Credit One Bank Class Action Settlement is Being Disbursed This Week: Know Eligibility & Payment Dates

Credit One Bank has once again made headlines with not any good work, but again, another class action settlement. The bank has been facing many allegations that they were misleading customers with unusual rate hikes and hidden fees. The bank has settled for $14 million, and all the affected customers of Credit One Bank will receive the settlement amount according to their filed claim. 

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Credit One Bank Class Action Settlement is Being Disbursed This Week

Irritating automated calls, hidden fees, sudden rate hikes, and above all poorest customer service – Credit One Bank is providing their customers with all these excellent services! Jokes apart, millions of Americans have been suffering over the past few years because of the negligence of the Credit One Bank.

Now tired of being accused multiple times, the bank has settled for a $14 million class action suit, although it has denied any wrongdoing. And all the affected customers might receive up to $1000 as compensation from the class settlement, while clarifying some eligibility criteria.

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Being one of the largest credit card issuers in the United States If America, this scandal has been the topic of discussion recently in newspapers. Many people have lost faith in the bank and are now considering a different credit card company. Between the years 2014 to 2019, Credit One Bank and all its affiliated partners were using automated robo-calls to contact customers and provide them with information.

And all these calls were made without taking consent from the receiver, and this violated the TCPA. These calls were mainly for either debt reminders or marketing schemes. Apart from customers, the calls were also made to people who were not related to the bank.

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Credit One Bank TCPA Settlement in 2025: Overview

Article on	Credit One Bank TCPA Settlement in 2025
Country	USA
Beneficiary	Affected customers of Credit One Bank
Settlement Amount	Up to $1000
Category	Class Action
Payment Date	Not yet disclosed
Official settlement website	Will be live after the final hearing

Impact of the Settlement 

The settlement will be useful and impactful for those who were genuinely affected by the wrongdoings of the Credit One Bank during the period mentioned in the case. If you are one of the affected individuals, then you will also be eligible if you meet the mentioned conditions:

• If you have received a prerecorded robo call or voice message from the bank or its affiliates.
• The call was received between the years 2014 -2019.
• You were called without any previous consent taken before the calls were received.
• If you are not a customer, but you have still been called at your number, which has your name registered.

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If you have any recorded documents with you for evidence, it will benefit your case, but even if you do not have you can still file a claim from the settlement. The authorities will always cross-check the registered number with the call logs before verifying your qualification.

How much is the settlement Payment amount?

The exact payment of an individual will depend on the amount of the claim the individual has filed. According to some estimates made by experts, each individual will receive a minimum $100 to a maximum $1000, depending upon the severity and no of claims filed. This is an estimated amount, and the final amount will be decided after the number of eligible claimants is declared by the authorities.

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The $14 million settlement amount will cover all the legal charges and management charges of the case, along with compensating the affected customers. There is an estimate that after removing the other court charges, the remaining amount will be around 9 million, which will be used for the compensation.

The Process for Filing the Settlement Claim

There will be a separate official website that will go live after the court approves the final hearing of the class action. If you are an eligible candidate, you may receive a notice either by email or by post from the authorities. It would only be possible i you have mentioned your contact details with your bank records.

When the final hearing is done, you have to 

1. Visit the official website of the settlement
2. Mention all the necessary personal details like contact number, name, and other information.
3. If you have any document that can at as proof, kindly attach that.
4. You will need to select a payout method. The eligible payment methods are as follows.

• PayPal
• Check
• Direct deposit (bank transfer)

Make sure you have filed the claim before the provided deadline. The deadline will be mostly closed after 60 or 90 days once the settlement claim is open.

When will the settlement payout begin?

The exact duration of the settlement will depend on the court’s decision after the hearing, but we can talk about it in general; it usually takes a settlement payment.

• Between 3 to 5 months for examining and verifying the claims
• Between 4 and 9 months to begin the payment after the final hearing by the court.

Make sure you do not believe in any fake news or fall for any scam. Always prefer the official news over any social media updates. Always remember that no genuine company will ask you to pay for filing a claim.

What is TCPA?

TCPA is a consumer protection act in the USA that was passed by Congress in 1991, and George H.W. Bush signed this into law. This federal law secures consumers from telemarketing and regulates the practice. It also protects the consumer class from unwanted calls and calls that are made without consent. It has the aim to protect the privacy of consumers and their sensitive data.

These are some restrictions under the TCPA. 

• It limits the use of devices that can automatically dial numbers and also make robo-calls or artificial messages.
• Under the law, if a company is making a pre-recorded call or message, it would need the consent of the recipient first.
• Numbers mentioned on the national Do Not Call Registry cannot be contacted.

Final thoughts 

If you think you are an eligible claimant for this TCPA credit, one bank settlement, make sure to regularly check your mail. There were some talks and rumours that the payment will be scheduled this week, but as of now, there has been no official announcement made by the authorities.

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