Finn Law Group Settles Consumer Class Action Lawsuit Against Bluegreen Corp. over Reporting Delinquent Timeshare Accounts as ...
December 22 2015 - 5:48PM
Business Wire
Foreclosure entries will be deleted from over 11,000 timeshare
owners' credit accounts
A class action settlement has been reached with Bluegreen
Corporation, Experian Information Solutions, Inc., and Equifax
Information Services, LLC. over allegations that timeshare owners’
delinquent accounts were reported as foreclosures in violation of
the Fair Credit Reporting Act and Florida debt collection laws.
The suit, Best and Snapp, et al. v. Bluegreen Corp., et al.,
case no. 9:14-cv-80929, was filed July 14, 2014, in the U.S.
District Court, Southern District of Florida.
The plaintiffs alleged that when they were delinquent, Bluegreen
sent a series of letters advising them that they were terminated
from the Bluegreen Vacation Club and the status of their accounts
may be reported as foreclosures to the credit agencies.
While not admitting liability, Bluegreen, Experian, and Equifax
agreed to settle the lawsuit. The settlement, which was approved by
the court Nov. 6, 2015, provides in part:
- For class members who did not opt out
of the settlement and no longer have an active account, Bluegreen
will request that Equifax and Experian delete the entire account
that displayed a foreclosure;
- For class members who did not opt out
of the settlement but still have an active account, Bluegreen will
provide information to Equifax and Experian showing that the
accounts were paid for the months preceding their delinquency;
and
- Equifax and Experian have agreed to
implement Bluegreen's requests.
The Finn Law Group was the principal law firm that represented
the class. Managing Partner Michael D. Finn said, "I'm absolutely
delighted with this resolution, which deletes the harmful
'foreclosure' categorization from over 11,000 individuals’ credit
reports!"
To find out more about the class action settlement, please visit
www.bgcreditsettlement.com.
The Finn Law Group, which has its office in Florida, advocates
for consumers in timeshare matters and related debtor-creditor
issues. For more information, contact Michael D. Finn by calling
855-346-6529 or michaeldfinn@finnlawgroup.com.
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Finn Law GroupMichael D. Finn,
855-346-6529michaeldfinn@finnlawgroup.com