legal and administrative steps.
5. What if I didn’t receive a notice but think I’m eligible?
Even if you did not receive a formal notification, you may still qualify if your phone number appears in the calling records. You should file a claim once the website is open.
