In June 2025, thousands of Credit One Bank customers across the United States are being notified about a cash settlement payout of up to $2,210 per person as part of a class action lawsuit. This settlement comes after allegations that the bank violated federal laws related to debt collection and customer communication practices.
If you’ve received a notice or heard about this case, here’s everything you need to know—who qualifies, how much you may get, and how to claim your share.
Why Is Credit One Bank Paying a Settlement?
This settlement follows a class action lawsuit that accused Credit One Bank of violating the Telephone Consumer Protection Act (TCPA) by calling customers using robocalls or automated systems without their proper consent.
The lawsuit also claimed that many of these calls were made even after customers had asked the bank to stop contacting them. Credit One has denied any wrongdoing but has agreed to a settlement of over $30 million to avoid further legal battles.
Who Is Eligible to Receive the $2,210 Settlement?
You could be eligible for this payout if:
- You were a Credit One Bank customer or account holder.
- You received automated or prerecorded calls or voicemails from Credit One Bank between February 2018 and August 2023.
- You either never gave proper consent for these calls or had already requested not to be contacted.
If you meet these conditions, you are likely part of the class action group and may be eligible to receive money from the settlement.
How Much Money Can You Get?
While the maximum payout is set at $2,210, the actual amount you receive will depend on:
- How many people file valid claims.
- The final court approval of the settlement.
- Whether you were impacted more than once or only received a few calls.
In past similar lawsuits, payouts ranged between $100 and $2,000 per person. If only a small group of eligible people submit claims, the amount per person will likely be higher.
When Will You Get the Settlement Payment?
The final court hearing to approve the settlement is scheduled for August 2025. If the settlement is approved and no appeals delay the process, eligible claimants may start receiving payments by late 2025 or early 2026.
Payments will likely be sent by direct deposit, PayPal, Venmo, or check—depending on the option you choose while filing your claim.
How to File a Claim?
Here’s how you can claim your share:
- Go to the official settlement website listed in your notice (or check the website mentioned in official sources).
- Fill out the online claim form with your basic details—like your name, address, and phone number.
- Choose your payment method.
- Submit the form before the deadline, which is expected to be around October 2025.
Note: If you received a postcard or email notice, it will have a unique Claim ID that you should enter on the form.
What Happens If You Do Nothing?
If you don’t file a claim:
- You won’t receive any payment.
- You will still waive your right to sue Credit One Bank for the same issue in the future.
That’s why it’s important to file your claim if you think you qualify.
Stay Alert for Scams
Only use the official settlement website or phone numbers provided in your notice. There are many fake websites and scammers trying to take advantage of people during such large settlements. Never give your bank or personal details on unofficial websites or over the phone.
Final Words
This Credit One Bank settlement is a reminder of how important consumer protection laws are—and how companies can be held accountable for practices that go against customer rights.
If you believe Credit One Bank contacted you with automated messages without your permission in recent years, this is your chance to get compensated. Make sure to check your eligibility and submit your claim before the deadline.