February 05, 2007

Shea Class Action Settlement

I just thought I would make a quick note up here regarding "Shea Class Action Settlement" checks that many individuals have been receiving in the mail over the past few days.

After completeing some research regarding this settlement check I have determined that they are legitimate checks.  The money is being distribuited as part of a settlement in the case of Shea et. al. Vs. Household Bank.  The class action lawsuit was related to finance charges and late payment and over limit fees charged by Household.  If you are a current household card holder I have been informed that you will just notice a credit on your account, if you have closed your account you will receive a "postcard check" in the mail. 

These postcard checks are legitimate and indicate that they are being drawn on a bank account from US Bank!

Here is a link to another blog that is tracking the amounts people are getting back.  So far it appears to be anything from $0.02 - $9.00 depending on the individual!

http://creditsuit.org/credit.php?/blog/comments/wow_2_cents_received_from_shea_class_action_settlement/

tags: Other (Non Tech)
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