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BY Sarah Bregel

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Consumer credit reporting giant Equifax has agreed to pay $100 million to settle a class action lawsuit over claims it miscalculated millions of credit scores.

The lawsuit, brought by Gibbs Mura and co-counsel, was originally filed in the U.S. District Court for the Northern District of Georgia in 2022. According to the suit, a coding error led to inaccurate credit report information between March 17 and April 6, 2022, impacting around 4 million Americans who applied for mortgages, auto loans, or credit cards during the aforementioned time frame.

The suit contends that the miscalculation led to consumers receiving lower credit scores on their reports.…