Settlement Structure: Claims Made
Active: Closed
Closed Settlement Statement:
According to court documents, the claim submission deadline has passed. Please contact the claims administrator if you have any questions.
Case Summary:Wells Fargo Bank, NA is settling a class action that alleges it continued to report debts to credit reporting agencies that had been discharged in bankruptcies. The complaint alleges that Wells Fargo did not update credit reporting information for people who had Wells Fargo credit cards, direct auto accounts, HELOC accounts, or personal lines accounts that were sold to third parties even after the debts had been discharged in Chapter 7 bankruptcies, thereby negatively affecting their credit scores and ability to get credit.
Docket Number:Adv. Proc. No. 1-18-01122 (ESS)
Company: Wells Fargo
Filing Deadline: March 21, 2022
Class Period: January 1, 2009 to March 16, 2020
Objection Deadline: March 21, 2022
Exclusion Deadline: March 21, 2022
Proof of Purchase:If you wish to make a Reimbursement Claim, you must provide proof of your payment to Wells Fargo after your debt was discharged in bankruptcy. If you wish to make a Distribution Claim, you do not have to provide proof.
Eligibility:You may be eligible if you are an individual borrower who (1) had a credit card account, direct auto account, HELOC account, or personal line account with Wells Fargo that Wells Fargo charged off and sold to a third-party debt buyer on or after January 1, 2009, and (2) the debt was discharged in a Chapter 7 bankruptcy, after it was sold to a third-party debt buyer but before March 16, 2020.
Typical Settlement Amount:Two kinds of claims are permitted. (1) Reimbursement Claim: Refund of some or all of any payment you made to Wells Fargo for a debt that had already been discharged in bankruptcy. (2) Distribution Claim: Cash payment for the fact that your credit report was not updated to show that your debt was discharged in bankruptcy. Equal share of the net settlement fund, after other amounts are paid.
Wells Fargo will also ask the three main credit reporting agencies to delete the discharged debts, if they have not already been deleted.
Total Settlement Amount: $3,000,000 plus $1,500,000 for attorneys, plus settlement administration costs
Class Representative Proposed Incentive Fee:TBD
Law Firms:
Boies Schiller and Flexner LLP
Charles Juntikka & Associates
Claim Form: Wells Fargo Bankruptcy Discharges Credit Reporting Settlement Claim Form
Case Name: Ajasa v. Wells Fargo Bank, N.A.
Settlement Website: Wells Fargo Bankruptcy Discharges Credit Reporting Settlement Website
Claims Administrator:
Rust Consulting, Inc.
Ajasa v. Wells Fargo Bank, N.A.
Settlement Administrator
c/o Rust Consulting Inc – 7479
PO Box 2599
Faribault, MN 55021-9599
888-398-8213