Credit Services Firm Agreeing to $17,500,000 Payout in Data Breach Settlement

The credit services provider 700Credit is moving ahead with a $17.5 million class action settlement connected to a significant data breach.

The agreement resolves claims stemming from unauthorized access to 700Credit’s computer systems in October 2025 that impacted 5.8 million people.

The plaintiffs allege that the incident allowed hackers to steal sensitive customer data, which may include names, addresses, dates of birth, Social Security numbers and other identifiers.

“Plaintiffs allege that 700Credit, on or about October 25, 2025, identified that Private Information of Settlement Class members may have been compromised, accessed, and exfiltrated (‘Data Incident’).”

The company supplies credit reports and related tools to auto, RV, powersports and marine dealerships across the country.

US residents who received breach notifications in July 2026 qualify for the class and can pursue up to $2,500 in documented losses or an estimated flat payment near $50. All class members will be given access to two years of complimentary credit monitoring without any filing requirement after the settlement receives final approval.

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